Chicago, IL -- (SBWIRE) -- 10/11/2016 -- According to the report, "Mobile Money Market, by Type (Transactions, Payment Modes, Items Purchased), End-user (BFSI, IT & Telecom, Retail, Hospitality, Transportation, Media & Entertainment), and Geography (North America, Europe, Asia-Pacific, Middle East & Africa, Latin America) - Global Opportunity Analysis and Industry Forecast, 2014 - 2022", the market for mobile money is set to grow at a healthy rate during the forecast period, due to the advancing technologies and the rise in the demand from around the world.

The global mobile money market report offers in-depth understanding of the growth trends and revenue forecasts for the global market. The report also offers information about the market drivers, restraints, segmentation, and the key market players.

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According to the mobile money market report, the global market is set to witness an impressive rise in the demand during the forecast period. This demand is attributed to the rising demand and adoption of the smartphones among various end-user segments and the rapidly advancing technologies in the market. The growing demand from the BRICS countries is also a significant driving factor for the global market. The major restraining factors highlighted by the report include the lack of awareness, issues with data security, and incompatibility of the mobile devices. However, the rising demand for convenient banking services is expected to create major business opportunities for this market by 2022.

The mobile money market report segments the global market by the types, end-users, and the major geographic regions. The types include items purchased, payment modes, and transactions. The end-user segments include IT & telecom, media & entertainment, hospitality, retail, and transportation. The major geographic segments of the market include Latin America, Asia-Pacific, Europe, North America, and Middle East & Africa. According to the report, the Asia-Pacific region is expected to witness the fastest growth during the forecast period. Asia-Pacific is also expected to hold a larger share of the overall market. The region is expected to offer impressive growth opportunities with the advancing technologies and the rapid economic growth.

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The mobile money market report includes information about the key market players, which include Airtel India, Google, Inc., Mastercard, Monitise, Paypal Pte. Ltd., Paytm, Visa, Inc., Vodafone Group, and such others. The rising demand from the emerging markets and the constant strategic moves by the key players are expected to create impressive growth prospects for this market on the global scale.

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