Global M Commerce Market Insights, Opportunity Analysis, Market Shares and Forecast, 2016 - 2022
The global M commerce market is estimated to register robust growth in 2016- 2022 and is expected to grow at CAGR of 33.1% during 2016-2022. The M commerce market is segmented on the basis of payment mode, user, transaction and geography. The payment mode segment is segmented into Direct Carrier Billing, Near Field Communication (NFC), Premium Sms and Wireless Application Protocol (WAP). The transaction type segment is also segmented into M billing, M retailing, M ticketing/booking and other M commerce services.
the growing dispersion rate of smart devices, increasing conjunction between offline & online activities is rising the growth in the global M commerce market. Various key players are indulging in various r&d activity to develop M commerce to enhance efficiency which backing up in capturingthe market potential available in the developing economies. Various key players of M commerce are exposing the strategic initiatives to maintain position in the global M commerce market. The increasing mobility across the globe is one of the major factor which is increasing the demand for M commerce in the global market. The growing demand for the smart devices in the world and rising concerns for the digitalization and availability of everything at your figure tips is creating huge growth prospectus in the global M commerce market.
The M Commerce market is majorly driven by the increasing demand for smart devices and smart phones in the world is increasing the scope of M commerce in global market. However, the increasing cyber-attack and security and privacy concerns are hampering the growth in the market. The global M commerce market is having huge opportunities such asto bring new services to current customers and application of device definite capabilities are creating huge opportunities in the forecasted period. The accessibility of huge potential in developing countries is also creating huge growth opportunity in the global market and accumulating the scope of global M commerce market.
On the basis of geography North America, Europe, Asia Pacific and ROW are the major segments. The North America hold the largest market share and dominate in the global marketfollowed by Europe, Asia Pacific and ROW in the global M commerce market. The growth in North America market is majorly driven by the increasing technological advancement and accessibility of high bandwidth in the North American region. Moreover, the growing penetration of smart devices are also injecting huge growth opportunity in the North American M commerce market. The Asia pacific M commerce market is expected to grow with an impressive CAGR during the forecasted period 2016-2022. The growth in the region is mainly driven by massive expenditure done by country such as India and China for the development of new technology in the region that is creating huge growth opportunity for M commerce market in the Asia Pacific region.The Asia Pacific region is also driven by the rising concerns for the digitalization and development of 4G and 5G technology in the region, although, the growing government support for the development of M commerce is also boosting the growth in the Asia Pacific market.
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