Global Mobile Payments Market Analysis
The
global Mobile Payments Market size is predicted to touch USD 3,300 billion at
a 32% CAGR between 2017- 2023, states the recent Market Research Future (MRFR)
analysis. As per the mobile payments market research report, the global market
for mobile payments is projected to grow swiftly by US$3,300 billion by 2023.
According to analysts, growing awareness about the benefits of mobile payments
as well as convenience of use and secured approach will drive the market growth
during the forecast period 2017 to 2023.
The
mobile payments market research report offers a comprehensive analysis of the
global mobile payments market and its end use application, mode of transaction,
and mode payment segments. The limited penetration of technology along with low
awareness levels among consumers and local businesses in some countries are the
elements that could influence the mobile payments market advancement throughout
the forecast period 2017 to 2023. The mobile payments market research report by
expert analysts is developed to assist organizations in the mobile payments
market.
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Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/2922
Market
Segmentation
The
global mobile payments market has been segmented based on end use application,
mode of transaction, and mode of payment. On the basis of end use application,
the market for mobile payments is segmented based on education, entertainment,
healthcare, hospitality, and retail. Additionally, the market on the basis of
mode of transaction, is segmented into SMS, WAP, and NFC. The global market for
mobile payments is also covered based on mode of payment segment which is
further split into m-wallet and mobile money.
Major
elements such as concerns regarding safety and security could obstruct the
mobile payments market growth. However, according to the mobile payments market
research report, technological advancements along with adoption of advanced
technologies will propel growth throughout the forecast period 2017 to 2023.
The mobile payments market is set to register growth at a high CAGR owing to
these key factors. The exploration of end use application, mode of transaction,
and mode payment segments along with regional markets has been given in the
global mobile payments market research report. The research analysts studying
the mobile payments market have put out market forecasts in the mobile payments
market research report in order to support mobile payments market-based
companies. The mobile payments market research report provides an extensive
understanding of the mobile payments market based on the information and
forecasts till 2023.
Regional
Overview
North
America, Europe, Asia Pacific and the rest of the world regional market for
mobile payments are predominantly covered in the global mobile payments market
research report. Country-level mobile payments markets spread across North
America – the United States, Canada, and Mexico are also covered in the report.
In South America – Brazil and other country-level mobile payments markets are
covered in the report. In Asia-Pacific (APAC) region, the country-level mobile
payments markets covered are Japan, India, China, and others. The mobile
payments market research report also explores the regional market for mobile
payments present in Europe in the United Kingdom, France, Italy, Spain, and
Germany, etc. The mobile payments market research report also covers regional
markets from the rest of the world alongside mobile payments markets of Africa
and the Middle East.
Competitive
Landscape
The
growing popularity of near field communications (NFC) and demand for speed are
presumed to drive the mobile payments market growth worldwide. The global
mobile payments market could be challenged by complex policies in certain
countries, nevertheless, organizations in the mobile payments market will carry
the growth rate forward. The mobile payments market research report presents
company profiles of major companies active in the mobile payments market
globally. Furthermore, the global mobile payments market report offers an
all-inclusive analysis of the market collected from the mobile payments
market’s primary and secondary sources covering both decision makers and
thought leaders. The mobile payments market research report highlights such key
areas assisting businesses operating in the mobile payments market to build
better growth strategies.
Industry
News
Popular
shopping services "buy now, pay later" in the U.K. will face tougher
regulations. Originally funded by Klarna, a $10.6 billion Swedish fintech
start-up, these programs allow clients to spread the cost of their transactions
over a period of interest-free installments. According to CNBC's report, Klarna
has received a total of $2.1 billion in funding to date and said in the report
that it welcomed the move towards regulation.
Get Complete Report Details at: https://www.marketresearchfuture.com/reports/mobile-payments-market-2922
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