Home / Technology & Media / Mobile Payment Market By Technology (WAP/WEB-Based, SMS, USSD, NFC), By Application (Merchandise Purchase, Money Transfer, Ticketing, Bill Payment, Other Applications), By User Base (North America, Europe, Asia Pacific, Rest Of The World) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2023

Mobile Payment Market By Technology (WAP/WEB-Based, SMS, USSD, NFC), By Application (Merchandise Purchase, Money Transfer, Ticketing, Bill Payment, Other Applications), By User Base (North America, Europe, Asia Pacific, Rest Of The World) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2023

Published: Dec 2016 | Report Code: 58298-12-16

The global mobile payment market is anticipated to witness a CAGR of over 30% from 2016 to 2023. Financial institutions and banks are increasingly shifting towards financial technologies to enhance customer overall experience by offering mobile payment services. This, in turn, is increasing the uptake of mobile payment solutions and services across the globe. Also, rising mobile broadband penetration and proliferation of smartphones in developing regions such as Asia Pacific and Latin America supporting growth of the mobile payment market. However, threat associated with data privacy and security and lack of awareness financial organizations is expected to hamper growth of the market over the forecast period to some extent.

Mobile Payment Market

Report Scope

This report analyzes the global mobile payment market in terms of technology, application, and geography. The global mobile payment market has been bifurcated based on technology into WAP/WEB-based, SMS, unstructured supplementary service data (USSD), and near-field communication (NFC). By application, the global mobile payment market is segmented into merchandise purchase, money transfer, ticketing, bill payment, and other applications. The global mobile payment market covers major geographies such as North America, Europe, Asia Pacific, and Rest of World.

Mobile Payment Market

Major players operating in the global mobile payment market are following the strategy of entering strategic partnership to integrate advanced technologies into their offerings. Also, key players are concentrating on acquiring other players to enhance their existing solutions portfolio.

1.1    Report Description

Purpose of the Report

The purpose of this strategic research study titled “Global Mobile Payment Market - Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2023” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the global mobile payment market.

Target Audience

  • Industry Investors
  • Mobile Payment Service Providers
  • Mobile Payment Solution Providers

USP and Key Offerings

The report titled “Global Mobile Payment Market- Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2023” offers strategic insights into the global mobile payment market along with the market size and estimates for the duration 2014 to 2023. The said research study covers in-depth analysis of multiple market segments based on technology, application and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading mobile payment solution and service providers, their SCOT (Strength, Challenges, Opportunities, and Threats) analysis, market positioning, and key developments. Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the mobile payment market
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Ecosystem Analysis
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global mobile payment market, offering market size and estimates for the period from 2014 to 2023, keeping in mind the above mentioned factors.

1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted

2. Executive Summary
2.1. Mobile Payment Market Snapshot

3. Global Mobile Payment Market Analysis
3.1. Mobile Payment Market Overview
3.2. Market Inclination Insights
3.2.1. Recent Trends
3.2.2. Future Outlook
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Challenges
3.4. Competitive Landscape
3.4.1. Market Positioning of Key Industry Participants
3.4.2. Major Strategies Adopted
3.4.3. Analyst Recommendations

4. Global Mobile Payment Market Revenue, By Technology, 2014 – 2023 (US$ Mn)
4.1. Comparative Analysis
4.1.1. WAP/WEB-based
4.1.2. SMS
4.1.3. Unstructured Supplementary Service Data (USSD)
4.1.4. Near-field Communication (NFC)

5. Global Mobile Payment Market Revenue, By Application, 2014 – 2023 (US$ Mn)
5.1. Comparative Analysis
5.1.1. Merchandise Purchase
5.1.2. Money Transfer
5.1.3. Ticketing
5.1.4. Bill Payment
5.1.5. Other Applications

6. Global Mobile Payment Market Revenue, By Geography, 2014 – 2023 (US$ Mn)
6.1. Comparative Analysis
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Rest of World

7. Global Mobile Payment User Base, By Geography, 2014 – 2023 (Thousand)
7.1. Comparative Analysis
7.1.1. North America Mobile Payment User Base
7.1.2. Europe Mobile Payment User Base
7.1.3. Asia Pacific Mobile Payment User Base
7.1.4. Rest of World Mobile Payment User Base

8. North America Mobile Payment Market Analysis, 2014 – 2023 (US$ Mn)
8.1. North America Mobile Payment Market Revenue, By Technology, 2014 – 2023 (US$ Mn)
8.1.1. WAP/WEB-based
8.1.2. SMS
8.1.3. Unstructured Supplementary Service Data (USSD)
8.1.4. Near-field Communication (NFC)
8.2. North America Mobile Payment Market Revenue, By Application, 2014 – 2023 (US$ Mn)
8.2.1. Merchandise Purchase
8.2.2. Money Transfer
8.2.3. Ticketing
8.2.4. Bill Payment
8.2.5. Other Applications
8.3. North America Mobile Payment Market Revenue, By Country, 2014 – 2023 (US$ Mn)
8.3.1. U.S.
8.3.1.1. U.S. Mobile Payment Market Revenue, By Technology, 2014 – 2023 (US$ Mn)
8.3.1.2. U.S. Mobile Payment Market Revenue, By Application, 2014 – 2023 (US$ Mn)
8.3.2. Canada
8.3.2.1. Canada Mobile Payment Market Revenue, By Technology, 2014 – 2023 (US$ Mn)
8.3.2.2. Canada Mobile Payment Market Revenue, By Application, 2014 – 2023 (US$ Mn)

9. Europe Mobile Payment Market Analysis, 2014 – 2023 (US$ Mn)
9.1. Europe Mobile Payment Market Revenue, By Technology, 2014 – 2023 (US$ Mn)
9.1.1. WAP/WEB-based
9.1.2. SMS
9.1.3. Unstructured Supplementary Service Data (USSD)
9.1.4. Near-field Communication (NFC)
9.2. Europe Mobile Payment Market Revenue, By Application, 2014 – 2023 (US$ Mn)
9.2.1. Merchandise Purchase
9.2.2. Money Transfer
9.2.3. Ticketing
9.2.4. Bill Payment
9.2.5. Other Applications
9.3. Europe Mobile Payment Market Revenue, By Region, 2014 – 2023 (US$ Mn)
9.3.1. U.K.
9.3.1.1. U.K. Mobile Payment Market Revenue, By Technology, 2014 – 2023 (US$ Mn)
9.3.1.2. U.K. Mobile Payment Market Revenue, By Application, 2014 – 2023 (US$ Mn)
9.3.2. Germany
9.3.2.1. Germany Mobile Payment Market Revenue, By Technology, 2014 – 2023 (US$ Mn)
9.3.2.2. Germany Mobile Payment Market Revenue, By Application, 2014 – 2023 (US$ Mn)
9.3.3. France
9.3.3.1. France Mobile Payment Market Revenue, By Technology, 2014 – 2023 (US$ Mn)
9.3.3.2. France Mobile Payment Market Revenue, By Application, 2014 – 2023 (US$ Mn)
9.3.4. Rest of Europe
9.3.4.1. Rest of Europe Mobile Payment Market Revenue, By Technology, 2014 – 2023 (US$ Mn)
9.3.4.2. Rest of Europe Mobile Payment Market Revenue, By Application, 2014 – 2023 (US$ Mn)

10. Asia Pacific Mobile Payment Market Analysis, 2014 – 2023 (US$ Mn)
10.1. Asia Pacific Mobile Payment Market Revenue, By Technology, 2014 – 2023 (US$ Mn)
10.1.1. WAP/WEB-based
10.1.2. SMS
10.1.3. Unstructured Supplementary Service Data (USSD)
10.1.4. Near-field Communication (NFC)
10.2. Asia Pacific Mobile Payment Market Revenue, By Application, 2014 – 2023 (US$ Mn)
10.2.1. Merchandise Purchase
10.2.2. Money Transfer
10.2.3. Ticketing
10.2.4. Bill Payment
10.2.5. Other Applications
10.3. Asia Pacific Mobile Payment Market Revenue, By Country, 2014 – 2023 (US$ Mn)
10.3.1. Japan
10.3.1.1. Japan Mobile Payment Market Revenue, By Technology, 2014 – 2023 (US$ Mn)
10.3.1.2. Japan Mobile Payment Market Revenue, By Application, 2014 – 2023 (US$ Mn)
10.3.2. China
10.3.2.1. China Mobile Payment Market Revenue, By Technology, 2014 – 2023 (US$ Mn)
10.3.2.2. China Mobile Payment Market Revenue, By Application, 2014 – 2023 (US$ Mn)
10.3.3. India
10.3.3.1. India Mobile Payment Market Revenue, By Technology, 2014 – 2023 (US$ Mn)
10.3.3.2. India Mobile Payment Market Revenue, By Application, 2014 – 2023 (US$ Mn)
10.3.4. Rest of Asia Pacific
10.3.4.1. Rest of Asia Pacific Mobile Payment Market Revenue, By Technology, 2014 – 2023 (US$ Mn)
10.3.4.2. Rest of Asia Pacific Mobile Payment Market Revenue, By Application, 2014 – 2023 (US$ Mn)

11. Rest of World Mobile Payment Market Analysis, 2014 – 2023 (US$ Mn)
11.1. Rest of World Mobile Payment Market Revenue, By Technology, 2014 – 2023 (US$ Mn)
11.1.1. WAP/WEB-based
11.1.2. SMS
11.1.3. Unstructured Supplementary Service Data (USSD)
11.1.4. Near-field Communication (NFC)
11.2. Rest of the World Mobile Payment Market Revenue, By Application, 2014 – 2023 (US$ Mn)
11.2.1. Merchandise Purchase
11.2.2. Money Transfer
11.2.3. Ticketing
11.2.4. Bill Payment
11.2.5. Other Applications
11.3. Rest of World Mobile Payment Market Revenue, By Region, 2014 – 2023 (US$ Mn)
11.3.1. Latin America
11.3.1.1. Latin America Mobile Payment Market Revenue, By Technology, 2014 – 2023 (US$ Mn)
11.3.1.2. Latin America Mobile Payment Market Revenue, By Application, 2014 – 2023 (US$ Mn)
11.3.2. Middle-East and Africa
11.3.2.1. Middle-East and Africa Mobile Payment Market Revenue, By Technology, 2014 – 2023 (US$ Mn)
11.3.2.2. Middle-East and Africa Mobile Payment Market Revenue, By Application, 2014 – 2023 (US$ Mn)

12. Company Profiles
12.1. MasterCard Inc.
12.2. Google Inc.
12.3. Apple Inc.
12.4. LevelUp
12.5. Skrill Limited
12.6. Paypal Inc.
12.7. Visa Inc.
12.8. WorldPay
12.9. Samsung Electronics Co. Ltd.
12.10. TIO Networks Corp.

List Of Table :

TABLE 1 Market Snapshot: Global Mobile Payment Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 North America Mobile Payment Market Revenue, By Technology, 2014 - 2023 (US$ Mn)
TABLE 5 North America Mobile Payment Market Revenue, By Application, 2014 - 2023 (US$ Mn)
TABLE 6 U.S. Mobile Payment Market Revenue, By Technology, 2014 - 2023 (US$ Mn)
TABLE 7 U.S. Mobile Payment Market Revenue, By Application, 2014 - 2023 (US$ Mn)
TABLE 8 Canada Mobile Payment Market Revenue, By Technology, 2014 - 2023 (US$ Mn)
TABLE 9 Canada Mobile Payment Market Revenue, By Application, 2014 - 2023 (US$ Mn)
TABLE 10 Europe Mobile Payment Market Revenue, By Technology, 2014 - 2023 (US$ Mn)
TABLE 11 Europe Mobile Payment Market Revenue, By Application, 2014 - 2023 (US$Mn)
TABLE 12 United Kingdom Mobile Payment Market Revenue, By Technology, 2014 - 2023 (US$ Mn)
TABLE 13 United Kingdom. Mobile Payment Market Revenue, By Application, 2014 - 2023 (US$ Mn)
TABLE 14 France Mobile Payment Market Revenue, By Technology, 2014 - 2023 (US$ Mn)
TABLE 15 France Mobile Payment Market Revenue, By Application, 2014 - 2023 (US$ Mn)
TABLE 16 Germany Mobile Payment Market Revenue, By Technology, 2014 - 2023 (US$ Mn)
TABLE 17 Germany Mobile Payment Market Revenue, By Application, 2014 - 2023 (USMn)
TABLE 18 Rest of Europe Mobile Payment Market Revenue, By Technology, 2014 - 2023 (US$ Mn)
TABLE 19 Rest of Europe Mobile Payment Market Revenue, By Application, 2014 - 2023 (US$ Mn)
TABLE 20 Asia Pacific Mobile Payment Market Revenue, By Technology, 2014 - 2023 (US$ Mn)
TABLE 21 Asia Pacific Mobile Payment Market Revenue, By Application, 2014 - 2023 (US$Mn)
TABLE 22 Japan Mobile Payment Market Revenue, By Technology, 2014 - 2023 (US$ Mn)
TABLE 23 Japan Mobile Payment Market Revenue, By Application, 2014 - 2023 (US$ Mn)
TABLE 24 China Mobile Payment Market Revenue, By Technology, 2014 - 2023 (US$ Mn)
TABLE 25 China Mobile Payment Market Revenue, By Application, 2014 - 2023 (US$ Mn)
TABLE 26 India Mobile Payment Market Revenue, By Technology, 2014 - 2023 (US$ Mn)
TABLE 27 India Mobile Payment Market Revenue, By Application, 2014 - 2023 (USMn)
TABLE 28 Rest of Asia Pacific Mobile Payment Market Revenue, By Technology, 2014 - 2023 (US$ Mn)
TABLE 29 Rest of Asia Pacific Mobile Payment Market Revenue, By Application, 2014 - 2023 (US$ Mn)
TABLE 30 Rest of the World Mobile Payment Market Revenue, By Technology, 2014 - 2023 (US$ Mn)
TABLE 31 Rest of the World Mobile Payment Market Revenue, By Application, 2014 - 2023 (US$Mn)
TABLE 32 Latin America Mobile Payment Market Revenue, By Technology, 2014 - 2023 (US$ Mn)
TABLE 33 Latin America Mobile Payment Market Revenue, By Application, 2014 - 2023 (US$ Mn)
TABLE 34 Middle East & Africa Mobile Payment Market Revenue, By Technology, 2014 - 2023 (US$ Mn)
TABLE 35 Middle East & Africa Mobile Payment Market Revenue, By Application, 2014 - 2023 (US$ Mn)

List Of Figure :

FIG. 1 Global Mobile Payment: Market Segmentation
FIG. 2 Global Mobile Payment Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global Mobile Payment Market, By Technology, 2015 (US$ Mn)
FIG. 6 Global Mobile Payment Market, By Application, 2015 (US$ Mn)
FIG. 7 Global Mobile Payment Market Share, By Geography, 2015
FIG. 8 Global Mobile Payment Market Revenue and Growth, 2014 - 2023, (US$ Mn and % Y-o-Y)
FIG. 9 Value Chain Analysis: Global Mobile Payment Industry
FIG. 10 Market Positioning of Key Industry Participants, 2015
FIG. 11 Global Mobile Payment Market Revenue Contribution, By Technology, 2015 &22023 (Value %)
FIG. 12 Global Mobile Payment Market Revenue and Growth for WAP/WEB-based, 2014 - 2023, (US$ Mn)
FIG. 13 Global Mobile Payment Market Revenue and Growth for SMS, 2014 - 2023, (US$ Mn)
FIG. 15 Global Mobile Payment Market Revenue and Growth for USSD, 2014 - 2023, (US$ Mn)
FIG. 16 Global Mobile Payment Market Revenue and Growth for NFC, 2014 - 2023, (US$ Mn)
FIG. 17 Global Mobile Payment Market Revenue Contribution, By Application, 2015 & 2023 (Value %)
FIG. 18 Global Mobile Payment Market Revenue and Growth for Merchandise Purchase, 2014 - 2023, (US$ Mn)
FIG. 19 Global Mobile Payment Market Revenue and Growth for Money Transfer, 2014 - 2023, (US$ Mn)
FIG. 20 Global Mobile Payment Market Revenue and Growth for Ticketing, 2014 - 2023, (US$ Mn)
FIG. 21 Global Mobile Payment Market Revenue and Growth for Bill Payment, 2014 - 2023, (US$ Mn)
FIG. 22 Global Mobile Payment Market Revenue and Growth for Other Applications, 2014 - 2023, (US$ Mn)
FIG. 23 North America Mobile Payment Market Revenue and Growth, 2014 - 2023, (US$ Mn) (Y-o-Y %)
FIG. 24 Europe Mobile Payment Market Revenue and Growth, 2014 - 2023, (US$ Mn) (Y-o-Y %)
FIG. 25 Asia Pacific Mobile Payment Market Revenue and Growth, 2014 - 2023, (US$ Mn) (Y-o-Y %)
FIG. 26 RoW Mobile Payment Market Revenue and Growth, 2014– 2023, (US$ Mn) (Y-o-Y %)
FIG. 27 North America Mobile Payment User Base, 2014 - 2023, (Thousand)
FIG. 28 Europe Mobile Payment User Base, 2014 - 2023, (Thousand)
FIG. 29 Asia Pacific Mobile Payment User Base, 2014 - 2023, (Thousand)
FIG. 30 RoW Mobile Payment User Base, 2014– 2023, (Thousand)

On the basis of application, the global mobile payment market is categorized into following segments:

  • Merchandise Purchase
  • Money Transfer
  • Ticketing
  • Bill Payment
  • Other Applications

Their contribution to the global mobile payment market in 2015 and 2023 is as shown in the figure below.

Mobile Payment Market

Among application segments, money transfer segment is projected to hold a major chunk of overall mobile payment market revenue share over the forecast period. In 2015, the segment accounted for over 35% of the overall market share. Increasing introduction of mobile banking and money transfer apps by banks and financial institutions is boosting the segment growth. However, the merchandise purchase is expected to emerge as a one of the fastest growing segment due to increasing e-commerce activities across the globe.

On the basis of technology, the global enterprise asset management market is categorized into following sub-segments:

  • WAP/WEB-based
  • SMS
  • Unstructured Supplementary Service Data (USSD)
  • Near-field Communication (NFC)

The contribution of aforementioned solution sub-segments to the global mobile payment market in 2015 and 2023 is as shown in the figure below

Mobile Payment Market

SMS was the largest segment and valued at US$ XX Mn in 2014. The segment is expected to grow at a CAGR of XX% from 2016 to 2023. Ubiquity of SMS makes it a popular and preferred access technology among end-users. However, the NFC segment is projected to expand at a fastest CAGR of XX% over the forecast period. Increasing deployment of NFC technology by banks and financial institutions to offer secure and convenient mobile payment service to client is boosting growth of the segment.

On the basis of geography, the global mobile payment market is segmented into following regions and countries.

  • North America
    • U.S.
    • Canada
  • Europe
    • United Kingdom
    • France
    • Germany
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Rest of Asia Pacific
  • Rest of the World
    • Latin America
    • Middle East and Africa

The contribution of these regions (North America, Europe, Asia Pacific, and RoW) to the global mobile payment market in 2015 and 2023 is as shown in the figure below

Mobile Payment Market

By the end of 2023, Asia Pacific is projected to emerge as an attractive regional market for mobile payment solutions and service providers. Increasing number of mobile payment transactions supplemented by proliferation of smartphones in the region is fueling growth of the market. The mobile payment market in Latin America is anticipated to expand at the highest CAGR of over 40% during the forecast period, from 2016 to 2023. Introduction of favorable government initiative and support to introduce mobile payment programs is increasing the uptake of mobile payment technologies in the region.

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