Mobile Payment Market Analysis, Size, Share, Growth, Trends, and Forecast
Mobile Payment Market Size
The global Mobile Payment Market size was valued at USD 17.61 billion in 2022 and is expected to reach USD 273.53 billion by 2030, growing at a compound annual growth rate (CAGR) of 28.7% during the forecast period.
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Press Release
Straits Research has published a comprehensive report on the mobile payment market, providing an in-depth analysis of the industry’s current trends, growth prospects, and emerging opportunities. The report offers valuable insights into the market’s size, share, and forecast, helping businesses and investors make informed decisions.
Catalysts for Expansion
The mobile payment market is driven by several factors, including:
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Increasing adoption of smartphones and mobile devices
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Growing demand for contactless payments
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Rising need for secure and convenient transaction methods
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Expanding e-commerce industry
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Government initiatives promoting digital payments
Market Segment Breakdown
The mobile payment market is segmented into various categories, including:
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By Payment Type: Proximity payments and remote payments are the two primary payment types in the mobile payment market.
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By Transaction Mode: Mobile web payments, near-field communication (NFC), short message service (SMS)/direct carrier billing, and others are the different transaction modes used in mobile payments.
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By End-User: Personal and business are the two main end-user segments in the mobile payment market.
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By Purchase Type: Airtime transfer and top-ups, money transfer and bill payments, merchandise and coupons, travel and ticketing, and others are the various purchase types made through mobile payments.
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By Application: Media and entertainment, energy and utilities, healthcare, retail, hospitality and transportation, and others are the different applications of mobile payments.
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Top Performing Companies
The report highlights the top performing companies in the mobile payment market, including:
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American Express Company
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Apple Inc.
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Google LLC
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JPMorgan Chase & Co
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Mastercard
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One97 Communications Limited
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PayPal Holdings Inc.
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PayU
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Samsung
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Visa Inc
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Emerging Prospects
The mobile payment market is expected to witness significant growth in the coming years, driven by emerging prospects such as:
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Increasing adoption of wearable devices and IoT technology
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Growing demand for mobile wallets and digital payment platforms
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Rising need for secure and convenient transaction methods
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Expanding e-commerce industry and online shopping
Industry Movements
The report provides an overview of the recent industry movements, including:
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Partnerships and collaborations between mobile payment companies and financial institutions
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Launch of new mobile payment platforms and services
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Expansion of mobile payment services into new markets and regions
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Growing investment in mobile payment technology and infrastructure
Geographic Analysis
The report provides a geographic analysis of the mobile payment market, including:
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North America
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Europe
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Asia-Pacific
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Latin America
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Middle East and Africa
Data Insights
The report provides valuable data insights into the mobile payment market, including:
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Market size and forecast
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Market share and segmentation
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Growth prospects and emerging opportunities
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Competitive landscape and key players
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Regional analysis and trends
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