The worldwide mobile commerce (m-commerce) market was valued at more than $291 billion in 2015 and is expected to surpass $980 billion by 2020, according to Technavio Research.

In terms of geographical analysis, Asia Pacific will be the largest region in the global market, reaching revenues of about $404 billion by 2020. The rapid growth of near-field communications (NFC) services and increased adoption of smartphones will be the primary market driver in this region.

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