#MCommerce Development UK
Explore tagged Tumblr posts
Visit Tumblr Blog
Explore Tumblr blogs with no restrictions, modern design and the best experience.
Last Seen Tumblr Blogs
Fun Fact
There were a total of 171.5 billion posts on Tumblr in 2019.
Text
Explosive Growth in ePayment System Market: Projected to Reach USD 602.3 Billion by 2033 with a 20.1% CAGR
According to Future Market Insights (FMI), the global ePayment system market will generate US$78,965.6 million in revenue in 2022. By 2033, the market is anticipated to have grown at a CAGR of 20.1% to reach US$ 602,292.2 million. The market is anticipated to be worth US$ 96,401.1 million in 2023.
Nearly 75% of the worldwide payments market is thought to be made up of ePayment system sales. The market for electronic payment systems has expanded significantly as a result of the growing acceptance of contactless payments and e-Payment gateways.
The market for ePayment systems is expanding due to a trend towards mCommerce, internet shopping, digital commerce, and cashless transactions.
Furthermore, increasing Internet banking and Internet shopping have significantly pushed the use of ePayment system across the globe. The market for ePayment systems has shown significant growth over the last few years due to the increasing adoption of advanced technologies. With advancements in technology, there has been a rise in the demand for ePayment systems.
Key Takeaways from ePayment System Market Study
Based on deployment, the cloud segment is expected to dominate the market through 2031, owing to the rising popularity of cloud computing and analytics.
Based on enterprise size, the large enterprises segment is expected to dominate the market through 2031 owing to the growing need to digitize their payment landscape.
The BFSI segment is expected to hold the largest share in the global ePayment system market in 2021, based on industry.
China will continue leading the East Asia market, registering a CAGR of over 18.9% through 2031.
The U.S. market is projected to expand at a CAGR of 18.2% through 2031, owing to the due to early adoption of upcoming technologies and presence of established and upcoming payment technology providers in the country.
The UK is anticipated to hold the lead in Europe, exhibiting a CAGR of 18.5% through 2031.
Who is winning?
The moderately consolidated ePayment system market is characterized by players who are increasingly focusing on the development of new product offerings in addition to strategic endeavors towards geographical expansion.
Prominent players in the ePayment system market include but are not limited to ACI Worldwide, Aliant Payments, Alipay, Apple Pay, FIS, Fiserv, Global Payments, Intuit, JPMorgan Chase, Mastercard, PayPal, Paysafe, PayTrace, PayU, Spreedly, Square, Stripe, Visa, Worldline, and 2Checkout, among others.
More Valuable Insights on ePayment System Market
A revised market research report published by Future Market Insights (FMI) on the global ePayment System market includes global industry analysis for 2016–2020 and opportunity assessment for 2021–2031.The report provides valuable insights on the basis of component solution (payment gateway solution, payment processing solution, payment wallet solution, payment security and fraud management solution, and point of sale (POS) solution); and services (professional services, and managed services); deployment(cloud and on-premises); enterprise size (small & medium enterprises (SMEs) and large enterprises); and Industry (BFSI, retail and eCommerce, healthcare, media & entertainment, IT & telecom, transportation & logistics, and others), and across six major regions.
0 notes
Text
Top Ecommerce Website Development Company In The USA
Looking for a reliable company to build your e-commerce website? We are here to provide you with excellent website development services. EastSons’ Technologies is an e-commerce development company that is specialized in e-commerce development, m-commerce app development, and many more.
So, what are you waiting for? Visit: https://tech.eastsons.com/ecommerce-development-company
0 notes
Text
Tips to Flawless Android App Development
Android, undoubtedly, is the most dominating operating system in mobiles, it has a share of more than 85% of the operating systems market. Moreover, app development has become one of the most rapidly expanding digital requirements, where almost all service companies make an attempt at developing their own app. Therefore, it is important to make sure that the android app that you develop must be flawless enough to run on an expanded range of devices that have an android operating system.
The experts at Tecocraft, an android app development company UK, have prepared for you a list of the most important tips that you should keep in mind while developing an effective app for androids. If you wish to hire android developers, consult the professionals at Tecocraft.
Use development frameworks and tools You would be able to design the UV or UI of your mobile app easily, based on design guidelines of androids that are issued by Google. However, you might find it hard to test, build as well as maintain your app without making use of any development tools and frameworks. The tools would let you add functionality and features to your app without having to write additional code. This will make it easy to maintain and test your app despite constant iterations. It would also accelerate the process of development while keeping the project overheads the same.
Follow the guidelines of android design Google proves to be very helpful for developers in building a robust app. They recommend Android Design Guidelines, which are updated regularly to make sure the UX and UI of your mobile app are more intuitive and appealing. However, you can still create your app in the way that you like without taking Google’s guidance. If you do consider following the guidelines, make sure they are the most recent ones in order to make sure you are creating the latest version of apps.
Consider adopting cloud technologies It is unarguably true that cloud-based technologies are helpful in overcoming fragmentation issues in devices as well as operating systems that arise during the time of testing and developing your android apps. In addition, you would be able to take full advantage of cloud-based technologies in building your app without having to build and maintain physical infrastructure. Certain tools would make it an easy task to make our app more responsive as well as deliver the same user experience to different mobile platforms.
Make sure you are focusing on user input In order to make your app more interactive, you have to make sure that you incorporate elements, which keep the user engaged on a frequent basis. Features such as those that collect comments, feedback, and other similar input are a great idea to do so. Moreover, it is equally important that you take those feedbacks and suggestions into consideration and implement the feasible ones. This would help in enhancing the usability of your app as well as the user’s experience.
Make the UI responsive and fast In today’s world, technology has made everything so quick that it is understandable when users dislike unresponsive and slow mobile apps. That being said, it is important for you to explore various ways of making the UI of your app responsive and fast so as to keep your user engaged. Consider removing the layers which are deep or nested, and design them to be fast and simple.
Make sure you are focusing on app security With the advancement in technology, what has unwantedly happened is the use of technology for carrying out illegal activities such as stealing data and other cybercrimes. This is why it is crucial for you to make sure your app is designed in such a way that it satisfies the security concerns of your users. Users, nowadays, make an assessment of the security features before downloading an app. It becomes your responsibility that whatever data is shared on/through the app is secure.
Mobile payment and embed mCommerce features Users these days like their apps to serve multiple purposes for you. One of the most rapidly flourishing features of apps is their ability to let their users make payments and purchase services and products anywhere and anytime. Make it easy for them to make payments through various payment pathways.
Make your app wearables and compatible As time proceeds, there is an increase in the popularity of wearable devices. Though it is not possible to directly install apps on these devices yet, they work great when integrated with tablets or smartphones. Therefore, make sure to make your app compatible with wearables.
Meet emerging trends of development of a mobile app You must acknowledge the importance of keeping your app up-to-date and the latest version possible. Making sure that your app aligns with the latest trends is an integral part of the development process.
Test your app thoroughly and continuously Building a flawless app is a task more challenging than you might guess. However, equally important is the process of testing the app on a regular basis and thoroughly. This would help you make improvements every time you scrutinize. Identifying and repairing the defects is as appreciated as developing a flawless app.
If you want to hire android app developers that are well-experienced and highly-skilled, get in touch with Tecocraft.
#hire android app developers#hire android developer#hire android application developer#android app development company#android app development company uk
3 notes
·
View notes
Text
Digital Payment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2027
The global digital payment market size is expected to grow from USD 79.3 billion in 2020 to USD 154.1 billion by 2025, at a CAGR of 14%. The digital payment market is expected to grow owing to global initiatives to promote digital payments, proliferation of smartphones enabling mCommerce growth, increasing e-commerce sales and growth in Internet penetration.
A full report of Digital Payment Market available at: https://www.orionmarketreports.com/digital-payment-market/58800/
APAC is projected to witness the highest growth rate. The countries in the region have undertaken major initiatives to improve the payment industry. For instance, Asian Payments Network (APN) is a group of 11 Asian countries that include the Philippines, China, Singapore, Malaysia, Thailand, Vietnam, Indonesia, South Korea, Japan, New Zealand, and Australia to promote cross-border banking transactions in the region.
To Request a Sample of our Report on Digital Payment Market https://www.orionmarketreports.com/request-sample/?id=58800
Key Market Players
The digital payments market comprises key solution and service providers including ACI Worldwide (US), Adyen (Netherlands), Aurus (US), Aliant Payments (US), Alipay (China), Apple Pay (US), Due (US), Dwolla (US), FattMerchant (US), FIS (US), Fiserv (US), Global Payments (US), Intuit (US), JPMorgan Chase (US), Mastercard (US), PayPal (US), Paysafe (UK), PayTrace (US), PayU (Netherlands), Spreedly (US), Square (US), Stripe (US), Visa (US), WEX (US), Worldline (France), and 2Checkout (US).
Digital Payment Market- Segmentation
By Component
Solutions
Services
By Deployment Type
On-premises
Cloud
By Organization Size
Small and Medium-sized Enterprises
Large Enterprises
By Vertical
Banking, Financial Services, And Insurance
Retail and Ecommerce
Healthcare
Travel and Hospitality
Transportation and Logistics
Media and Entertainment
Other Verticals
The report covers the following objectives:
Proliferation and maturation of trade in the Digital Payment Market.
The market share of the Digital Payment Market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
Current and future market trends that are influencing the growth opportunities and growth rate of the Digital Payment Market.
Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Digital Payment Market.
Recent Developments
Market Overview and growth analysis
Import and Export Overview
Volume Analysis
Current Market Trends and Future Outlook
Market Opportunistic and Attractive Investment Segment
Geographic Coverage
North America Market Size and/or Volume
Latin America Market Size and/or Volume
Europe Market Size and/or Volume
Asia-Pacific Market Size and/or Volume
Rest of the world Market Size and/or Volume
Key Questions Answered by Digital Payment Market Report
What was the Digital Payment Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
What will be the CAGR of Digital Payment Market during the forecast period (2021-2027)?
Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
Which manufacturer/vendor/players in the Digital Payment Market was the market leader in 2018?
Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
About Us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
Media Contact: Company Name: Orion Market Reports Contact Person: Mr. Anurag Tiwari Email: [email protected] Contact no: +91 780-304-0404
0 notes
Text
Mobile Money Market Key Industry Insights, Current and Future Perspectives
MarketsandMarkets expects the global Mobile Money Market size to grow from USD 3.4 billion in 2019 to USD 12.0 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 28.7% during the forecast period. Mobile payments is an easy way to carry out transactions and people across the globe are adopting mobile money to reduce their dependence on cash while traveling. A rise in the number of payment transactions, banking values, and mobile penetration rate across the world are factors driving the mobile money market.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=577
By transaction mode, mobile apps segment to grow at the highest rate during the forecast period
By transaction mode, the mobile apps segment is expected to grow at the highest CAGR during the forecast period. Several applications offer payment services, such as Apple Pay, Google Pay, and PayPal. Some of these applications provide mobile wallet services too. Mobile applications considered under this segment include digital/mobile wallets and Unified Payment Interface (UPI) payment apps. With the proliferation of strong internet coverage in developed and some developing countries, the adoption of mobile money application has increased significantly. Mobile-based payment app interfaces are designed to facilitate easy payment using mobile phones. It is a software intended mainly for smartphones and tablet computers. All the functions of mobile money, such as sending, receiving, and withdrawing money along with other such options can easily be accessed through these apps.
By type of payment, the proximity payments segment to grow at highest CAGR during the forecast period
By type of payment, the proximity payments segment to grow a higher CAGR during the forecast period. These payments are carried out using mobile phones and Point of Sales (POS) device. Currently, several companies offer applications that enable proximity payments. It is referred to as in-store payments in case of retail store or in-location payments with regards to payment through a merchant’s POS terminal. Proximity payments are specifically enabled for short distances and work when both the payer and payee are present in the same location. The proximity payment type is strikingly different from remote payment as it involves the presence of payment card details from one’s own bank account and does not require any tie-up with a payment processor to facilitate transactions. Increasing adoption of mobile payment technologies by brick and mortar-based businesses further drives the demand for proximity payments.
Middle East and Africa to account for the largest market size during the forecast period
The MEA market is termed as a transforming market; it is expected to have the largest market size in 2018 with Africa showing the highest adoption of mobile money services and mobile subscriptions in the region are growing rapidly. According to the World Bank data, there were 122 mobile subscriptions for every 100 individuals in Saudi Arabia, 211 in the United Arab Emirates (UAE), and 127 in Israel, in 2017. The growth of the mobile money market in the MEA is further driven by increased investments in payment technologies made by governments of countries, such as Qatar, South Africa, and the UAE. This region has a presence of creditable Mobile Network Operators (MNOs), banks, and payment processing agents, which encourage the use of mobile money services. For instance, in February 2019, MTN and Ericsson signed a 5-year contract extension for the distribution of new products and the provision of mobile money services in 13 countries across the MEA region. Ericsson aims to deploy the Ericsson Wallet Platform in new markets to serve MTN’s customers.
Key and emerging market players in mobile money market include Vodafone (UK), Google (US), Orange (France), FIS (US), Paypal (US), Mastercard (US), Fiserve (US), Airtel (India), Gemalto (Netherlands), Alipay (China), MTN (South Africa), PAYTM (India) Samsung (South Korea), VISA (US), Tencent (China), Global Payments (US), Square (US), Amazon (US), Apple (US), Western Union Holdings (US), Comviva (India), and T- Mobile (US). These players have adopted various strategies to grow in the mobile money market.
Browse in-depth TOC on Mobile Money Market @ https://www.marketsandmarkets.com/Market-Reports/mobile-remittance-money-mcommerce-market-577.html
0 notes
Text
Global Mobile E-Commerce Software Market Updates, News and Data 2020-2026
Summary
A new market study, titled “Global Mobile E-Commerce Software Market Size, Status and Forecast 2020-2026” has been featured on WiseGuyReports.
This report focuses on the global Mobile E-Commerce Software status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Mobile E-Commerce Software development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
The key players covered in this study Shopgate Shopify Mobile App Builder Moltin Branding Brand Elastic Path Knowband AmazingCart Apptuse Go Contus Dynamicweb Elite mCommerce exporthub Fusn ImpowerTM Mad Mobile Concierge Poq SYZ SHOPPING
ALSO READ: https://icrowdnewswire.com/2020/04/02/mobile-e-commerce-software-market-global-key-players-trends-share-industry-size-growth-opportunities-forecast-to-2025/
Market segment by Type, the product can be split into Cloud Based Web Based Market segment by Application, split into Large Enterprises SMEs
Market segment by Regions/Countries, this report covers North America Europe China Japan Southeast Asia India Central & South America
The study objectives of this report are: To analyze global Mobile E-Commerce Software status, future forecast, growth opportunity, key market and key players. To present the Mobile E-Commerce Software development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America. To strategically profile the key players and comprehensively analyze their development plan and strategies. To define, describe and forecast the market by type, market and key regions.
In this study, the years considered to estimate the market size of Mobile E-Commerce Software are as follows: History Year: 2015-2019 Base Year: 2019 Estimated Year: 2020 Forecast Year 2020 to 2026 For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
FOR MORE DETAILS – https://www.wiseguyreports.com/reports/4904496-global-mobile-e-commerce-software-market-size-status-and-forecast-2020-2026
About Us:
Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.
Contact Us:
NORAH TRENT
Ph: +162-825-80070 (US)
Ph: +44 203 500 2763 (UK)
0 notes
Text
Global Mobile E-Commerce Software Market Analysis, Historic Data and forecast 2020-2026
Summary – A new market study, titled "Global Mobile E-Commerce Software Market Size, Status and Forecast 2020-2026" has been featured on WiseGuyReports.
This report focuses on the global Mobile E-Commerce Software status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Mobile E-Commerce Software development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
Also read – https://icrowdnewswire.com/2020/04/02/mobile-e-commerce-software-market-global-key-players-trends-share-industry-size-growth-opportunities-forecast-to-2025/
The key players covered in this study
Shopgate
Shopify Mobile App Builder
Moltin
Branding Brand
Elastic Path
Knowband
AmazingCart
Apptuse Go
Contus
Dynamicweb
Elite mCommerce
exporthub
Fusn
ImpowerTM
Mad Mobile Concierge
Poq
SYZ SHOPPING
Market segment by Type, the product can be split into
Cloud Based
Web Based
Market segment by Application, split into
Large Enterprises
SMEs
Market segment by Regions/Countries, this report covers
North America
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Mobile E-Commerce Software status, future forecast, growth opportunity, key market and key players.
To present the Mobile E-Commerce Software development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by type, market and key regions.
In this study, the years considered to estimate the market size of Mobile E-Commerce Software are as follows:
History Year: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year 2020 to 2026
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
For more details - https://www.wiseguyreports.com/reports/4904496-global-mobile-e-commerce-software-market-size-status-and-forecast-2020-2026
About Us:
Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.
Contact Us:
NORAH TRENT
Ph: +162-825-80070 (US)
Ph: +44 2035002763 (UK)
0 notes
Text
Global Mobile E-Commerce Software Market Size, Share, Development and Forecast Overview forecast year 2020
A new market study, titled “ Global Mobile E-Commerce Software Market Size, Status and Forecast 2020-2026”been featured on Wis…
October 28, 2020
This report focuses on the global Mobile E-Commerce Software status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Mobile E-Commerce Software development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
The key players covered in this study
Shopgate
Shopify Mobile App Builder
Moltin
Branding Brand
Elastic Path
Knowband
AmazingCart
Apptuse Go
Contus
Dynamicweb
Elite mCommerce
exporthub
Fusn
ImpowerTM
Mad Mobile Concierge
Poq
SYZ SHOPPING
Market segment by Type, the product can be split into
Cloud Based
Web Based
Market segment by Application, split into
Large Enterprises
SMEs
ALSO READ https://icrowdnewswire.com/2020/04/02/mobile-e-commerce-software-market-global-key-players-trends-share-industry-size-growth-opportunities-forecast-to-2025/
Market segment by Regions/Countries, this report covers
North America
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Mobile E-Commerce Software status, future forecast, growth opportunity, key market and key players.
To present the Mobile E-Commerce Software development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by type, market and key regions.
In this study, the years considered to estimate the market size of Mobile E-Commerce Software are as follows:
History Year: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year 2020 to 2026
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
FOR MORE DETAILS https://www.wiseguyreports.com/reports/4904496-global-mobile-e-commerce-software-market-size-status-and-forecast-2020-2026
Contact Us:
NORAH TRENT
Ph: +162-825-80070 (US)
Ph: +44 203 500 2763 (UK)
0 notes
Text
Digital Payment Market by Component (Solutions (Payment Processing, Payment Gateway, Payment Wallet, POS Solution, Payment Security and Fraud Management) and Services), Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2025 published on
https://www.sandlerresearch.org/digital-payment-market-by-component-solutions-payment-processing-payment-gateway-payment-wallet-pos-solution-payment-security-and-fraud-management-and-services-deployment-mode-organization-s.html
Digital Payment Market by Component (Solutions (Payment Processing, Payment Gateway, Payment Wallet, POS Solution, Payment Security and Fraud Management) and Services), Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2025
Increasing worldwide initiatives for the promotion of digital and online payments is driving the growth of the global digital payment market
The global digital payment market size is projected to grow from USD 79.3 billion in 2020 to USD 154.1 billion by 2025, at a CAGR of 14.2% during the forecast period. Major growth factors for the market include worldwide initiatives for the promotion of digital payments, high proliferation of smartphones enabling mCommerce growth, increase in eCommerce sales, and growth in internet penetration.
By deployment type, cloud segment to grow at the highest CAGR during the forecast period
Several vendors in the market offer payment solutions through the public and private cloud. Cloud-based payment solutions are available in various subscriptions and pay-per-use models. These solutions empower businesses to invest in payment technologies according to their specific requirements. The cloud-based deployment of digital payment software is gaining traction among SMEs, as cloud-based deployment helps SMEs avoid upfront costs associated with hardware, software, storage, and technical staff.
By region, Asia Pacific (APAC) to grow at the highest growth rate during the forecast period
APAC is at the forefront to adopt digital payment solutions due to the increased smartphone penetration and internet connectivity in this region that provides digital payment solution providers with an opportunity to launch advanced digital payment services. The rapid eCommerce adoption also contributes to the increased use of digital payment solutions. The adoption of digital payment solutions has helped bridge economic opportunities and drive financial inclusion in APAC. APAC consumers prefer the equal measures of seamless and security in all the aspects of their digital payment transactions. The growing retail market in the region has enabled global digital payment solution providers to focus more in this region for providing advanced solutions.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the digital payment market.
The breakup of the profiles of the primary participants is given below:
By Company: Tier 1 – 30%, Tier 2 – 45%, and Tier 3 – 25%
By Designation: C-Level – 40% Directors – 35%, and Others –25%
By Region: North America – 35%, Europe – 20%, APAC – 35%, and RoW – 10%
Major vendors in the global digital payment market include ACI Worldwide (US), Adyen (Netherlands), Aurus (US), Aliant Payments (US), Alipay (China), Apple Pay (US), Due (US), Dwolla (US), FattMerchant (US), FIS (US), Fiserv (US), Global Payments (US), Intuit (US), JPMorgan Chase (US), Mastercard (US), PayPal (US), Paysafe (UK), PayTrace (US), PayU (Netherlands), Spreedly (US), Square (US), Stripe (US), Visa (US), WEX (US), Worldline (France), and 2Checkout (US). The digital payment market study includes an in-depth competitive analysis of these key players, along with their profiles, recent developments, and key market strategies.
Research coverage:
The market study covers the digital payment market size across different segments. It aims at estimating the market size and the growth potential across different segments, by component, deployment type, organization size, vertical, and region. The study further includes an in-depth competitive analysis of the leading market players, along with their company profiles, key observations related to product and business offerings, recent developments, and market strategies.
Key benefits of buying the report:
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the global digital payment market and its subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. Moreover, the report will provide insights for stakeholders to understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.
0 notes
Text
Global Mobile Commerce(M-Commerce) Market Insights And Forecast To 2020-2025
Summary – A new market study, “ Global Mobile Commerce(M-Commerce) Market Insights And Forecast To 2020-2025 ” has been featured on WiseGuyReports.
M-commerce (mobile commerce) is the buying and selling of goods and services through wireless handheld devices such as cellular telephone and personal digital assistants (PDAs).
The M-Commerce market is expected to grow with increasing number of smartphones, tablets and other internet enabled devices.
In 2018, the global Mobile Commerce(M-Commerce) market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Mobile Commerce(M-Commerce) status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Mobile Commerce(M-Commerce) development in United States, Europe and China.
The key players covered in this study
Ericsson
Google
Gemalto
IBM
MasterCard
Oxygen8
Mopay
PayPal
Visa
SAP
Also Read : https://www.abnewswire.com/pressreleases/mobile-commerce-mcommerce-market-research-report-market-size-industry-outlook-market-forecast-demand-analysis-market-share-market-report-20202026_500623.html
Market segment by Type, the product can be split into
Premium SMS
Near Field Communication (NFC)
Direct Carrier Billing
Wireless Application Protocol (WAP)
Others
Market segment by Application, split into
Retailing
Billing
Ticketing Services
Others
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Mobile Commerce(M-Commerce) status, future forecast, growth opportunity, key market and key players.
To present the Mobile Commerce(M-Commerce) development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Mobile Commerce(M-Commerce) are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
FOR MORE DETAILS : https://www.wiseguyreports.com/reports/4080294-global-mobile-commerce-m-commerce-market-size-status-and-forecast-2019-2025
About Us:
Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.
Contact Us:
NORAH TRENT
Ph: +162-825-80070 (US)
Ph: +44 2035002763 (UK)
0 notes
Text
Global Mobile E-Commerce Software Market - Global Demand, Sales, Consumption and Forecasts 2020-2026
Summary - A new market study, titled “ Global Mobile E-Commerce Software Market - Global Demand, Sales, Consumption and Forecasts 2020-2026 ” has been featured on WiseGuyReports
This report focuses on the global Mobile E-Commerce Software status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Mobile E-Commerce Software development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
The key players covered in this study Shopgate Shopify Mobile App Builder Moltin Branding Brand Elastic Path Knowband AmazingCart Apptuse Go Contus Dynamicweb Elite mCommerce exporthub Fusn ImpowerTM Mad Mobile Concierge Poq SYZ SHOPPING
Market segment by Type, the product can be split into Cloud Based Web Based Market segment by Application, split into Large Enterprises SMEs
ALSO READ: https://icrowdnewswire.com/2020/04/02/mobile-e-commerce-software-market-global-key-players-trends-share-industry-size-growth-opportunities-forecast-to-2025/
Market segment by Regions/Countries, this report covers North America Europe China Japan Southeast Asia India Central & South America
The study objectives of this report are: To analyze global Mobile E-Commerce Software status, future forecast, growth opportunity, key market and key players. To present the Mobile E-Commerce Software development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America. To strategically profile the key players and comprehensively analyze their development plan and strategies. To define, describe and forecast the market by type, market and key regions.
In this study, the years considered to estimate the market size of Mobile E-Commerce Software are as follows: History Year: 2015-2019 Base Year: 2019 Estimated Year: 2020 Forecast Year 2020 to 2026 For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
FOR MORE DETAILS: https://www.wiseguyreports.com/reports/4904496-global-mobile-e-commerce-software-market-size-status-and-forecast-2020-2026
About Us:
Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.
Contact Us:
NORAH TRENT
Ph: +162-825-80070 (US)
Ph: +44 203 500 2763 (UK)
0 notes
Text
Mobile Money Market with Key Companies Profile & Cost Structure Analysis By 2024
MarketsandMarkets expects the global Mobile Money Market size to grow from USD 3.4 billion in 2019 to USD 12.0 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 28.7% during the forecast period. Mobile payments is an easy way to carry out transactions and people across the globe are adopting mobile money to reduce their dependence on cash while traveling. A rise in the number of payment transactions, banking values, and mobile penetration rate across the world are factors driving the mobile money market.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=577
By transaction mode, mobile apps segment to grow at the highest rate during the forecast period
By transaction mode, the mobile apps segment is expected to grow at the highest CAGR during the forecast period. Several applications offer payment services, such as Apple Pay, Google Pay, and PayPal. Some of these applications provide mobile wallet services too. Mobile applications considered under this segment include digital/mobile wallets and Unified Payment Interface (UPI) payment apps. With the proliferation of strong internet coverage in developed and some developing countries, the adoption of mobile money application has increased significantly. Mobile-based payment app interfaces are designed to facilitate easy payment using mobile phones. It is a software intended mainly for smartphones and tablet computers. All the functions of mobile money, such as sending, receiving, and withdrawing money along with other such options can easily be accessed through these apps.
By type of payment, the proximity payments segment to grow at highest CAGR during the forecast period
By type of payment, the proximity payments segment to grow a higher CAGR during the forecast period. These payments are carried out using mobile phones and Point of Sales (POS) device. Currently, several companies offer applications that enable proximity payments. It is referred to as in-store payments in case of retail store or in-location payments with regards to payment through a merchant’s POS terminal. Proximity payments are specifically enabled for short distances and work when both the payer and payee are present in the same location. The proximity payment type is strikingly different from remote payment as it involves the presence of payment card details from one’s own bank account and does not require any tie-up with a payment processor to facilitate transactions. Increasing adoption of mobile payment technologies by brick and mortar-based businesses further drives the demand for proximity payments.
Middle East and Africa to account for the largest market size during the forecast period
The MEA market is termed as a transforming market; it is expected to have the largest market size in 2018 with Africa showing the highest adoption of mobile money services and mobile subscriptions in the region are growing rapidly. According to the World Bank data, there were 122 mobile subscriptions for every 100 individuals in Saudi Arabia, 211 in the United Arab Emirates (UAE), and 127 in Israel, in 2017. The growth of the mobile money market in the MEA is further driven by increased investments in payment technologies made by governments of countries, such as Qatar, South Africa, and the UAE. This region has a presence of creditable Mobile Network Operators (MNOs), banks, and payment processing agents, which encourage the use of mobile money services. For instance, in February 2019, MTN and Ericsson signed a 5-year contract extension for the distribution of new products and the provision of mobile money services in 13 countries across the MEA region. Ericsson aims to deploy the Ericsson Wallet Platform in new markets to serve MTN’s customers.
Key and emerging market players in mobile money market include Vodafone (UK), Google (US), Orange (France), FIS (US), Paypal (US), Mastercard (US), Fiserve (US), Airtel (India), Gemalto (Netherlands), Alipay (China), MTN (South Africa), PAYTM (India) Samsung (South Korea), VISA (US), Tencent (China), Global Payments (US), Square (US), Amazon (US), Apple (US), Western Union Holdings (US), Comviva (India), and T- Mobile (US). These players have adopted various strategies to grow in the mobile money market.
Browse in-depth TOC on Mobile Money Market @ https://www.marketsandmarkets.com/Market-Reports/mobile-remittance-money-mcommerce-market-577.html
0 notes
Text
New Post has been published on Payment-Providers.com
New Post has been published on https://payment-providers.com/the-czech-republic-is-fastest-growing-ecommerce-market-in-europe/
The Czech Republic is fastest-growing ecommerce market in Europe
Most growth of a European country’s ecommerce market can be expected in the Czech Republic, where it’s predicted the online retail industry will grow 16 percent between now and 2021. That’s more than in other European markets.
Ecommerce in Europe is still growing strong, although it’s developing less hard in more mature markets, such as the United Kingdom, France and Germany. But research from J.P. Morgan shows that in 10 countries across Europe double-digit growth is expected between now and 2021. The Czech Republic is expected to grow 16 percent, while Italy (14 percent) and Spain (13.5) are other fast-growing ecommerce markets.
Compound annual growth rate of ecommerce in Europe
Country Ecommerce market size Ecommerce CAGR (2017-2021) UK €178.5 billion 9% France €81.7 billion 10.5% Germany €73 billion 7.3% Spain €30.4 billion 13.5% The Netherlands €22.5 billion 11% Italy €21.2 billion 14% Denmark €15.4 billion 10.5% Sweden €12 billion 9% Norway €10.9 billion 13% Switzerland €10.1 billion 7.5% Belgium €10.1 billion 8.5% Poland €9.9 billion 10% Austria €9.2 billion 8% Finland €8.5 billion 11% Ireland €7 billion 8.6% Czech Republic €4.4 billion 16% Portugal €4.3 billion 12% Luxembourg €0.7 billion 8%
Mcommerce main driver of ecommerce growth
According to J.P. Morgan, it’s mobile commerce that is the main driver of growth in Europe. In the United Kingdom and the Czech Republic for example, mobile devices are currently the most preferred device for shopping online. And in Ireland, Norway and Sweden the smartphone as shopping device is also very popular among consumers.
Country Total ecommerce as a percentage completed on a mobile device Czech Republic 54% United Kingdom 51% Ireland 42% Sweden 41% Norway 39% Spain 38% Italy 33% Denmark 32% Finland 31% Germany 27% Switzerland 27% France 21% The Netherlands 20% Luxembourg 19% Belgium 15% Poland 11% Portugal 10% Austria 8%
Cards still most used payment method in Europe
The research shows that cards are still the most used payment method in Europe (in 11 out of 18 countries cards were the number one payment method), but other methods such as digital wallets are growing fast. Card payments are especially popular in Denmark (accounting for 63.4 percent of ecommerce payments), Ireland (60 percent) and the United Kingdom (53 percent).
In countries such as Finland, Switzerland and the Netherlands bank transfers are a very popular payment method. Open invoicing, where consumers pay once the goods have been received, and direct debit payments account for 40 percent of online sales. And in Italy, almost a third of online purchases are done using digital wallets.
Czech consumers like to pay with cash
Although the Czech Republic shows the highest predicted compound annual growth rate, this Eastern Europe may get some problems with modernizing its payments landscape. Because currently, cash usage is very popular among Czech consumers. Settling payment on delivery with cash is even the most popular payment method in the Czech Republic, accounting for 45 percent of transactions.
Tags Czech RepublicEurope
Share
Source link
0 notes
Text
Global Mobile E-Commerce Software Market- Industry Analysis, Size, Share, Growth, Trends and Forecast 2020-2026
Summary – A new market study, titled "Global Mobile E-Commerce Software Market- Industry Analysis, Size, Share, Growth, Trends and Forecast 2020-2026" has been featured on WiseGuyReports.
This report focuses on the global Mobile E-Commerce Software status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Mobile E-Commerce Software development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
Also read – https://www.einpresswire.com/article/518652812/mobile-e-commerce-software-market-2020-global-industry-analysis-size-share-growth-trends-and-forecast-2025
The key players covered in this study
Shopgate
Shopify Mobile App Builder
Moltin
Branding Brand
Elastic Path
Knowband
AmazingCart
Apptuse Go
Contus
Dynamicweb
Elite mCommerce
exporthub
Fusn
ImpowerTM
Mad Mobile Concierge
Poq
SYZ SHOPPING
Market segment by Type, the product can be split into
Cloud Based
Web Based
Market segment by Application, split into
Large Enterprises
SMEs
Market segment by Regions/Countries, this report covers
North America
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Mobile E-Commerce Software status, future forecast, growth opportunity, key market and key players.
To present the Mobile E-Commerce Software development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by type, market and key regions.
In this study, the years considered to estimate the market size of Mobile E-Commerce Software are as follows:
History Year: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year 2020 to 2026
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
For more details - https://www.wiseguyreports.com/reports/4904496-global-mobile-e-commerce-software-market-size-status-and-forecast-2020-2026
About Us:
Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.
Contact Us:
NORAH TRENT
Ph: +162-825-80070 (US)
Ph: +44 2035002763 (UK)
0 notes
Text
Global m-commerce will overtake desktop shopping by 2023 – if it hasn’t already
Mobile is set to dominate retail in the coming years, predict studies
Mobile continues its ascent to dominance as the most popular shopping channel, driven by UK consumers seeking ever-more convenience. Growing at a rate of 16% annually in the UK, m-commerce is set to be worth £88.1bn by 2022.
According to new data from payments company Worldpay, the total eCommerce market in the UK is set to grow by 40% between now and 2022 to £240bn (9% CAGR). E-wallets in particular are favoured when purchasing via mobile, currently making up 23.2% of online payments in the UK.
This is set for rapid growth driven by increased smartphone ownership, faster mobile networks and consumers continually looking for a more seamless payment experience.
But it could happen way sooner than the early 2020s. Research earlier this year by Shopgate suggests that some 54% of the $414bn (£297.32bn) from ecommerce sales is expected to be mobile this year, overtaking desktop by the end of 2018.
The predicted rise in mobile commerce is a strong vote of confidence for the security and convenience of the UK’s digital payments.
Worldpay’s report, which examines online shopping in 36 countries across five continents, found that m-commerce currently accounts for 38% of the £990bn in global eCommerce sales, and global m-commerce is set to grow a staggering 19% over the next five years.
The largest markets in the world for m-commerce are China (£0.57trillion), U.S. (£0.16 trillion), UK (£48.8bn), Japan (£26.4bn) and South Korea (£22bn).
Motie Bring, general manager for the UK, Global Enterprise eCommerce, at Worldpay Inc. explains: “The UK in particular is a highly-developed market, and with 99% of the population connected to the internet, e-wallets are clearly the future of mobile commerce for shoppers – but this is only the beginning. The latest innovations in device hardware, from voice recognition to facial scanning, are helping make payments more seamless and secure than ever before, prompting consumers to ditch desktop in favour of their smartphone or tablet.To stay ahead UK merchants should invest in their own apps, building a seamless shopping and checkout experience across every device, and support the most popular payment methods.”
Three steps to mobile payment heaven for retailers
Off the back of the research, Worldpay has published guidelines for merchants to help capitalise on the global mCommerce opportunity. Here are three steps to mobile payment heaven:
1) Consider developing a branded app. We know that 71% of shoppers prefer apps over mobile browsers when shopping on their smartphone, and many say they won’t buy from a business that doesn’t have an app. It’s no longer enough to just have a mobile-optimised website – if you’re not prioritising a transactional app for your brand, you’re not putting your best foot forward.
2) Make it easy and use biometrics to speed up the journey. Shoppers are becoming increasingly familiar with the concept of fingerprint scanning and facial recognition, so they do not shy away from using these methods as a form of authentication. Biometrics place payments at the back of the user’s mind, giving them a faster and friction-free experience, making the payment seem ‘invisible’.
3) Identify the most popular payment methods in each territory in which you operate. There are huge differences in payment preferences across the world, and alternative payment methods are gaining share over traditional credit and debit cards. There’s no one-size-fits-all in any region so you’ll need to understand the best options for your company.
Image: Fotolia
0 notes
Text
Your M-Commerce Deep Dive: Data, Trends and What’s Next in the Mobile Retail Revenue World
I often find myself doing a double-take when someone refers to mobile commerce as “the next big thing.”
For me this implies that mobile commerce is a trend, a passing fad that will soon be forgotten, or superceded by something else.
It isn’t.
Is mobile commerce different to ecommerce?
Yes, and no.
Mobile commerce is a natural progression of ecommerce.
On some levels they are nearly identical, but there are also important differences between the two.
As a result, you will see me use ecommerce instead of mobile commerce a few times throughout this article, and you are welcome to do the same.
But I will only interchange them when referring to the aspects that overlap; there will be times when only mobile commerce will do.
Why does mobile commerce matter?
Mobile commerce is not replacing ecommerce, but a larger portion of ecommerce sales are now coming from mobile devices.
eMarketer forecast global ecommerce sales of $2.290 trillion for 2017, considerably higher than the $1,179 trillion forecast by Goldman Sachs in 2014.
At the same they were expecting mobile commerce to account for up to 70% of ecommerce sales throughout Asia.
In Germany, the US, and the UK, mobile commerce was predicted to make up a third of all retail ecommerce sales.
By now your website – and online store – should already be accessible on mobile devices, but that doesn’t automatically mean your business is ready for mobile commerce. A
nd as eMarketers numbers suggest, you could be missing out on a lot of sales.
So, let’s start from the beginning.
What is mobile commerce?
Mobile commerce, also called m-commerce or mcommerce, includes any monetary transaction completed using a mobile device.
It is an advancement of ecommerce, enabling people to buy and sell goods or services from almost anywhere, simply using a mobile phone or tablet device.
But mobile commerce is more than just a simple evolution of ecommerce.
It has also served as a trigger for new industries and services, or helped existing ones grow, including:
Mobile money transfers.
Electronic tickets and boarding passes.
Digital content purchases and delivery.
Mobile banking.
Contactless payments and in-app payments.
Location-based services.
Mobile marketing, coupons, and loyalty cards.
Are there different types of mobile commerce?
While m-commerce covers a wide variety of transactions, they can all be categorized as one of three types:
1. Mobile shopping.
Mostly similar to ecommerce, but accessible via a mobile device. Mobile shopping is now possible through mobile optimized websites, dedicated apps, and even social media platforms.
2. Mobile banking.
Not too different to online banking, though you may find some transaction types are limited or restricted on mobile devices. Mobile banking usually involves a dedicated app, though some banks have started experimenting with the use of chatbots and messaging apps.
3. Mobile payments.
There are so many diverse mobile payment options that we have chosen to cover them in detail further in this article.
As a business owner, and user of BigCommerce, your exposure and interest in mobile commerce would mostly relate to shopping and payments, which is what the rest of this article will focus on.
Advantages (and Disadvantages) of Mobile Commerce
There are disadvantages to many forms of doing business, but this should never be viewed as a significant hindrance.
The advantages usually outnumber the disadvantages, and there are ways to overcome many of the pitfalls, especially when you know what some of them are.
Let’s start with the good, first.
Common Benefits of Mobile Commerce
1. Better overall experience for customers.
Ecommerce already made shopping more convenient.
Consumers were given access to:
A wider variety of products.
More competitive pricing.
All without ever having to step away from their computer.
With mobile commerce, they still have these benefits, but now they don’t even need a desktop computer.
As long as they have a mobile device, they can shop whenever they want, wherever they are.
Mobile Responsive Out Of The Box
BigCommerce had multiple out-of-the-box theme options that were mobile-responsive. I bought a template for $149.
Honestly, that was a game-changing moment because all of our mobile traffic from social media, could now check out easily.
The conversion rate immediately went up. Mobile time on site went up. Everything went up! When I switched from Volusion, we could only do $400,000 in sales. My first year with BigCommerce, we almost tripled our sales to $1,100,000.
– Tyler “Sully” Sullivan, Founder of BombTech Golf
New mobile commerce applications that enhance the customer experience even further include:
Augmented reality, with Ikea and Sephora among top retailers using augmented reality apps to complement their mobile commerce business
Chatbots and messenger apps which making it easier for businesses to interact with their customers using apps and services their customers already use and love.
2. Phenomenal growth potential.
eMarketer expects global ecommerce sales to reach $4.058 trillion by 2020, representing 15% of total retail sales.
And the percentage of that belonging to m-commerce will also continue to grow, as more online retailers see more than 50% of traffic coming from mobile devices.
This suggests that retailers investing more in mobile commerce can ultimately expect a higher conversion rate and ROI.
3. A true omni-channel experience.
An omni-channel experience is when stores sell both online and offline — likely also selling through multiple online channels (i.e. on Amazon, eBay, Facebook, B2B).
We’ve also been referencing the importance of listing your product wherever consumers are already spending their time. This is increasingly known as contextual commerce, a more strategic take on the overarching omni-channel term.
Omni-channel is about being where your customers are, and making it possible for them to buy what they want.
And mobile commerce makes this easier than any other form of multi-channel marketing and selling.
Push Products to Amazon in One Click
BigCommerce’s Amazon integration is really good – and it’s really helped us out. We’re converting more ecommerce and online sales due to our Amazon presence now.
I would have never gone out to put products on Amazon on my own. The fact that it was going to be easy to integrate directly through BigCommerce if why I did it – and now, we see 1 out of every 10 orders coming to us through Amazon.
It’s a great gateway to gaining customers, especially when you are strategic about which products you put up there, and which you make exclusive for your own site.
I think beyond just selling on Amazon for Amazon’s sake. Being there helps to create more customers for our website, too. It helps us with volume and with growing our website and our clientele.
– Brent Densford, CEO of BeachRC
4. Variety of payment options.
With new mobile payment solutions emerging, it is now possible to offer customers a truly diverse range of payment options.
This doesn’t mean we’ve moved beyond “cash or card,” but mobile commerce has given up mobile wallets, which make one-click checkouts possible in more than one store.
No more having to manually enter your credit card details and shipping details the first time you shop at a new online store.
Popular mobile payment solutions include:
Apple Pay.
PayPal One-Touch.
Visa Checkout.
Amazon Pay.
Common Pitfalls of Mobile Commerce
1.Constant need for optimization.
This isn’t so much of a pitfall as it is a need to change your way of thinking when it comes to developing and managing your online store.
As we will discuss later, the speed at which the pages of your website load play a critical role in conversions and repeat business.
You will need to be aware of advancements in technology, and changes in optimization best practices to ensure your website – at least on mobile – offers a superior experience that is fast and simple to use.
2. Variety of payment options.
The diversity of payment options is both a benefit and pitfall when it comes to mobile commerce.
Many mobile wallets are not available in all geographical locations, while consumers in some locations prefer one payment option over another.
In Holland, for instance, 70-80% of people use iDeal, which is a payment system not really used anywhere else. If you don’t have iDeal in Holland, the Dutch won’t buy from you.
All countries have their nuances like that, which is why it was so important we used Adyen with BigCommerce. Adyen supports a large volume of sales, and allows customers to choose their preferred payment method without cluttering up the checkout flow with a bunch of different payment options.
You can even use IP addresses to automatically fill in a country’s preferred payment as someone checks out, so you don’t disrupt the checkout flow for the end user.
– Rogier van Genugten, CEO at Vinyl Express
And offering more choices for payment isn’t always a good thing.
A regularly cited study from 2000 found that a higher number of choices often leads to a decrease in sales and customer satisfaction.
It will be difficult to get the right mix of payment options when your online store first launches, but in time you will gather reams of data about your customers that will allow you to adjust them to what your customers use and want.
One-click solutions will always be preferable because they make checkout less cumbersome, but don’t ignore some payment options because they only work in certain locations.
3. Easier for customers to compare prices.
The traditional way to do a bit of comparative shopping was to know your prices in advance, by scanning a number of catalogues and advertisements before you went to any physical stores.
Alternatively you could have moved from one shop to another, and get a great workout in the process.
But mobile commerce has – again- simplified this.
Armed with little more than a mobile phone, customers are able to rapidly compare the prices – and shipping costs – for dozens of stores until they find the one offering the most value.
And most of the time this happens without you even knowing it.
You can overcome this by – like your customers – constantly being aware of what your competitors are charging for the same products, not just those close to you, but also those miles away, and even across borders.
4. Need to know and comply with a wider range of regulations.
This is a pitfall for both traditional ecommerce and mobile commerce: knowing and complying with a large number of tax laws and other regulations for all the countries you ship to.
Some online stores avoid this by only selling and shipping to residents of one country, or only a small handful of countries.
But this severely limits the size of your market, which is meant to be a benefit of ecommerce.
It is true that some products can only be shipped to a few international markets, but for everything else you should – as your business grows – investigate the feasibility of expanding across borders.
A smart alternative is to make some of your products also available via Amazon, so while your own online store only ships to certain locations, through Amazon you are able to ship far more widely. With Amazon taking care of many of the regulations involved.
Own a New International Market Now
Cross-border commerce happens for online brands regardless of their strategy. The internet is a free for all –– with IP addresses dictating the currency your international consumers see.
But what if you are ready to invest in international expansion and localization to own a brand new market long before you competitors?
That’s what this guide will teach you to do.
Get the guide.
Understanding Mobile Payment Options
Choosing the right payment solution for your ecommerce business is even more important when it comes to mobile.
Your customers would prefer skipping the need for adding credit card and shipping details, so one-click solutions that integrate with mobile wallets offer you and your customers more.
Simpler checkout and payment leads to more conversions, more sales, and more repeat business.
For some brands, like Power Support, choosing the right payment solution can result in an immediate increase in conversions. For Power Support, they say a 26% increase in orders within two weeks after installing Amazon Pay.
Mobile payments is one type of mobile commerce that has become an industry all of its own.
Mobile payments now include:
Mobile wallets, also referred to as digital wallets
Contactless mobile payments
Closed loop mobile payments
Money transfers
Mobile point-of-sale (POS)
Carrier payments
While not all of these are applicable to ecommerce, it helps to understand what each type of mobile payment means.
1. Mobile wallets.
Mobile wallets make it easy for online shoppers to securely store their credit card details, shipping address, and more.
The benefit to shoppers is that when paying for online purchases they don’t need to enter all this information again, which can be especially awkward on mobile phones.
At checkout they simply select the mobile wallet they are registered with, and authenticate using Touch ID or a PIN. Nothing more.
There are a many mobile wallets available, though some are limited to specific geographical locations, and only a few are accepted by most ecommerce merchants.
Here is an example a brand out of the UK, Sour Cherry, using PayPal One-Touch for a one click payment option.
Similarly in the U.S., brands like Natori build a one-click m-commerce option:
Well-known mobile wallets include:
Apple Pay.
Google Pay.
Amazon Pay.
PayPal.
Samsung Pay.
2. Contactless mobile payments.
Contactless mobile payments make use of select mobile wallets to facilitate payments made in-store.
Supported mobile wallets typically include:
Apple Pay
Google Pay
Samsung Pay
Some banks launching their own mobile wallet too.
When making a payment in a physical location, customers can place their phone close to a supported terminal to validate and transmit payment, instead of swiping their debit or credit card.
3. Closed loop mobile payments.
Closed loop mobile payments are exactly the same as mobile wallets, but are linked to a single brand via a dedicated mobile app.
Examples include:
Walmart Pay
Starbucks
Taco Bell
All allow users to add their card details to the mobile app, and to then use the app to pay for their purchases in-store.
Here’s an example of Atlanta Light Bulbs’ app payment walk-thru. You can see, you only have to insert your information once, and then it’s one-click every other time you buy from them.
4. Money transfers.
Money transfers were previously limited to banking apps, but now there are an increasing number of ways to transfer money from one person to another – on a mobile device – without using a banking app.
Early adopters of this include:
PayPal
Google
Now you have:
Venmo
Square Cash
WeChat
SnapChat
Facebook Messenger
5. Mobile point-of-sale (POS).
Mobile POS is a way for smaller merchants to process card payments without a traditional card reader.
bulSquare, PayPal, and other payment solutions also offer mobile card readers that are portable, and only need a mobile phone in order to process any payments.
These could either be small card readers that attach to your mobile phone, or contactless card readers which would allow customers to pay for their purchases using certain mobile wallets.
Some of these solutions integrate with various ecommerce platforms, so if you have both an online and physical store your sales and inventory are automatically synced.
Offline to Online Inventory Syncing – Automatically
The Square POS inventory sync and catalog import are exactly what I was looking for. Other platforms take up to 24 hours to update inventory, but BigCommerce captures changes instantly.
– Alexander Head, Drink Dispatch
6. Carrier payments.
Used less frequently these days, carrier payments were perhaps the original form of mobile payments.
Carrier payments were once a popular method for paying for downloadable ringtones, but is now mostly used for making charitable donations.
A user sends a message to a specific mobile number, and the value of the transaction is added to their next cellphone bill.
The Impact of Page Speed on Mobile Commerce
Page speed has always been an important consideration for websites, and it is even more important when it comes to mobile commerce.
Google has been encouraging developers to optimize for mobile page speed ever since they noticed that more than 50% of search queries were happening on mobile devices.
Page speed has long been a ranking factor, but Google has always only considered the speed of desktop versions of websites.
This changes in mid-2018 when mobile page speed becomes a ranking factor.
+272% in Mobile Revenue
The number one benefit of re-platforming is the responsive site. Now our mobile conversions are increasing rapidly. Mobile conversion rate is up 272% and mobile revenue is up 193% since this time last year.
I’m obviously very pleased with our growth and I definitely attribute it to our re-platform and our new mobile sites.
– Cory Barnes, Digital Marketing Manager for Exxel Outdoors
But how your site ranks in Google isn’t the only reason to pay attention to mobile page speed:
Forrester found in 2009 that 40% of consumers won’t wait longer than three seconds for a page to load before leaving a site completely.
With online shopping, site loyalty is contingent on page speed for 52% of shoppers. If made to wait, 14% of online shoppers would simply switch to shopping at another site.
After a poor site experience, 79% of online shoppers state they are less likely to support a site again.
The study reporting these figures is almost 10-years old, but our expectations in terms of mobile page speed are likely even higher now.
A more recent study by Google found that the probability of bounce increases exponentially the longer a site takes to load on a mobile device.
5 steps you can take to improve mobile commerce page speed
Most ecommerce platforms have various page speed optimizations built-in, but this doesn’t absolve you from running a few page speed tests, and identifying areas that could do with improvement.
1. Run some tests.
It is important to remember that users with a high-end smartphone on a WiFi connection will have a far superior experience than someone with a mid-tier smartphone with a 3G connection.
To account for this, we suggest running separate speed tests using several different tools:
Test My Site – a Google tool for testing mobile page speed. The test is run over a simulated 3G connection, and the results show how long the page takes to load, and how many visitors you can expect to lose with that loading time. You can enter your details to receive a slightly more detailed report via email.
PageSpeed Insights – another Google tool, but here you can expect a grading (and improvement suggestions) for both mobile and desktop speed. Here the performance of your website is compared to that of pages monitored by the Chrome User Experience (CrUX) report, and rated as fast, average, or slow. Your page is also assessed to see if it follows any common performance best practices, and you are then given suggestions on how to improve performance.
WebPageTest – using this tool you are able to specify what browser, device, and connection type the test should be run on, giving you a better idea of how your website performs for the average user. The results are more detailed, and while you aren’t given any suggestions, you will be able to better identify the root cause of any performance issues.
Pingdom – the reports returned after a test using Pingdom are easier to understand than those of WebPageTest, but the free test doesn’t include an option for mobile only.
It’s important to remember that all of the tools mentioned here are only ever testing the page speed for a single URL, not your entire site.
Depending on how your site has been designed, many suggested optimisations could be applied to your entire website, though you may still want to test several different pages to look for any isolated issues.
The following points will discuss how you can implement suggested optimisations to improve the mobile page speed of your site.
2. Optimize & reduce images.
Images are one of the biggest contributing factors to poor page speed for two reasons:
They aren’t always optimized, and
There are often too many on one page
Ecommerce sites undoubtedly benefit from the use of high quality images, but modern image optimization makes it possible to reduce the file size of images without affecting the digital quality.
But image optimization isn’t just about reducing the file size, it’s also about resizing images for different devices.
Get Automatic Image Optimization Now
BigCommerce recently partnered with Akamai to integrate automatic image optimization into BigCommerce stores using the Stencil theming engine.
The Akamai Image Manager automatically optimises and resizes images, and also converts them image formats that offer higher levels of compression. Customers in the closed beta for this integration reported as much as 70% improvement in load time across their sites.
Learn more.
Unfortunately, ecommerce sites are also at risk of poor mobile page speed as a result of too many images on a single page.
Because customers can’t pick up – or try on – products in an ecommerce store, it’s only natural to compensate for this by including multiple images of the same item from different angles.
But the old adage of “less is more” still applies here.
If you plan your product photos properly, it is possible to get by with two to four images, instead of six or more.
In many instances, all you need is a shot of the front, the back, and maybe one or two close-ups that show specific features.
Given how much influence images have on page speed, optimizing your images – and even reducing the number of images on each page – will almost always result in a noticeable improvement in load time.
3. Minimize code.
Minifying HTML, CSS, and JavaScript code involves stripping the relevant files of all spaces and line breaks.
Doing this doesn’t reduce the file size as dramatically as with image optimization, but every millisecond improvement in page speed counts.
Google recommends several tools which will minify your code for you, though most ecommerce platforms also minify these files automatically.
Every App Is Code
More built-in functionality means less apps –– and less apps means less code –– and less code means a faster site.
But that’s only part of the reason why BigCommerce merchants sell 34% more than those on Shopify.
Learn more.
4. Reduce tracking snippets.
The use of 3rd-party tracking and analytical services is a necessary evil when it comes to ecommerce.
But if you’re not using the Google Tag Manager, the snippets of code required by each service can affect page speed.
With Tag Manager you are still able to use all your preferred tracking and analytical services, but you only need to add one snippet of code to each page.
Set Up Google Analytics Across Your Site in 3 Minutes
BigCommerce customers don’t need to manually install snippets on every single one of their site’s pages to get the benefits of Google Analytics data.
Instead, one snippet drop on the backend will automatically place the code where it needs to go on your site to make setting up tracking quick and easy.
5. Do a feature audit.
Featuritus is a term originally used to describe the unnecessary addition of features to software.
And it’s a term that – along with Bright Shiny Object (BSO) syndrome – is also relevant to web sites.
Each feature and software integration you add to your site requires additional resources, which impact on page speed.
A feature audit means honestly judging the value of each feature and app you’ve integrated into your site.
The tests you ran through Pingdom and WebPageTest would show the impact of any scripts, images, and other resources needed for some features and apps.
Now ask yourself the following questions:
Do you and your customers benefit from all of them?
Is the benefit gained more valuable than that of a better page speed on mobile?
Would removing any of them negatively affect sales and conversions?
If so, is there a way to keep the feature or app, but reduce the impact on page speed?
Depending on your site structure, not all of the optimization suggestions made by Google – or discussed here – will be possible.
And while those that are typically lead to speed improvements measured in milliseconds, each millisecond adds up.
And in the words of Daniel An, Global Product Lead for Mobile Web at Google:
No matter what, faster is better and less is more.
Remember also that there is a lot to gain from taking a mobile-first approach to developing and optimizing your website.
Mobile-First Wins
When we designed our new website, I told the designer, ‘Don’t send me desktop designs. Make mobile perfect, then make a responsive version for desktop.’
We’ve achieved 5% conversion rates on mobile with over 80% of our sales on mobile devices.
– Brandon Chatham, CEO at NatoMounts
Deciding Between a Mobile App and Mobile Website
People began talking about mobile apps as the future – and as a must-have for any business – soon after Apple and Google first launched their app stores.
And while for some businesses there certainly is value in having a branded app, there is still some doubt over whether every business stands to benefit from having a branded app.
In their analysis of Google in late 2015, Morgan Stanley wrote:
Mobile browser audiences compared to mobile app audiences
U.S. mobile is still largely a browser based world as mobile browser audiences are ~2X larger than app audiences across the top 50 U.S. mobile web properties.
As shown, the median browser audience (across the top 50 U.S. mobile apps as of July 2015) has grown at 61% per year, while app audiences have grown at an average of 51% per year.
Said another way, mobile browser audiences have grown 1.2x faster than mobile app audiences off of a 1.8x larger base.
Note that this over-indexing toward browsers is the opposite of what most investors we speak with expect, who often ask about the”app-lification” of consumer behavior as we transition from desktop to mobile.
We attribute this difference to the most commonly cited industry report on app and browser behavior published by Flurry, which asserts that:
Nearly 90% of time spent on mobile (across iOS and Android devices) occurs in app.
But Flurry’s breakdown of how people are spending their time on mobile matters, as we see that the app time spent data is skewed upward by gaming (32% of time) and social (a total of 29% of time between Facebook at 17%, Other messaging at 10% and Twitter at 2%).
This doesn’t suggest SMEs should completely abandon the idea of a branded app.
There are times when a mobile app definitely helps, especially when it offers more than a mobile web site can, as Doug Root, CEO at Atlanta Light Bulbs discovered through one of BigCommerce’s software integrations, which:
[…] enabled us to build our own shopping app.
Our customers love it! We’re able to give it to our commercial customers, to set them up, put their favorite products in their phone, and then say, “Here, bam! All you’ve got to do is order on your phone, and you’re ready to go.”
Orders just roll in on the BigCommerce platform. It all talks back and forth wonderfully.
And BigCommerce’s strategic partnership with Handshake promises to give B2B customers unique features like:
A mobile sales app for paperless order writing. Perfect for tradeshows and customer appointments, it works both online and offline and helps you ship orders in hours instead of days.
A B2B ecommerce portal that lets customers place orders with you more often. It streamlines your processes, reduces order time and eliminates service calls for pricing and availability.
A dedicated mobile commerce app for your B2B buyers to help them save time by buying from their shelves. They can scan barcodes or search for products to quickly build orders.
For B2C customers, a Progressive Web App (PWA) could prove to be of more value than simply repackaging your website as a mobile app.
PWAs are a fairly new concept that has seen incredible adoption by big brands over the last year.
There are several features of PWAs that explain this:
The can be developed and deployed in less time – and at a lower cost – than regular mobile apps. In most instances they only require some modifications to your website code, and the inclusion of a few extra components.
They already support key “app-like” features like push notifications, background syncing, offline functionality, and being ‘added’ to the home screen. Other features like geo-fencing, etc. are planned.
They are cross-platform, and if setup correctly, will work as a traditional website on any desktop device and Apple mobile device. On Android devices (using the Chrome browser) they look and behave more like a traditional mobile app.
They don’t need to be submitted to app stores, which means you don’t need to put in extra effort marketing them, and your customers are not expected to download and install anything.
Progressive refers to another key feature: PWAs need to be supported by almost any device and browser, from entry level through to high-end.
This usually means either only including features supported by entry level devices, or creating different versions for different devices.
With PWAs, all the features you want can be included, but they will only become available to users progressively.
A user on a slow connection with an entry-level device will still be able to browse your store, and place an order. But they won’t see certain interactive features, and background syncing and offline functionality might be disabled.
AliExpress was a very early adopter of PWAs, and following their launch noticed:
Conversions for new users across all browsers grew by 104%, with an 82% increase in their iOS conversion rate.
The number of pages visited per session per user across all browsers doubled.
Time spent per session across all browsers grew by 74%.
One possible explanation for the iOS growth – despite the current lack of support for PWAs on iOS – is that PWAs are usually faster than regular websites and mobile apps, and use considerably less data.
Deciding whether to launch a mobile app – or PWA – shouldn’t be driven by claims that everyone else is doing it.
It should, instead, be influenced by whether or not it offers benefits and value to your customers, and to you.
Top Mobile Commerce Trends in 2018
As a final reminder that businesses can no longer afford to ignore m-commerce, the data team at BigCommerce analyzed figures and trends across the BigCommerce platform in 2017, in order to highlight just how important mobile commerce is right now.
Here are the biggest mobile commerce trends in 2018, based on consumer shopping data.
1. Increased trust.
More consumers feel comfortable shopping on mobile than ever before. Security issues have diminished as the age of m-commerce has increased.
Additionally, consumers are more and more of the “digital native” age, meaning they’ve grown up with computers and the internet their entire lives.
These generations are more likely to use mobile commerce than older generations.
2. Faster checkouts.
One-page checkouts and digital wallets (Amazon Pay, Apple Pay, PayPal One Touch) have improved mobile conversion by up to 10% at launch.
And it’s no surprise – as more consumers are comfortable shopping on mobile, more convenient mobile checkout experiences have surged in popularity.
Still requiring folks to type in all their credit card numbers?
You’re losing out on sales.
3. Easier to use sites.
More and more sites are now optimized for mobile use.
As mentioned earlier in this piece, m-commerce isn’t going anywhere. It isn’t the next new trend. It is a staple of modern retail.
As a result, ecommerce platforms and businesses alike have moved into near 100% responsive site builds, meaning most sites today are easy to use on mobile.
What’s more though is that many brands are moving to mobile-first, or mobile-unique experience. In this instances, a mobile site is created specifically for the mobile user –– different than what the desktop version looks like.
Brands that do this often see an increase in mobile conversion due to easier site navigation and specific experience built for the unique browsing patterns and challenges of mobile shopping.
Mobile Commerce Statistics
Look, you don’t need an article to tell you that mobile commerce is important.
You probably shop on your phone – or browse there at the very least.
That said, numbers never hurt, especially if you are needing to convince others in your organization about the benefits of a mobile-first m-commerce strategy.
So, let’s look at the numbers.
Revenue impact for the retail industry.
Mobile conversion increased 30% YoY from 2015 to 2016.
In 2012, mobile sales accounted for 10% of total purchases across BC stores
In 2016, mobile commerce sales accounted for 31% of total purchases
Same store mobile commerce growth stats by country YoY.
U.S. businesses – 24% growth.
Australia & New Zealand businesses – 33% growth.
European businesses – 18%.
Canadian businesses – 19%.
Asia-based businesses – 42%.
Other – 30%.
Mobile device differences.
iOS users spend 18% more on average than Android users.
Desktop average order value (AOV) is 53% higher than mobile AOV (iOS + Android).
Desktop still matters.
Desktop AOV is 50+% higher than mobile AOV.
Average conversion rate by device:
Desktop: 4.31%.
Mobile: 1.5%.
Here’s the full m-commerce infographic to share:
Want more insights like this?
We’re on a mission to provide businesses like yours marketing and sales tips, tricks and industry leading knowledge to build the next house-hold name brand. Don’t miss a post. Sign up for our weekly newsletter.
Your M-Commerce Deep Dive: Data, Trends and What’s Next in the Mobile Retail Revenue World published first on https://goshopmalaysia.tumblr.com
0 notes