Market Highlights: In recent years mobile payment has top priority in the financial industry and risen tremendously, particularly in the millennial and generation Z group across the world. Mobile payments have the potential to significantly change the consumerís preferences to pay for goods and services. The recent adoption of Near Field Communication (NFC) technology to the payment industry is one of the major driving agents in the growth of the mobile payment market. In emerging economies includes India, China and Brazil with high penetration of smartphone and low banking services, mobile payment are getting a better opportunity in these geographic regions. The market study is being classified by Type (Mobile wallet/Bank cards and Mobile money), by Application (Retail, BFSI, Telecom and IT, Media and Entertainment, Healthcare, Travel and Hospitality, Transportation and Logistics, Energy and Utilities and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Mobile Payments are Apple (United States), Google (United States), PayPal (United States), Mastercard (United States), One97 Communications (Paytm) (India), Bharti Airtel (India), Vodafone (United Kingdom), Orange S.A. (France), Samsung Pay (South Korea), Verifone (United States), Square, Inc. (United States) and Alipay (China).
Key Questions Answered in the Report What will the Mobile Payments Market size and the growth rate be in Future? What are the key factors driving the Mobile Payments Market? What are the key market trends and macro-economic impacting the growth of the Mobile Payments Market? What are the challenges to market growth? Who are the key vendors in the Mobile Payments Market? What are the market opportunities and threats faced by the vendors in the Mobile Payments Market? Trending factors influencing the market shares of the Players. What are the key outcomes of the five forces analysis of the Mobile Payments Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Mobile Payments market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Mobile Payments market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Mobile Payments Service Providers, Software Developers, Government Agencies, Payment Solution and Service Providers, Mobile Network Operators, Credit/Debit Card Providers, End Users and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.