London, 22 May 2015: Technavio, the independent tech-focused global research firm, has published a report on the m-commerce market in the US 2015-2019, which is expected to grow at a CAGR of 25.72% during 2014-2019.
The increasing usage and penetration of devices such as smartphones and tablets facilitate growth of the m-commerce market in the US. Additionally, the rapid economic growth in the US has led to an increase in disposable income, which in turn encourages the populace to buy goods online via m-commerce. This helps to save time and gives a significant push to the market.
“Mobile wallets store the details of customers’ credit or debit cards, enabling them to pay at NFC POS terminals using their cellphones,” says Faisal Ghaus, Vice President of Technavio.
“NFC eases these transactions, resulting in the popularity of mobile wallets when conducting online transactions.”
Key Market Drivers
- Growing Penetration of Mobile Devices
- Increase in Disposable Income
- Growing Awareness of NFC Value Proposition
- Increased Internet Penetration
Key Market Trends:
- Growth in Mobile Advertising
- Increase in Mobile App Downloads
- Increased Adoption of Mobile Wallets
- Increase in 3G and 4G Connections
Key Market Vendors:
- Alibaba Group Holding Ltd.
- Amazon.com Inc.
- Apple Inc.
- Barnes & Noble Inc.
- Costco Wholesale Corp.
- eBay Inc.
- Google Inc.
- The Home Depot Inc.
- Lowe’s Companies Inc.
- MasterCard Inc.
- PayPal Inc.
- Sears Holdings Corp.
- Target Corp.
- Visa Inc.
- Walmart Stores Inc.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
