M-Commerce Payments Market Scope
Mobile commerce can be defined as electronic sales and commerce done by mobile. Mobile dominance and dependence are increasing and many mobile payment applications are being developed which allow consumers to pay conveniently. Cashless transactions are becoming a new trend and both of these can be considered as the major business growth influencers that can not be ignored.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Apple (United State), Mastercard (United State), Square, Inc. (United State), Visa (United State), Google (United State), Samsung (South Korea), ACI Worldwide Inc.(United State), DH Corporation (Canada) and FIS (United State) |
CAGR | % |
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global M-Commerce Payments market throughout the predicted period.
Apple (United State), Mastercard (United State), Square, Inc. (United State), Visa (United State), Google (United State), Samsung (South Korea), ACI Worldwide Inc.(United State), DH Corporation (Canada) and FIS (United State) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are PayPal (United State) and Fiserv (United State).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global M-Commerce Payments market by Type , by Application (Food delivery apps, Restaurant booking apps, Ticket apps, Retail store apps, Social apps, Gaming apps (in-game purchase) and Banking apps) and Region with country level break-up.
On the basis of geography, the market of M-Commerce Payments has been segmented into 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In February 2016, After having gained national footprint post its acquisition of ING Vysya Bank towards the end of 2014, Kotak Mahindra Bank has now set its eyes on grabbing a large pie of the payments bank business.
In June 2023 , Judopay, the leading mobile payments provider today announces that, following its acquisition by Fabrick S.p.A., it will be launching a payment orchestration solution for its customers, across a range of sectors, including mobility, hospitality, retail and eCommerce.
According to Chineses Government, they made a regulation that most of the consumer will require all mobile payments to be cleared through the PBOC, and hence, all mobile payment transactions will begin to touch the hands of the Chinese Communist Party (CCP).
Influencing Trend:
M-Commerce Payments Has Emerged As a Popular Payment Choice among Young and Affluent Consumers
Market Growth Drivers:
Increased Penetration of Smartphones all over the World and Increased Internet Infrastructure across the Globe
Challenges:
Lack of Awareness among the Underdeveloped Countries and Diversified Regulations and Policies Present Across Regions
Restraints:
Dearth of Mobile Friendly Websites and Security Issue
Opportunities:
Technology Integration Opportunities and Utilization of Device-Specific Capabilities
Key Target Audience
M-Commerce Payments Devices Manufacturers, M-Commerce Payments Devices Traders/Distributors, Technology Investors, Regulatory & Government Bodies, End Users and Others