M-Commerce Payments Market : An Insight On the Important Factors and Trends Influencing the Market
Owing to the growing ubiquity of smartphones, the prosperity of the m-commerce payments is almost certain, with the demand projected to increment at an exceptional CAGR of 46.9% during the forecast period of 2017 to 2022. Sheer ease of usability that m-commerce brings to the users is the most powerful driver of this market, although the slow adoptability has been a little hindrance. In terms of valuation, the revenue in the global m-commerce payments market is estimated to reach US$7.55 bn by 2022, exponentially up from its evaluated worth of merely US$1.11 bn in 2017. Obtain Report Details @ http://www.transparencymarketresearch.com/m-commerce-payments-market.html On the basis of mode of payment, the global m-commerce payments market has been segmented into peer-to-peer transfer payments, near field communication m-commerce payments, and barcode m-commerce payments. In 2017, the peer-to-peer transfer payments segment accounted for US$2.68 bn or 45.1% of the overall demand, and by 2022, the figures are projected to reach US$4.97 bn or 46.2%, respectively. The demand for P2P transfer payments is anticipated to expand at a CAGR of 40.0%, and this absolute growth is larger than that of any other segment. Based on end-use industry, the global m-commerce payments market has been bifurcated into retail m-commerce, hospitality and tourism, IT and telecommunication, banking, financial services and insurance (BFSI), media and entertainment, healthcare, airline, and others. Make an Enquiry @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=30728 Geographically, the report takes stock of the potential of m-commerce payments market in the country of Japan as well as in the regions of North America, Latin America, Europe, Asia Pacific except Japan (APEJ), and the Middle East and Africa (MEA). Among these, North America constitutes the most profitable regional market for the vendors operating in the m-commerce
payments market, expanding the demand at an above-average CAGR of 47.4% during the forecast period of 2017 to 2022. In terms of revenue, the North America m-commerce payments market is estimated to be worth US$2.47 bn by 2022. While Europe currently is the second most lucrative region in the m-commerce payments market, and is projected to increment the demand at a healthy CAGR of 44.0%, the APEJ region is anticipated to exhibit the most promising growth rate of 51.4% during the forecast period of 2017 to 2022. Apple Inc., Alphabet Inc., Mastercard Incorporated, ACI Worldwide, Inc., DH Corporation, Fidelity National Information Services, Inc., Fiserv, Inc., Paypal Holdings, Inc., Square, Inc., Visa, Inc., Jack Henry & Associates Inc., and Samsung Electronics Company Limited are some of the key companies currently operating in the global m-commerce payments market. About Us Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement. Contact Transparency Market Research 90 State Street, Suite 700 Albany, NY 12207 Tel: +1-518-618-1030 USA – Canada Toll Free: 866-552-3453
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