Lewes, DE -- (SBWIRE) -- 09/15/2015 -- Report forecast the global mobile payment market to grow at a CAGR of 36.26%, in terms of transaction volume, over the period 2014-2019.

Mobile payment is a form of payment where an end-user can initiate a transaction using a mobile device for goods and services through communication networks or technologies. Mobile payment allows consumers to use a mobile device to pay for goods and services instead of using cash, check, and credit/debit cards. It is also referred to as mobile money, mobile money transfer, and mobile wallet.

In terms of number of end-users, the market is expected to grow at a CAGR of 18.10% during the forecast period.

This report covers the present scenario and the growth prospects of the global mobile payment market for the period 2015-2019. To calculate the market size, the report considers the total transaction volume sourced through mobile devices. In addition, the report discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.

Global Mobile Payment Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the global mobile payment market and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

According to the report, security and data privacy are the prime concerns for clients in the mobile payment model. Industry practitioners are constantly evolving and improving the security required to process online payments. Mobile payments in some cases also involve verification of personal identification documents such as driving licenses, passports, and social security numbers. This has helped clients gain confidence in the model and increased convenience by reducing offline documentation.

Key players in the Global Mobile Payment Market: Gemalto, Google, Mahindra Comviva, MasterCard, Orange, PayPal, Visa and Vodafone Group

Other Prominent Vendors in the market are: Airtel Money, Alipay, Amazon.com, American Express, Apple, Bank of America, Citrus Payment Solutions, Dwolla, First Data, LevelUp, LivQuik, MCX, Mobikwik, m-pesa, One97 Communication, Oxigen, Square, Tata Teleservices, Venmo, Y-Cash Software Solutions, ZipCash and ZipPay

Key market driver
- Increased security
- For a full, detailed list, view our report

Key market challenge
- Infrastructure inadequacies
- For a full, detailed list, view our report

Key market trend
- Growing awareness about use of mobile wallets
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 60 pages "Global Mobile Payment Market 2015-2019" report covers Executive Summary, Scope of the Report, Market Research Methodology, Introduction, Market landscape, Market segmentation by product, Geographical segmentation, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

For further information on this report, please visit- http://www.marketresearchreports.com/technavio/global-mobile-payment-market-2015-2019

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