Mobile Payment Technologies Market Size, Share, Opportunities, Future Growth And Business Prospects

By Author: Ketan Wagh
Total Articles: 23
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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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Segmental Analysis

The segmental assessment of the mobile payment technologies market is segmented into deployment model, organization ...
... size, solutions, vertical, and region. The vertical based segmentation of the mobile payment technologies market consists of retail & e-commerce, BFSI, IT & telecommunication, and media & entertainment, among others. Based on the solutions, the mobile payment technologies market is segmented into in-store payments, point-of-sale (PoS) solutions, and remote payments. Furthermore, based on the PoS solutions, the market is bifurcated into sound-wave based payments, near-field communication (NFC) payments, and magnetic secure transmission (MST) payments. Based on the deployments, the global mobile payment technologies market is segmented into on premise, on-cloud, and hybrid. Based on the organization sizes, the mobile payment technologies market is divided into SMEs and large enterprises. On the regions, the mobile payment technologies market is segmented into Asia Pacific, North America, Europe, and the rest of the world.

Regional Overview

The global market for mobile payment technologies has many companies active across the world. The Mobile Payment Technologies Market Trends 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.

Competitive Analysis

The market state is attuned to the development of the contenders in the market. The presence of positive economic factors is estimated to guide the continual and fast-paced development of the market. The need to conserve and optimize the output of resources is estimated to guide the expansion of the international market in the upcoming period. The progress of the market in the future is estimated to be triggered by the investments being funneled into the market at present. The need to innovate the product offerings of individual contributors is predicted to give leverage to boost the overall income power of the market. The simplification of the market processes is estimated to create further situations that lead to an increase in the growth momentum of the market. The employment of analytical tools is estimated to spur the enhancement of the products being distributed at a global scale in the market, to meet the specific requirements of the user demographic in a particular region.

The considerable contenders in the mobile payment technologies market are Worldpay, Paytm, Wirecard, Novatti, ACI Worldwide, Global Payments, BlueSnap, PayU, Dwolla, Stripe, Google, PayPal, Fiserv, First Data, Six Payment Services, and Paysafe among others.

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.