Business Week: M-Commerce To Top $300B By 2013
That's totally both digital and physical goods, according to projections from Juniper Research.
According to the research firm, the value of payments made via mobile for digital goods - music, games - and physical items - tickets, books - will grow more than fivefold over the next five years.
The ticketing segment alone could top 40% of the total, representing rail, air and bus networks, as well as sporting and entertainment events.
As Juniper analyst Howard Wilcox tells Business Week: "Merchants in North America and Western Europe are just starting to realize the potential of a mobile web presence as a fourth channel to market. Retailers should be evaluating the benefits of the mobile web, and be mindful of the success of regular ec-ommerce sites in generating sales.
"They need to move quickly to exploit the opportunity presented, and ensure that they maintain ease of use for their customers who are already familiar with web shopping from their PCs."
I think that could be wildly optimistic, unless the transaction mechanism can be webified, ie, be fully hosted by a credit card company. Otherwise, waiting for retailers to transition to systems to handle these mobile transactions will slow down the growth significantly.
One idea: In BRANDING UNBOUND the book, I do a Q&A style interview with Don Peppers of 1:1 marketing fame. He puts forth the idea of a "digital aggregation agent" - a trusted party that consumers can sign up for once and provide credit card information for all their credit cards, as well as personal preferences aisle seats in the travel ticketing scenario) that would host these transactions virtually to make this a seamless, easy experience for consumer uptake.
One easy platform to do m-commerce with any participating retailer - without retailers having to make big investments in technology solutions.
For other ideas, and how others are already using them, start here.
To read an excerpt of the Peppers UNBOUND interview, click here.
For the Business Week piece, click here.
Quick links:
BRANDING UNBOUND The Blog
BRANDING UNBOUND The Book
ADWEEK Magazines Excerpt
Rick Mathieson.com









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