Bulletin
Investor Alert

July 21, 2021, 11:47 p.m. EDT

Mobile Payments Market 2021 Global Industry Size, Recent Trends, Demand and Share Estimation by 2023 with Top Players

Mobile Payments Market 2021-2023 presents detailed competitive analysis including the market Share, Size, Future scope. This study categorizes the global Health and Safety Products breakdown data by manufacturers, region, type and applications, also analyzes the market drivers, opportunities and challenges. Mobile Payments Market Report will add the analysis of the impact of COVID-19 on this industry.

Jul 21, 2021 (The Expresswire) -- Global " Mobile Payments Market " (2021-2023) research provides an outline of the business with key insights, applications and the industrial chain structure. Additionally, it provides information of the worldwide market including advancement patterns, focused scene investigation, key locales and their improvement status. Advanced approaches and plans are examined just as assembling procedures and cost structures are dissected likewise. The report states import/trade utilities, market figures, cost, value, income and gross productivity of the market.

Get a sample PDF of the report at - https://www.researchreportsworld.com/enquiry/request-sample/13103401

List of TOP KEY PLAYERS in Mobile Payments Market Report are -

● Vodafone Group Plc ● Gemalto N.V (Thales Group) ● FIS Global ● Google ● Inc. ● Bharti Airtel Limited ● Mastercard Incorporated ● Orange S.A. ● Monitise Plc ● Mahindra Comviva ● Paypal (Ebay ● Inc.) ● Eserve Global ● Cachet Financial Solutions ● Moremagic Solutions ● Visa ● Inc.

"Final Report will add the analysis of the impact of COVID-19 on the In Memory Computing industry."

COVID-19 Impact on Market:

The recent COVID-19 outbreak first began in Wuhan (China) in December 2019, and since then, it has spread around the globe at a fast pace. China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the US are among the worst-affected countries in terms of positive cases and reported deaths, as of March 2020. The COVID-19 outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global food and beverage industry is one of the major industries facing serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak. China is the global manufacturing hub, with the presence of and the largest raw material suppliers. The overall market break down due to COVID-19 is also affecting the growth of the bacon market due to shutting down of factories, obstacle in supply chain, and downturn in world economy.

TO KNOW HOW COVID-19 PANDEMIC WILL IMPACT MARKET/INDUSTRY- REQUEST A SAMPLE COPY OF THE REPORT - https://www.researchreportsworld.com/enquiry/request-covid19/13103401

The mobile payment market was valued at USD 668.12 billion in 2017 and is expected to reach a value of USD 2410.75 billion by 2023 at a CAGR of 23.85% during the forecast period (2018 - 2023).

With the rapidly increasing global economy, mobile phones (especially smartphones) have become an essential commodity for an individual. Similarly, the internet has also become part and parcel of life for many people. This has increased the penetration of smartphones and internet users all over the world driving the growth of mobile payment market. The advancements in technology and introduction of various innovative products and services made mobile phones not only a telecommunication device but also as a monetary transferring device.

Many governments are also encouraging banks to build infrastructure to enable safe and secure mobile payments in rural areas, which is a massive opportunity for the vendors. Conversely, closing the gap between the awareness and adoption of this technology is considered as a major challenge for this industry. The partnerships between various payment networks and mobile operators to provide mobile payment solutions in the emerging markets is expected to give a significant boost to the industry in the near future.

Exponential Growth in E-commerce to drive the Market

With increasing number of mobile devices all over the globe and high-speed cellular networks, e-commerce industry is in its best shape than ever before. The increasing number of data analysis tools and big data analytics are helping the vendors to customize their offerings increasing the possibility of a sale. According to the E-commerce Foundation, in 2017, the e-commerce industry all over the globe made revenue of USD 1.84 trillion out of which a major portion of sales is made via mobile devices. According to the E-commerce Foundation, more than 25% of the consumers purchase weekly via mobile devices most of the purchases being made form retailer’s app or website. With the increasing number of omni-channel vendors all over the globe, this scenario is expected to more boost to the mobile payments market in the next four years.

Asia Pacific to Present New Opportunities

Asia Pacific is increasingly becoming popular for the adoption of its electronic payment models. Countries, like India, Japan, China, and Australia are providing a stable ecosystem for the growth of mobile payment market. In India, the recent demonetization act has brought widespread awareness about other modes of payment other than cash (which is a major medium of the transaction all over the Asia Pacific). According to Visa, Inc., the company has issued more than 200MM debit cards in 2017 in India. The company also reveals that contactless payment method and QR transactions make more than 25% of the transactions processed by Visa in India.

On the other hand, countries like Australia are evolving to be the giants of the mobile payment market. According to Visa, Inc., 79% of the transactions carried out in the country are carried out through electronic medium leaving only a 21% transactions to take place in cash. The company also suggests that there are more than USD 100 billion cash displacement opportunities in the country. Along with these trends, the increasing investments in e-commerce industry of Asia Pacific region coupled with the Tokyo Olympics 2020 scenario are expected to boost the mobile payment market in the region in the next four years.

Key Developments in the Market

- February 2018 - Visa Inc., has announced that fourteen technology partners have joined its Visa Ready for Transit programme, as part of the company’s strategy to promote contactless payments on public transport around the world. Companies from ten different countries are included on the list, along with Vix and Worldline, the initial members of the scheme when it was launched in November 2017

The major players include - VODAFONE GROUP PLC., GEMALTO N.V (THALES GROUP), FIS GLOBAL, GOOGLE, INC., BHARTI AIRTEL LIMITED, MASTERCARD INCORPORATED, ORANGE S.A., and MONITISE PLC., among others.

Global Mobile Payments Market Segmentation by Types, By Applications and by Region:

Global Mobile Payments market is analyses and market size information is provided by regions (countries). Segment by Application, the Mobile Payments market is segmented into United States, Europe, China, Japan, Southeast Asia, India and Rest of World. The report includes region-wise market size for the period 2021-2023. It also includes market size and forecast by players, by Type, and by Application segment in terms of sales and revenue for the period 2021-2023.

Enquire before purchasing this report - https://www.researchreportsworld.com/enquiry/pre-order-enquiry/13103401

Mobile Payments Market Segment by Region:

Reasons to Purchase this Report:

Purchase this report (Price 4250 USD for single user license) - https://www.researchreportsworld.com/purchase/13103401

Major Points from Table of Contents:

1. Introduction

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Research Methodology

1.4 Key Findings

2. Executive Summary

3. Market Overview

3.1 Overview

3.2 Value Chain Analysis

3.3 Industry Attractiveness - Porter'S Five Forces

3.3.1 Bargaining Power Of Suppliers

3.3.2 Bargaining Power Of Consumers

3.3.3 Threat Of New Entrants

3.3.4 Threa Of Substitute Product

3.3.5 Competitive Rivalry Within The Industry

4. Market Dynamics

4.1 Drivers

4.1.1 Exponential Growth of Ecommerce

4.1.2 Increasing Number of Loyalty Benefits in Mobile Environment

4.2 Restraints

4.2.1 Security and Authentication Issues

4.3 Opportunities

4.3.1 Increasing Demand From Asia Pacific

4.3.2 Personalized Marketing

5. Global Mobile Payment Market Segmentation

5.1 By Type

5.1.1 Proximity Payment

5.1.1.1 Near Field communication (NFC)

5.1.1.2 Smart Cards

5.1.1.3 QR Code

5.1.2 Remote Payments

5.1.2.1 SMS

5.1.2.2 USSD/STK

5.1.2.3 Mobile Wallet

5.1.2.4 WAP

5.1.2.5 Virtual Prepaid Cards

5.1.2.6 Others

5.1.3 Mobile Point of Sale (mPOS)

5.2 By End-user

5.2.1 Banking and Financial Services

5.2.2 IT and Telecommunications

5.2.3 Retail

5.2.4 Life Sciences (Healthcare)

5.2.5 Government Services

5.2.6 Media and Entertainment

5.2.7 Travel and Hospitality

5.2.8 Transportation and Logistics

5.2.9 Others

5.3 By Region

5.3.1 North America

5.3.1.1 US

5.3.1.2 Canada

5.3.2 Europe

5.3.2.1 UK

5.3.2.2 France

5.3.2.3 Germany

5.3.2.4 Russia

5.3.2.5 Italy

5.3.2.6 Spain

5.3.2.7 Rest of Europe

5.3.3 Asia-Pacific

5.3.3.1 China

5.3.3.2 India

5.3.3.3 Japan

5.3.3.4 South Korea

5.3.3.5 Rest of Asia-Pacific

5.3.4 Latin America

5.3.4.1 Argentina

5.3.4.2 Brazil

5.3.4.3 Mexico

5.3.4.4 Rest of Latin America

5.3.5 Middle East and Africa

5.3.5.1 UAE

5.3.5.2 Saudi Arabia

5.3.5.3 South Africa

5.3.5.4 Rest of Middle East and Africa

6. Company Profiles

6.1 Vodafone Group Plc

6.2 Gemalto N.V (Thales Group)

6.3 FIS Global

6.4 Google, Inc.

6.5 Bharti Airtel Limited

6.6 Mastercard Incorporated

6.7 Orange S.A.

6.8 Monitise Plc

6.9 Mahindra Comviva

6.10 Paypal (Ebay, Inc.)

6.11 Eserve Global

6.12 Cachet Financial Solutions

6.13 Moremagic Solutions

6.14 Visa, Inc.

*List is Not Exhaustive

7. Investment Analysis

8. Future of Global Mobile Payment Market Market

. . . Continued

Browse complete table of contents at - https://www.researchreportsworld.com/TOC/13103401

About Us:

Research Reports World is the credible source for gaining the market reports that will provide you with the lead your business needs. At Research Reports World, our objective is providing a platform for many top-notch market research firms worldwide to publish their research reports, as well as helping the decision makers in finding most suitable market research solutions under one roof. Our aim is to provide the best solution that matches the exact customer requirements. This drives us to provide you with custom or syndicated research reports.

Contact Us:

Name: Ajay More

Email: sales@researchreportsworld.com

Phone: US +1424 253 0807/ UK +44 203 239 8187

Our Other Reports:

Global Household Dehumidifiers Market | Expected to Reach USD 1731.1 Million | Growing at CAGR of 1.9% | Forecast Period 2021-2027

Global Solvent Market | Value and Size Expected to Reach USD 44230 Million | Growing at CAGR of 2.7% | Forecast Period 2021-2027

Global Transmission Fluids Market Size and Value to Reach USD 7732 Million | Growing at CAGR of 2.3% | Forecast Period 2021-2027

Global Chlorinated Paraffin Market | Expected to Reach USD 3045.9 Million | Growing at CAGR of 1.1% | Forecast Period 2021-2027

Global Electric Heater Market Size and Value to Reach USD 13490 Million | Growing at CAGR of 4.5% | Forecast Period 2021-2027

Press Release Distributed by The Express Wire

To view the original version on The Express Wire visit Mobile Payments Market 2021 Global Industry Size, Recent Trends, Demand and Share Estimation by 2023 with Top Players

COMTEX_390217280/2598/2021-07-21T23:47:12

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

Link to MarketWatch's Slice.