With the emergence and long-term Impact of COVID-19, Global M-Commerce Market to reach USD xx Billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global M-Commerce Market points towards a potential rise to USD xx Billion by 2030. M-commerce or “mobile commerce,” refers to the purchase and sale of products and services using mobile devices such as smartphones and tablets. It entails using mobile applications or mobile-optimized websites to perform online transactions, browse items, make payments and access other e-commerce operations. Market grows due to increased smartphone usage, internet penetration, and affordability. Companies are using mobile platforms to expand their customer base and increase profitability. The market is highly competitive, with global players investing heavily and offering promotions. The M-commerce market is expected to continue growing and evolving in the future.
Geographically, the global M-Commerce market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 with largest market share owing to the high internet penetration rates and the tech-savvy environment in the region. Also, rising number of mobile phone user in the region that anticipated to support the market growth. Asia Pacific is expected to fastest growing significantly during the forecast period, owing to the combination of a large population, technological advancements, availability of mobile payment solutions, shifting consumer behavior, and innovative companies has propelled the Asia Pacific region to become the highest growing region in the M-commerce market.
The global M-Commerce market is highly competitive owing to the presence of several key manufacturers such as Telefonaktiebolaget LM Ericsson, Mastercard Inc, IBM Corporation, Apple Inc, SAP SE, Gemalto, Inc, Google Inc, Amazon.com Inc, Visa Inc, PayPal Holding Inc, and others.
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Key findings of the study suggest:
- Global M-Commerce Market is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 2023-2030.
- In the User Type segment, Smart device users emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to high internet penetration in the region.
- Asia Pacific is also expected to grow at higher rate during 2023-2030 owing to rising population in the region.
Bizwit Research & Consulting has considered following segments for the study:
By Transactions:
- M Retailing
- M ticketing/booking
- M billing
- Others
By Payment Mode:
- Near Field Communication
- Premium SMS
- Wireless Application Protocol
- Direct Carrier Billing
By User Type:
- Smart device users
- Feature phone users
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
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