United States Mobile Payments Market Forecast, 2016-2025: Merchants Grow as Mobile Goes Mainstream - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 22, 2018--The “U.S. Mobile Payments Market Forecast, 2016-2025: Merchants Grow as Mobile Goes Mainstream” report has been added to ResearchAndMarkets.com’s offering.
This new report discusses the developing segments of the mobile pay landscape and how consumer behavior is impacting various players. Additionally, the report presents the mobile payments market data forecast.
Mobile apps with integrated payment features are now mainstream ways for consumers to shop, order and pay for almost any product or service. The emergence of mobile significantly impacts the value chain of payments from merchant acquirers to card networks/issuers to merchants. Consumers are in the driver’s seat related to deciding when, where, and how to buy from merchants. Lifestyle commerce reflects people on the go, making quick and frequent stops, for coffee or a snack as well as for the convenience of ordering meals for takeout or delivery. Mobile payment apps fit this buying model perfectly, and we should expect more vertical retail markets to meet these trending consumer patterns, commented the author of this report.
Report HighlightsDigital shopping and mobile payments dynamics Opportunities and challenges impacting mobile payments U.S. mobile payment ecosystem Mobile payment market data forecast Vertical market mobile pay growth prospects
While it is said that a rising tide lifts all boats, this is not the case in the U.S. mobile payments market. It’s true, though, that smartphones are now ubiquitous among consumers, young and old alike. And e-commerce has become a major sales channel across retail vertical markets. Mobile devices have increasingly become the online link for many consumers. Mobile apps have saturated smartphones and become a lifestyle commerce driver used to shop, order, and pay for almost any product or service.
The convergence of e-commerce growth and smartphone penetration and market maturity would seem to indicate that all mobile payment providers are enjoying the same amount of adoption and frequency of use. But in the last year or so, we have begun to see a divergence in consumer mobile payment use.
Specifically, the universal wallets of Apple, Google, and Samsung are experiencing sluggish growth, and sometimes not even that. However, prominent merchant and retail brands are showing strength and even some signs of winning the race for the most use of mobile payments by consumers. Many factors are contributing to these changes. This report delves into the reasons and the future implications for major stakeholders.
Key Topics Covered:
Executive SummaryIntroductionDigital Shopping and Mobile Payments Are Now MainstreamMarket Conditions Enable Mobile PaymentsObstacles Preventing Widespread Adoption of Mobile PayThe US Mobile Pay Ecosystem Takes Shape Universal Mobile Wallets Are Losing Momentum Merchant Mobile Apps Find Winning Ways Banks, Networks, and E-Commerce Platforms Join the Competition US Mobile Pay Market ForecastConsumer Preferences for Mobile Payments Are Mixed and EvolvingLifestyle Commerce Drives Mobile App UseFuture Mobile Pay App Growth Opportunities for MerchantsConclusionsReferences
Companies MentionedAlipay Amazon Apple Best Buy CardFree Citi CVS Health Facebook Google Grubhub JP Morgan Chase Kohl’s LevelUp Mastercard PayPal Samsung Shell Starbucks Target Visa Walmart WeChat
For more information about this report visit https://www.researchandmarkets.com/research/bswwp2/united_states?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181122005352/en/
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Related Topics:M-Commerce,Mobile and Contactless Payments
KEYWORD: UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 11/22/2018 01:01 PM/DISC: 11/22/2018 01:01 PM