[FURL=https://www.industryarc.com/Research/M-Commerce-Market-Research-501098]M Commerce Market[/FURL] is forecast to reach $425 billion by 2025, after growing at a CAGR of 29.84% during 2020-2025. Rising penetration of smartphones and internet and adoption of smartphones for online shopping, as well as banking payments, is set to drive the M-commerce market. Increasing demand for various mobile payment systems such as Apple pay, PayPal one-touch, Visa Checkout, Amazon Pay and technological advancements in augmented reality (AR) made in the wireless handheld devices gives the benefit of great computing power and this will further enhance the overall market demand for Mobile Commerce during the forecast period.The report covers M Commerce Market size by type and Payment mode, M Commerce Market share by top 5 companies and also the market share by start-ups during the forecast period.Key Takeaways
North America dominates the M-Commerce market owing to high investment from both the public and private sector, and the presence of major players set to propel M-commerce market.
The growing trend of NFC payment mode in countries such as China, Japan, France, and U.K. in payment applications majorly in public transport system is set to create opportunities for M-commerce market.
Increasing adoption of smartphones, rising internet penetration and adoption of smartphones for online digital transactions and retail shopping are poised to drive the demand of the M-commerce market.
Adoption of new technology Augmented Reality (AR) in retail sector by various companies such as IKEA, Converse and others poised to create opportunities for M-commerce market during the forecast period.
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Geography - Segment Analysis
North America dominated the M Commerce market with a share of more than 35%, followed by Europe and APAC. High adoption of new emerging technologies in the U.S. compared to other regions is set to boost the market growth. The major players such as MasterCard, PayPal, Visa Inc, Google, and many other players are headquartered in North America region which set to drive the M-commerce market due to high funding and investments. In 2018, Amazon which has headquarters at U.S. had integrated its M-commerce business with their e-commerce business.
Drivers – M-Commerce Market
· Rising trend for Augmented Reality
· Increasing smartphones and internet penetration
Market Landscape: Technology launches, acquisitions, partnerships and R&D activities are key strategies adopted by players in the M-Commerce market. In 2018, M Commerce Industry outlook has been consolidated by the top five players accounting for 52% of the share. M Commerce top 10 companies include Ericsson, Gemalto (Thales Group), MasterCard, PayPal, Visa Inc., Office Depot Inc., Alibaba Group Holding Ltd., Soft card and among others.
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