New York, NY, December 23, 2020 (GLOBE NEWSWIRE) – Facts and factors released a new research report called “M-commerce market by payment methods (Premium SMS, wireless application protocol (WAP), communication near (NFC) and direct payment via mobile operator), by type of user (users of significant phones and users of smart devices) and by transactions Retail, M Provisions, M Invoicing, etc.): Global Industry Perspective, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Development, Current Trends and Forecasts, 2020-2026. ”.
According to research, globally M-Commerce market it is estimated at $ 472 billion in 2019 and is expected to reach $ 3,901 billion by 2026. The global M-commerce market is expected to grow at a compound annual growth rate (CAGR) of $ 34.9% from 2019 to 2026.
The global M-commerce market is driven by economic development, technological advancement and growing demand from end-user industries.
Mobile commerce, more popularly known as m-commerce, is a subset of e-commerce. It refers to the completion of commercial transactions online with the help of handheld devices such as a mobile phone or tablet. The term mobile commerce was adopted in 1997 at the Global Mobile Commerce Forum, and the correct wording when defining mobile commerce was “delivering e-commerce capabilities directly into the hands of consumers, anywhere, via wireless technology. Technological developments such as fast processing power, faster internet, advanced smartphone devices and efficient supply chain management have spurred the growth of the m-commerce market. One of the important reasons why mobile commerce is becoming more convenient is because of digital wallets that enable simple and secure transactions.
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• Report Introduction, Review and in-depth analysis of the industry
• Research report of more than 225 pages
• Provide instructions for requesting according to the chapter
• Regional analysis with a graphical representation of size, share and trends
• Includes a list of tables and figures
• The report includes the best players in the market with their business strategy, sales volume and revenue analysis
• Fact and factor research methodology
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Key offers:
- Market size and revenue forecast 2020−2026
- Market dynamics – Leading trends, growth drivers, constraints and investment opportunities
- Market segmentation – detailed analysis by products, types, end users, applications, segments and geography
- Competitive landscape – Top suppliers and other prominent suppliers
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In this age of information, the decision made by an individual is based on the information he possesses and most e-commerce customers do this data mining via handheld devices as a result of which more and more companies are devoting their resources to optimizing mobile website . As for e-retail, it has been observed that more than 50% of customers have access via mobile phones, slightly less than 405 from computers and a very small number from tablets. According to Statistics, American consumers use their mobile devices while shopping in retail stores. They do this for a variety of reasons. 61% of consumers compare prices while in the store, and 63% of them use coupons for mobile apps to shop in the store. In addition, 56% of customers use their mobile devices to view store stocks. There are numerous advantages of m-commerce over e-commerce, although the goal of both is the same. m-commerce allows customers to perform transactions on the go. Location tracking capabilities for m-commerce applications provide location and interest-based content. It helps local businesses target customers through promotional offers and lead customers to their products.
The best players on the market
Some of the leading and leading companies in M-Commerce are 3D Systems Corporation, Ericsson, Gemalto, Google, IBM, MasterCard, Mopay, Oxygen8, PayPal, SAP and Visa, among others.
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M-trade market: growth factors and analysis of key segments
Demand for M-Commerce is expected to boost demand for smartphones. Smartphones are increasingly becoming an ubiquitous part of everyday life. The number of users is close to 3 billion and it is expected that this number will continue to move upwards. Most demand is concentrated in China, India and the US. Every smartphone owner is a potential consumer of m-commerce, so there is a huge demand for m-commerce in the projected period. Another important driver for the m-commerce market is the investment of corporations in the m-commerce platform because of the benefits it offers. M-commerce increases the customer retention rate through various loyalty programs. It is appropriate for consumers to make an informed decision. It allows you to compare prices, view products and make a purchase decision based on that.
Vendor investments in improving the user experience, such as providing a virtual store experience using new VR / AR technology, have become a successful strategy of locking customers and increasing customer loyalty. However, the main challenges in the m-commerce market are the lack of strong cyber security and data theft through a complex attack. The customer experience depends on many stakeholders, so it becomes a challenge to bring synchronization and synergy to many stakeholders in the supply chain. Despite these challenges, the commercialization of 5G and the penetration of the Internet will show numerous possibilities.
Examine the whole “M-commerce market by payment methods (Premium SMS, wireless application protocol (WAP), communication near (NFC) and direct payment via mobile operator), by type of user (users of significant phones and users of smart devices) and by transactions Retail, M Provisions, M Invoicing, etc.): Global Industry Perspective, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Development, Current Trends and Forecasts, 2020 – 2026. “ report on https://www.fnfresearch.com/m-commerce-market
Global M-commerce Market: Payment method analysis
- Premium SMS
- Wireless Application Protocol (WAP)
- Nearby Communication (NFC)
- Direct payment via mobile operator
Global M-commerce Market: User type analysis
- Distinguished phone users
- Smart device users
Global M-commerce Market: Transaction analysis
- M Retail
- M Booking
- M Billing
- The others
The report study further includes a detailed analysis of the market shares of players in the industry and provides an overview of the market position of the leading players in the m-commerce sector. Key strategic developments in the competitive m-commerce market, such as acquisitions and mergers, inauguration of various products and services, partnerships and joint ventures, MoU agreements, WC and financing activities, R&D activities and geographical expansion, among other significant activities of key market players m-stores are appropriately highlighted in the report.
Demand for m-commerce is expected to boost demand for smartphones. Smartphones are increasingly becoming an ubiquitous part of everyday life. Another important driver for the m-commerce market is the company’s investment in the m-commerce platform because of the benefits it offers.
The m-commerce market research report provides an acute assessment and taxonomy of the m-commerce industry by practically dividing the market based on different types, applications, industrial verticals and regions. By analyzing historical and projected trends, all segments and sub-segments were assessed with a bottom-up approach, and different market sizes were projected for FY 2020 to FY 2026.
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M-commerce market: a regional analysis
In terms of geography, the m-commerce market is expected to be driven by regions that have the maximum. Access to smartphones, so North America and the Asia-Pacific region are expected to record significant growth. The European region is also expected to record significant growth due to investment in the m-commerce sector. The Africa and Latin America region is expected to grow thanks to a growing middle-class population.
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Key insights from primary research
- Our primary respondents stated that the increase in smartphone users was driven by the m-commerce consumer, who was driving the global m-commerce market.
- Increasing the investment of retail companies in increasing customer retention rates and increasing consumer convenience to make informed decisions has been vital to market development.
- Based on the method of payment, the direct operator billing segment dominated the global m-commerce market in 2019, accounting for a market share of 40% in 2019.
- In terms of transactions, the m-retail segment held a major share of 45% in the m-commerce market in 2019 and is expected to forecast the highest CAGR over the forecast period.
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