Global Mobile Commerce (M-Commerce) Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global M commerce market in its upcoming report titled, “Global M-Commerce Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”. The global M-commerce market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global M-commerce market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global M-commerce market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global M-commerce market report has been segmented on the basis of transaction, payment mode, type of user, and region.
Mobile commerce (M-commerce) means purchasing and selling of goods and services over wireless handheld devices such as smartphones, tablets, laptop, palmtop or other personal digital assistant (PDA). By use of M-commerce, a user can do various tasks such as railway reservation, book movie tickets, pay bills, order books, watch and read news, etc.
Increasing use of portable devices such as tablet, smartphones, and internet enable devices is key a factor driving growth of the global M-commerce market. In addition, development in mobile application structure, improvement in network bandwidth such as introduction of 5G, and availability of goods and services from major players on e-commerce are some other factors expected to drive growth of the global M-commerce market during forecast period.
However, internet connectivity issues in developing countries, and data security threats are key factors restraining growth of the global M-commerce market. Additionally, high development cost associated to M-commerce software, and limited professional workforce are other factor expected to hamper growth of the global M-commerce market over the forecast period.
Increasing adoption of Bring Your Own Device (BYOD), internet enabled devices, and mobile payment systems such as paytm, mobikwik, BHIM, etc. are expected to create opportunities for market players in the global M-commerce market.
North America market is a dominant player in the global M-commerce market and accounts for largest market share in terms of revenue. This is attributed to presence of online retailers such as Walmart, Amazon, and eBay with strong broadband connectivity infrastructure in countries in this region. The market in Asia Pacific is fastest growing market with CAGR XX% over the forecast period, owing to rising adoption of smart phones coupled with increasing shift towards online shopping, and mobile payment systems in emerging economies in this region.
Global Mobile Commerce (M-Commerce) Market Segmentation:
Global M-commerce market segmentation by transaction:
Global M-commerce market segmentation by payment mode:
- Near Field Communication (NFC)
- Premium SMS
- Wireless Application Protocol (WAP)
- Direct carrier billing
Global M-commerce market segmentation by type of user:
- Smart device users
- Feature phones users
Global M-commerce market segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Ericsson Inc.
- Apple Inc.
- PayPal Holdings, Inc.
- Visa Inc.
- MasterCard Incorporated
- International Business Machines Corporation
- Google Inc.
- Oxygen8 Communications Ltd.
- SAP SE
- com, Inc.
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