Mobile Commerce Market Transforming the Future of Retail Overview and Growth Analysis 2023 to 2030 | Ericsson Inc, Thales Group (Gemalto NV), Target Corporate, PayPal

The Market for Mobile Commerce worldwide, which was valued at USD 267.84 billion in 2022, is anticipated to expand at a CAGR of 27.0% from 2023 to 2030. The market for mobile commerce is expanding as a result of rising smartphone and tablet use, increased mobile internet access, and rising interest in online buying. The exchange of products and services using wireless handheld devices, such as smartphones and tablets, is known as mobile commerce (or m-commerce). Online shopping on mobile devices, mobile banking, and mobile payments are all included.

The mobile commerce market has grown significantly over the past few years as a result of many developments that have altered how customers shop and transact business. The significant rise in smartphone usage around the world is one of the main development drivers. The need for mobile-based buying and payments is being driven by an increase in consumer access to mobile commerce platforms as smartphone penetration keeps rising. Mobile devices are now more accessible and practical for online shopping because of developments in mobile technology and the spread of high-speed mobile internet. Consumers may now explore products, compare prices, and make purchases on their mobile devices more easily thanks to mobile apps and mobile-optimized websites.

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The Key companies profiled in the Mobile Commerce Market:

The study examines the Mobile Commerce Market's competitive landscape and includes data on Ericsson Inc, Thales Group (Gemalto NV), Target Corporate, PayPal, Visa, MasterCard, IBM, Google, Mopay Inc, Oxygen8, SAP, Amazon, Global Sources, Alibaba Group, Focus Technology, Apple Inc, Gemalto, Staples, Microsoft Corp, ASOS, eBay, Wal-Mart Stores, Zynga, Barnes & Noble, BlackBerry Ltd, Costco Wholesale Corp, Netflix, Office Depot, HC International, Rakuten, Sears Holdings Corp & Others.

Global Mobile Commerce Market Split by Product Type and Applications

This report segments the Mobile Commerce Market on the basis of Types:
by Payment
Near Field Communication (NFC)
Premium SMS
Wireless application protocol (WAP)
Direct Carrier Billing
by Transaction Type
M Retailing
M Ticketing/Booking
M Billing
Other

On the basis of Application, the Mobile Commerce Market is segmented into:
Retail
Reservation/Ticket Booking
Bill Payments
Mobile Wallets
Others

Globally, there are geographical variances in the mobile commerce market, which are driven by things like consumer preferences, internet infrastructure, and rates of smartphone usage. With a big number of smartphone users, a tech-savvy customer base, and a mature e-commerce ecosystem, North America, and specifically the United States, has been a significant market for mobile commerce. Asia-Pacific is another sizable market for mobile commerce, with key participants including China, India, and Japan. The adoption of mobile commerce has been spurred by the area's large population, expanding middle class, and increased internet connectivity. Mobile commerce in Europe is expanding quickly, propelled by nations like the United Kingdom, Germany, and France. The region's robust e-commerce sector and widespread use of cellphones have facilitated the growth.

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Recent changes in the market for mobile commerce: Mobile wallets are digital wallets that keep track of payment details like credit card, debit card, and other on a mobile device. Mobile payments enable customers to use their mobile devices to make purchases by scanning a QR code or entering a PIN. As more and more individuals use their mobile devices to make purchases, the use of mobile wallets and mobile payments is expanding quickly. Popular mobile commerce apps are readily available, including those from Amazon, eBay, and Alibaba. Users of these apps can explore and buy goods from a range of merchants. The rise in popularity of mobile commerce applications is a factor in the expansion of the market.

Cumulative Impact of COVID-19 on Market:
A few countries' economies and territories have suffered as a result of the COVID-19 episode's lockdowns, travel economic sanctions, and friend dismissals. Due to the pandemic, the global market is one of the primary organizations experiencing significant disruptions such as production network disruptions, innovation event abrogations, and work climate terminations. With its presence and substantial unprocessed material suppliers, China is a global contemporary major economic power.

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1.To gain an in-depth understanding of Market
2.To obtain research-based business decisions and add weight to presentations and marketing strategies
3.To gain competitive knowledge of leading market players
4.It gives pin point investigation of changing rivalry elements and keeps you in front of contenders.
5.It helps in settling on educated business choices by having total bits of knowledge of market and by making inside and out investigation of market sections.

Major Points from Table of Contents:
1 Mobile Commerce Market Overview
2 Company Profiles
3 Mobile Commerce Market Competition, by Players
4 Mobile Commerce Market Size Segment by Type
5 Mobile Commerce Market Size Segment by Application
6 North America by Country, by Type, and by Application
7 Europe by Country, by Type, and by Application
8 Asia-Pacific by Region, by Type, and by Application
9 South America by Country, by Type, and by Application
10 Middle East & Africa by Country, by Type, and by Application
11 Research Findings and Conclusion
12 Appendix...

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