Zion Market Research, the market research group announced the analysis report titled "Mobile Payment Technology Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"

Sarasota, FL -- (SBWire) -- 08/02/2017 --Global Mobile Payment Technology Market: Overview

Mobile payment technology is also known as near field communication technology. It enables transfer of data between two gadgets that are NFC-enabled. This data transfer can consist of device control or cash payments.

Request for Free Sample Report @
https://www.zionmarketresearch.com/sample/mobile-payment-technology-market

Global Mobile Payment Technology Market: Growth Factors

The global mobile payment technology market is likely to have a drastic growth in the coming future. Increase use of mobile payments in industrial as well as commercial sectors is the main reason that has boosted the growth of the global market. Additionally, growing digitalization is also driving the growth of the global mobile payment technology market. In addition to this, government norms and current situations in some countries is also powering the growth of the global mobile payment technology market. Besides, use of advanced technology is also one of the significant reasons that are driving the global market. Moving on, increased use of smartphones is also playing an important role in the growth of the global market.

On the other hand, rising cases of fraud and online thefts are the main reason hampering the growth of the global mobile payment technology market. In addition to this, unawareness among the people is also one of the significant reasons that are restraining the growth of the global market. Furthermore, lack of job opportunities is also one of the reasons that are decreasing the growth of the global mobile payment technology market. Furthermore, the hefty cost of transportation is hindering the growth of the global market. High charge of payment gateways is also decreasing the growth of the global market to some extent.

Request to view Report TOC (Table of Contents) @
https://www.zionmarketresearch.com/toc/mobile-payment-technology-market

Global Mobile Payment Technology Market: Segmentation

Based on operating modes, the global mobile payment technology market is mainly classified as reader emulation, card emulation, and peer-to-peer modes.

On the basis of products and software, the global market is segmented into auxiliary and non-auxiliary.

Based on industry, the global market for mobile payment technology is segmented into transportation, retail, residential & commercial, automotive, consumer electronics, medical & healthcare, and others.

On the basis of the region, the global market is bifurcated as North America, South America, Latin America, Europe, Asia-Pacific, and Rest of the World.

Global Mobile Payment Technology Market: Regional Analysis

Regionally, the global mobile payment technology market is mainly bifurcated as North America, Asia-Pacific, and Rest of the World. Increase use of mobile payments in industrial as well as commercial has boosted the global market in North America. Government norms and current situations in India is one of the main factors that are lowering the global market. The Rest of the World will also show a high growth in the global market.

Browse Detail Report @
https://www.zionmarketresearch.com/report/mobile-payment-technology-market

Global Mobile Payment Technology Market: Competitive Players

Some of the key players in the global market for mobile payment technology are Hewlett-Packard Enterprise, IBM Corporation, Veracode, WhiteHat Security, Checkmarx, Qualys, Acunetix, Rapid7, Accenture, Cigital, Ernst & Young, and Deloitte.

About Zion Market Research
Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client's needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.