Mobile transactions to hit $300bn by 2013

Analysis of mobile payments forecasts that the gross value of payments made via mobile phone for digital (such as music) and physical goods (such as books) will exceed $300bn globally by 2013.

A region-by-region analysis by Juniper Research found that there is a significant and immediate opportunity for mobile payment services, systems, software and supporting services to underpin the processing of this value of payment transactions by 2013.

With applications and service case studies, the study explores how the mobile phone is developing into a payment tool that will be used by more and more people, more and more often in future.

Report author Howard Wilcox noted: "Merchants in North America and Western Europe are just starting to realise the potential of a mobile web presence as a fourth channel to market.

"Retailers should be evaluating the benefits of the mobile web, and be mindful of the success of regular e-commerce sites in generating sales.

"They need to move quickly to exploit the opportunity presented, and ensure that they maintain ease of use for their customers who are already familiar with web shopping from their PCs".

Highlights from the report include: global annual gross transaction value will grow over five times by 2013.

The ticketing segment will be driven by consumer usage on rail, air and bus networks as well as sports and entertainment events.

This will represent over 40 per cent of the global transaction value by 2013.

The top two regions (Far East and Western Europe) will represent over 60 per cent of the $300bn annual global mobile payment gross transaction value by 2013 for digital and physical goods.

Western Europe is currently dominated by digital goods and services sold via SMS, whereas the Far East and China region (specifically Japan) is already well established in physical goods sales over the mobile web, and has been for a number of years.

The report provides six year regional forecasts of mobile payments for digital and physical goods, providing data on subscriber take-up, transaction sizes and volumes as well as detailed case studies from companies pioneering in this market.

Juniper Research interviewed 37 senior executives across a wide range of vendors and operators.

White papers and further details of the study, 'Mobile Payment Markets: Digital and Physical Goods 2008 - 2013' can be freely downloaded from Juniper Research.

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