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Global Mobile Payment Market by Country (United States, Canada, India, China, Japan, United Kingdom), Company Profiles, Size, Share, Trends, Analysis, Opportunities, Segmentation and Forecast 2015 - 2021 More Information : bit.ly/1ZWkuI0
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Global Mobile Payment Market Forecast 2015 – 2021 OccamsBusiness Research & Consulting
Table of contents • Executive summary • Mobile Payment market Segmentation by application • What are mobile payments? • Drivers of mobile payment market • Restraints of mobile payment market • Challenges of mobile payment market • Opportunities of mobile payment market • Strategic analysis of mobile payment market • Geography Analysis • Research methodology OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.
Executive Summary • Mobile payments have been a boon for conflict prone African continent. Over $32 billion worth of transaction were made through mobile payments. • The transaction volume in Africa is expected to reach XXXX by 2020 at CAGR of XXXX for the forecasted period of 2015-2020. Africa has the highest CAGR amongst all the geographies. • Mobile commerce is expected to reach XXXX in 2020 and mobile wallet is expected to reach XXXX billion in 2020. • Closed loop payments are expected to grow at a CAGR of XXX% for the forecasted period of 2015-2020. The market is driven by banks developing their own apps and providing on the go services for the customers. OCCAMS BUSINESS RESEARCH &CONSULTING PVT. LTD.
TYPES OF MOBILE PAYMENTS OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.
US E-commerce sales (%) compared to total retail sales Source: OBRC Analysis OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.
Market Determinants -Drivers • Acquisitions and partnerships are driving the global mobile payment market • Rigidity of banks • Technological advancement giving rise to mobile payment market • Global adoption of mobile payment services by small merchants and businesses • Global adoption of mobile payment services by unbanked population to boost the global mobile payment market Source: OBRC Analysis OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.
Key strategies of mobile payment market • Cases of partnerships by leading mobile payment providers • Acquisition: key growth strategy • Investments in technology and leveraging existing infrastructure • Geographical market expansion OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.
Key restraints of mobile payment market • Security threats are prime concerns • Attacks of spyware and malware may slow the growth of the market • Interoperability is a key concern OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.
Key Opportunities of mobile payment market • Introduction of more user-friendly technologies to create scope for mobile payment market • Entry of big players in mobile payment market to create huge scope for global payment market • Emphasis on user-convenience giving rise to adoption of mobile payment systems • Limits on cash transaction to boost global mobile payment market • Government aid enables the mobile payment to grow fast OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.
Challenges of CGMS Market • Unwillingness to switch to new technology • Unclear business case: large investment required • Newer technologies, unclear rules confuse the market players and customers • Lack of confidence and late arrival scenario may affect the growth of the market • Addressing the complexities is a concern OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.
Emerging economies • Asia has seen rapid growth in the past along with the world because of huge potential in economies of countries like India, China, Thailand and South Korea etc. • Asian countries have adopted Mobile payments since its launch and Asian countries are big market for mobile payments. • Large but underdeveloped market such as India, Indonesia, China, Philippines and Vietnam rapidly adopted mobile payments for various things from remittance and ticket booking to bill payment. • The other factor which is increasing the role of mobile payments is increasing use of mobile phones in heavily populated Asian countries. Source: OBRC Analysis OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.
Geographic Analysis Request for sample Pages: Global Mobile Payment Market by Country (United States, Canada, India, China, Japan, United Kingdom), Company Profiles, Size, Share, Trends, Analysis, Opportunities, Segmentation and Forecast 2015 - 2021 Source: OBRC Analysis OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.
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