Product Code: 136730-05-23
Mobile Payments Market Expected to Grow at 32.2% by 2031. The research study provides profound knowledge of the mobile payments market composition, evaluates and overviews its multidimensional aspects & applications. It expresses both its quantitative and qualitative patterns of investigative research. The research study bifurcates the global mobile payments market on the basis of different parameters and assesses each section as well as sub-section of global mobile payments market.
The factors that motivate and restrict the growth of the global mobile payments industry are mentioned and elaborated in depth in this research study. It assists professionals in taking important business decisions to promote their business. The study also explores areas having potentialities for future market growth. It also provides information about emerging markets, profitable markets, stagnant markets, declining markets, saturated markets or mature markets along with growth benefits.
Using SWOT analysis model, Porter's five forces analysis model and value chain analysis model, this research study explains the competitive scenario and helps in obtaining the sales forecasts for the same. The main areas on which the report focuses on related to each firm are key competitor profile overview/description, monetary & accounting (transaction) details, business plans and recent developments.
Overview
Innovations in mobiles have drastically transformed the lives of the persons around the globe. Since last few years, mobile equipments are available with multiple features and functions. Mobiles now have become comprehensive electronic (digital) equipments. Due to this the incorporation of financial services (and transactions) with mobile equipments complemented with inexpensive internet connectivity is mainly responsible for changing the use of mobile equipments solely from a communicating device to a money transferring equipment. This has led to new era in the field of wireless technology where financial services are offered via mobiles which are also termed as mobile financial services or mobile payments or mobile transfers or mobile money.
Global Mobile Payments market is concerned with the payment of bills by using mobile devices. It includes main modes of mobile payments (or transactions) such as direct mobile billing, SMS transactions, near field communications services and WAP (Mobile Web Payments) and other modes of mobile payments like USSD, financial service providers and smart phone applications.
Financial Service Providers include mobile network operators (MNOs), payment processing agents, banks and payment platform providers like Sony Ericsson & Google. With the widespread use of mobile payments services by users and traders, they are broadly gaining traction across diverse industrial & business verticals such information technology industry, BFSI( Bank & Financial Sector and Institutions), health care industry, retail industry, hospitality & travel industry, logistics & transportation industry and media & entertainment industry.
Main reason behind use of mobile device as a tool for making payment or carrying financial transactions is to avoid use of currency notes, currency coins, credit cards, debit cards, plastic media and bank transactions. In addition to this, these kind of money transactions are cashless transactions and so are secured compared to other kind of transactions. Micropayments have become popular as the mode of payments in global mobile payments market.
This report analyzes recent market trends, future growth potential, market growth drivers, factors restricting market growth, opportunities, market structure, market challenges, market future predictions and best practices in the global mobile payments market. The report also examines market growth potential, market size and sales forecasts across different regions such as Europe, Asia-Pacific, North America and Rest of World.
Market Players
Google (Alphabet Inc.), Alibaba Group Holdings Limited, Amazon.com Inc., Apple Inc., American Express Company, M Pesa, Money Gram International, PayPal Holdings Inc., Samsung Electronics Co. Ltd., Visa Inc., WeChat (Tencent Holdings Limited) And Other Notable Players.
Historical & Forecast Period
This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2031.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Mobile Payments market are as follows:
- Research and development budgets of manufacturers and government spending
- Revenues of key companies in the market segment
- Number of end users and consumption volume, price and value.
Geographical revenues generate by countries considered in the report:
Micro and macro environment factors that are currently influencing the Mobile Payments market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
Market Segmentation
Technology
- Near Field Communication
- Direct Mobile Billing
- Mobile Web Payment
- SMS
- Interactive Voice Response System
- Mobile App
- Others
Type
Location
- Remote Payment
- Proximity Payment
End-use
- BFSI
- Healthcare
- IT & Telecom
- Media & Entertainment
- Retail & E-commerce
- Transportation
- Others
Region Segment (2021-2031; US$ Million)
- North America
- U.S.
- Canada
- Rest of North America
- UK and European Union
- UK
- Germany
- Spain
- Italy
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC
- Africa
- Rest of Middle East and Africa
Key questions answered in this report:
- What are the key micro and macro environmental factors that are impacting the growth of Mobile Payments market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2031.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Mobile Payments market?
- Which is the largest regional market for Mobile Payments market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Mobile Payments market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Mobile Payments market worldwide?
Table of Contents
1. Preface
- 1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.3.1. Phase I - Secondary Research
- 1.3.2. Phase II - Primary Research
- 1.3.3. Phase III - Expert Panel Review
- 1.3.4. Assumptions
- 1.3.5. Approach Adopted
2. Executive Summary
- 2.1. Market Snapshot: Global Mobile Payments Market
- 2.2. Global Mobile Payments Market, By Technology, 2022 (US$ Million)
- 2.3. Global Mobile Payments Market, By Type, 2022 (US$ Million)
- 2.4. Global Mobile Payments Market, By Location, 2022 (US$ Million)
- 2.5. Global Mobile Payments Market, By End-use, 2022 (US$ Million)
- 2.6. Global Mobile Payments Market, By Geography, 2022 (US$ Million)
- 2.7. Attractive Investment Proposition by Geography, 2022
3. Mobile Payments Market: Competitive Analysis
- 3.1. Market Positioning of Key Mobile Payments Market Vendors
- 3.2. Strategies Adopted by Mobile Payments Market Vendors
- 3.3. Key Industry Strategies
- 3.4. Tier Analysis 2022 Versus 2031
4. Mobile Payments Market: Macro Analysis & Market Dynamics
- 4.1. Introduction
- 4.2. Global Mobile Payments Market Value, 2021 - 2031, (US$ Million)
- 4.3. Market Dynamics
- 4.3.1. Market Drivers
- 4.3.2. Market Restraints
- 4.3.3. Key Challenges
- 4.3.4. Key Opportunities
- 4.4. Impact Analysis of Drivers and Restraints
- 4.5. See-Saw Analysis
5. Mobile Payments Market: By Technology, 2021-2031, USD (Million)
- 5.1. Market Overview
- 5.2. Growth & Revenue Analysis: 2022 Versus 2031
- 5.3. Market Segmentation
- 5.3.1. Near Field Communication
- 5.3.2. Direct Mobile Billing
- 5.3.3. Mobile Web Payment
- 5.3.4. SMS
- 5.3.5. Interactive Voice Response System
- 5.3.6. Mobile App
- 5.3.7. Others
6. Mobile Payments Market: By Type, 2021-2031, USD (Million)
- 6.1. Market Overview
- 6.2. Growth & Revenue Analysis: 2022 Versus 2031
- 6.3. Market Segmentation
- 6.3.1. B2B
- 6.3.2. B2C
- 6.3.3. B2G
- 6.3.4. Others
7. Mobile Payments Market: By Location, 2021-2031, USD (Million)
- 7.1. Market Overview
- 7.2. Growth & Revenue Analysis: 2022 Versus 2031
- 7.3. Market Segmentation
- 7.3.1. Remote Payment
- 7.3.2. Proximity Payment
8. Mobile Payments Market: By End-use, 2021-2031, USD (Million)
- 8.1. Market Overview
- 8.2. Growth & Revenue Analysis: 2022 Versus 2031
- 8.3. Market Segmentation
- 8.3.1. BFSI
- 8.3.2. Healthcare
- 8.3.3. IT & Telecom
- 8.3.4. Media & Entertainment
- 8.3.5. Retail & E-commerce
- 8.3.6. Transportation
- 8.3.7. Others
9. North America Mobile Payments Market, 2021-2031, USD (Million)
- 9.1. Market Overview
- 9.2. Mobile Payments Market: By Technology, 2021-2031, USD (Million)
- 9.3. Mobile Payments Market: By Type, 2021-2031, USD (Million)
- 9.4. Mobile Payments Market: By Location, 2021-2031, USD (Million)
- 9.5. Mobile Payments Market: By End-use, 2021-2031, USD (Million)
- 9.6.Mobile Payments Market: By Region, 2021-2031, USD (Million)
- 9.6.1.North America
- 9.6.1.1. U.S.
- 9.6.1.1.1. Mobile Payments Market: By Technology, 2021-2031, USD (Million)
- 9.6.1.1.1. Mobile Payments Market: By Type, 2021-2031, USD (Million)
- 9.6.1.1.1. Mobile Payments Market: By Location, 2021-2031, USD (Million)
- 9.6.1.1.1. Mobile Payments Market: By End-use, 2021-2031, USD (Million)
- 9.6.1.2. Canada
- 9.6.1.2.1. Mobile Payments Market: By Technology, 2021-2031, USD (Million)
- 9.6.1.2.1. Mobile Payments Market: By Type, 2021-2031, USD (Million)
- 9.6.1.2.1. Mobile Payments Market: By Location, 2021-2031, USD (Million)
- 9.6.1.2.1. Mobile Payments Market: By End-use, 2021-2031, USD (Million)
- 9.6.1.3. Rest of North America
- 9.6.1.3.1. Mobile Payments Market: By Technology, 2021-2031, USD (Million)
- 9.6.1.3.1. Mobile Payments Market: By Type, 2021-2031, USD (Million)
- 9.6.1.3.1. Mobile Payments Market: By Location, 2021-2031, USD (Million)
- 9.6.1.3.1. Mobile Payments Market: By End-use, 2021-2031, USD (Million)
10. UK and European Union Mobile Payments Market, 2021-2031, USD (Million)
- 10.1. Market Overview
- 10.2. Mobile Payments Market: By Technology, 2021-2031, USD (Million)
- 10.3. Mobile Payments Market: By Type, 2021-2031, USD (Million)
- 10.4. Mobile Payments Market: By Location, 2021-2031, USD (Million)
- 10.5. Mobile Payments Market: By End-use, 2021-2031, USD (Million)
- 10.6.Mobile Payments Market: By Region, 2021-2031, USD (Million)
- 10.6.1.UK and European Union
- 10.6.1.1. UK
- 10.6.1.1.1. Mobile Payments Market: By Technology, 2021-2031, USD (Million)
- 10.6.1.1.1. Mobile Payments Market: By Type, 2021-2031, USD (Million)
- 10.6.1.1.1. Mobile Payments Market: By Location, 2021-2031, USD (Million)
- 10.6.1.1.1. Mobile Payments Market: By End-use, 2021-2031, USD (Million)
- 10.6.1.2. Germany
- 10.6.1.2.1. Mobile Payments Market: By Technology, 2021-2031, USD (Million)
- 10.6.1.2.1. Mobile Payments Market: By Type, 2021-2031, USD (Million)
- 10.6.1.2.1. Mobile Payments Market: By Location, 2021-2031, USD (Million)
- 10.6.1.2.1. Mobile Payments Market: By End-use, 2021-2031, USD (Million)
- 10.6.1.3. Spain
- 10.6.1.3.1. Mobile Payments Market: By Technology, 2021-2031, USD (Million)
- 10.6.1.3.1. Mobile Payments Market: By Type, 2021-2031, USD (Million)
- 10.6.1.3.1. Mobile Payments Market: By Location, 2021-2031, USD (Million)
- 10.6.1.3.1. Mobile Payments Market: By End-use, 2021-2031, USD (Million)
- 10.6.1.4. Italy
- 10.6.1.4.1. Mobile Payments Market: By Technology, 2021-2031, USD (Million)
- 10.6.1.4.1. Mobile Payments Market: By Type, 2021-2031, USD (Million)
- 10.6.1.4.1. Mobile Payments Market: By Location, 2021-2031, USD (Million)
- 10.6.1.4.1. Mobile Payments Market: By End-use, 2021-2031, USD (Million)
- 10.6.1.5. France
- 10.6.1.5.1. Mobile Payments Market: By Technology, 2021-2031, USD (Million)
- 10.6.1.5.1. Mobile Payments Market: By Type, 2021-2031, USD (Million)
- 10.6.1.5.1. Mobile Payments Market: By Location, 2021-2031, USD (Million)
- 10.6.1.5.1. Mobile Payments Market: By End-use, 2021-2031, USD (Million)
- 10.6.1.6. Rest of Europe
- 10.6.1.6.1. Mobile Payments Market: By Technology, 2021-2031, USD (Million)
- 10.6.1.6.1. Mobile Payments Market: By Type, 2021-2031, USD (Million)
- 10.6.1.6.1. Mobile Payments Market: By Location, 2021-2031, USD (Million)
- 10.6.1.6.1. Mobile Payments Market: By End-use, 2021-2031, USD (Million)
11. Asia Pacific Mobile Payments Market, 2021-2031, USD (Million)
- 11.1. Market Overview
- 11.2. Mobile Payments Market: By Technology, 2021-2031, USD (Million)
- 11.3. Mobile Payments Market: By Type, 2021-2031, USD (Million)
- 11.4. Mobile Payments Market: By Location, 2021-2031, USD (Million)
- 11.5. Mobile Payments Market: By End-use, 2021-2031, USD (Million)
- 11.6.Mobile Payments Market: By Region, 2021-2031, USD (Million)
- 11.6.1.Asia Pacific
- 11.6.1.1. China
- 11.6.1.1.1. Mobile Payments Market: By Technology, 2021-2031, USD (Million)
- 11.6.1.1.1. Mobile Payments Market: By Type, 2021-2031, USD (Million)
- 11.6.1.1.1. Mobile Payments Market: By Location, 2021-2031, USD (Million)
- 11.6.1.1.1. Mobile Payments Market: By End-use, 2021-2031, USD (Million)
- 11.6.1.2. Japan
- 11.6.1.2.1. Mobile Payments Market: By Technology, 2021-2031, USD (Million)
- 11.6.1.2.1. Mobile Payments Market: By Type, 2021-2031, USD (Million)
- 11.6.1.2.1. Mobile Payments Market: By Location, 2021-2031, USD (Million)
- 11.6.1.2.1. Mobile Payments Market: By End-use, 2021-2031, USD (Million)
- 11.6.1.3. India
- 11.6.1.3.1. Mobile Payments Market: By Technology, 2021-2031, USD (Million)
- 11.6.1.3.1. Mobile Payments Market: By Type, 2021-2031, USD (Million)
- 11.6.1.3.1. Mobile Payments Market: By Location, 2021-2031, USD (Million)
- 11.6.1.3.1. Mobile Payments Market: By End-use, 2021-2031, USD (Million)
- 11.6.1.4. Australia
- 11.6.1.4.1. Mobile Payments Market: By Technology, 2021-2031, USD (Million)
- 11.6.1.4.1. Mobile Payments Market: By Type, 2021-2031, USD (Million)
- 11.6.1.4.1. Mobile Payments Market: By Location, 2021-2031, USD (Million)
- 11.6.1.4.1. Mobile Payments Market: By End-use, 2021-2031, USD (Million)
- 11.6.1.5. South Korea
- 11.6.1.5.1. Mobile Payments Market: By Technology, 2021-2031, USD (Million)
- 11.6.1.5.1. Mobile Payments Market: By Type, 2021-2031, USD (Million)
- 11.6.1.5.1. Mobile Payments Market: By Location, 2021-2031, USD (Million)
- 11.6.1.5.1. Mobile Payments Market: By End-use, 2021-2031, USD (Million)
- 11.6.1.6. Rest of Asia Pacific
- 11.6.1.6.1. Mobile Payments Market: By Technology, 2021-2031, USD (Million)
- 11.6.1.6.1. Mobile Payments Market: By Type, 2021-2031, USD (Million)
- 11.6.1.6.1. Mobile Payments Market: By Location, 2021-2031, USD (Million)
- 11.6.1.6.1. Mobile Payments Market: By End-use, 2021-2031, USD (Million)
12. Latin America Mobile Payments Market, 2021-2031, USD (Million)
- 12.1. Market Overview
- 12.2. Mobile Payments Market: By Technology, 2021-2031, USD (Million)
- 12.3. Mobile Payments Market: By Type, 2021-2031, USD (Million)
- 12.4. Mobile Payments Market: By Location, 2021-2031, USD (Million)
- 12.5. Mobile Payments Market: By End-use, 2021-2031, USD (Million)
- 12.6.Mobile Payments Market: By Region, 2021-2031, USD (Million)
- 12.6.1.Latin America
- 12.6.1.1. Brazil
- 12.6.1.1.1. Mobile Payments Market: By Technology, 2021-2031, USD (Million)
- 12.6.1.1.1. Mobile Payments Market: By Type, 2021-2031, USD (Million)
- 12.6.1.1.1. Mobile Payments Market: By Location, 2021-2031, USD (Million)
- 12.6.1.1.1. Mobile Payments Market: By End-use, 2021-2031, USD (Million)
- 12.6.1.2. Mexico
- 12.6.1.2.1. Mobile Payments Market: By Technology, 2021-2031, USD (Million)
- 12.6.1.2.1. Mobile Payments Market: By Type, 2021-2031, USD (Million)
- 12.6.1.2.1. Mobile Payments Market: By Location, 2021-2031, USD (Million)
- 12.6.1.2.1. Mobile Payments Market: By End-use, 2021-2031, USD (Million)
- 12.6.1.3. Rest of Latin America
- 12.6.1.3.1. Mobile Payments Market: By Technology, 2021-2031, USD (Million)
- 12.6.1.3.1. Mobile Payments Market: By Type, 2021-2031, USD (Million)
- 12.6.1.3.1. Mobile Payments Market: By Location, 2021-2031, USD (Million)
- 12.6.1.3.1. Mobile Payments Market: By End-use, 2021-2031, USD (Million)
13. Middle East and Africa Mobile Payments Market, 2021-2031, USD (Million)
- 13.1. Market Overview
- 13.2. Mobile Payments Market: By Technology, 2021-2031, USD (Million)
- 13.3. Mobile Payments Market: By Type, 2021-2031, USD (Million)
- 13.4. Mobile Payments Market: By Location, 2021-2031, USD (Million)
- 13.5. Mobile Payments Market: By End-use, 2021-2031, USD (Million)
- 13.6.Mobile Payments Market: By Region, 2021-2031, USD (Million)
- 13.6.1.Middle East and Africa
- 13.6.1.1. GCC
- 13.6.1.1.1. Mobile Payments Market: By Technology, 2021-2031, USD (Million)
- 13.6.1.1.1. Mobile Payments Market: By Type, 2021-2031, USD (Million)
- 13.6.1.1.1. Mobile Payments Market: By Location, 2021-2031, USD (Million)
- 13.6.1.1.1. Mobile Payments Market: By End-use, 2021-2031, USD (Million)
- 13.6.1.2. Africa
- 13.6.1.2.1. Mobile Payments Market: By Technology, 2021-2031, USD (Million)
- 13.6.1.2.1. Mobile Payments Market: By Type, 2021-2031, USD (Million)
- 13.6.1.2.1. Mobile Payments Market: By Location, 2021-2031, USD (Million)
- 13.6.1.2.1. Mobile Payments Market: By End-use, 2021-2031, USD (Million)
- 13.6.1.3. Rest of Middle East and Africa
- 13.6.1.3.1. Mobile Payments Market: By Technology, 2021-2031, USD (Million)
- 13.6.1.3.1. Mobile Payments Market: By Type, 2021-2031, USD (Million)
- 13.6.1.3.1. Mobile Payments Market: By Location, 2021-2031, USD (Million)
- 13.6.1.3.1. Mobile Payments Market: By End-use, 2021-2031, USD (Million)
14. Company Profile
- 14.1. Google (Alphabet Inc.)
- 14.1.1. Company Overview
- 14.1.2. Financial Performance
- 14.1.3. Product Portfolio
- 14.1.4. Strategic Initiatives
- 14.2. Alibaba Group Holdings Limited
- 14.2.1. Company Overview
- 14.2.2. Financial Performance
- 14.2.3. Product Portfolio
- 14.2.4. Strategic Initiatives
- 14.3. Amazon.com Inc.
- 14.3.1. Company Overview
- 14.3.2. Financial Performance
- 14.3.3. Product Portfolio
- 14.3.4. Strategic Initiatives
- 14.4. Apple Inc.
- 14.4.1. Company Overview
- 14.4.2. Financial Performance
- 14.4.3. Product Portfolio
- 14.4.4. Strategic Initiatives
- 14.5. American Express Company
- 14.5.1. Company Overview
- 14.5.2. Financial Performance
- 14.5.3. Product Portfolio
- 14.5.4. Strategic Initiatives
- 14.6. M Pesa
- 14.6.1. Company Overview
- 14.6.2. Financial Performance
- 14.6.3. Product Portfolio
- 14.6.4. Strategic Initiatives
- 14.7. Money Gram International
- 14.7.1. Company Overview
- 14.7.2. Financial Performance
- 14.7.3. Product Portfolio
- 14.7.4. Strategic Initiatives
- 14.8. PayPal Holdings Inc.
- 14.8.1. Company Overview
- 14.8.2. Financial Performance
- 14.8.3. Product Portfolio
- 14.8.4. Strategic Initiatives
- 14.9. Samsung Electronics Co. Ltd.
- 14.9.1. Company Overview
- 14.9.2. Financial Performance
- 14.9.3. Product Portfolio
- 14.9.4. Strategic Initiatives
- 14.10. Visa Inc.
- 14.10.1. Company Overview
- 14.10.2. Financial Performance
- 14.10.3. Product Portfolio
- 14.10.4. Strategic Initiatives
- 14.11. WeChat (Tencent Holdings Limited)
- 14.11.1. Company Overview
- 14.11.2. Financial Performance
- 14.11.3. Product Portfolio
- 14.11.4. Strategic Initiatives
- 14.12. Other Notable Players
- 14.12.1. Company Overview
- 14.12.2. Financial Performance
- 14.12.3. Product Portfolio
- 14.12.4. Strategic Initiatives