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Global Mobile Payments Market Size, Segmentation, Opportunities, Trends, Growth and Industry Forecast To 2022

The research study provides profound knowledge of the mobile payments market composition and evaluates and overviews its multidimensional aspects & applications. It expresses both its quantitative and qualitative patterns of investigative research. The research study bifurcates the global mobile payments market based on different parameters and assesses each section and sub-section of the global mobile payments market.

The factors that motivate and restrict the growth of the global mobile payments industry are mentioned and elaborated in depth in this research study. It assists professionals in taking important business decisions to promote their business. The study also explores areas having potential for future market growth. It also provides information about emerging markets, profitable markets, stagnant markets, declining markets, saturated markets, or mature markets, along with growth benefits.

This research study explains the competitive scenario using the SWOT analysis model, Porter’s five forces analysis model and value chain analysis model. Furthermore, it helps in obtaining the sales forecasts for the same. The main areas the report focuses on related to each firm are key competitor profile overview/description, monetary & accounting (transaction) details, business plans, and recent developments.

Overview

Innovations in mobiles have drastically transformed the lives of people around the globe. Since the last few years, mobile equipments are available with multiple features and functions. As a result, mobiles now have become comprehensive electronic (digital) equipment. Due to this, the incorporation of financial services (and transactions) with mobile equipment complemented with inexpensive internet connectivity is mainly responsible for changing the use of mobile equipment solely from a communicating device to a money transferring equipment. This has led to the new era in the field of wireless technology where financial services are offered via mobiles, also called mobile financial services or mobile payments or mobile transfers, or mobile money.

The Global Mobile Payments market is concerned with the payment of bills by using mobile devices. It includes main modes of mobile payments (or transactions) such as direct mobile billing, SMS transactions, near field communications services and WAP (Mobile Web Payments), and other modes of mobile payments like USSD, financial service providers, and smartphone applications.

Financial Service Providers include mobile network operators (MNOs), payment processing agents, banks, and payment platform providers like Sony Ericsson & Google. With the widespread use of mobile payments services by users and traders, they are broadly gaining traction across diverse industrial & business verticals such information technology industry, BFSI( Bank & Financial Sector and Institutions), health care industry, retail industry, hospitality & travel industry, logistics & transportation industry and media & entertainment industry.

The main reason behind use of the mobile device as a tool for making payments or carrying financial transactions is to avoid use of currency notes, currency coins, credit cards, debit cards, plastic media, and bank transactions. In addition to this, these kinds of money transactions are cashless transactions and so are secured compared to other kinds of transactions. As a result, micropayments have become popular as the mode of payment in the global mobile payments market.

This report analyzes recent market trends, future growth potential, market growth drivers, factors restricting market growth, opportunities, market structure, market challenges, market future predictions and best practices in the global mobile payments market. The report also examines market growth potential, market size and sales forecasts across different regions such as Europe, Asia-Pacific, North America and the Rest of the World.

The market for Global Mobile Payments Market is expected to reach XX in 2022.

The Global Mobile Payments Market is expected to see significant CAGR growth over the coming years, at XX%.

The report is forecasted to 2022.

The base year of this report is 2021.

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Trusted By
Godaddy
Published Date:  Mar 2016
Category:  IT & Telecom
Report ID:   57746
Report Format:   PDF
Pages:   120
Rating:    4.5 (70)
Delivery Time: 24 Hours to 48 Hours   
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