Global Mobile Money Market - Size
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
The mobile money market is the payment service referred to transfer funds between banks or deposits, pay bills, deposit or withdrawal. Global mobile money market size was valued at $29.53 billion in 2017 and is estimated to reach $429.18 billion by 2025 with the CAGR of 39.72% during 2019-2025. Increased uses of mobile devices among users, technological advancements, rapid rising non-cash payments, existing of new business avenues for stakeholders, demographic needs are evolving across regions, and high adoption rates of mobile money services are the major factors for market growth. Whereas, fear of data security, privacy issue, lack of awareness on benefits from mobile money services, rising of interoperability issue during the switch to new handsets, various regulations & rules across regions and unregulated network coverage are hampering the growth of the market. Moreover, enhancing the virtual finance with reality, existence of flexibility provisions, promoting mobile money to a new level and increasing support from public authorities are expected to drive the market growth over the forecast period 2019-2025.
Research Study Objectives:
- Define, estimate, and forecast the mobile money market statistics by transaction mode, nature of payment, location, type of purchase end users and regions concerning the individual growth drivers, market trends and their contribution toward the mobile money market growth
- Provides comprehensive information regarding the key factors influencing the market growth (Drivers, Restraints & Challenges, and Opportunities)
- Estimate & forecast the market size of all the segments concerning geographies including North America, Europe, Asia Pacific (APAC), South America and the Middle East and Africa (MEA).
- Recent competitive developments including M&A (mergers and acquisitions), partnerships, and product innovations are provided in the mobile money market analysis report.
- Analysis and conclusions on the future mobile money market outlook.
Top-down and bottom-up approaches are used to validate the mobile money market size and are used to estimate the size of other
Global Mobile Money Market - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
dependent submarkets. Key players in the market are identified through various secondary sources; databases including Bloomberg Businessweek, Hoovers, Factiva, journals and associations and the market revenues are estimated and are thoroughly validated through primary and secondary research. Secondary research involves the study of annual and financial reports of top players in the market, whereas primary research includes extensive interviews with the KoL’s such as CEOs, directors, board members, VP’s, sales managers, engineers, marketing executives, technicians, account managers, investors, strategic decision makers and others. The mobile money market shares and breakdowns are determined using secondary sources and are verified by the primary sources. All possible parameters/factors that are affecting the mobile money market demand are covered in the research study are verified through primary research, analysed and interpreted to get the final qualitative and quantitative data. This data is collected and added with detailed analysis from Envision Inteligence and presented in this report.
The scope of the Report
The mobile money market segmentation is as follows:
By Transaction Mode
- Near Field Communication/ Smart Cards
- Direct Mobile Billing
- Mobile Web/ Wap Payments
- Short Message Service
- SIM Toolkit/Unstructured Service Supplementary Data
- Mobile Applications
- Interactive Voice Response System
- Others
By Nature of Payment
- Person to Person
- Person to Business
- Business to Person
- Business to Business
By Location
- Remote Location
- Proximity Location
By Type of Purchase
- Airtime Transfer and Top Up
- Money Transfers and Payments
- Merchandise and Coupons
- Travel and Ticketing
- Digital Products
By End Users
- Banking, Financial Services and Insurance (BFSI)
- Telecom and IT
- Media and Entertainment
- Travel and Hospitality
- Retail
- Healthcare
- Transportation and Logistics
- Energy and Utilities
- Others
Geographical Analysis:
Mobile money Market is segmented by geography into North America, South America, Europe, APAC and Middle East & Africa. U.S., Canada, Mexico and Costa Rica are analysed under North American region which is usually turning as the hotspot in the market. The South American region is further segregated into Brazil, Argentina, Chile, Columbia and some other emerging economies. In Europe, the market is extensively examined by covering U.K., Germany, France, Italy,
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Global Mobile Money Market - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
Spain, Netherlands, Poland, Switzerland and some other promising economies. APAC is further categorised by countries into China, India, Japan, South Korea, Australia & New Zealand, Malaysia, Singapore and many other emerging nations. In the Middle East & African region, Saudi Arabia, UAE, Iran, Iraq, Qatar, South Africa, Algeria, Morocco, Nigeria and so on countries are evaluated to understand the market growth lucidly.
Customization Options:
With the given research report, Envision Inteligence offers customisations as per the client’s specific requirements. The following customisation options offered for the mobile money market include:
- Scope Revision
- Geographic Analysis
- Company Profiles
- Historical Data & Forecasting
- Key Contact Persons in companies
Global Mobile Money Market Research Report Includes:
- An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have a complete market analysis through industry value chain analysis, Porter’s Five Force Model, PESTLE, SWOTanalysis, and Y-o-Y analysis.
- Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
- Identifying DROC in the current market and their impact on altering market dynamics.
- Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
- Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Identify the latest developments, market shares and strategies that are employed by the significant mobile money market players, such as
- Vodafone Group PLC
- MasterCard Incorporated
- Google LLC
- Bharti Airtel Limited
- Orange S. A.
- Along with these companies, many other companies are considered in the report while analysing the global mobile money market competitive strategies and environment. These companies held substantial share-owning to the nature of the industry whereas, the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players also have considerable presence owing to its robust brand image, geographical reach and stable customer base.
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