Mobile Payment Technologies Market - Global Industry Analysis, Size, Share, Growth and Forecast 2030
Overview:
The mobile payment technologies market is anticipated to grow by US$ 90 billion by 2030 rapidly growing at a CAGR of 17.2% during the forecast period 2020 to 2030. The global mobile payment technologies market is driven by increasing adoption rate of smartphones and internet on mobile and dynamic consumer market. These factors have helped shape the mobile payment technologies market and are expected to boost the growth. Companies in the mobile payment technologies market could also face challenges such as lack of cross-border payment standards and cybersecurity risks. The details covered in the mobile payment technologies market report cover all the aspects of the industry. Analysts studying the mobile payment technologies market have also shared growth projections in the report and have suggested mobile payment technologies market players to plan business strategies accordingly.
Market Segmentation
The global mobile payment technologies market has been segmented based on vertical, solutions, and deployment. On the basis of verticals, the market for mobile payment technologies is segmented based on entertainment, BFSI, retail, media, e-commerce. Additionally, the market on the basis of solutions, is segmented into QR Code, POS, NFC, Mobile Wallet, Mobile Banking, Internet Payment. The global market for mobile payment technologies is also covered based on the deployment segment which is further split into hybrid, on-cloud.
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Factors like investment by non-banking institutions in the payment system, development in 5G network, and the adoption of artificial intelligence support the mobile payment technologies market growth. The performance of the mobile payment technologies market has also been studied for the past and current years. Additionally, the mobile payment technologies market report provides analysis of these segments. The mobile payment technologies market segmental analysis provided in the report offers major details about the mobile payment technologies market based on the data and forecasts till 2023.
Regional Overview
The global market for mobile payment technologies has many companies active across the world. The mobile payment technologies market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American mobile payment technologies market has many companies across the United States, Canada, and Mexico. The mobile payment technologies market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the mobile payment technologies market can be found in the market research report. Europe has companies in the mobile payment technologies market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the mobile payment technologies market across India, China, and Japan in the Asia-Pacific region is also presented in the report.
Competitive Landscape
The mobile payment technologies market is supported by growing investment by major key players and availability of skilled professionals in developed regions. The population growth around the world and increasing demand of mobile payment technologies market based services and products also support the market growth. However, the mobile payment technologies market growth can be affected due to growing risks of cyber attacks. The report covers all such details which will help companies in the mobile payment technologies market to strengthen their business plan and improve their product portfolio. The mobile payment technologies market research report also provides company profiles of major companies. The company profiles of many organizations operating in the mobile payment technologies market report highlights crucial details like company size, revenue growth, and details of mergers and acquisitions taking place in the mobile payment technologies market. New companies and established businesses can plan their strategies based on this data provided in the mobile payment technologies market research report.
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Industry News
Thanks to the acquisition of additional shares of the domestically owned payment group, US Digital Money Transfer Network Paypal has become the first third-party payment platform in China. The equity participation in GoPay increased from 70 to hence in PayPal information Technology (Shanghai), reports added on Monday citing business information software information gathering, Tianyancha. Medias told Monday. The GoPay contribution of 30 per cent was spent by Cofortune Information Technology Co.
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