Global Mobile Payment 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
Mobile payment helps in the processing of money transaction or payment of goods and services through the mobile or smartphones. The mobile payment market is having the high CAGR of 23.95% during the forecast period 2019-2025. Increasing penetration of smartphones and the rising adoption of mobile payment in emerging economies are the primary factor in boosting the growth of the mobile payment market. However, fear of data breach and security concerns is hampering the growth of the mobile payment market. Demand for fast and hassle-free transaction services and increasing adoption of mobile payment market is creating an abundant number of opportunities shortly.
Research Study Objectives:
- Define, estimate, and forecast the mobile payment market statistics by mode of transaction, mobile payments, end-user, and regions concerning the individual growth drivers, market trends and their contribution toward the mobile payment 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 payment Market Analysis report.
- Analysis and conclusions on the future mobile payment market outlook.
Top-down and bottom-up approaches are used to validate the mobile payment market size and are used to estimate the size of other 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
Global Mobile Payment 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
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 payment 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 payment 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 payment market segmentation is as follows:
By Mode of Transaction
- Short Message Service
- Wireless Application Protocol
- Near-Field Communication
By Mobile Payments
- Mobile Wallets and Bank Cards
- Mobile Money
By End-User
- Entertainment
- Energy & Utilities
- Healthcare
- Retail
- Hospitality & Transportation
- Banking & Financial Services
- Government Services
- Media & Entertainment
- Others
Geographical Analysis:
Mobile Payment Market is segmented by geography into North America, South America, Europe, APAC and Middle East &
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Global Mobile Payment 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
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, 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
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