Global Mobile Commerce Market to Reach US$ 12,665.8 Billion by 2032, Impelled by Increasing Adoption of Cashless Payment Methods

March 31, 2021 | Technology & Media

According to the recent report by IMARC Group, titled “Mobile Commerce Market Report by Transaction Type (M-Retailing, M-Ticketing, M-Billing, and Others), Payment Mode (Near Field Communication (NFC), Premium SMS, Wireless Application Protocol (WAP), and Others), Type of User (Smart Device Users, Feature Phone Users), and Region 2024-2032,the global mobile commerce market size reached US$ 1,452.9 Billion in 2023. Mobile commerce, or m-commerce, is a type of e-commerce that includes online commercial transactions conducted through wireless handheld devices, such as tablets and smartphones. It offers in-app purchases of products, bill payments, mobile banking, virtual marketplace apps, and digital wallets, like Apple Pay, Google Pay, Venmo, and Paytm. The money exchange in m-commerce is authorized, initiated, and confirmed by point-of-sale (POS) terminals. These terminals process payments by using the internet or nearfield communications.

Global Mobile Commerce Market Trends:

The global mobile commerce market is primarily being driven by the rapid rise in the number of mobile and internet users. This is further catalyzed by the increasing development of mobile applications for several activities, such as bill payments and fund transfer. Moreover, m-commerce merchants have been incorporating their platforms with several fraud-prevention tools, such as card verification value (CVV), address verification service (AVS), fraud scoring and authentication checks. This, coupled with the onset of coronavirus disease (COVID-19) pandemic that prompted governments of several countries to undertake initiatives to promote digital or cashless payment methods, is creating a positive outlook for the market further. Looking forward, IMARC Group expects the market value to reach US$ 12,665.8 Billion by 2032, growing at a CAGR of 26.4% during 2024-2032.

Market Summary:

  • On the basis of the transaction type, the market has been divided into m-retailing, m-ticketing, m-billing, and others. Amongst these, m-retailing is the most popular transaction type.
  • Based on the payment mode, the market has been segmented into near field communication (NFC), premium SMS, wireless application protocol (WAP), and others.
  • Based on the user, the market has been bifurcated into smart device and feature phone users.
  • On the geographical front, the market is segmented into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa. Currently, Asia Pacific holds the leading position in the market.
  • The competitive landscape of the industry has also been examined, with some of the key players being Inc, Apple Inc., Limited, eBay Inc, Ericsson Inc., Gemalto (Thales Group), Google LLC, International Business Machines (IBM)Corporation, Mastercard Inc., mopay Inc., Netflix, Inc., PayPal Holdings, Inc., SAP ERP, and Visa Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Transaction Type, Payment Mode, Type of User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Inc, Apple Inc., Limited, eBay Inc, Ericsson Inc., Gemalto (Thales Group), Google LLC, International Business Machines (IBM)Corporation, Mastercard Inc., mopay Inc., Netflix, Inc., PayPal Holdings, Inc., SAP ERP, and Visa Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us

30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Mobile Commerce Market to Reach US$ 12,665.8 Billion by 2032, Impelled by Increasing Adoption of Cashless Payment Methods
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-714-6104


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More