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Report on M-commerce and Its Benefits

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Added on  2019-12-03

Report on M-commerce and Its Benefits

   Added on 2019-12-03

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Information technologyM-commerce and its usage pattern
Report on M-commerce and Its Benefits_1
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1FINDINGS AND ANALYSIS........................................................................................................1M-Commerce Current and Future Trends...................................................................................1A comprehensive evaluation of the components that are associated with M-commerce............2Business Model for Mobile Commerce.......................................................................................3Analysis of the ‘8-second rule’ of the Internet and its importance for M-commerce.................4Needs of M-commerce providers to have records of their users' purchase histories secure.......4Discussion of the biggest concerns most cell phone users have about using M-commerceservices........................................................................................................................................5The widespread use of M-commerce technologies and its impact on the life of individuals......5Security related issues associated with the use M-commerce.....................................................7Wireless technologies for mobile commerce...............................................................................8CONCLUSION AND RECOMMENDATIONS............................................................................8REFERENCES................................................................................................................................9
Report on M-commerce and Its Benefits_2
LIST OF FIGURESFigure 1: Growth of mobile commerce...........................................................................................1Figure 2: M-commerce transactions................................................................................................2Figure 3: Mobile share of e-commerce transactions........................................................................6Figure 4: Security issues associated with M-commerce..................................................................7
Report on M-commerce and Its Benefits_3
INTRODUCTION In digital arena, most of the organizations are concentrating on effective use of newemerging technologies to enhance customer flexibility and convenience. This type of technologyis able to deal with the use of mobile electronic deviceslike smart phones or PDAs. It provideswireless trading opportunity to enterprises to magnetize customers without the need forinfrastructure support and network service providers. The main aim of the present report is toprovide details about M-commerce, its benefits and different types of issues associated with theuse of it in modern era. Besides that, report also discusses about the biggest concerns most cellphone users have about using M-commerce services in their day to day life.FINDINGS AND ANALYSIS M-Commerce Current and Future Trends M-commerce provides opportunity to an individual to perform different operations such asbuying and selling of products, conduct financial transactions and exchange payments etc. in aquick manner. Shai (2013) found that sales through mobile phones were increased 15% whichwas higher than previous years.Figure 1: Growth of mobile commerce(Source: Shai, 2013)As per the finding of Siwicki (2014), consumer spending via mobile will jump from $204 billionto $626 billion in 2018 across the globe (Siwicki, 2014). Along with this, mobile share of e-commerce transactions were also increased 38% in 2015 which is shown in below figure.1
Report on M-commerce and Its Benefits_4

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