MEF, the global community for mobile content and commerce, today announced the results of its second annual Global Trust Report. The 2014 report, carried out in partnership with AVG Technologies N.V. (NYSE: AVG), analyses data from 10,000 mobile media users in 13 countries in order to examine the industry-wide issues of privacy, transparency and security to identify their impact on mobile content and commerce consumer behaviorsworldwide.
The study found that trust is the number one barrier to the growth of mobile content and commerce with 30 per cent of mobile media users citing it as the single largest obstacle to purchasing goods and services via their mobile device, yet just nine per cent claim to have actually had a negative experience.
Moreover, the issue of consumer trust is growing. This year, 40 per cent named trust as one possible barrier to purchasing via mobile. In 2013, the number was 35 per cent against 27 per cent in 2011. Looking ahead, therefore, a lack of trust will prevent one in two mobile media users from purchasing via their phone by 2015.
In more detail the report identified:
Trust
Privacy
Transparency
Security
Andrew Bud, MEF Global Chair said: “This report shows remarkably few consumers are yet ready to take action regarding their concerns about trust in mobile apps. This should not mislead our industry. With a large and growing majority of consumers expressing concern, the mobile industry cannot afford to be complacent about mobile users’ current tolerance.”
“We are witnessing the emergence of a connected generation which has grown up online and has lower expectations of data privacy. This is in stark contrast to those over 35 years of age who in the survey seemed to be much more worried about new technology and its implications,” explains Yuval Ben-Itzhak, Chief Technology Officer, AVG Technologies.The global report is part of MEF’s on-going activities to champion and advance Consumer Trust in the mobile industry. This was formalised in 2012 through the creation of a member-led Global Privacy in Mobile Applications Initiative which saw the launch of www.AppPrivacy.net in 2013; a free online developer resource that generates a best practice short form privacy policy that delivers the transparency their consumers want.“We describe today’s connected world as ‘The Internet of Things’, meaning devices are increasingly smart and online. It’s not just about how to manage these mobile devices; it’s a personal issue for individuals to retain control of their personal information and a challenge to society as to what the standards should be. The findings of this report are a call to the mobile industry to do more to help consumers keep their connected world simple, safe and private – and to be transparent about it.”
The full MEF Global Consumer Trust 2014 Report is available to members only. Non-members can download a copy of the Executive Summary here.
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