Report Consultant's analysts forecast the global mobile commerce market is expected to grow at a CAGR of +27% during the forecast period of 2019-2027.
Mobile commerce, also called m-commerce or mcommerce, includes any monetary transaction completed with a mobile device. It is an advance of electronic commerce, which allows people to buy and sell products or services from almost anywhere, simply using a mobile phone or tablet. M-commerce allows users to access online shopping platforms without needing to use a desktop computer. Examples of Mobile Commerce Market include mobile banking, in-app purchasing, virtual marketplace apps like the Amazon mobile app or digital wallets such as Google pay, Apple pay, Android pay and Samsung pay.
Global Mobile Commerce market 2019 study contains data that have been accurately analyzed on the different models and factors influencing the industrial expansion of the global market 2019. An assessment of the impact of current market trends and conditions is also included to provide information on future market expansion. The report provides detailed information on the future impact of various regulations adopted by government in various sectors of the global Mobile Commerce market.
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Top Key Players Covered in Mobile Commerce Market:
Ericsson, Gemalto, Google Inc., IBM Corp., Mastercard Inc., Mopay AG, Oxygen8, Paypal, SAP AG, Visa Inc.
North America, holding the supreme shares, is the leading regional entity from a geographical point of view. The market in North America is responsible for the maximum share in the Global Mobile Commerce Market. Europe, powered by its major countries such as the U.K, France, Germany, Italy, and the rest of it, follows North America with regards to market share in the global market. Asia Pacific is estimated to exceed all other regions with the highest CAGR from 2019 to 2025 where mainly India, China, and Japan are getting a firmer grip on the technological developmental front.
The Global Mobile Commerce Market report has primarily witnessed a shift towards digitization of the grid system and is termed as a major factor contributing towards the growth of the global industry. Technological and population growth are one of the major driving forces for the Global Mobile Commerce Market. They are also huge data networks that are vital for the continuous functioning of various economic sectors. It is now a must-have factor for certain sectors, especially for energy to make sure to have the latest security solutions to avoid risks. The key players are indulging in strategic merger and acquisition activities with their fellow competitors to ease out the cost incurred in research and development activities.
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Mobile Commerce Market Segmentation:
Mobile Commerce Market segment by Type,
Mobile Commerce Market segment by Application,
- Premium SMS
- Near Field Communication (NFC)
- Direct Carrier Billing
- Wireless Application Protocol (WAP)
- Ticketing Services
The major strategies accepted by the established players for a better saturation in the global mobile commerce market also form a key section of this study. These methods can be employed by the upcoming players for a better view in the market. The global market has also been examined in terms of its revenue. Dynamics such as market drivers, restraints and opportunities have been combined and displayed which helps in collecting the statistics on the future growth of the market.
In This Study, The Years Considered To Estimate The Size Of Mobile Commerce Market Are As Follows:
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- History Year: 2015-2018
- Base Year: 2018
- Estimated Year: 2019
- Forecast Year 2019 to 2027