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Mobile Payment Market Analysis 2022: Industry Overview, Growth, Trends, Opportunities and Forecast Till 2027

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Mobile Payment Market Analysis 2022: Industry Overview, Growth, Trends, Opportunities and Forecast Till 2027

May 10
22:53 2022
Mobile Payment Market Analysis 2022: Industry Overview, Growth, Trends, Opportunities and Forecast Till 2027
Looking forward, IMARC Group expects the global mobile payment market to reach US$ 6,007 Billion by 2027, exhibiting at a CAGR of 22.13% during 2022-2027.

According to IMARC Group’s latest report, titled “Mobile Payment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global market reached a value of US$ 1,786 Billion in 2021. Mobile payment is an e-payment method that involves the use of mobile devices for authorizing, initiating and confirming monetary transactions. These payments are facilitated by mobile applications that are directly linked to the financial credentials of individuals. The use of these solutions ensures enhanced safety while making a payment due to the improved data security offered by these e-payment solutions. Consequently, it finds extensive applications across the retail, food, e-commerce and entertainment sectors.

Request for a PDF sample of this report: https://www.imarcgroup.com/mobile-payment-market/requestsample

The market is majorly driven by the widespread penetration of smartphones and continual improvements in the network infrastructure. This has contributed to the escalating requirement for mobile-based payments among individuals. Additionally, the increasing awareness regarding the improved safety of these transactions and the rising integration of mobile payment services with two-factor authentication are also creating a positive outlook for the market.  Some of the other factors contributing to the market growth include the widespread preference for contactless payment methods among the masses and the numerous initiatives undertaken by governing bodies to promote digital payments.  Looking forward, IMARC Group expects the global mobile payment market to reach US$ 6,007 Billion by 2027, exhibiting at a CAGR of 22.13% during 2022-2027.

Checkout Now: https://www.imarcgroup.com/checkout?id=1106&method=1

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Competitive Landscape with Key Players:

  • FIS
  • Gemalto
  • MasterCard
  • PayPal
  • Alipay
  • Visa
  • Apple
  • Google
  • Samsung Electronics
  • Bharti Airtel
  • American Express
  • Bank of America
  • Citrus Payment Solutions
  • LevelUp
  • MobiKwik
  • One97 Communication
  • Orange
  • Oxigen
  • Square
  • Venmo
  • ZipCash Card Services

Market Segmentation:

Breakup by Mode of Transaction:

  • WAP (Wireless Application Protocol)
  • NFC (Near field communications)
  • SMS (Short Message Service)
  • USSD (Unstructured Supplementary Service Data)
  • Others

Breakup by Application:

  • Entertainment
  • Energy and Utilities
  • Healthcare
  • Retail
  • Hospitality and Transportation
  • Others

Breakup by Region:

  • Asia Pacific
  • North America
  • Europe
  • Middle East and Africa
  • Latin America

Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/mobile-payment-market

Note: We are updating our reports, If you want the report with the latest primary and secondary data (2022-2027) including industry trends, market size and Competitive landscape, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

Key highlights of the report:                                                    

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Contact Person: Elena Anderson
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Country: United States
Website: https://www.imarcgroup.com

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