Sunday, 25 June 2017

Global Mobile Payment Technologies Market is Expected to Progress at a CAGR of 20.5% by 2024; Proximity Payment Methods to Shine Bright Throughout Forecast Period

ResearchMoz added Latest Research Report titled " Mobile Payment Technologies Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024 " to it's Large Report database.

Global Mobile Payment Technologies Market: Overview

This report provides an analysis of the global mobile payment technologies market for the period from 2014 to 2024, wherein the period from 2016 to 2024 comprises the forecast period and 2015 is the base year. Data for 2014 is provided as historical information. The report covers all the major trends and technologies playing a major role in the growth of the mobile payment technologies market over the forecast period. It also highlights various drivers, restraints, and opportunities expected to influence the market’s growth during this period. The study provides a holistic perspective of the growth of the mobile payment technologies market throughout the forecast period in terms of revenue estimates (in US$ Bn), across Asia Pacific (APAC), South America, North America, Europe, and Middle East & Africa (MEA).

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Global Mobile Payment Technologies Market: Drivers and Trends

Mobile payment is a technology which allows consumers to make immediate payments for products and services by using a portable electronic device such as a smart phones, tablets or cell phones, which are operated as a payment vehicles. Growing adoption of advanced technologies such as near field communication, wearable devices, and mobile point-of-sale are expected to lift the demand for mobile payment technologies in forthcoming years. The adoption of immediate payment technologies are unceasingly increasing in developing regions such as Asia Pacific and MEA. This is also a major factor which is expected to boost the mobile payment technologies market in the coming years. Apart from this, rapid developments in the mobile payment solutions to provide better payment service to the end-users are also anticipated to fuel the growth of the mobile payment technologies market. In addition, growing government led initiatives and increasing adoption of smart appliances are anticipated to drive the market. Moreover, integration of IoT with payment applications provides major opportunities to extend payment solution offerings and develop enhanced payment technologies. Consequently, it is anticipated that the Internet of Things will boost more payments through digital wallets during the forecast period.

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