Global Mobile Payment Market Size By Payment Mode, By Technology, By Application, By Geographic Scope And Forecast
Mobile Payment Market Size And Forecast
Mobile Payment Market was valued at USD 1.88 Billion in 2019 and is projected to reach USD 16.45 Billion by 2027, growing at a CAGR of 33.6% from 2020 to 2027.
The Mobile Payment Market report provides a holistic evaluation of the market for the forecast period. The report comprises of various segments as well an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics, involves the drivers, restraints, opportunities and challenges through which the impact of these factors in the market are outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Mobile Payment Market study provides an outlook on the development of market in terms of revenue throughout the prognosis period.
Global Mobile Payment Market Overview
The growing penetration of smartphones, rising digitalization, and increasing merchant efficiency are expected to drive the Mobile Payment Market over the predicted years. Many banks have adopted technology into their banking apps that allow the customer to send money directly from their banking account. Mobile payment simply by scanning a barcode on an app at convenience stores to large, multi-national retailers are trending nowadays.
This report provides an all-inclusive environment of the analysis for the Mobile Payment Market. The market estimates provided in the report are the result of in-depth secondary research, primary interviews and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political and economic factors along with the current market dynamics affecting the Mobile Payment Market growth.
Along with the market overview, which comprises of the market dynamics the chapter includes a Porter’s Five Forces analysis which explains the five forces: namely buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in the Mobile Payment Market. It explains the various participants, such as system integrators, intermediaries and end-users within the ecosystem of the market. The report also focuses on the competitive landscape of the Mobile Payment Market.
Global Mobile Payment Market: Segmentation Analysis
The Global Mobile Payment Market is segmented based on Payment Mode, Technology, Application, And Geography.
Key Players In Mobile Payment Market
The Global Mobile Payment Market study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Samsung Group, Google LLC, Amazon.com Inc., Visa Inc., Paypal Inc., Orange SA, Alipay.com Co. Ltd, American Express Co., Apple Inc., and Mahindra ComViva.
Verified Market Research has been providing Research Reports, with up to date information, and in-depth analysis, for several years now, to individuals and companies alike that are looking for accurate Research Data. It has large database which includes the latest content from renowned authors and publications worldwide. It also provides customized Data and Reports according to the need of the client.
Similar Reports from Verified Market Research
Global Mobile Payment Market Size and Forecast To 2025
Global Mobile Payment Market Analysis
According to Verified Market Intelligence, the global Mobile Payment Market was valued at USD 0.80 Billion in 2017 and is projected to reach USD 8.06 Billion by 2025, growing at a CAGR of 33.6% from 2018 to 2025.
What is Mobile Payment?
Mobile payment is defined as a payment mode for goods or services ...