Mobile Payment Technologies Market - Overview And Future Trends And Developments

Global mobile payment technologies market was valued at US$ 3.01 Bn in 2019 and is expected to reach US$ 34.69 Bn by 2027, at a CAGR of 35.74% during a forecast period.

To know about the Research Methodology :- Request Free Sample ReportThe objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology.

The report also helps in understanding mobile payment technologies market dynamics, structure by identifying and analyzing the market segments and project the global market size.

The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the mobile payment technologies market.The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.Mobile payment is a concept wherein a portable electronic device such as a tablet, smartphone, or cell phone is operated as a payment medium.

Government initiatives in supporting digital payments are projected to generate many opportunities in the mobile payment technology market.The retail sector is looking for mobile payment technologies to simplicity payment transactions.

The retail sector is also estimated to see exponential growth in the forecast period.Remote payment segment to increase rapidly during the forecast period due to the rising adoption of mobile wallets by consumers for payment purposes at the retailers or for e-commerce.

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).

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.

April 18, 2019: Mobile Wallet and Payment Technologies Report by Material, Application, and Geography - Global Forecast to 2023 is a professional and in-depth research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China).The report firstly introduced the Mobile Wallet and Payment Technologies basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on.

Then it analyzed the world's main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc.

In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.Download sample Copy of This Report at: https://www.radiantinsights.com/research/global-mobile-wallet-and-payment-technologies-market-research-report-2019/request-sample The report includes six parts, dealing with:1.)

Asia Mobile Wallet and Payment Technologies Market;3.)

North American Mobile Wallet and Payment Technologies Market;4.)

Market Entry and Investment Feasibility;6.)

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.

The Business Research Company’s Mobile Payment Technologies Market covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market.The Business Research Company published its Mobile Payment Technologies Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global mobile payment technologies market.

The report covers the mobile payment technologies market’s segments- point-of-sale (PoS), in-store payments, remote payments, retail & e-commerce, healthcare, BFSI, enterprise, near-field communication (NFC) payments, sound-wave based payments, magnetic secure transmission (MST) payments, mobile wallets, quick response (QR) code payments, internet payments, SMS payments, direct carrier billing, and mobile banking.Read Full Report @ https://www.thebusinessresearchcompany.com/report/mobile-payment-technologies-global-market-reportMobile Payment Technologies Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.

The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.

It also compares the market’s historic and forecast growth.

It covers all the regions, key developed countries and major emerging markets.

The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.Place A Sample Request of This Report At: https://www.thebusinessresearchcompany.com/sample.aspx?id=2523=smpThe integration of Internet of Things (IoT) with mobile payments is an emerging trend in the mobile payment technologies market.

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.