openPR Logo
Press release

Mobile Payment Transaction Market: Booming E-Commerce Industry Primary Factor Boosting Market Growth

09-26-2017 08:17 AM CET | IT, New Media & Software

Press release from: Persistance Market Research

Mobile Payment Transaction Market: Booming E-Commerce

The mobile payment is an integrated system linked by various components of value chain which typically includes the merchant, the consumer, the financial institution involved and not to forget the payment gateway and the telecom network.

In terms of revenue, the global mobile payment transaction market revenues valued at US$ 549,917.7 Mn in 2015 will possibly reach US$ 2,849,231.4 Mn in the year 2020.

Mobile payment transaction volume will grow by a massive 41.7% during the forecast period 2015-2020. In terms of volume, the global mobile payment transaction market volume was 18,969.8 million transactions in the year 2015 and this is projected to increase by 106,001.5 million transactions by the year 2020.

Persistence Market Research forecasts the global mobile payment transaction market to register a CAGR of 39.1% through 2020 and reach US$ 2.89 trillion in revenues.

Request Sample :https://www.persistencemarketresearch.com/samples/12937

Market dynamics

Even though there will be tremendous growth in mobile payment transactions market, there are many challenges that are obstructing the growth of this market. A major challenge is the slow adoption of smartphone compatible POS systems by the retailers. If taken at face value, a 41.7% volume growth looks amazing, but there is something to be concerned about. One of the major concerns is that apart from few countries, consumers haven’t fully accepted the concept of mobile payments, even though the facility is much more secure. However, given the inherent nature of the product, it wouldn’t be long before consumers all over the world use the facilities provided by mobile payments, as per the research report of Persistence Market Research.

Market forecast

By technology, SMS and WAP/WEB will continue to account for most of the transactions conducted worldwide. Mobile payments conducted through SMS will witness a robust CAGR of 24.5% over the forecast period. In the year 2015, the revenue from the SMS segment was US$ 238,884.3 Mn and this is going to be at the value of US$ 678,117.1 Mn by 2020 end.

Download TOC : https://www.persistencemarketresearch.com/market-research/mobile-payment-transaction-market/toc

Mobile payments conducted through WAP/WEB will witness a CAGR of 48.0% during the forecast period. In the year 2015, the revenue from the WAP/WEB segment was US$ 164,386.1 Mn and this is going to be valued at US$ 1,725,209.6 at the end of the forecast period in the year 2020.

Money transfer and merchandise purchases account for over 90% revenue share of the global mobile payment transaction market on the basis of end-use ‘purpose’. Mobile payments made for merchandise purchases will be worth US$ 323.73 Bn in 2016, up from US$ 228.32 Bn in 2015. Money transfer, the largest end-use purpose in the mobile payment transaction market, will grow by over 38% to surpass US$ 381 Bn in revenues.

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

305 Broadway,7th Floor
New York City, NY 10007
United States
+1-646-568-7751
+1 800-961-0353 (USA-Canada Toll free)
Email: sales@persistencemarketresearch.com
Website: https://www.persistencemarketresearch.com

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 Mobile Payment Transaction Market: Booming E-Commerce Industry Primary Factor Boosting Market Growth here

News-ID: 739007 • Views:

More Releases from Persistance Market Research

Evolving Trends in the Insulin Pens Market: A Comprehensive Report
Evolving Trends in the Insulin Pens Market: A Comprehensive Report
Market Overview: The Insulin Pens Market has witnessed remarkable growth and innovation over the years. Insulin pens are medical devices used by individuals with diabetes to administer insulin easily and accurately. These devices have become an integral part of diabetes management, offering numerous advantages over traditional insulin delivery methods, such as syringes and vials. In 2022, the global market for insulin pens brought in US$ 16.2 billion in revenue and is predicted
Smart Machines Market to register growth at a CAGR of 20.1% throughout 2023-2033
The market for smart machines was valued at US$ 73,456.2 Mn in 2022, and it is expected to grow to US$ 5,44,986.6 Mn by the end of 2033. In 2023, the market for smart machines is expected to be worth US$ 87,045.6 Mn. From 2023 to 2033, the market for Smart Machines is expected to grow at a CAGR of 20.1%. The market for artificially intelligent machines and systems that can
Unified Cloud Communication and Collaboration Market will register a 11.1% CAGR by 2032
Unified Cloud Communication and Collaboration Market will register a 11.1% CAGR …
The global cloud collaboration market was valued at US$ 48 billion in 2022, and it is expected to grow at an 11.1% CAGR, likely reaching US$ 137.3 billion by the end of the forecast period, which runs from 2022 to 2032. The expansion of organizations' cross-border projects, increased productivity, and the rise of the bring your own device (BYOD) trend are some of the major factors expected to drive the
Optical Transceivers Market is Set to Grow At A CAGR Of 14.6 % By 2032
Optical Transceivers Market is Set to Grow At A CAGR Of 14.6 % By 2032
Persistence Market Research's new report "Optical Transceivers Market" examines the competitive landscape and the market's growth prospects in the coming years. The report of the Optical Transceivers market for the analysis period of 2023 - 2033 includes an in-depth study of some new and prominent industry trends, engagement analysis, and detailed regional analysis. Need More Insights on Competitor Analysis of the Smart Home Cloud Platform Market, Request for Sample https://www.persistencemarketresearch.com/samples/4798 Through

All 5 Releases


More Releases for Mobile

Asia - Mobile Infrastructure and Mobile Broadband
Bharat Book Bureau Provides the Trending Market Research Report on "Asia - Mobile Infrastructure and Mobile Broadband" under Telecom category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports. Executive Summary Leading Asian nations prepare for 5G rollouts Asia’s mobile subscriber market is now witnessing moderate growth in a fast maturing market. Whilst there are still developing markets continuing to grow their mobile subscriber base at
Mobile Virtual Network Operator (MVNO) Market 2019 Growth Trends by: LEBARA GROU …
The global mobile virtual network operator (MVNO) market was valued at USD 54.1 billion in 2017. The market is expected to register a CAGR of 8.8% during the forecast period, 2018-2023. Mobile virtual network operators (MVNO) are those who resell data and voice services with more flexible plans and lower prices. MVNO’s do not have their own infrastructure and own spectrum. However, they purchase minutes of use (MOU) from mobile
Mobile Virtual Network Operator (MVNO) Market Analysis by Top Key Players Tracfo …
The mobile virtual network operator (MVNO) is also referred to as the mobile other licensed operator (MOLO), or the virtual network operator (VNO), is the remote service of communication which does not claim the remote network infrastructure on which it gives the customer the services. Get Sample Copy of this Report @ https://www.bigmarketresearch.com/request-sample/2835705?utm_source=RK&utm_medium=OPR The MVNO goes into the business agreement with the mobile network operator for acquiring more access to
Mobile Virtual Network Operator (MVNO) Market Comprehensive Study 2018: Boost Mo …
Global Mobile Virtual Network Operator (MVNO) market report provides a thorough synopsis on the study for market and how it is changing the industry. The data and the information regarding the industry are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the market experts. Mobile Virtual Network Operator (MVNO) Market report includes historic data, present market trends,
Asia - Mobile Infrastructure And Mobile Broadband
Asian mobile broadband market continues to grow strongly With 3.9 billion mobile subscribers and over 50% of the mobile subscribers in the world, spread across a diverse range of markets, the region is already rapidly advancing in the adoption of mobile broadband services. Mobile broadband as a proportion of the total Asian mobile broadband subscriber base, has increased from 2% in 2008 to 18% in 2013, 27% in 2014, 33% in
Mobile Money Market Trends, Public Demand and Worldwide Strategy - Mobile Commer …
The mobile money market report provides an analysis of the global mobile money market for the period 2014 – 2024, wherein 2015 is the base year and the period from 2016 to 2024 is the forecast period. Data for 2014 has been included as historical information. The report covers all the prevalent trends playing a major role in the growth of the mobile money market over the forecast period. It