Abstract: India is
the second largest cellular market in the world after China, with a massive
subscriber base of 867.80 million, as of March 2013. Majority of smartphone users are still on 2G network. Budget 4G smartphones coupled
with affordable plans, can very well drive 4G growth in India. The
most obvious mobile commerce trend is further development. Yearly m-commerce
sales are forecasted to increase fourfold billion in the next few years.
Businesses are beginning to realize that m-commerce is key
to enhance their brand, boost sales, and keep up with competitors.India’s retail market is expected to cross 1.3 trillion USD by 2020 from
the current market size of 500 billion USD. Modern retail with a penetration of
only 5% is expected to grow about six times from the current 27 billion USD to
220 billion USD, across all categories and segments.India is set to witness proliferation of the fourth-generation
wireless data services, or 4G services shortly with slashed data plans. Being
the second largest mobile market in the world, India needs to take its place in
the forefront of providing innovative services and applications to its
citizens. Recent eMarketer study, by the year 2017
more than 25% of all online retail transactions will happen in the mobile
paradigm. Adweek explains that statistic with
information that 18-34 year olds are very likely to use their mobile devices as
a shopping tool. Their process is to visit their favorite retail stores not to
shop but to view a product and compare prices, and then to compare prices at
various online locations using their phones. They then buy the product using
their mobile device. The future looks very bright for mobile commerce, although
businesses are still experimenting with how to use the mobile commerce concept
to their best advantage.
Keywords: m-commerce, trends, future, e –tail