M Commerce Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2020 - 2025

 Overview

M Commerce Market is forecast to reach $425 billion by 2025, after growing at a CAGR of 29.84% during 2020-2025. Rising penetration of smartphones and internet and adoption of smartphones for online shopping, as well as banking payments, is set to drive the M-commerce market. Increasing demand for various mobile payment systems such as Apple pay, PayPal one-touch, Visa Checkout, Amazon Pay and  technological advancements in augmented reality (AR) made in the wireless handheld devices gives the benefit of great computing power and this will further enhance the overall market demand for Mobile Commerce during the forecast period.The report covers M Commerce Market size by type and Payment mode, M Commerce Market share by top 5 companies and also the market share by start-ups during the forecast period.

Report Coverage

The report: “M-Commerce Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the M-Commerce Market.



Key Takeaways

  • North America dominates the M-Commerce market owing to high investment from both the public and private sector, and the presence of major players set to propel M-commerce market.
  • The growing trend of NFC payment mode in countries such as China, Japan, France, and U.K. in payment applications majorly in public transport system is set to create opportunities for M-commerce market.
  • Increasing adoption of smartphones, rising internet penetration and adoption of smartphones for online digital transactions and retail shopping are poised to drive the demand of the M-commerce market.
  • Adoption of new technology Augmented Reality (AR) in retail sector by various companies such as IKEA, Converse and others poised to create opportunities for M-commerce market during the forecast period.

Type of Technoogy - Segment Analysis

NFC technology is estimated to grow at a CAGR of over 17.56% during the forecast period. Digital wallets using NFC for contactless card machines include Apple Pay, Samsung Pay and Google Pay and this is consequently set fuel the mobile commerce market. NFC phones can communicate with NFC-enabled card machines using close-proximity radio frequency identification. The mobile phones are not needed to touch the point of sale to transfer money, but they have to be within a few inches of the terminal. NFC involves a direct and instantaneous transfer of encrypted data to point-of-sale devices, as opposed to chip and PIN technology that takes longer to process. For instance, in London, buses and tube stations accept phone payments through NFC where users normally tap the travel card. Likewise in China, NFC is accepted as a means of payment on all public transport system. The residents and visitors of Nice (France) can use NFC to purchase anything. Adoption of NFC mode of payment for transactions is set to drive the M-commerce market.

Transaction Type - Segment Analysis

Mobile retailing has been the primary market for M-Commerce is growing at CAGR of 14.8% in the forecast period due to emergence of mobile payment solutions such as Apple pay, PayPal one-touch, Visa Checkout, Amazon Pay, and others. There has been a growing trend for digital transactions that has paved the way for the use of mobile payment options which set to drive the M-commerce in retail sector. In 2018, PayPal has expanded its operations across approximately 200 countries. Similarly, Amazon Pay that offers cashbacks on transactions conducted through it. These kind of offers and incentives will rapidly create the demand for Mobile retailing sector thereby increasing the demand for M Commerce market. On the other hand growing customer demand for online shopping and high adoption of smartphones for online shopping is set to create opportunities for M-commerce business, thereby driving the market growth.

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Location: United States

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