Press release
Mobile Payment Market will Grow at 33.40 % CAGR During 2019 – 2025 | Top Key Players - Orange SA, Safaricom Limited, Paypal Holdings, MTN Group
Mobile Payment Market
Global Mobile Payment Market industry valued approximately USD 253.2 Billion in 2016 is anticipated to grow with a healthy growth rate of more than 33.40% over the forecast period 2017-2025.
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The major factors driving the growth is due to increased penetration of smartphones, growth in m-commerce industry, change in lifestyle, and the need for quick and hassle-free transaction.
The rise in demand for easy and hassle-free purchase of goods and services results in increased preference of consumers toward digital and cashless payments. Several global players, such as Apple and Samsung, have designed new strategies to expand their reach and gain a larger share in the global mobile payment market.
Further, Many governments are also encouraging banks to build infrastructure to enable safe and secure mobile payments in rural areas, which is a massive opportunity for the vendors. Conversely, closing the gap between the awareness and adoption of this technology is considered as a major challenge for this industry. The partnerships between various payment networks and mobile operators to provide mobile payment solutions in the emerging markets are expected to give a significant boost to the industry in the near future.
Key Players:
1 Vodacom Group Limited
2 Orange SA
3 Bharti Airtel Limited
4 Mastercard Incorporated
5 Safaricom Limited
6 Paypal Holdings Inc
7 MTN Group Limited and more............
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Segments and sub-segments by:
Regions:
1 North America Country (United States, Canada)
2 Latin America (Brazil, Mexico)
3 Asia Country (China, Japan, India, Korea)
4 Europe Country (Germany, UK, France, Italy)
5 Other Country (Middle East, Africa, GCC)
Mode of Transaction:
1 Short Message Service(SMS)
2 Near Field Communication(NFC)
3 WAP
Application:
1 Energy & Utilities
2 Hospitality & Transportation
3 Healthcare
4 Retail
5 Entertainment
6 Others
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Key questions answered in the report include:
1 What are the key factors driving the Mobile Payment market?
2 What are the key market trends impacting the growth of the global Mobile Payment market?
3 What are the challenges to Mobile Payment market growth?
4 Who are the key vendors in the global Mobile Payment market?
5 What are the market opportunities and threats faced by the vendors in the global Mobile Payment market?
6 What are the key outcomes of the five forces analysis of the global Mobile Payment market?
Table of Content:
1 Global MOBILE PAYMENT Market Definition and Scope
2 Research Methodology
3 Executive Summary
4 Global Mobile Payment Market Dynamics
5 Global Mobile Payment Market, By Type
6 Global Mobile Payment Market, By Insulation Material
7 Global Mobile Payment Market, By Component
8 Global Mobile Payment Market, By End-Use
9 Global Mobile Payment Market, by Regional Analysis
10 Competitive Intelligence
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