eMarketer analysts give you their perspective
Jeffrey Grau, Senior Analyst
Mobile Commerce’s Time Has Arrived
It is eye-catching when a consultancy revises a market forecast upward in the midst of an economic downturn. That is exactly what ABI Research did with its forecast of mobile sales of physical goods in North America. In January 2009 it projected m-commerce sales would reach $544 million this year, up 57% over 2008—impressive in its own right. But in late October, ABI upped its forecast, saying sales would top $750 million in 2009, a whopping 117% annual growth rate. M-commerce’s time has arrived, and it is an easy bet that sales in 2010 will pass the $1 billion mark.
Whereas consumers once limited their mobile phone purchases to downloadable ringtones and games, today they are using their devices to buy books, apparel and other items associated with online shopping on a PC.
Retailers Grapple with Measuring Social Commerce
A number of major retailers have established a presence on social media platforms such as Facebook and Twitter. For now, retailers are intent to learn from these experiments and are not too concerned with driving e-commerce sales. Building brand awareness and a solid fan base and generating leads have been deemed sufficient. But in 2010, retailers will become more serious about trying to measure social media’s impact on sales. One question retailers will grapple with is how much a large fan base translates into sales or brand loyalty.
Noah Elkin, Senior Analyst
Mobile: Moving into the Mainstream
Although mobile usage is firmly entrenched among consumers, marketers still view mobile as an emerging channel, hence the long-running (and always unfulfilled) expectations about the “year of mobile.” 2010 promises to be a little different. Aided by a flurry of acquisition activity, an influx of venture capital funding and growing brand adoption in the latter half of 2009, the year ahead will see mobile continue its shift toward the marketing mainstream.
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