Global Mobile Payments Market 2024-2028
The mobile payments market is forecasted to grow by USD 143852.4 mn during 2023-2028, accelerating at a CAGR of 28.22% during the forecast period. The report on the mobile payments market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising number of online transactions, rising deployment in emerging economies, and advantages of mobile payments.
Technavio's mobile payments market is segmented as below:
By Location
- Remote payment
- Proximity payment
By Type
- Money transfers
- Merchandise purchases
- Bill payments
- Others
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the growing emergence of mobile apps for shopping transactions as one of the prime reasons driving the mobile payments market growth during the next few years. Also, rise in mobile biometrics for payment and growing demand for payment wallets will lead to sizable demand in the market.
The report on the mobile payments market covers the following areas:
- Mobile payments market sizing
- Mobile payments market forecast
- Mobile payments market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading mobile payments market vendors that include Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., American Express Co., Ant Group, Apple Inc., JPMorgan Chase and Co., Mahindra and Mahindra Ltd., Mastercard Inc., MoneyGram Payment Systems Inc., NASPERS Ltd., One97 Communications Ltd., PayPal Holdings Inc., Samsung Electronics Co. Ltd., Tencent Holdings Ltd., Visa Inc., and Vodafone Group Plc. Also, the mobile payments market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.