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Remote Mobile Payment Market - Attracts Investor Interest with Unparalleled Growth Rates

05-11-2018 06:15 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Although the global remote mobile payment market is currently in nascent stage, a fresh study by Transparency Market Research (TMR) assures that the future is highly prosperous, with the demand estimated to increment at an incredible CAGR of 44.9% during the forecast period of 2017 to 2022. As per the projections of the TMR report, the global remote mobile payment market will be worth US$7,526,127.9 mn by 2022, exponentially up from its evaluated valuation of merely US$1,176,712.6 mn in 2017.

Request a PDF Research Brochure at https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=30908

As far as the competitive landscape is concerned, the TMR report has detected that an increasing number of companies are venturing into the global remote mobile payment market and intensifying the zest to hold the pole position. This is primarily a result of a new revenue avenue opening for the hardware, electronic, and technology companies, giving them a bite out of the banking sector. That being said, security is at the backbone of this emerging technology and hence, new entrants are not finding it easy to impart their authenticity and challenge the market leaders.

Obtain Report Details @ https://www.transparencymarketresearch.com/remote-mobile-payment-market.html

M-commerce is the most profitable segment of the global remote mobile payment market, in terms of mode of payment. This segment represented 89.9% of the market in 2017, a worth of US$105,836.1 mn, and is estimated to reach a valuation of US$707,081.1 mn by 2022, representing 94.0% of the overall demand. This segment is expanding at a CAGR of 46.2% and generating a revenue of US$12,024.8 mn annually.

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

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