Global M-commerce Payment Market: Insights on Market Size, CAGR, Key Drivers and Trends.

Significant Growth Projected for M-commerce Payment Market with CAGR of 42.2%, Reaching $75.09 billion by 2029.

What Is The Projected Market Size Of The Global M-commerce Payment And Its Growth Rate?

The exponential growth of the M-commerce payment market has been observed in recent years, and it is expected to continue.
• The market is projected to grow from $13.39 billion in 2024 to $18.39 billion in 2025 at a compound annual growth rate (CAGR) of 37.3%.
• Reasons for this growth can be attributed to factors such as mobile internet adoption, the rise of secure payment technologies, e-wallets and mobile apps, convenience, and improved mobile user experience.
• Heading towards 2029, the market is expected to surge to $75.09 billion at a compound annual growth rate (CAGR) of 42.2%.
• This expected growth in forecast period is driven by the growth in contactless payments, development in biometric authentication, usage of blockchain in mobile payments, integration of artificial intelligence and machine learning, and the expansion of cryptocurrency payments.

What Is Driving The Growth In The M-commerce Payment?

The growth in the M-commerce market is being driven by increasing mobile and internet penetration globally. M-commerce payments involve using wireless handheld devices such as mobile phones and tablets to conduct online transactions, including buying and selling products, online banking, and bill payments. As internet access and penetration increase, more people are able to use M-commerce services, fuelling market growth. For example, a report published by International Telecommunication Union in October 2023 showed that about 67% of the global population, or 5.4 billion people, now use the internet. This is an increase of 4.7% from 2022, and it is driving the growth of the M-commerce payment market.

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Who Are the Key Players Driving M-commerce Payment Growth?

Key players driving the growth of the M-commerce payment market include:
• ACI Worldwide Inc.
• Alphabet Inc.
• Bharat Interface for Money
• Fidelity National Information Services (FIS)
• Fiserv Inc.
• Freecharge
• Mastercard Inc.
• MobiKwik
• Orange S. A
• PayPal Holdings Inc.
• PayU
• Samsung Group
• Square Inc.
• Visa Inc.
• Alibaba Group
• American Express Company
• Apple Inc.
• UnionPay
• Discover Financial Services LLC
• Ingenico SA
• Jack Henry & Associates Inc.
• Tencent Holdings Ltd.
• Boku Inc.
• Thales Group
• International Business Machines Corporation (IBM)
• Oxygen8 Solutions Inc.
• SAP SE
• BlueSnap Inc.
• Global Payments Inc.
• Klarna Bank AB
• Payoneer Global Inc.
• Paysafe Limited
• Stripe Inc.

What Are The Key Trends In The M-commerce Payment?

Fast-evolving trends in the M-commerce payment market include:
• QR code payments
• In-app purchases
• Mobile banking integration
• Wearable device payments
• Peer-to-peer mobile payments

What Are The Segments Of The Global M-commerce Payment?

Segments of the M-commerce payment market include:
1) By Payment Method: Near Field Communication, Premium SMS, Wireless Application Protocol, Direct Carrier Billing
2) By Mode Of Transaction: Mobile Retailing, Mobile Booking Or Ticketing, Mobile Banking, Mobile Billing
3) By End-use Industry: Retail, Hospitality And Tourism, IT And Telecommunication, BFSI, Media And Entertainment, Healthcare, Airline

Which Region Leads The M-commerce Payment?

Asia-Pacific was the largest region in the m-commerce payment market in 2024 and is expected to maintain the highest CAGR for market share in the upcoming years.

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What Is Covered In The M-commerce Payment Global Market Report?
Market Size Analysis: Analyze the M-commerce Payment size by key regions, countries, product types and applications.
Market Segmentation Analysis: Identify various subsegments within the M-commerce Payment for effective categorization.
Key Player Focus: Focus on key players to define their market value, share and competitive landscape.
Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
Market Contribution: Evaluate contributions of different segments to the overall M-commerce Payment growth.
Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
Industry Challenges: Analyze challenges and risks affecting the M-commerce Payment.
Competitive Developments: Analyze competitive developments, such as expansions, agreements and new product launches in the market.

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This release was published on openPR.