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Global Mobile Payment Market Report By Type (Proximity Payment, Remote Payment And Mobile Point Of Sales {mPOS}), By End-User (Banking & Financial Sector, IT & Telecommunication, Retail, Life Science {Healthcare}, Government Service, Media & Entertainment, Travel & Hospitality, Transportation & Logistics And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2028
ID:VMR11210181
March 2022
Report Formats: Electronic (PDF), MS EXCEL
As per this study the Global Mobile Payment Market was valued USD 50.59 BN (by revenue) in 2021 and is anticipated to reach USD 691.71 BN by 2028 with a CAGR of 45.3%.
Mobile payment refers to mode of the financial transaction occurred at point of sales (PoS) by using mobile phones. The payment procedure initiates either by scanning bar code or QR code leading to deduction of the purchase amount in an encrypted format from the bank account linked with the debit/ credit card. It is a safe, convenient and easy mode of transaction widely adopted in banking, logistics, retail, healthcare, entertainment, and etc. industries.
Market Dynamics
Rising penetration of smart phones coupled with growing demand of safer, user friendly, hassle free and quicker payment procedure is driving the market growth. Rising adoption of IoT and increasing count of tech savvy population is further boosting market growth. In addition to this, shift in customer preference for cashless transactions is again spurring the market growth. However, rising concern for data privacy and increasing cases of data bridging are likely to hamper the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of mobile payment.
Market Segmentation
The broad mobile payment market has been sub-grouped into type and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Type
By End-User
Regional Analysis
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for mobile payment in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Mobile Payment Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the mobile payment market includes Bharti Airtel Limited, Cachet Financial Solutions, Eserve Global, FIS Global, Gemalto N.V (Thales Group), Google, Inc., Mahindra Comviva, Mastercard Incorporated, Monitise Plc., Moremagic Solutions, Orange S.A., Paypal (Ebay, Inc.), Visa, Inc. and Vodafone Group Plc. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
Mobile payment refers to mode of the financial transaction occurred at point of sales (PoS) by using mobile phones. The payment procedure initiates either by scanning bar code or QR code leading to deduction of the purchase amount in an encrypted format from the bank account linked with the debit/ credit card. It is a safe, convenient and easy mode of transaction widely adopted in banking, logistics, retail, healthcare, entertainment, and etc. industries.
Market Dynamics
Rising penetration of smart phones coupled with growing demand of safer, user friendly, hassle free and quicker payment procedure is driving the market growth. Rising adoption of IoT and increasing count of tech savvy population is further boosting market growth. In addition to this, shift in customer preference for cashless transactions is again spurring the market growth. However, rising concern for data privacy and increasing cases of data bridging are likely to hamper the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of mobile payment.
Market Segmentation
The broad mobile payment market has been sub-grouped into type and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Type
- Proximity Payment
- Near Field Communication {NFC}
- Smart Cards
- QR Code
- Remote Payment
- SMS
- USSD/STK
- Mobile Wallet
- WAP
- Virtual Prepaid Cards
- Others
- Mobile Point Of Sales {mPOS}
By End-User
- Banking & Financial Sector
- IT & Telecommunication
- Retail
- Life Science {Healthcare}
- Government Service
- Media & Entertainment
- Travel & Hospitality
- Transportation & Logistics
- Others
Regional Analysis
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for mobile payment in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Mobile Payment Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the mobile payment market includes Bharti Airtel Limited, Cachet Financial Solutions, Eserve Global, FIS Global, Gemalto N.V (Thales Group), Google, Inc., Mahindra Comviva, Mastercard Incorporated, Monitise Plc., Moremagic Solutions, Orange S.A., Paypal (Ebay, Inc.), Visa, Inc. and Vodafone Group Plc. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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Frequently Asked Questions (FAQs) about this Report
b. In 2021, the global market size for mobile payment was worth USD 50.59 Billion.
b. Between 2023 and 2028, the worldwide mobile payment market growth is projected to be nearly 45.3%.
b. Asia Pacific accounts for the largest market share of the global mobile payment market.
b. The global mobile payment market is segmented by Type (Proximity Payment, Remote Payment And Mobile Point Of Sales {mPOS}), by End-User (Banking & Financial Sector, IT & Telecommunication, Retail, Life Science {Healthcare}, Government Service, Media & Entertainment, Travel & Hospitality, Transportation & Logistics And Others).
b. The leading players in the global mobile payment market are Bharti Airtel Limited, Cachet Financial Solutions, Eserve Global, FIS Global, Gemalto N.V (Thales Group), Google Inc., Mahindra Comviva, Mastercard Incorporated, Monitise Plc., Moremagic Solutions, Orange S.A., Paypal (Ebay Inc.), Visa Inc. and Vodafone Group Plc.
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . MOBILE PAYMENT – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Type
3.7.2 Market Attractiveness Analysis By End-User
3.7.3 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
5.1. Impact Analysis of Covid-19 Outbreak
5.1.1. Direct Impact on Production
5.1.2. Supply Chain and Market Disruption
5.1.3. Financial Impact on Firms and Financial Markets
5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
5.3. Market: Pre V/S Post COVID-19
5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
5.5. COVID-19: Micro and Macro Factor Analysis
6 . GLOBAL MOBILE PAYMENT MARKET ANALYSIS BY TYPE
6.1 Overview by Type
6.2 Historical and Forecast Data
6.3 Analysis by Type
6.4 Proximity Payment Historic and Forecast Sales by Regions
6.5 Remote Payment Historic and Forecast Sales by Regions
6.6 Mobile Point Of Sales {mPOS} Historic and Forecast Sales by Regions
7 . GLOBAL MOBILE PAYMENT MARKET ANALYSIS BY END-USER
7.1 Overview by End-User
7.2 Historical and Forecast Data
7.3 Analysis by End-User
7.4 Banking & Financial Sector Historic and Forecast Sales by Regions
7.5 IT & Telecommunication Historic and Forecast Sales by Regions
7.6 Retail Historic and Forecast Sales by Regions
7.7 Life Science {Healthcare} Historic and Forecast Sales by Regions
7.8 Government Service Historic and Forecast Sales by Regions
7.9 Media & Entertainment Historic and Forecast Sales by Regions
7.10. Travel & Hospitality Historic and Forecast Sales by Regions
7.11 Transportation & Logistics Historic and Forecast Sales by Regions
7.12 Others Historic and Forecast Sales by Regions
8 . GLOBAL MOBILE PAYMENT MARKET ANALYSIS BY GEOGRAPHY
8.1. Regional Outlook
8.2. Introduction
8.3. North America Sales Analysis
8.3.1. Overview, Historic and Forecast Sales Analysis
8.3.2. North America By Segment Sales Analysis
8.3.3. North America By Country Sales Analysis
8.3.4. United State Sales Analysis
8.3.5. Canada Sales Analysis
8.3.6. Mexico Sales Analysis
8.4. Europe Sales Analysis
8.4.1. Overview, Historic and Forecast Sales Analysis
8.4.2. Europe by Segment Sales Analysis
8.4.3. Europe by Country Sales Analysis
8.4.4. United Kingdom Sales Analysis
8.4.5. France Sales Analysis
8.4.6. Germany Sales Analysis
8.4.7. Italy Sales Analysis
8.4.8. Russia Sales Analysis
8.4.9. Rest Of Europe Sales Analysis
8.5. Asia Pacific Sales Analysis
8.5.1. Overview, Historic and Forecast Sales Analysis
8.5.2. Asia Pacific by Segment Sales Analysis
8.5.3. Asia Pacific by Country Sales Analysis
8.5.4. China Sales Analysis
8.5.5. India Sales Analysis
8.5.6. Japan Sales Analysis
8.5.7. South Korea Sales Analysis
8.5.8. Australia Sales Analysis
8.5.9. Rest Of Asia Pacific Sales Analysis
8.6. Latin America Sales Analysis
8.6.1. Overview, Historic and Forecast Sales Analysis
8.6.2. Latin America by Segment Sales Analysis
8.6.3. Latin America by Country Sales Analysis
8.6.4. Brazil Sales Analysis
8.6.5. Argentina Sales Analysis
8.6.6. Peru Sales Analysis
8.6.7. Chile Sales Analysis
8.6.8. Rest of Latin America Sales Analysis
8.7. Middle East & Africa Sales Analysis
8.7.1. Overview, Historic and Forecast Sales Analysis
8.7.2. Middle East & Africa by Segment Sales Analysis
8.7.3. Middle East & Africa by Country Sales Analysis
8.7.4. Saudi Arabia Sales Analysis
8.7.5. UAE Sales Analysis
8.7.6. Israel Sales Analysis
8.7.7. South Africa Sales Analysis
8.7.8. Rest Of Middle East And Africa Sales Analysis
9 . COMPETITIVE LANDSCAPE OF THE MOBILE PAYMENT COMPANIES
9.1. Mobile Payment Market Competition
9.2. Partnership/Collaboration/Agreement
9.3. Merger And Acquisitions
9.4. New Product Launch
9.5. Other Developments
10 . COMPANY PROFILES OF MOBILE PAYMENT INDUSTRY
10.1. Top 10 Company Share Analysis
10.2. Market Concentration Rate
10.3. Bharti Airtel Limited
10.3.1. Company Overview
10.3.2. Company Revenue
10.3.3. Products
10.3.4. Recent Developments
10.4. Cachet Financial Solutions
10.4.1. Company Overview
10.4.2. Company Revenue
10.4.3. Products
10.4.4. Recent Developments
10.5. Eserve Global
10.5.1. Company Overview
10.5.2. Company Revenue
10.5.3. Products
10.5.4. Recent Developments
10.6. FIS Global
10.6.1. Company Overview
10.6.2. Company Revenue
10.6.3. Products
10.6.4. Recent Developments
10.7. Gemalto N.V (Thales Group)
10.7.1. Company Overview
10.7.2. Company Revenue
10.7.3. Products
10.7.4. Recent Developments
10.8. Google Inc.
10.8.1. Company Overview
10.8.2. Company Revenue
10.8.3. Products
10.8.4. Recent Developments
10.9. Mahindra Comviva
10.9.1. Company Overview
10.9.2. Company Revenue
10.9.3. Products
10.9.4. Recent Developments
10.10. Mastercard Incorporated
10.10.1. Company Overview
10.10.2. Company Revenue
10.10.3. Products
10.10.4. Recent Developments
10.11. Monitise Plc.
10.11.1. Company Overview
10.11.2. Company Revenue
10.11.3. Products
10.11.4. Recent Developments
10.12. Moremagic Solutions
10.12.1. Company Overview
10.12.2. Company Revenue
10.12.3. Products
10.12.4. Recent Developments
10.13. Orange S.A.
10.13.1. Company Overview
10.13.2. Company Revenue
10.13.3. Products
10.13.4. Recent Developments
10.14. Paypal (Ebay Inc.)
10.14.1. Company Overview
10.14.2. Company Revenue
10.14.3. Products
10.14.4. Recent Developments
10.15. Visa Inc.
10.15.1. Company Overview
10.15.2. Company Revenue
10.15.3. Products
10.15.4. Recent Developments
10.16. Vodafone Group Plc
10.16.1. Company Overview
10.16.2. Company Revenue
10.16.3. Products
10.16.4. Recent Developments
*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
LIST OF TABLES
- Market Snapshot
- Drivers : Impact Analysis
- Restraints : Impact Analysis
- List of Raw Material
- List of Raw Material Manufactures
- List of Potential Buyers
- COVID-19 Impact Analysis by Production, Import, Export and Demand
- Pre V/S Post COVID-19
- Estimated Impact Of The Coronavirus (Covid-19) Epidemic
- COVID-19: Micro and Macro Factor Analysis
- Analysis by Type (USD MN)
- Proximity Payment Market Sales by Geography (USD MN)
- Remote Payment Market Sales by Geography (USD MN)
- Mobile Point Of Sales {mPOS} Market Sales by Geography (USD MN)
- Analysis Market by End-User (USD MN)
- Banking & Financial Sector Market Sales by Geography (USD MN)
- IT & Telecommunication Market Sales by Geography (USD MN)
- Retail Market Sales by Geography (USD MN)
- Life Science {Healthcare} Market Sales by Geography (USD MN)
- Government Service Market Sales by Geography (USD MN)
- Media & Entertainment Market Sales by Geography (USD MN)
- Travel & Hospitality Market Sales by Geography (USD MN)
- Transportation & Logistics Market Sales by Geography (USD MN)
- Others Market Sales by Geography (USD MN)
- Global Mobile Payment Market Sales by Geography (USD MN)
- North America Market Analysis (USD MN)
- United State Market Analysis (USD MN)
- Canada Market Analysis (USD MN)
- Mexico Market Analysis (USD MN)
- Europe Market Analysis (USD MN)
- Europe Market Estimate by Country (USD MN)
- United Kingdom Market Analysis (USD MN)
- France Market Analysis (USD MN)
- Germany Market Analysis (USD MN)
- Italy Market Analysis (USD MN)
- Russia Market Analysis (USD MN)
- Spain Market Analysis (USD MN)
- Rest of Europe Market Analysis (USD MN)
- Asia Pacific Market Analysis (USD MN)
- China Market Analysis (USD MN)
- Japan Market Analysis (USD MN)
- India Market Analysis (USD MN)
- South Korea Market Analysis (USD MN)
- Australia Market Analysis (USD MN)
- Rest of Asia Pacific Market Analysis (USD MN)
- Latin America Market Analysis (USD MN)
- Brazil Market Analysis (USD MN)
- Argentina Market Analysis (USD MN)
- Peru Market Analysis (USD MN)
- Chile Market Analysis (USD MN)
- Rest of Latin America Market Analysis (USD MN)
- Middle East & Africa Market Analysis (USD MN)
- Saudi Arabia Market Analysis (USD MN)
- UAE Market Analysis (USD MN)
- Israel Market Analysis (USD MN)
- South Africa Market Analysis (USD MN)
- Rest of Middle East and Africa Market Analysis (USD MN)
- Partnership/Collaboration/Agreement
- Mergers And Acquisiton
LIST OF FIGURES
- Research Scope of Mobile Payment Report
- Market Research Process
- Market Research Methodology
- Global Mobile Payment Market Size, by Region (USD MN)
- Porters Five Forces Analysis
- Market Attractiveness Analysis by Type
- Market Attractiveness Analysis by End-User
- Market Attractiveness Analysis by Region
- Value Chain Analysis
- Global Market Analysis by Type (USD MN)
- Proximity Payment Market Sales by Geography (USD MN)
- Remote Payment Market Sales by Geography (USD MN)
- Mobile Point Of Sales {mPOS} Market Sales by Geography (USD MN)
- Global Market Analysis by End-User (USD MN)
- Banking & Financial Sector Market Sales by Geography (USD MN)
- IT & Telecommunication Market Sales by Geography (USD MN)
- Retail Market Sales by Geography (USD MN)
- Life Science {Healthcare} Market Sales by Geography (USD MN)
- Government Service Market Sales by Geography (USD MN)
- Media & Entertainment Market Sales by Geography (USD MN)
- Travel & Hospitality Market Sales by Geography (USD MN)
- Transportation & Logistics Market Sales by Geography (USD MN)
- Others Market Sales by Geography (USD MN)
- Global Market by Revenue
- North America Market by Revenue
- Europe Market by Revenue
- Asia Pacific Market by Revenue
- Latin America Market by Revenue
- Middle East & Africa Market by Revenue
- Recent Development in Industry
- Top 10 Company Share Analysis
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.
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Objectives of Study
- Define and measure the global market
- Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
- Analyze and identify major market trends along with the factors driving or inhibiting the market growth
- Study the company profiles of the major market players with their market share
- Analyze competitive developments