The latest research report by Emergen Research, named ‘Global Mobile Payment Market - Forecast to 2030. The coronavirus outbreak has led to drastic changes in the current Mobile Payment Market business landscape, limiting the growth opportunities for various manufacturers and buyers for the next few years. Besides making speculations about the market’s post-COVID-19 scenario, the report discusses its existing situation. The report eventually offers conclusive data related to the Mobile Payment Market growth assessed on both regional and global levels.
The global mobile payment market size was USD 972.40 Billion in 2022 and is expected to register a rapid revenue CAGR of 14.3% during the forecast period. Increasing use of contactless payments and rising number of loyalty benefits in a mobile environment are key factors driving market revenue growth.
The Global Mobile Payment Market report, published by emrgen research, is a holistic study of the current and upcoming trends of the Mobile Payment Market that are expected to influence its growth over the forecast period. The report offers an in-depth analysis of the leading geographical segments of the market. It exclusively offers details about the regulatory framework and development policies that have been implemented in the market over recent years. The study focuses on global trends, regulatory frameworks, and macro- and micro-economic factors.
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Drivers Powering Market Growth:
The Mobile Payment market is propelled by several key drivers. The increasing penetration of smartphones, coupled with expanding internet connectivity, provides the foundation for widespread adoption. Convenience is a significant driver, as users prefer the ease of making transactions with a few taps on their mobile devices. The rise of e-commerce, coupled with the need for contactless transactions in a post-pandemic world, further accelerates the adoption of mobile payment solutions.
Covid 19 impact :
The global Mobile Payment Market report by emergen is the latest document covering the changes in the market dynamics and trends that have followed the COVID-19 outbreak. The global health emergency has brought about unprecedented changes in the global economic scenario, drastically affecting the Mobile Payment Market landscape, disrupting its supply chains, and causing volatility in prices and demand for products.
Some of the major companies included in the global Mobile Payment Market report are:
Google LLC
Samsung Group
com Inc.
Apple Inc.
Paypal Inc.
Visa Inc.
MasterCard Inc.
com
American Express Banking Corp.
MobiKwik System Limited
The Global Mobile Payment Market report serves as an accurate database providing the precise market estimations based on a detailed industry analysis. The highly professional report is targeted at readers and businesses interested in this sphere. Our team of analysts has employed primary and secondary research methodologies to determine the estimated market share over the projected timeframe, as well as to analyze the major market segments, including regional bifurcation. The report enumerates the key market players, scrutinizing their strategic initiatives such as collaborations & partnerships, mergers & acquisitions, joint ventures, technological innovation, and new product launches.
The report considers the following timeline for market estimation:
Historical Years: 2019-2032
Base Year: 2019
Estimated Year: 2032
Forecast Years: 2024-2032
For the purpose of this report, Emergen Research has segmented the global mobile payment market on the basis of location, mode of transaction, payment type, and end-use, and region:
· Location Outlook (Revenue, USD Billion; 2019-2032)
Proximity
Remote
· Mode of Transaction Outlook (Revenue, USD Billion; 2019-2032)
Mobile Web Payments
Near Field Communication
Mobile Application
Others
· Payment Type (Revenue, USD Billion; 2019-2032)
Business to Business (B2B)
Business to Customer (B2C)
Business to Government (B2G)
Others
· End-use Outlook (Revenue, USD Billion; 2019-2032)
Banking, Financial Services, and Insurance (BFSI)
Media & Entertainment
Retail & E-commerce
Healthcare
Information Technology (IT) & Telecom
Others
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The report also provides an extensive analysis of the segment and sub-segmented expected to dominate the Mobile Payment Market over the projected period. The report offers a forecast estimation of the market with regards to the analysis of the market segmentation, including product type, end-user industries, application spectrum, and other segments.
Objectives of the Report:
Industrial structure analysis of the Mobile Payment Market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape benchmarking
Analysis of Mobile Payment Market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Radiofrequency-Based Devices market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
Study of the global Mobile Payment Market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2023-2032)
Table of Contents:
Chapter 1: This section analyzes the global Mobile Payment Market market introduction, product offerings, scope, growth opportunities, market risks, and key driving forces.
Chapter 2: This chapter presents a detailed study of the key manufacturers in the Mobile Payment Market market, with sales and revenue estimations.
Chapter 3: This elaborates on the competitive scenario, with details on the major manufacturers and vendors.
Chapter 4: This section studies the global Mobile Payment Market market based on regions.
About Emergen Research
Emergen Research is a Market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus ona your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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