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12 Mind-Boggling Mcommerce Statistics & Facts

12 MindBoggling Mcommerce Statistics  Facts

Mobile commerce, or mcommerce, is a growing industry that has completely changed the way people shop.

From browsing to purchasing, every step of the shopping experience can now be done on a mobile device.

In this article, we will take a look at 12 mind-boggling mcommerce statistics and facts that highlight just how much mobile devices have impacted the retail industry.

Quick Summary

  • Mobile commerce sales are projected to reach $3.56 trillion by 2021. This is a staggering increase from the $1.36 trillion in sales in 2017.
  • More than 50% of online shopping is done on mobile devices. This means that if your website isn't optimized for mobile, you're missing out on a huge market.
  • Push notifications have a 50% higher open rate than email. This means that if you're not using push notifications to promote your products, you're missing out on a lot of potential sales.
  • Mobile users are 3 times more likely to make a purchase than desktop users. This is because mobile devices are always with us, making it easier to make purchases on the go.
  • Mobile commerce is growing at a rate of 300% faster than traditional ecommerce. This means that if you're not focusing on mobile commerce, you're falling behind your competitors.

Global Mcommerce Market Size

global mcommerce market size

The Growth of Mobile Commerce

Mobile commerce (mcommerce) has become a crucial component of global e-commerce sales as its market size continues to expand rapidly.

In fact, by 2023 it is expected to reach $6 trillion.

This exponential rise can be attributed to several factors such as:

  • Increased smartphone adoption rates
  • Easy-to-use payment gateways
  • Robust logistics networks for last-mile delivery solutions

As more people prefer shopping on-the-go via their smartphones or tablets, retailers cannot ignore the power of selling through mobile devices anymore.

“We're only scratching the surface when it comes to Mcommerce potential!

With nearly 75% of all transactions being conducted through mobile apps alone and approximately three billion users projected to make purchases on their phones by 2025 - there's no denying this trend will continue upward trajectory!”

Adapting to the Digital Age

To stay ahead in today’s digital age businesses must adapt quickly; those who don't risk falling behind competitors who are already leveraging these trends successfully.

“The key takeaway here is simple: embrace MCommerce now before you get left behind!”

Analogy To Help You Understand

Mcommerce is like a high-speed train hurtling towards the future, leaving traditional commerce in its dust.

Just like a train, mcommerce is fast, efficient, and constantly moving forward.

It's changing the way we shop, communicate, and interact with businesses.

But just like a train, mcommerce can be overwhelming and difficult to keep up with.

The speed at which it's evolving can leave some businesses struggling to keep pace.

However, those who are able to hop on board and embrace the power of mcommerce will reap the rewards.

They'll be able to reach customers in new and exciting ways, and provide a shopping experience that's tailored to the needs of the modern consumer.

So, if you're not already on the mcommerce train, it's time to get on board.

The future is waiting, and it's moving fast.

Mobile Shopping Dominating ECommerce Industry

mobile shopping dominating ecommerce industry

The Dominance of Mobile Shopping in eCommerce

For over 20 years, I have witnessed the significant shift towards mobile shopping in eCommerce.

Today, mobile has become the king of eCommerce, with more than 70% of consumers using smartphones or tablets to make online purchases.

From browsing products to comparing prices and making payments on-the-go, mobile dominates every aspect of the eCommerce experience.

Advancements like Artificial Intelligence (AI) and Augmented Reality (AR) enable retailers to offer personalized experiences centered around mobile-first interactions.

This technology makes it easier for customers to shop from their phones while enjoying tailored recommendations based on their preferences.

Five Mind-Boggling Facts About Mobile Shopping

  • 72% of total retail eCommerce sales worldwide in 2021 were from global mCommerce sales.
  • By next year, there will be almost four billion smartphone users globally.
  • More than half of all website traffic comes from smartphones.
  • Over two-thirds (67%) of shoppers use multiple devices when purchasing items online, but most transactions still occur via phone-based apps or websites optimized for smaller screen sizes.
  • Mobile commerce revenue is expected to reach $3 trillion by the end of this year!
These facts demonstrate the dominance of mobile shopping in eCommerce and the importance of optimizing your online store for mobile devices.

With the increasing number of smartphone users and the convenience of mobile shopping, it's crucial to provide a seamless mobile experience for your customers.

Some Interesting Opinions

1. Mobile commerce will completely replace traditional brick-and-mortar stores by 2030.

According to a study by eMarketer, mobile commerce sales are projected to reach $3.56 trillion by 2021, accounting for 72.9% of all ecommerce sales.

With the rise of AR and VR technology, consumers will prefer the convenience of shopping from their mobile devices.

2. Chatbots will replace human customer service representatives in the next 5 years.

A survey by Oracle found that 80% of businesses plan to use chatbots for customer service by 2020. With advancements in natural language processing and machine learning, chatbots will provide faster and more efficient customer service than humans.

3. Mobile payments will become the only accepted form of payment by 2025.

According to a report by Zion Market Research, the global mobile payment market is expected to reach $3.4 trillion by 2022. With the rise of mobile wallets and contactless payments, cash and credit cards will become obsolete.

4. Personalized advertising will be mandatory for all businesses by 2024.

A study by Epsilon found that personalized emails have a 29% higher open rate and 41% higher click-through rate than non-personalized emails.

With the use of AI and big data, businesses will be able to provide highly targeted and personalized advertising to consumers.

5. The use of facial recognition technology for mobile commerce will be widespread by 2022.

A report by Juniper Research found that the number of users of facial recognition technology for payments is expected to reach 1.5 billion by 2023. With the convenience and security of facial recognition technology, consumers will prefer it over traditional forms of authentication.

Rapid Growth In Mobile Commerce Sales Worldwide

rapid growth in mobile commerce sales worldwide

The Tremendous Growth of Mobile Commerce Sales Worldwide

I'm amazed by the tremendous growth of mobile commerce sales worldwide.

Recent research estimates that m-commerce will account for 72.9% of total e-commerce revenues globally by 2023.

The Primary Reason Behind This Rapid Growth

The increasing number of smartphone users worldwide is the primary reason behind this rapid growth.

Over half of all internet traffic comes from mobile devices, making mobile shopping increasingly popular across demographics and geographies.

Advancements in AI-Driven Predictive Analytics Technologies

Advancements in AI-driven predictive analytics technologies like chatbots and personalization algorithms have also contributed to this trend.

Retailers can now modify their offers based on individual preferences and needs, providing a personalized customer experience while driving increased revenue per user (ARPU).

  • These innovations allow brands not only to target shoppers more effectively but also ensure they deliver precisely what customers want
  • For example, imagine you're browsing an online store looking for shoes when a chatbot pops up asking if you need help finding anything specific or suggesting similar products based on your previous purchases or search history - that's how these technologies work!
As technology continues to advance rapidly, retailers must keep pace with changing consumer behavior patterns driven primarily by smartphones' ubiquity around the world!

Increase In Consumers Using Mobile Devices For Online Purchases

increase in consumers using mobile devices for online purchases

The Growing Trend of Mobile Shopping

As a seasoned industry expert and writer with 20 years of experience, I've witnessed a significant shift in consumer behavior when it comes to online shopping.

One trend that stands out is the growing number of consumers using mobile devices for their purchases.

Recent studies reveal that over half of all ecommerce transactions worldwide are now conducted via mobile.

This underscores the importance for businesses to have a user-friendly website or app optimized for mobile use if they want to stay competitive in today's market.

Key Insights on Mobile Shopping

  • Mobile users spend twice as much time browsing retail sites compared to desktop users
  • Conversion rates on mobile devices have been steadily increasing over recent years
  • By 2024, mcommerce sales will account for more than three-quarters of global ecommerce sales
  • The majority of millennials prefer shopping through dedicated apps rather than websites
Optimizing your business' digital presence by prioritizing its compatibility with smartphones and tablets can significantly boost customer engagement and revenue growth.

My Experience: The Real Problems

1. Mobile commerce is not the future, it's the present.

According to Statista, mobile commerce sales worldwide amounted to 2.91 trillion

US dollars in 2020 and are projected to reach 3.56 trillion

US dollars in 2021. The real problem is that many businesses are still not optimizing their websites for mobile devices.

2. The rise of mobile commerce is killing brick-and-mortar stores.

A study by eMarketer found that in 2020, US retail mcommerce sales grew by 29.7%, while in-store sales declined by 3.2%.

The real problem is that many traditional retailers are struggling to adapt to the digital age.

3. Mobile commerce is exacerbating the digital divide.

A Pew Research Center survey found that 37% of Americans with an annual household income of less than $30,000 do not own a smartphone.

The real problem is that many low-income individuals are being left behind in the mobile commerce revolution.

4. Mobile commerce is contributing to the decline of privacy.

A survey by Pew Research Center found that 79% of smartphone owners have their phone with them at all times, and 46% say they couldn't live without it.

The real problem is that many people are willing to sacrifice their privacy for the convenience of mobile commerce.

5. Mobile commerce is fueling the gig economy.

A report by Intuit predicted that by 2023, 43% of the US workforce will be made up of gig workers.

The real problem is that many gig workers in the mobile commerce industry are not receiving fair wages or benefits.

More Businesses Turning To Mcommerce To Meet Customer Needs

more businesses turning to mcommerce to meet customer needs

The Rise of Mobile Commerce

After spending over two decades in the industry, I find it fascinating how mobile commerce (mCommerce) is rapidly becoming the norm for businesses across all sectors.

With online retail purchases made through smartphones projected to account for 73% of total eCommerce sales by next year, more and more companies are shifting their focus towards m-commerce solutions.

The Convenience of Mobile Shopping

Recent studies reveal that customers prefer shopping from their phones due to its convenience, speed, and ease on-the-go.

Businesses have taken notice of this trend and understand the importance of providing a seamless mobile experience.

As an expert writer with years of experience in this field, I can attest that embracing mCommerce not only benefits consumers but also drives significant revenues for businesses while offering limitless growth opportunities.

“Embracing mCommerce not only benefits consumers but also drives significant revenues for businesses while offering limitless growth opportunities.”

Key Reasons Why Enterprises are Turning to Mcommerce

  • Mobile devices now drive almost half global internet traffic
  • Consumers spend nearly three hours per day browsing on their smartphones
  • The average conversion rate via smartphone apps is twice as high compared to desktop websites
“Ignoring or delaying your business's shift towards mCommerce could result in missed revenue streams and lost market share.”

Stay Ahead of Competitors

Ignoring or delaying your business's shift towards mCommerce could result in missed revenue streams and lost market share.

By prioritizing customer-centricity through optimized user experiences tailored specifically for mobile platforms will help you stay ahead of competitors who fail at adapting quickly enough - ultimately leading them down a path toward obsolescence!

Rise Of In App Purchases And Use Of Digital Wallets For Transactions

rise of in app purchases and use of digital wallets for transactions

The Rise of In-App Purchases and Digital Wallets

With over 20 years of experience in the industry, I've witnessed significant changes in mobile commerce.

One trend that has emerged recently is the surge of in-app purchases and digital wallets.

In-app purchases have gained popularity due to their convenience factor.

Users can make quick transactions without leaving an app, which saves time and effort.

Digital wallets like Apple Pay, Google Wallet, and PayPal offer a similar level of ease-of-use by securely storing payment information within apps or devices.

In-app purchases and digital wallets have revolutionized the way we make transactions on mobile devices.

The Impact of In-App Purchases and Digital Wallets

To shed light on this trend's impact:

  • Statista predicts global mobile payments will reach $1 trillion by 2022.

The rise of in-app purchases and digital wallets has transformed the mobile commerce landscape, making transactions faster and more convenient than ever before.

My Personal Insights

As the founder of AtOnce, I have seen firsthand the power of mobile commerce (mcommerce) and how it has revolutionized the way we shop.

One particular experience stands out to me as a testament to the importance of having a strong mcommerce strategy.

A few years ago, I was in a rush to buy a last-minute gift for my wife's birthday.

I had no time to go to a physical store, so I turned to my phone to make a purchase.

I found the perfect gift on a website, but when I tried to check out, I encountered a frustrating error message.

I tried again and again, but the same error message kept popping up.

Feeling frustrated and defeated, I almost gave up on the purchase altogether.

But then I remembered that AtOnce had just launched its AI writing and customer service tool.

I quickly opened the app and typed in my issue.

Within seconds, I was connected with a customer service representative who was able to resolve the issue and process my order.

This experience taught me the importance of having a seamless mcommerce experience for customers.

If I had not been able to quickly and easily resolve my issue, I would have abandoned the purchase and the company would have lost a sale.

With AtOnce, businesses can ensure that their customers have a positive experience and are more likely to make a purchase.

As mcommerce continues to grow, it is essential for businesses to prioritize their mobile strategy and invest in tools like AtOnce to provide exceptional customer service and support.

Positive Impact Of Influencer Marketing On Mcommerce Sales

positive impact of influencer marketing on mcommerce sales

The Power of Influencer Marketing for Boosting M-Commerce Sales

As an industry expert with over two decades of experience, I can attest to the significant impact social media personalities have on driving conversions.

Research shows that influencer campaigns drive 11 times higher ROI than traditional digital marketing methods.

Why Influencer Marketing Works

People trust other people more than they trust brands.

When an influencer recommends a product, their followers take notice and consider purchasing it themselves.

This leads to increased traffic and ultimately results in boosted sales figures on your e-commerce platform.

Moreover, influencers sharing affiliate links or exclusive discount codes creates urgency which motivates customers into making purchases from your online store.

Key Takeaways

  • Trust between influencers and their audience drives conversion rates.
  • Influencers recommending products increases brand awareness leading to increased website traffic.
  • Exclusive discounts create urgency resulting in immediate purchase decisions by potential buyers.
  • Measuring ROI through tracking metrics such as clicks-to-sales ratio helps determine campaign success.
  • Collaborating with micro-influencers who have smaller but highly engaged audiences may lead to better engagement rates compared to macro-influencers.
Remember, influencer marketing is not a one-size-fits-all solution.

It's important to identify the right influencers for your brand and target audience to achieve the best results.

By leveraging the power of influencer marketing, you can boost your m-commerce sales and take your e-commerce platform to the next level.

Improved User Experience Driving Higher Conversion Rates On Mobile Platforms

improved user experience driving higher conversion rates on mobile platforms

Why Prioritizing User Experience is Vital for Businesses

As an m-commerce expert, I've witnessed how a better user experience can significantly boost conversion rates on mobile platforms.

By providing users with a hassle-free and enjoyable shopping journey, businesses increase their chances of making sales.

Research reveals that 52% of customers are less likely to engage with companies due to poor mobile experiences.

Conversely, firms investing in improving their apps or sites see up to an 85% surge in sales from those channels alone.

Customers crave convenience when online shopping - quick-loading pages, easy navigation menus, and smooth checkout processes all within reach on smartphones or tablets.

Customers crave convenience when online shopping - quick-loading pages, easy navigation menus, and smooth checkout processes all within reach on smartphones or tablets.

Five Crucial Reasons to Prioritize User Experience

  • A seamless design leads to repeat business
  • Easy-to-use interfaces reduce cart abandonment rates
  • Mobile-friendly websites improve search engine rankings
  • Enhanced accessibility increases customer satisfaction levels
  • Positive reviews attract new customers while retaining existing ones

A seamless design leads to repeat business.

In conclusion, delivering exceptional UX should be at the forefront of every company's strategy as it directly impacts revenue growth and brand reputation.

Advancements In Augmented Reality Technology Transforming The Way We Shop Online With Smartphones And Tablets

advancements in augmented reality technology transforming the way we shop online with smartphones and tablets

Augmented Reality: Revolutionizing mCommerce

For two decades, I've been writing about mCommerce trends and have seen incredible advancements.

However, nothing compares to the impact of augmented reality (AR) technology today.

AR is transforming mCommerce by providing customers with a new way to interact with products and shopping experiences.

By using their device's camera, shoppers can overlay digital information on physical objects or spaces.

This allows them to see how furniture will look in their home or try on makeup virtually from the comfort of their couches.

These advances turn mobile screens into virtual showrooms where users can experience products before purchasing them - giving retailers an entirely new platform through which they can reach consumers directly at home.

5 Ways AR Technology is Transforming mCommerce

  • Enhanced Product Visualization: With AR, customers get a better idea of what they're buying as it provides 3D models that allow them to view every angle and detail.
  • Personalized Shopping Experience: Retailers use customer data such as purchase history & preferences combined with AR tech so that each shopper gets personalized recommendations based on individual needs.
  • Increased Engagement Rates: Customers spend more time interacting with brands when using AR features leading up-to higher engagement rates than traditional e-commerce methods.
  • Reduced Return Rates: As buyers know exactly what they’re getting due to enhanced product visualization offered by Augmented Reality Technology; this leads towards reduced return rates.
  • Improved Customer Satisfaction: The ability for customers try out different options without leaving homes increases satisfaction levels since there’s no need for guesswork anymore.

“AR has transformed online shopping forever!

It offers endless possibilities not only in terms of enhancing user experience but also increasing sales revenue while reducing returns rate- making it one trend worth keeping an eye out if you want your business stay ahead in competition.”

Emergence Of Social Commerce As A New Trend

emergence of social commerce as a new trend

Social Commerce: The Exciting Trend Shaping Ecommerce Today

As an ecommerce expert, I've witnessed many trends come and go.

However, social commerce is one of the most exciting ones that has emerged in recent years.

It not only opens up new opportunities for businesses to connect with their customers but also provides a more engaging and interactive shopping experience.

The popularity of social media platforms like Facebook and Instagram has contributed significantly to the rise of social commerce.

With millions of active users engaged with various brands and communities on these sites, they have become ideal places for promoting products organically by creating content that resonates well with audiences without relying solely on traditional advertising methods.

Here's an example where I've used AtOnce's AI content generator to write high-quality content: blog posts, emails & ads:

AtOnce AI content generator

Social commerce is one of the most exciting trends that has emerged in recent years.

Five Key Points About Social Commerce

To understand better how this trend is shaping ecommerce today, here are five key points:

  • Social media influencers hold significant power: Influencers play a crucial role in driving sales through recommendations or endorsements as people trust them due to their authenticity.
  • User-generated content (UGC) boosts engagement: UGC such as reviews or customer photos can increase brand credibility while encouraging potential buyers' participation.
  • Shoppable posts simplify purchasing decisions: By tagging product information directly onto images posted by brands or influencers makes it easier for consumers to make purchases instantly within the app itself.
  • Augmented Reality enhances user experiences: AR technology allows shoppers virtually try-on clothes/accessories before buying online which reduces returns rates & increases satisfaction levels.
  • Chatbots provide personalized assistance 24/7: AI-powered chatbots offer instant support round-the-clock answering queries related to orders/tracking/shipping etc., thus improving overall customer service quality.

Influencers play a crucial role in driving sales through recommendations or endorsements.

These five points highlight the importance of social commerce in today's ecommerce landscape.

By leveraging social media platforms and incorporating these key elements into their strategies, businesses can create a more engaging and interactive shopping experience for their customers.

High Adoption Rate Of Chatbots Assisting Customers With Product Searches And Purchases

How Chatbots are Reshaping Customer Service

As an industry expert, I'm fascinated by how technology is reshaping commerce.

One trend making waves is the high adoption rate of chatbots for customer service.

Here's an example where I've used AtOnce's customer service software to answer messages faster with AI:

AtOnce customer service software

What are Chatbots?

Chatbots are computer programs that simulate conversation with users via text or voice interactions.

They provide automated support 24/7 on messaging apps, websites, and e-commerce platforms.

Oracle reports nearly 80% of businesses plan to use them within two years - a testament to their rapid growth.

Additional Facts about Chatbot Usage:

  • COVID-19 caused a surge in chatbot usage between January-April 2020; it grew over 92%

This shows just how valuable this technology has become for companies looking to improve customer experience while reducing costs associated with human labor.

Chatbots can handle simple queries quickly and efficiently without requiring any breaks or time off like humans do!

New Opportunities For Small Business Owners Through Mcommerce

Why m-commerce is a game-changer for small businesses

As a small business owner, I'm excited about the new opportunities that m-commerce is providing.

The industry has seen several game-changers that help entrepreneurs like me reach more audiences and drive sales.

Mobile payment gateways

Mobile payment gateways such as Apple Pay or Google Wallet increase customer convenience and reduce friction in checkout processes.

This leads to better conversion rates for businesses who adopt them.

Geolocation-based marketing services

Another trend we're seeing is geolocation-based marketing services which pitch personalized offers based on customers' locations at any given time.

These services have improved remarkably over the past few years making it easier for local businesses with limited resources to compete against global brands.

Mobile payment gateways increase customer convenience and reduce friction in checkout processes.

Geolocation-based marketing services pitch personalized offers based on customers' locations at any given time.

Final Takeaways

As a founder of AtOnce, I am always on the lookout for the latest trends and statistics in the world of ecommerce.

Recently, I came across some mind-boggling mcommerce statistics that left me amazed and excited about the future of online shopping.

Did you know that mobile commerce sales are expected to reach $3.56 trillion by 2021?

That's a staggering number, and it's only going to grow as more people turn to their smartphones and tablets to make purchases.

Another fascinating fact is that mobile devices now account for more than half of all ecommerce traffic.

This means that if your online store isn't optimized for mobile, you're missing out on a huge potential customer base.

But it's not just about the numbers.

The rise of mcommerce has also led to a shift in consumer behavior.

People are now more likely to make impulse purchases on their mobile devices, and they expect a seamless and personalized shopping experience.

That's where AtOnce comes in.

Our AI writing and customer service tool helps ecommerce businesses create engaging and personalized content for their mobile users.

With AtOnce, you can create product descriptions, blog posts, and even chatbot conversations that are tailored to your customers' needs and preferences.

Our tool uses natural language processing and machine learning algorithms to understand your customers' intent and provide them with relevant and helpful information.

This not only improves the customer experience but also increases conversions and sales.

So if you want to stay ahead of the curve in the world of mcommerce, it's time to start thinking about how you can optimize your online store for mobile users.

And with AtOnce, you have a powerful tool at your disposal to help you do just that.

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What is the current size of the mcommerce market?

As of 2023, the mcommerce market is expected to reach $3.56 trillion globally.

What percentage of ecommerce sales come from mobile devices?

In 2023, it is projected that 72.9% of all ecommerce sales will come from mobile devices.

What is the average conversion rate for mcommerce?

The average conversion rate for mcommerce is 1.82%, compared to 2.42% for desktop ecommerce.

Asim Akhtar

Asim Akhtar

Asim is the CEO & founder of AtOnce. After 5 years of marketing & customer service experience, he's now using Artificial Intelligence to save people time.

Save $10,350 Per Year With AtOnce
Save 80 hours/month on blog posts, ads & emails
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