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New study: +25% CAGR growth to be achieved by mobile payment transaction services market by 2022

New study: +25% CAGR growth to be achieved by mobile payment transaction services market by 2022

This report studies the Mobile Payment Transaction Services market status and outlook of global and major regions, from angles of players, regions, product and end Application/industries; this report analyzes the top players in global and major regions, and splits the Mobile Payment Transaction Services market by product and Application/end industries.

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United States will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Mobile Payment Transaction Services.

Global Mobile Payment Transaction Services market is projected to grow at a CAGR of +25%.

The key drivers for growth of the market include convenience and immediacy.

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However, security associated with mobile based transactions is the major factor restraining the market growth. As such, a horde of mobile money propositions like carrier billing are still highly pertinent to consumers with no credit cards or as a expedient way of purchasing apps in app stores and online content.

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Money transfer segment accounted for more than 50% share of the mobile payment transaction market in 2014. On the other hand, merchandise purchase segment is expected to gain grip during the forecast period.

More than 20 percent of mobile payment users utilized selected online wallets such as PayPal or Google Wallet in the United States. Rising NFC option is how retailers are utilizing mobile money together with other key retail elements like, rewards, offers, and loyalty to remain significant on the high street.

With huge sections of the population unbanked so far vigorously using feature phones to access mobile money services and pay for physical goods, bill payments, money transfer, or accessing digital goods and services persist to rule. Some of the key players in global mobile payment transaction services market are Braintree, Clinkle, Google Wallet, MasterCard, MoneyBookers, Paypal, SinglePoint, Venmo, Visa, LevelUp and WorldPay.

Purposes of mobile transactions Covered: Ticketing, Money Transfer, Merchandise Purchase, Bill Payment, and Other Purposes: Technologies Covered, WAP/ WEB, USSD, SMS Mobile Payment Transactions and NFC.

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This study estimates the factors that are boosting the development of the global Mobile Payment Transaction Services market, on the basis of key principles segments such as end-users, application, product, technology, and region are surveyed comprehensively. A thorough examination has been done in this report to bring about the share and position of global Mobile Payment Transaction Services market.

In the report, a complete analysis of the growth revenue is offered. 

The research report also mentions the innovations, new developments, marketing strategies, branding techniques, and products of the key participants present in the global Mobile Payment Transaction Services market. The reports offer the opportunities and restraint that may hit the market players in the future.

Through this report, consumers can easily get the notion for their growth of global Mobile Payment Transaction Services products in the market.

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