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Global Mobile Commerce Market Report 2021: A Market Valued At $ 628 Billion In 2020 – Trends, Growth, Opportunities And Forecasts To 2026 – ResearchAndMarkets.com

DUBLIN – (COMMERCIAL THREAD)–The “Mobile Commerce Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2021-2026” report was added to ResearchAndMarkets.com offer.

The global mobile commerce market reached a value of US $ 628 billion in 2020. Going forward, the market is expected to grow at a CAGR of around 34% during 2021-2026.

Bearing in mind the uncertainties of COVID-19, we are continuously monitoring and evaluating the direct and indirect influence of the pandemic on different end-use industries. This information is included in the report as a major contributor to the market.

Mobile commerce, or m-commerce, is a subset of e-commerce that refers to the use of wireless portable devices to conduct business transactions online. It includes mobile banking, in-app purchases, virtual marketplace apps, such as the Amazon mobile app, and digital wallets such as Google Pay, Apple Pay, and Samsung Pay.

It uses wireless devices, such as cell phones, 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 proximity communications or the Internet.

The increasing use of wireless portable devices offering security, convenience and easy access to the Internet has encouraged tech-savvy consumers to make mobile payments through digital wallets and online payment gateways. These methods allow buyers to make contactless payments, eliminating card swiping and manual entry, which helps reduce human errors and facilitate a smoother payment experience.

This trend has been further facilitated by the introduction of several security features in mobile and wearable devices, including biometric authentication such as fingerprint and face recognition, which have made mobile payments more secure. In addition, many service providers work with mobile operators to provide advanced payment solutions.

Along with this, the governments of various countries are taking initiatives to promote digital payment methods, which has a positive impact on the growth of the market. In addition, the growing trend of bringing your own device (BYOD) and increasing broadband connectivity are among the other factors driving the growth of the industry.

Key questions addressed in this report:

  • How has the global mobile commerce market performed so far and how will it perform in the years to come?

  • What are the main regional markets?

  • What has been the impact of COVID-19 on the global mobile commerce market?

  • What is the distribution of the market according to the type of transaction?

  • What is the breakdown of the market according to the method of payment?

  • What is the distribution of the market according to the type of user?

  • What are the different stages of the industry value chain?

  • What are the main factors and challenges for the industry?

  • What is the structure of the global mobile commerce market and who are the major players?

  • How competitive is the industry?

Competitive landscape:

The competitive landscape of the industry was also examined, with some of the major players being

  • Amazon.com Inc

  • Apple Inc.

  • Asos

  • eBay

  • Ericsson Inc.

  • Gemalto

  • Google

  • IBM

  • Mastercard Inc.

  • Mopay

  • Netflix

  • Pay Pal

  • SAP

  • Visa

Key market segmentation:

Breakdown by type of transaction:

  • M-Retail

  • M-Ticketing

  • Mobile billing

  • Others

Breakdown by payment method:

  • Near Field Communication (NFC)

  • Premium SMS

  • Wireless Application Protocol (WAP)

  • Others

Breakdown by user type:

  • Smart device users

  • Feature phone users

Breakdown by region:

  • North America

  • United States

  • Canada

  • Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Others

  • Europe

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Russia

  • Others

  • Latin America

  • Brazil

  • Mexico

  • Others

  • Middle East and Africa

For more information on this report, visit https://www.researchandmarkets.com/r/3l6bbe


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