US Warms To Mobile Commerce
Red Herring reports on a recent research report by Dan Schatt, a senior analyst at Celent, who has written a report on the future of mobile commerce. In the report, Schatt predicts that the mobile commerce market in 2006 will be worth $24 billion, with Japan and South Korea accounting for nearly 60 percent of the total.
The rise of mobile commerce represents a large opportunity for banks and carriers to either exploit or miss, Mr. Schatt said. If banks cede ground to upstarts like Google on mobile transactions, the forfeited profits could be huge.
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