Tag: mobile spending

A new Gartner report has shown that smartphones and tablets are still driving these expenses.

According to a recent report that has been issued by Gartner, mobile is still making technology news as a primary driver of global IT spending, but it has also shown that the pace isn’t speeding up quite as much as it had been in previous quarters and years.

The momentum for global IT spending in the mobile environment is starting to ease off.

The Gartner technology news report stated that that the IT spending worldwide remains on pace, having come to a total of $3.7 trillion, so far, in 2014. This represents a healthy 2.1 percent increase over the same time in 2013. That said, the well respected research firm has also noted that this growth rate has decreased when compared to earlier projections which had pegged it at 3.2 percent.

This year’s technology news predictions have diminished as a result of the decrease in expected device growth.

Also contributing to the slowing growth in IT spending is a slowing in the expectations for data center systems as well as in IT services, to a certain degree. According to the Gartner managing vice president, Richard Gordon, “Price pressure based on increased competition, lack of product differentiation and the increased availability of viable alternative solutions has had a dampening effect on the short term IT spending outlook.”

That said, Gartner also predicts that it won’t be long before the figures will start to even off and return to spending growth levels that are closer to “normal”. Gordon explained that “However, 2015 through 2018 will see a return to ‘normal’ spending growth levels as pricing and purchasing styles reach a new equilibrium.” He described the current situation in IT as entering into “its third phase of development”, in which it moves on from a focus directly on the tech and the processes of the past in order to look ahead to new forms of business model that have become possible as a result of digitalization.

In 2014, the technology news expectations are that smartphones, tablets, and other devices will still see growth in sales, though not as great as in previous quarters. Now it is believed that the growth over 2013’s figures will be 1.2 percent, to reach $685 billion.

Consumers are growing fonder of mobile shopping as retailers change their behavior

Consumers are becoming increasingly adverse to traditional forms of commerce, according to research from PayPoint, a provider of multi-channel payment solutions. This trend has been going on for some time, with consumers showing more interest in online forms of commerce over more traditional forms of commerce. In particular, mobile payments have been growing in popularity at a rapid rate, due to the growing prominence of mobile technology and the availability of new payment services being offered to consumers throughout the world.

19.6% of all transactions to come from mobile devices by 2019, according to PayPoint research

Mobile commerce is expected to see a significant degree of success in the United Kingdom in the coming years. According to PayPoint’s research, an estimated 19.6% of all transactions made throughout the country will come from mobile devices by 2019. Currently, some 9.3% of transactions are conducted through a mobile device. Consumers are becoming more comfortable with the concept of mobile commerce, especially as they see retailers and other organizations taking steps to make online shopping more secure and convenient.

Retailers are beginning to adapt to a mobile-centric society

Retailers have been noticing a shift in consumer behavior over the past several years. Many people are becoming mobile-centric, relying heavily on their smartphones and tablets to function in daily life. This has lead to a growing demand for mobile services, which cater to these consumers in particular ways. Retailers have been taking steps to adapt to changes in their given market by embracing mobile technology themselves.

Consumers are still somewhat wary of mobile shopping due to past problems

Finding success in the mobile commerce field has been a challenge. Security issues have steered many people away from mobile payments, while poor online shopping experiences and other problems have done the same. Consumers have shown that they are willing to participate in mobile shopping, but only if the services being offered to them are convenient and mostly problem-free. Poor shopping experiences can discourage consumers from participating in mobile commerce in any significant fashion.