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Penetration of Smartphones & Growth of M-Commerce Boost Global Mobile Payment Industry


Portland, OR -- (SBWIRE) -- 06/18/2018 -- Research Beam has added a report, titled, "Mobile Payment Market - Global Opportunity Analysis and Industry Forecast, 2016–2023." According to the report, the global mobile payment market is estimated to register a considerable CAGR from 2016 to 2023. The report provides detailed analysis of drivers & restraints, key segments, major market players, and Porter's Five Forces. This information is useful for new entrants, market players, leading investors, and shareholders to acquire impressive asset base, capitalize on various opportunities, adopt strategies to gain international presence, and gain major market share across the world.

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The research provides an executive summary of the global mobile payment market along with CXO perspective. Key benefits for stakeholders are covered in the report along with research methodology. An overview of the industry is offered based on market definition, scope, and key findings, and market positioning. Key findings of the report are offered based on top impacting factors, top winning strategies, and top investment pockets. Porter's Five Forces Analysis (PFFA) is outlined based on bargaining power of suppliers & buyers, threat of new entrants & substitutes, and competitive rivalry to determine competitive intensity. Moreover, key market player positioning for 2017 is mentioned in the report to offer insights on the competitive scenario.

The dynamics of the global mobile payment market is offered based on drivers, restraints, and opportunities. Rise in penetration of smartphones, increase in m-commerce industry, and growth in adoption of mobile payment in emerging countries drive the market. However, data breach and concerns regarding security restrain growth in the industry. On the other hand, rise in demand for fast and hassle-free transactions present new opportunities in the market.

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The report provides a comprehensive analysis of segments of the global mobile payment industry based on mode of transaction, type of mobile payment, application, and geography. Based on mode of transaction, the market is segmented into near-field communication, short message service (SMS), and wireless application protocol (WAP). Based on the type of mobile payment, it is further classified into mobile wallet/bank cards and mobile money. Application segment is sub-segmented into entertainment, healthcare, energy & utilities, hospitality & transportation, retail, and others. Geographically, the market is further divided into North America, Europe, Asia-Pacific, and LAMEA. These insights enable market players in devising strategies, determining dominating segments, and identify rising economies to gain competitive advantage worldwide.

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The research outlines major industry players operating in the global mobile payment industry. Insights on company overview, operating business segments, business strategies, product portfolio, and key developments are offered for each market player. Major market players analyzed in the study are Orange S.A., MasterCard Incorporated, Vodacom Group Limited, MTN Group Limited, Bharti Airtel Limited, PayPal Holdings, Inc., Safaricom Limited, Millicom International Cellular SA, Econet Wireless Zimbabwe Limited, and Mahindra Comviva. This information is useful to gain insights on competitive intensity and take steps to gain strong market presence in the industry. Tables and figures mentioned in the research offer insights to help market players, investors, stakeholders, and startups understand market scenario in detail.

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