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Mobile Payment Technologies Market to 2027- Global Analysis and Forecasts by Mode of Transaction, Payment Mode & End User

Press release   •   Feb 07, 2019 13:05 IST

Mobile Payment Technologies Market

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global mobile payment technologies market based on mode of transaction, payment mode, and end use. It also provides market size and forecast till 2027 for overall mobile payment technologies market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The mobile payment technologies market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region. 

Some of the key players influencing the mobile payment technologies market: Microsoft Corporation, Boku, Inc., PayPal, Inc., Alphabet Inc., Apple, Inc., AT&T, Inc., MasterCard International, Inc., Visa, Inc., Ant Financial Services Group, and American Express, Co. among others.

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Mobile payment technologies used for the payment of goods or services via mobiles/smartphones. There are various modes of transaction such as Wireless End Use Protocol (WAP), Near-Field Communication (NFC), and Short Message Service (SMS). These modes of transaction use different payment modes namely: proximity payment and remote payment. Some of the major drivers of the mobile payment technologies market are the rising adoption of advanced technologies such as wearable devices, near field communication (NFC), and mobile point-of-sale (m-POS).

The cash-based transactions are inhibiting the growth of the market the factors which may hamper the mobile payment technologies market. However, the mounting demand of advance payment solution offerings by technology providers and boosting demand for smart appliances such as smartphones are creating opportunities which will increase the demand for mobile payment technologies market in the forecast period.

Besides this, the report analyzes factors affecting the mobile payment technologies market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the market in these regions. Further, the report also includes ecosystem analysis for the mobile payment technologies market.

Also, key mobile payment technologies market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.

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