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Recurring Revenue Authors: Zakia Bouachraoui, Yeshim Deniz, Elizabeth White, Pat Romanski, Xenia von Wedel

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Mobile Commerce News Weekly

Week of February 23, 2014

 

The Mobile Commerce News Weekly is an online newsletter made up of the most interesting news, articles and links related to mobile commerce and marketing, mobile payments, mobile money, e-wallets, mobile banking, mobile ads and mobile security that I run across each week.  I am specifically targeting market size and market trend information.

Also read Enterprise Mobility Asia News Weekly
Also read Field Mobility News Weekly
Also read M2M News Weekly
Also read Mobile Cyber Security News Weekly
Also read Mobile Health News Weekly
Also read Mobility News Weekly

Looking for an enterprise mobility solution?  Read the Mobile Solution Directory Here!

UK based start-up, Depop launched in April 2013 and has achieved 200,000 downloads from the App Store so far. According to TechCrunch, the app has been responsible for 200,000 items being sold worldwide, at a value of around €5 million. Read Original Content

Ninety-seven percent of online clothing shoppers shop from the comforts of their own home or work, with just one percent of the respondents using in-store Wi-fi on mobile devices for purchases, according to the new survey issued by Fits.me, the virtual fitting room solution. Read Original Content

According to the report from InMobi, 85 percent of consumers worldwide plan to participate in mobile commerce within the next 12 months. This is a 15 percent increase over what had been reported in 2013. Read Original Content

The True Cost of Mobility - Companies are under tremendous pressure to develop and deploy mobile apps for their business systems, yet the traditional approach to mobile app development typically costs $250K+ and takes 6+ months for a single app. Today IT professionals are exploring platforms that radically reduce costs and time-to-market for their mobile initiatives, especially around complex applications such as SAP, Oracle, or custom applications. Download the whitepaper - https://www.capriza.com/resources/whitepapers/?resource=true-cost-of-enterprise-mobility&adgroup=MES

Twelve months ago mobile commerce was a minor revenue-generating side of the business, but today it makes up nearly 30 percent of the revenues enjoyed by e-commerce companies and one that's seeing more and more investment pouring in. Read Original Content

A report from WorldPay predicts mobile payments will reach $117 billion worldwide by 2017, a major increase from the $18 billion recorded in 2012. Read Original Content

 

Royal Bank is updating its mobile application to incorporate an augmented reality element. The augmented reality app is meant to help customers find the nearest Royal Bank ATM or bank branch. The AR function provides a live streetscape that uses icons to guide the customer to the nearest location, including the distance to get there. Read Original Content

According to a new InMobi report, there will be a 15 percent increase in mobile commerce in 2014, with 83 percent of respondents planning to conduct mobile commerce in the next 12 months. Read Original Content

Four out of ten smartphone owners have bought something direct from their mobile phone spending an average of £199 each in 2013, according to Cheil Worldwide. Read Original Content

Nearly 30 percent of consumers worldwide consider trust as the single largest obstacle to using mobile to purchase goods and services, according to a study by MEF, carried out in association with AVG Technologies. However, only nine percent of these users claim to have actually had a negative experience. Read Original Content

Mobile commerce has witnessed incredible development for the last few years. Radware research indicates mobile shopping sales in 2013 hit $25 billion. However, what's striking is 79 percent of large online retail store still do not have mobile optimized site or mobile app, according to Culturelabel.com. Read Original Content

A revolution is taking place in the way consumers shop online, with overall mobile sales doubling over the last year to $60 billion in value, and the tablet exploding on the scene as the payment device of choice, according to Javelin Strategy and Research. Read Original Content

Mobile commerce continues to be the bright spot for eBay as both Marketplaces and PayPal achieved record mobile results in 2013, each exceeding $20 billion in mobile volume. Total mobile commerce volume grew 88 percent, with eBay reaching $22 billion and PayPal hitting $27 billion in 2013. Read Original Content

Voice-based mobile authentication provider Voicekey has been awarded the second phase of a small business m-commerce contract by the U.K. government.  These contracts are being promoted by the U.K. government as a way to stimulate the development of innovative m-commerce products that prevent fraud and increase accessibility for all. Read Original Content

By the end of the year, BI Intelligence predicts tablets with account for 50 percent of the total value of U.S. retail sales made through mobile devices. Within the next few years, tablets may begin to outpace smartphones in terms of mobile sales. Read Original Content

Oracle has announced plans to acquire BlueKai, a leading cloud-based big data platform that enables companies to personalize online, offline and mobile marketing campaigns at targeted audiences. Read Original Content

Recent Articles by Kevin Benedict

Mobile Expert Interview: Moshe BenBassat CEO of ClickSoftware
Mobility is Good for Humanity - MWC 2014
For All Who Missed the Mobile World Congress in 2014
Mobile Expert Interview: Christy Wyatt CEO/President Good Technology
Smart Machines, Code Halos and Digital Transformation
If You Can't Support Strategic Enterprise Mobility - An Extinction Event Draweth Nigh
Kevin Benedict Interviews Digital Transformation Expert: Jitin Agarwal on Managing Digital Assets and Code Halos

Webinars of Note (Recorded)

Rapidly extend any enterprise application to mobile devices without coding, APIs, or integration.

Whitepapers of Note

Don't Get SMACked - How Social, Mobile, Analytics and Cloud are Reshaping the Enterprise
Making BYOD Work for Your Organization
Managing BYOD and Legacy Systems
The Secret to Enterprise Mobile Application Adoption
Solving The Mobile Developer Scarcity Problem
The True Cost of Mobility

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Kevin Benedict Senior Analyst, Digital Transformation Cognizant View my profile on LinkedIn Learn about mobile strategies at MobileEnterpriseStrategies.com Follow me on Twitter @krbenedict Browse the Mobile Solution Directory Join the Linkedin Group Strategic Enterprise Mobility

***Full Disclosure: These are my personal opinions. No company is silly enough to claim them. I am a mobility and digital transformation analyst, consultant and writer. I work with and have worked with many of the companies mentioned in my articles.

More Stories By Kevin Benedict

Kevin Benedict serves as the Senior Vice President, Solutions Strategy, at Regalix, a Silicon Valley based company, focused on bringing the best strategies, digital technologies, processes and people together to deliver improved customer experiences, journeys and success through the combination of intelligent solutions, analytics, automation and services. He is a popular writer, speaker and futurist, and in the past 8 years he has taught workshops for large enterprises and government agencies in 18 different countries. He has over 32 years of experience working with strategic enterprise IT solutions and business processes, and he is also a veteran executive working with both solution and services companies. He has written dozens of technology and strategy reports, over a thousand articles, interviewed hundreds of technology experts, and produced videos on the future of digital technologies and their impact on industries.

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