PUBLISHER: Lucintel | PRODUCT CODE: 1523015
PUBLISHER: Lucintel | PRODUCT CODE: 1523015
Mobile Money Trends and Forecast
The future of the global mobile money market looks promising with opportunities in the money transfer, bill payment, airtime transfer and top-ups, travel and ticketing, and merchandise and coupon markets. The global mobile money market is expected to reach an estimated $33.8 billion by 2030 with a CAGR of 22.0% from 2024 to 2030. The major drivers for this market are rise in the number of mobile subscribers and increasing government efforts to encourage a cashless economy.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Mobile Money by Segment
The study includes a forecast for the global mobile money by type of payment, transaction mode, nature of payment, application, and region.
List of Mobile Money Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies mobile money companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the mobile money companies profiled in this report include-
Mobile Money Market Insights
Lucintel forecasts that proximity payment is expected to witness higher growth over the forecast period due to rising adoption of mobile payment technologies.
Within this market, money transfer will remain the largest segment.
APAC will remain the largest region over the forecast period due to rapid adoption of mobile money solutions and significantly growing e-commerce industry in the region.
Features of the Global Mobile Money Market
Market Size Estimates: Mobile money market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Mobile money market size by various segments, such as by type of payment, transaction mode, nature of payment, application, and region in terms of value ($B).
Regional Analysis: Mobile money market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type of payment, transaction modes, nature of payment, applications, and regions for the mobile money market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the mobile money market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the mobile money market size?
Answer: The global mobile money market is expected to reach an estimated $33.8 billion by 2030.
Q2. What is the growth forecast for mobile money market?
Answer: The global mobile money market is expected to grow with a CAGR of 22.0% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the mobile money market?
Answer: The major drivers for this market are rise in the number of mobile subscribers and increasing government efforts to encourage a cashless economy.
Q4. What are the major segments for mobile money market?
Answer: The future of the mobile money market looks promising with opportunities in the money transfer, bill payment, airtime transfer and top-ups, travel and ticketing, and merchandise and coupon markets.
Q5. Who are the key mobile money market companies?
Answer: Some of the key mobile money companies are as follows:
Q6. Which mobile money market segment will be the largest in future?
Answer: Lucintel forecasts that proximity payment is expected to witness higher growth over the forecast period due to rising adoption of mobile payment technologies.
Q7. In mobile money market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to rapid adoption of mobile money solutions and significantly growing e-commerce industry in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.