Press release
Mobile Payment Technologies Market Research 2020 Report | Growth Forecast 2023
The Business Research Company
The global mobile payment technologies market is expected to grow from $49.1 billion in 2019 to $65.9 billion in 2020 at a compound annual growth rate (CAGR) of 34.2%. The growth of this market is mainly due to patient’s fear of spreading COVID 19 by exchange of cash notes. COVID 19 is continuously on the mind of customers which results into increase use of contactless and digital payments thus driving the mobile technologies market. The market is then expected to recover and grow at a CAGR of 34.2% from 2021 and reach $158.8 billion in 2023.
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The mobile payment technologies market consist of sales of mobile payment technologies and related services. This market deals with a method of payment that does not involve cash or cheques, but allows consumer to make immediate payments using portable electronic devices such as smartphones or tablets.
Security issues and threat of data breach is an important restraint on the mobile payment technologies market. This is mainly because lot of information and data is transferred in digital payments, which becomes a challenge for data security. There are multiple security issues like frauds & chargebacks, technical integration, malicious app clones, and mobile frauds that have an adverse impact on this market.
Mobile Payment Technologies Market Segmentation:
By Solutions
1. Point-of sale (PoS)
2. In-store payments
3. Remote payments
By Application
1. Retail & E-Commerce
2. Healthcare
3. BFSI
4. Enterprise
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Few Points From Table Of Content
1. Executive Summary
2. Mobile Payment Technologies Market Characteristics
3. Mobile Payment Technologies Market Size And Growth
4. Mobile Payment Technologies Market Segmentation
5. Mobile Payment Technologies Market Regional And Country Analysis
……
25. Mobile Payment Technologies Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Mobile Payment Technologies Market
27. Mobile Payment Technologies Market Trends And Strategies
28. Mobile Payment Technologies Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the mobile payment technologies market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the mobile payment technologies market are BlueSnap, PayU, Bank of America , Amazon , Citrus Payment Solutions , Stripe, Six Payment services, Paysafe, Wirecard, Novatti, Vodafone Ltd., Microsoft Corporation.
Contact Information:
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Americas: +1 315 623 0293
Email: info@tbrc.info
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About US:
The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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