Close
  • Latest News
  • Cybersecurity
  • Big Data and Analytics
  • Cloud
  • Mobile
  • Networking
  • Storage
  • Applications
  • IT Management
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Menu
Search
  • Latest News
  • Cybersecurity
  • Big Data and Analytics
  • Cloud
  • Mobile
  • Networking
  • Storage
  • Applications
  • IT Management
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Home Latest News
    • Small Business

    Mobile Transactions to Top 125 Billion by 2018

    By
    Nathan Eddy
    -
    August 24, 2015
    Share
    Facebook
    Twitter
    Linkedin
      juniper and m-commerce

      The number of annual purchases made with mobile devices, tablets, desktops and other connected devices should reach 125 billion annually by 2018, up more than 60 percent on this year’s total, according to a report from Juniper Research.

      Growth will come in large part from China, the report projected, with that nation surpassing the United States as the leader in mobile and online transactions.

      The dramatic surge in Chinese e-retail businesses includes Alibaba, which attracted more than 330 million buyers during 2014.

      The report observed that with nearly $450 billion in e-retail sales during 2014, China had comfortably surpassed the U.S.—which boasted $296 billion in e-retail sales last year, to become the largest single market. Japan, the United Kingdom and France round out the top five.

      Medium term growth is expected to be driven by a variety of factors, including a rise in commuter commerce like on-the-go purchases, which would itself be fueled by greater deployments of WiFi and 4G connectivity on public transport.

      The report also projected that digital transaction volumes would be further bolstered with the continued transition from physical formats, such as DVDs and CD-ROMs, to digital, and the rise in streamed subscription services.

      In addition to the financial and transactional projections, the whitepaper– Mobile & Online Purchases: Cards, Carrier Billing & Third Party Payment Platforms 2015-2020– cautioned that several high profile data breaches at retailers had resulted in significant consumer unease.

      It also found retailers need to deliver a consistency of message, branding and shopping experience across all channels and should also ensure that they scale up the resources on offer at peak periods to cope with the likelihood of additional pressures on online customer support.

      The Juniper study follows a survey released earlier this month that indicated shoppers are using a wider variety of payment options with digital and mobile payments serving as supplements to the traditional cash and card-based payments tools.

      The survey of more than 1,000 American consumers, which was released by Blackhawk Network, revealed more than two-thirds (68 percent) of mobile payment users report that they are using the alternative payment methods more than last year, with cash and checks seeing the greatest declines in use overall.

      The vast majority (87 percent) of consumers surveyed think merchant-specific gift cards are convenient to use, even higher than bank-connected debit cards (82 percent).

      Mobile wallets are now used by 25 percent of smartphone owners, with 64 percent of users carrying debit cards in their mobile wallets, while 58 percent have credit cards and 45 percent have gift cards.

      Avatar
      Nathan Eddy
      A graduate of Northwestern University's Medill School of Journalism, Nathan was perviously the editor of gaming industry newsletter FierceGameBiz and has written for various consumer and tech publications including Popular Mechanics, Popular Science, CRN, and The Times of London. Currently based in Berlin, he released his first documentary film, The Absent Column, in 2013.

      MOST POPULAR ARTICLES

      Android

      Samsung Galaxy XCover Pro: Durability for Tough...

      Chris Preimesberger - December 5, 2020 0
      Have you ever dropped your phone, winced and felt the pain as it hit the sidewalk? Either the screen splintered like a windshield being...
      Read more
      Cloud

      Why Data Security Will Face Even Harsher...

      Chris Preimesberger - December 1, 2020 0
      Who would know more about details of the hacking process than an actual former career hacker? And who wants to understand all they can...
      Read more
      Cybersecurity

      How Veritas Is Shining a Light Into...

      eWEEK EDITORS - September 25, 2020 0
      Protecting data has always been one of the most important tasks in all of IT, yet as more companies become data companies at the...
      Read more
      Big Data and Analytics

      How NVIDIA A100 Station Brings Data Center...

      Zeus Kerravala - November 18, 2020 0
      There’s little debate that graphics processor unit manufacturer NVIDIA is the de facto standard when it comes to providing silicon to power machine learning...
      Read more
      Apple

      Why iPhone 12 Pro Makes Sense for...

      Wayne Rash - November 26, 2020 0
      If you’ve been watching the Apple commercials for the past three weeks, you already know what the company thinks will happen if you buy...
      Read more
      eWeek


      Contact Us | About | Sitemap

      Facebook
      Linkedin
      RSS
      Twitter
      Youtube

      Property of TechnologyAdvice.
      Terms of Service | Privacy Notice | Advertise | California - Do Not Sell My Information

      © 2021 TechnologyAdvice. All Rights Reserved

      Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

      ×