|Mobile Ticketing to Drive m-commerce Market|
Posted: 15-Mar-2005 [Source: businessinfo]
[M-commcerce market projected to grow to $88 billion by 2009, says Businessinfo, fueled by mobile entertainment and ticket purchases.]
London -- A new report offered by Businessinfo.ws: 'Worldwide m-commerce: the next 5-years' shows that revenues from mobile ticketing applications will drive the m-commerce market into an $88 billion industry by 2009. Digital goods such as mobile entertainment (ringtones, games, wallpaper, gambling and so on) will continue to be the largest application for buying and selling via the mobile phone but ticket purchases will also emerge as a major application area by 2007 with revenues totalling $39 billion by 2009, the report estimates.
'Worldwide m-commerce: the next 5-years' reveals that train and bus travel, cinemas and theatres, as well as car parking, will be key ticketing application areas. Mobile users have already started to show interest in ticketing particularly in Europe and Japan. The report also reveals that mobile entertainment transactions will be worth $48bn by 2009; retail Point of Sale (POS) mobile transactions will be slow and be worth only $299 million by 2009; RFID and Infra Red technologies are likely to have major influence on future developments of mobile as a payment device; and that the development of global standards will continue to be slow due to too many industry bodies concentrating on vested interests.'
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