Amid the COVID-19 crisis and the looming economic recession, the M-Commerce market worldwide will grow by a projected US$5.1 Trillion, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 23.8%.
M-Commerce, one of the segments analyzed and sized in this study, is forecast to grow at over 23.8% and reach a market size of US$6.6 Trillion by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The M-Commerce market will be reset to a new normal which going forward in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.
As part of the new emerging geographic scenario, the United States is forecast to readjust to a 17.5% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over US$188.6 Billion to the region's size over the next 7 to 8 years. In addition, over US$168.4 Billion worth of projected demand in the region will come from Rest of the European markets. In Japan, the M-Commerce segment will reach a market size of US$273.9 Billion by the close of the analysis period.
Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the M-Commerce market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world's second largest economy will grow at 27.5% over the next couple of years and add approximately US$849.6 Billion in terms of addressable market opportunity.
Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing M-Commerce market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Key Topics Covered
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Mobile Communications Industry: A Prelude
Key Milestones in Telecom Industry
Recent Market Activity
M-Commerce Brings Mobile Transactional Services into Spotlight
Growth Drivers in a Nutshell
China at the Forefront of Growth in M-Commerce Market
Rapid Growth of E-Commerce Market: Positive Implications for M-Commerce Market