Global mobile payments market 2024-2028

Description

List of Tables

The mobile payments market is forecasted to grow by USD 143852.4 mn during 2023-2028, accelerating at a CAGR of 28.22% during the forecast period. The report on the mobile payments market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising number of online transactions, rising deployment in emerging economies, and advantages of mobile payments.

Technavio's mobile payments market is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	21.17%
CAGR	28.22%
Incremental Value	$143852.4mn

By Location

Remote payment
Proximity payment

By Type

Money transfers
Merchandise purchases
Bill payments
Others

By Geographical Landscape

APAC
Europe
North America
South America
Middle East and Africa

This study identifies the growing emergence of mobile apps for shopping transactions as one of the prime reasons driving the mobile payments market growth during the next few years. Also, rise in mobile biometrics for payment and growing demand for payment wallets will lead to sizable demand in the market.

The report on the mobile payments market covers the following areas:

Mobile payments market sizing
Mobile payments market forecast
Mobile payments market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading mobile payments market vendors that include Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., American Express Co., Ant Group, Apple Inc., JPMorgan Chase and Co., Mahindra and Mahindra Ltd., Mastercard Inc., MoneyGram Payment Systems Inc., NASPERS Ltd., One97 Communications Ltd., PayPal Holdings Inc., Samsung Electronics Co. Ltd., Tencent Holdings Ltd., Visa Inc., and Vodafone Group Plc. Also, the mobile payments market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR74765

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Location
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
2.2 Market characteristics
- Market characteristics analysis
2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition
3.2 Market segment analysis
- Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global Mobile Payments Market 2018 - 2022
- Historic Market Size - Data Table on Global Mobile Payments Market 2018 - 2022 ($ million)
4.2 Location segment analysis 2018 - 2022
- Historic Market Size - Location Segment 2018 - 2022 ($ million)
4.3 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ million)
4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Location

6.1 Market segments
- Chart on Location - Market share 2023-2028 (%)
- Data Table on Location - Market share 2023-2028 (%)
6.2 Comparison by Location
- Chart on Comparison by Location
- Data Table on Comparison by Location
6.3 Remote payment - Market size and forecast 2023-2028
- Chart on Remote payment - Market size and forecast 2023-2028 ($ million)
- Data Table on Remote payment - Market size and forecast 2023-2028 ($ million)
- Chart on Remote payment - Year-over-year growth 2023-2028 (%)
- Data Table on Remote payment - Year-over-year growth 2023-2028 (%)
6.4 Proximity payment - Market size and forecast 2023-2028
- Chart on Proximity payment - Market size and forecast 2023-2028 ($ million)
- Data Table on Proximity payment - Market size and forecast 2023-2028 ($ million)
- Chart on Proximity payment - Year-over-year growth 2023-2028 (%)
- Data Table on Proximity payment - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Location
- Market opportunity by Location ($ million)
- Data Table on Market opportunity by Location ($ million)

7 Market Segmentation by Type

7.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
7.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
7.3 Money transfers - Market size and forecast 2023-2028
- Chart on Money transfers - Market size and forecast 2023-2028 ($ million)
- Data Table on Money transfers - Market size and forecast 2023-2028 ($ million)
- Chart on Money transfers - Year-over-year growth 2023-2028 (%)
- Data Table on Money transfers - Year-over-year growth 2023-2028 (%)
7.4 Merchandise purchases - Market size and forecast 2023-2028
- Chart on Merchandise purchases - Market size and forecast 2023-2028 ($ million)
- Data Table on Merchandise purchases - Market size and forecast 2023-2028 ($ million)
- Chart on Merchandise purchases - Year-over-year growth 2023-2028 (%)
- Data Table on Merchandise purchases - Year-over-year growth 2023-2028 (%)
7.5 Bill payments - Market size and forecast 2023-2028
- Chart on Bill payments - Market size and forecast 2023-2028 ($ million)
- Data Table on Bill payments - Market size and forecast 2023-2028 ($ million)
- Chart on Bill payments - Year-over-year growth 2023-2028 (%)
- Data Table on Bill payments - Year-over-year growth 2023-2028 (%)
7.6 Others - Market size and forecast 2023-2028
- Chart on Others - Market size and forecast 2023-2028 ($ million)
- Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Chart on Others - Year-over-year growth 2023-2028 (%)
- Data Table on Others - Year-over-year growth 2023-2028 (%)
7.7 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
9.9 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
9.10 India - Market size and forecast 2023-2028
- Chart on India - Market size and forecast 2023-2028 ($ million)
- Data Table on India - Market size and forecast 2023-2028 ($ million)
- Chart on India - Year-over-year growth 2023-2028 (%)
- Data Table on India - Year-over-year growth 2023-2028 (%)
9.11 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ million)
- Data Table on UK - Market size and forecast 2023-2028 ($ million)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
9.12 South Korea - Market size and forecast 2023-2028
- Chart on South Korea - Market size and forecast 2023-2028 ($ million)
- Data Table on South Korea - Market size and forecast 2023-2028 ($ million)
- Chart on South Korea - Year-over-year growth 2023-2028 (%)
- Data Table on South Korea - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Opportunity/Restraints

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
10.4 Market opportunities/restraints

11 Competitive Landscape

11.1 Overview
11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
11.3 Landscape disruption
- Overview on factors of disruption
11.4 Industry risks
- Impact of key risks on business

12 Competitive Analysis

12.1 Companies profiled
- Companies covered
12.2 Market positioning of companies
- Matrix on companies position and classification
12.3 Alibaba Group Holding Ltd.
- Alibaba Group Holding Ltd. - Overview
- Alibaba Group Holding Ltd. - Business segments
- Alibaba Group Holding Ltd. - Key news
- Alibaba Group Holding Ltd. - Key offerings
- Alibaba Group Holding Ltd. - Segment focus
12.4 Alphabet Inc.
- Alphabet Inc. - Overview
- Alphabet Inc. - Business segments
- Alphabet Inc. - Key offerings
- Alphabet Inc. - Segment focus
12.5 Amazon.com Inc.
- Amazon.com Inc. - Overview
- Amazon.com Inc. - Business segments
- Amazon.com Inc. - Key news
- Amazon.com Inc. - Key offerings
- Amazon.com Inc. - Segment focus
12.6 American Express Co.
- American Express Co. - Overview
- American Express Co. - Business segments
- American Express Co. - Key offerings
- American Express Co. - Segment focus
12.7 Apple Inc.
- Apple Inc. - Overview
- Apple Inc. - Business segments
- Apple Inc. - Key news
- Apple Inc. - Key offerings
- Apple Inc. - Segment focus
12.8 JPMorgan Chase and Co.
- JPMorgan Chase and Co. - Overview
- JPMorgan Chase and Co. - Business segments
- JPMorgan Chase and Co. - Key news
- JPMorgan Chase and Co. - Key offerings
- JPMorgan Chase and Co. - Segment focus
12.9 Mastercard Inc.
- Mastercard Inc. - Overview
- Mastercard Inc. - Product / Service
- Mastercard Inc. - Key news
- Mastercard Inc. - Key offerings
12.10 MoneyGram Payment Systems Inc.
- MoneyGram Payment Systems Inc. - Overview
- MoneyGram Payment Systems Inc. - Product / Service
- MoneyGram Payment Systems Inc. - Key offerings
12.11 NASPERS Ltd.
- NASPERS Ltd. - Overview
- NASPERS Ltd. - Business segments
- NASPERS Ltd. - Key offerings
- NASPERS Ltd. - Segment focus
12.12 One97 Communications Ltd.
- One97 Communications Ltd. - Overview
- One97 Communications Ltd. - Product / Service
- One97 Communications Ltd. - Key offerings
12.13 PayPal Holdings Inc.
- PayPal Holdings Inc. - Overview
- PayPal Holdings Inc. - Product / Service
- PayPal Holdings Inc. - Key news
- PayPal Holdings Inc. - Key offerings
12.14 Samsung Electronics Co. Ltd.
- Samsung Electronics Co. Ltd. - Overview
- Samsung Electronics Co. Ltd. - Business segments
- Samsung Electronics Co. Ltd. - Key news
- Samsung Electronics Co. Ltd. - Key offerings
- Samsung Electronics Co. Ltd. - Segment focus
12.15 Tencent Holdings Ltd.
- Tencent Holdings Ltd. - Overview
- Tencent Holdings Ltd. - Business segments
- Tencent Holdings Ltd. - Key news
- Tencent Holdings Ltd. - Key offerings
- Tencent Holdings Ltd. - Segment focus
12.16 Visa Inc.
- Visa Inc. - Overview
- Visa Inc. - Product / Service
- Visa Inc. - Key news
- Visa Inc. - Key offerings
12.17 Vodafone Group Plc
- Vodafone Group Plc - Overview
- Vodafone Group Plc - Business segments
- Vodafone Group Plc - Key news
- Vodafone Group Plc - Key offerings
- Vodafone Group Plc - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
13.3 Currency conversion rates for US$
- Currency conversion rates for US$
13.4 Research methodology
- Research methodology
13.5 Data procurement
- Information sources
13.6 Data validation
- Data validation
13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
13.8 Data synthesis
- Data synthesis
13.9 360 degree market analysis
- 360 degree market analysis
13.10 List of abbreviations
- List of abbreviations