M-commerce Payment Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
M-commerce payments refer to the use of mobile phones and tablets to complete transactions online for any purchase of online products or services. M-commerce payments are helpful as they provide convenience to the user and save time and effort and involve buying and selling goods and services online through smartphones and tablets.

Sizing and Forecast
The m-commerce payment market size has grown exponentially in recent years. It will grow from $9.84 billion in 2023 to $13.63 billion in 2024 at a compound annual growth rate (CAGR) of 38.5%. The growth in the historic period can be attributed to mobile internet adoption, secure payment technologies, e-wallets and mobile apps, convenience, improved mobile user experience.

The m-commerce payment market size is expected to see exponential growth in the next few years. It will grow to $52.31 billion in 2028 at a compound annual growth rate (CAGR) of 40.0%. The growth in the forecast period can be attributed to contactless payments growth, biometric authentication, blockchain in mobile payments, integration of ai and machine learning, expansion of cryptocurrency payments. Major trends in the forecast period include qr code payments, in-app purchases, mobile banking integration, wearable device payments, peer-to-peer mobile payments.

To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/m-commerce-payment-global-market-report

Segmentation & Regional Insights
The m-commerce payment market covered in this report is segmented –

1) By Payment Method: Near Field Communication, Premium SMS, Wireless Application Protocol, Direct Carrier Billing
2) By Mode of Transaction: Mobile Retailing, Mobile Booking or Ticketing, Mobile Banking, Mobile Billing
3) By End-use Industry: Retail, Hospitality And Tourism, IT And Telecommunication, BFSI, Media And Entertainment, Healthcare, Airline

Asia-Pacific was the largest region in the m-commerce payment market in 2023. Asia-Pacific is expected to have the highest CAGR in m-commerce payment market share. The regions covered in the m-commerce payment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5863&type=smp

Major Driver Impacting Market Growth
The increasing mobile and internet penetration is expected to propel the growth of the m-commerce payment market. M-commerce payment is the use of wireless handheld devices like mobile phones and tablets to conduct commercial transactions online, including the purchase and sale of products, online banking, and paying bills. The increasing internet access and penetration allow more people to access m-commerce services, driving the market. According to Data Reportal, a Singapore-based business intelligence company, as of October 2021, 4.88 billion people (almost 62%) in the world are using the internet. According to forecasts from Ericsson and The Radicati Group, the number of smartphone users is expected to increase from 6.05 billion in 2020 to nearly 7.33 billion by 2025. Therefore, increasing mobile and internet penetration is driving the m-commerce payment market growth.

Key Industry Players
Major companies operating in the m-commerce payment market report are ACI Worldwide Inc., Alphabet Inc., Bharat Interface for Money, Fidelity National Information Services (FIS), Fiserv Inc., Freecharge, Mastercard Inc., MobiKwik, Orange S. A, PayPal Holdings Inc., PayU, Samsung Group, Square Inc., Visa Inc., Alibaba Group, American Express Company, Apple Inc., UnionPay, DH Corporation (D+H now part of Finastra), Discover Financial Services LLC, Ingenico SA, Jack Henry & Associates Inc., Tencent Holdings Ltd., Boku Inc., Telefonaktiebolaget LM Ericsson, Thales Group, International Business Machines Corporation (IBM), Oxygen8 Solutions Inc., SAP SE, BlueSnap Inc., Global Payments Inc., Klarna Bank AB, Payoneer Global Inc., Paysafe Limited, Stripe Inc.

The m-commerce payment market report table of contents includes:

1. Executive Summary

2. M-commerce Payment Market Characteristics

3. M-commerce Payment Market Trends And Strategies

4. M-commerce Payment Market – Macro Economic Scenario

5. Global M-commerce Payment Market Size and Growth

.
.
.

31. Global M-commerce Payment Market Competitive Benchmarking

32. Global M-commerce Payment Market Competitive Dashboard

33. Key Mergers And Acquisitions In The M-commerce Payment Market

34. M-commerce Payment Market Future Outlook and Potential Analysis

35. Appendix

Top Major Players:

ACI Worldwide Inc

Alphabet Inc

Fidelity National Information Services (FIS),

Fiserv Inc

Freecharge

Explore the trending research reports from TBRC:

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293

Email: info@tbrc.info 

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