The volume of U.S. mobile payments will reach $90 billion in 2017, a 48 percent compound annual growth rate rom the $12.8 billion worth of mobile purchases in 2012, according to Forrester Research analyst Denée Carrington.
Mobile proximity payments (retail transactions) are currently the smallest category within mobile payments, but Carrington expects it to be the fastest growing category. Proximity payments will reach $41 billion by 2017, making up nearly half of all mobile payments in 2017.
Cross-border remittances using peer-to-peer networks either for bill payment or sending money to other people, will exceed $4 billion in remittance value over the next five years but will fail to achieve the scale of mobile proximity payments or mobile commerce, Carrington forecasts.
Mobile remote payments, which Forrester Research calls “mobile commerce,” represent 90 percent of the mobile payments category and will continue to be the most-dominant category, representing about $45 billion in transaction volume.
Analysts at Gartner in 2012 had a similar range of forecasts.
Wednesday, January 16, 2013
U.S. Mobile Payments in 2017 Equally Split Between Retail an Remote Payments
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
Subscribe to:
Post Comments (Atom)
Will AI Fuel a Huge "Services into Products" Shift?
As content streaming has disrupted music, is disrupting video and television, so might AI potentially disrupt industry leaders ranging from ...
-
We have all repeatedly seen comparisons of equity value of hyperscale app providers compared to the value of connectivity providers, which s...
-
It really is surprising how often a Pareto distribution--the “80/20 rule--appears in business life, or in life, generally. Basically, the...
-
One recurring issue with forecasts of multi-access edge computing is that it is easier to make predictions about cost than revenue and infra...
No comments:
Post a Comment