Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
<strong>Mobile</strong> <strong>Payment</strong><br />
<strong>Market</strong><br />
Opportunity Analysis and Industry Forecast, 2016-2023<br />
Global Opportunity Analysis and<br />
Industry Forecast,<br />
2016-2023
Introduction<br />
• The mobile payment market is projected to reach $4,574 billion by 2023,<br />
growing at a CAGR of 33.8% from 2017 to 2023<br />
• Increase is penetration of smartphones, growth in m-commerce industry,<br />
and rise in adoption of mobile payment in emerging economies drive the<br />
growth of the mobile payment market<br />
• In the current scenario, services and goods providers extensively offer<br />
their services through mobile apps to assist customers by providing an easy<br />
and convenient shopping experience<br />
• <strong>Mobile</strong> money is expected to remain the major revenue contributor<br />
throughout the analysis period<br />
• With the advent of hotels and car rental apps, the hospitality &<br />
transportation segment is projected to witness the highest growth rate to<br />
reach $1,087,662 million by 2023
Key Factors of the <strong>Market</strong><br />
• The rise in demand for easy and hassle-free purchase of goods and<br />
services results in increased preference of consumers toward digital and<br />
cashless payments<br />
• With the growth in awareness about mobile wallets, along with launch<br />
of mobile wallet apps such as Google wallets and Paytm, the mobile<br />
wallet segment is expected to witness robust growth in the coming years<br />
• Retail occupied the largest share in the mobile payment market in 2016<br />
• Several global players, such as Apple and Samsung, have designed new<br />
strategies to expand their reach and gain a larger share in the global<br />
mobile payment market
Get PDF Brochure of this Insight @ https://www.alliedmarketresearch.com/requestsample/1778
Key Benefits of the <strong>Market</strong><br />
• The SMS segment accounted for the highest share of the mobile payment<br />
industry by mode of transaction in 2016, growing at a CAGR of 33.5% from<br />
2017 to 2023<br />
• The mobile money systems market by type of mobile payment generated the<br />
highest revenue share in 2016 and is projected to grow at a rate of 33.3%<br />
• The U.S. mobile payment market generated the highest share, valued at<br />
$58,638 million, in terms of revenue in 2016<br />
• The mobile payment market for hospitality & transportation application is<br />
expected to witness the highest growth rate during the forecast period
<strong>Market</strong> Segmentation
<strong>Market</strong> Segmentation
Key Players of the <strong>Market</strong><br />
• Orange S.A.<br />
• Vodacom Group Limited<br />
• MasterCard Incorporated<br />
• Bharti Airtel Limited<br />
• MTN Group Limited<br />
• Safaricom Limited<br />
• PayPal Holdings, Inc.<br />
• Econet Wireless Zimbabwe Limited<br />
• Millicom International Cellular SA<br />
• Mahindra Comviva<br />
For purchase enquiry, visit @<br />
https://www.alliedmarketresearch.com/purchase-enquiry/1778
Contact Allied <strong>Market</strong> Research<br />
About Allied <strong>Market</strong> Research:<br />
Allied <strong>Market</strong> Research (AMR) is a full-service market research and business-consulting<br />
wing of Allied Analytics LLP based in Portland, Oregon. Allied <strong>Market</strong> Research provides<br />
global enterprises as well as medium and small businesses with unmatched quality of<br />
"<strong>Market</strong> Research Reports" and "Business Intelligence Solutions". AMR has a targeted<br />
view to provide business insights and consulting to assist its clients to make strategic<br />
business decisions and achieve sustainable growth in their respective market domain.<br />
Contact Us:<br />
5933 NE Win Sivers Drive,<br />
#205, Portland, OR 97220,<br />
United States.<br />
Int'l: +1-503-894-6022<br />
Toll Free: +1-800-792-5285<br />
Fax: +1-800-792-5285
Thank You!<br />
For More Details<br />
Visit us at<br />
https://www.alliedmarketresearch.com/mobile-payments-market<br />
Follow Us On:
Change language