{"id":325,"date":"2023-09-02T03:18:51","date_gmt":"2023-09-02T03:18:51","guid":{"rendered":"https:\/\/savemycent.com\/?p=325"},"modified":"2024-02-16T14:25:21","modified_gmt":"2024-02-16T14:25:21","slug":"m-commerce-statistics","status":"publish","type":"post","link":"https:\/\/savemycent.com\/m-commerce-statistics\/","title":{"rendered":"27 M-Commerce Statistics to Help Your Business in 2024"},"content":{"rendered":"\n
The retail industry is constantly changing, and with the rise of m-commerce, it\u2019s more important than ever to stay up-to-date on the latest statistics. In this article, we\u2019ll take a look at some of the most recent m-commerce statistics and trends. <\/p>\n\n\n\n
Generally speaking, businesses need to ensure that their websites are optimized for mobile devices if they want to capitalize on this growing trend. <\/p>\n\n\n\n
So, whether you\u2019re a retailer looking to expand into m-commerce or just interested in how this form of commerce is growing, you will find these stats helpful. Without further ado, read on and learn more.<\/p>\n\n\n\n
(Byteout<\/em>)<\/p>\n\n\n\n This is a significant increase from just a few years ago. <\/p>\n\n\n\n The rise in mobile shopping is due to many factors, including the increasing availability of high-speed internet connections, the improving quality of mobile devices, and the growing number of people who are comfortable making transactions on their phones. <\/p>\n\n\n\n In addition, many retailers have made it easier to shop on mobile via mobile-friendly websites and apps.<\/p>\n\n\n\n (The Drum<\/em>)<\/p>\n\n\n\n Among fashion retail sites, mobile traffic eclipsed desktop traffic in 2014. SInce then, the gap between them has only widened.<\/p>\n\n\n\n With more and more consumers using their smartphones and tablets to shop for clothes, it\u2019s crucial for retailers to have a strong mobile presence\u2014those who don\u2019t risk being left behind in the ever-changing world of fashion.<\/p>\n\n\n\n (The Drum<\/em>)<\/p>\n\n\n\n Travel-interested businesses such as aviation companies and hoteliers are struggling to replicate fashion retailers\u2019 enviable mobile commerce statistics. <\/p>\n\n\n\n While smartphones supply more than half of travel site traffic, mobile users often have to switch to personal computers since more complex purchases are usually harder to accomplish on small screens.<\/p>\n\n\n\n (Namogoo<\/em>)<\/p>\n\n\n\n If you\u2019re selling online, it\u2019s important to know that many of your potential customers may abandon their carts before completing their purchase. In fact, on average, 69% of online carts are abandoned before the checkout process is completed. <\/p>\n\n\n\n The rate of m-commerce shopping cart abandonment is high. There are many reasons why this may happen, but some common ones include unexpected fees, high shipping costs, or complicated checkout processes. <\/p>\n\n\n\n (Statista<\/em>)<\/p>\n\n\n\n Although other top retailers were miles away from matching Amazon\u2019s number in this department, Jeff Bezos\u2019s company didn\u2019t dominate all m-commerce statistics.<\/p>\n\n\n\n Interestingly, shoppers spent the most time on the Walmart app compared to other retailers, with an average of more than 120 million visits per month. eBay dropped to the 11th position, registering 3.67 million monthly visits in 2021<\/a>.<\/p>\n\n\n\n (The Drum<\/em>)<\/p>\n\n\n\n The fashion industry<\/a> enjoys somewhat better mobile shopping statistics. For instance, retailers in the field attract more traffic and have 67% of sales coming from mobile devices.<\/p>\n\n\n\n (Shopify News<\/em>)<\/p>\n\n\n\n In recent years, Shopify has seen significant growth due to the increasing popularity of e-commerce. With more consumers shopping online than ever before, businesses are turning to Shopify to create their own digital storefronts. <\/p>\n\n\n\n As of June 2021, the Canadian multinational raked in more than $2 billion in revenue<\/a>. <\/p>\n\n\n\n (Statista<\/em>)<\/p>\n\n\n\n In the United Kingdom, ownership of smartphones is nearly universal among 16\u201334-year-olds, and it\u2019s expected that m-commerce will surpass around $112 billion in sales by 2024. <\/p>\n\n\n\n In general, the rise of m-commerce has been driven by the increasing prevalence of smartphones and the popularity of apps and mobile-friendly websites. <\/p>\n\n\n\n (Statista<\/em>)<\/p>\n\n\n\n M-commerce stats show this is significantly higher than the worldwide average of 30.6%. In comparison, only 5.5% of surveyed Ghanaian internet users said they had purchased something online via their mobile phone in the past week. <\/p>\n\n\n\n (Clear Sale<\/em>) <\/p>\n\n\n\n This is a significant increase from previous years, and it seems that mobile shopping is here to stay. <\/p>\n\n\n\n Mobile commerce trends indicate that around 55% of mobile shoppers purchase or pay for things using their mobile devices at least once a week, and the average Australian consumer spends $235 per month using mobile devices. <\/p>\n\n\n\n Namely, e-commerce stats<\/a> imply that about 33% of online sales in Australia are now done through mobile devices, making it one of the most popular platforms for online shopping. <\/p>\n\n\n\n (J.P. Morgan<\/em>)<\/p>\n\n\n\n The Chech Republic has the fastest growing e-commerce market in Europe, and its high mobile payments e-commerce stats are the catalysts for its emergence. However, cash is still king in this Central European country.<\/p>\n\n\n\n (SCMP<\/em>)<\/p>\n\n\n\n With such a high percentage of people shopping via mobile, Chinese e-commerce platforms constantly evolve to offer new experiences and engage consumers. <\/p>\n\n\n\n By offering cutting-edge features, Chinese m-commerce platforms are able to stay ahead of the curve and keep consumers coming back for more.<\/p>\n\n\n\n2. <\/strong>M-commerce trends<\/strong> show that fashion retailers convert 89.3% of mobile traffic into sales.<\/strong><\/h4>\n\n\n\n
3. In the travel industry, only 29% of sales are completed on mobile.<\/strong><\/h4>\n\n\n\n
4. 75% of online shopping cart abandonment happens on mobile.<\/strong><\/h4>\n\n\n\n
5. In 2021, the Amazon app had more than 98 million monthly users.<\/strong><\/h4>\n\n\n\n
6. Approximately 53% <\/strong>of sales happen via smartphone devices.<\/strong><\/h4>\n\n\n\n
7. In 2021, there were 1.75 million merchants on Shopify.<\/strong><\/h4>\n\n\n\n
Worldwide Mobile Commerce Statistics<\/h3>\n\n\n\n
8. Smartphones are the most popular shopping device among British online shoppers, at 65%. <\/strong><\/h4>\n\n\n\n
9. According to recent data, 44.6% of internet users in Malaysia and South Korea purchase online via mobile phones weekly. <\/strong><\/h4>\n\n\n\n
10. 73% of Australian consumers use mobile devices to purchase and pay for items online.<\/strong><\/h4>\n\n\n\n
11. 54% of e-commerce in the Czech Republic is done via mobile phone.<\/strong><\/h4>\n\n\n\n
12. In China, 96% of consumers use their smartphones to shop online. <\/strong><\/h4>\n\n\n\n
13. The mobile commerce market in Japan is now worth around 4.9 trillion Japanese yen.<\/strong><\/h4>\n\n\n\n