Global Mobile Payment Market 2015-2019

  • Published: Sep 2015
  • Pages: 72
  • SKU: IRTNTR6998
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About mobile payment

Mobile payment is a form of payment where an end-user can initiate a transaction using a mobile device for goods and services through communication networks or technologies. Mobile payment allows consumers to use a mobile device to pay for goods and services instead of using cash, check, and credit/debit cards. It is also referred to as mobile money, mobile money transfer, and mobile wallet.

Technavio's analysts forecast the global mobile payment market to grow at a CAGR of 36.26%, in terms of transaction volume, over the period 2014-2019. In terms of number of end-users, the market is expected to grow at a CAGR of 18.10% during the forecast period.

Covered in this report

This report covers the present scenario and the growth prospects of the global mobile payment market for the period 2015-2019. To calculate the market size, the report considers the total transaction volume sourced through mobile devices. In addition, the report discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.

Technavio's report, Global Mobile Payment Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the global mobile payment market and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

  • Gemalto
  • Google
  • Mahindra Comviva
  • MasterCard
  • Orange
  • PayPal
  • Visa
  • Vodafone Group

Other prominent vendors

  • Airtel Money
  • Alipay
  • Amazon.com
  • American Express
  • Apple
  • Bank of America
  • Citrus Payment Solutions
  • Dwolla
  • First Data
  • LevelUp
  • LivQuik
  • MCX
  • Mobikwik
  • m-pesa
  • One97 Communication
  • Oxigen
  • Square
  • Tata Teleservices
  • Venmo
  • Y-Cash Software Solutions
  • ZipCash
  • ZipPay

Key market driver

  • Increased security 
  • For a full, detailed list, view our report

Key market challenge

  • Infrastructure inadequacies
  • For a full, detailed list, view our report

Key market trend

  • Growing awareness about the use of mobile wallets
  • For a full, detailed list, view our report

Key questions answered in this report

  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?
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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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