It’s no secret that mobile devices like smartphones and tablets have exploded in popularity over the last 3 years. Apple has sold nearly 30 million tablets in the last year and a half alone. As users get more accustomed to using the devices to make purchases, the promise of a strong mobile commerce system is finally starting to take form.
Despite the speed in which it is growing, the industry was supposed to be moving faster. The release of the iPhone and Android phones marked a new venture for companies wanting to cash in on the technology by creating apps that could be universally used. Big dreams did not translate into big money early on. Today, it seems to be correcting very nicely.
This infographic by SocialCast breaks down the progress being made on the mobile commerce front, pointing to trends and successes that are giving hope to those who may have started to lose it when their dreams weren’t translating into big bucks a few years ago. Today, there are many bucks to be made in the industry. Who is cashing in?
Click to enlarge.