Mobile Commerce Market to Witness a Pronounce Growth by 2031 The global mobile commerce market is expected to witness massive growth during the forecast period (2021 to 2031). The growth of mobile commerce is directly related to how individuals access the internet. As smartphones become more affordable and high-speed internet is no longer a premium infrastructure in many countries, users are increasingly opting for smaller gadgets for internet browsing. As a result, many companies are embracing mobile commerce on top of existing e-commerce platforms. Smartphones are becoming a common part of everyday life. According to a DataReportal study, there were 5.22 billion unique mobile phone users worldwide in 2021. This equates to two-thirds of the world's population. Approximately 80% of these 5.22 billion people have access to the internet. The majority of the demand comes from China, India, and the United States. Each smartphone owner is a prospective m-commerce user. Thus, there will be a massive demand for m-commerce during the projection period. Request Brochure- https://www.transparencymarketresearch.com/sample/sample.php? flag=B&rep_id=743 Mobile Commerce Market – Competition Landscape The global mobile commerce market has low barrier entry due to the increasing use of digitalization, ecommerce, and m-commerce, which causes people to use these mediums more frequently, providing an enormous opportunity for businesses to enter the market through technological innovation and developments. Some of the major players in the global mobile commerce market include Google Inc., Ericsson, Amazon.com Inc, IBM Corporation, Gemalto (Thales Company), Apple Inc., Visa Inc., Mastercard Inc., Paypal Holding, and SAP SE. Mobile Commerce Market – Trends and Opportunities The overall structure of the IT industry is being reformed, and competition is being increased and varied. The arrival of smartphones has resulted in the formation of numerous IT-related markets, such as the ebook, tablet PC, and notebook markets. The increasing demand for and high penetration of smartphones around the world have prompted users to place a greater emphasis on mobile-based payments and transactions using mobile wallets, which are expected to have a favorable impact on the mobile commerce market. These methods allow purchasers to make contactless payments, which eliminates card swiping and manual entry, decreasing human error and promoting a more seamless checkout experience. During the COVID-19 pandemic, such features encouraged the adoption of mobile commerce. Furthermore, several service providers are working with mobile operators to develop advanced payment solutions. Along with this, governments in various nations are launching measures to promote digital payment methods, which are projected to boost the mobile commerce market. Enquiry Before Buying- https://www.transparencymarketresearch.com/sample/sample.php? flag=EB&rep_id=743
Moreover, the increasing internet penetration in many developing nations is projected to be one of the key reasons driving the mobile commerce market. As per Internet World Stats, the number of internet users worldwide increased from 2,802 million to 4,383 million from 2013 to 2019 due to increased smartphone adoption. Mobile technology has increased internet adoption, strengthening the mobile commerce market by making it available from anywhere on the globe. This will help improve mcommerce, which will positively impact mobile commerce market growth. Get COVID-19 Analysis- https://www.transparencymarketresearch.com/sample/sample.php? flag=covid19&rep_id=743 Mobile Commerce Market – Regional Landscape North America is expected to create significant growth prospects for the worldwide mobile commerce market. The high adoption of new developing technologies in the United States, compared to other areas, is expected to drive the mobile commerce market. North America is home to many major players, including MasterCard, Visa Inc, Google, and PayPal, who are expected to provide lucrative opportunities to the mobile commerce market. The mobile commerce market has been steadily developing in Asia Pacific. In 2016, Asia Pacific had the highest number of mobile internet connections, smartphone users and the highest rate of mobile shopper penetration worldwide. To accommodate this rising demand, businesses are investing in the development of mobile shopping apps and mobile-friendly websites. More Trending Reports by Transparency Market Research – Asset Management IT Solution Market: Information systems in businesses in various sectors need a comprehensive management of assets. The major propositions anchoring the asset management IT solutions market are two-fold. IT assets, including tangible and intangible, have become an intractable part of the entire business strategies, increasingly in the face of sheer pace of digitalization. Growing ownership of high-end mobile computing devices is a key trend bolstering the expansion of the market IT Robotic Automation Market: Robotic process automation (RPA) techniques and tools are extensively being used by end users in the IT robotic automation market to automate a diverse range of corporate processes. Over time, chief information officers (CIOs) in corporations and enterprises have adopted new RPA tools to address various circumstances. Financial services businesses have been early adopters of IT robotic automation, as seen by the use of bots to deliver client value. The prospects were fuelled by the benefits of IT robotic automation for such businesses. About Us Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency
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