Consumer Mobile Payments Market Unit Sales to Witness Significant Growth in the Near Future
Persistence Market Research's latest report on the global market for consumer mobile payments projects that the market, which is presently worth over US$ 870 Mn, will register explosive growth at a whopping 41.4% CAGR to procure US$ 27,771.8 Mn revenues by the end of 2026.
Request for Free Sample Report of "Consumer Mobile Payments" Market @ https://www.persistencemarketresearch.com/samples/14995
Such an exponential growth for global consumer mobile payment market is factored by rising proliferation of smartphones and advanced features added to existing payment platforms. The world is flooded with various mobile wallets, and such applications are expected to remain trending in the years to come. Increasing burden on e-commerce platforms is also expected to get divested across m-commerce platforms.
Furthermore, government initiatives prompting adoption of cashless transactions is also stipulated to boost consumer mobile payments. Less time consumed by transactions, and immediate currency conversion serve as key proponents for consumer mobile payments.
Consumer mobile payments are also being preferred for their convenience in paying for anything, anywhere. Integrated consumer mobile payments are also becoming popular among merhcants. Consumer mobile payments are also becoming more protected through advanced security features.
Request For Customization@ https://www.persistencemarketresearch.com/request-customization/14995
Nevertheless, security breaches are observed to be top challenge faced by developers of consumer mobile payment applications. The report has outlined leading players in the global consumer mobile payment market, which include ACI Worldwide, Inc., Alphabet Inc., DH Corp, Fidelity National Information Services, Inc., Square, Inc., Fiserv Inc., Jack Henry & Associates Inc., MasterCard Incorporated, PayPal Holdings, Inc., Visa Inc., Apple Inc., and Starbucks Corporation.
Key findings of the report, titled "Consumer Mobile Payments: Global Industry Analysis and Forecast, 2016 - 2026," include:
Through 2026, over 90% of consumer mobile payments will be directed through remote mode of payments
Proximity mode of payment, however, will gain traction and showcase a gain of +140 BPS by 2026-end
Among the remote mode of consumer mobile payments, m-commerce will remain a dominant segment registering 40.8% CAGR
During the forecast period, global consumer mobile payments taking place through NFC modes will register revenue growth at nearly 50% CAGR
Throughout the forecast period, retail will remain the largest end-user industry for consumer mobile payments, while verticals such as hospitality & tourism and IT & telecommunications are expected to bring over US$ 11 Bn revenues by 2026-end
Asia-Pacific excluding Japan (APEJ) region is expected to register fastest revenue growth at 44.3% CAGR, while North America and Middle East & Africa will be observed as leading regions for growth of consumer mobile payments market
Click Here to Buy this Report@ https://www.persistencemarketresearch.com/checkout/14995
Access Related Reports-
Iris Biometrics Market: https://www.persistencemarketresearch.com/market-research/iris-biometrics-market.asp
Smart Cities Market: https://www.persistencemarketresearch.com/market-research/smart-cities-market.asp
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - email@example.com
Persistence Market Research (PMR), as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.
This release was published on openPR.
Permanent link to this press release:
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 Unit Sales to Witness Significant Growth in the Near Future here
News-ID: 2707650 • Views: 230
More Releases from Persistence Market Research
Heart Health Supplements Market to Witness Rapid Increase in Consumption During …
The global heart health supplements market is profiting from growing consumer awareness regarding preventive healthcare. The rapid pace of social and technological changes have led to adverse lifestyle choices, resulting in deteriorating well-being among consumers. Rising incidence of various lifestyle diseases such as obesity and overweight has led to increased prevalence of cardiovascular diseases and heart health problems. Thus, consumers are increasingly adopting preventive care as a necessary tool to help them
Rising Adoption of Pulse Protein Market to Fuel Revenue Growth in forecast perio …
Pulse-based protein is linked with many benefits such as lower risk of stroke, cancer, and death from heart disease. Pulse protein also has essential amino acids, as compared to animal protein. Animal protein contains a high amount of saturated fat and dietary cholesterol, which increases heart diseases. Pulse proteins are healthy and delicious meat-free food, ideal for vegetarians and personal wellbeing. The global pulse protein market has witnessed substantial growth over the past
Global Instant Soup Market to Exhibit Increased Demand in the forecast Period 20 …
With rapidly changing customer preferences, companies in the instant soup market are developing innovative products according to their specific needs. Key manufacturers, with the help of dedicated research & development, are introducing products that best suit customer tastes, taking into account cultural differences. A broad product line with different flavors for customers to choose from is a factor complementing the high sales of instant soup. Along with different flavors, customized products such as
Cyclodextrin Market to Register a Robust Growth Rate During the Forecast Period …
Cyclodextrin is highly soluble along with other properties, which makes it an ideal solution to use in pharmaceutical products. Pharmaceutical manufacturers are seeking the perfect pharmaceutical API and intermediate that can offer proper solubility and bio ability to drugs. The aqueous solubility of poorly water-soluble drugs has become a major concern in today's pharmaceutical industry. Cyclodextrin has emerged as a beneficial solution for this problem. On the back of this
More Releases for Consumer
Analysis of Taiwanese Consumer Buying Behavior towards Fast-moving Consumer Good …
A report added to the rich database of Qurate Business Intelligence, titled “Fast-moving Consumer Goods Market – Global Industry Analysis and Forecast to 2024”, provides a 360-degree overview of the Global market. Approximations associated with the market values over the forecast period are based on empirical research and data collected through both primary and secondary sources. The authentic processes followed to exhibit various aspects of the market makes the data
Consumer Health Market 2019 by Clinical Review and Key Player Analysis-Consumer …
Global Consumer Health Market 2018 Industry study report is an in-depth and deep research on the present condition of the Consumer Health industry in the global market. Furthermore, this report presents a detailed overview, cost structure, size, revenue, growth, share, dynamics, competitive analysis, manufacturers and global business strategy & statistics analysis. This report is segmented on basis of product type, end-user, application and geographical regions. Get Sample Copy of this Report
Dog Shoes Market Report 2018: Segmentation by Product (Nylon, Rubber, Leather, P …
Global Dog Shoes market research report provides company profile for Ultra Paws, Pet Life, WALKABOUT, Neo-Paws, DOGO, FouFou Dog, Ruffwear, Pawz, Muttluks, RC Pets and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The
Consumer Payments Market in Ireland: Consumer Needs and Requirements (2018)
A fresh report has been added to the wide database of Market Research Hub (MRH) titled “Consumer Payments Market in the Ireland and What Consumers Want 2018” which examines the consumer payments market in Ireland, considering payment cards, online payments, P2P payments, and newer payment technologies such as mobile wallets and contactless. The report also examines the main regulatory players overseeing the market. Request Free Sample Report @ https://www.marketresearchhub.com/enquiry.php?type=S&repid=1488219 Cash has
Digital Commerce Platform Global Market Till 2022: By Type - Business-to-Consume …
ResearchMoz presents this most up-to-date research on "Digital Commerce Platform Global Market Till 2022: By Type - Business-to-Consumer (B2C), Business-to-Business (B2B), Consumer-to-Business (C2B) & Consumer-to-Consumer (C2C)". This report studies the global Digital Commerce Platform market, analyzes and researches the Digital Commerce Platform development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like IBM Oracle Hybris Demandware Magento Digital River CloudCraze Software Apttus Corporation NetSuite Elastic Path
Consumer Goods & Retailing Consumer Services Reports
Nail Care A market study based on the " Nail Care Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Nail Care Market 2017’. The research report analyses the historical as well as present performance of the worldwide Nail Care industry, and makes predictions on the future status of Nail Care market on the basis of this analysis. Get Free Sample Copy of Report Here