Categories
All News Coronavirus Industry Analysis News

Consumer Mobile Payments Market Share to Exhibit Steady Growth in the Coming Decade

Mobile phones, developed to facilitate telecommunications, have now become wallets for consumers. Digital payments through mobile phones are revolutionized commercial settings across the world. Growing development of m-commerce platforms have also stepped in to promote the adoption of consumer mobile payments. Persistence Market Research’s latest report on the global market for consumer mobile payments projects that the market, which is presently worth over US$ 870 Mn, will register explosive growth at a whopping 41.4% CAGR to procure US$ 27,771.8 Mn revenues by the end of 2026.

Such an exponential growth for global consumer mobile payment market is factored by rising proliferation of smartphones and advanced features added to existing payment platforms. The world is flooded with various mobile wallets, and such applications are expected to remain trending in the years to come. Increasing burden on e-commerce platforms is also expected to get divested across m-commerce platforms. Furthermore, government initiatives prompting adoption of cashless transactions is also stipulated to boost consumer mobile payments. Less time consumed by transactions, and immediate currency conversion serve as key proponents for consumer mobile payments.

To remain ‘ahead’ of your competitors, request for a sample [email protected] https://www.persistencemarketresearch.com/samples/14995

Consumer mobile payments are also being preferred for their convenience in paying for anything, anywhere. Integrated consumer mobile payments are also becoming popular among merhcants. Consumer mobile payments are also becoming more protected through advanced security features. Nevertheless, security breaches are observed to be top challenge faced by developers of consumer mobile payment applications. The report has outlined leading players in the global consumer mobile payment market, which include

  • ACI Worldwide, Inc.
  • Alphabet Inc.
  • Samsung Electronics Co., Ltd
  • DH Corp
  • Fidelity National Information Services, Inc.
  • Fiserv, Inc.
  • Jack Henry & Associates Inc.
  • MasterCard Incorporated
  • PayPal Holdings, Inc.
  • Square, Inc.
  • Visa Inc.
  • Apple Inc.
  • Others

To receive extensive list of important regions, ask for TOC [email protected] https://www.persistencemarketresearch.com/market-research/consumer-mobile-payments-market/toc

 

Key findings of the report, titled “Consumer Mobile Payments: Global Industry Analysis and Forecast, 2016 – 2026,” include:

  • Through 2026, over 90% of consumer mobile payments will be directed through remote mode of payments
  • Proximity mode of payment, however, will gain traction and showcase a gain of +140 BPS by 2026-end
  • Among the remote mode of consumer mobile payments, m-commerce will remain a dominant segment registering 40.8% CAGR
  • During the forecast period, global consumer mobile payments taking place through NFC modes will register revenue growth at nearly 50% CAGR
  • Throughout the forecast period, retail will remain the largest end-user industry for consumer mobile payments, while verticals such as hospitality & tourism and IT & telecommunications are expected to bring over US$ 11 Bn revenues by 2026-end
  • Asia-Pacific excluding Japan (APEJ) region is expected to register fastest revenue growth at 44.3% CAGR, while North America and Middle East & Africa will be observed as leading regions for growth of consumer mobile payments market

For in-depth competitive analysis, buy [email protected] https://www.persistencemarketresearch.com/checkout/14995

For Related Reports @ https://www.persistencemarketresearch.com/category/ict.asp

 

 

About us:

 

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.

Contact us:

305 Broadway, 7th Floor
New York City, NY 10007
United States

Ph.no. +1-646-568-7751

E-mail id- [email protected]

Website: https://www.persistencemarketresearch.com

 

Leave a Reply

Your email address will not be published. Required fields are marked *