M-Commerce Payments Market To Garner Appreciable Returns By 2017 - 2022
Global M-Commerce Payments Market: Snapshot Owing to the growing ubiquity of smartphones, the prosperity of the m-commerce payments is almost certain, with the demand projected to increment at an exceptional CAGR of 46.9% during the forecast period of 2017 to 2022. Sheer ease of usability that m-commerce brings to the users is the most powerful driver of this market, although the slow adoptability has been a little hindrance. Nevertheless, a number of companies are now offering in-app payments, enhancing security of the transactions and personal details, and promoting sales via “buy button” on social media platforms. In addition to that, since m-commerce enables the merchants to analyze the buying habit of individual customer and make lucrative offers to increment sales, growing number of vendors of various fields are expected to adopt m-commerce payment methods. In terms of valuation, the revenue in the global m-commerce payments market is estimated to reach US$7.55 ...