Mobile Payments Market is expected to grow at approx. USD 3,300 Billion by 2023, at 32% of CAGR

Mobile Payments Market, By Mode of Payment (m wallet and mobile money), Mode of Transaction (SMS, WAP, NFC), By End Use Application (Retail, Entertainment, Education, Healthcare, Hospitality) – Forecast 2023

Market Research Future Publish a New Report on – “Mobile Payments Market Research Report- Global Forecast 2023”

Exclusive Summery About Report:

Mobile payments market is estimated to have a high growth potential in today’s market. Mobile payments are a cashless medium for day-to-day transactions. A technology that enables users to make immediate cashless payments by use of smartphones. The study indicates that the major driving factor for the mobile payments market is the technological advancements taking place in today’s world. Adoption of advanced technologies like near field communications (NFC) is making it more popular. NFC enables users to establish a connection between two electronic devices like smartphones by just bring them close to each other. Moreover, the other driving factors include the convenience of use, secured approach, speed and offers attached to it.

The global mobile payments market is expected to grow at approx. USD 3,300 Billion by 2023, at 32% of CAGR between 2017 and 2023.

Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Mobile Payments Market Research Report– Global Forecast 2023”.

Mobile Payments Market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including

  • Alipay.com (China),
  • Amazon.com, Inc. (U.S.),
  • Apple (U.S.),
  • Starbucks Corporation (U.S.),
  • PayPal holdings, Inc. (U.S.),
  • General Motors Company (U.S.),
  • MasterCard Incorporated (U.S.),
  • Samsung Group (South Korea),
  • Paytm (India),
  • Square, Inc. (U.S.)

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Regional Analysis:

The regional analysis of mobile payments market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. Due to increasing awareness of mobile banking and mobile wallets, the market share of Asia Pacific is gradually increasing.  It has been observed that, owing to the technological advancements, Europe would dominate the mobile payments market.

Globally, the competition is being dominated by the giants like Apple Pay, Android Pay and Samsung Pay.

Mobile payments market in Asia Pacific region is expected to show a positive growth over the forecast period owing to factors such as improved technologies like NFC, wearable devices etc.

Segments:

Mobile payments market is segmented on the basis of mode payment, mode of transaction and end use application.

Mobile payments market by mode of payment:

  • Mobile wallet/Bank cards
  • Mobile money

Mobile payments market by mode of transaction:

  • Short message service (SMS)
  • Wireless application protocol (WAP)
  • Near field communication (NFC)

Mobile payments market by end use application:

  • Retail
  • Education
  • Entertainment
  • Healthcare
  • Hospitality

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Intended Audience

  • Technology investors
  • Retailers
  • Consumer wearable manufacturers
  • Healthcare-related product manufacturers
  • Integrated device manufacturers (IDMs)
  • Original equipment manufacturers (OEMs)
  • Smart grid integrators
  • Surface mount component device distributors and providers
  • Research/Consultancy firms

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