Press release
M-Commerce Market Is Booming Worldwide | Ericsson, Mastercard, Paypal
M-Commerce Market
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Summary
Global M-Commerce Market Overview:
M-commerce is the buying and selling of goods as well as services through wireless handheld devices such as smartphones and tablets. As a form of e-commerce, m-commerce allows users to access online shopping platforms without needing to use a desktop PC. Examples of m-commerce include mobile banking, in-app purchasing, virtual marketplace apps like the HTF MIzon mobile app or a digital wallet such as Apple Pay, Android Pay and Samsung Pay.
Market Drivers
Increasing Penetration Rate of Smart Devices
Rising Convergence Between offline & Online Activities
The Increasing Number of Smartphone Users Worldwide
Market Trend
Virtual Reality and Augmented Reality Have Been Popular Buzzwords
Shopping via Mobile Apps
Growing Social Commerce
Intelligent Site Search
Restraints
Dearth of Mobile Friendly Websites May Hamper the Growth of the Market
Opportunities
An Opportunity to Learn & Optimize the Product
Utilization of Device Specific Capabilities
Challenges
Slow Internet Speed in Developing Countries
Competitive Landscape:
Some of the key players profiled in the report are Ericsson (Sweden), Gemalto (Netherlands), Google Inc. (United States), IBM Corp. (United States), Mastercard Inc. (United States), Mopay AG (acquired by Boku, Inc) (Germany), Oxygen8 (United Kingdom), Paypal (United States), SAP SE (Germany) and Visa Inc. (United States). Additionally, following companies can also be profiled that are part of our coverage like 2C2P (Singapore), Credorax (Malta), Cybertonica (United Kingdom), Upstream Systems (United Kingdom), Branding Brand (United States), Kelkoo (United Kingdom) and Depop (United Kingdom). Analyst at HTF MI see United States and United Kingdom Players to retain maximum share of Global M-Commerce market by 2025. Considering Market by Transactions, the sub-segment i.e. M Retailing will boost the M-Commerce market. Considering Market by Devices Type, the sub-segment i.e. Smart Phone will boost the M-Commerce market. Considering Market by Payment Modes, the sub-segment i.e. Near Field Communication (NFC) will boost the M-Commerce market.
On 16 Sept. 2019, MTN and Ericsson have extended their Mobile Money partnership by launching an open API platform in Ghana to give entrepreneurs an opportunity to develop revenue-generating applications. MTN Mobile Money is the most widely used mobile money platform in Ghana. As part of the new agreement, MTN will grant access to third parties to its Mobile Money Access Programming Interface (API) powered by Ericsson Wallet Platform.
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global M-Commerce market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in M-Commerce market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes M-Commerce Companies, Smartphone Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
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Contact US :
Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Unit No. 429, Parsonage Road Edison, NJ
New Jersey USA – 08837
Phone: +1 (206) 317 1218
sales@htfmarketreport.com
Connect with us at LinkedIn | Facebook | Twitter
About Author:
HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the “Accurate Forecast” in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their “Goals & Objectives”.
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