Summary of Mobile Payment Market Report.
Global Mobile Payment Market industry valued approximately USD 253.2 billion in 2016 is anticipated to grow with a healthy growth rate of more than 33.40% over the forecast period 2017-2025. The major factors driving the growth is due to increased penetration of smartphones, growth in m-commerce industry, change in lifestyle, and the need for quick and hassle-free transaction.
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The objective of the study is to define market sizes of different segments & countries in previous years and to forecast the values to the next eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as drivers & restraining factors which will define the future growth of the market. Additionally, it will also incorporate the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Mode of Transaction:
§ Short Message Service(SMS)
§ Near Field Communication(NFC)
§ WAP
Types of Mobile Payment:
§ Mobile Wallet/Bank Cards
§ Mobile Money
§ Livestock Monitoring
§ Agriculture Robots
§ Other
Application:
§ Energy & Utilities
§ Hospitality & Transportation
§ Healthcare
§ Retail
§ Entertainment
§ Others
Furthermore, the years considered for the study are as follows:
Historical year – 2015
Base year – 2016
Forecast period – 2017 to 2025
Some of the key manufacturers involved in the market are Vodacom Group Limited, Orange SA, Bharti Airtel Limited, Mastercard Incorporated, Safaricom Limited, Paypal Holdings, Inc, and MTN Group Limited. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and focuses on continuous technology innovations are also strategies adopted by the major players. The companies are also trying to dominate the market by investing in research and development.
Target Audience of the Mobile Payment Market Study
§ Key Consulting Companies & Advisors
§ Large, medium-sized, and small enterprises
§ Venture capitalists
§ Value-Added Resellers (VARs)
§ Third-party knowledge providers
§ Investment bankers
§ Investors
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The report answers several questions about the Mobile Payment market. These questions include:
What will be the market size of Mobile Payment market in 2025?
What will be the Mobile Payment growth rate in 2025?
Which key factors drive the Mobile Payment market?
Who are the key market players for Mobile Payment?
Which strategies are used by top players in the Mobile Payment market?
What are the key market trends in Mobile Payment?
Which trends and challenges will influence the growth of Mobile Payment market?
Which barriers do the Mobile Payment markets face?
What are the market opportunities for vendors and what are the threats faced by them?
What are the most important outcomes of the five forces analysis of the Mobile Payment market?
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