ABI: North American Mobile Commerce To Nearly Quadruple Next Year
Written by Fred J. AunMarch 15th, 2009
Mobile commerce transactions in North America are expected to nearly quadruple by next year, hitting $2.09 billiion, according to an analysis by ABI Research which said the popularity of smartphones and mobile initiatives by Amazon and eBay will play a big part in the surge.
ABI Research Senior analyst Mark Beccue said North American mobile commerce totaled about $346 million last year and is expected to hit $577 million this year. "Then, you're going to get a big jump by year-end 2010, reaching $2.09 billion," Beccue said. The analyst pointed out that even if it doubles in size as predicted, mobile commerce will remain a drop in the bucket compared to all types of E-Commerce. He said E-Commerce in North America alone was a $204 billion industry last year.
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