How M-Commerce is Killing E-Commerce

Global m-commerce revenue has nearly reached the $500 billion mark, with Asian countries accounting for almost half of that. There are over 200 million mobile consumers in China alone. Considering India’s mobile commerce market, the number of mobile shoppers, as part of the overall online shopping market, has grown from 20 percent to over 50 percent. For the U.S. itself, emarketer predicts that in 2015 around 22 percent of retail commerce sales will come from purchases made on mobile devices. M-Commerce is growing so fast that I expect retailers/commerce players shifting their complete focus from web apps and desktop websites to mobile apps and mobile sites. We have a few examples for you below.

Because of the rapid increase in smartphone and tablet penetration, the growth in mobile commerce is going th ...

To continue reading, sign up for MEDICI Inner Circle and get free access for 7 days.
100,000+ FinTech professionals trust MEDICI Inner Circle to stay up to date on the latest in financial services.