Market Overview:
The global new approach in mobile commerce market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing penetration of smartphones and other mobile devices, rising demand for convenience and ease of use, and growing trend of m-commerce. In terms of type, the premium SMS segment is expected to account for the largest share in terms of revenue in 2018. This can be attributed to its high adoption by retailers for promotional activities such as couponing, loyalty programs, and others. However, near field communication (NFC) is projected to grow at a higher CAGR during the forecast period owing to its ability to provide enhanced user experience through features such as contactless payments and others.
Product Definition:
New Approach in Mobile Commerce is a term used for referring to the various innovative methods that are being developed to make mobile commerce more convenient and user-friendly. The importance of New Approach in Mobile Commerce is that it helps to make buying and selling products and services through a mobile device easier, faster, and more efficient.
Premium SMS:
Premium SMS is a text message service that allows customers to subscribe for mobile marketing alerts. It also helps them to get updates on offers and new products in the market. The service was launched by mobile operators worldwide including AT&T, T-Mobile, Vodafone, Orange and Verizon Wireless with support from MMS International (a subsidiary of Interop Technologies) which helped companies reach their customers effectively using premium SMS services.
Near Field Communication (NFC):
Near Field Communication (NFC) is a wireless technology for contactless data transfer between mobile devices and payment terminals. NFC enables cashless payments using mobile phones, tablets or other portable devices with the help of special-purpose chips in the cards or tags. The technology has been around for more than five years; however, it has gained popularity recently due to increased adoption by banks and financial institutions to increase their customer base by offering hassle-free payment solutions.
Application Insights:
The retailing application segment accounted for the largest revenue share in 2016 and is anticipated to maintain its dominance over the forecast period. The global retail industry has been witnessing tremendous growth on account of increasing consumer spending on electronic goods & gadgets, clothing and food products. This has led to an increase in number of online retailers which is further driving the adoption of mobile payments & m-commerce solutions among consumers. Moreover, introduction of advanced technologies such as beacons, location intelligence and sensor-based devices will drive mobile payments & m-commerce solutions even more across all applications globally.
The others application segment includes utility services, travel booking services and ticketing services among others. Utility service providers are increasingly adopting innovative technologies such as text messaging for customer engagement along with mobile payment options that offer easy access to customers¢â‚¬â„¢ data for billing purposes or any other purpose desired by a service provider or client company alike (such as providing information about product/service offerings).
Regional Analysis:
The Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to the presence of developing countries such as India, China, and Japan. The growing adoption of mobile commerce in these countries can be attributed to various factors such as increasing smartphone penetration, rising e-commerce sales through m-commerce platforms, and enhanced network coverage. Moreover, a large number of service providers are focusing on deploying advanced wireless technologies for mass communication purposes in order to improve customer experience and increase revenue.
North America held a substantial share in 2016 owing to the presence of major technology companies that have been actively investing in R&D for developing innovative solutions based on NFC technology.
Growth Factors:
- Increasing demand for mobile commerce from small and medium businesses (SMBs) due to the growing popularity of smartphones and tablets.
- The increasing use of mobile devices for shopping, which is facilitated by the development of innovative technologies such as near field communication (NFC).
- The growing trend of m-commerce among consumers, who are attracted by the convenience and flexibility offered by this type of shopping.
- The increasing number of merchants who are adopting mobile commerce as a way to reach more customers and boost sales.
- The rising demand for cloud-based solutions in mobile commerce, which helps businesses manage their transactions more efficiently and securely
Scope Of The Report
Report Attributes
Report Details
Report Title
New Approach in Mobile Commerce Market Research Report
By Type
Premium SMS, Near Field Communication (NFC), Direct Carrier Billing, Wireless Application Protocol (WAP), Others
By Application
Retailing, Billing, Ticketing Services, Others
By Companies
Ericsson, Gemalto, Google Inc, IBM, Mastercard Inc, Mopay AG, Oxygen8, Paypal, SAP AG, Visa Inc
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
124
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global New Approach in Mobile Commerce Market Report Segments:
The global New Approach in Mobile Commerce market is segmented on the basis of:
Types
Premium SMS, Near Field Communication (NFC), Direct Carrier Billing, Wireless Application Protocol (WAP), Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Retailing, Billing, Ticketing Services, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ericsson
- Gemalto
- Google Inc
- IBM
- Mastercard Inc
- Mopay AG
- Oxygen8
- Paypal
- SAP AG
- Visa Inc
Highlights of The New Approach in Mobile Commerce Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Premium SMS
- Near Field Communication (NFC)
- Direct Carrier Billing
- Wireless Application Protocol (WAP)
- Others
- By Application:
- Retailing
- Billing
- Ticketing Services
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the New Approach in Mobile Commerce Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
New Approach is a mobile commerce platform that helps businesses manage their transactions and interactions with customers on the go. It offers a variety of features, including an app store, order management tools, and customer service support. New Approach also provides merchants with analytics to help them understand how their customers are using their apps and websites.
Some of the key players operating in the new approach in mobile commerce market are Ericsson, Gemalto, Google Inc, IBM, Mastercard Inc, Mopay AG, Oxygen8, Paypal, SAP AG, Visa Inc.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 New Approach in Mobile Commerce Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 New Approach in Mobile Commerce Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 New Approach in Mobile Commerce Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the New Approach in Mobile Commerce Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global New Approach in Mobile Commerce Market Size & Forecast, 2018-2028
4.5.1 New Approach in Mobile Commerce Market Size and Y-o-Y Growth
4.5.2 New Approach in Mobile Commerce Market Absolute $ Opportunity
Chapter 5 Global New Approach in Mobile Commerce Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 New Approach in Mobile Commerce Market Size Forecast by Type
5.2.1 Premium SMS
5.2.2 Near Field Communication (NFC)
5.2.3 Direct Carrier Billing
5.2.4 Wireless Application Protocol (WAP)
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global New Approach in Mobile Commerce Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 New Approach in Mobile Commerce Market Size Forecast by Applications
6.2.1 Retailing
6.2.2 Billing
6.2.3 Ticketing Services
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global New Approach in Mobile Commerce Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 New Approach in Mobile Commerce Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America New Approach in Mobile Commerce Analysis and Forecast
9.1 Introduction
9.2 North America New Approach in Mobile Commerce Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America New Approach in Mobile Commerce Market Size Forecast by Type
9.6.1 Premium SMS
9.6.2 Near Field Communication (NFC)
9.6.3 Direct Carrier Billing
9.6.4 Wireless Application Protocol (WAP)
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America New Approach in Mobile Commerce Market Size Forecast by Applications
9.10.1 Retailing
9.10.2 Billing
9.10.3 Ticketing Services
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe New Approach in Mobile Commerce Analysis and Forecast
10.1 Introduction
10.2 Europe New Approach in Mobile Commerce Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe New Approach in Mobile Commerce Market Size Forecast by Type
10.6.1 Premium SMS
10.6.2 Near Field Communication (NFC)
10.6.3 Direct Carrier Billing
10.6.4 Wireless Application Protocol (WAP)
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe New Approach in Mobile Commerce Market Size Forecast by Applications
10.10.1 Retailing
10.10.2 Billing
10.10.3 Ticketing Services
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific New Approach in Mobile Commerce Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific New Approach in Mobile Commerce Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific New Approach in Mobile Commerce Market Size Forecast by Type
11.6.1 Premium SMS
11.6.2 Near Field Communication (NFC)
11.6.3 Direct Carrier Billing
11.6.4 Wireless Application Protocol (WAP)
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific New Approach in Mobile Commerce Market Size Forecast by Applications
11.10.1 Retailing
11.10.2 Billing
11.10.3 Ticketing Services
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America New Approach in Mobile Commerce Analysis and Forecast
12.1 Introduction
12.2 Latin America New Approach in Mobile Commerce Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America New Approach in Mobile Commerce Market Size Forecast by Type
12.6.1 Premium SMS
12.6.2 Near Field Communication (NFC)
12.6.3 Direct Carrier Billing
12.6.4 Wireless Application Protocol (WAP)
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America New Approach in Mobile Commerce Market Size Forecast by Applications
12.10.1 Retailing
12.10.2 Billing
12.10.3 Ticketing Services
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) New Approach in Mobile Commerce Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) New Approach in Mobile Commerce Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) New Approach in Mobile Commerce Market Size Forecast by Type
13.6.1 Premium SMS
13.6.2 Near Field Communication (NFC)
13.6.3 Direct Carrier Billing
13.6.4 Wireless Application Protocol (WAP)
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) New Approach in Mobile Commerce Market Size Forecast by Applications
13.10.1 Retailing
13.10.2 Billing
13.10.3 Ticketing Services
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 New Approach in Mobile Commerce Market: Competitive Dashboard
14.2 Global New Approach in Mobile Commerce Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ericsson
14.3.2 Gemalto
14.3.3 Google Inc
14.3.4 IBM
14.3.5 Mastercard Inc
14.3.6 Mopay AG
14.3.7 Oxygen8
14.3.8 Paypal
14.3.9 SAP AG
14.3.10 Visa Inc
