Lewes, DE -- (SBWIRE) -- 03/01/2016 -- Global M-Commerce market is accounted for $155.9 billion in 2015 and is poised to reach $1,067.1 billion by 2022 growing at a CAGR of 31.6% during the forecast period. The major driving factors for M-Commerce market are escalating adoption of smart devices, improved broadband connectivity, cheaper services, etc. M-Commerce service providers are facing challenges in terms of reliance on internet networks, monetization of user base, and severe competition. North America and Europe are estimated to be the biggest markets in terms of revenue, while Asia-Pacific and Middle East are projected to experience amplified market traction, during the forecast period.
Read the full press release at http://www.sbwire.com/press-releases/global-m-commerce-market-is-expected-to-reach-10671-billion-by-2022-finds-new-report-668875.htm