Written by, Alex Bosnjak
Updated April, 17, 2022
If your business has anything to do with ecommerce, you’ll want to know everything about mobile commerce statistics.
Mcommerce is one of the fastest-growing markets globally. What customers want and expect from businesses is evolving, with more emphasis than ever on two-way communication and convenience.
So, let’s explore the world of mcommerce and see what it means for all of us.
Mcommerce stands for mobile commerce. It refers to any transaction that happens on a mobile device. That ranges from buying coffee to sending money to your family overseas. So mobile commerce includes any time you contribute to ecommerce on mobile. Now, let’s jump right into what you should know about it.
Here are some of the essential stats.
(Source: Statista)
But how much is mcommerce worth?
(Source: Insider Inc)
Can you see what you’ll miss out on if you don’t find a mobile compatible website maker? Let’s look at more details on different locations to get a better understanding.
Australia has a massive mcommerce market, and we’re here to tell you all about it.
(Source: The Paypers)
So, what devices do Australians use to purchase online?
(Source: The Paypers)
What about selling?
(Source: The Paypers)
That’s not all. Aussies spend a serious amount online, too.
(Source: Statista)
We know what devices Australians are more likely to use, but what apps take their payments?
(Source: Carray Group)
Aren’t you curious to find out how users shop?
Online shopping stats help us understand better the user behaviour of mobile spending.
(Source: Industry Dive)
So, how many Americans are shopping online?
(Source: Statista)
Apps add significantly to online shopping, so where are users using them the most?
(Source: Industry Dive)
While mobile purchasing is up, we should also understand how these changes affect marketing.
(Source: Industry Dive)
After all that, how much is mcommerce making?
Sales stats give us a much clearer picture of where and how users spend money on mobile.
(Source: CNBC)
That’s not all.
(Source: Statista)
With all this mcommerce growth, surely there’s been a massive rise in smartphone sales?
Smartphone sales have had a dramatic increase globally.
(Source: Statista)
But how common is using your smartphone as a payment device?
Mobile payment options are growing rapidly. Let’s explore the market.
(Source: Mordor Intelligence)
But it’s not just the Indian market that’s growing.
(Source: Electronic Transactions Association)
We can’t help but wonder how many users use mobile payment.
(Source: Statista)
We’ve had a look at how marketing is changing with the growing rate of mcommerce. But what about more traditional marketing methods?
The average American checks their phone every 12 minutes. So, what does this mean for marketing?
(Source: SimpleTexting)
While more traditional methods of mobile marketing are popular, the future is looking pretty bright for mcommerce.
The mcommerce growth is undeniable, but what does the future have in store?
(Source: CNBC)
If companies want a piece of the pie, they have to jump onboard the mcommerce train, or they’ll be left behind.
Mobile commerce statistics show a massive market change. We see new trends in payment methods, research, customer-business interactions, and purchasing behaviour.
The smartphone may very well replace brick-and-mortar stores, changing the whole world of shopping.
Businesses and organisations that want a place in the market need to get on board the mcommerce train by ensuring mobile compatibility in their marketing and mobile commerce efforts.
Mcommerce is when a consumer uses a wireless device, like a smartphone or tablet to make online transactions. It’s not only for buying products. It covers any online transaction like paying a bill or online banking. And mobile commerce is on the rise, with billions of dollars spent every year.
Around 75% of online retailers have a mcommerce website. But the number is growing as more studies and research show the definite increase in revenue a mobile site can bring. Customers want mobile compatibility and apps for convenience and targeted marketing.
Yes, but don’t worry. Compared to a PC, hacking a smartphone is much more complicated. Still, like everything online, cybercrime is always a danger. That’s why mcommerce sites strive for the most advanced technology to keep your information safe. Also, most sites have insurance in place.
Mobile commerce statistics show that mcommerce is massive and keeps growing, but it hasn’t overtaken traditional retail. Still, ecommerce as a whole has increased dramatically, particularly between 2019–2021 where COVID-19 forced many to buy online for the first time. If the trend continues, mcommerce will overtake global payment methods as it has already done in China and India.