Overview
The Mobile Payment Technologies Market is anticipated to grow by US$87-88 billion by 2023 rapidly growing at a CAGR of 16-17% during the forecast period 2018 to 2023. The global mobile payment technologies market is driven by increasing adoption rate of smartphones and internet on mobile and dynamic consumer market. These factors have helped shape the mobile payment technologies market and are expected to boost the growth. Companies in the mobile payment technologies market could also face challenges such as lack of cross-border payment standards and cybersecurity risks. The details covered in the mobile payment technologies market report cover all the aspects of the industry. Analysts studying the mobile payment technologies market have also shared growth projections in the report and have suggested mobile payment technologies market players to plan business strategies accordingly.
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Market Segmentation
The global mobile payment technologies market has been segmented based on vertical, solutions, and deployment. On the basis of verticals, the market for mobile payment technologies is segmented based on entertainment, BFSI, retail, media, e-commerce. Additionally, the market on the basis of solutions, is segmented into QR Code, POS, NFC, Mobile Wallet, Mobile Banking, Internet Payment. The global market for mobile payment technologies is also covered based on the deployment segment which is further split into hybrid, on-cloud.
Factors like investment by non-banking institutions in the payment system, development in 5G network, and the adoption of artificial intelligence support the Mobile Payment Technologies Market Growth. The performance of the mobile payment technologies market has also been studied for the past and current years. Additionally, the mobile payment technologies market report provides analysis of these segments. The mobile payment technologies market segmental analysis provided in the report offers major details about the mobile payment technologies market based on the data and forecasts till 2023.
Regional Overview
The global market for mobile payment technologies has many companies active across the world. The mobile payment technologies market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American mobile payment technologies market has many companies across the United States, Canada, and Mexico. The mobile payment technologies market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the mobile payment technologies market can be found in the market research report. Europe has companies in the mobile payment technologies market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the mobile payment technologies market across India, China, and Japan in the Asia-Pacific region is also presented in the report.
Industry News
Thanks to the acquisition of additional shares of the domestically owned payment group, US Digital Money Transfer Network Paypal has become the first third-party payment platform in China. The equity participation in GoPay increased from 70 to hence in PayPal information Technology (Shanghai), reports added on Monday citing business information software information gathering, Tianyancha. Medias told Monday. The GoPay contribution of 30 per cent was spent by Cofortune Information Technology Co.
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Competitive Landscape
The mobile payment technologies market is supported by growing investment by major key players and availability of skilled professionals in developed regions. The population growth around the world and increasing demand of mobile payment technologies market based services and products also support the market growth. However, the mobile payment technologies market growth can be affected due to growing risks of cyber attacks. The report covers all such details which will help companies in the mobile payment technologies market to strengthen their business plan and improve their product portfolio. The mobile payment technologies market research report also provides company profiles of major companies. The company profiles of many organizations operating in the mobile payment technologies market report highlights crucial details like company size, revenue growth, and details of mergers and acquisitions taking place in the mobile payment technologies market. New companies and established businesses can plan their strategies based on this data provided in the mobile payment technologies market research report.
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Global Mobile Payment Technologies Market Research Report 2020 is latest research study released by AMA evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support.
These modes of transaction use multiple payment methods that include proximity and remote payment.
Early on, payment was sent by text message, later the advancement in technology allowed for the picture of the check to be taken and it eventually morphed into mobile check deposit capabilities for banking apps.
It’s vital you keep your market knowledge up to date segmented by Type (SMS Payment, QR Code Payment, NFC Payment, Bluetooth Technology Payment, Others), Application (Hospitality, Tourism Sector, Entertainment, Retail Sector, Health Care Sector, Education, Others), Mobile Payment Support (Credit Card, Prepaid Wallet), Mobile Payment (Proximity Payment (Quick Response (QR) Code, Mobile Wallets, Other), Remote Payment (Internet Payments, SMS Payments, Direct Carrier Billing, Other)), Payment Nature (P2P, P2B, B2P, B2B) and major players.
Mobile Payment TechnologiesMarket: Demand Analysis & Opportunity Outlook 2026 Mobile Payment Technologies research study is to define market sizes of various segments & countries by past years and to forecast the values by next 5 years.
The report is assembled to comprise each qualitative and quantitative elements of the industry facts including: market share, market size (value and volume 2015-2020, and forecast to 2026) which admire each countries concerned in the competitive examination.
Global mobile payment technologies market was valued at US$ 3.01 Bn in 2019 and is expected to reach US$ 34.69 Bn by 2027, at a CAGR of 35.74% during a forecast period.
To know about the Research Methodology :- Request Free Sample ReportThe objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology.
The report also helps in understanding mobile payment technologies market dynamics, structure by identifying and analyzing the market segments and project the global market size.
The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the mobile payment technologies market.The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.Mobile payment is a concept wherein a portable electronic device such as a tablet, smartphone, or cell phone is operated as a payment medium.
Government initiatives in supporting digital payments are projected to generate many opportunities in the mobile payment technology market.The retail sector is looking for mobile payment technologies to simplicity payment transactions.
The retail sector is also estimated to see exponential growth in the forecast period.Remote payment segment to increase rapidly during the forecast period due to the rising adoption of mobile wallets by consumers for payment purposes at the retailers or for e-commerce.
