Tag: ibm

Holiday season may bring growth to the mobile commerce market

| September 25, 2015

Many consumers may use their mobile devices to shop during the holidays

The holiday season is rapidly approaching and this may represent a major opportunity involved in the mobile commerce space. Touch of Modern, an e-commerce company that specializes in exposing men to products and bands that they may be interested in, reports that the 2014 holiday season was particularly significant in terms of growth. The upcoming holiday season may provide the mobile commerce space with significant momentum that will encourage more retailers to become mobile-centric.

Touch of Modern is seeing major growth through the holiday season

Touch of Modern raised some $14 million in Series B funding last year. During that same year, the company’s revenue grew by 400%, with mobile commerce representing a significant portion of this growth. More consumers are accessing e-commerce sites through their mobile devices. These consumers note that using their mobile devices has made it easier for them to shop for and purchase products. Mobile shopping is particularly popular among consumers with long commutes, as they are able to do their shopping while traveling and have products delivered to their homes.

IBM shows that mobile traffic is growing aggressively, largely due to the holiday shopping season

Mobile Commerce Thanksgiving Shopping A report from IBM has shown that mobile commerce saw explosive growth in 2014, largely thanks to holiday shopping. On Thanksgiving Day, mobile traffic accounted for some 52.1% of all online traffic. This was the first time that mobile devices accounted for more traffic than their PC counterparts. Consumers also spent more money through their mobile devices during the 2014 holiday season than they had done in 2013.

Retailers may have major opportunities in the mobile commerce field

Mobile commerce may see a greater increase this year than it saw in 2014. More retailers have begun to embrace the mobile space, hoping to engage consumers that favor shopping with their smartphones and tablets. Retailers have significant opportunities that they can take advantage of this year, but they will have to provide consumers with an enjoyable and convenient mobile shopping experience in order to do so.

Mobile commerce is gaining momentum

| February 20, 2015

IBM report shows that mobile traffic and shopping is on the rise in the US

Mobile now accounts for nearly half of all online retail traffic in the United States, according to the latest IBM Digital Analytics Benchmark. The report highlights the growing importance of the mobile space and how it is having a major impact on commerce in the digital world. The report makes note of the mobile commerce activity on Valentine’s Day, showcasing an increase in mobile shopping over what was recorded on the same day in the previous year.

Mobile traffic accounts for nearly half of all online retail traffic this year

According to the report, online shopping, as a whole, grew by 10% on Valentine’s Day. This may be due to numerous factors, including cold weather and powerful storms in some parts of the country. The report shows that mobile traffic accounted for 46.5% of all online traffic, highlighting the fact that many consumers are now using their smartphones and tablets to shop online. Higher traffic does not represent more sales, however.

Mobile commerce still represents a small portion of digital sales when compared to PC

Mobile Commerce - Mobile ShoppingThe report shows that mobile commerce represented 23% of all online sales, which is a 35% increase over mobile commerce sales last year. Mobile still represents a relatively small portion of online retail sales, however, as sales made from PCs remain the most significant force in online retail. The report shows that tablet users typically spent more than their smartphone counterparts. Tablet users spend an average of $98.56 per order, whereas smartphone users spent an average of $92.37 per order.

Mobile commerce continues to thrive because of its convenient nature

While PC still dominates the online retail space, mobile commerce is beginning to become a more prominent force. Many consumers are opting to shop for and purchase products from their mobile devices because of how convenient such a practice is. In the coming years, it is likely to become more common for consumers to participate in mobile commerce, especially during the holidays, when they want to avoid crowds and enjoy a convenient shopping experience.