The Mobile Payment Industry sales study offers a comprehensive analysis on diverse features including production capacities, Mobile Payment demand, product developments, sales revenue generation and Mobile Payment market outlook across the globe.
market research report by Fact.MR, (Leading business and competitive intelligence provider) on global Mobile Payment market sales initiates with an outlook of the market, followed by the scrutiny of the demand and consumption volumes and share and size of various end-use segments
Demand for mobile payments is likely to garner a market value of US$ 42 Billion in 2022 and is expected to register a staggering double digit CAGR of 30% by accumulating a market value of US$ 590 Billion through the assessment period 2022-2032
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The readability score of the Mobile Payment market demand report is good as it offers chapter-wise layout with each section divided into a smaller sections.
The report encompasses graphs and tables to show the entire assembling. Pictorial demonstration of the definite and estimated values of key segments is visually appealing to readers.
This Mobile Payment market outlook report explicates on vital dynamics such as the drivers, restraints and opportunities for key players and competitive analysis of Mobile Payment along with key stakeholders as well as emerging players associated with the manufacturing of product.
The Key trends Analysis of Extended Mobile Payment market also provides dynamics that are responsible for influencing the future sales and demand of over the forecast period.
Key Companies Profiled
- Google (Alphabet Inc.)
- Samsung Electronics Co. Ltd.
- Visa Inc.
- Alibaba Group Holdings Limited
- PayPal Holdings Inc.
- WeChat (Tencent Holdings Limited)
- American Express Company
- M Pesa
- Money Gram International
- com Inc.
- Apple Inc.
Competitive Landscape:
Prominent mobile payment service providers are continuously striving to enhance the digital financial transactions landscape by introducing highly secure and fast acting wallets and payment gateways. Furthermore, collaborations with governments to facilitate transition towards a digitized economy are also being witnessed. Some prominent developments are as follows:
- In October 2021, Samsung Electronics Co. Ltd launched a scan QR feature with camera and quick panel for easier and faster payments in India. The feature is currently live on Samsung pay compatible devices.
- In August 2021, Visa Inc launched “Bring India Home” initiative. Through this initiative, the company is focusing on making 50 million small businesses across India to go digital. This will help businesses earn money via mobile payments.
Key Segments Covered
- By Technology :
- Direct Mobile Billing
- Interactive Voice Response System based Mobile Payment
- Mobile App based Payments
- Mobile Payments via Near Field Communication
- Mobile Web Payment
- Mobile Payment via SMS
- Other Mobile Payment Technologies
- By Type :
- B2B
- B2C
- B2G
- Other Payment Types
- By Location :
- Remote
- Proximity
- By End Use :
- Media & Entertainment
- Healthcare
- IT & Telecom
- Retail & E-commerce
- Transportation
- BFSI
- Other End Uses
- By Region :
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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