iCrowdNewswire   Jan 11, 2021  12:21 PM ET

Market Analysis 

The global mobile payments market size is predicted to touch USD 3,300 billion at a 32% CAGR between 2017- 2023, states the recent Market Research Future (MRFR) analysis. Mobile payment, simply put, is the payment of services or goods or transfer of money with smartphones/mobiles. This form of payment is used in different operations such as buying movie tickets, smartphone game upgrades, ordering takeaway food, and others.

Market Segmentation 

The MRFR report highlights an inclusive segmental analysis of the global mobile payments market based on end use application, mode of transaction, and mode of payment.

By mode of payment, the global mobile payments market is segmented into mobile wallet/bank cards and mobile money. Of these, the mobile wallet/bank cards segment will lead the market over the forecast period.

By mode of transaction, the global mobile payments market is segmented into near field communication (NFC), short message service (SMS), and wireless application protocol (WAP). Of these, the near field communication (NFC) segment will dominate the market over the forecast period.

By mode of application, the global mobile payments market is segmented into hospitality, retail, entertainment, healthcare, education, and others. Of these, the retail segment will have a major share in the market over the forecast period.

Get Free Sample Copy Report @ https://www.marketresearchfuture.com/sample_request/2059

Regional Analysis

Based on the region, the global mobile payments market covers the growth opportunities and recent trends across Europe, North America, the Asia Pacific (APAC), and the Rest of the World (RoW). Of these, the APAC region will dominate the market over the forecast period. The rise in smartphone users, growing awareness about mobile banking, rising internet penetration, favorable government approaches to promote the digital economy, and heavy investments to promote mobile solutions and mobile payments are adding to the global mobile payment technologies market growth in the region.

The global mobile payment technologies market in Europe is predicted to hold the second-largest share over the forecast period. Established technological infrastructure, the involvement of global industry players, high literacy rates, awareness about digital systems among European citizens, and innovative payment solutions through smartphones are adding to the global mobile payment technologies market growth in the region. Germany holds the utmost share in the market.

The global mobile payment technologies market in North America is predicted to have favorable growth over the forecast period. Rich advances in technology in Canada and the US, the presence of global industry players, developed payment methods, and increasing adoption of reward systems and payback are adding to the global mobile payment technologies market growth in the region. Canada & the US possess a maximum share in the market.

The mobile payment technologies market in the RoW is predicted to have sound growth over the forecast period. Rising penetration of smartphones and the internet, less use of credit cards, and increasing use of mobile phones are adding to the global mobile payment technologies market growth in the region.

Access Complete Report @ https://www.marketresearchfuture.com/reports/mobile-wallet-market-2059

About Market Research Future:

Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.

The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research. 

Contact:
Market Research Future
528, Amanora Chambers, Magarpatta Road, Hadapsar
Pune – 411028, Maharashtra, India
Email: sales@marketresearchfuture.com

Contact Information:

sales@marketresearchfuture.com


iCrowdNewswire

Keywords:    Mobile Wallet Market, Mobile Wallet Market Size, Mobile Wallet Market Trends, Mobile Wallet Market Growth, Mobile Wallet Market Analysis, Mobile Wallet Market Forecast