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M Commerce Market Size, Share, Trends & Growth, Forecast 2031
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M Commerce Market Size, Share, Trends & Growth, Forecast 2031

Segments - M-Commerce Market by Payment Mode (Near Field Communication (NFC), Wireless Application Protocol (WAP), Premium SMS, and Direct Carrier Billing), Transaction Types (Ticketing, Retailing, and Billing), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031

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Author : Raksha Sharma
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Fact-checked by : V. Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :ICT-SE-514 | 4.9 Rating | 62 Reviews | 165 Pages | Format : PDF Excel PPT

Report Description


M-Commerce Market Outlook

The global M-Commerce market size was valued at USD 340.16 Billion in 2022 and is projected to reach USD 29.2 Trillion by 2031, expanding at a CAGR of 27% during the forecast period 2023 - 2031. The growth of the market is attributed to rising number of tablets, smartphones, and other internet-enabled devices.

M-commerce refers to selling and buying of goods and services through wireless handheld devices such as tablets and smartphones. M-commerce allows users to access online shopping without using desktop computers.

M-Commerce Market Outlook

  • M-commerce minimizes overhead costs and increases transactional efficiency by reducing physical presence and other mediators.
  • Advancement in mobile and wireless technologies is estimated to maximize the number of transactions during the forecast period.
  • Increasing usage of mobile internet and improved bandwidth is projected to fuel the M-Commerce market growth.
  • Growing penetration of smartphones and the union of online and offline activities is anticipated to boost the M-Commerce market during the forecast period.
  • M-commerce offers mobility, which broadens the reach and propels the market.
  • Low speed internet in developing countries is expected to hamper the market growth during the forecast period.
  • Lack of mobile-friendly websites is expected to hinder the  M-Commerce market growth.
  • Information security and high competition in m-commerce sector is estimated to hamper the M-Commerce market growth.

Scope of M-Commerce Market Report

The report on the M-Commerce market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

M-Commerce Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Payment Mode (Near Field Communication (NFC), Wireless Application Protocol (WAP), Premium SMS, and Direct Carrier Billing), Transaction Types (Ticketing, Retailing, and Billing), and Regions

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

IBM, PayPal, Google, MasterCard, Visa, SAP, Ericsson, Mopay, Flipkart, Gemalto, Walmart, Oxygen8, eBay, Amazon, and Jabong

M-Commerce Market Segment Insights:

The near field communication segment is expected to expand at a rapid pace during the forecast period

Based on payment mode, the M-Commerce market is segregated as Near Field Communication (NFC), Wireless Application Protocol (WAP), premium SMS, and direct carrier billing. The near field communication segment is expected to hold a major market share during the forecast period.

The NFC communication technology is widely used in pay terminals using portable devices. Rising demand for efficient government policies and security issues is projected to fuel the market. Increasing development in NFC motivated consumers to make small and large payments using portable devices.

Premium SMS service allows users to access services of third party messaging packages that charge fees. These fees are either for participation in the program or for the content sent to the user’s phone. Multimedia or text messages are received or sent from programs using short codes instead of phone numbers. Adoption and expansion of mobile payments such as digital wallets and usage of apps encouraged non-payment technology firms to enter into payment landscapes, which is anticipated to boost the market.

M-Commerce Market Payments Mode

The retailing segment is expected to expand at a substantial CAGR during the forecast period

On the basis of transaction types, the M-Commerce market is fragmented as ticketing, retailing, and billing. The retailing segment is projected to hold a major market share during the forecast period. Growth of the segment is attributed to rising demand for online shopping in developing and developed countries. M-commerce services are inexpensive and save time as compared to traditional marketing and shopping methods.

Rising adoption of digital transactions increases the use of mobile payments, which in turn drives the M-commerce retail segment. Additionally, increased adoption of smartphones and rising demand for online shopping is expected to fuel the market. Amazon Pay provides cashbacks on transactions above certain amount. These offers are estimated to increase the demand for the M-retailing segment, which in turn drives the M-commerce market.

M-Commerce Market Transactions Types

The market in North America is expected to hold a key market share of the total revenue during the forecast period

In terms of regions, the M-Commerce market share is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Growth of the market in North America is attributed to increasing usage of wireless internet, growth of smartphones and other technology, and presence of several major players in the US.

Moreover, increasing tech-savvy population in the region is expected to drive the M-commerce market. The market in Asia Pacific is projected to expand at a high CAGR during the forecast period, owing to growth in mobile retail activities in developing countries such as China and India.

 

M-Commerce Market Regions

Segments

The global M-Commerce market is segmented on the basis of

Payment Mode

  • Near Field Communication (NFC)
  • Wireless Application Protocol (WAP)
  • Premium SMS
  • Direct Carrier Billing

Transaction Types

  • Ticketing
  • Retailing
  • Billing

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • IBM
  • PayPal
  • Google
  • MasterCard
  • Visa
  • SAP
  • Ericsson
  • Mopay
  • Flipkart
  • Gemalto
  • Walmart
  • Oxygen8
  • eBay
  • Amazon
  • Jabong

Competitive Landscape

Key players in the global M-Commerce market include IBM, PayPal, Google, MasterCard, Visa, SAP, Ericsson, Mopay, Flipkart, Gemalto, Walmart, Oxygen8, eBay, Amazon, and Jabong. In April 2019, Ericsson and ABB, major players in digital industries, collaborated for flexible wireless mechanization.

In March 2019, Mastercard declared acquisition of Ethoca, a worldwide supplier of technology solutions that helps dealers and card issuers to work together in real time to resolve and identify frauds in digital commerce.

 M-Commerce Market Key Players

Frequently Asked Questions

The global M-Commerce Market size was valued at USD 340.16 billion in 2022.

M-Commerce Market is growing at a CAGR of 25% in forecast period.

The M-Commerce Market is studied from 2023 - 2031.

The near field communication segment is expected to hold a major market share during the forecast period.

Growth of the market in North America is attributed to increasing usage of wireless internet, growth of smartphones and other technology, and presence of several major players in the US.

Key players in the global M-Commerce market include IBM, PayPal, Google, MasterCard, Visa, SAP, Ericsson, Mopay, Flipkart, Gemalto, Walmart, Oxygen8, eBay, Amazon, and Jabong.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. M-Commerce Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. M-Commerce Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. M-Commerce Market - Supply Chain
  4.5. Global M-Commerce Market Forecast
     4.5.1. M-Commerce Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. M-Commerce Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. M-Commerce Market Absolute $ Opportunity
5. Global M-Commerce Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. M-Commerce Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global M-Commerce Demand Share Forecast, 2019-2026
6. North America M-Commerce Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America M-Commerce Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America M-Commerce Demand Share Forecast, 2019-2026
7. Latin America M-Commerce Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America M-Commerce Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America M-Commerce Demand Share Forecast, 2019-2026
8. Europe M-Commerce Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe M-Commerce Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe M-Commerce Demand Share Forecast, 2019-2026
9. Asia Pacific M-Commerce Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific M-Commerce Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific M-Commerce Demand Share Forecast, 2019-2026
10. Middle East & Africa M-Commerce Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa M-Commerce Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa M-Commerce Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global M-Commerce Market: Market Share Analysis
  11.2. M-Commerce Distributors and Customers
  11.3. M-Commerce Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. IBM
     11.4.2. PayPal
     11.4.3. Google
     11.4.4. MasterCard
     11.4.5. Visa
     11.4.6. SAP
     11.4.7. Ericsson
     11.4.8. Mopay
     11.4.9. Flipkart
     11.4.10. Gemalto
     11.4.11. Walmart
     11.4.12. Oxy

Methodology

Our Clients

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Dassault Aviation
Deloitte
Nestle SA
Honda Motor Co. Ltd.
Microsoft
FedEx Logistics
The John Holland Group