Mobile Commerce Group 13 Jeannette Aleman David Crews Melvin Hibbler Connor Swartout.
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Transcript of Mobile Commerce Group 13 Jeannette Aleman David Crews Melvin Hibbler Connor Swartout.
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Mobile Commerce
Group 13Jeannette AlemanDavid CrewsMelvin HibblerConnor Swartout
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What is Mobile Commerce? Facts & Stats Video – The Impact of Mobile Commerce Mobile Commerce Growth
Pros & Cons Mobile Commerce Trends Mobile Payments Privacy Concerns Mobile Commerce around the world
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What is Mobile Commerce?
The use of wireless handheld devices such as cellular phones and laptops to conduct commercial transactions online
Began in 1997 in Helsinki, Finland Coca-Cola vending machines
Payment from cell phone text message
“Coined” in 1997 by Kevin Duffey Considered “Next-Generation E-
Commerce”
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Fun Facts and Stats
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1.2B People accessing internet from mobileOnline shoppers
51% research online and purchase in store44% research online and purchase online
Black Friday 2012¼ all online shopping done on mobile and tablet
Amazon 2009Customers ordered more than $1B using mobile
Bank of America in 2015Predicts $67.1B in purchases will be made from mobile
devices by European and US shoppers
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The Impact of Mobile Commerce
https://www.youtube.com/watch?v=xGG9ApfuFB8
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Infographic
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Why the drastic increase?
Reasons M-Commerce has grown over the last couple of years?
Increase in SmartphonesConvenienceAffordableMobile Payments
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DisadvantagesAdsThink Apps, Not Ads
Can be expensiveHard to see details in small screensSlow speed at timesSecurity not always protected
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Mobile TrendsPersonalization
High value & appropriate offers are needed to engage customer.
GeotargetingRelevant offers based on location are crucial.
Social Network Channel IntegrationPresence on social media is necessary for
success.
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Mobile Trends Cont.
Narrow Casting ContentTargeting content & messages to a specific
audience.
Rich Media Messaging (RMM)Videos & interactive content are offered to
customers that are optimized for their specific smartphone.
Gamification of Mobile Ads
Users are able to score points or compete with friends.
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Mobile Payments
Apple PaySoftcardGoogle WalletStarbucks Mobile Card
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Information Privacy Concerns4 Different DimensionsData Collection
Concerns over excessive data being collected.Unauthorized access
Concerns over data being accessed by unauthorized people.
Unauthorized secondary useConcerns over personal information accessed
for unintended use.Data accuracy
Concerns about data being protected against accidental errors.
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Outside the U.S.
Latin America leads the way
India with huge increases
China on the riseEurope is on board
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Latin America28.5 Billion by 201522.31 new users
projected in 2016Brazil and Mexico
LeadersFear of crime has helped
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India Mobile CommerceEnhanced 3G penetration
has helped70% of people have smart
phones165 million mobile internet
users71.06 increase 2012-2016
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China & Europe
In 2014, 165% mobile purchases vs. 35.7% computer mapped increase
50% Between 24 and 30Purchases made are 67
seconds faster than PC purchases in Europe(Germany, France, Italy)
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Social Media & Mobile Commerce
Facebook and Twitter have increased M-Commerce by 46% since 2013
Payments triggered through Facebook logins coming soon
May trump PayPal soon
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Conclusion
Mobile Commerce has changed the way the world works with the advancement in phones, banking, and social media. It’s an aspect of daily life for now and for future years.
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References Davis, Michael A. "The Mobile Payment Frontier."
InformationWeek.1328 (2012): 27,28,30-31. ProQuest. Web. 14 Apr. 2015.
Earley, Seth. “Mobile Commerce: A Broader Perspective.” 2014. ITProfessional. 17 February 2015 <computer.org/ITPro>
"Facebook Wants To Power M-Commerce For Others." Marketing Land. N.p., 15 Aug. 2013. Web. 6 Apr. 2015. http://marketingland.com/facebook-wants-your-credit-card-to-streamline-mobile-commerce-55771
Gerstner, Lisa. “A Smart Way To Pay?.” Kiplinger’s Personal Finance 69.1 (2015): 58-60. Academic Search Complete. Web. 7 Apr. 2015.
Hoeppner, Braden. "50 Must-Know Mobile Commerce Statistics and Facts." 50 Must-Know Mobile Commerce Statistics and Facts. Mobify, 4 June 2014. Web. 15 Apr. 2015. http://resources.mobify.com/50-mobile-commerce-stats.html.
"How M-commerce Is Courting Latin America." Mashable. N.p., n.d. Web. 07 Apr. 2015. http://mashable.com/2015/02/03/latin-america-mobile-trends/
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References Cont. Miller, Steven. "Definition of Mobile Commerce." EHow. Demand Media, 12 Mar.
2010. Web. 15 Apr. 2015. http://www.ehow.com/facts_6048811_mobile-commerce-definition.html.
Mobile Commerce Definition | Investopedia. (2011, May 14). Retrieved April 14, 2015, from http://www.investopedia.com/terms/m/mobile- commerce.asp
"Mobile Commerce Trends by Country in 2013." MarketingProfs. N.p., n.d. Web. 3 Apr. 2015. http://www.marketingprofs.com/charts/2013/12259/2013-mobile-commerce-trends-by-country
"Stripe Exec: Soon, E-commerce Will Move to Facebook, Too - CNET." CNET. N.p., n.d. Web. 3 Apr. 2015. http://www.cnet.com/news/stripe-exec-soon-e-commerce-will-move-to-facebook-too/
Sunil, G. (n.d.). For Mobile Devices, Think Apps, Not Ads. Retrieved April 5, 2015, from http://eds.a.ebscohost.com/eds/pdfviewer/pdfviewer?vid=6&sid=4261067d-b975-4751-9935-44fab61417b9@sessionmgr4001&hid=4108
Zhang, Ruidong, Jim Q. Chen, and Ca Jaejung Lee. "MOBILE COMMERCE AND CONSUMER PRIVACY CONCERNS." The Journal of Computer Information Systems 53.4 (2013): 31-8. ProQuest. Web. 14 Apr. 2015.