The report of Global M-Commerce Payment Market by Transactions (M-Retailing, M-ticketing/booking, M-billing, Other M-Commerce Service), Payment Modes (Near Field Communication (NFC), Premium SMS, Wireless application protocol (WAP), Direct Carrier Billing), End User (Smart device users, Feature phone users) and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) is expected to reach US$ 47.3 Bn by 2027, at a CAGR of XX % during a forecast period.
Mobile payments of various types are utilized for diverse operations, with ordering takeaway food, movie tickets, and smartphone game upgrade across various end-user industries. With the rapidly growing global economy, mobile phones (particularly smartphones) have become an essential commodity for an individual. The internet has also become part and parcel of life for many people. This has increased the penetration of smartphones and internet users all over the world driving the growth of the M-commerce payment market. However, the challenges associated with global market for m-commerce are information security, intense competition within the market, complex application regarding operations and network infrastructure maintenance price.
Near Field Communication (NFC) segment is expected to account for the largest XX% market share by 2027.
Near Field Communication (NFC) technology is estimated to grow at a CAGR of over XX.56% during the forecast period. Near Field Communication chips stocked intimate credit cards for contactless payments are nothing new. However a more current and surely more enticing use case for NFC is with smartphone, which can digitize whole wallet. Virtually each mobile OS developers have their apps that offer unique NFC functionality.
APAC region is expected to account for the largest XX% market share by 2027.
The market in APAC is expected to show the highest CAGR during the forecast period. The rising purchasing power and the growing disposable incomes in the emerging economies like China and India provide the choice to the consumers to purchase more products which largely foster the growth of the M-commerce payment market. North America has proactively participated in making M-commerce a significant part of the daily commercial transactions.
Key players operating in the Global M-Commerce Payment Market are Ericsson, Gemalto, Jack Henry & Associates Inc, Google Inc., IBM Corp., Mastercard Inc., Mopay AG, ACI Wrldwide, Inc., Oxygen8, Fiserv, Inc., Paypal, SAP AG, Visa Inc. and others.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global M-Commerce Payment Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global M-Commerce Payment Market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global M-Commerce Payment Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global M-Commerce Payment Market”
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