Authors: Aaron McPherson, Leslie Hand, William Stofega

Technology Selection
November, 2012  -  Doc # FIN237814
Number of Pages: 10
Number of Figures: 2

This IDC Financial Insights report presents a worldwide forecast of consumer and business spending over mobile networks from 2012 to 2017. IDC forecasts that by 2017 worldwide purchase volume over mobile devices will exceed $1 trillion. Most of this volume will be in the form of mobile commerce, which includes digital media consumed on the device as well as ecommerce through a mobile Web browser. Although NFC payments are still limited to a few countries in the Asia/Pacific region, we forecast rapid growth driven by handset and point-of-sale terminal upgrades.

According to Aaron McPherson, practice director, Worldwide Payment Strategies at IDC Financial Insights and the lead author of the report, "The growing prevalence of smartphones is enabling a variety of mobile payment methods, which combined are becoming a significant share of global commerce. We expect growth rates to continue to accelerate as consumers and retailers become more comfortable with the technology."

IDC Financial Insights Opinion | In This Study | Situation Overview | Solution Architecture | Future Outlook | Essential Guidance | Learn More