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Master Recharge API Market By Service (Data Card, DTH, Electricity, Insurance, Postpaid Mobile Recharge, Prepaid Mobile Recharge, Others) – Growth, Future Prospects, And Competitive Analysis, 2019 – 2027

Summary
Table Of Content

Market Synopsis

The Increasing Adoption of Online Payment Solutions is Driving the Growth of the Master Recharge API Market

Globally, the master recharge API market is expected to grow with a CAGR of 4.8% during the forecast period from 2019 to 2027, starting from US$ 10.82 bn in 2018. The market is driven by the increasing adoption of online Payment and mobile payment solutions across the globe. As information availability increases and the customers become empowered, the financial institutes are leveraging the online banking channels to meet the customers on their choice of channels. This is augmenting the demand for the master recharge API solution across the industry verticals.

The increasing adoption of smartphones and tablets across the globe further accelerates the adoption of the master recharge API services. Furthermore, the increasing adoption of the online payment solution across the retail sector is augmenting the demand for the master recharge API. However, the data safety and security issues associated with using online payment solutions are inhibiting the market’s growth. Moreover, the absence of a clear regulatory framework is restricting market growth.

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Prepaid Mobile Recharge Service is Estimated to Grow Significantly During the Forecast Period

The master recharge API market is segmented into data card, DTH, prepaid recharge, electricity, insurance, and others. Prepaid recharge accounted for more than 30% of the master recharge API revenue in 2018. The market growth is attributed to the wide-scale adoption of mobile apps for bill payments and recharges among the younger population. Furthermore, the attractive discount, coupons, and cashback offers from the solution providers accelerate the adoption of online payment solutions, further driving the market growth.

North America is Leading the Master Recharge API Market

North America led the master recharge API market in 2018 with a market share of more than 33%. The increasing adoption of smartphones and tablets across the region is the primary factor driving the market growth. The rising trend of online Payment also acts as a major driver for market growth. Additionally, the growing need among organizations to provide better customer services to the customer is further driving the market growth.

The major vendors in the master recharge API market are Crowd Finch, Axis Softech Private Limited, Recharge Handa, Cyrus Technoedge Solutions Pvt. Ltd., Ezetop, Euronet Worldwide, Indian Web Technologies, LBS Software, Jolo, MyRecharge, Pointersoft Technologies, Pixyrs Softech, and Xtracare IT Solution.

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Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. In addition, compounded Annual Growth Rate (CAGR) for each respective segment was calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The master recharge API market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global master recharge API market based on service and geography.

Chapter 1 Preface
1.1 Report Scope and Description
1.1.1 Study Purpose
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Approach Adopted
1.3.4 Top-Down Approach
1.3.5 Bottom-Up Approach
1.3.6 Phase III – Expert Panel Review
1.3.7 Assumptions
1.4 Market Segmentation

Chapter 2 Executive Summary
2.1 Market Snapshot: Global MRAPI Market
2.1.1 Global MRAPI Market, by Service, 2018 (US$ Mn)
2.1.2 Global MRAPI Market, by Geography, 2018 (US$ Mn)

Chapter 3 Market Dynamics
3.1 Introduction
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.1.1 Driver 1
3.2.1.2 Driver 2
3.2.1.3 Driver 3
3.2.2 Market Restraint
3.2.2.1 Restraint 1
3.3 Attractive Investment Proposition, by Geography, 2018
3.4 Market Positioning of Key MRAPI Vendors, 2018

Chapter 4 Global Master Recharge API (MRAPI) Market, by Service
4.1 Overview
4.1.1 Global MRAPI Market Value Share, by Service, 2018 & 2027 (Value, %)
4.2 Data Card
4.2.1 Global MRAPI Market Value from Data Card, 2017 – 2027(US$ Mn)
4.2.2 DTH
4.2.2.1 Global MRAPI Market Value from DTH, 2017 – 2027(US$ Mn)
4.2.3 Electricity
4.2.3.1 Global MRAPI Market Value from Electricity, 2017 – 2027(US$ Mn)
4.2.4 Insurance
4.2.4.1 Global MRAPI Market Value from Insurance, 2017 – 2027(US$ Mn)
4.2.5 Postpaid Mobile Recharge
4.2.5.1 Global MRAPI Market Value from Postpaid Mobile Recharge, 2017 – 2027(US$ Mn)
4.2.6 Prepaid Mobile Recharge
4.2.6.1 Global MRAPI Market Value from Prepaid Mobile Recharge, 2017 – 2027(US$ Mn)
4.2.7 Others
4.2.7.1 Global MRAPI Market Value from Others, 2017 – 2027(US$ Mn)

Chapter 5 North America Master Recharge API (MRAPI) Market Analysis, 2017 – 2027 (US$ Mn)
5.1 Overview
5.2 North America MRAPI Market Analysis, by Service, 2017 – 2027 (US$ Mn)
5.2.1 Market Analysis
5.3 North America MRAPI Market, by Country, 2017 – 2027 (US$ Mn)
5.3.1 Market Analysis
5.3.2 U.S.
5.3.2.1 U.S. MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
5.3.3 Canada
5.3.3.1 Canada MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)

Chapter 6 Europe Master Recharge API (MRAPI) Market Analysis, 2017 – 2027 (US$ Mn)
6.1 Overview
6.2 Europe MRAPI Market Analysis, by Service, 2017 – 2027 (US$ Mn)
6.2.1 Market Analysis
6.3 Europe MRAPI Market, by Country, 2017 – 2027 (US$ Mn)
6.3.1 Market Analysis
6.3.2 U.K.
6.3.2.1 U.K. MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
6.3.3 Germany
6.3.3.1 Germany MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
6.3.4 France
6.3.4.1 France MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
6.3.5 Rest of Europe
6.3.5.1 Rest of Europe MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)

Chapter 7 Asia Pacific Master Recharge API (MRAPI) Market Analysis, 2017 – 2027 (US$ Mn)
7.1 Overview
7.2 Asia Pacific MRAPI Market Analysis, by Service, 2017 – 2027 (US$ Mn)
7.2.1 Market Analysis
7.3 Asia Pacific MRAPI Market, by Country, 2017 – 2027 (US$ Mn)
7.3.1 Market Analysis
7.3.2 China
7.3.2.1 China MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
7.3.3 Japan
7.3.3.1 Japan MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
7.3.4 India
7.3.4.1 India MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
7.3.5 Rest of Asia Pacific
7.3.5.1 Rest of Asia Pacific MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)

Chapter 8 Rest of the World (RoW) Master Recharge API (MRAPI) Market Analysis, 2017 – 2027 (US$ Mn)
8.1 Overview
8.2 RoW MRAPI Market Analysis, by Service, 2017 – 2027 (US$ Mn)
8.2.1 Market Analysis
8.3 RoW MRAPI Market, by Country (US$ Mn)
8.3.1 Market Analysis
8.3.2 Middle East & Africa (MEA)
8.3.2.1 MEA MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
8.3.3 Latin America
8.3.3.1 Latin America MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)

Chapter 9 Company Profiles
9.1 Axis Softech Private Limited
9.2 Crowd Finch
9.3 Cyrus Technoedge Solutions Pvt. Ltd.
9.4 Euronet Worldwide
9.5 Ezetop
9.6 Indian Web Technologies
9.7 Jolo
9.8 LBS Software
9.9 LBS Software
9.10 MyRecharge
9.11 Pixyrs Softech
9.12 Pointersoft Technologies
9.13 Recharge Handa
9.14 Xtracare IT Solution

List of Figures

FIG. 1 Global Master Recharge API (MRAPI) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global MRAPI Market Segmentation
FIG. 4 Global MRAPI Market, by Service, 2018 (US$ Mn)
FIG. 5 Global MRAPI Market, by Geography, 2018 (US$ Mn)
FIG. 6 Attractive Investment Proposition, by Geography, 2018
FIG. 7 Market Positioning of Key MRAPI Vendors, 2018
FIG. 8 Global MRAPI Market Value Share, by Service, 2018 & 2027 (Value, %)
FIG. 9 Global MRAPI Market Value from Data Card, 2017 – 2027(US$ Mn)
FIG. 10 Global MRAPI Market Value from DTH, 2017 – 2027(US$ Mn)
FIG. 11 Global MRAPI Market Value from Electricity, 2017 – 2027(US$ Mn)
FIG. 12 Global MRAPI Market Value from Insurance, 2017 – 2027(US$ Mn)
FIG. 13 Global MRAPI Market Value from Postpaid Mobile Recharge, 2017 – 2027(US$ Mn)
FIG. 14 Global MRAPI Market Value from Prepaid Mobile Recharge, 2017 – 2027(US$ Mn)
FIG. 15 Global MRAPI Market Value from Others, 2017 – 2027(US$ Mn)

List of Tables

TABLE 1 Market Snapshot: Global Master Recharge API (MRAPI) Market Value
TABLE 2 North America MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
TABLE 3 North America MRAPI Market Value, by Country,2017 – 2027 (US$ Mn)
TABLE 4 U.S. MRAPI Market Value, by Service2017 – 2027 (US$ Mn)
TABLE 5 Canada MRAPI Market Value, by Service2017 – 2027 (US$ Mn)
TABLE 6 Europe MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
TABLE 7 Europe MRAPI Market Value, by Country,2017 – 2027 (US$ Mn)
TABLE 8 U.K. MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
TABLE 9 Germany MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
TABLE 10 France MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
TABLE 11 Rest of Europe MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
TABLE 12 Asia Pacific MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
TABLE 13 Asia Pacific MRAPI Market Value, by Country,2017 – 2027 (US$ Mn)
TABLE 14 China MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
TABLE 15 Japan MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
TABLE 16 India MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
TABLE 17 Rest of Asia Pacific MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
TABLE 18 RoW MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
TABLE 19 RoW MRAPI Market Value, by Country,2017 – 2027 (US$ Mn)
TABLE 20 MEA MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
TABLE 21 Latin America MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
TABLE 22 Axis Softech Private Limited: Company Snapshot (Business Description; Service Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 23 Crow Finch: Company Snapshot (Business Description; Service Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 24 Cyrus Technoedge Solutions Pvt. Ltd.: Company Snapshot (Business Description; Service Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 25 Euronet Worldwide: Company Snapshot (Business Description; Service Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 26 Ezetop: Company Snapshot (Business Description; Service Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 27 Indian Web Technologies: Company Snapshot (Business Description; Service Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 28 Jolo: Company Snapshot (Business Description; Service Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 29 LBS Software: Company Snapshot (Business Description; Service Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 30 LBS Software: Company Snapshot (Business Description; Service Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 31 MyRecharge: Company Snapshot (Business Description; Service Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 32 Pixyrs Softech: Company Snapshot (Business Description; Service Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 33 Pointersoft Technolgies: Company Snapshot (Business Description; Service Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 34 Recharge Handa: Company Snapshot (Business Description; Service Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 35 Xtracare IT Solution: Company Snapshot (Business Description; Service Portfolio; Financial Information; Business Overview and Recent Development)

Frequently Asked Questions

What is the size of Master Recharge API Market?

The market for Master Recharge API is expected to reach US$ 10.82 bn in 2027.

What is the Master Recharge API Market CAGR?

The Master Recharge API market is expected to see significant CAGR growth over the coming years, at 4.8%.

What is the Forecast period considered for Master Recharge API Market?

The report is forecasted from 2019-2027.

What is the base year considered for Master Recharge API Market?

The base year of this report is 2018.

Who are the major players in this market?

Axis Softech Private Limited, Crowd Finch, Cyrus Technoedge Solutions Pvt. Ltd., Euronet Worldwide, Ezetop, Indian Web Technologies, Jolo, LBS Software, LBS Software are some of the major players in the global market.

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