{"product_id":"mobile-commerce-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2023-2028","title":"Mobile Commerce Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028","description":"\u003cp\u003eMobile Commerce Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028\u003cbr\u003e\nMarket Overview:\u003c\/p\u003e\n\n\u003cp\u003eThe global mobile commerce market size reached US$ 1109.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5,867.1 Billion by 2028, exhibiting a growth rate (CAGR) of 31% during 2023-2028.\u003c\/p\u003e\n\n\u003cp\u003eMobile commerce, or m-commerce, is a subset of e-commerce that refers to the use of wireless handheld devices for conducting commercial transactions online. It comprises mobile banking, in-app purchases, virtual marketplace apps, such as the Amazon mobile app, and digital wallets like Google Pay, Apple Pay, and Samsung Pay. It utilizes wireless devices, like cellphones, smartphones, smartwatches, and tablets, to authorize, initiate, and confirm the exchange of money. This is facilitated by the availability of point-of-sale (POS) terminals that process transactions using nearfield communications or the internet.\u003c\/p\u003e\n\n\u003cp\u003eThe increasing usage of wireless handheld devices that offer enhanced security, convenience and easy access to the internet has encouraged tech-savvy consumers to make mobile-based payments through digital wallets and online payment gateways. These methods enable buyers to make contactless payments, thereby eliminating card swiping and manual entry, which helps in reducing human error and facilitating a smoother checkout experience. This trend has further been facilitated by the introduction of multiple safety features in mobile and wearable devices, including biometrics authentication such as fingerprint and facial recognition, which have made mobile payments more secure. Moreover, many service providers are collaborating with mobile operators to offer advanced payment solutions. Along with this, governments of various countries are undertaking initiatives to promote digital payment methods, which is providing a positive impact on market growth. Furthermore, the rising trend of bring-your-own-device (BYOD) and growing broadband connectivity are among the other factors stimulating the growth of the industry.\u003c\/p\u003e\n\n\u003cp\u003eKey Market Segmentation:\u003c\/p\u003e\n\n\u003cp\u003eIMARC Group provides an analysis of the key trends in each sub-segment of the global mobile commerce market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on transaction type, payment mode and type of user.\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Transaction Type:\u003c\/p\u003e\n\n\u003cp\u003eM-Retailing\u003cbr\u003e\nM-Ticketing\u003cbr\u003e\nM-Billing\u003cbr\u003e\nOthers\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Payment Mode:\u003c\/p\u003e\n\n\u003cp\u003eNear Field Communication (NFC)\u003cbr\u003e\nPremium SMS\u003cbr\u003e\nWireless Application Protocol (WAP)\u003cbr\u003e\nOthers\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Type of User:\u003c\/p\u003e\n\n\u003cp\u003eSmart Device Users\u003cbr\u003e\nFeature Phone Users\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Region:\u003c\/p\u003e\n\n\u003cp\u003eNorth America\u003c\/p\u003e\n\n \u003cp\u003eUnited States\u003cbr\u003e\n Canada\u003c\/p\u003e\n\n\u003cp\u003eAsia Pacific\u003c\/p\u003e\n\n \u003cp\u003eChina\u003cbr\u003e\n Japan\u003cbr\u003e\n India\u003cbr\u003e\n South Korea\u003cbr\u003e\n Australia\u003cbr\u003e\n Indonesia\u003cbr\u003e\n Others\u003c\/p\u003e\n\n\u003cp\u003eEurope\u003c\/p\u003e\n\n \u003cp\u003eGermany\u003cbr\u003e\n France\u003cbr\u003e\n United Kingdom\u003cbr\u003e\n Italy\u003cbr\u003e\n Spain\u003cbr\u003e\n Russia\u003cbr\u003e\n Others\u003c\/p\u003e\n\n\u003cp\u003eLatin America\u003c\/p\u003e\n\n \u003cp\u003eBrazil\u003cbr\u003e\n Mexico\u003cbr\u003e\n Others\u003c\/p\u003e\n\n\u003cp\u003eMiddle East and Africa\u003c\/p\u003e\n\n\u003cp\u003eCompetitive Landscape:\u003c\/p\u003e\n\n\u003cp\u003eThe competitive landscape of the industry has also been examined with some of the key players being Amazon.com Inc, Apple Inc., ASOS.com Limited, eBay Inc, Ericsson Inc., Gemalto (Thales Goup), Google LLC, International Business Machines (IBM)Corporation, Mastercard Inc., mopay Inc., Netflix, Inc., PayPal Holdings, Inc., SAP ERP, and Visa Inc.\u003c\/p\u003e\n\n\u003cp\u003eKey Questions Answered in This Report:\u003c\/p\u003e\n\n\u003cp\u003eWhat was the size of the global mobile commerce market in 2022?\u003c\/p\u003e\n\n\u003cp\u003eWhat is the expected growth rate of the global mobile commerce market during 2023-2028?\u003c\/p\u003e\n\n\u003cp\u003eWhat are the key factors driving the global mobile commerce market?\u003c\/p\u003e\n\n\u003cp\u003eWhat has been the impact of COVID-19 on the global mobile commerce market?\u003c\/p\u003e\n\n\u003cp\u003eWhat is the breakup of the global mobile commerce market based on the transaction type?\u003c\/p\u003e\n\n\u003cp\u003eWhat is the breakup of the global mobile commerce market based on the payment mode?\u003c\/p\u003e\n\n\u003cp\u003eWhat is the breakup of the global mobile commerce market based on the type of user?\u003c\/p\u003e\n\n\u003cp\u003eWhat are the key regions in the global mobile commerce market?\u003c\/p\u003e\n\n\u003cp\u003eWho are the key players\/companies in the global mobile commerce market?\u003c\/p\u003e","brand":"Service Industries","offers":[{"title":"May, 2023 \/ 144 Pages \/ MCW16275977","offer_id":47709782081842,"sku":null,"price":2999.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/mobile-commerce-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2023-2028","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}