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Global Mobile Payment Market (2022-2027) by Pay Option, Purchase Type, Payment Type, Industry, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

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    Report

  • 168 Pages
  • March 2022
  • Region: Global
  • Infogence Global Research
  • ID: 5566874

FEATURED COMPANIES

  • Alibaba Group
  • American Express Company
  • FIS
  • JPMorgan Chase & Co.
  • M Pesa(Vodafone Group)
  • MobiKwik Company
The Global Mobile Payment Market is estimated to be USD 4.23 Tn in 2022 and is expected to reach USD 15.75 Tn by 2027, growing at a CAGR of 30.07%.



Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the Global Mobile Payment Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Market Segmentation

  • The Global Mobile Payment Market is segmented based on Pay Option, Purchase Type, Payment Type, Industry, and Geography.
  • Pay Option, the market is classified into Mobile Wallet/ Bank Cards and Mobile Money.
  • Purchase Type, the market is classified into Airtime Transfer and Top Ups, Money Transfers and Bill Payments, Merchandise and Coupons, Travel and Ticketing, and Others.
  • Payment Type, the market is classified into Proximity Payment, Near Field Communication (NFC), QR Code Payment, Remote Payment, Internet Payment, Direct Operator Billing, Digital Wallet, and SMS Payment.
  • Industry, the market is classified into Media and Entertainment, Retails and eCommerce, BFSI, Automotive, Medical and Healthcare, Transportation, Consumer Electronics, and Other.
  • Geography, the market is classified into Americas, Europe, Middle-East & Africa and Asia-Pacific.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Alibaba Group, Bank of - America Corporation, eBay (PayPal Holdings, Inc.), MoneyGram International, Inc., Thales Group, etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of - Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of - Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA.
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the Global Mobile Payment Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses Global Mobile Payment Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Mobile Payment Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including the parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Mobile Payment Market

What is the estimated value of the Global Mobile Payment Market?

The Global Mobile Payment Market was estimated to be valued at $4.2 Trillion in 2022.

What is the growth rate of the Global Mobile Payment Market?

The growth rate of the Global Mobile Payment Market is 30.0%, with an estimated value of $15.8 Trillion by 2027.

What is the forecasted size of the Global Mobile Payment Market?

The Global Mobile Payment Market is estimated to be worth $15.8 Trillion by 2027.

Who are the key companies in the Global Mobile Payment Market?

Key companies in the Global Mobile Payment Market include Alibaba Group, Amazon.com, Inc, American Express Company, Apple Inc., Bank of America Corporation, eBay (PayPal Holdings, Inc.), FIS, Google Llc and LevelUp.

FEATURED COMPANIES

  • Alibaba Group
  • American Express Company
  • FIS
  • JPMorgan Chase & Co.
  • M Pesa(Vodafone Group)
  • MobiKwik Company

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Increasing Penetration of Internet and Smartphones and Rising E-Commerce
4.1.2 Favorable Government Initiatives for Digitalise Payments
4.1.3 Increase in Adoption of Automated Payment Options - Direct Carrier Billing, Mobile Point of Sale(mPOS), Mobile Wallets, etc
4.2 Restraints
4.2.1 The Spending Limit for Contactless Payments by Government
4.3 Opportunities
4.3.1 Opportunity to Reduce Barriers for Cross-Border Payments
4.3.2 Adoption of Mobile Payment Services in Emerging Countries
4.4 Challenges
4.4.1 Closing the Gap Between the Awareness and Adoption of this Technology
4.4.2 Security Risk
4.4.3 Availability of Alternative
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Mobile Payment Market, By Pay Option
6.1 Introduction
6.2 Mobile Wallet/Bank Cards
6.3 Mobile Money
7 Global Mobile Payment Market, By Purchase Type
7.1 Introduction
7.2 Airtime Transfer and Top Ups
7.3 Money Transfers and Bill Payments
7.4 Merchandise and Coupons
7.5 Travel and Ticketing
7.6 Others
8 Global Mobile Payment Market, By Payment Type
8.1 Introduction
8.2 Proximity Payment
8.3 Near Field Communication (NFC)
8.4 QR Code Payment
8.5 Remote Payment
8.6 Internet Payment
8.7 Direct Operator Billing
8.8 Digital Wallet
8.9 SMS Payment
9 Global Mobile Payment Market, By Industry
9.1 Introduction
9.2 Media and Entertainment
9.3 Retails and Ecommerce
9.4 BFSI
9.5 Automotive
9.6 Medical and Healthcare
9.7 Transportation
9.8 Consumer Electronics
9.9 Other
10 Americas’ Mobile Payment Market
10.1 Introduction
10.2 Argentina
10.3 Brazil
10.4 Canada
10.5 Chile
10.6 Colombia
10.7 Mexico
10.8 Peru
10.9 United States
10.10 Rest of Americas
11 Europe’s Mobile Payment Market
11.1 Introduction
11.2 Austria
11.3 Belgium
11.4 Denmark
11.5 Finland
11.6 France
11.7 Germany
11.8 Italy
11.9 Netherlands
11.10 Norway
11.11 Poland
11.12 Russia
11.13 Spain
11.14 Sweden
11.15 Switzerland
11.16 United Kingdom
11.17 Rest of Europe
12 Middle East and Africa’s Mobile Payment Market
12.1 Introduction
12.2 Egypt
12.3 Israel
12.4 Qatar
12.5 Saudi Arabia
12.6 South Africa
12.7 United Arab Emirates
12.8 Rest of MEA
13 APAC’s Mobile Payment Market
13.1 Introduction
13.2 Australia
13.3 Bangladesh
13.4 China
13.5 India
13.6 Indonesia
13.7 Japan
13.8 Malaysia
13.9 Philippines
13.10 Singapore
13.11 South Korea
13.12 Sri Lanka
13.13 Thailand
13.14 Taiwan
13.15 Rest of Asia-Pacific
14 Competitive Landscape
14.1 Competitive Quadrant
14.2 Market Share Analysis
14.3 Strategic Initiatives
14.3.1 M&A and Investments
14.3.2 Partnerships and Collaborations
14.3.3 Product Developments and Improvements
15 Company Profiles
15.1 Alibaba Group
15.2 Amazon.com, Inc
15.3 American Express
15.4 Company
15.5 Apple Inc.
15.6 Bank of America Corporation
15.7 eBay (PayPal Holdings, Inc.)
15.8 FIS
15.9 Google Llc
15.10 JPMorgan Chase & Co.
15.11 LevelUp
15.12 M Pesa(Vodafone Group)
15.13 Mastercard Inc.
15.14 MobiKwik Company
15.15 MoneyGram International, Inc.
15.16 One97 Communications (Paytm)
15.17 Oxigen Services Pvt.
15.18 PayU
15.19 Samsung Electronics Co., Ltd.
15.20 Square, Inc. (Block, Inc.)
15.21 Thales Group
15.22 Visa Inc.
15.23 WeChat (Tencent Holdings Limited)
15.24 ZIpCash
16 Appendix
16.1 Questionnaire
  • Alibaba Group
  • Amazon.com, Inc
  • American Express Company
  • Apple Inc.
  • Bank of America Corporation
  • eBay (PayPal Holdings, Inc.)
  • FIS
  • Google Llc
  • JPMorgan Chase & Co.
  • LevelUp
  • M Pesa(Vodafone Group)
  • Mastercard Inc.
  • MobiKwik Company
  • MoneyGram International, Inc.
  • One97 Communications (Paytm)
  • Oxigen Services Pvt.
  • PayU
  • Samsung Electronics Co., Ltd.
  • Square, Inc. (Block, Inc.)
  • Thales Group
  • Visa Inc.
  • WeChat (Tencent Holdings Limited)
  • ZIpCash