Mobile Commerce Market Identifies the Key Drivers of Growth, Demand and Challenges of the Key Industry Players 2026
Looking forward, IMARC Group expects the global mobile commerce market to grow at a CAGR of around 34% during 2021-2026.
Sheridan, United States – August 16, 2021 /MarketersMedia/ —
According to IMARC Group’s latest report, titled “Mobile Commerce Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global mobile commerce market exhibited robust growth during 2015-2020. Mobile commerce (M-commerce) includes a wide range of services, including mobile banking, virtual retail apps, digital wallets, in-app purchases, etc. It is associated with several wireless handheld devices for conducting commercial transactions. The adoption of M-commerce platforms depends upon the availability of point-of-sale (POS) terminals that authorizes, initiates, and confirms the exchange of money by using the internet or nearfield communications.
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The increasing proliferation of wireless handheld devices has augmented the global market for M-commerce. Furthermore, the rising utilization of M-commerce solutions has enabled consumers to make mobile-based payments through digital wallets and online payment gateways. Additionally, the growing awareness towards several benefits of M-commerce, including contactless payments, elimination of card swiping and manual entry, minimal human errors, smoother checkout experience, etc., is also propelling the market growth. Moreover, the rising integration of mobile and wearable devices with several safety features, such as biometrics authentication, facial recognition, etc., will continue to further drive the global market for mobile commerce in the coming years. Looking forward, IMARC Group expects the global mobile commerce market to grow at a CAGR of around 34% during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
com Inc
Apple Inc.
ASOS
eBay
Ericsson Inc.
Gemalto
Google
IBM
Mastercard Inc.
Mopay
Netflix
PayPal
SAP
Visa
Market Segmentation:
Breakup by Transaction Type:
M-Retailing
M-Ticketing
M-Billing
Others
Breakup by Payment Mode:
Near Field Communication (NFC)
Premium SMS
Wireless Application Protocol (WAP)
Others
Breakup by Type of User:
Smart Device Users
Feature Phone Users
Breakup by Region:
North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
Market Performance (2015-2020)
Market Outlook (2021-2026)
Market Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Related Reports by IMARC Group:
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 biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, and nanotechnology industries. We also provide cost model and manufacturing setup project reports through Syndicated Analytics, a subsidiary of IMARC Group.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact Info:
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Source: MarketersMedia
Release ID: 89041798
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