New Jersey, USA -- (SBWIRE) -- 10/11/2022 -- A Latest intelligence report published by AMA Research with title "Consumer Mobile Payments Market Outlook to 2027.A detailed study accumulated to offer Latest insights about acute features of the Global Consumer Mobile Payments market. This report provides a detailed overview of key factors in the Consumer Mobile Payments Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. A thorough analysis of these factors including economic slowdown, local & global reforms and COVID-19 Impact has been conducted to determine future growth prospects in the global market.
Definition:
This fast-growing mobile phone penetration also brings with it increasingly sophisticated mobile devices, which outpace ordinary computers. Mobile payments can be a more convenient and portable means of payment than traditional payment methods because they eliminate the burden of carrying multiple plastic cards, coins and currency in a physical wallet Mobile commerce in Europe is expected to grow significantly over the next few years, with an average compound annual growth rate of 42%. In 2014, Europe experienced an all-time peak in mobile revenues and mobile transactions. According to a RetailMeNot forecast based on data from some EU countries, Europeans will be spending about Euro 45 billion via mobile devices in 2015; this currently corresponds to around 14% of all online purchases made in the EU and represents an increase of 88.7% compared to 2014. According to one study, this type of payment is up to 15 to 30 seconds faster than swiping a traditional card, signing the receipt, or entering a PIN code. That can be important to consumers, especially to those who value saving time highly, as well as being able to pay bills at any given location
Major Players in This Report Include,
Google LLC (United States),Samsung Group (South Korea),Amazon.com Inc. (United States),Apple Inc. (United States),PayPal Inc. (United States),MasterCard PLC (United States),Visa Inc. (United States),American Express Co. (United States),Mahindra ComViva (India),Orange SA (France)
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Market Trends:
- Upsurging Demand due to Increasing Inclination towards E-commerce
- Increasing Number of Loyalty Benefits in Mobile Environment
Market Drivers:
- The rapid growth in online retailing
- The rise in demand for easy and hassle-free purchase of goods and services results in increased preference of consumers toward digital and cashless payments
Market Opportunities:
- Increasing Internet Penetration and Growing M-commerce Market
- Growing demand from developing countries
The Global Consumer Mobile Payments Market segments and Market Data Break Down are illuminated below:
by Type (Remote (Peer-to-peer, M-commerce), Proximity (Near Field Communication, Barcode)), Application (Retail, Hospitality & Tourism, IT & Telecommunication, BFSI, Media & Entertainment, Healthcare, Airline, Others), Type of Mobile Pay (Mobile Wallet/Bank Cards, Mobile Money)
Consumer Mobile Paymentsthe manufacturing cost structure analysis of the market is based on the core chain structure, engineering process, raw materials and suppliers. The manufacturing plant has been developed for market needs and new technology development. In addition, Consumer Mobile Payments Market attractiveness according to country, end-user, and other measures is also provided, permitting the reader to gauge the most useful or commercial areas for investments. The study also provides special chapter designed (qualitative) to highlights issues faced by industry players in their production cycle and supply chain. However overall estimates and sizing, various tables and graphs presented in the study gives and impression how big is the impact of COVID.
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Geographically World Consumer Mobile Payments markets can be classified as North America, Europe, Asia Pacific (APAC), Middle East and Africa and Latin America. North America has gained a leading position in the global market and is expected to remain in place for years to come. The growing demand for Consumer Mobile Payments markets will drive growth in the North American market over the next few years.
In the last section of the report, the companies responsible for increasing the sales in the Consumer Mobile Payments Market have been presented. These companies have been analyzed in terms of their manufacturing base, basic information, and competitors. In addition, the application and product type introduced by each of these companies also form a key part of this section of the report. The recent enhancements that took place in the global market and their influence on the future growth of the market have also been presented through this study.
Report Highlights:
- Comprehensive overview of parent market& substitute market
- Changing market dynamics in the industry (COVID & Economic Impact Analysis)
- In-depth market segmentation (Trends, Growth with Historical & Forecast Analysis)
- Recent industry trends and development activity
- Competitive landscape (Heat Map Analysis for Emerging Players & Market Share Analysis for Major Players along with detailed Profiles)
Strategic Points Covered in Table of Content of Consumer Mobile Payments Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Global Consumer Mobile Payments market
Chapter 2: Exclusive Summary – the basic information of the Global Consumer Mobile Payments Market.
Chapter 3:Changing Impact on Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Global Consumer Mobile Payments; Post COVID Analysis
Chapter 4: Presenting the Global Consumer Mobile Payments Market Factor Analysis, Post COVID Impact Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2016-2021
Chapter 6: Evaluating the leading manufacturers of the Global Consumer Mobile Payments market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2021-2027)
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Key questions answered
- Who are the Leading key players and what are their Key Business plans in the Consumer Mobile Payments market?
- What are the key concerns of the five forces analysis of the Consumer Mobile Payments market?
- What are different prospects and threats faced by the dealers in the Consumer Mobile Payments market?
- What possible measures players are taking to overcome and stabilize the situation?
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