How big is the Mobile Commerce Market?

The Mobile Commerce Market size is expected to reach USD 1.45 trillion in 2024 and grow at a CAGR of 6.54% to reach USD 1.99 trillion by 2029. Read More

What is the current Mobile Commerce Market size?

In 2024, the Mobile Commerce Market size is expected to reach USD 1.45 trillion. Read More

Who are the key players in Mobile Commerce Market?

Google Inc., Thales Group (Gemalto NV), Mastercard Inc., Paypal Holding Inc. and Visa Inc. are the major companies operating in the Mobile Commerce Market. Read More

Which is the fastest growing region in Mobile Commerce Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Mobile Commerce Market?

In 2024, the North America accounts for the largest market share in Mobile Commerce Market. Read More

What years does this Mobile Commerce Market cover, and what was the market size in 2023?

In 2023, the Mobile Commerce Market size was estimated at USD 1.36 trillion. The report covers the Mobile Commerce Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Mobile Commerce Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the key factors driving M-Commerce Market growth?

Key factors driving the Mobile Commerce Market are: a) Widespread adoption of smartphones b) Improvements in mobile internet connectivity c) Convenience of shopping on-the-go d) Increasing the security of mobile transactions Read More

Mobile Commerce Market - Size, Growth & Forecast, Trends

Mobile Commerce Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The M-Commerce Market is Segmented by Transaction Type (M Retailing, M Ticketing/Booking, M Billing), Payment Modes (Near Field Communication (NFC), Premium SMS, Wireless Application Protocol (WAP), Direct Carrier Billing), and Geography. The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Mobile Commerce Industry Overview

The mobile commerce market is fragmented due to the growing adoption of digitization, e-commerce, and m-commerce, making people use these mediums more often, giving the players a broad scope to penetrate the market with technological innovation and developments. Some key players include Ericsson, Gemalto (Thales Company), Google Inc., IBM Corporation, Mastercard Inc., Paypal Holding, SAP SE, and Visa Inc., among others.

October 2023: To invest in GenAI startups focused on payments, fintech, and commerce, Visa announced the launch of a USD 100 million generative AI (GENAI) venture fund. The initiative will be led by Visa Ventures, a corporate investment arm of the global payment giant that has invested and cooperated with related companies since 2007.
March 2023: MobiKwik, which deferred its November 2021 initial public offer (IPO) due to choppy markets, announced its plans to go public in the next 12-18 months. In 2022, it raised over INR 50 crore in debt funding. In 2023, the company is looking at being fully profitable on an INR 1,000 crore topline.