The consumer mobile payment global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Consumer Mobile Payment Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The consumer mobile payment market size has grown exponentially in recent years. It will grow from $63.01 billion in 2023 to $82 billion in 2024 at a compound annual growth rate (CAGR) of 30.1%. The growth in the historic period can be attributed to increasing smartphone penetration and internet connectivity, growth of digital wallets and mobile payment apps, convenience and ease of use in conducting transactions, adoption by merchants and businesses for cashless payments, rise in consumer preference for contactless and secure payment methods, expansion of e-commerce and online shopping platforms, government initiatives promoting digital payment adoption.
The consumer mobile payment market size is expected to see exponential growth in the next few years. It will grow to $236.53 billion in 2028 at a compound annual growth rate (CAGR) of 30.3%. The growth in the forecast period can be attributed to continuation of smartphone proliferation and mobile internet access, expansion of mobile payment acceptance in retail and service sectors, growth of peer-to-peer payment platforms and social commerce, increasing demand for financial inclusion and accessibility, adoption of mobile payments in emerging markets and unbanked populations. Major trends in the forecast period include integration of biometric authentication, growth in demand for peer-to-peer platforms, development of solutions for in-store and online purchases, collaboration between providers and merchants, expansion of options for transportation services, adoption of qr code technology, integration into messaging platforms, increasing emphasis on cybersecurity.
Order your report now for swift delivery @
https://www.thebusinessresearchcompany.com/report/consumer-mobile-payment-global-market-report
Scope Of Consumer Mobile Payment Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Consumer Mobile Payment Market Overview
Market Drivers –
The surge in the penetration of contactless payments is expected to drive the growth of the consumer mobile payment market going forward. Contactless payment is a secure transaction method where users can tap or wave their card, smartphone, or wearable device near a compatible terminal to purchase without physically swiping or inserting the card. Contactless payment adoption offers convenience, security, and improved consumer experiences, making it a valuable trend in modern payment systems. The surge in contactless payment penetration enhances convenience and safety, driving growth in the consumer mobile payment market by encouraging the adoption of mobile payment platforms and accelerating the shift towards cashless transactions. For instance, in September 2023, according to reports published by the Consumer Financial Protection Bureau (CFPB), a US-based independent agency of the United States government, U.S. consumers spent $65.2 billion at stores using Google Pay in 2022, which is an increase from $24.8 billion in 2021. Therefore, the surge in the penetration of contactless payment is driving the growth of the consumer mobile payment market.
Market Trends –
Major companies operating in the continuous integration tools market are developing innovative technologies, such as quality integration frameworks, to expand CI/CD and AI-driven testing capabilities within their DevOps platform. A quality integration framework is a structured approach or system that integrates data, methods, and activities to enhance quality and cost-effectiveness within a specific context. For instance, in September 2022, Copado Solutions, S.L., a US-based low-code DevOps solution, launched the Quality Integration Framework. This framework allows users to embed end-to-end testing, security, and compliance into CI/CD pipelines, providing a user-story-centric view of tests, quality gates, policies, security, and compliance rules in one place where CI/CD pipelines are managed, offering users the flexibility to choose their preferred authoring mode and integrate various testing, security, and compliance tools seamlessly into their development pipeline.
The consumer mobile payment market covered in this report is segmented –
1) By Mode of Payment: Remote, Proximity
2) By Technology: Near Field Communication (NFC), Direct Mobile Billing, Mobile Web Payment, Short Message Services, Interactive Voice Response System, Mobile App, Other Technologies
3) By End-User Industry: Retail, Hospitality And Tourism, Information Technology And Telecommunication, Banking, Financial Services, and Insurance (BFSI), Media And Entertainment, Healthcare, Airline, Other End Users
Get an inside scoop of the consumer mobile payment market, Request now for Sample Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=14683&type=smp
Regional Insights –
North America was the largest region in the consumer mobile payment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the consumer mobile payment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the consumer mobile payment market are Amazon.com Inc., Apple Inc., Alphabet Inc., Samsung Electronics Co. Ltd., Alibaba Group Holdings Limited, American Express Company, Visa Inc., PayPal Holdings Inc., MasterCard Incorporated, Thales Group, Fiserv Inc., Square Inc., Bharti Airtel Ltd., Fidelity National Information Services Inc., Orange Polska SA, Grubhub Inc., Jack Henry & Associates Inc., Block Inc., ACI Worldwide Inc., Money Gram International Inc., Dawood Hercules Corporation Limited, Oxigen S.ervices Pvt. Ltd., Mobikwik Systems Ltd., ZipCash Card Services Pvt. Ltd., Vodafone M-pesa Limited, One97 Communication India Ltd., Citrus Payment Solutions Pvt. Ltd
Table of Contents
1. Executive Summary
2. Consumer Mobile Payment Market Report Structure
3. Consumer Mobile Payment Market Trends And Strategies
4. Consumer Mobile Payment Market – Macro Economic Scenario
5. Consumer Mobile Payment Market Size And Growth
…..
27. Consumer Mobile Payment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model”
