Tag: mobile commerce 2013

Report highlights the prospects of mobile commerce for 2013

| March 7, 2013

Mobile Commerce ReportNew report examines the mobile commerce landscape of 2013

Mobile Commerce Daily has released a new report highlighting the trends that are emerging in the retail industry. The report, titled the Mobile Commerce Outlook 2013, provides some insight on how retailers are approaching the issue of mobile commerce and the various challenges they face in doing so. More retailers are beginning to feel the need to cater to mobile consumers, especially as these people become more prone to spending money through their mobile devices rather than participating in traditional forms of commerce. As mobile payments become more common, companies that opt out of mobile commerce may be missing a major opportunity.

Consumers showing more comfort with mobile shopping

According to the report, consumers are more likely to purchase more products if they are shopping from a mobile device. Retailers with efficient and easy-to-use mobile commerce systems see higher sales volumes than those offering cumbersome services. Consumers have shown a great deal of comfort in purchasing products using their smartphones and tablets, even when faced with lingering security concerns the inefficiency of some mobile commerce platforms.

Amazon and eBay establish strong lead in mobile commerce

Companies that already have a strong online presence have been able to establish a formidable lead in the mobile commerce arena. eBay, for instance, expects to see more than $20 billion in global mobile sales in the coming years. Amazon continues to enjoy a dominant role in the retail industry, which has been punctuated by the company’s growing support for mobile commerce. The company has begun catering more heavily to mobile consumers, forcing its competitor to follow suit or risk losing out on a sizable portion of loyal customers.

Security concerns likely to persist into the future

Mobile commerce is still faced with significant challenges which are not likely to be entirely overcome this year. Security remains one of the most significant of these challenges. While many consumers pay little attention to the issue of mobile security, when financial information becomes involved they begin to show more concern. There is no simple solution to the security issue, which means that it will likely continue to plague mobile commerce well into the future.

Mobile sector expected to see major growth in 2013

| January 1, 2013

Mobile Sector Growth 20132013 may be a major year for the mobile sector

The coming year is expected to be very significant in the realm of mobile technology and mobile services. Over the past 12 months, more consumers have become reliant on their mobile devices in their daily lives. This has created major engagement opportunities in several industries and many companies have begun focusing more heavily on mobile consumers. In 2013, this focus is expected to become more acute on the mobile sector, especially as more companies develop services that are very specifically targeted at the mobile demographic.

Location-based marketing to begin picking up more momentum

Location-based marketing and services are expected to see a boost in 2013. More companies are beginning to see the value of engaging consumers through location-based services. Social media sites like Foursquare and Facebook exemplify this potential channel of engagement. Advertisers can use location-based marketing campaigns to great effect and consumers are all but guaranteed to engage in such campaigns because of their curiosity and their constant connection to their smart phones and tablets.

Mobile gaming to continue showing promise

The mobile sector has been attracting a significant amount of attention from the game industry. Mobile gaming is expected to take off in 2013 as well. Though the mobile gaming space is considered a crowded market by many, there is still significant financial opportunities therein. By the end of 2013, the mobile gaming market is expected to hit $9.8 billion, with the possibility that the Android platform will become the dominating force in the mobile gaming business. In-app advertising is also expected to become more prevalent as game developers find that consumers are willing to engage in such advertisements.

Mobile commerce will likely be a major focus of many companies

Mobile commerce will likely reach new heights in the mobile sector in 2013, powered by NFC technology or not. Companies like PayPal and Apple are currently looking for alternatives to NFC technology to further their goals with mobile commerce. Much of the mobile commerce space will continue to be dictated by the technology, however, as several companies in the technology and telecommunications industry have already invested heavily in the development of an NFC-based mobile commerce infrastructure.