Press release
Mobile Payment Market Analysis, Growth by Top Companies, Trends by Types and Application, Forecast to 2027
MARKET INTRODUCTIONMobile payment also alludes to as mobile money, mobile money transfer, and mobile wallet generally refers to payment services controlled under financial regulations and performed from or via mobile phones. In place of paying with cash, cheque, or credit cards, a consumer can use a mobile device to pay for a wide range of services including digital or physical goods. Under mobile payment, a mobile wallet is an app that contains your debit and credit card details so that users can pay for products and services digitally by using their mobile devices.
MARKET DYNAMICS
Advantages such as fast and easy payments, convenience, flexibility, and the rising demand & penetration of mobile phones are anticipated to boost the mobile payment market globally. Concerns such as cyberthieves who spoof your mobile wallet and malware in cell phones are one of the major restraining factors in the mobile payment market. Growing market attractiveness of mobile payments in emerging industry verticals especially retail, e-commerce, and entertainment is anticipated to further provide good opportunities to the players operating in the mobile payment market.
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MARKET SCOPE
The "Global Mobile payment Market Analysis to 2027" is a specialized and in-depth study of technology, media, and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Mobile payment market with detailed market segmentation by mode of transaction, type of mobile payment, and application. The global mobile payment market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading mobile payment market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global mobile payment market is segmented on the basis of mode of transaction, type of mobile payment and application. On the basis of mode of transaction, the mobile payment market is segmented into short message service, wireless application protocol and near field communication. The mobile payment market on the basis of the type of mobile payment is classified into, mobile money and mobile wallets. Based on application, the mobile payment market is segmented into hospitality and transportation, retail, healthcare, energy and utilities, entertainment and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global mobile payment market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The mobile payment market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of eighteen countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the mobile payment market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the mobile payment market in these regions.
MARKET PLAYERS
The reports cover key developments in the mobile payment market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from mobile payment market are anticipated to lucrative growth opportunities in the future with the rising demand for mobile payment in the global market. Below mentioned is the list of few companies engaged in the mobile payment market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the mobile payment market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the key development in the past five years.
• Bharti Airtel Limited
• Econet Wireless Zimbabwe Limited
• Mahindra Comviva
• Mastercard Incorporated
• Millicom International Cellular S.A.
• MTN Group
• Orange S.A.
• Paypal Holdings, Inc.
• Safaricom Limited
• Vodacom Group Limited
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Key Elements that the report acknowledges:
• Market size and growth rate during forecast period.
• Key factors driving the Mobile Payment Market.
• Key market trends cracking up the growth of the Mobile Payment Market.
• Challenges to market growth.
• Key vendors of Mobile Payment Market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global Mobile Payment Market.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.
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