Because in 2020, there will be a sharp increase in the number of retailers who operate both off and online, mobile commerce growth statistics confirm. 19 Mobile Commerce Statistics E-Tailers Should Know (2020) Conversion Rate Optimization Mobile commerce, also known as m-commerce, is defined as “the buying and selling of goods and services through wireless handheld devices such as smartphones and tablets.” I understand that this is just a fraction of the expected market for AR and VR in the next five years. Mobile Advertising 1. ... U.S. mobile retail commerce revenue 2013-2020. But to get there, we need to start somewhere. With mobile commerce sales expected to hit $2.92 trillion in 2020, ecommerce store owners can no longer afford to neglect the importance of having a mobile-optimized online store to attract customers and grow their business.. That begins with understanding how consumers these days are using their mobile devices. But it’s increased by nearly 15 percent over the last four years. Mobile shopping cart abandonment rates are higher than those for desktop carts. Mobile commerce definitely falls into this category. 27. by Justin Smith, CEO Updated Jan. 2, 2020. (Source: Readycloud) Shopping Cart eCommerce Statistics The time spent in online shops is currently an even split between mobile users and desktop users. Nearly Half (49.2 percent) of E-Commerce Sales Are Made Through Mobile Devices in 2020 (Statista) Online shoppers making purchases through mobile devices is nothing new. Online shopping statistics 2018 show that mobile shopping carts are the most likely to be abandoned, with an 85.65% ditch rate. Global mCommerce revenue is expected to reach $3.56 trillion by 2021 – with an average y-o-y rate of 33.8% []; 67% of the global population owns a mobile phone in 2019. Both take up to 45% of the total time spent in online stores, while tablet users take up only 11%. Mobile eCommerce Stats in 2020 and the Future Online Shopping Trends of mCommerce. [79% of smartphone users have made a purchase online using their mobile … Discover all statistics and data on Mobile commerce in the United States now on statista.com! M-Commerce Statistics Business Insider Intelligence predicts m-commerce volume to rise at a 25.5% compound annula growth rate (CAGR) from 2019 to hit $488.0 billion, or 44% of e-commerce, in 2024. Tablet users have an abandonment rate of 80.74%, only … Top Mobile Commerce Trends in 2020. These trends are also causing ripple effects in a number of related areas: advertising, media usage, and e-commerce, for example. The Latest M-commerce Statistics. 14. 32. As a final reminder that businesses can no longer afford to ignore m-commerce, the data team at BigCommerce analyzed figures and trends across the BigCommerce platform in 2017, in order to highlight just how important mobile commerce is right now. Only 18% of small enterprises and micro-businesses currently have a mobile-friendly website. What follows is a collection of facts, predictions, and statistics for marketers, professionals, and the general public to understand the state of mobile experiences in 2020. Try our corporate solution for free! M-commerce statistics from July 2020 show that out of the 4.17 billion global internet users, more than nine in ten (91 percent) are using their mobile devices to gain access online (DataReportal, 2020). This makes for approximately 3.8 billion people worldwide. I believe that 2020 will be a defining year for AR and VR mobile commerce trends. 44% of internet retail minutes were spent on mobile, with 11% on tablets, and 45% on desktop. So before you get started on making changes to your store, you’ll want to … Rates are higher than those for desktop carts Updated Jan. 2, 2020 statistics 2018 show that mobile shopping eCommerce! 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