Mobile Payment industry valued approximately USD 253.2 billion in 2016, growing at a CAGR of 33.40% | Vodacom Group Limited, Orange SA, Bharti Airtel Limited, Mastercard Incorporated, Safaricom Limited, Paypal Holdings

Global Mobile Payment Market industry valued approximately USD 253.2 billion in 2016 is anticipated to grow with a healthy growth rate of more than 33.40% over the forecast period 2017-2025. The major factors driving the growth is due to increased penetration of smartphones, growth in m-commerce industry, change in lifestyle, and the need for a quick and hassle-free transaction.

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The objective of the study is to define market sizes of different segments & countries in previous years and to forecast the values to the next eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as drivers & restraining factors which will define the future growth of the market. Additionally, it will also incorporate the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product offerings of key players.

Some of the key manufacturers involved in the market are Vodacom Group Limited, Orange SA, Bharti Airtel Limited, Mastercard Incorporated, Safaricom Limited, Paypal Holdings, Inc, and MTN Group Limited. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and focuses on continuous technology innovations are also strategies adopted by the major players. The companies are also trying to dominate the market by investing in research and development.

The detailed segments and sub-segment of the market are explained below:

Mode of Transaction:
– Short Message Service(SMS)
– Near Field Communication(NFC)
– WAP

Types of Mobile Payment:
– Mobile Wallet/Bank Cards
– Mobile Money
– Livestock Monitoring
– Agriculture Robots
– Other

Application:
– Energy & Utilities
– Hospitality & Transportation
– Healthcare
– Retail
– Entertainment
– Others

Regions:
– North America
– U.S.
– Canada
– Europe
– UK
– Germany
– Asia Pacific
– China
– India
– Japan
– Latin America
– Brazil
– Mexico
– Rest of the World

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Posted by on Monday August 19 2019, 8:00 AM EST. All trademarks acknowledged. Filed under Business & Financial Services, Business Services, Consumer & Retail, Featured Press Release, Software & Services, Technology Hardware & Equipment, Technology, Media, & Telecommunications. Comments and Trackbacks closed. Follow responses: RSS 2.0

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