What is Driving M-Commerce

• Exponential growth of consumer interest and adoption of the Internet and e-commerce.
  
• Tremendous growth in mobile telephony; however, voice has become a commodity and will no longer fuel revenue growth for operators.
  
• Development of real-time transfer of data over 2.5G and 3G networks will enable faster data transmission and ‘always-on’ connectivity.
  
• The evolution of the handheld devices incorporating WAP and now GPRS.
  
• Mobile e—commerce market is worth $3.5 billion in 2000 and will grow to over $200 billion by 2005 (Ovum).
  
• Cost of entry into mobile e-commerce is low for most entrants; for example, a bank can implement a sophisticated m-banking solution in under six months for around $1 million.
  
• The unique features of the mobile device such as its compactness for convenience and personalized functions; subsequently, people have become quite attached to their devices.