openPR Logo
Press release

Mobile Payment Technologies Market Reporting & Evaluation of Recent Industry Developments

12-05-2017 06:56 AM CET | IT, New Media & Software

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Mobile Payment Technologies Market Reporting & Evaluation

The global mobile payment technologies market is foreseen to grow manifolds in coming times. Rising interest for cutting edge payment innovation and expanding center around making cashless economy has prompted the solid emergence of mobile payment innovation suppliers in the market. A portion of the significant players in worldwide mobile payment technologies market are Visa, Inc., Boku, Inc., PayPal, Inc., Vodafone Ltd., AT and T, Inc., Apple, Inc., Microsoft Corporation, MasterCard International Inc., American Express, Co., Fortumo, Bharti Airtel Ltd., and Google, Inc.

Download exclusive Sample of this report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=157

According to a recent research report by Transparency Market Research (TMR) the global mobile payment technologies market is anticipated to flourish with a tremendously strong CAGR of 20.5% within its forecast period from 2016 to 2024. In year 2015 the overall mobile payment technologies market was evaluated to be worth US$ 338.72 bn. This value is expected to reach around worth US$ 1,773.17 bn by the end of year 2024. Based on type, near field communication (NFC) segment is expected to dominate the other segments because of advancement in technologies in mobile payment sector all over the world. Geographically, Asia Pacific will stand out in the coming time as it is slated to represent an offer of 42.5% in the worldwide market before the finish of 2024.

Integration of IoT with Payment Application to Boost the Global Market Demand

Mobile payment is an innovation which enables buyers to make quick payments for items and administrations by utilizing a versatile electronic gadget, for example, tablets, smartphones, and cell phones which are worked as a payment vehicles. Developing selection of cutting edge technologies, for example, wearable gadgets, near field communication, and mobile point-of-sale are relied upon to lift the interest for mobile payment technologies in anticipated years. The appropriation of prompt payment technologies are persistently expanding in developing districts, for example, Middle East and Africa and Asia Pacific. This is likewise a central point which is relied upon to help the mobile payment technologies market in the coming years.

Obtain Report Details @ https://www.transparencymarketresearch.com/mobile-payments-market.html

Aside from this, fast advancements in the mobile payment answers for give better payment administration to the end-clients are additionally foreseen to fuel the development of the mobile payment technologies market. What's more, developing government drove activities and expanding appropriation of shrewd machines are expected to drive the market. Besides, combination of IoT with payment applications gives real chances to expand payment arrangement offerings and create upgraded payment technologies. Thusly, it is foreseen that the Internet of Things will support more payments through advanced wallets amid the figured time frame.

Lack of Engagement among the Users to Hamper the Mobile Payment Technologies Market

In any case, low consumer demand for picking new innovation is a major aspect controlling the development of the mobile payment technologies market. On the other side, there are a lot of chances in market to help up the development. Top-end security highlights, speedier and more secure exchanges, joining of traditional exchange strategies in the present working framework will draw in more clients.

Despite the fact that the mobile payment innovation market is thriving, there is a lack of engagement among clients about tolerating the new innovation. It is one of the enormous limiting elements for the development of the market. Shoppers are likewise put off by the deferrals in exchange some still like to direct the exchange in the antiquated ways. Both the clients and shippers are not completely mindful of the working framework of the mobile payment innovation and that is a reason for worry for the general development of the market.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.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 Technologies Market Reporting & Evaluation of Recent Industry Developments here

News-ID: 844520 • Views: 203

More Releases from Transparency Market Research

Wearable EEG Devices Market: Growing incidences of Neurovascular Disorders is Dr …
According to new market research titled 'Wearable EEG Devices Market to 2027 - Global Analysis and Forecasts by Channel and Application.' The global wearable EEG devices market is expected to reach US$ 1,556.35 Mn in 2027 from US$ 745.05 Mn in 2018. The market is projected to grow with a CAGR of 8.7% from 2019-2027. The report provides trends prevailing in the global wearable EEG devices market and the factors
Decentralized Electricity Generation Market - Global Industry Analysis, Share, G …
Global Decentralized Electricity Generation Market: Overview With the increasing installation of smart grids and the rising number of electricity generation resources, the power generation industry has been undergoing a significant change over the recent past. The modification in the grid structure, which permits decentralization of electricity generation, is acting as the main driving force behind the substantial growth of the global market for decentralized electricity generation. The main objective of this research
Global Sucralose Market Outlook In The Developed And Emerging Industry
Sucralose Market Overview Sugar substitute market is witnessing an increasing demand driven by the increasing sales of various sugar substitutes such as natural sweeteners and artificial sweeteners. Sucralose, an artificial sweetener used as a sugar substitute is highly preferred by consumers owing to its zero calorie attribute. Though sucralose is 600 times sweeter than sugar but interestingly it is not identified as the carbohydrate by the human body. Sucralose has its
Flavored Syrup Market - Growth Powered with Latest Development Scenario & Influe …
Flavored Syrup Market Introduction Global syrup market is witnessing a significant demand generated by the food and beverage industry. Consumers' increasing preference for different and personalized flavors in food has driven the syrup manufacturers to produce a wide range of flavored syrups. Flavored syrups contain artificial or natural flavorings mixed along with sugar and water. Obtain Report Details @ https://www.transparencymarketresearch.com/flavored-syrup-market.html Increasing demand of flavored syrups especially among the consumers contributes to the

All 5 Releases


More Releases for Payment

Network Payment Services Market
Reports Intellect newly added the Global Business Catastrophe Insurance Market Report that gives meticulous investigation of current scenario of the Market size, share, demand, growth, trends, and forecast in the coming years. This research report is equipped with the information categorising for Network Payment Services Market by parameters such as players, brands, regions, types and application. The report also details the information about the global market status, competition landscape,
Online Payment Security Market: Increasing Adoption Of Digital Payment Modes
In the recent back, owing to the growing ubiquity of smartphones, laptops, and tablets, the market for online payment has expanded leaps and bounds. But, at the same time, the incidences of cyber-attacks have multiplied exponentially too. Under these conditions, a number of organizations operating in the financial sector are resorting to strongest security measures that are available and consequently, the market for online payment security is flourishing. According to
Mobile Payment Technologies Market - Increasing Adoption of Immediate Payment Pr …
First and foremost, growing adoption of smart devices and increasing mobile data usage is fuelling the mobile payment technologies market. This is mainly because of ease of communication and growing demand for convenient mode of transaction. The ceaseless adoption of mobile devices and digitization wave has been instrumental for the mounting use of mobile transaction especially among new-age consumers. For example, according to statistics of the Groupe Speciale Mobile Association
Payment Company Profile: Square
Square is a US-based payment services provider that allows merchants to accept payments from customers for products and services. The solution allows businesses to accept payments through methods including debit and credit cards issued by all major scheme providers (including Visa, Mastercard, American Express, Diners Club, and China UnionPay), as well as NFC-based solutions such as Android Pay and Apple Pay. For offline payments, Square offers an array of traditional and
Alternative Payment Solution: Swish
Orbisresearch.com published “Alternative Payment Solution: Swish Market” from its database. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Swish is a Swedish mobile payment solution launched in 2012. It is one of the leading P2P payment solutions in Europe with 5.7 million users. Initially launched as a P2P payment service between
Payment Gateway Industry Worth US$ 86.9 Billion By 2025 - Hosted Payment Gateway …
The merchants all over the globe are avidly willing to expand their businesses cross-border by adaption of a logical approach, by partnering with the payment gateways. With the help of this partnership, these merchants gain the advantage of tapping the opportunities created by the globalization of e-commerce. Majority of merchants today, are eyeing up global expansion and wish to grow at a faster pace, however, the last thing they would