Press release
Consumer Mobile Payments Market to Witness Remarkable Growth by 2026 | Google, Samsung, Amazon
Consumer Mobile Payments Market
Request a sample report @ https://www.htfmarketreport.com/sample-report/3044998-global-consumer-mobile-payments-market-3
Summary
Global Consumer Mobile Payments Market Overview:
This fast-growing mobile phone penetration also brings with it increasingly sophisticated mobile devices, which outpace ordinary computers. Mobile payments can be a more convenient and portable means of payment than traditional payment methods because they eliminate the burden of carrying multiple plastic cards, coins and currency in a physical wallet Mobile commerce in Europe is expected to grow significantly over the next few years, with an average compound annual growth rate of 42%. In 2014, Europe experienced an all-time peak in mobile revenues and mobile transactions. According to a RetailMeNot forecast based on data from some EU countries, Europeans will be spending about Euro 45 billion via mobile devices in 2015; this currently corresponds to around 14% of all online purchases made in the EU and represents an increase of 88.7% compared to 2014. According to one study, this type of payment is up to 15 to 30 seconds faster than swiping a traditional card, signing the receipt, or entering a PIN code. That can be important to consumers, especially to those who value saving time highly, as well as being able to pay bills at any given location Some of the key players profiled in the study are Google LLC (United States), Samsung Group (South Korea), Amazon.com Inc. (United States), Apple Inc. (United States), PayPal Inc. (United States), MasterCard PLC (United States), Visa Inc. (United States), American Express Co. (United States), Mahindra ComViva (India) and Orange SA (France). According to Market Analyst at HTF MI, the Global Consumer Mobile Payments market may see a growth rate of 27.1% and would reach the market size of USD4690.65 Billion by 2025.
On the basis of geography, the market of Consumer Mobile Payments has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Type of Mobile Pay, the sub-segment i.e. Mobile Wallet/Bank Cards will boost the Consumer Mobile Payments market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
View Detailed Table of Content @ https://www.htfmarketreport.com/reports/3044998-global-consumer-mobile-payments-market-3
Market Drivers
The rapid growth in online retailing
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
Market Trend
Upsurging Demand due to Increasing Inclination towards E-commerce
Increasing Number of Loyalty Benefits in Mobile Environment
Restraints
Security Issues Associated with Mobile Payments
Opportunities
Increasing Internet Penetration and Growing M-commerce Market
Growing demand from developing countries
Currently, two directives apply to the area of mobile payments. Directive 2007/64/EC on payment services in the internal market establishes a harmonized legal framework for payment services throughout the single market; Directive 2009/110/EC covers the taking up, pursuit and prudential supervision of the business of electronic money institutions., After the publication of its Green Paper 'Towards an integrated European market for card, internet and mobile payments' in 2012, the European Commission proposed in 2013 a revision of the current legislation in force, namely with the proposal for a Directive on payment services in the internal market and amending Directives 2002/65/EC, 2013/36/EU, and 2009/110/EC and repealing Directive 2007/64/EC. On and 5 May 2015, the agreement was reached in trialogue negotiations between the Commission, the European Parliament, and the Council, and formal adoption of the proposal is expected later this year.
The consumer mobile payments market is moving toward a fragmented state due to the increasing prominence and ease of use of mobile payments and the entry of new players in this prospering market.
Target Audience:
Research Organizations, Consulting Firms, System Integrators, Government Regulatory Bodies, Private Research Organization, Government Research Organization and Others
Major Objectives Focused through this Study
• To define, describe, and forecast the Global Consumer Mobile Payments market on the basis of product [Remote [Peer-to-peer, M-commerce] and Proximity [Near Field Communication, Barcode]] , application [Retail, Hospitality & Tourism, IT & Telecommunication, BFSI, Media & Entertainment, Healthcare, Airline and Others], key regions and end user
• To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
• To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
• Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
• To provide market size for various segments of the Consumer Mobile Payments market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
• To strategically profile the key players and analyzing their market shares and core competencies in the Consumer Mobile Payments industry
• To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Tencent Holdings Ltd (China), Alipay.com Co. Ltd. (China), ACI Worldwide, Inc. (United States), Fidelity National Information Services, Inc. (United States), Fiserv, Inc. (United States), Jack Henry & Associates Inc. (United States) and Square, Inc. (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Consumer Mobile Payments market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.
Get Customization in the Report, Enquire Now @ https://www.htfmarketreport.com/enquiry-before-buy/3044998-global-consumer-mobile-payments-market-3
Strategic Points Covered in Table of Content of Global Consumer Mobile Payments Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2026 Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Global Consumer Mobile Payments Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2026market. (Introduction, Scope of the Report)Chapter 2: Exclusive Summary – the basic information of the Global Consumer Mobile Payments Market Insights by Application, Product Type, Competitive Landscape
....Continued
Buy this report @ USD3500 https://www.htfmarketreport.com/buy-now?format=1&report=3044998
Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.
Contact US:
Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Unit No. 429, Parsonage Road Edison, NJ
New Jersey USA – 08837
Phone: +1 (206) 317 1218
sales@htfmarketreport.com
About Author:
HTF Market Intelligence consulting is uniquely positioned empower and inspire with research and consulting services to empower businesses with growth strategies, by offerinf services with extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist in decision making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Consumer Mobile Payments Market to Witness Remarkable Growth by 2026 | Google, Samsung, Amazon here
News-ID: 2293615 • Views: …
More Releases from HTF Market Intelligence Consulting Pvt. Ltd.
Travel Accommodation Market Is Booming So Rapidly: NH Hotel Group, Kimpton Hotel …
HTF MI just released the Global Travel Accommodation Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2033. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach.
Major companies in Travel Accommodation Market are: Marriott International (United States),…
Precision Genomic Testing Market May See a Big Move | Major Giants- Illumina, BG …
HTF MI just released the Global Precision Genomic Testing Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2033. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach.
Major companies in Precision Genomic Testing Market are: Illumina Inc.…
Collateral Management Market All Sets For Continued Outperformance
HTF MI just released the Global Collateral Management Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2033. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach.
Major companies in Collateral Management Market are: Hong Kong Exchanges and…
Medical Professional Liability Insurance Market Doubtless To Enhance Future Prog …
HTF MI just released the Global Medical Professional Liability Insurance Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2033. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach.
Major companies in Medical Professional Liability Insurance Market are:…
More Releases for Unit
Global Transcutaneous Electrical Nerve Stimulation Unit Market, Transcutaneous E …
Global Transcutaneous Electrical Nerve Stimulation Unit Market Overview:
The Transcutaneous Electrical Nerve Stimulation Unit market is a broad category that includes a wide range of products and services related to various industries. This market comprises companies that operate in areas such as consumer goods, technology, healthcare, and finance, among others.
In recent years, the Transcutaneous Electrical Nerve Stimulation Unit market has experienced significant growth, driven by factors such as increasing consumer demand,…
Glycol Dehydration Unit Market Glycol Dehydration Unit Market 2028
Persistence Market Research delivers key insights on the global glycol dehydration unit market, in its report titled, 'Glycol Dehydration Unit Market: Global Industry Analysis 2013-2017 and Forecast 2018-2028'. Over the forecast years, the global glycol dehydration unit market is expected to show a positive outlook.
The market value is expected to increase at a healthy pace over the forecast period. Based on the glycol type segment, the triethylene glycol segment is…
Biodiesel Processing Unit
While reserves of petroleum are decreasing every passing day, energy consumption is increasing at 6.5% per annum. And for solving this issue many countries are implementing new policies for minimizing the usage of fossil fuels and increase the use of alternative sources like solar power and Biodiesel. Biodiesel is a diesel fuel substitute made from a variety of oils, fats, and greases which can become a cheaper alternative to fossil…
Jackfruit Processing Unit
The fruit processing sector has some undoubtedly potential Business Ideas, and Jackfruits processing is highly recommended because jackfruits are highly perishable tropical fruits, which helps in improving the immunity, replenishes the energy, cardiovascular health, regulates Blood Pressure, Digestion, treats the skin diseases, prevent/control asthma and many more awesome advantages of jackfruit consumption.
Rising demand for processed fruit product for secondary preparations, rising income, and resultant increased spending on food items is…
Pomegranate Processing unit
India is the second largest producer of Pomegranates in the world after Iran, still contributes only 5% pomegranate related international trades. India produces the finest edible Pomegranates, which are available almost throughout the year, which provides a tremendous potential for export of Pomegranate and its products from India.
Processing of the Pomegranates becomes essential in order to increase the utilization and reduce the wastage of the fruit. Pomegranates being rich in…
Coconut Processing Unit
Coconut is an important fruit in the Indian economy as the country is listed among the top Coconut producing countries in the world. The contribution of Coconut is about ₹27900 crore to India’s Gross Domestic Product (GDP).
Today's improved economic stability, spending power, nutritional requirements, and awareness are pushing consumers to shift their preferences.
Currently, Coconut water, Coconut milk/cream and Virgin Coconut Oil (VCO) are expected to be main growth drivers for…
