Mobile Payment Technologies Market is expected to gain market growth in the forecast period of 2021 to 2028


Posted May 20, 2021 by leonfrancis

Mobile payment technologies market size is valued at USD 47.17 billion by 2028 is expected to grow at a compound annual growth rate of 35.98% in the forecast period of 2021 to 2028.

 
Mobile payment technologies market size is valued at USD 47.17 billion by 2028 is expected to grow at a compound annual growth rate of 35.98% in the forecast period of 2021 to 2028. Data Bridge Market Research report on mobile payment technologies provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth. Mobile payment technologies are the type of services where the users can transact with individuals and organizations with the help of their smart devices, in the financial sense for the exchange of products and services availed by the user. The incorporation of these technologies with smart devices transforms them into a mode of payment operations, helping in safe fiscal transactions.
The increase in the usage of enhanced technologies such as mobile point-of-sale, wearable devices and near field communication is expected to influence the growth of mobile payment technologies market over the forecast period of 2021 to 2028. Also the easy availability of high speed network connectivity in developed and developing countries and increase in penetration of digital transactions are also anticipated to flourish the growth of the mobile payment technologies market. Furthermore, the advent of contactless point of sale in restaurants is also likely to positively impact the growth of the market. Moreover, the ease of handling and quick processing and accessibility of more options to make payment using mobile are also expected create a huge demand for mobile payment technologies as well as lifting the growth of the mobile payment technologies market. However, the high risk of loss of critical data and security concerns are expected to act as the major limitations for the growth of mobile payment technologies in the above mentioned forecasted period, whereas the privacy concerns over data security can challenge the mobile payment technologies market growth in the forecast period of 2021 to 2028.
Global Mobile Payment Technologies Market, Payment Mode (Proximity Payment, Remote Payment), Purchase Type (Airtime Transfers and Top-Ups, Merchandise and Coupons, Money Transfers and Payments, Travel and Ticketing, Others), End User (BFSI, Retail, Media and Entertainment, Hospitality and Tourism, Education, Healthcare, IT and Telecommunications, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028 This mobile payment technologies market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the mobile payment technologies market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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Global Mobile Payment Technologies Market Scope and Market Size:
The mobile payment technologies market is segmented on the basis of payment mode, purchase type, and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
The payment mode segment of the mobile payment technologies market is segmented into proximity payment and remote payment. Proximity payment has further been segmented into near field communication (NFC) and QR code payment. Remote payment has further been segmented into USSD/STK, direct operator billing (credit/debit card-based), digital wallet and SMS based.
Based on purchase type, the mobile payment technologies market is segmented into airtime transfers and top-ups, merchandise and coupons, money transfers and payments, travel and ticketing and others.
Based on end user, the mobile payment technologies market is segmented into BFSI, retail, media and entertainment, hospitality and tourism, education, healthcare, IT and telecommunications and others.
Key Market Competitors:
The major players covered in the mobile payment technologies market report are Visa, Airtel India, Boku Inc., Apple Inc., AT&T Intellectual Property, Mastercard, Google, Fortumo, American Express Company, PayPal, Vodafone Group, Fiserv, Inc., Microsoft, First Data Corporation, BlueSnap Inc., Global Payments Inc., Paytm, SIX Payment Services, FIS and Stripe among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
MAJOR TOC OF THE REPORT:
Chapter One: Mobile Payment Technologies Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Mobile Payment Technologies Market Competition, by Players
Chapter Four: Mobile Payment Technologies Market Size by Regions
Chapter Five: Mobile Payment Technologies Market Revenue by Countries
Chapter Six: Mobile Payment Technologies Market Revenue by Type
Chapter Seven: Mobile Payment Technologies Market Revenue by Application
Chapter Eight: Mobile Payment Technologies Market Revenue by Industries
Chapter Nine: Mobile Payment Technologies Market Revenue by Deployment Model
Chapter Ten: Mobile Payment Technologies Market Revenue by End User
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The key questions answered in this report:
What will be the Market Size and Growth Rate in the forecast year?
What is the Key Factors driving Laser Global Mobile Payment Technologies Market?
What are the Risks and Challenges in front of the market?
Who are the Key Vendors in Global Mobile Payment Technologies Market?
What are the Trending Factors influencing the market shares?
What is the Key Outcomes of Porter’s five forces model
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Last Updated May 20, 2021