Competitive Landscape and Strategic Developments in the Global Mobile Payment Market

Isha Deshpande
Jun 3
3 min read

The global mobile payment market size was USD 972.40 Billion in 2022 and is expected to register a rapid revenue CAGR of 14.3% during the forecast period. Increasing use of contactless payments and rising number of loyalty benefits in a mobile environment are key factors driving market revenue growth.

The research report on the Mobile Payment market is formulated through extensive primary and secondary research along with qualitative and quantitative analysis of vital aspects of the market. The insightful data is further validated and verified by the industry professionals. The report strives to offer deeper insights into the overall market scenario of the Mobile Payment business sphere.

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Competitive Terrain:

The global Mobile Payment industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

The leading market contenders listed in the report are:

Google LLC, Samsung Group, Amazon.com Inc., Apple Inc., Paypal Inc., Visa Inc., MasterCard Inc., Alipay.com, American Express Banking Corp., and MobiKwik System Limited

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Additional information offered by the report:

Along with a complete overview of the global Mobile Payment market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
The report elaborates on the global Mobile Payment market size and share governed by the major geographies.
It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
It further presents a detailed description of the company profiles of the key market contenders.

Segments Covered in this report are:

Location Outlook (Revenue, USD Billion; 2019-2032)
- Proximity
- Remote
Mode of Transaction Outlook (Revenue, USD Billion; 2019-2032)
- Mobile Web Payments
- Near Field Communication
- Mobile Application
- Others
End-use Outlook (Revenue, USD Billion; 2019-2032)
- Banking, Financial Services, and Insurance (BFSI)
- Media & Entertainment
- Retail & E-commerce
- Healthcare
- Information Technology (IT) & Telecom
- Others

Radical Highlights of the Mobile Payment Market Report:

Comprehensive overview of the Mobile Payment market along with analysis of the changing dynamics of the market
Growth Assessment of various market segments throughout the forecast period
Regional and global analysis of the market players, including their market share and global position
Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
Impact of the technological developments and R&D advancements on the Mobile Payment market
Information about profit-making strategies and developmental strategies of major companies and manufacturers
Insightful information for the new entrants willing to enter the market
Details and insights about business expansion strategies, product launches, and other collaborations
The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors

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