Mobile Payments Market is Expected to Rise to a Valuation of CAGR of 33.8% during 2018-2025

September 24, 2018: This report focuses on the global Mobile Payments status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Mobile Payments development in United States, Europe and China.

Mobile payments are referred to the transactions that is performed through mobile device instead of paying through cash, checks, or physical credit cards.

The mobile payment market is in its maturity phase and is expected to grow at a CAGR of 33.8% during the forecast period. Increase is penetration of smartphones, growth in m-commerce industry, and rise in adoption of mobile payment in emerging economies drive the growth of the mobile payment market."

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Adoption of advanced technologies like near field communications (NFC) is making it more popular. NFC enables users to establish a connection between two electronic devices like smartphones by just bring them close to each other.

Mobile payments market in Asia Pacific region is expected to show a positive growth over the forecast period owing to factors such as improved technologies like NFC, wearable devices etc.

In 2017, the global Mobile Payments market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2018-2025.

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The key players covered in this study

Apple
Google
PayPal
Mastercard
One97 Communications
Bharti Airtel
Vodafone
Orange
Samsung
Glance
Verifone Systems
Square
Alipay
Amazon Pay
Paytm
WeChat Pay
Market segment by Type, the product can be split into

Mobile wallet/Bank cards
Mobile money
Market segment by Application, split into

Retail
Education
Entertainment
Healthcare
Hospitality
Market segment by Regions/Countries, this report covers

United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:

To analyze global Mobile Payments status, future forecast, growth opportunity, key market and key players.
To present the Mobile Payments development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Mobile Payments are as follows:

History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

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