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The global mobile commerce market reached a value of US$ 628 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 34% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Mobile commerce, or m-commerce, is a subset of e-commerce that refers to the use of wireless handheld devices for conducting commercial transactions online. It comprises mobile banking, in-app purchases, virtual marketplace apps, such as the Amazon mobile app, and digital wallets like Google Pay, Apple Pay, and Samsung Pay. It utilizes wireless devices, like cellphones, smartphones, smartwatches, and tablets, to authorize, initiate, and confirm the exchange of money. This is facilitated by the availability of point-of-sale (POS) terminals that process transactions using nearfield communications or the internet.
The increasing usage of wireless handheld devices that offer enhanced security, convenience and easy access to the internet has encouraged tech-savvy consumers to make mobile-based payments through digital wallets and online payment gateways. These methods enable buyers to make contactless payments, thereby eliminating card swiping and manual entry, which helps in reducing human error and facilitating a smoother checkout experience. This trend has further been facilitated by the introduction of multiple safety features in mobile and wearable devices, including biometrics authentication such as fingerprint and facial recognition, which have made mobile payments more secure. Moreover, many service providers are collaborating with mobile operators to offer advanced payment solutions. Along with this, governments of various countries are undertaking initiatives to promote digital payment methods, which is providing a positive impact on market growth. Furthermore, the rising trend of bring-your-own-device (BYOD) and growing broadband connectivity are among the other factors stimulating the growth of the industry.
IMARC Group provides an analysis of the key trends in each sub-segment of the global mobile commerce market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on transaction type, payment mode and type of user.
Breakup by Transaction Type:
Breakup by Payment Mode:
Breakup by Type of User:
Breakup by Region:
The competitive landscape of the industry has also been examined with some of the key players being Amazon.com Inc, Apple Inc., ASOS, eBay, Ericsson Inc., Gemalto, Google, IBM, Mastercard Inc., Mopay, Netflix, PayPal, SAP, Visa, etc.
|Base Year of the Analysis||2020|
|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||Amazon.com Inc, Apple Inc., ASOS, eBay, Ericsson Inc., Gemalto, Google, IBM, Mastercard Inc., Mopay, Netflix, PayPal, SAP and Visa|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
|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)|
Key Questions Answered in This Report:
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