Mobile Marketing and Sales to Skyrocket by 2015

According to a report from the Mobile Marketing Association (MMA), mobile sales will hit $400 billion by 2015, boasting an annual growth rate of more than 50% between 2010-2015, as reported by Small Business Trends.

Between 2010 and 2013 the amount of money spent by companies on mobile marketing increased more than 4-fold. If the trend holds true, advertisers may be spending up to $20 billion by 2015.

According to the Harvard Business Review (HBR), mobile advertising is no longer just about conversions.