Mobile Payment Technology Market was valued at USD 192.07 Billion in 2020 and is projected to reach USD 7781.06 Billion by 2027, growing at a CAGR of 58.85 % from 2021 to 2027.
Latest added Mobile Payment Technologies Market research study by MarketDigits offers detailed product outlook and elaborates market review till 2026. The market Study is segmented by key regions that is accelerating the marketization. At present, the market is sharping its presence and some of the key players in the study are American Express Co., Fortumo, Bharti Airtel, MasterCard International, Microsoft, Boku, PayPal, AT&T Inc., and Visa. The study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.
This report studies the Mobile Payment Technologies Market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the Mobile Payment Technologies Market by companies, region, type and end-use industry.
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Scroll down 100s of data Tables, charts and graphs spread through Pages and in-depth Table of Content on “Mobile Payment Technologies Market, By Payment Mode (Proximity Payment, Remote Payment), Technology (NFC, QR Code, WAP & Card-Based, Digital Wallet, Banking App-based, SMS-based/DCB), Application (BFSI, Retail, Healthcare, Entertainment, IT and Telecom, Energy & Utilities, Hospitality & Tourism) and Geography – Global Forecast to 2026”. Early buyers will get 10% customization on study.
To Avail deep insights of Mobile Payment Technologies Market Size, competition landscape is provided i.e. Revenue Analysis (M $US) by Company (2018-2020), Segment Revenue Market Share (%) by Players (2018-2020) and further a qualitative analysis is made towards market concentration rate, product/service differences, new entrants and the technological trends in future.
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The Mobile Payment Technologies Market for NFC (Near Field Communication) mobile payments in the U.S. is in the nascent stage with an adoption rate of only 1.7%; this represents a huge opportunity for early movers offering the same. Adopting NFC mobile payment will open new revenue channels for banks as well as mobile operators as more than 94% of the U.S. population owns a mobile phone, and 60% of these have a card slot in their mobile phone. With the help of NFC technology, banks will be able to tap micro transactions made by cash, representing around 20% of the total transactions in the U.S. This will also help banks to capture the growing GEN Y population as well as the huge underbanked and unbanked population.
In 2009, the value of mobile payment transactions in the U.S. was $5.2 billion, constituting 6% of the global value of mobile payment transactions; this is expected to reach $56.7 in 2015, growing at a CAGR of 49.19%. The share of U.S in 2015 will reach approximately 10.6% of the global mobile payment transaction.
The major drivers are increasing merchant efficiency and customer convenience, and reducing operational and infrastructural costs for banks. Adopting NFC mobile payments will be a good green initiative as the number of paper based transactions will reduce. Increase in the production of NFC enabled mobile phones and the number of mobile phone users in the U.S. will lead to an increase in the adoption of mobile payments in the U.S.
Scope of the report
This section discusses the opportunities for Near Field Communication (NFC) based mobile payments, their market estimates, and market structure. It also discusses winning imperatives, following which a stakeholder can gain a healthy market share in the U.S. mobile payment market and increase its revenues. The section also discusses and analyzes major business models for mobile payments and suggests the best one to increase the adoption of mobile payments in the U.S. It also discusses the value proposition of NFC mobile payments for various stakeholders. This section analyzes the most important driving factors for the mobile proximity payment channel along with its key challenges. It covers the major developments by banks as well as vendors to increase the adoption of NFC mobile payments in the U.S.
Business case studies
Two case studies have been included; the first one discusses strategic measures adopted by The State Bank of La Junta, Colorado to enhance its geographic reach and remain competitive in the small business and retail segment by offering NFC mobile payments.
The second case study discusses measures by VISA, a leading network provider, to increase the adoption of mobile payments, and the impact of those measures on all the stakeholders involved.
The section benchmarks and profiles vendors who are application providers for banks and NFC hardware and MicroSD card manufacturers. It includes a brief introduction, major products offered, and their recent developments.
What makes our report unique?
- A strong heritage of providing cutting-edge research: MarketDigits provides clients with ground breaking marketing research. M&M¡¯s unique research methodology and expert analytical capabilities will provide you the tools to apply the best marketing practices to your Financial Institution.
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- Discover new opportunities: This market research study will forecast the future roles, uses, and acceptances of new products, services, and applications emerging in the marketplace. It will identify opportunities where companies can get a leg up on the competition.
The base year for calculation in this Mobile Payment Technologies Market business report is taken as 2020 while the historic year is 2019 which will tell how the market will perform in the forecast years by informing what the market definition, classifications, applications, & engagements are. This Mobile Payment Technologies Market report is also all-embracing of the data which covers market definition, classifications, applications, engagements, market drivers & market restraints that are based on the SWOT analysis. A large scale Mobile Payment Technologies Market report is a comprehensive study about the market which tells about the market status in the forecast period of 2021-2027.
All viewpoints in the report are based on iterative validation by engaging influencer, experts of the market, whose opinions supersede all other research methodologies. Both primary and secondary approach are used and detailed product portfolio / service offering were analysed and have been presented in a separate chapter of competitive landscape along with company profile.
Detailed Insights on Market Concentration Rate:
CR4, CR8 and HHI Index Analysis of Overall Market
Comparative Market Share Analysis (Y-o-Y)
Emerging Players – Heat Map Analysis
MarketDigits MR also offers Custom Research services providing focused, comprehensive and tailored research according to clientele objectives. Thanks for reading this article; you can also get individual chapter wise section or region wise report like North America, Europe or Asia.
Table of Contents
1 Market Overview
1.1 Global Mobile Payment Technologies Introduction
1.2 Market Analysis by Type
1.3 Market Analysis by Applications
1.4 Market Analysis by Regions
1.5 Market Dynamics
1.5.1 Market Opportunities
1.5.2 Market Risk
1.5.3 Market Driving Force
2 Manufacturers Profiles
2.1.1 Business Overview
2.1.2 Mobile Payment Technologies Type and Applications
2.1.3 Mobile Payment Technologies Sales, Price, Revenue, Gross Margin and Market Share (2016-2017)
3 Global Mobile Payment TechnologiesMarket Competition, by Manufacturer
4 Global Mobile Payment TechnologiesMarket Analysis by Regions
5 Region 1, Type, Application and Manufacturers
10 Global Mobile Payment Technologies Market Segment by Type
11 Mobile Payment Technologies Market Segment by Application
12 Mobile Payment Technologies Market Forecast (2021-2027)
13 Sales Channel, Distributors, Traders and Dealers
14 Research Findings and Conclusion
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