Mobile Payment Market 2021 (COVID-19 UPDATE) Future Challenges, Growth Statistics and Forecast to 2031

There have been various mobile applications created by various software developers to ensure the safety of one’s money which also reduces the need to carry extra cash.

These mobile payments can be recharged as required or it can be directly linked with bank accounts which further reduce the need of recharging.Global Mobile Payment Market report is segmented on the basis of mode of transaction, type of mobile payment, application and by regional.

Based upon mode of transaction, the mobile payment market is fragmented into Short Message Service (SMS), Near-field Communication (NFC), and Wireless Application Protocol (WAP).

The regional bifurcation of countries includes North America, Europe, Asia-Pacific, and RoW which are further segmented into major countries such as U.S., UK, France, and others.The mobile payments market is mainly driven by the constant rising demand of smartphone along with fast developing mobile applications.

On the other hand, constant update of existing mobile payment application accompanied by the high penetration rate of internet services along with the launch of new mobile payment application with user friendly interface & developed security.

Moreover, growth in consumer awareness along with high end services as well as constant updates to enhance the user experience is expected to contribute the market growth.The major market players profiled in the mobile payment market includes Orange S.A., Bharti Airtel Limited, Vodacom Group Limited, Safaricom Limited, Econet Wireless Zimbabwe Limited, Millicom International Cellular SA, MasterCard Incorporated, PayPal Holdings, Inc., MTN Group Limited, and Mahindra Comviva among others.About Us:Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share.

OverviewThe Mobile Payment Technologies Market is anticipated to grow by US$87-88 billion by 2023 rapidly growing at a CAGR of 16-17% during the forecast period 2018 to 2023.

The global mobile payment technologies market is driven by increasing adoption rate of smartphones and internet on mobile and dynamic consumer market.

These factors have helped shape the mobile payment technologies market and are expected to boost the growth.

Analysts studying the mobile payment technologies market have also shared growth projections in the report and have suggested mobile payment technologies market players to plan business strategies accordingly.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/7367Market SegmentationThe global mobile payment technologies market has been segmented based on vertical, solutions, and deployment.

Additionally, the market on the basis of solutions, is segmented into QR Code, POS, NFC, Mobile Wallet, Mobile Banking, Internet Payment.

The performance of the mobile payment technologies market has also been studied for the past and current years.

January 30, 2019: This report focuses on the global Mobile Payment Technology status, future forecast, growth opportunity, key market and key players.

The study objectives are to present the Mobile Payment Technology development in United States, Europe and China.In 2017, the global Mobile Payment Technology market size was  million US$ and it is expected to reach  million US$ by the end of 2025, with a CAGR of  during 2018-2025.The key players covered in this studyPayPalBoku, IncFortumoDownload sample Copy of This Report at: https://www.radiantinsights.com/research/global-mobile-payment-technology-market-size-status-and-forecast-2018-2025/request-sample AT & TVodafone LtdBharti Airtel LtdGoogleAppleMicrosoft CorporationMarket segment by Type, the product can be split intoProximity PaymentNear field Communication (NFC)QR Code PaymentRead Complete Report with TOC @ https://www.radiantinsights.com/research/global-mobile-payment-technology-market-size-status-and-forecast-2018-2025 Remote PaymentSMS-basedUSSD/STKDirect Operator Billing (Credit/debit card-based)Digital WalletMarket segment by Application, split intoRetailHospitality & TourismBFSIMedia & EntertainmentOthersMarket segment by Regions/Countries, this report coversUnited StatesEuropeChinaJapanSoutheast AsiaIndiaCentral & South AmericaThe study objectives of this report are:To analyze global Mobile Payment Technology status, future forecast, growth opportunity, key market and key players.To present the Mobile Payment Technology development in United States, Europe and China.To strategically profile the key players and comprehensively analyze their development plan and strategies.To define, describe and forecast the market by product type, market and key regions.In this study, the years considered to estimate the market size of Mobile Payment Technology are as follows:History Year: 2013-2017Base Year: 2017Estimated Year: 2018Forecast Year 2018 to 2025About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.

We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process.

We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets.

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According to IMARC Group’s latest report, titled “Mobile Payment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global mobile payments market reached a value of US$ 1.43 Billion in 2020.

These payments are facilitated by mobile applications that are directly linked to the financial credentials of individuals.

The use of these solutions ensures enhanced safety while making a payment due to the improved data security offered by these e-payment solutions.

Consequently, it finds extensive applications across the retail, food, e-commerce and entertainment sectors.Request for a PDF sample of this report: https://www.imarcgroup.com/mobile-payment-market/requestsampleThe market is majorly driven by the widespread penetration of smartphones and continual improvements in the network infrastructure.

Some of the other factors contributing to the market growth include the widespread preference for contactless payment methods among the masses and the numerous initiatives undertaken by governing bodies to promote digital payments.

As per the estimates by IMARC Group, the market is anticipated to witness strong growth during the forecast period (2021-2026).As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.Competitive Landscape with Key Players:FISGemaltoMasterCardPayPalAlipayVisaAppleGoogleSamsung ElectronicsBharti AirtelAmerican ExpressBank of AmericaCitrus Payment SolutionsLevelUpMobiKwikOne97 CommunicationOrangeOxigenSquareVenmoZipCash Card ServicesMarket Segmentation:Breakup by Mode of Transaction:WAP (Wireless Application Protocol)NFC (Near field communications)SMS (Short Message Service)USSD (Unstructured Supplementary Service Data)OthersBreakup by Application:EntertainmentEnergy and UtilitiesHealthcareRetailHospitality and TransportationOthersBreakup by Region:Asia PacificNorth AmericaEuropeMiddle East and AfricaLatin AmericaAsk Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/mobile-payment-marketWe are updating our reports, If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc.

UpMarketResearch offers a latest published report on “Global Mobile Payment Technologies Market Industry Analysis and Forecast 2018-2025” delivering key insights and providing a competitive advantage to clients through a detailed report.

Get FREE Exclusive PDF Sample Copy of This Report @ https://www.upmarketresearch.com/home/requested_sample/23753Mobile Payment Technologies market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period.

It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis.

Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

The numerical data is backed up by statistical tools such as SWOT analysis, BCG matrix, SCOT analysis, PESTLE analysis and so on.

The report for The Mobile Payment Technologies Market Industry Analysis & Forecast 2018-2025 is segmented into Product Segment, Application Segment & Major players.Global Mobile Payment Technologies Market: Regional Segment AnalysisNorth AmericaEuropeChinaJapanRest APACLatin AmericaFor More Info, Please Visit @ https://www.upmarketresearch.com/home/enquiry_before_buying/23753The Major players reported in the market include:MasterCard InternationalVisaAmerican ExpressBokuFortumoPayPalBharti AirtelVodafoneMicrosoft CorporationGoogleAppleGlobal Mobile Payment Technologies Market: Product Segment AnalysisProximity PaymentsRemote PaymentsGlobal Mobile Payment Technologies Market: Application Segment AnalysisHospitalityTourism SectorEntertainmentRetail SectorHealth Care SectorEducationOthersTo Buy This Report Click @ https://www.upmarketresearch.com/buy/mobile-payment-technologies-market“Mobile Payment Technologies Market Industry Analysis and Forecast 2018-2025” report helps the clients to take business decisions and to understand strategies of major players in the industry.

The global mobile payment market was valued USD 1.5 trillion in 2020 and it anticipated to reach USD 18.9 trillion in 2030, with 28.60% CAGR in forecast period.

Electronic devices & semiconductors are critical technological enablers that power a large number of today's cutting-edge digital gadgets.

Mobile devices, communications equipment, information technology, office automation (IT & OA), industrial machinery, cars, and a variety of other end-use sectors all have computer applications in some form or another, necessitating increased need for semiconductors.Emerging technologies like as autonomous driving, artificial intelligence (AI), 5G, and the Internet of Things, together with steady R expenditure and rivalry among important companies, are expected to propel the global semiconductor industry forwards far into the next decade.With the Covid-19 epidemic driving increased demand for electronic gadgets, the world's electronics and semiconductor industries predict a bright future.Market Dynamics and Factors:The use of safety-related electronics technologies in the automobile industry has exploded.

A spike in demand for different semiconductor devices in automobiles, such as microcontrollers (MCUs), sensors, and memory, would help automotive semiconductor providers.

The major driver of semiconductor growth in consumer electronics will be head-mounted displays.

Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

You need an app concept, but let’s assume you have it already.

Mobile commerce will total $142 billion in revenues by the end of 2016 according to Forrester forecasts.

The average order value for tablet purchases is $98.07 and $81.27 for mobile purchases.

Set up card distinguishing by the first four numbers.

Others feel reluctant, especially after the recent series of major data breaches.

However, as long as you are selling physical products or subscription plans for your software, then you can choose any payment gateway integration that suits your business needs most (and avoid the 30% payment cut Apple and Google takes from every app purchase made).

The Global Mobile Payment Market size valued to USD 1,409.50 billion in 2019, and is predicted to garner USD 17,706.10 billion by 2030, with a growing CAGR of 25.8% from 2020-2030.Mobile Payment refers to the payment for goods and services performed by the means of mobile or smart phones.

Rapid digitization and technological advancements have led to development of various mobile applications and payment gateways, making the traditional payment process absolutely hassle-free.Access Full Description of this report at:-https://www.nextmsc.com/report/mobile-payment-marketTop Companies: Orange S.A., Bharti Airtel Limited, Vodacom Group Limited, Safaricom Limited, Econet Wireless Zimbabwe Limited, Millicom International Cellular SA, MasterCard Incorporated, PayPal Holdings, Inc., MTN Group Limited and others.The global mobile payment market share analysis is based on mode of transaction, type of mobile payment, application, and geography.

Based on mode of transaction, the mobile payment market is segmented into Short Message Service (SMS), Near-field Communication (NFC), and Wireless Application Protocol (WAP).

Based on type of mobile payment, the market is divided into Mobile Wallet/Bank Cards and Mobile Money.

Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.Request sample copy of this report at:-https://www.nextmsc.com/mobile-payment-market/request-sampleNorth America represents a developed market, accounting for the highest market share; hence dominating the global mobile payment market throughout the forecast period.

Moreover, increase in internet penetration, higher use of smart phone, growing number of M-commerce industries coupled and increased inclination towards mobile wallets are expected to further augment the market growth.About Next Move Strategy Consulting:Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share.

ReportCrux Market Research has published a new report titled " Mobile Payment Market by Payment Mode (Remote Payment, and Proximity Payment); by Technology (NFC, Digital Wallet, WAP & Card-Based, SMS-Based/DCB, Banking Based App, QR Code, and Others); by Application (BFSI, Entertainment, Energy & Utilities, IT & Telecom, Retail, Healthcare, Hospitality & Tourism, and Others); and by Region: Global Industry Trends, Dynamics, Competitive Insights and Forecast Analysis, 2020 – 2027”.Mobile Payment MarketMobile Payment market is estimated to grow from USD 827.6 Billion in 2019 to USD 8,724.2 Billion by 2027, at a CAGR of 34.2% during 2020-2027Market OverviewMobile payments apply to purchases or transactions made using a mobile device by regulatory bodies under financial supervision.

This service removes conventional alternatives such as cheque and cash, credit cards thus offering end users a high degree of ease.Smart phones have become an important commodity to all individuals with the increasingly growing global economy.

As a result, organizations and regulatory bodies have earned favorable initiatives as it is especially useful in regions with low bank penetration.The growth in demand for simple and trouble-free transactions of goods and services is contributing to the growing consumer preference for digital and cashless payments.

Several global players have introduced new strategies, such as Apple and Samsung, to extend their scope and gain a greater share in the global mobile payment industry.Worldwide stores and utilities are rapidly embracing and incorporating mobile payment apps such as Apple Pay, Samsung Pay, AliPay, PayPal, Amazon Pay, GPay, and WeChat Pay to accept payments.

This pattern is expected to continue for several years to come due to regular trade, changing lifestyle, and rapid growth in online retailing.However, it is anticipated that security issues among users will limit the market.

In addition, failure of configured mobile device with financial data is a serious concern in the mobile payments market.Key Player analysisMajor players in mobile payment market are• Vodacom Group Limited (South Africa) • MTN Group Limited (South Africa) • Econet Wireless Zimbabwe Limited (Zimbabwe) • Safaricom Limited (Kenya) • Orange S.A. (France) • Mahindra Comviva (India) • PayPal Holdings, Inc. (U.S.) • Millicom International Cellular S.A. (Luxembourg) • Bharti Airtel Limited (India) • MasterCard Incorporated (U.S.)Segmentation AnalysisThe global market for the mobile payment is segmented into payment mode, technology, application, and region.By Payment ModeBased on payment mode, the market is segmented into remote payment, and proximity payment.

Global Mobile Payment Technologies Market Research Report 2020 is latest research study released by AMA evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support.

These modes of transaction use multiple payment methods that include proximity and remote payment.

Early on, payment was sent by text message, later the advancement in technology allowed for the picture of the check to be taken and it eventually morphed into mobile check deposit capabilities for banking apps.

It’s vital you keep your market knowledge up to date segmented by Type (SMS Payment, QR Code Payment, NFC Payment, Bluetooth Technology Payment, Others), Application (Hospitality, Tourism Sector, Entertainment, Retail Sector, Health Care Sector, Education, Others), Mobile Payment Support (Credit Card, Prepaid Wallet), Mobile Payment (Proximity Payment (Quick Response (QR) Code, Mobile Wallets, Other), Remote Payment (Internet Payments, SMS Payments, Direct Carrier Billing, Other)), Payment Nature (P2P, P2B, B2P, B2B) and major players.

Mobile Payment TechnologiesMarket: Demand Analysis & Opportunity Outlook 2026 Mobile Payment Technologies research study is to define market sizes of various segments & countries by past years and to forecast the values by next 5 years.

The report is assembled to comprise each qualitative and quantitative elements of the industry facts including: market share, market size (value and volume 2015-2020, and forecast to 2026) which admire each countries concerned in the competitive examination.