Mobile Payment Market may see a big Move | Vodacom, Safaricom, Orange, PayPal, MasterCard

The recently published market study by ReportCrux Market Research highlights the current trends that are expected to influence the dynamics of the Mobile Payment market in the upcoming years. The report introspects the supply chain, cost structure, and recent developments pertaining to the Mobile Payment market in the report and the impact of the COVID-19 on these facets of the market. Further, the micro and macro-economic factors that are likely to impact the growth of the Mobile Payment market are thoroughly studied in the presented market study. Some of the key players profiled in the study are Vodacom, Safaricom, Orange, PayPal, MasterCard

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Major players in Mobile Payment market are Vodacom, Safaricom, Orange, PayPal, MasterCard

According to the report, global demand for mobile payment market was valued at approximately USD 827.6 Billion in 2019 and is expected to generate revenue of around USD 8,724.2 Billion by end of 2027, growing at a CAGR of around 34.2% between 2020 and 2027.

Based on technology, the market is categorized into NFC, digital wallet, WAP & card-based, SMS-based/DCB, banking based app, QR code, and others. The NFC segment held almost 23% share of the market in 2019. Adopting NFC mobile payment is opening new sources of revenue for both banks and telecom providers, as more than 90% of the U.S. population holds a cell phone and 60% of them have a card slot on their mobile phone. Using NFC technology, banks will be able to access cash-based micro transactions, representing about 20% of total U.S. transactions.

Global Mobile Payment Market Segmentation

Global Mobile Payment Market: By Payment Mode
Remote Payment
Proximity Payment

Global Mobile Payment Market: By Technology
NFC
Digital Wallet
WAP & Card-Based
SMS-Based/DCB
Banking Based App
QR Code
Others

Market is divided regionally and by country level into North America (U.S., Canada, & Rest of North America), Europe (U.K., Germany, France, Italy, Spain, Russia & Rest of Europe), Asia Pacific (China, Japan, India, Australia, Southeast Asia, & Rest of Asia Pacific), Latin America (Brazil, Mexico, & Rest of Latin America) and Middle East and Africa (Saudi Arabia, South Africa, UAE, & Rest of Middle East and Africa).

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Report Highlights

Comprehensive pricing analysis on the basis of product, application, and regional segments
The detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the global Mobile Payment market

Deep insights about regulatory and investment scenarios of the global Mobile Payment market
Analysis of market effect factors and their impact on the forecast and outlook of the global Mobile Payment market

Table of Contents (TOC)
1. Global Mobile Payment Market Introduction
1.1. Definition and Taxonomy
1.2. Research Scope
2. Research Methodology
3. Executive Summary
3.1. Global Market Overview and Key Findings by Major Segments
4. Market Dynamics and Industry Trend Analysis
4.1. Market Dynamics
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. SWOT Analysis
4.3. PESTLE Analysis
4.4. Porter's Five Forces Analysis
4.5. Market Growth Attractiveness Analysis by Key Segments and Region
5. Competitive Landscape and Market Share Analysis by Manufacturers
5.1. Market Competition Scenario
5.2. Manufacturer Market Share
5.3. Manufacturer Intensity Map
5.4. Opportunity Orbits
5.5. Strategic Market Developments
6. Global Mobile Payment Market Value (USD Million), Share (%), Comparison by Key Segments
7. Global Mobile Payment Market Value (USD Million), Share (%), Comparison by Region
7.1. North America
7.1.1. North America Regional Market Size and Trend Analysis
7.1.1.1. U.S.
7.1.1.2. Canada
7.1.1.3. Rest of North America
7.2. Europe
7.2.1. Europe Regional Market Size and Trend Analysis
7.2.1.1. Germany
7.2.1.2. UK
7.2.1.3. France
7.2.1.4. Italy
7.2.1.5. Spain
7.2.1.6. Russia
7.2.1.7. Rest of Europe
7.3. Asia Pacific
7.3.1. Asia Pacific Regional Market Size and Trend Analysis
7.3.1.1. China
7.3.1.2. Japan
7.3.1.3. India
7.3.1.4. Australia
7.3.1.5. Southeast Asia
7.3.1.6. Rest of Asia Pacific
7.4. Latin America
7.4.1. Latin America Regional Market Size and Trend Analysis
7.4.1.1. Brazil
7.4.1.2. Mexico
7.4.1.3. Rest of Latin America
7.5. Middle East and Africa
7.5.1. Middle East and Africa Regional Market Size and Trend Analysis
7.5.1.1. Saudi Arabia
7.5.1.2. South Africa
7.5.1.3. UAE
7.5.1.4. Rest of Middle East and Africa
8. Company Profiles of Key Manufacturers
8.1. Company Basic Information
8.2. Company Overview
8.3. Financial Highlights
8.4. Product Portfolio
8.5. Business Strategy
8.6. Recent Market Developments

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