According to a new report published by Reports Monitor titled, “Mobile Payment Technology Market by Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Mobile Payment Technology Market is rapidly growing from 2017 to 2025.
North America is considered to be the leading region for this market, owing to early acceptance of new technology and advantages of easy, secure, and convenient monetary transaction are increasing the growth of North America market.
Mobile payment includes Point-of-Sale (PoS) transaction made or received with a mobile device. This technology has become more popular with consumers not only for their convenience as well as for their security, as with different types of mobile PoS systems, credit card information is not saved on the merchant’s PoS terminal.
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The increasing adoption of smart devices and growing mobile data usage is propelling the growth of market. This is mainly because of easy way of communication and increasing demand for convenient mode of transaction. However, rising adoption of immediate payment practices is a major factor for boosting the growth of the market. Additionally, fast development in payment technology has essentially changed the expectations of consumers and businesses for completing transactions. The increasing adoption of wireless technology such as near-field communication (NFC) and mobile point of sale (mPOS) are lifting the market to grow.
The global mobile payment technology market report consists of various tools and techniques including, porters, value chain, market share analysis, and others. The data used in this report is gathered from extensive primary and secondary sources. These report gives the overall idea of market trends, opportunities, restraints, challenges, and others. The report includes major players along with their development strategies such as expansion, acquisition, merger, and others.
Based on the segmentation of market, it is bifurcated into various segments such as by type, by purchase type, by end-use application, and by region. According to the type of market it is classified into proximity payment and remote payment. However, based on the purchase type, the market is bifurcated into airtime transfers & top-ups, money transfers & payments, merchandise & coupons, travel & ticketing, and others. The end-use application includes hospitality & tourism, BFSI, media & entertainment, retail, health care, and others.
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• Who are the major key players in global mobile payment technology market and what are their strategies?
• Which vertical industry is expected to show major growth?
• What segment and region will lead the market and why?
The major companies profiled in the report include: Visa Inc., MasterCard International Inc., American Express Co., Boku Inc., PayPal Inc., Fortumo, Bharti Airtel Ltd., Vodafone Ltd., AT & T Inc., Google Inc., Apple Inc., and Microsoft Corporation.
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Research Scope
The study for Global Mobile Payment Technology Market will provide market size, estimates and forecast based on the following years:
Historic data: 2015
Base Year Estimate: 2016
Forecast: 2017 to 2025
The report has been categorized in two distinctive sections, where the first category titled as Market Overview provides a holistic view of the market, key trends, drivers, challenges/restraints or opportunities with their current and expected impact on the overall industry sales.
Our analyst implement several qualitative tools such as Ansoff’s Matrix, PESTEL analysis, Porter’s five force analysis among other to interpret and represent key industry findings.
The second section of the study provides market size, estimates and forecast for key market segments and regional market. The final part of the report highlights key manufacturers/vendors operating in the associated market.
1.Introduction
1.1 Market Definition
1.2. Market Scope
2.Research Methodology
2.1. Primary Research
2.2. Secondary Sources
2.3. Assumptions & Exclusions
3. Market Overview
3.1. Research Report Segmentation & Scope
3.2. Mobile Payment Technology- Value Chain Analysis
3.3. Key Market Trend Analysis
3.3.1. Market Drivers
3.3.2. Market Restraint/Challenges
3.3.3. Market Opportunities
3.4. Porter’s Five Forces Analysis
3.5. Potential Venture Avenues
3.6. Market Share Analysis, 2016
3.7. Market Overview – Mobile Payment Technology, Product Landscape
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