The exponential growth in the use of electronic devices such as smartphones and tablets is giving the m-commerce (electronic-commerce) industry a big boost. The continuing developments in technology that make mobile processes transparent and foster shopping behavior also lead to the development of the m-commerce industry.
In 2019, global m-commerce sales will amount to $639 billion, up from $459.38 in 2018, according to Statista. This growth is immense. Another study indicates that, during the projected period (2019-2024), this demand will expand at a CAGR of 27 per cent.
Some of the reasons why people choose mobile commerce apps are ease-of-use, fast delivery, and high security. E-Commerce web development is here to remain. But, it is useful for you to come up with a feature-rich m-commerce app along with a seamlessly-running E-commerce application.
E-commerce applications provide a more customized shopping experience, particularly when you compare goods and prices to save time while avoiding travel.
Main differences between e-commerce and m-commerce
There are also glaring gaps, including the fact that e-commerce and m-commerce have identical aims of purchasing and selling with the help of the internet. Let’s take a look at them:E-commerce-
- E-commerce refers to the purchasing and distribution of goods and services using an electronic system, such as the internet.
- An older concept is e-commerce than m-commerce.
- Due to the non-portability of devices, the location tracking functionality of e-commerce is limited.
- Safety is an integral aspect of any e-commerce credit card payment process that takes place on the internet. In terms of information protection and secrecy, Americans are really interested. And that’s an e-commerce challenge.
- The creation of a web store and the use of the internet is less expensive.
- As for the user interface and its features, it’s very complex.
- e-commerce business models are B2B,B2C,C2B,C2C
- E-commerce Connectivity is lower.
M-commerce-
- M-commerce refers to the process of purchasing and selling goods and services through wireless handheld devices or cellphones using internet / cellular data.
- M-commerce was originally built on the e-commerce axis, so m-commerce can be considered to be part of e-commerce.
- With the assistance of GPS technologies, wifi, and so on, M-commerce can track and identify user locations.
- Mobile commerce’s protection features are a little more comprehensive. M-commerce can also offer biometric authentication (via retina scans, face ID, or fingerprints) in addition to regular security measures such as two-factor authentication and multi-level authentication present in e-commerce.
- M-commerce connectivity is greater due to the larger number of mobile users.
- It is simple, as all functions have been streamlined.
- The mobile app development and the use of wireless data are more costly.
- M-commerce involves many things such as shopping, purchasing, selling, trading, booking, paying, and many others.