Global mobile payment market to grow at a CAGR of 35.55% during the period 2017-2021

Radiant insight Published “global mobile payment market to grow at a CAGR of 35.55% during the period 2017-2021”

Description

Mobile payments are the payments made using mobile devices such as cell phones or tablets, using mobile money or mobile wallets. Technological innovations and rapid technological advances are changing the way people connect with each other and manage their finances. With the advent of mobile banks, users are able to conduct monetary transactions with ease. Mobile banking is an affordable alternative to the traditional banking ways.

Technavio's analysts forecast the global mobile payment market to grow at a CAGR of 35.55% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global mobile payment market for 2017-2021. To calculate the market size, the report considers mobile payment transaction values.

The market is divided into the following segments based on geography:

• Americas

• APAC

• EMEA

Technavio's report, Global Mobile Payment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

• FIS

• Gemalto

• MasterCard

• PayPal

• Alibaba Group

• Apple

• Google

• Samsung Electronics

Other prominent vendors

• Bharti Airtel

• American Express

• Bank of America

• Citrus Payment Solutions

• LevelUp

• MobiKwik

• One97 Communication

• Orange

• Oxigen

• Square

• Venmo

• Visa

• ZipCash Card Services

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Market driver

• Increasing use of mobile devices

• For a full, detailed list, view our report

Market challenge

• Security of mobile payment apps

• For a full, detailed list, view our report

Market trend

• Cloud-based mobile payment solutions

• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2021 and what will the growth rate be?

• What are the key market trends?

• What is driving this market?

• What are the challenges to market growth?

• Who are the key vendors in this market space?

Table of Contents

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

• Market outline

PART 05: Market landscape

• Market overview

• Market size and forecast

• Five forces analysis

PART 06: Market segmentation by mode of transaction

• Global mobile payment market by mode of transaction

• Global mobile payment market by WAP

• Global mobile payment market by direct carrier billing

• Global mobile payment market by SMS

• Global mobile payment market by NFC

PART 07: Market segmentation by type of payment

• Global mobile payment market by type of payment

• Global mobile payment market by mobile wallet

• Global mobile payment market by mobile money

PART 08: Geographical segmentation

• Global mobile payment market by geography

• Mobile payment market in APAC

• Mobile payment market in Americas

• Mobile payment market in EMEA

PART 09: Key leading countries

• China

• US

• UK

PART 10: Decision framework

PART 11: Drivers and challenges

• Market drivers

• Market challenges

PART 12: Market trends

• Cloud-based mobile payment solutions

• Emergence of mPOS

• Popularity of bitcoins

PART 13: Vendor landscape

• Competitive scenario

• Mobile money vendors

• Mobile wallet vendors

• Other prominent vendors

PART 14: Appendix

• List of abbreviations

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