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Mobile Payments Market - Overview and Outlook by Potential Growth

Global Mobile Payments Market by Solution ( Software, Hardware ), Services, Application ( Cash on delivery, Instant Payment ), and Region - Global Forecast to 2027

  • Report ID : IMR-7153 |
  • Category : Service Industry  |
  • Published Date : February 2020 |
  • Format :   IMR Report Formats   IMR Report Formats   IMR Report Formats

Global Mobile Payments Market Overview

The global mobile payment market size was accounted at $1.48 trillion in 2019 and is projected to reach $12.06 trillion by 2027 with a growing CAGR of 30.1% over the forecast period.

Mobile payment is an alternative payment method that uses cash, credit cards, and checks as payment methods. Customers may use portable devices such as smartphones, laptops, and other mobile devices to make purchases of certain services and goods.

Furthermore, mobile payments make use of various technologies such as SMS-based transactional payments, NFC (Near Field Communication), and direct mobile billing to improve account protection and convenience. Worldwide stores and services are growingly integrating and implementing various mobile payment applications such as Samsung Pay, Apple Pay, PayPal, AliPay, and WeChat to accept payments. This trend is likely to persist for several years due to everyday commerce, evolving lifestyles, and exponential growth in online retailing.

Mobile Payments : Key Market Dynamics

The growth of the mobile payments market is being driven by a rise in mobile penetration around the world and an increase in the e-commerce industry in developing countries. Furthermore, the market's growth is fueled by an increase in the acceptance of mobile payment systems in developing countries. However, the market's growth is hampered by increasing data breaches and security concerns in mobile payments. Likewise, the industry is expected to benefit from an increase in the use of NFC, RFID, and host card emulation technologies in mobile payments, as well as a rise in demand for fast and painless transaction services.

The mobile payments market is projected to gain a large share during the forecast era. Mobile payments are the most common and favored way of making mobile payments since all consumers need is a smartphone, which fuels the market's expansion. On the other hand, due to various features such as faster transaction processing, higher security, and increasing demand from end-users.

E-commerce to drive the Global Mobile Payments Market

The growing availability of data processing software and big data analytics is assisting vendors in customizing their products, thus increasing the likelihood of a sale. According to the E-commerce Foundation, more than 25% of shoppers make weekly purchases on their mobile devices, with the majority of purchases done via a retailer's app or website. This scenario is expected to fuel the global mobile payments market as the number of omnichannel vendors grows around the world, especially in Asia-Pacific countries like India as well as China.

The rise in adoption of mobile payments in emerging economies

Emerging economies, such as China and India, have a high penetration of smartphones along with increasing 3G and 4G connectivity users. In addition, both countries account for more than one-third of the world’s population, thus posing the maximum market potential for mobile payment. It is anticipated that approximately 90% of the population under the age of 30 years resides in these emerging markets.

Market Segmentation

The global mobile payments market is categorized into various segments such as payment type, end-user, purchase type, application, transaction mode, and region.

By Type, Mobile Payments has been segmented into:

By End-User, Mobile Payments has been segmented into:

  • Personal
  • Business

By Purchase Type, Mobile Payments has been segmented into:

  • Airtime transfer & topups
  • Merchandise & Coupons
  • Money Transfers
  • Bill Payments
  • Travel & Ticketing
  • Others

By Transaction Mode, Mobile Payments has been segmented into:

  • Mobile Web Payments
  • SMS/direct Carrier Billing
  • Near Field Communication
  • Others

Regions and Countries Level Analysis:

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
  • Asia-Pacific (China, India, Japan, Southeast Asia etc.)
  • South America (Brazil, Argentina etc.)
  • Middle East & Africa (Saudi Arabia, South Africa etc.)

Players Covered in Mobile Payments market are :

  • Apple Inc.
  • Google LLC
  • American Express Company
  • JP Morgan Chase & Co
  • Paypal Holdings 
  • PayU
  • Samsung
  • Visa
  • Mastercard
  • One97 Communications Limited
  • Others

Key Market Deliverables 

  • Market scope and forecast of the global mobile payments market for the forecast period, with CAGR for the given timeframe.
  • Analysis of the overall competitive circumstances based on market judgment tools
  • Profiles of key market players based on parameters such as company overview, product offering, financial status, and major market developments.
  • In-depth market developments across the considered segmentation and geographies.
  • Study of the key market dynamics such as market driving forces, challenges, and opportunities.
  • The report delivers a complete analysis of qualitative and quantitative market shares, market restraining factors, and market growth drivers.

Frequently Asked Questions :

Table of Content

Chapter 1 About the Mobile Payments Industry 
1.1 Industry Definition and Types
1.1.1 Software
1.1.2 Hardware
1.2 Main Market Activities
1.3 Similar Industries
1.4 Industry at a Glance

Chapter 2 World Market Competition Landscape
2.1 Mobile Payments Markets by Regions
2.1.1 USA
Market Revenue (M USD) and Growth Rate 2015-2025
Sales and Growth Rate 2015-2025
Major Players Revenue (M USD) in 2020
2.1.2 Europe
Market Revenue (M USD) and Growth Rate 2015-2025
Sales and Growth Rate 2015-2025
Major Players Revenue (M USD) in 2020
2.1.3 China
Market Revenue (M USD) and Growth Rate 2015-2025
Sales and Growth Rate 2015-2025
Major Players Revenue (M USD) in 2020
2.1.4 India
Market Revenue (M USD) and Growth Rate 2015-2025
Sales and Growth Rate 2015-2025
Major Players Revenue (M USD) in 2020
2.1.5 Japan
Market Revenue (M USD) and Growth Rate 2015-2025
Sales and Growth Rate 2015-2025
Major Players Revenue (M USD) in 2020
2.1.6 South East Asia
Market Revenue (M USD) and Growth Rate 2015-2025
Sales and Growth Rate 2015-2025
Major Players Revenue (M USD) in 2020
2.2 World Mobile Payments Market by Types
Software
Hardware
2.3 World Mobile Payments Market by Applications
Cash on delivery
Instant Payment
2.4 World Mobile Payments Market Analysis
2.4.1 World Mobile Payments Market Revenue and Growth Rate 2015-2020
2.4.2 World Mobile Payments Market Consumption and Growth rate 2015-2020
2.4.3 World Mobile Payments Market Price Analysis 2015-2020

Chapter 3 World Mobile Payments Market share
3.1 Major Production Market share by Players
3.2 Major Revenue (M USD) Market share by Players 
3.3 Major Production Market share by Regions in 2020, Through 2025
3.4 Major Revenue (M USD) Market share By Regions in 2020, Through 2025

Chapter 4 Supply Chain Analysis
4.1 Industry Supply chain Analysis
4.2 Raw material Market Analysis
4.2.1 Raw material Prices Analysis 2015-2020
4.2.2 Raw material Supply Market Analysis
4.2 Manufacturing Equipment Suppliers Analysis
4.3 Production Process Analysis
4.4 Production Cost Structure Benchmarks
4.5 End users Market Analysis

Chapter 5 Company Profiles
5.1 ADP
5.1.1 Company Details (Foundation Year, Employee Strength and etc)
5.1.2 Product Information (Picture, Specifications and Applications)
5.1.3 Revenue (M USD), Price and Operating Profits
5.2 SBI
5.2.1 Company Details (Foundation Year, Employee Strength and etc)
5.2.2 Product Information (Picture, Specifications and Applications)
5.2.3 Revenue (M USD), Price and Operating Profits
5.3 CardPayment Solutions
5.3.1 Company Details (Foundation Year, Employee Strength and etc)
5.3.2 Product Information (Picture, Specifications and Applications)
5.3.3 Revenue (M USD), Price and Operating Profits
5.4 FPL
5.4.1 Company Details (Foundation Year, Employee Strength and etc)
5.4.2 Product Information (Picture, Specifications and Applications)
5.4.3 Revenue (M USD), Price and Operating Profits
5.5 Nordstrom
5.5.1 Company Details (Foundation Year, Employee Strength and etc)
5.5.2 Product Information (Picture, Specifications and Applications)
5.5.3 Revenue (M USD), Price and Operating Profits
5.6 KOHL’S
5.6.1 Company Details (Foundation Year, Employee Strength and etc)
5.6.2 Product Information (Picture, Specifications and Applications)
5.6.3 Revenue (M USD), Price and Operating Profits
5.7 Catherines
5.7.1 Company Details (Foundation Year, Employee Strength and etc)
5.7.2 Product Information (Picture, Specifications and Applications)
5.7.3 Revenue (M USD), Price and Operating Profits
5.8 Axis Bank
5.8.1 Company Details (Foundation Year, Employee Strength and etc)
5.8.2 Product Information (Picture, Specifications and Applications)
5.8.3 Revenue (M USD), Price and Operating Profits
5.10 ECP
5.10.1 Company Details (Foundation Year, Employee Strength and etc)
5.10.2 Product Information (Picture, Specifications and Applications)
5.10.3 Revenue (M USD), Price and Operating Profits

Chapter 6 Globalisation & Trade
6.1 Business Locations
6.2 Supply channels
6.3 Marketing strategy
6.4 Barriers to Entry

Chapter 7 Distributors and Customers
7.1 Major Distributors and contact information by Regions
7.2 Major Customers and contact information by Regions

Chapter 8 Import, Export, Consumption and Consumption Value by Major Countries
8.1 USA
8.2 Germany
8.3 China
8.4 Japan
8.5 India

Chapter 9 World Mobile Payments Market Forecast through 2025
9.1 World Mobile Payments Demand by Regions Forecast through 2025
9.2 World Mobile Payments Price(by Regions, Types, Applications)Analysis Forecast through 2025
9.3 World Mobile Payments Revenue (M USD)(by Regions, Types, Applications) Forecast through 2025
9.4 World Mobile Payments Market Analysis
9.4.1 World Mobile Payments Market Revenue and Growth Rate 2015-2020
9.4.2 World Mobile Payments Market Consumption and Growth rate 2015-2020
9.4.3 World Mobile Payments Market Price Analysis 2015-2020

Chapter 10 Key success factors and Market Overview

Tables and figures
Table Main Market Activities by Regions
Table Market Revenue (M USD) and Growth Rate 2015-2025
Table Major Players Revenue (M USD) in 2020
Table Market Revenue (M USD) and Growth Rate 2015-2025
Table Major Players Revenue (M USD) in 2020
Table Market Revenue (M USD) and Growth Rate 2015-2025
Table Major Players Revenue (M USD) in 2020
Table Market Revenue (M USD) and Growth Rate 2015-2025
Table Major Players Revenue (M USD) in 2020
Table Market Revenue (M USD) and Growth Rate 2015-2025
Table Major Players Revenue (M USD) in 2020
Table Major Production Market share by Players 2020
Table Major Revenue (M USD) Market share by Players 2020
Table Production Market share by Major Regions in 2015-2020
Table Production Market share by Major Regions in 2020-2025
Table Revenue (M USD) Market share by Regions in 2015-2020
Table Revenue (M USD) Market share by Regions in 2020-2025
Table Industry Supply chain Analysis
Table Raw material Prices Analysis 2015-2020
Table Raw material Suppliers Market Analysis
Table Manufacturing Equipment Suppliers Analysis
Figure Production Process Analysis
Figure Production Cost Structure
Table major End Users by Regions
Table ADP Information List
Figure Mobile PaymentsMobile Payments Picture, Specifications and Applications of ADP
Table Mobile Payments Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of ADP 2019-2020
Figure Mobile Payments Sales Volume and World Market Share of ADP 2019-2020
Table SBI Information List
Figure Mobile Payments Picture, Specifications and Applications of SBI
Table Mobile Payments Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of SBI 2019-2020
Figure Mobile Payments Sales Volume and World Market Share of SBI 2019-2020
Table CardPayment Solutions Information List
Figure Mobile Payments Picture, Specifications and Applications of CardPayment Solutions
Table Mobile Payments Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of CardPayment Solutions 2019-2020
Figure Mobile Payments Sales Volume and World Market Share of CardPayment Solutions 2019-2020
Table FPL Information List
Figure Mobile Payments Picture, Specifications and Applications of FPL
Table Mobile Payments Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of FPL 2019-2020
Figure Mobile Payments Sales Volume and World Market Share of FPL 2019-2020
Table Nordstrom Information List
Figure Mobile Payments Picture, Specifications and Applications of Nordstrom
Table Mobile Payments Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Nordstrom 2019-2020
Figure Mobile Payments Sales Volume and World Market Share of Nordstrom 2019-2020
Table KOHL’S Information List
Figure Mobile Payments Picture, Specifications and Applications of KOHL’S
Table Mobile Payments Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of KOHL’S 2019-2020
Figure Mobile Payments Sales Volume and World Market Share of KOHL’S 2019-2020
Table Catherines Information List
Figure Mobile Payments Picture, Specifications and Applications of Catherines
Table Mobile Payments Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Catherines 2019-2020
Figure Mobile Payments Sales Volume and World Market Share of Catherines 2019-2020
Table Axis Bank Information List
Figure Mobile Payments Picture, Specifications and Applications of Axis Bank
Table Mobile Payments Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Axis Bank 2019-2020
Figure Mobile Payments Sales Volume and World Market Share of Axis Bank 2019-2020
Table ECP Information List
Figure Mobile Payments Picture, Specifications and Applications of ECP
Table Mobile Payments Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of ECP 2019-2020
Figure Mobile Payments Sales Volume and World Market Share of ECP 2019-2020
Table Business Locations
Figure Supply channels
Figure Marketing strategy
Table Barriers Analysis to Entry
Table Major Distributors and contact information by Regions
Table Major Customers and contact information by Regions
Table USA Supply, Import, Export, Consumption and Consumption Value(M USD)
Table Germany Supply, Import, Export, Consumption and Consumption Value(M USD)
Table China Supply, Import, Export, Consumption and Consumption Value(M USD)
Table Japan Supply, Import, Export, Consumption and Consumption Value(M USD)
Table India Supply, Import, Export, Consumption and Consumption Value(M USD)
Table World Demand by Regions Forecast Analysis of Mobile Payments (2020-2025)
Table World Price by Regions Forecast Analysis of Mobile Payments (2020-2025)
Table World Price by Types Forecast Analysis of Mobile Payments (2020-2025)
Table World Price by Applications Forecast Analysis of Mobile Payments (2020-2025)
Table World Revenue (M USD) by Regions Forecast Analysis of Mobile Payments (2020-2025)
Table World Revenue (M USD) by Types Forecast Analysis of Mobile Payments (2020-2025)
Table World Revenue (M USD) by Applications Forecast Analysis of Mobile Payments (2020-2025)
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