Global Mobile Payments Market by Type, End-user Industry and Region - Forecast to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 17, 2018--The “Global Mobile Payments Market - Segmented by Type (Proximity Payment, Remote Payment), End-user Industry, and Region - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The transaction value of the Mobile Payments Market was about USD 718.49 billion in 2017, and is expected to reach a transaction value of about USD 2,732.89 billion by 2023, recording a CAGR of 24.5%, over the forecast period of 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.
Key HighlightsExponential Growth in E-commerce to Drive the Mobile Payments Market Asia Pacific to Present New Opportunities in Mobile Payments Market
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
5. Segmentation By Type
6. Segmentation By End-user
7. Segmentation By Region
8. Mobile Payments Market Companies
9. Investment Analysis
10. Future of the Market
Companies ProfiledGoogle LLC Samsung Group Amazon.com Inc. Apple Inc. PayPal Inc. MasterCard PLC Visa Inc. American Express Co. Mahindra ComViva Orange S.A. Tencent Holdings Ltd. Alipay.com Co. Ltd. eServGlobal Ltd. Square Inc.
For more information about this report visit https://www.researchandmarkets.com/research/vqfl68/global_mobile?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181217005590/en/
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Related Topics:M-Commerce,Mobile and Contactless Payments
INDUSTRY KEYWORD: TECHNOLOGY MOBILE/WIRELESS PROFESSIONAL SERVICES BANKING
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 12/17/2018 12:01 PM/DISC: 12/17/2018 12:01 PM