2. INTRODUCTI
ON mCommerce is no longer playing second fiddle to eCommerce, in-
fact it is trying to overtake eCommerce in terms of sales and
conversions.
Bigger to an estimate of 45% of the total US eCommerce
market, Business Insider reports suggest a striking up-and-up
mCommerce trajectory.
80% of shoppers prefer mobile phones to desktops.
Revenue from mobile eCommerce is estimated to reach a whopping
$669 billion by the end of 2018.
3. TYPES OF
MCOMMERCE Mobile Shopping
Monetary transactions conducted through internet
enabled mobile devices over the wireless telecommunication network when
purchasing goods or services.
Mobile Banking
Mobile banking is a service provided by a bank or other
financial institution that allows its customers to conduct financial transactions
remotely using a mobile device
Mobile Payments
Mobile payment (also referred to as mobile money, mobile
money transfer, and mobile wallet) generally refer to payment services operated
under financial regulation and performed from or via a mobile device.
4. Chatbots are a
delight
TREND #1
Chatbots are capable of responding to the queries of customers.
Buyers can do away with the FAQ section. They need not talk to
customer support representatives.
Chatbots are available 24/7.
Intelligent smart chatbots programmed in AI and machine learning
languages learn about the shopping patterns and behavior of
customers.
The key is to look for those chatbots which can integrate seamlessly
with the likes of Facebook Messenger and Skype.
5. Augmented Reality will dominate
the dominion of mCommerce
TREND #2
When Michio Kaku, the reputed theoretical physicist asserted that
Virtual Reality and Augmented Reality are going to change the digital
shopping experience,
To enhance the shopping experience of customers, retailers are
integrating AR into their physical stores.
IKEA place app was built by using Apple’s iOS 11 ARkit technology.
Guess what, IKEA registered a huge net sales of €35 billion in 2016.
6. Voice search and voice-driven
offerings are gaining momentum
TREND #3
Are you aware that in 2016, Google reported as much as 20% of
queries from voice searches?
Amazon’s Alexa is a timeless masterpiece. Google Home and
Apple HomePod are also becoming the hot favorites of
customers.
The bottom line is to optimize your mobile site and mobile
application for voice-driven queries.
7. Personalized Marketing
never gets old
TREND #4
Personalized marketing entails the systematic use of analytics to track
the purchase history of buyers.
The analytics module should throw insights on the frequently visited
category pages, purchase behavior during offers and discounts etc.
Push notifications and geolocation marketing beacons are used for
personalized marketing.
Hyper personalized marketing campaigns should be conducted across
multiple channels such as emails, Google ads, Social ads, YouTube ads
etc.
8. Adherence to wider range of
regulations is mandatory
TREND #5
Mobile shopping, mobile banking and mobile payments- All the three
have one thing in common: Regulations.
If your mobile site doesn’t comply with the tax laws and regulations
that your products are being shipped to, international trade is
hampered.
Contactless mobile payments have a different set of rules and
regulations when compared to those of closed-loop mobile payments
and carrier payments.
9. TAKEAWAYS
Other trends such as single-click payments, automation,
incorporating explainer videos etc., are also expected to dictate
mCommerce trends.
If you fail to keep yourself abreast of mobile eCommerce trends,
you will fail to fulfill the expectations of your customers.
In this era of smartphones and mCommerce, smartness is an
indispensable asset. Be smart. Stay informed. Stay ahead.