One in 10 merchants worldwide say that a majority of their revenue comes via mobile, a new survey found.
The study, by fraud protection firm Kount, found that the number of merchants who credit mobile for more than 50% of their revenue has ballooned from 3% to 10% since 2015.
Over the same period, the share of merchants earning less than 5% of revenue via mobile has declined sharply, dropping to 20% from 35%.
Over 800 merchants participated in the survey, more than three-quarters of them in North America. About one-third reported annual revenue of more than $500 million. More than 80% of the respondents had been selling online for at least five years.
When asked how important mobile is for growth, 62% rated it very important, and another 31% said it was at least somewhat important. The remainder, 7.1%, said it was not important.
The growth of mobile commerce is certainly dramatic enough to warrant that level of interest and focus. eMarketer expects that US mcommerce sales will jump 34.7% to $153.27 billion this year. And the total is expected to more than double by 2021, reaching $404.29 billion, when it will make up more than half of all ecommerce sales.