M-commerce sales to double by 2025, reaching over $700 billion

M-commerce Sales Increase

An eMarketer study predicts that smartphone-based sales will continue their skyrocketing rate. Back in 2020, m-commerce sales took off by 41.4 percent, continued their growth last year and are expected to continue on that path throughout this year as well, according to a recently released eMarketer report. Mobile shopping was already rising fast but the pandemic spurred things on even faster. According to the report, m-commerce sales are expected to see another 15.2 percent growth rate this year, bringing them to the $359.3 billion by the close of 2022. The…

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By 2025 mobile commerce sales will pass $700 billion

Mobile commerce sales - pennies on top of phone

A new eMarketer report has shown that last year saw 41.4 percent growth over the year before. Mobile commerce sales have reached the point that they are absolutely explosive, to the point that they will be doubling by 2025 according to eMarketer data. Last year saw a growth rate of 41.4 percent, and this year’s is expected to be 15.2 percent, which will bring it to $359.3 billion. People have become exceptionally comfortable with shopping online using their smartphones. “Smartphones have historically been primarily consumption devices, but they’re becoming much…

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Social and live stream commerce rose by 45 percent last year

social live stream commerce statistics

Social platforms and real-time video drove a massive spike in shopping via apps in 2020. Social media and live stream commerce positively exploded last year, as the pandemic greatly changed the way people communicated and shopped, says new App Annie data. Many countries newer to m-commerce experienced even higher increases in their app-based shopping. According to new data, global time spent shopping via apps (not including China), rose by 45 percent in 2020 when compared to the same figures for 2019. Many countries that hadn’t previously adopted mobile commerce as…

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Biometrics use could explode by 2025 due to m-commerce

Biometrics use - fingerprint

The tech may not be perfect, but it is solid and provides considerably greater user convenience. Biometrics use is expected to skyrocket in popularity over the next handful of years as a result of the widespread adoption of mobile commerce. According to data in a recent Juniper Research report the mobile security tech could peak as soon as 2025. The use of fingerprints and facial recognition for identity verification rose by 650 percent in 2020. As the pandemic sent millions of people worldwide to do their jobs remotely, the use…

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Mobile shopping share of e-commerce is spiking this year

Mobile shopping share - mobile phone and laptop

In 2020, retailers are recording more digital conversions over smartphones than in previous years. Only a handful of years ago, the mobile shopping share was next to irrelevant in the grand scheme of e-commerce. Though it was relatively certain that smartphones would be a vital platform for making purchases, it hadn’t happened yet. In 2014, smartphones and tablets accounted for only 13 percent of al digital sales. Moreover, those numbers were for orders much different than those of today’s mobile shopping share. At that time, the trend clearly showed that…

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