Global Consumer Mobile Payments Market Insights & Development Status Recorded till 2025

Posted on 2018-09-19 by Mark Hub in Technology // 0 Comments

Albany, US, 2018-Sep-19 — /EPR Network/ —Market Research Hub (MRH) has recently broadcasted a new study to its broad research portfolio, which is titled as “Global Consumer Mobile Payments Market Size, Status and Forecast 2018-2025” provides an in-depth analysis of the Consumer Mobile Payments with the forecast of market size and growth. The analysis includes addressable market, market by volume, and market share by business type and by segment (external and in-house).The research study examines the Consumer Mobile Payments on the basis of a number of criteria, such as the product type, application, and its geographical presence. This report focuses on the global Consumer Mobile Payments status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Consumer Mobile Payments development in United States, Europe and China.

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E-commerce is well and truly here to stay and has revolutionized the retail industry. E-commerce has essentially transformed the world into one big global village, allowing companies to reach customers in far-flung areas. The developing world in particular is predicted to be mobile-first or even mobile-only, and smartphone sales have already eclipsed that of traditional PCs. The comfort and convenience provided by mobile e-commerce is unparalleled and it aims to cater to the demand for niche products as well as traditional ones. Any company that chooses to ignore the mobile e-commerce movement does so at its own peril. The smartphone explosion has led to mobile wallets and contactless payments being adopted slowly but surely. Developing countries are leading the way when it comes to becoming cashless and they have taken to the mobile phone to transfer funds like no other device. A few of the factors responsible for widespread adoption of mobile payments include efficiency, cost-effectiveness, usability, transaction security and interoperability. Even though credit and debit cards currently enjoy a higher rate of usage, the advent of mobile payment Apps and other contactless payments should ensure that they become the go-to-solution for all kinds of payment needs in the future.

As retailers install new payment terminals to enable contactless payment, this will go a long way in solving logistical constraints. With the introduction of Apple Pay, Samsung Pay and Android Pay, the millennial generation is at the forefront of adopting new technology by embracing mobile payments. With this seismic shift in payment methods, it is logical to assume that even older generations will follow millennials and take to mobile payments in retail. Adopting and enabling mobile payments allows companies to invest in newer technology that is far more user-friendly and intuitive. Consumers would also be happy to use these services that would make their daily lives immeasurably easier. A smartphone is a gadget that is more of a necessity than a luxury in the 21stcentury and companies have not been blind to this. They are well-aware that their customers are using their mobile for anything and everything and therefore, mobile payments would be the next logical step in the journey towards a cashless economy. Mobile contactless payments are quickly becoming the new normal method to pay retailers as the need to visit an ATM to withdraw cash is eliminated.
In 2017, the global Consumer Mobile Payments market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2018-2025.

The key players covered in this study
ACI Worldwide
Alphabet
Samsung Electronics
DH
Fidelity National Information Services
Fiserv
Jack Henry & Associates
MasterCard
PayPal Holdings
Square
Visa
Apple

Market segment by Type, the product can be split into
Remote
Proximity

Market segment by Application, split into
Retail
Hospitality & Tourism
IT & Telecommunication
BFSI
Media & Entertainment
Healthcare
Airline
Others

Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America

The study objectives of this report are:
To analyze global Consumer Mobile Payments status, future forecast, growth opportunity, key market and key players.
To present the Consumer Mobile Payments development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.

In this study, the years considered to estimate the market size of Consumer Mobile Payments are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

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Table of Contents

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.4.1 Global Consumer Mobile Payments Market Size Growth Rate by Type (2013-2025)
1.4.2 Remote
1.4.3 Proximity
1.5 Market by Application
1.5.1 Global Consumer Mobile Payments Market Share by Application (2013-2025)
1.5.2 Retail
1.5.3 Hospitality & Tourism
1.5.4 IT & Telecommunication
1.5.5 BFSI
1.5.6 Media & Entertainment
1.5.7 Healthcare
1.5.8 Airline
1.5.9 Others
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Consumer Mobile Payments Market Size
2.2 Consumer Mobile Payments Growth Trends by Regions
2.2.1 Consumer Mobile Payments Market Size by Regions (2013-2025)
2.2.2 Consumer Mobile Payments Market Share by Regions (2013-2018)
2.3 Industry Trends
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Opportunities

3 Market Share by Key Players
3.1 Consumer Mobile Payments Market Size by Manufacturers
3.1.1 Global Consumer Mobile Payments Revenue by Manufacturers (2013-2018)
3.1.2 Global Consumer Mobile Payments Revenue Market Share by Manufacturers (2013-2018)
3.1.3 Global Consumer Mobile Payments Market Concentration Ratio (CR5 and HHI)
3.2 Consumer Mobile Payments Key Players Head office and Area Served
3.3 Key Players Consumer Mobile Payments Product/Solution/Service
3.4 Date of Enter into Consumer Mobile Payments Market
3.5 Mergers & Acquisitions, Expansion Plans

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