With the fastest growing online business, there is a simultaneous growth in the world of M-commerce too and thus, you can easily witness the drastic usage of mobile phones in every possible transaction. Mobile phones are playing a vital role, in terms of online transactions and everything else, that is the result of the growth of M-commerce in today’s world.
According to the recorded data M-commerce has been found to be emerging with the 200% faster pace, than compared to the other business. It was recorded that, with the end of 2017, over 2 Billion of the users have made the transactions using the mobile phones, which is a huge number although.
What you think? Will there be an increase in the number by the end of 2018?
Now, this is the question that, solely depends on the extension of the business and the way M-Commerce will deliver the growth in the life of the mobile users.
Comparison Between E-Commerce & M-Commerce
Where on one hand E-Commerce is expected to grow by 15%, on the other hand, M-Commerce is growing at a much higher rate i.e by 31% as compared to E-commerce. So, from here you can clearly sort out the comparison and witness the clear growth in terms of E-Commerce & emerging M-Commerce markets.
Reason Behind Fast Growth OF The M-Commerce Business
M-Commerce has witnessed a wide transaction and the usage of mobile phones in the top 5 countries Singapore Malaysia, Thailand, Philippines, Indonesia with its annual growth rate in the year 2017.
Country Wise Annual Growth Rate
Singapore- By 39%
Malaysia- By 40%
Thailand- By 52%
Philippines- By 25%
Indonesia- By 31%
Top 3 Emerging Markets in M-Commerce Sector
According to the data analysis, the top 3 countries between the year 2015-2017 that are clearly on the top among all, to emerge into the world of M-Commerce with a great force. The countries are
- Philippines
- Taiwan
- Malaysia.
Who Are The Top Retailers In The World Of M-Commerce?
There are top 5 retailers in the world of M-Commerce. As you can refer to the image that, clearly shows the sales of the global E-Retailers.
Top 3 Countries With The Highest No Of Mobile Users
- 52% of the mobile users were found in Thailand
- 45% are the mobile users in Taiwan
- Last but not the least, 40% of the mobile users exist in Malaysia
Average Order Percentage Of The Mediums
Through device, you can clearly see that
- 51.68% of the people are using smartphones for the online transactions
- 4.44% of the people are using tablets.
Through Mobile OS
- 77.13% of the people use google android
- 22.87% are using Apple IOS
Gender Wise Calculation
- 53.11% are female who uses mobile phones for their online transactions.
- 46.88% are Male who uses phones for the transactions
This is all according to the preferential choices.
Total No Of Coupon Users
The total number of the digital coupons redeemed worldwide, According to the experts, it was recorded that, there is huge no of the mobile users who are redeeming digital coupons only through mobiles. In 2017, there were total 560 Million mobile Coupons users and it is expected to jump to a great extent by recording 1.09 Billion of the mobile Coupon Users in 2019.
Total No Of The Digital Coupons Redeemed Worldwide
According to analysis, it has been found that the digital coupons are mostly redeemed by the mobile users like
- The total no of the Coupons redeemed in 2017 was 16 Billion.
- And, by 2019 it will increase and will be 30 Billion which is a great news for the M-Commerce Industry.
5 Retailers With The Highest No of Shoppers Using Phones
The 5 retailers across Asia that, has the largest no of mobile users for the shopping are
- Ebay
- Amazon
- Apple
- Netflix
- Wallmart
According to the needs and demands of the customers.
There are total 52% of the users, who are shopping through Apps & 45% of the customers are using browsers for the shopping needs.
Reasons for using mobile application for any transaction
- It is a fast, convenient and an innovative way to pay
- It is an easy mode of payment where you won’t need to carry a wallet
- Your information is stored and hence simplifies your payment
- You can keep a track of all the offers, coupons, discounts and other digital receipts for returns & exchanges
- No need to share your financial detail with the store or merchant, you are shopping with.
Top Mobile Payment Systems
- Apple Pay
- M2U Pay
- CIMB Pay
- t Cash
- Doku Wallet
- Google Pay
By using these payment modes you can make your shopping much easier and flexible and convenient too.
