(Companies: PayPal, Inc., MasterCard, Bharti Airtel, Google, Inc., and Apple Inc.)
The global mobile payment technologies market was valued at about $36.58 billion in 2018. North America is the largest region in the mobile payment technologies market, followed by Asia Pacific.
The mobile payment technologies market consist of sales of mobile payment technologies and related services. This market deals with a method of payment that does not involve cash or cheques, but allows consumers to make immediate payments using portable electronic devices such as smartphones or tablets.
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The global mobile payment technologies market was valued at about $36.58 billion in 2018 is expected to grow to $118.36 billion at a rate of about 34.1% through 2022. A cashless economy is one in which financial transactions are not done with banknotes or physical currency, but via digital modes of payment. In this regard, governments across the world along with central banks are taking several initiatives to move towards a cashless economy, which ultimately leads to the growth of the mobile payment technologies market.
However, security issues and threat of data breach is an important restraint on the mobile payment technologies market.
The integration of Internet of Things (IoT) with mobile payments is an emerging trend in the mobile payment technologies market. IoT is a system of interrelated computing devices, mechanical and digital machines, or people that can transfer data over a network without requiring any human-to-human or human-to-computer interaction. The integration of IoT in mobile payment technologies eases the payment experience of consumers and merchants, ensuring smooth and efficient payments on both ends. Due to increased convenience and safety provided by IoT-based mobile payments, many people are moving towards mobile payment technologies.
Major players in the market are PayPal, Inc., MasterCard, Bharti Airtel, Google, Inc., and Apple Inc. Google LLC is an American multinational technology company that specializes in internet-related services and products, which include online advertising technologies, search engine, cloud computing, software, and hardware.
Few Points From List of Tables:
Table 1: Global Historic Market Growth, 2014-2018, $ Billion
- Table 2: Global Forecast Market Growth, 2014-2022F, 2025F, 2030F, $ Billion
- Table 3: Global Mobile Payment Technologies Market, Segmentation By Solutions, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
- Table 4: Global Mobile Payment Technologies Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
- Table 5: Global Mobile Payment Technologies Market, Segmentation By PoS Solutions, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
- Table 6: Global Mobile Payment Technologies Market, Segmentation By In-store Payments Solutions, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
- Table 7: Global Mobile Payment Technologies Market, Segmentation By Remote Payments, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
- Table 8: Global Mobile Payment Technologies Market, Split By Region, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
- Table 9: Global Mobile Payment Technologies Market, Split By Country, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
- Table 10: Asia-Pacific, Mobile Payment Technologies Market, Segmentation By Solutions, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
- Table 11: Asia-Pacific, Mobile Payment Technologies Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
- Table 12: China, Mobile Payment Technologies Market, Segmentation By Solutions, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
- Table 13: China, Mobile Payment Technologies Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
- Table 14: India, Mobile Payment Technologies Market, Segmentation By Solutions, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
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