Harrisburg, NC -- (SBWire) -- 02/08/2019 --Global Mobile Payment Market Size, Status and Forecast 2025
Mobile payment (also referred to as mobile money, mobile money transfer, and mobile wallet) generally refer to payment services operated under financial regulation and performed from or via a mobile device. Mobile payments are an increasingly attractive way to pay because they're secure, fast, and convenient. Since the growth of Apple Pay and other NFC payments isn't slowing down, adapting to mobile payment technology is extremely valuable for your business.
With increasing number of mobile devices all over the globe and high-speed cellular networks, e-commerce industry is in its best shape than ever before. The increasing number of data analysis tools and big data analytics are helping the vendors to customize their offerings increasing the possibility of a sale. According to the E-commerce Foundation, in 2017, the e-commerce industry all over the globe made revenue of USD 1.84 trillion out of which a major portion of sales is made via mobile devices. According to the E-commerce Foundation, more than 25% of the consumers purchase weekly via mobile devices most of the purchases being made form retailer's app or website.
The Global Mobile Payment market is anticipated to grow at a CAGR of 33.8% from 2017 to 2023 to attain a market size of $4,574 billion by 2023.
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Top Leading Companies are: WeChat Pay,Alipay,PayPal,Apple Pay,WePay,Verifone,Samsung Pay,PlaySpan,PayStand,Payoneer,Paymentwall,Heartland Payment Systems,First Data,Amazon Pay,Stripe
Based on mobile payment type, the mobile payment market is bifurcated into mobile wallets/bank cards and mobile money. With the growth in awareness about mobile wallets, along with launch of mobile wallet apps such as Google wallets and Paytm, the mobile wallet segment is expected to witness robust growth in the coming years. However, mobile money is expected to remain the major revenue contributor throughout the analysis period. Based on application, retail occupied the largest share in the mobile payment market in 2016. With the advent of hotels and car rental apps, the hospitality & transportation segment is projected to witness the highest growth rate to reach $1,087,662 million by 2023.
Contents of the 15 Chapters for This Mobile Payment Market Study:-
Chapter 1, to describe Mobile Payment Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of Mobile Payment , with sales, revenue, and price of Mobile Payment , in 2017 and 2019;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2017 and 2019;
Chapter 4, to show the global market by regions, with sales, revenue and market share of Mobile Payment, for each region, from 2013 to 2019;
Chapter 5, 6, 7, 8 and 9, to analyze the key regions, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2019;
Chapter 12, Mobile Payment market forecast, by regions, type and application, with sales and revenue, from 2019 to 2025;
Chapter 13, 14 and 15, to describe Mobile Payment sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.
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Mobile Payment Market, by Type:
Near-field Communication (NFC) Payments
Sound Waves-based Payments
Magnetic Secure Transmission (MST) Payments
Mobile Payment Market, by Application:
Personal User
Business Users
The Asia-Pacific generated the highest revenue in the mobile payment market in 2016 due to increase in number of youth population that is active on online media in India, growth in m-commerce, and introduction of innovative solutions by the key players in the region. The mobile payment market in LAMEA is expected to grow at the CAGR of 31.4% during the forecast period.
The report will make detailed analysis mainly on the development environment, Market size, development trends, operation situation and future development trends of Mobile Payment Market on the basis of current situation of the industry in 2019 so as to make full comprehension and judgment on the competitive situation of Mobile Payment Market Carrier and assist manufacturers and investment organization to better grasp the development course of Mobile Payment Market.
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Important attributes of the report:
The 360-degree Mobile Payment overview based on a global and regional level.
Market share, value, volume, and production capacity is analyzed on global, regional and country level.
A complete and useful guide for new market aspirants.
Forecast information will drive strategic, innovative and profitable business plans.
SWOT analysis of players will pave the way for growth opportunities, risk analysis, investment feasibility and recommendations.
Lastly, the research methodology and data sources are offered in this report.
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Mobile Payment Market Growth, Rising Trends and Business Outlook 2019 to 2025