Find out who ranks third, with only China and US performing better
3 largest mobile commerce markets in the world – research. Source: shutterstock.com
As Ecommerce News reported, Worldpay presented a new study on online shopping in 36 countries across the globe. It shows that m-commerce currently accounts for 38% of the 1.13 trillion euros in global e-commerce sales and that global m-commerce is set to grow 19% over the next five years.
Top-3 economies in terms of m-commerce include China (652.6 billion euros), the US (183.2 billion euros), and the UK (55.9 billion euros).
In the United Kingdom, m-commerce leads as the fastest growing channel and is set to grow at a rate of 16% annually, to become worth slightly over 100 billion euros by 2022. The study also shows that e-wallets are a popular choice for UK consumers who purchase via mobile. This payment method currently makes up 23.2% of online payments in the UK.
