Mobile Payment Market is projected to grow at a CAGR of 31.4% | Top Companies Statistics, New Technology with Application Analysis by 2027 | Orange S.A., MasterCard Incorporated, BhartiAirtel Limited, Safaricom Limited, PayPal Holdings

Mobile Payment Market is valued at USD 816.50 Billion in 2018 and expected to reach USD 5528.23 Billion by 2025 with CAGR of 31.4% over the forecast period.

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Mobile Payment Market report is segmented on the basis of mode of transaction, mobile payment, application and region & country level. Based upon mode of transaction, global mobile payment, market is segmented into short message service (SMS), near-field communication (NFC) and wireless application protocol (WAP). Based upon mobile payment, global mobile payment market is segmented into mobile wallet/bank cards, mobile money. Based upon application, global mobile payment market is segmented into entertainment, energy & utilities, healthcare, retail, hospitality & transportation and others.

Market Analysis of Mobile Payment-
A mobile payment is a type of online money payment which made for product or service through an electronic device like smartphone, tablet and other. Mobile payment is increasingly used in the banking apps for allowing the customer to instantly send money. It is also used in the payment of bills on site at stores by scanning a barcode and accepting payments from convenience stores to large, multi-national retailers. In mobile payment, multiple apps are used like, PayPal, Venmo, Google Play, and others. By using touch ID in the form of a fingerprint scan or PIN input makes mobile payments more secure than a physical credit card.

Key Players –
Some major key players for global mobile payment market Orange S.A., Vodacom Group Limited, MasterCard Incorporated, BhartiAirtel Limited, MTN Group Limited, Safaricom Limited, PayPal Holdings, Inc., Econet Wireless Zimbabwe Limited, Millicom International Cellular SA, Mahindra Comviva and others.

Increasing Accessibility of Technological Advanced Smartphones is the Driving Factor of Global Mobile Payment Market.
Increasing adoption of smartphone and mobile payment is one of the major factors driving the growth of global mobile payment market. For example, approximately 6.8 billion people are using mobile phones account from which 3.5 Billion people are using mobile banking. In addition, proliferation of 3G and 4G connectivity has enabled customers to have hassle-free access to the services on their smartphones. For example, South Korea, Japan, Norway, Hong Kong, and United States of America have approximately 90% availability of 4G networks. Additionally, increasing adoption of M-commerce is another growth factor of mobile payment market. However, the security risks, slow adaption of mobile payment these factors may hinder the mobile payment market. For example; risk of hacking, attack by viruses to the device is generally seen in the customer. Moreover, Government initiatives in promoting digital payments are expected to create new opportunities in the mobile payment market.

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Key Benefits for Market Report–
• Global market report covers in depth historical and forecast analysis.
• Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
• Global market report helps to identify opportunities in market place.
• Global market report covers extensive analysis of emerging trends and competitive landscape.

Market Segmentation:–

By Mode of Transaction:
• Managed Short Message Service (SMS)
• Near-field Communication (NFC)
• Wireless Application Protocol (WAP)

By Mobile Payment:
• Mobile Wallet/Bank Cards
• Mobile Money

By Application:
• Entertainment
• Energy & Utilities
• Healthcare
• Retail
• Hospitality & Transportation
• Others

By Regional & Country Analysis: (North America, U.S., Canada, Europe, U.K., France, Germany, Italy,Asia Pacific, China, Japan, India, Southeast Asia, Latin America, Brazil, Mexico, Middle East and Africa, GCC, Africa, Rest of Middle East and Africa)

Table of Content

1. Chapter - Report Methodology
1.1. Research Process
1.2. Primary Research
1.3. Secondary Research
1.4. Market Size Estimates
1.5. Data Triangulation
1.6. Forecast Model
1.7. USP’s of Report
1.8. Report Description

2. Chapter – Global Mobile Payment Market Overview: Qualitative Analysis
2.1. Market Introduction
2.2. Executive Summary
2.3. Global Mobile Payment Market Classification
2.4. Market Drivers
2.5. Market Restraints
2.6. Market Opportunity
2.7. Mobile Payment Market: Trends
2.8. Porter’s Five Forces Analysis
2.9. Market Attractiveness Analysis

3. Chapter - Global Mobile Payment Market Overview: Quantitative Analysis

4. Chapter – Global Mobile Payment Market Analysis: Segmentation By Type

5. Chapter – Global Mobile Payment Market Analysis: Segmentation By Application

Continued…..

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