Mobile Commerce is also known as M-Commerce, mCommerce or U-Commerce, owing to the omnipresent nature of its services. Mobile Commerce is the capacity to perform commerce, using a mobile device e.g. a mobile phone (cell phone), a PDA, a smart phone and other promising mobile equipment such as desktop mobile devices.
There's no query that mobile web use is on the increase. Recently reports tell us that cellular networks worldwide are considering major boost in growth. In fact, there are even apprehensions that the current infrastructure won't be able to keep up with the new demands.
5G traffic in markets will boost by 40% by the end of 2024. There is prediction that more than a third of Europeans will be using the mobile internet by 2024.
What is Mobile Commerce?
Mobile Commerce is any transaction, engaging the transfer of ownership or rights to use goods and services, which is started and completed by using mobile access to computer-mediated networks with the help of an electronic device. Japan and many European countries are leading from superpower United States in using of mobile commerce as well as mobile payments.
As of March 2024, Japan had 50 percent more 5G subscribers than the United States. The NTT DOCOMO, Japan’s zenith cell phone carrier, launched the first 3G network in 2001.
Japanese mobile users uses their phones for daily transactiond and that to via Mobile Commerce, which we know that anyone can purchase anything on a click.
Mobile Commerce: Ahead of Its Time, mobile phone users think that they would put together more purchases if the procedure was not so burdensome, products were easier to find and their devices supported secure credit card transactions.
Web-enabled mobile phone users are much more probable to use their devices to get weather forecasts, read news, find movie times and bank online than to buy products.
Advantages of Mobile Commerce
The advantages of m-commerce (Mobile - Commerce) are:
· Providing wider reach
· Reducing transaction cost
· Streamline business processes
· Competitive pricing
· Reducing time to order
· The age of mobile shopping is here to stay, consumers can access millions of products at the palm of their hands and retailers can increase their reach and overall sales
· Use of graphics unlimited
· Unlimited bandwidth
· WAP and SMS unlimited to small number of characters and text.
· More functionality for mobile Internet over mobile phones and existing generation of handhelds than for mobile computers
· Small screens of most devices still unlimited types of file and data transfer
· The good news is that these mobile sites are an addition of your current contribution but they can also locate on their own
· The mobile sites can be foundation from the same database that your are performing now to make their management very straightforward
· New advanced mobile applications characteristically engage high-speed services being accessed by devices distantly, anywhere, at any time
· M-commerce requests to eradicate even further the intelligence of a consumer having to go to the business for products or services, or requiring to be skilled in multiple technologies.
· To allow the development of customer use of data options m-commerce applications and technology that have evolved quickly
Focus has been less on the devices and more on the feasible of Mobile commerce (m-commerce).