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Global Mobile Payment Market 2017-2021

  • Published: Aug 2017
  • Pages: 72
  • SKU: IRTNTR14576
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A comprehensive analysis of the mobile payment market pegs the market to post an impressive growth trajectory. A detailed analysis of this growth is presented by market segmentation into modes of transaction (NFC, SMS, Direct carrier, and WAP), type of payment (mobile wallet and mobile money), and geographical segmentation (the Americas, APAC, and EMEA). This industry research report identifies FIS, Gemalto, MasterCard, PayPal, Alibaba Group, Apple, Google, and Samsung Electronics as some of the key vendors in the global mobile payment market. This industry research report identifies FIS, Gemalto, MasterCard, PayPal, Alibaba Group, Apple, Google, and Samsung Electronics as some of the key players in the market.

Global mobile payment market overview

Technavio’s market research analysts forecast the mobile payment market to grow at a CAGR of 36% through 2021. Mobile payments are gaining popularity owing to technological developments and changing attitudes of customers. This is further supported with the growing accessibility and penetration of the internet and smartphones. Increasing security in  mobile technologies has encouraged many banks in the ASEAN region and APAC to implement immediate payment services. This global mobile payment market analysis report identifies that the preference for immediate transactions as one of the major factors that will have a positive impact on the mobile payment market share

Technological advancements have enabled exponential growth of the mobile payments market to the extent that there is a consistent decrease in the number of people who have never used a mobile phone to make payments. The facility of instant transaction has led to the growth of the mobile payments market. The development of innovative products and the rise in service extensions is the key to further growth in this industry.

In terms of geographic regions, APAC will be the major revenue contributor to the mobile payment market throughout the forecast period. The growth of the m-commerce market and large customer base for smartphones and tablets will drive the growth of the mobile payment gateway market in the region.

 

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Competitive landscape and key vendors  

The mobile payment market is highly competitive and the market players focus on developing innovative products. According to the mobile payment industry analysis report, the rise in service extensions will increase the competition among the players. To gain large market shares, the vendors increasingly focus on engaging in mergers and acquisitions.

The leading vendors in the market are -

  • FIS
  • Gemalto
  • MasterCard
  • PayPal
  • Alibaba Group
  • Apple
  • Google
  • Samsung Electronics

The other prominent vendors in the market are Bharti Airtel, American Express, Bank of America, Citrus Payment Solutions, LevelUp, MobiKwik, One97 Communication, Orange, Oxigen, Square, Venmo, Visa, and ZipCash Card Services.

Segmentation by mode of transaction and the mobile payment market analysis

  • NFC
  • SMS
  • Direct carrier
  • WAP

During 2016, WAP segment accounted for the major shares of the mobile payment market. However, the NFC mode of transaction will hold the largest market share by the end of the forecast period owing to its advantages such as secure payments and its increased popularity.

Segmentation by type of payment and the mobile payment market analysis

  • Mobile wallet
  • Mobile money

According to this market research report, the wallet mobile payment market segmentation will hold the maximum share of the mobile payment market until 2021. The ease of usage and the ability to store health information cards, loyalty cards, as well as bus and train tickets of the users, will drive the growth of this segment. This in turn, will have a positive impact on the mobile payment ,arket growth.

 

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Key questions answered in the report include

  • What will the mobile payment market size and the growth rate be in 2021?
  • What are the key factors driving the global mobile payment market?
  • What are the key mobile payment market trends impacting the growth?
  • What are the challenges to the mobile payment market growth?
  • Who are the key vendors in the global mobile payment market?
  • What are the market opportunities and threats faced by the vendors in the global mobile payment market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global mobile payment market?

Want to dial in on a specific region or segment? We can help! Our analysts can customize this market research report to meet your requirements. Get in touch.

 

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PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

  • Market outline

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation by mode of transaction

  • Global mobile payment market by mode of transaction
  • Global mobile payment market by WAP
  • Global mobile payment market by direct carrier billing
  • Global mobile payment market by SMS
  • Global mobile payment market by NFC

PART 07: Market segmentation by type of payment

  • Global mobile payment market by type of payment
  • Global mobile payment market by mobile wallet
  • Global mobile payment market by mobile money

PART 08: Geographical segmentation

  • Global mobile payment market by geography
  • Mobile payment market in APAC
  • Mobile payment market in Americas
  • Mobile payment market in EMEA

PART 09: Key leading countries

  • China
  • US
  • UK

PART 10: Decision framework

PART 11: Drivers and challenges

  • Market drivers
  • Market challenges

PART 12: Market trends

  • Cloud-based mobile payment solutions
  • Emergence of mPOS
  • Popularity of bitcoins

PART 13: Vendor landscape

  • Competitive scenario
  • Mobile money vendors
  • Mobile wallet vendors
  • Other prominent vendors

PART 14: Appendix

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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