M-Commerce Payments Market By Mode of Payment (Peer-to-peer Transfer, NFC, Barcode Payment Mode), Industry Vertical (BFSI, Retail, IT & telecom, Media & advertising, Healthcare, Tourism & hospitality, Airline, Others), Device (Smart devices, Feature phones, Other devices), Industry Trends, Estimation & Forecast, 2017 - 2025
This report studies M-Commerce Payments in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2011 to 2015, and forecast to 2025.
M-commerce or mobile commerce is referred to commercial transactions conducted electronically by mobile phone. M-commerce includes the purchase and sale of a wide range of products and services, such as online banking, bill payment and information delivery. One of the key feature of M-commerce sites is the adaptation of websites to make them easier to use with smaller screen sizes which helps in facilitation of the customer and easy use. By the end of 2017, over 2 billion people are expected to use their phones and tables to make payment.
Increasing adoption of smart mobile devices and user convenience is expected to drive the global M-commerce market towards growth. Further, addition of advanced features to m-commerce system and government initiative for cashless transactions would also boost the market growth. For instance, India demonetized 500-rupee and 1000-rupee banknotes on 8th November 2016, to curb corruption and promote cashless transactions. However, security breaches and privacy of the user data are major concerns for the m-commerce payment market and might hinder the market growth.. Renewed interest in near field communication (NFC) is anticipated to provide lucrative opportunities for the market in upcoming years. For instance, ICICI Bank launches NFC-based contactless mobile pay solution on March 2016.
Retail is one of the prominent vertical to exhibit an impressive growth rate during forecast period. In 2016, U.S. consumers bought $47.6 billion of physical goods via remote mobile payments and the statistics is expected to grow further in the upcoming years. Moreover, Federal Reserve Bank of Boston suggested that, approximately 67 percent of the 147 million adult Americans used the internet for online purchasing in 2016. Further, in the U.S., there were 232 million smartphones in use; 16.5% of which, were used to make a contactless payment in 2016.
Remote Mobile Payment Market Segmentation
By Mode of Payment
• Peer-to-peer Transfer
• Barcode Payment Mode
By Industry Vertical
• IT & telecom
• Media & advertising
• Tourism & hospitality
• Smart devices
• Feature phones
• Other devices
• North America
• Rest of the World
Table of Content
• ACI Worldwide, Inc.
• Alphabet Inc.
• Apple Inc.
• DH Corporation
• Fidelity National Information Services, Inc.
• Fiserv, Inc.
• Mastercard Incorporated.
• PayPal Holdings, Inc.
• Samsung Electronics Co Ltd.
• Square, Inc.
• Visa Inc.
What Information does this report contain?
• What was the market size of the M-Commerce Payments Market in 2017 and the expected market size by 2025, along with the growth rate?
• An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
• Which are the largest revenue generating products, services or regions and their comparative growth rate?
• Which technology is in trend and how would it evolve during the forecast period (2017 – 2025)?
• Which are the leading companies in the M-Commerce Payments Market and their competitive positioning basis their market share, product portfolio, strategic attempts and business focus?