Touching The Stars The Phenomenal Future Of Mobile Commerce In 2020 According to current data (january 2020), the mobile phone population has officially overtaken the human population of this planet – there are almost 1 billion more mobile phones than people! that makes it the fastest growing technological phenomenon ever, and it shows no signs of slowing down! in this scenario, the exponentially expanded opportunities for mobile commerce are only to be. This marks a 16.3% increase from the $2.16 trillion recorded in 2023. and the growth doesn’t stop here. statistics predict that mobile commerce sales will soar even higher by 2027, reaching an impressive $3.44 trillion. mobile commerce growth statistics (source) one can attribute several factors to this upward growth.
Touching The Stars The Phenomenal Future Of Mobile Commerce In 2020 Per emarketer’s june 2024 forecast, on average, us mobile phone users will spend just 3 hours and 15 minutes (3:15) per day on their phones in 2024. as smartphone use increases, so too do mcommerce sales. in 2024, us retail mcommerce sales will reach $542.73 billion, and account for 7.4% of total retail sales, according to a february 2024. The global mobile commerce market size is expected to grow from usd 420.2 billion in 2023 to usd 1,709.6 billion by 2028, registering a cagr of 32.4% during the period. mobile commerce sales are expected to account for 6% of all retail sales ($415.93 billion) in 2023. In mid 2019, mobile e commerce spending in the united states reached a smashing $41.2 billion. the total number of us based shoppers who make mobile purchases will reach 168.7 mln. the volume of mobile commerce sales will more than double between 2017 and 2020, reaching $336 billion this year. Looking ahead to 2023, it is projected that retail m commerce sales will represent over 43% of total sales, with an estimated increase to 44% by 2025. with these impressive figures, the potential for mobile commerce growth is undeniable. this growth is fueled by the convenience and accessibility that mobile devices offer to consumers.
Future Of Mobile Commerce Stats Trends For 2020 вђ Infographic Smarther In mid 2019, mobile e commerce spending in the united states reached a smashing $41.2 billion. the total number of us based shoppers who make mobile purchases will reach 168.7 mln. the volume of mobile commerce sales will more than double between 2017 and 2020, reaching $336 billion this year. Looking ahead to 2023, it is projected that retail m commerce sales will represent over 43% of total sales, with an estimated increase to 44% by 2025. with these impressive figures, the potential for mobile commerce growth is undeniable. this growth is fueled by the convenience and accessibility that mobile devices offer to consumers. By 2023, the number of people using mobile payments in the us is expected to rise to 80 million. as of the fourth quarter of 2022, mobile commerce spending in the united states made up 38 percent of overall digital spending. u.s. m commerce is expected to experience a massive cagr of 34.9% between 2020–2026. But based on these trends, smartphone users will be the primary target of m commerce apps in 2024. 3. one click ordering. the shift to shopping from mobile apps will ease the checkout process in 2024. placing an order online has historically required quite a bit of information from the consumer.
Future Of Mobile Commerce Stats Trends For 2020 вђ Infographic Smarther By 2023, the number of people using mobile payments in the us is expected to rise to 80 million. as of the fourth quarter of 2022, mobile commerce spending in the united states made up 38 percent of overall digital spending. u.s. m commerce is expected to experience a massive cagr of 34.9% between 2020–2026. But based on these trends, smartphone users will be the primary target of m commerce apps in 2024. 3. one click ordering. the shift to shopping from mobile apps will ease the checkout process in 2024. placing an order online has historically required quite a bit of information from the consumer.
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