The Mobile Commerce Market Size was valued at USD 1185 Billion in 2023 and is expected to reach USD 2138.19 Billion by 2032 and grow at a CAGR of 6.8% over the forecast period 2024-2032.
The Market is rapidly expanding as consumers increasingly shift to mobile platforms for shopping, banking, and financial transactions. Advancements in mobile technology, secure payment systems, and user-friendly experiences are driving this growth, with mobile wallets, NFC, and mobile banking gaining widespread adoption, particularly in emerging markets. The rise of mobile apps in retail, healthcare, and entertainment further expands the market. The integration of AI and AR enhances customer experiences, while the expansion of 5G and smartphone penetration supports continued growth. Stronger security measures are also essential to protect consumer data and ensure regulatory compliance.
The U.S. Mobile Commerce Market size was USD 320.01 billion in 2023 and is expected to reach USD 444.15 billion by 2032, growing at a CAGR of 3.68% over the forecast period of 2024-2032.
The U.S. Mobile Commerce Market is experiencing significant growth as consumers increasingly rely on mobile devices for shopping, banking, and financial transactions. With the rise of mobile payment solutions like digital wallets and contactless payments, businesses are enhancing user experiences to meet evolving consumer demands. The growing adoption of mobile apps across industries such as retail, entertainment, and healthcare has further expanded the market. Additionally, advancements in mobile technology, including improved security measures and faster networks, are driving this shift toward mobile-centric commerce. The U.S. market is expected to continue thriving as mobile commerce becomes an integral part of everyday transactions.
Increasing Adoption of Mobile Payments and Digital Wallets is Driving the Mobile Commerce Market’s Growth
The growing popularity of mobile payments and digital wallets is one of the primary drivers behind the expansion of the Mobile Commerce Market. With the widespread adoption of smartphones, consumers now prefer to make payments via mobile apps, offering convenience and speed. Mobile wallets like Apple Pay, Google Pay, and Samsung Pay enable users to store payment details and complete transactions with just a tap. This shift from traditional payment methods to digital payment solutions is gaining traction, particularly in regions with high smartphone penetration and robust internet connectivity.
Additionally, mobile commerce apps are providing enhanced security measures such as biometric authentication and tokenization, which further build consumer trust in mobile payments. As consumers increasingly choose mobile-based transactions for shopping, banking, and other services, the market is poised for substantial growth in the coming years.
Concerns over Data Privacy and Security Impeding Growth of the Mobile Commerce Market
Despite the rise in mobile commerce adoption, concerns regarding data privacy and security remain a significant restraint to the market's full potential. The increased use of mobile devices for financial transactions and personal data sharing exposes consumers to security threats like data breaches, identity theft, and fraud. The lack of strong data protection policies and the vulnerability of some mobile platforms to cyberattacks can deter users from fully embracing mobile payment solutions.
Furthermore, regulatory challenges related to data privacy, such as GDPR and other regional compliance requirements, may also hinder the market's growth. To address these concerns, businesses must prioritize robust security measures, implement encryption protocols, and ensure that their systems comply with regulatory standards. Failure to adequately safeguard consumer data could significantly impede the overall progress of the mobile commerce industry.
Integration of Artificial Intelligence and Augmented Reality Enhances the Mobile Commerce Experience
The integration of Artificial Intelligence (AI) and Augmented Reality (AR) presents a major opportunity for the Mobile Commerce Market to innovate and expand. AI-powered technologies like personalized recommendations, virtual assistants, and chatbots enhance customer experiences, making it easier for users to find products, receive support, and make decisions.
Meanwhile, AR allows consumers to visualize products in real-time, offering an interactive and immersive shopping experience. For instance, consumers can try on clothing virtually or view how furniture will fit in their homes. This not only drives engagement but also reduces the uncertainty in online shopping, encouraging more purchases. Additionally, AI can optimize mobile commerce platforms by analyzing customer behavior and providing tailored advertisements. As AR and AI continue to evolve, mobile commerce platforms are expected to leverage these technologies to provide a seamless, futuristic shopping experience that can significantly boost market growth.
Regulatory Compliance and Adherence to Data Protection Laws Challenge Mobile Commerce Market Growth
The Mobile Commerce Market is the complex landscape of regulatory compliance and the need for adherence to data protection laws. With mobile commerce involving sensitive consumer data, businesses must navigate a range of privacy laws and regulations, such as GDPR in Europe and CCPA in California. These regulations set strict guidelines for how businesses collect, store, and use personal data, which can be both costly and time-consuming to implement.
Additionally, the fast-paced nature of mobile commerce often leads to new privacy concerns, requiring companies to stay up to date with changing laws and industry standards. Non-compliance with data protection regulations can result in significant financial penalties, reputational damage, and loss of consumer trust. Therefore, businesses must prioritize data protection, invest in compliance measures, and stay proactive in meeting regulatory demands to ensure the sustainable growth of the mobile commerce market.
By Transaction type
The M Retailing segment, which accounted for 45% of the mobile commerce market revenue in 2023, is a dominant force within the market, driven by the increasing shift of consumers toward mobile shopping platforms. This segment includes a wide range of retail activities, such as browsing, purchasing, and product discovery via mobile apps or websites. Additionally, many companies have launched innovative mobile retail solutions to enhance user experience, such as AI-powered chatbots, AR try-ons, and personalized recommendations.
For instance, Amazon's AR shopping feature allows customers to view products in 3D before purchasing, making mobile retailing even more immersive. The integration of mobile payment gateways, mobile wallets, and social media platforms into the retail experience has further driven consumer engagement.
The M Billing segment is growing at the fastest CAGR of 7.91% during the forecasted period, driven by increasing mobile payment solutions, subscription services, and digital invoicing. With consumers increasingly adopting mobile payments, the ability to pay bills via smartphones has become more seamless and efficient, leading to the growth of this segment. Several companies, such as PayPal, Google Pay, and Apple Pay, have expanded their mobile billing solutions to integrate utility bill payments, subscription services, and peer-to-peer transactions.
Furthermore, with the increase in digital transformation, businesses are also focusing on enhancing their mobile billing infrastructure to allow consumers to access billing details and make payments via their smartphones. The integration of QR code payments and mobile invoicing solutions is accelerating the demand for M Billing services. As more industries embrace mobile-first solutions, this segment is expected to thrive, further solidifying mobile commerce as a dominant force in consumer transactions.
By Payment Mode
The Near-field communication (NFC) segment holds the largest share in the mobile commerce market, accounting for 40% of the revenue in 2023. NFC technology enables secure, contactless communication between mobile devices and payment terminals, making it a key enabler of mobile payments and digital wallet solutions. This payment method is widely adopted by global leaders such as Apple, Google, and Samsung, with their respective mobile payment systems Apple Pay, Google Pay, and Samsung Pay, offering NFC capabilities. The growing trend of contactless payments, particularly in urban areas, has made NFC a dominant force in mobile commerce. NFC enables quick, secure, and efficient transactions, enhancing the consumer experience, and is particularly popular in sectors such as retail, transportation, and hospitality. In response to this demand, companies have continually innovated their NFC offerings.
For example, in 2023, Mastercard launched its NFC-based contactless payment solution, designed for small merchants to offer seamless mobile transactions.
Additionally, NFC technology is being integrated into wearable devices, such as smartwatches and fitness trackers, expanding the usability of mobile payments. With advancements in NFC and increasing smartphone penetration globally, this segment is expected to continue growing, driving the mobile commerce market forward.
In 2023, North America dominated the Mobile Commerce Market, holding the largest market share. This dominance is driven by a combination of technological advancements, high smartphone penetration, and a robust digital payment infrastructure. The region, particularly the U.S. and Canada, is a leader in mobile payment adoption, with mobile wallets like Apple Pay, Google Pay, and Samsung Pay gaining widespread popularity among consumers.
Additionally, mobile commerce in the region is fueled by the growing trend of mobile shopping, supported by e-commerce giants like Amazon and Walmart, who have optimized their platforms for mobile devices. Consumer behavior shifts toward mobile-first purchasing and financial services, alongside the increasing use of mobile devices for on-the-go payments, further solidify North America's leadership. In 2023, North America captured around 38% of the global market share, making it the leading region in terms of both transaction volume and innovation in mobile commerce technologies.
Asia Pacific is the fastest-growing region in the Mobile Commerce Market, with an estimated CAGR of about 11.24% during the forecast period from 2024 to 2032. This rapid growth is driven by the region's increasing adoption of smartphones, the rise of digital payments, and advancements in mobile technology. Countries like China, India, and Japan have seen massive growth in mobile commerce due to the digital transformation of their economies.
For instance, China's mobile payment platforms, such as Alipay and WeChat Pay, dominate the market and have become deeply integrated into daily consumer life, influencing other nations in the region.
India has also witnessed a surge in mobile commerce driven by the government's push for digital payment systems, exemplified by the success of UPI (Unified Payments Interface). Furthermore, the growing middle-class population in emerging economies and the increasing availability of affordable smartphones are boosting mobile commerce in the region. As mobile payment systems, digital wallets, and e-commerce platforms continue to evolve in Asia Pacific, the region is expected to maintain its rapid growth, solidifying its position as the fastest-growing market globally.
Telefonaktiebolaget LM Ericsson (Ericsson Wallet Platform, Ericsson Charging System)
Thales Group (Thales Digital Platform, eSIM as a Service)
Google Inc. (Google Pay, Google Wallet)
IBM Corporation (IBM Digital Commerce, IBM MobileFirst Platform)
Mastercard Inc. (Masterpass, Mastercard Send)
Mopay AG (Mopay Mobile Payment Platform, Mopay Merchant Services)
Oxygen8 (Oxygen8 Mobile Payments, Oxygen8 Interactive Messaging)
Paypal Holdings Inc. (PayPal Zettle Terminal, Venmo)
SAP SE (SAP Commerce Cloud, SAP Customer Experience)
Visa Inc. (Visa Checkout, Visa Token Service)
In November 2023, Ericsson announced a €500 million private placement of non-convertible green bonds maturing in May 2028. This funding aims to support Ericsson's initiatives in enhancing mobile commerce infrastructure, particularly through the deployment of 5G technology and the development of sustainable digital solutions.
In August 2024, Thales expanded its collaboration with L&T Technology Services to integrate the Thales Sentinel software monetization platform. This partnership enables customers to adopt flexible licensing models, including subscriptions and usage-based pricing, thereby facilitating innovative business models in the mobile commerce sector.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 1185 Billion |
| Market Size by 2032 | US$ 2138.19 Billion |
| CAGR | CAGR of 6.8 % From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Transaction Type (M Retailing, M Ticketing/Booking, M Billing, Other Transaction Types) • By Payment Mode (Near Field Communication (NFC), Premium SMS, Wireless Application Protocol (WAP), Direct Carrier Billing, Other Payment Modes) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Telefonaktiebolaget LM Ericsson, Thales Group, Google Inc., IBM Corporation, Mastercard Inc., Mopay AG, Oxygen8, Paypal Holdings Inc., SAP SE, and Visa Inc. |
Ans: The Mobile Commerce Market is expected to grow at a CAGR of 6.8% during 2024-2032.
Ans: The Mobile Commerce Market size was USD 1185 billion in 2023 and is expected to reach USD 2138.19 billion by 2032.
Ans: The major growth factor of the Mobile Commerce Market is the widespread adoption of smartphones and mobile payment solutions enabling seamless, on-the-go transactions.
Ans: The M Retailing segment dominated the Mobile Commerce Market.
Ans: North America dominated the Mobile Commerce Market in 2023.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.2 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Internet and Mobile Broadband Penetration (2023)
5.2 Security and Fraud Statistics
5.3 AI & AR Integration in Mobile Commerce (2023)
5.4 5G Penetration and Impact on M-Commerce
6. Competitive Landscape
6.1 List of Major Companies By Region
6.2 Market Share Analysis By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Mobile Commerce Market Segmentation By Transaction Type
7.1 Chapter Overview
7.2 M Retailing
7.2.1 M Retailing Market Trends Analysis (2020-2032)
7.2.2 M Retailing Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 M Ticketing/Booking
7.3.1 M Ticketing/Booking Market Trends Analysis (2020-2032)
7.3.2 M Ticketing/Booking Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 M Billing
7.4.1 M Billing Market Trends Analysis (2020-2032)
7.4.2 M Billing Market Size Estimates and Forecasts to 2032 (USD Billion)
7.5 Other Transaction Types
7.5.1 Other Transaction Types Market Trends Analysis (2020-2032)
7.5.2 Other Transaction Types Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Mobile Commerce Market Segmentation By Payment Mode
8.1 Chapter Overview
8.2 Near Field Communication (NFC)
8.2.1 Near Field Communication (NFC) Market Trends Analysis (2020-2032)
8.2.2 Near Field Communication (NFC) Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Premium SMS
8.3.1 Premium SMS Market Trends Analysis (2020-2032)
8.3.2 Premium SMS Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Wireless Application Protocol (WAP)
8.4.1 Wireless Application Protocol (WAP) Market Trends Analysis (2020-2032)
8.4.2 Wireless Application Protocol (WAP) Market Size Estimates and Forecasts to 2032 (USD Billion)
8.5 Direct Carrier Billing
8.5.1 Direct Carrier Billing Market Trends Analysis (2020-2032)
8.5.2 Direct Carrier Billing Market Size Estimates and Forecasts to 2032 (USD Billion)
8.6 Other Payment Modes
8.6.1 Other Payment Modes Market Trends Analysis (2020-2032)
8.6.2 Other Payment Modes Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Regional Analysis
9.1 Chapter Overview
9.2 North America
9.2.1 Trend Analysis
9.2.2 North America Mobile Commerce Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.2.3 North America Mobile Commerce Market Estimates and Forecasts, By Transaction Type (2020-2032) (USD Billion)
9.2.4 North America Mobile Commerce Market Estimates and Forecasts, By Payment Mode (2020-2032) (USD Billion)
9.2.5 USA
9.2.5.1 USA Mobile Commerce Market Estimates and Forecasts, By Transaction Type (2020-2032) (USD Billion)
9.2.5.2 USA Mobile Commerce Market Estimates and Forecasts, By Payment Mode (2020-2032) (USD Billion)
9.2.6 Canada
9.2.6.1 Canada Mobile Commerce Market Estimates and Forecasts, By Transaction Type (2020-2032) (USD Billion)
9.2.6.2 Canada Mobile Commerce Market Estimates and Forecasts, By Payment Mode (2020-2032) (USD Billion)
9.2.7 Mexico
9.2.7.1 Mexico Mobile Commerce Market Estimates and Forecasts, By Transaction Type (2020-2032) (USD Billion)
9.2.7.2 Mexico Mobile Commerce Market Estimates and Forecasts, By Payment Mode (2020-2032) (USD Billion)
9.3 Europe
9.3.1 Eastern Europe
9.3.1.1 Trend Analysis
9.3.1.2 Eastern Europe Mobile Commerce Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.3.1.3 Eastern Europe Mobile Commerce Market Estimates and Forecasts, By Transaction Type (2020-2032) (USD Billion)
9.3.1.4 Eastern Europe Mobile Commerce Market Estimates and Forecasts, By Payment Mode (2020-2032) (USD Billion)
9.3.1.5 Poland
9.3.1.5.1 Poland Mobile Commerce Market Estimates and Forecasts, By Transaction Type (2020-2032) (USD Billion)
9.3.1.5.2 Poland Mobile Commerce Market Estimates and Forecasts, By Payment Mode (2020-2032) (USD Billion)
9.3.1.6 Romania
9.3.1.6.1 Romania Mobile Commerce Market Estimates and Forecasts, By Transaction Type (2020-2032) (USD Billion)
9.3.1.6.2 Romania Mobile Commerce Market Estimates and Forecasts, By Payment Mode (2020-2032) (USD Billion)
9.3.1.7 Hungary
9.3.1.7.1 Hungary Mobile Commerce Market Estimates and Forecasts, By Transaction Type (2020-2032) (USD Billion)
9.3.1.7.2 Hungary Mobile Commerce Market Estimates and Forecasts, By Payment Mode (2020-2032) (USD Billion)
9.3.1.8 Turkey
9.3.1.8.1 Turkey Mobile Commerce Market Estimates and Forecasts, By Transaction Type (2020-2032) (USD Billion)
9.3.1.8.2 Turkey Mobile Commerce Market Estimates and Forecasts, By Payment Mode (2020-2032) (USD Billion)
9.3.1.9 Rest of Eastern Europe
9.3.1.9.1 Rest of Eastern Europe Mobile Commerce Market Estimates and Forecasts, By Transaction Type (2020-2032) (USD Billion)
9.3.1.9.2 Rest of Eastern Europe Mobile Commerce Market Estimates and Forecasts, By Payment Mode (2020-2032) (USD Billion)
9.3.2 Western Europe
9.3.2.1 Trend Analysis
9.3.2.2 Western Europe Mobile Commerce Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.3.2.3 Western Europe Mobile Commerce Market Estimates and Forecasts, By Transaction Type (2020-2032) (USD Billion)
9.3.2.4 Western Europe Mobile Commerce Market Estimates and Forecasts, By Payment Mode (2020-2032) (USD Billion)
9.3.2.5 Germany
9.3.2.5.1 Germany Mobile Commerce Market Estimates and Forecasts, By Transaction Type (2020-2032) (USD Billion)
9.3.2.5.2 Germany Mobile Commerce Market Estimates and Forecasts, By Payment Mode (2020-2032) (USD Billion)
9.3.2.6 France
9.3.2.6.1 France Mobile Commerce Market Estimates and Forecasts, By Transaction Type (2020-2032) (USD Billion)
9.3.2.6.2 France Mobile Commerce Market Estimates and Forecasts, By Payment Mode (2020-2032) (USD Billion)
9.3.2.7 UK
9.3.2.7.1 UK Mobile Commerce Market Estimates and Forecasts, By Transaction Type (2020-2032) (USD Billion)
9.3.2.7.2 UK Mobile Commerce Market Estimates and Forecasts, By Payment Mode (2020-2032) (USD Billion)
9.3.2.8 Italy
9.3.2.8.1 Italy Mobile Commerce Market Estimates and Forecasts, By Transaction Type (2020-2032) (USD Billion)
9.3.2.8.2 Italy Mobile Commerce Market Estimates and Forecasts, By Payment Mode (2020-2032) (USD Billion)
9.3.2.9 Spain
9.3.2.9.1 Spain Mobile Commerce Market Estimates and Forecasts, By Transaction Type (2020-2032) (USD Billion)
9.3.2.9.2 Spain Mobile Commerce Market Estimates and Forecasts, By Payment Mode (2020-2032) (USD Billion)
9.3.2.10 Netherlands
9.3.2.10.1 Netherlands Mobile Commerce Market Estimates and Forecasts, By Transaction Type (2020-2032) (USD Billion)
9.3.2.10.2 Netherlands Mobile Commerce Market Estimates and Forecasts, By Payment Mode (2020-2032) (USD Billion)
9.3.2.11 Switzerland
9.3.2.11.1 Switzerland Mobile Commerce Market Estimates and Forecasts, By Transaction Type (2020-2032) (USD Billion)
9.3.2.11.2 Switzerland Mobile Commerce Market Estimates and Forecasts, By Payment Mode (2020-2032) (USD Billion)
9.3.2.12 Austria
9.3.2.12.1 Austria Mobile Commerce Market Estimates and Forecasts, By Transaction Type (2020-2032) (USD Billion)
9.3.2.12.2 Austria Mobile Commerce Market Estimates and Forecasts, By Payment Mode (2020-2032) (USD Billion)
9.3.2.13 Rest of Western Europe
9.3.2.13.1 Rest of Western Europe Mobile Commerce Market Estimates and Forecasts, By Transaction Type (2020-2032) (USD Billion)
9.3.2.13.2 Rest of Western Europe Mobile Commerce Market Estimates and Forecasts, By Payment Mode (2020-2032) (USD Billion)
9.4 Asia Pacific
9.4.1 Trend Analysis
9.4.2 Asia Pacific Mobile Commerce Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.4.3 Asia Pacific Mobile Commerce Market Estimates and Forecasts, By Transaction Type (2020-2032) (USD Billion)
9.4.4 Asia Pacific Mobile Commerce Market Estimates and Forecasts, By Payment Mode (2020-2032) (USD Billion)
9.4.5 China
9.4.5.1 China Mobile Commerce Market Estimates and Forecasts, By Transaction Type (2020-2032) (USD Billion)
9.4.5.2 China Mobile Commerce Market Estimates and Forecasts, By Payment Mode (2020-2032) (USD Billion)
9.4.6 India
9.4.5.1 India Mobile Commerce Market Estimates and Forecasts, By Transaction Type (2020-2032) (USD Billion)
9.4.5.2 India Mobile Commerce Market Estimates and Forecasts, By Payment Mode (2020-2032) (USD Billion)
9.4.5 Japan
9.4.5.1 Japan Mobile Commerce Market Estimates and Forecasts, By Transaction Type (2020-2032) (USD Billion)
9.4.5.2 Japan Mobile Commerce Market Estimates and Forecasts, By Payment Mode (2020-2032) (USD Billion)
9.4.6 South Korea
9.4.6.1 South Korea Mobile Commerce Market Estimates and Forecasts, By Transaction Type (2020-2032) (USD Billion)
9.4.6.2 South Korea Mobile Commerce Market Estimates and Forecasts, By Payment Mode (2020-2032) (USD Billion)
9.4.7 Vietnam
9.4.7.1 Vietnam Mobile Commerce Market Estimates and Forecasts, By Transaction Type (2020-2032) (USD Billion)
9.2.7.2 Vietnam Mobile Commerce Market Estimates and Forecasts, By Payment Mode (2020-2032) (USD Billion)
9.4.8 Singapore
9.4.8.1 Singapore Mobile Commerce Market Estimates and Forecasts, By Transaction Type (2020-2032) (USD Billion)
9.4.8.2 Singapore Mobile Commerce Market Estimates and Forecasts, By Payment Mode (2020-2032) (USD Billion)
9.4.9 Australia
9.4.9.1 Australia Mobile Commerce Market Estimates and Forecasts, By Transaction Type (2020-2032) (USD Billion)
9.4.9.2 Australia Mobile Commerce Market Estimates and Forecasts, By Payment Mode (2020-2032) (USD Billion)
9.4.10 Rest of Asia Pacific
9.4.10.1 Rest of Asia Pacific Mobile Commerce Market Estimates and Forecasts, By Transaction Type (2020-2032) (USD Billion)
9.4.10.2 Rest of Asia Pacific Mobile Commerce Market Estimates and Forecasts, By Payment Mode (2020-2032) (USD Billion)
9.5 Middle East and Africa
9.5.1 Middle East
9.5.1.1 Trend Analysis
9.5.1.2 Middle East Mobile Commerce Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.5.1.3 Middle East Mobile Commerce Market Estimates and Forecasts, By Transaction Type (2020-2032) (USD Billion)
9.5.1.4 Middle East Mobile Commerce Market Estimates and Forecasts, By Payment Mode (2020-2032) (USD Billion)
9.5.1.5 UAE
9.5.1.5.1 UAE Mobile Commerce Market Estimates and Forecasts, By Transaction Type (2020-2032) (USD Billion)
9.5.1.5.2 UAE Mobile Commerce Market Estimates and Forecasts, By Payment Mode (2020-2032) (USD Billion)
9.5.1.6 Egypt
9.5.1.6.1 Egypt Mobile Commerce Market Estimates and Forecasts, By Transaction Type (2020-2032) (USD Billion)
9.5.1.6.2 Egypt Mobile Commerce Market Estimates and Forecasts, By Payment Mode (2020-2032) (USD Billion)
9.5.1.7 Saudi Arabia
9.5.1.7.1 Saudi Arabia Mobile Commerce Market Estimates and Forecasts, By Transaction Type (2020-2032) (USD Billion)
9.5.1.7.2 Saudi Arabia Mobile Commerce Market Estimates and Forecasts, By Payment Mode (2020-2032) (USD Billion)
9.5.1.8 Qatar
9.5.1.8.1 Qatar Mobile Commerce Market Estimates and Forecasts, By Transaction Type (2020-2032) (USD Billion)
9.5.1.8.2 Qatar Mobile Commerce Market Estimates and Forecasts, By Payment Mode (2020-2032) (USD Billion)
9.5.1.9 Rest of Middle East
9.5.1.9.1 Rest of Middle East Mobile Commerce Market Estimates and Forecasts, By Transaction Type (2020-2032) (USD Billion)
9.5.1.9.2 Rest of Middle East Mobile Commerce Market Estimates and Forecasts, By Payment Mode (2020-2032) (USD Billion)
9.5.2 Africa
9.5.2.1 Trend Analysis
9.5.2.2 Africa Mobile Commerce Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.5.2.3 Africa Mobile Commerce Market Estimates and Forecasts, By Transaction Type (2020-2032) (USD Billion)
9.5.2.4 Africa Mobile Commerce Market Estimates and Forecasts, By Payment Mode (2020-2032) (USD Billion)
9.5.2.5 South Africa
9.5.2.5.1 South Africa Mobile Commerce Market Estimates and Forecasts, By Transaction Type (2020-2032) (USD Billion)
9.5.2.5.2 South Africa Mobile Commerce Market Estimates and Forecasts, By Payment Mode (2020-2032) (USD Billion)
9.5.2.6 Nigeria
9.5.2.6.1 Nigeria Mobile Commerce Market Estimates and Forecasts, By Transaction Type (2020-2032) (USD Billion)
9.5.2.6.2 Nigeria Mobile Commerce Market Estimates and Forecasts, By Payment Mode (2020-2032) (USD Billion)
9.5.2.7 Rest of Africa
9.5.2.7.1 Rest of Africa Mobile Commerce Market Estimates and Forecasts, By Transaction Type (2020-2032) (USD Billion)
9.5.2.7.2 Rest of Africa Mobile Commerce Market Estimates and Forecasts, By Payment Mode (2020-2032) (USD Billion)
9.6 Latin America
9.6.1 Trend Analysis
9.6.2 Latin America Mobile Commerce Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.6.3 Latin America Mobile Commerce Market Estimates and Forecasts, By Transaction Type (2020-2032) (USD Billion)
9.6.4 Latin America Mobile Commerce Market Estimates and Forecasts, By Payment Mode (2020-2032) (USD Billion)
9.6.5 Brazil
9.6.5.1 Brazil Mobile Commerce Market Estimates and Forecasts, By Transaction Type (2020-2032) (USD Billion)
9.6.5.2 Brazil Mobile Commerce Market Estimates and Forecasts, By Payment Mode (2020-2032) (USD Billion)
9.6.6 Argentina
9.6.6.1 Argentina Mobile Commerce Market Estimates and Forecasts, By Transaction Type (2020-2032) (USD Billion)
9.6.6.2 Argentina Mobile Commerce Market Estimates and Forecasts, By Payment Mode (2020-2032) (USD Billion)
9.6.7 Colombia
9.6.7.1 Colombia Mobile Commerce Market Estimates and Forecasts, By Transaction Type (2020-2032) (USD Billion)
9.6.7.2 Colombia Mobile Commerce Market Estimates and Forecasts, By Payment Mode (2020-2032) (USD Billion)
9.6.8 Rest of Latin America
9.6.8.1 Rest of Latin America Mobile Commerce Market Estimates and Forecasts, By Transaction Type (2020-2032) (USD Billion)
9.6.8.2 Rest of Latin America Mobile Commerce Market Estimates and Forecasts, By Payment Mode (2020-2032) (USD Billion)
10. Company Profiles
10.1 Telefonaktiebolaget LM Ericsson
10.1.1 Company Overview
10.1.2 Financial
10.1.3 Products/ Services Offered
110.1.4 SWOT Analysis
10.2 Thales Group
10.2.1 Company Overview
10.2.2 Financial
10.2.3 Products/ Services Offered
10.2.4 SWOT Analysis
10.3 Google Inc.
10.3.1 Company Overview
10.3.2 Financial
10.3.3 Products/ Services Offered
10.3.4 SWOT Analysis
10.4 IBM Corporation
10.4.1 Company Overview
10.4.2 Financial
10.4.3 Products/ Services Offered
10.4.4 SWOT Analysis
10.5 Mastercard Inc.
10.5.1 Company Overview
10.5.2 Financial
10.5.3 Products/ Services Offered
10.5.4 SWOT Analysis
10.6 Mopay AG
10.6.1 Company Overview
10.6.2 Financial
10.6.3 Products/ Services Offered
10.6.4 SWOT Analysis
10.7 Oxygen8
10.7.1 Company Overview
10.7.2 Financial
10.7.3 Products/ Services Offered
10.7.4 SWOT Analysis
10.8 Paypal Holdings Inc.
10.8.1 Company Overview
10.8.2 Financial
10.8.3 Products/ Services Offered
10.8.4 SWOT Analysis
10.9 SAP SE
10.9.1 Company Overview
10.9.2 Financial
10.9.3 Products/ Services Offered
10.9.4 SWOT Analysis
10.10 Visa Inc.
10.9.1 Company Overview
10.9.2 Financial
10.9.3 Products/ Services Offered
10.9.4 SWOT Analysis
11. Use Cases and Best Practices
12. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
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