Mobile Payments Market Research Report- Global Forecast 2027

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 2027

ID: MRFR/ICT/2146-HCR | February 2021 | Region: Global | 100 pages

Please note that the assessment period of report has been updated from 2017- 2023 to 2020-2027. Cordially fill Sample form for updated data.

Market Synopsis of Mobile Payments Market:


Market Scenario:


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. 


Study Objectives of Mobile Payments Market:



  • To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the mobile payments market.

  • To provide insights about factors affecting the market growth.

  • To analyze the mobile payments market based on porter’s five force analysis etc.

  • To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).

  • To provide country level analysis of the market with respect to the current market size and future perspective.

  • To provide country level analysis of the market for segment on the basis of mode of payment, mode of transaction and end use application.

  • To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.

  • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the mobile payments market. 


Mobile Payments Market Mobile Payments Market


Key Players:


The prominent players in the mobile payments market are - 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.) among others. 


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 


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. 


Intended Audience



  • Mobile Network Operators

  • POS Device Manufacturers

  • Payment Security Service Providers

  • Credit/Debit Card Providers

  • Payment Solution and Service Providers

  • Financial Institutions

  • Government Agencies

  • Merchants and Merchant Acquirers

  • Cloud Payment Solution Providers

  • Smart Card Vendors

  • Professional and Managed Service Providers

  • System Integrators

  • Technology Consultants



Frequently Asked Questions (FAQ) :


The global Mobile Payments market is anticipated to reach revenue generation of 3300 billion by 2023

The global Mobile Payments market is projected to witness substantial growth at a CAGR of 32% over the review period of 2017-2023.

A few major players of the Mobile Payments market are Samsung Group (South Korea), Paytm (India), Square, Inc. (U.S.), MasterCard Incorporated (U.S.), among others.

The benefits of mobile payments such as the convenience of use, secured approach, speed and offers attached to it, are expected to drive the market over the review period.

Mobile payments market in Asia Pacific region is anticipated to show a lucrative growth over the forecast period

TABLE OF CONTENTS
1 MARKET INTRODUCTION

1.1 INTRODUCTION

1.2 SCOPE OF STUDY

1.2.1 RESEARCH OBJECTIVE

1.2.2 ASSUMPTIONS

1.2.3 LIMITATIONS

1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGY

2.1 RESEARCH TYPE

2.2 PRIMARY RESEARCH

2.3 SECONDARY RESEARCH

2.4 FORECAST MODEL

2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST

2.4.2 MARKET SIZE ESTIMATION
3 MARKET DYNAMICS

3.1 INTRODUCTION

3.2 MARKET DRIVERS

3.3 MARKET CHALLENGES

3.4 MARKET OPPORTUNITIES

3.5 MARKET RESTRAINTS
4 EXECUTIVE SUMMARY
5. MARKET FACTOR ANALYSIS

5.1 PORTER’S FIVE FORCES ANALYSIS

5.2 SUPPLY CHAIN ANALYSIS
6 MOBILE PAYMENTS MARKET, BY SEGMENTS

6.1 INTRODUCTION

6.2 MARKET STATISTICS

6.2.1 BY MODE OF PAYMENT

6.2.1.1 MOBILE WALLETS/CARDS

6.2.1.2 MOBILE MONEY

6.2.2 BY MODE OF TRANSACTION

6.2.2.1 SHORT MESSAGE SERVICE (SMS)

6.2.2.2 WIRELESS ACCESS PROTOCOL (WAP)

6.2.2.3 NEAR FIELD COMMUNICATION (NFC)

6.2.2 BY END USE APPLICATION

6.2.2.1 RETAIL

6.2.2.2 ENTERTAINMENT

6.2.2.3 HEALTHCARE

6.2.2.4 EDUCATION

6.2.2.5 OTHERS

6.2.3 BY GEOGRAPHY

6.2.3.1 NORTH AMERICA

6.2.3.2 EUROPE

6.2.3.3 ASIA-PACIFIC

6.2.3.4 REST OF THE WORLD
7 COMPETITIVE ANALYSIS

7.1 MARKET SHARE ANALYSIS

7.2 COMPANY PROFILES

7.2.1 ALIPAY.COM (CHINA)

7.2.2 AMAZON.COM, INC (U.S.)

7.2.3 APPLE (U.S.)

7.2.4 STARBUCKS CORPORATION (U.S.)

7.2.5 PAYPAL HOLDINGS, INC. (U.S.)

7.2.6 GENERAL MOTORS COMPANY (U.S.)

7.2.7 MASTERCARD INCORPORATED (U.S.)

7.2.8 SAMSUNG GROUP (SOUTH KOREA)

7.2.9 SQUARE, INC. (U.S.)

7.2.10 PAYTM (INDIA)

7.2.11 OTHERS


LIST OF TABLES
TABLE 1 MOBILE PAYMENTS MARKET, BY MODE OF PAYMENT

TABLE 2 MOBILE PAYMENTS MARKET, BY MODE OF TRANSACTION

TABLE 3 MOBILE PAYMENTS MARKET, BY END USE APPLICATION

TABLE 4 MOBILE PAYMENTS MARKET, BY GEOGRAPHY

TABLE 4 NORTH AMERICA MOBILE PAYMENTS MARKET, BY MODE OF PAYMENT

TABLE 5 NORTH AMERICA MOBILE PAYMENTS MARKET, BY MODE OF TRANSACTION

TABLE 6 NORTH AMERICA MOBILE PAYMENTS MARKET, BY END USE APPLICATION

TABLE 7 U.S. MOBILE PAYMENTS MARKET, BY MODE OF PAYMENT

TABLE 8 U.S. MOBILE PAYMENTS MARKET, BY MODE OF TRANSACTION

TABLE 9 U.S. MOBILE PAYMENTS MARKET, BY END USE APPLICATION

TABLE 10 CANADA MOBILE PAYMENTS MARKET, BY MODE OF PAYMENT

TABLE 11 CANADA MOBILE PAYMENTS MARKET, BY MODE OF TRANSACTION

TABLE 12 CANADA MOBILE PAYMENTS MARKET, BY END USE APPLICATION

TABLE 13 EUROPE MOBILE PAYMENTS MARKET, BY MODE OF PAYMENT

TABLE 9 EUROPE MOBILE PAYMENTS MARKET, BY MODE OF TRANSACTION

TABLE 10 EUROPE MOBILE PAYMENTS MARKET, BY END USE APPLICATION

TABLE 11 GERMANY MOBILE PAYMENTS MARKET, BY MODE OF PAYMENT

TABLE 12 GERMANY MOBILE PAYMENTS MARKET, BY MODE OF TRANSACTION

TABLE 13 GERMANY MOBILE PAYMENTS MARKET, BY END USE APPLICATION

TABLE 14 FRANCE MOBILE PAYMENTS MARKET, BY MODE OF PAYMENT

TABLE 15 FRANCE MOBILE PAYMENTS MARKET, BY MODE OF TRANSACTION

TABLE 16 FRANCE MOBILE PAYMENTS MARKET, BY END USE APPLICATION

TABLE 17 U.K. MOBILE PAYMENTS MARKET, BY MODE OF PAYMENT

TABLE 18 U.K. MOBILE PAYMENTS MARKET, BY MODE OF TRANSACTION

TABLE 19 U.K. MOBILE PAYMENTS MARKET, BY END USE APPLICATION

TABLE 20 ASIA-PACIFIC MOBILE PAYMENTS MARKET, BY MODE OF PAYMENT

TABLE 21 ASIA-PACIFIC MOBILE PAYMENTS MARKET, BY MODE OF TRANSACTION

TABLE 22 ASIA-PACIFIC MOBILE PAYMENTS MARKET, BY END USE APPLICATION

TABLE 22 REST OF THE WORLD MOBILE PAYMENTS MARKET, BY MODE OF PAYMENT

TABLE 23 REST OF THE WORLD MOBILE PAYMENTS MARKET, BY MODE OF TRANSACTION

TABLE 24 REST OF THE WORLD MOBILE PAYMENTS MARKET, BY END USE APPLICATION

LIST OF FIGURES
FIGURE 1 RESEARCH TYPE

FIGURE 2 MOBILE PAYMENTS MARKET, BY MODE OF PAYMENT (%)

FIGURE 3 MOBILE PAYMENTS MARKET, BY MODE OF TRANSACTION (%)

FIGURE 4 MOBILE PAYMENTS MARKET, BY END USE APPLICATION (%)

FIGURE 5 MOBILE PAYMENTS MARKET, BY GEOGRAPHY

FIGURE 6 NORTH AMERICA MOBILE PAYMENTS MARKET, BY MODE OF PAYMENT (%)

FIGURE 7 NORTH AMERICA MOBILE PAYMENTS MARKET, BY MODE OF TRANSACTION (%)

FIGURE 8 NORTH AMERICA MOBILE PAYMENTS MARKET, BY END USE APPLICATION (%)

FIGURE 9 EUROPE MOBILE PAYMENTS MARKET, BY MODE OF PAYMENT (%)

FIGURE 10 EUROPE MOBILE PAYMENTS MARKET, BY MODE OF TRANSACTION (%)

FIGURE 11 EUROPE MOBILE PAYMENTS MARKET, BY END USE APPLICATION (%)

FIGURE 12 ASIA-PACIFIC MOBILE PAYMENTS MARKET, BY MODE OF PAYMENT (%)

FIGURE 13 ASIA-PACIFIC MOBILE PAYMENTS MARKET, BY MODE OF TRANSACTION (%)

FIGURE 14 ASIA-PACIFIC MOBILE PAYMENTS MARKET, BY END USE APPLICATION (%)

FIGURE 15 ROW MOBILE PAYMENTS MARKET, BY MODE OF PAYMENT (%)

FIGURE 16 ROW MOBILE PAYMENTS MARKET, BY MODE OF TRANSACTION (%)

FIGURE 17 ROW MOBILE PAYMENTS MARKET, BY END USE APPLICATION (%)