The ability to transmit and receive wireless data is enabling an entirely new type of business. M-commerce, perhaps initially visualized by many as the teenager purchasing a soda using a cell phone in a recent television commercial, is becoming the new way to purchase goods and services, transfer funds, and perform other types of wireless transactions.
The estimates of wireless device pervasiveness grow with the release of each new analyst report. Some industry analysts estimate that the number of wireless devices worldwide will outnumber desktop and notebook computers four to one by 2005. One research firm predicts that 525 million WAP-enabled (wireless application protocol) handsets will be in users' hands as early as 2003. International Data Corporation1 puts the number at 1.3 billion WAP-enabled handsets worldwide by 2004, up from 99 million in 2000.
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