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Mobile domination: half of all Visa payments will be made by mobile in 2020

The Sunday Times had a specially sponsored section on mobile
business this weekend.  The section gave
some interesting stats that are worth repeating (just in case you didn’t think
mobile payments is big business):

  • 28.2 trillion messages will be sent from mobiles in 2016, up from 15 trillion this year (Source: Juniper Research)
  • 9.4 trillion text messages will be sent in 2016, up from 5.9 trillion today (Source: Informa) –read the interview with the inventor of SMS on the BBC today)
  • 7.7 trillion mobile instant messages will be sent in 2016, up from 1.6 trillion today (Source: Informa)
  • People spend two hours per day consuming media on mobile devices, 81% of which is spent in apps)
  • App downloads will rise from 45 billion in 2012 to 309 billion in 2016, generating almost $75 billion in revenues (Source: Gartner)
  • Mobile connections in Europe will rise to 2.1 billion connections
    by 202, up from 1.3 billion today (Source: GSMA)
  • Mobile connections in the UK will rise to 200 million in
    2020 (Source: GSMA)
  • There are 326 million mobile broadband connections in Europe
    today (Source: GSMA)
  • 61% of UK population use a smartphone against an average 44%
    in Western Europe (Source: IAB)
  • Apple has a 31% market share of smartphones in the UK and 95% of the mobile tablet market (Source: Ofcom)
  • 40% of all retail searches on mobile devices take place on tablet
    computers, even though tablets only represent 10% of the mobile devices market
    (Source: British Retail Consortium)
  • 53 million table devices will be bought by businesses in
    2016, up from 13 million this year (Source: Gartner) – note Barclays Bank is
    implementing the largest iPad rollout of a bank with 8,500 units ordered 
  • 40% of adverts on mobiles are ‘fraudulent’ or accidental
    (Source: Trademob)
  • Revenue from social media will be $16.9 billion in 2012, up
    43% on 2011 (Source: Gartner)
  • 17 billion mobile payment transactions will be made in 2013,
    up from 141 million in 2011)
  • By 2020, half of all payments by Visa will be on mobiles
    (Source: Visa)
  • The USA spent $2.6 billion on mobile marketing this year
  • Britain will spend $1.5 billion on mobiles this Christmas
    (Source: Interactive Media In Retail Group and CapGemini)
  • eBay will process  $10
    billion of mobile payments this year, in terms of global mobile auction sales,
    which is double that of 2011 (Source: eBay))
  • Connected living will create €392 billion in revenues in
    2020 compared with €155 billion today (Source: GSMA))
  • Connected car services will be worth €48 billion in 2020; smart
    cities €46 billion; and mobile health solutions €23 billion (Source: GSMA)

About Chris M Skinner

Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal’s Financial News. To learn more click here...

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