Technology

Mobile Payment Market Emerging Trends and Global Outlook 2020 – 2026 :Tencent, PayPal, Inc., UnionPay, Vodafone Ltd

Mobile Payment

Global Mobile Payment Market Research Report 2020-2026 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope and application of this report.

The global mobile payment market size was USD 925.69 billion in 2018 and is projected to reach USD 6,884.24 billion by 2026 in terms of transaction value, exhibiting a CAGR of 28.7% during the forecast period.

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Top Key Players in the Global Mobile Payment Market: Tencent, PayPal, Inc., UnionPay, Vodafone Ltd., AT & T, Inc., Microsoft Corporation, Apple, Inc, American Express, Co., Visa, Inc., Alibaba Group, MasterCard International Inc., Google, Inc.

Key Developments:

Apr 2019 – Orange is engaged in the digital transformation in Africa and the Middle East, and launched its first “Orange Digital Centre” in Tunisia.

Feb 2019 – Visa and Planeta Informatica announced the launch of new technology that enables public transit operators worldwide to implement contactless payments faster and easier than ever, and for a much lower cost.

Segmentation:

Market By Types:

SMS-based
USSD/STK
Direct Operator Billing
Digital Wallet

Market By Applications:

Logistics
Manufacturing
Hospitality
Tourism
Travel
Lifestyle
Womenswear
Others

Key Market Trends:

E-commerce to Drive the Mobile Payments Market

With the increasing number of mobile devices around the world and high-speed mobile networks, e-commerce industry is in a boom phase.

The increasing number of data analysis tools and big data analysis helps vendors to customize their offerings increase the likelihood of a sale.

According to E-commerce Foundation, more than 25% of consumers purchase weekly through mobile devices, where the majority of purchases made application forms retailers or websites.

With the increasing number of omni-channel vendors worldwide and especially in the countries of the Asia-Pacific region, such as India and China, this scenario is expected to further increase to the mobile payment market.

According to a report by Credit Suisse, the digital payment market in India is currently pegged at Rp 200 billion and is expected to reach $ 1 trillion by 2023. With the entry of companies such as Google Pay Paytm and the market became attractive enough for companies to build their services.

In addition, the Digital India campaign led by the government is encouraging people to use digital services and payments. With 1.32 billion people, the Indians are slowly changing and taking an interest in digital services that pave the way for mobile payments market.

Regional Analysis for Market:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, etc.)
Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)

This Mobile Payment Market statistical surveying report underlines the leading merchants in this market everywhere throughout the world. This sector of the report includes the market depictions, requirements, and product portrayals, manufacture, competence, contact figures, cost, and revenue. In a comparable way, automated gathering, upstream raw materials, and downstream demand studies are administered.

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Influence of the Mobile Payment Market report:

-Comprehensive assessment of all opportunities and risk in the Mobile Payment Market.

-Mobile Payment Market recent innovations and major events.

-Detailed study of business strategies for growth of the Mobile Payment Market -leading players.

-Conclusive study about the growth plot of Mobile Payment Market for forthcoming years.

-In-depth understanding of Mobile Payment Market -particular drivers, constraints and major micro markets.

-Favorable impression inside vital technological and market latest trends striking the Mobile Payment Market.

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What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Mobile Payment Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

The research includes historic data from 2015 to 2019 and forecasts until 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, Mobile Payment Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

Customization of this Report:This Mobile Payment report could be customized to the customer’s requirements. Please contact our sales professional ([email protected]), we will ensure you obtain the report which works for your needs.

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All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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