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 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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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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