The Worldwide Mobile Payment Industry is Expected to Reach $14 Trillion by 2027 – ResearchAndMarkets.com

Date:

CHOOSE YOUR CHOICE GIFT CARD OFFER TODAY


DUBLIN–()–The “Global Mobile Payment Market (2022-2027) by Pay Option, Purchase Type, Payment Type, Industry, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis” report has been added to ResearchAndMarkets.com’s offering.

CHOOSE YOUR CHOICE GIFT CARD OFFER TODAY

The Global Mobile Payment Market is estimated to be USD 4.23 Tn in 2022 and is expected to reach USD 15.75 Tn by 2027, growing at a CAGR of 30.07%.

Market dynamics are forces that impact the prices and behaviors of the Global Mobile Payment Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

CHOOSE YOUR CHOICE GIFT CARD OFFER TODAY

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Countries Studied

CHOOSE YOUR CHOICE GIFT CARD OFFER TODAY

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of – Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of – Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA.
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

CHOOSE YOUR CHOICE GIFT CARD OFFER TODAY

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Mobile Payment Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst’s competitive positioning tool.

Market Dynamics

Drivers

  • Increasing Penetration of Internet and Smartphones and Rising E-Commerce
  • Favorable Government Initiatives for Digitalise Payments
  • Increase in Adoption of Automated Payment Options – Direct Carrier Billing, Mobile Point of Sale(mPOS), Mobile Wallets, etc

CHOOSE YOUR CHOICE GIFT CARD OFFER TODAY

Restraints

  • The Spending Limit for Contactless Payments by Government

Opportunities

  • Opportunity to Reduce Barriers for Cross-Border Payments
  • Adoption of Mobile Payment Services in Emerging Countries

Challenges

  • Closing the Gap Between the Awareness and Adoption of this Technology
  • Security Risk
  • Availability of Alternative

Market Segmentation

The Global Mobile Payment Market is segmented based on Pay Option, Purchase Type, Payment Type, Industry, and Geography.

  • Pay Option, the market is classified into Mobile Wallet/ Bank Cards and Mobile Money.
  • Purchase Type, the market is classified into Airtime Transfer and Top Ups, Money Transfers and Bill Payments, Merchandise and Coupons, Travel and Ticketing, and Others.
  • Payment Type, the market is classified into Proximity Payment, Near Field Communication (NFC), QR Code Payment, Remote Payment, Internet Payment, Direct Operator Billing, Digital Wallet, and SMS Payment.
  • Industry, the market is classified into Media and Entertainment, Retails and eCommerce, BFSI, Automotive, Medical and Healthcare, Transportation, Consumer Electronics, and Other.
  • Geography, the market is classified into Americas, Europe, Middle-East & Africa and Asia-Pacific.

Companies Mentioned

  • Alibaba Group
  • Amazon.com, Inc
  • American Express Company
  • Apple Inc.
  • Bank of America Corporation
  • eBay (PayPal Holdings, Inc.)
  • FIS
  • Google LLC
  • JPMorgan Chase & Co.
  • LevelUp
  • M Pesa(Vodafone Group)
  • Mastercard Inc.
  • MobiKwik Company
  • MoneyGram International, Inc.
  • One97 Communications (Paytm)
  • Oxigen Services Pvt.
  • PayU
  • Samsung Electronics Co., Ltd.
  • Square, Inc. (Block, Inc.)
  • Thales Group
  • Visa Inc.
  • WeChat (Tencent Holdings Limited)
  • ZipCash

For more information about this report visit https://www.researchandmarkets.com/r/ldez2v



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

Subscriber deal: How to save on frozen food at Coles – The West Australian

Subscriber deal: How to save on frozen food...

Interview With Shiva Sitamraju – Blockonomics

Private Internet Access recently interviewed Shiva Sitamraju,...

PayPal shifts charitable giving from checks to electronic transfers

PayPal is expanding further into the charitable donations...

BetMGM Kansas Promo Code Locks Down $200 with TD Sunday –

If you’re looking for the best NFL betting...