For a few years now, the online industry has been awash with transformation. The commerce industry, too, has undergone changes unlike anything we’ve ever seen before. As the 1980s and 1990s brought us the internet, the 2000s and 2010s has brought us the mobile revolution – and it could be a game changer.
If you are unsure about just how big the mobile commerce industry is already, then read on. This new infographic from the folks at Signal-boosters.co.uk perfectly showcases the size, scale and growth of one of the most important industries the world has ever seen.
The growth of mobile commerce
One of the main reasons for mobile commerce growing at such a rapid rate is the fact that mobile commerce splits into three different platforms. One of them, mobile shopping, is by far and away the largest. Just about all of us will engage in a spot of online shopping today – the ease of buying something as you wait on the train to work is intoxicating.
Then, we have mobile banking. Instead of having to head up to the bank to make a deposit or withdrawal, online banking allows us much more power. You now have the opportunity to easily access mobile money management, dealing with everything from standing orders to fraudulent transactions as you go.
And then we have mobile payments – the ease of which we can pay with items using our smartphones and similar tools. Many stores today will take everything from a direct PayPal link to cryptocurrency: all paid for with a quick flash of your smartphone and simple, easy connectivity.
It’s transformed the way that we do business, and it shows no signs of slowing down. The mobile commerce industry, then, is threefold which helps to explain its exceptional growth.
Why is mobile commerce so big?
One of the main reasons is the ridiculous accessibility of it all. In the past, if you wished to use the internet, you needed an expensive and fully operational PC – you also would need reliable internet connectivity. This would cost hundreds in building or buying a personal computer and then getting it all hooked up to the internet.
This was a huge problem, but today with the internet it’s far less strenuous. A handset and a month-to-month SIM contract with internet access will cost you a fraction of what you would pay for the above. This is why over half of the world population – 55% in fact – have access to the internet as of April 2019. The scale and ease of which we can get online was changed by the development of the mobile industry.
Instead of being a static and expensive solution to view the world from another angle, the internet – and mobile hardware – changed everything. Now, it would be hard to imagine a world without the ability to be online all the time as we go.
So, if you ever wonder if mobile commerce really is as big as they say – now you know. Yes. It is. 100%.
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