Mobile Commerce(M-Commerce) Market Scope
Mobile commerce (m-commerce) is a type of e-commerce in which goods and services are purchased and sold using wireless handheld mobile devices. Mobile phones, smartphones, smartwatches, tablets, and netbooks are all included. M-commerce enables users to gain access to online shopping platforms without the use of a desktop computer. Mobile banking, in-app purchases, virtual marketplace apps like the Amazon mobile app, and digital wallets are all examples of m-commerce.
|Unit||Value (USD Million)|
|Key Companies Profiled||Telefonaktiebolaget LM Ericsson (Sweden), Thales Group (Gemalto NV) (France), IBM Corporation (United States), Mastercard Inc. (United States), Visa Inc. (United States), Paypal (United States), SAP SE (Germany), Upstream Systems (United States), 2C2P (Singapore) and Rezolve Limited (United Kingdom)|
The market for Mobile commerce (m-commerce) is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Mobile Commerce(M-Commerce) market throughout the predicted period.
Telefonaktiebolaget LM Ericsson (Sweden), Thales Group (Gemalto NV) (France), IBM Corporation (United States), Mastercard Inc. (United States), Visa Inc. (United States), Paypal (United States), SAP SE (Germany), Upstream Systems (United States), 2C2P (Singapore) and Rezolve Limited (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Credorax (Malta), Cybertonica (United Kingdom), Upstream Systems (United Kingdom), Branding Brand (United States) and Depop (United Kingdom).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Mobile Commerce(M-Commerce) market by Type , by Application (Financial services, Telecommunications, Service and retail and Information services) and Region with country level break-up.
On the basis of geography, the market of Mobile Commerce(M-Commerce) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2021.
On 17 December 2021, Rezolve, a leader in mobile commerce and engagement, announced today that it has entered into a definitive business combination agreement with Armada Acquisition Corp. a publicly traded special purpose acquisition company. Upon closing of the transaction, the combined company’s shares are expected to trade on the NASDAQ under the ticker symbol “ZONE”.
Mobile Commerce(M-Commerce) Market Dynamics:
|Trends Influencing Market|
- Voice shopping is the next big trend and is shaping the future of m-commerce
- Dearth of Mobile Friendly Websites
- Security Issue Associated with Mobile Commerce
- Slow Internet Speed in Developing Countries
- Lack of Awareness among the Underdeveloped Countries
- An Opportunity to Learn & Optimize the Product
- The Increasing Number of Smartphone Users Worldwide
Key Target AudienceNew Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others