M-Commerce Statistics & Mobile Shopping Trends 2023

First, let us know what Mobile Commerce or M-Commerce is. M-Commerce is the use of mobile devices for money transactions. You can buy or buy things with its help without having to spend a lot of money with them. You can refer to it as a mechanized transaction in the new world. You can also pay bills and make online banking with the help of M-Commerce.

The range of devices capable of Mobile Commerce is growing. For example, digital wallets such as Apple pay and Android pay allow customers to make store purchases without using swipe cards. The name Mobile Commerce appeared in 1997 by Kevin Duffey.

If you’ve been following the latest consumer trends, you’ve probably heard people talk about the mobile phone business as the next big thing. The fact that the proliferation of mobile devices is occurring and their continued dominance over the desktop makes mCommerce a natural follower of eCommerce.

MCommerce and eCommerce have a lot in common. However, there are a few important differences between them that you need to know when trying to decide which the best way for your business is. Your company website and online store may already be set up for mobile devices. It means that your business can be ready to move commercially and to work with a mCommerce application development company.

Mobile commerce or m-commerce is an e-commerce subset that involves the purchase and sale of goods through a mobile device such as a Smartphone or tablet. As users discover devices with more features and data systems are more readily available, users are now finding it easier than ever to purchase mobile phones. And for people who are trapped in their homes because of the locks and restrictions associated with the epidemic, cell phone shopping is a lot of fun, especially during the holidays.

Now that you know what cell phone trading is all about you may be wondering why so many businesses are investing in it today. The fact is that the mCommerce system offers many benefits to companies and customers who use it.

Mobile Commerce stats you need to know

• By 2021, mobile commercial sales will account for 54% of total eCommerce sales.
• One-third of consumers’ purchasing decisions are influenced by product research on mobile devices.
• More than half of the vendors (53%) developed a mobile app, and more than 50% of the remaining wanted to build it.
• In Q2 2019, eCommerce spending in the US reached $ 41.2 billion.
• The total number of American consumers buying mobile phones is expected to reach $ 168.7 million.
• Mobile retail sales volume will more than double between 2017 and 2020 to reach $ 336 billion by 2020.

M-Commerce Statistics for 2021

To keep you informed of the latest trends and predictions in the market, we have decided to provide you with the latest m-commerce statistics for 2021. Let’s get started.

1. M-Commerce sales are set to reach $ 3.56 trillion by the end of 2021.
Source: Statista
This results in an increase of more than 22.3% of total sales reported in 2020 – $ 2.91 trillion. M-Commerce growth statistics show that since 2016, m-commerce has seen an average increase of 33.1% annually! And there is no delay.

2. The global share of m-commerce in e-commerce has increased to 72.9%

There has been a huge increase in m-commerce sales in e-commerce since its 2016 market share of 52.4%. M-Commerce vs e-commerce statistics shows that this figure now stands at 72.9% – almost ¾ on all e-commerce sales.

3. The countries of Europe and North America are expected to be the leading players in the mCommerce market between 2020 and 2024

By 2024, European and North American mCommerce proves that it will bring huge profits to mCommerce. Reports also indicate that Asia-Pacific and Middle Eastern countries will bring more users to the market.

4. The global id identifier for the coupon industry has grown by 56.55 by 2025

In 2018, more than 25 million Americans used mobile coupons. They are an effective way to push customers to continue their purchases. According to mCommerce statistics, the mobile coupon industry is expected to grow at a CAGR of 73.14% from 2016-2020. This growth is slightly higher than expected over the next five years.

Statistics About Mobile Shopping Practices

1. About 70% of consumers download the merchant app.

Mobile channels are very important to marketers. The number of consumers downloading apps to browse products, read product reviews, and shop online is constantly increasing.

Users can also use these apps to find nearby stores and even access coupons. According to mobile marketing statistics, more than 67% of all consumers have downloaded the merchant app, some doing so to take advantage of a discount/coupon.

2. About 77% of American consumers use their mobile phones in stores to compare prices.

Mobile devices can come in handy when shopping. Mcommerce apps can help consumers find better deals on a product they purchase in person. Mobile shopping trends currently show that approximately 77% of consumers in the United States use mobile devices while shopping, especially to compare prices.

3. Mcommerce statistics show 67% of customers make a purchase through a digital window on mobile.

Many online consumers use these apps for entertainment, with no intention of buying anything. And yet, 77% of those buyers end up buying in a hurry. Therefore, it is useless for retailers to login and create their own shopping plan or website.

4. 54% of users use social media to research new products and services.

As social media statistics show, people spend an average of 145 minutes each day browsing social media. The most important information is that 54% of people who use social media use it to research new products or services that they are interested in. Ecommerce and mobile phone statistics continue to show that up to 71% of people are likely to make purchases based on the transfer of social media.

5. On average, Americans spend more than 4 hours on their smartphone every day.

They continue to test it over and over again 150 times a day. When put together, this means that two months of the year are spent on using our phones. Naturally, part of the screen time goes to stores.

6. 83% of users use some form of shopping app on their smartphones while shopping inside the store.

Smartphones are at the forefront of online shopping, according to the latest mobile ecommerce trends. 83% of customers use shopping apps on their smartphones or browse store-bought items. More than half of consumers (54%) currently expect brick and mortar stores to offer a shopping app, m-commerce statistics show.

7. 43% of smartphone owners rated online purchases as their top job.

Nearly half of all smartphone users consider purchasing using m-commerce apps or websites as their main activity when using the phone. Tablet owners are also working hard to do this, even if it’s a small number. Only 18% of them view online shopping as their favorite activity when using the tablet.

8. The number of pedestrians in the US is expected to reach 187 million by 2024.

US m-commerce statistics show a steady increase in the number of people jumping on a mobile shopping train. By 2020 there were 167.8 million buyers, which are 605 residents of the entire American population. Mobile buyers are defined as people who buy at least one item using a mobile app or website. Their number is expected to increase by 0.6% annually, reaching 187 million by 2024.

9.  Amazon is the number one mobile app purchase app in the United States.

US Commerce statistics show that since 2019, the Amazon mobile app has become the leading shopping app on all platforms. If we look at the Apple Store and Google Pay Store separately, there is a level difference, but when combined, Amazon dominates the most. By 2019, more than 150 million users acquired the Amazon mobile app. This makes up 80.64% of all mobile phone users. Other popular shopping apps include Walmart and eBay.

Global Mcommerce Stats

1. Commercial sales in the UK increased to $ 78.03 billion by 2020.

The sale of mobile phone sales in Britain has grown to 61.4 billion. It was the first time that m-commerce sales were more than half the total ecommerce sales in the United Kingdom.

2. UK m-commerce sales will reach $ 134.37 billion by 2024.

Following the growing trend of m-commerce sales seen in the United Kingdom, they are expected to reach $ 134.37 billion by 2024, m-commerce figures for the UK system. This means that m-commerce will make up 63% of all ecommerce in Britain. It will account for more than 20% of all sales in the country.

3. By 2020, 875 UK families have purchased online.

This has been the highest percentage of online shopping in the UK in the last 11 years. This will show how much the retail space in Britain is changing, and the epidemic that is affecting online change.

4. Mcommerce statistics show that UK consumers have spent 82 billion hours browsing shopping apps by 2020.

Online mobile shopping has become one of the UK’s leading hobbies for 2020. According to reports, UK consumers in total spent 82 billion hours using shopping apps by 2020. This is an increase of more than 30% year on year, a number that is expected to increase steadily in 2021.

Patterns User Patterns For App Users

• 67% of consumers download the merchant app.
• 77% of US consumers use their device stores to compare prices.
• 71% of store-bought consumers who use smartphones in online research say that their device is very important to their store knowledge.
• 67% of customers working through windows online shops are just having fun, and 77% of those end up with unthinking purchases in the end.

As mCommerce grows in its market share, it is becoming increasingly important for eCommerce store owners to make their store responsive to all types of screens and devices. And while Smartphones have become the leading devices for browsing products, they still do not deliver enough conversion rates compared to tablets and desktops.

Mobile Search Statistics

• Mobile is the most important search platform for 48% of consumers who use a smartphone to start a search engine.
• 58% of Google searches are done by mobile phones. Only 5 years ago, this figure was almost half that (34%)
• 65% clicks on Google’s paid search results from mobile devices.
• 42% mobile band-based bandwidth includes Google search.
• 88% of consumers who want a local business type are on a mobile phone or who go to that business within 24 hours.
• 60% of consumers use social media to research new products and services.
• Mobile search is expected to remain relevant for a while as the world needs to simplify desks and larger types of devices. In 2019, the global mobile traffic share will earn 53.29% – about 10% more than its predecessor. This means that most of your customers are now mobile-based and as a result, to drive your mCommerce success, it is important that you understand and properly learn mobile SEO practices so that you have an easy time getting over the Google SERP.

Other M-Commerce Stats

• Global trade revenue is expected to reach $ 3.56 by 2021.
• 79% of smartphone users shop online using their devices over the past six months.
• 62.24% of people will have a cell phone by 2021.
• The share of mCommerce across eCommerce is expected to increase to 72.9% by 2021.

Mobile commercial time is now also important. Every day you do not use the best methods in your store and you could lose thousands of dollars.

For example, a retailer with annual profits of up to $ 20 million could see a loss of $ 1.4 million in revenue by delaying their use of Progressive Web apps for 1 month. And another $ 6.8 million will be lost if they decide to delay it for six months.

PWAs are actually a way to increase revenue for businesses, which is why it is a common practice among eCommerce retailers to use PWAs in bulk in their business, making it a new way to approach the development of responsive, leading online stores.

Mobile commercial time is now also important. Every day you do not use the best methods in your store and you could lose thousands of dollars.

Mobile purchases are often popular among the new generation, especially Gen Z users. However, Gen X and Baby boomer users also have more time spent on mobile apps. Depending on the location, the data shows that mobile phone users from Asian countries tend to buy mobile phones compared to other countries, even exceeding the global average. Holidays are also a time of great activity for mobile home buyers or for their loved ones. The future of the world is Mcommerce, people tend to go digital and cashless these days. To lead a safer and more secure world Mobile Commerce will play a vital road. According to a few payment gateways too, mobile commerce or net banking provides you the utmost security.

The ease of use and flexibility offered by mobile banking has attracted online users to banking apps. As a result, there is often a high percentage of users who have performed mobile banking transactions. Consumers expect usability and privacy without mobile banking applications while banks use them to provide users with customized offerings. In addition to its most common uses, traditional banking applications compete with fintech applications, which include not only bank applications but also budget and investment applications.

Therefore, you should always try to keep up with the industry and find out for yourself what current trends are best for you and your business. Your new programs, of course, should have statistical data in mind and not rely on hunting.