Global Mobile Commerce And Grocery Commerce Market Size By Transaction Type, By Payment Modes (Near Field Communication, Premium SMS, Wireless Application Protocol ), By Geographic Scope And Forecast

Mobile Commerce And Grocery Commerce Market Size And Forecast

Mobile Commerce And Grocery Commerce Market size was valued at USD 1,336.27 Billion in 2022 and is projected to reach USD 11,731.82 Billion by 2030, growing at a CAGR of 31.20% from 2023 to 2030. Technology advancements in wireless handheld devices that offer powerful computing capabilities, the quick uptake of online commerce, and the quick rise of mobile trade are some of the key reasons driving the global industry. The Global Mobile Commerce And Grocery Commerce Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Mobile Commerce And Grocery Commerce Market Definition

M-Commerce, often known as mobile commerce, is a form of payment that may be used with handheld wireless devices like mobile phones or personal digital assistants (PDAs) to buy and sell services and goods. For diverse grocery items like dried or canned food, lentils, vegetables, etc., grocery commerce functions as a web payment mechanism. Customers can virtually purchase or sell a variety of food products. These devices include laptops, mobile phones, tablets, etc.

The acquisition and supply of ringtones, mobile games, and disguises are all examples of transportable commerce. Mobile commerce is seen as an effective method of delivering online shopping to customers regardless of location or time. It has several fundamental mobile properties, such as adaptability, personalization, and ubiquitousness, demonstrating enormous potential, great efficacy, and large profitability, which facilitates the operation of this business.

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Global Mobile Commerce And Grocery Commerce Market Overview

The cumulative adoption of electronic commerce has positively impacted the global industry due to the rising internet penetration, greater bandwidth, and an increase in the acceptance rate of mobile payment systems and online wallets. Technology advancements in wireless handheld devices that offer powerful computing capabilities, the quick uptake of online commerce, and the quick rise of mobile trade are some of the key reasons driving the global industry.

There are a number of obstacles that could prevent the industry from developing, including issues with applications that include personal data security and privacy, a lack of mobile-friendly websites, and slow internet speeds in developing nations. Positive growth chances are provided by technical advancements, advertising on various social media platforms, and untapped markets, nevertheless. The rise of the Global Mobile Commerce And Grocery Commerce Market has been aided by demographic trends and favorable socioeconomic factors such as suburbanization, population growth, disposable incomes, and an increase in the standard of living.

Global Mobile Commerce And Grocery Commerce Market: Segmentation Analysis

The Global Mobile Commerce And Grocery Commerce Market is segmented on the basis of Transaction Type, Payment Modes, And Geography.

Mobile Commerce And Grocery Commerce Market, By Transaction Type

• M Retailing
• M Ticketing/Booking
• M Billing
• Others

Based on Transaction Type, the market is segmented into M Retailing, M Ticketing/Booking, M Billing, and Others. The M Retailing segment holds the largest market share due to rising requests for online shopping in advanced and developing economies. M Business facilities save time and are cheaper as related to the traditional shopping and promotion methods that are hastening the demand for the M Retailing sector.

Mobile Commerce And Grocery Commerce Market, By Payment Modes

• Near Field Communication (NFC)
• Premium SMS
• Wireless Application Protocol (WAP)
• Direct Carrier Billing
• Others

Based on Payment Modes, the market is segmented into Near Field Communication (NFC), Premium SMS, Wireless Application Protocol (WAP), Direct Carrier Billing, and Others. The Near Field Communication segment dominates the market due to its attribute to transmission files and performing dealings with ease. It permits individuals to segment data cost-efficiently as it takes the ability to transfer files such as images or music without carrier custodies.

Mobile Commerce And Grocery Commerce Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

Based on Geography, The Global Mobile Commerce And Grocery Commerce Market is classified into North America, Europe, Asia Pacific, and the Rest of the World. Asia-Pacific holds the largest market share due to the rising implementation of mobile money explanations and the rise in smartphone penetration. The rapid increase in e-commerce and the growing retail segment, solid administrative initiatives, and ongoing projects will enhance the market.

Key Players

• The "Global Mobile Commerce And Grocery Commerce Market" study report will provide valuable insight with an emphasis on the global market including some of the major players such as
• Ericsson, Google, IBM, Mastercard, Mopay, and Oxygen8 Solutions
• are prominent manufacturers operating in the market.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.

• Ace Matrix Analysis
• The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as
• Active, Cutting Edge, Emerging, and Innovators.
• Market Attractiveness
• The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Mobile Commerce And Grocery Commerce Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
• Porter's Five Forces
• The image provided would further help to get information about Porter's five forces framework providing a blueprint for understanding the behavior of competitors and a player's strategic positioning in the respective industry. Porter's five forces model can be used to assess the competitive landscape in the Global Mobile Commerce And Grocery Commerce Market, gauge the attractiveness of a certain sector, and assess investment possibilities.