Mobile Payment Transactions Market 2021-2031
New study reports, “ Mobile Payment Transactions Market 2021, Global Market Opportunities, Challenges, Strategies, and Forecasts 2031 ” have been added to PersistenceMarketResearch.
Introduction / report summary:
This report contains detailed study of ” mobile payment transactions market “ with SWOT – analysis, ie strength, weakness, opportunities and threats for the organization. The Mobile Payment Transactions market report also offers an in-depth survey of the major players in the market based on an organization’s various goals such as profiling, product overview, production volume, required raw material, and financial health of the organization.
The fundamental dynamics examined in the report are having a significant impact on the mobile payment transaction market. The report explores the value, volume trends, and price history of the market. Additionally, various growth factors, restraints, and opportunities for the market are analyzed to study the in-depth understanding of the market.
This report also analyzes the impact of Coronavirus COVID-19 on the Mobile Payment Transactions industry.
Persistence Market Research predicts that the global mobile payment transaction market will grow 31% annually over the next 10 years and will reach $ 621 billion in revenue by the end of 2031. The study puts the current market value at US $ 41.7 billion.
Mobile payment is an integrated system that is connected by various components of the value chain, which typically includes the merchant, the consumer, the financial institution involved and not to forget the payment gateway and the telecommunications network.
Market dynamics
Although the mobile payment transaction market is set to grow tremendously, there are many challenges that are holding back the growth of this market. The slow introduction of smartphone-compatible POS systems by retailers is a major challenge.
One of the main concerns is that, apart from a few countries, consumers have not fully embraced the concept of mobile payments, even though the facility is much safer. However, given the inherent nature of the product, it wouldn’t be long before consumers around the world embrace the possibilities of mobile payment, according to the research report by Persistence Market Research.
Key characters
The report has profiled some of the major players widely used in the global such as – Paypal, Mastercard, Google Wallet, LevelUp, Braintree, Visa, Moneybookers, WorldPay, CLINKLE, Singlepoint, Venmo, others and more .
This report covers sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future prospects of mobile payment transactions.
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Market forecast
By technology, SMS and WAP / WEB will continue to make up the most transactions worldwide. Mobile payments made via SMS will have a robust CAGR over the forecast period.
Mobile payments made over WAP / WEB are expected to have an excellent CAGR over the forecast period. Money transfers and purchases of goods account for over 9/10 of the revenue share of the global mobile payment transaction market based on the “purpose” of end-use.
Money transfer, the largest end use in the mobile payment transaction market, will grow by over 30%.
The mobile payment market will continue to be robust in APEJ and Africa as the majority of people there do not have a credit card, unlike the situation in Europe and the US. So consumers in APEJ and Africa are switching directly from cash to mobile payments.
The market for mobile payments in China will grow particularly strongly. This is due to the entry of large market players such as Apple and Samsung into the Chinese market, which makes competition more intense and interesting.
Due to a strong presence in China, the mobile payment market in the Asia-Pacific region will continue to grow and this region will be the world’s leading market in terms of volume. In terms of value, however, Africa will maintain its top position in the mobile payment transaction market.
This is due to the spectacular success of M-Pesa in Kenya, which has led consumers and businesses in other regions of Africa to adopt mobile payment technology. This has spurred the mobile payment transaction market in Africa.
Africa currently has a sales share of almost 3/10 of the global mobile payments market and boasts a subscriber base of over 100 million. In addition to Asia-Pacific and Africa, Western Europe and the United States are other lucrative regions for the global mobile payment transaction market.
Key Stakeholder Mobile Payment Transactions Market Manufacturers Mobile Payment Transactions Market Distributors / Dealers / Wholesalers Mobile Payment Transactions Market Subcomponent Manufacturers Industry Association Downstream Vendors
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The Key Highlights of the Mobile Payment Transactions Market Report:
The Mobile Payment Transactions market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
The report delves deeper into the market and explains the dynamic factors that support market growth.
The report thoroughly evaluates the current historical market size, share, and sales growth rates to provide accurate market forecast for the forecast period.
The report analyzes the mobile payment transactions market presence in major regions around the world.
It determines the production and consumption capacities as well as the demand and supply dynamics of each regional market.
The report also illustrates the intense competition among key market players and highlights their effective plans and strategies for business expansion.
It provides a company overview and SWOT analysis of each market participant.
Key questions answered in this report.
What will the market growth rate be in the future?
What are the key factors for the global market?
Who are the main manufacturers in the market?
What opportunities and risks are providers exposed to in global industry?
What are sales, sales and price analyzes by industrial region?
If you have special requirements, please let us know and we will offer you the report according to your wishes and also the table of contents.
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Continuation…
Our team is studying Covid-19 and its impact on different industries and where necessary we will consider the Covid-19 footprints for a better analysis of the markets and industries. Please contact us for further details .
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