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Global Mobile Commerce Market Report 2021: A Market Valued at $628 Billion in 2020 - Trends, Growth, Opportunity and Forecast to 2026 - ResearchAndMarkets.comThe "Mobile Commerce Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering. The global mobile commerce market reached a value of US$ 628 Billion in 2020. Looking forward, the market to grow at a CAGR of around 34% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor. Mobile 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 (News - Alert) 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. The 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.
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. Key Questions Answered in This Report:
Competitive Landscape: The competitive landscape of the industry has also been examined with some of the key players being
Key Market Segmentation: Breakup by Transaction Type:
Breakup by Payment Mode:
Breakup by Type of User: Breakup by Region:
For more information about this report visit https://www.researchandmarkets.com/r/3l6bbe
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