Growth Drivers of M-Commerce Market 2019 | Competitive Landscape, Business Trends and Effects of COVID 19 Analysis| Telefonaktiebolaget LM Ericsson, Thales Group (Gemalto NV), Google Inc.
The global M-Commerce Market is expected to grow at a steady growth during the forecast period 2019-2029, M-Commerce Market report offers insights into the latest trends. It summarizes key aspects of the market, with a focus on leading key player’s areas that have witnessed the highest demand, leading regions, and applications. Growth in e-commerce and m-commerce sectors has escalated the demand for integrated digital payment methods, which has compelled payment firms such as card networks and payment service providers to develop mobile wallet technology individually or in alliance. For instance, an alliance of U.S. banks launched Zelle, a real-time person-to-person (P2P) wallet that processed about 247 Million payments in 2017 with a year-on-year growth of more than 40-45%. Additionally, global card network companies, Visa and Mastercard have introduced digital wallet services, Visa Checkout, and Masterpass respectively.
It offers qualitative as well as quantitative information regarding the factors, challenges, and opportunities that will define the growth of the market over 2019-2029. The report aims at historical occurrences, talks about the present status of the industry, and also provides valuable forecast information up to 2026. Every organization partaking within the global production of the M-Commerce market products is mentioned during this report, so as to review the insights on cost-effective manufacturing methods, competitive landscape, and new avenues for applications.
This has enhanced B2C relationships and maximized profits for brands. This has also called for increased investments in the mobile platform of e-commerce by foreign markets, as billions of people are using mobile phones across the globe to make online transactions. It is safe to say that 8 out of 10 people in the world are online shoppers, and a majority of them use a smartphone. Key vendors in some low-income countries, as well as untapped regions of the world, have started to digitalize their stores and launch mobile apps. Emerging start-ups also tend to keep up with this ongoing trend. The m-commerce market can be placed in the maturity stage due to the widespread adoption of mobile phones and the significantly large number of people using smart devices for online shopping.
The prime factor driving the global mobile commerce market is the soaring penetration of smartphones and other wireless devices in the world. Recently, with the advent of 5G, the number of internet users has considerably increased and has also added many new subscribers and online shoppers to the existing list. A reduction in overhead costs and elimination of the need for physical presence has increased the number of transactions. Continuous innovations in technology, offering more and more advanced features also contribute significantly to market growth. Low internet speed in a specific area or in an entire nation can greatly hamper its mobile commerce market growth.
Our unique blend of primary and secondary research techniques helped us to acknowledge hidden business opportunities available within the global M-Commerce market, besides collecting significant insights of market participants and obtaining precise market data. It includes several research studies like manufacturing analysis, absolute dollar opportunity, pricing analysis, company profiling, production and consumption analysis, and market dynamics.
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The Major Prominent Players Covered in this Report:
Telefonaktiebolaget LM Ericsson, Thales Group (Gemalto NV), Google Inc., IBM Corporation, Mastercard Inc., Mopay AG, Paypal Holdings Inc., SAP SE, and Visa Inc., among others & More.
By Transaction Type
By Payment Mode
Near Field Communication (NFC)
Wireless Application Protocol (WAP)
Direct Carrier Billing
Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for M-Commerce in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global M-Commerce market during the forecast period 2019-2029. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of M-Commerce and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of M-Commerce. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.
View this report with a detailed description and TOC @ https://straitsresearch.com/report/m-commerce-market/toc
Recent Developments -
In April 2019, Ericsson, a digital technologies leader, strengthened its partnership with ABB, to develop an industrial ecosystem for wireless automation. The partnership aimed at enhancing connected services, Industrial IoT, and Artificial Intelligence technologies.
Key Questions Answered in The Report:
What will the M-Commerce market growth rate?
What are the key factors driving the global M-Commerce market?
Who are the key manufacturers in the M-Commerce market space?
What are the market opportunities, market risk, and market overview of the M-Commerce market?
What are sales, revenue, and price analysis of top manufacturers of the M-Commerce market?
Who are the distributors, traders, and dealers of the M-Commerce market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the M-Commerce Industry?
What are sales, revenue, and price analysis by regions of M-Commerce industry?
What are the driving factors contributing to market growth during the short, medium, and long term?
Key M-Commerce Market Trends:
- The report identifies, determines, and forecasts the Global M-Commerce Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the M-Commerce Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global M-Commerce Market.
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