Mobile Payment Technology With the adoption and spread of mobile payments, leading companies like Apple, Google, and MCX have entered the competition. These market participants have launched the next generation of transactional applications that not only rationalize business processes but also offer greater transaction savings. As the number of end users increases, the focus will shift towards future security and transaction rates. The mobile payment technology market is expected to grow at an alarming pace in the next few years, driven by increased use of smart devices that operate on mobile data. This trend is expected to continue as end-user access to the Internet improves. Developing countries such as Asia Pacific and the Middle East and Africa are also keen to adopt instant payment technology as the government launches a cashless economy.
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This research study presents an all-inclusive assessment of the global Mobile Payment Technology market, considering various industry parameters, such as the manufacturing capacity, product pricing, demand, supply, and sales dynamics, returns on investments (RoI), and the growth rate of the overall market.
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By mode of transaction, in 2015, SMS accounted for about 54% of the overall mobile payments market revenue, followed by wireless application protocol (WAP), which covers one third of the overall mobile payments market size. However, NFC has high growth potential and is anticipated to exhibit CAGR of around 36% during the forecast period.
Growing shipment of NFC enabled smartphones and increased merchant support for NFC technology across the point of sale terminals would fuel the growth of this segment.
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Companies Profiled in this report includes
PayPal, Boku Inc, Fortumo, AT & T,Vodafone Ltd, Bharti Airtel Ltd, Google, Apple, Microsoft Corporation, and among others.
A detailed evaluation of the competitive landscape of the global Mobile Payment Technology market has also been presented in this market study. Researchers have reviewed the profiles of the leading companies functional in this market in a bid to assess their growth prospects and the key strategies they have adopted for the development of their businesses.
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Objective to Access the Report:
A majority of players in the Global Mobile Payment Technology Market are focusing towards product differentiation in order to stay ahead. Several key players are collaborating and partnering as go-to strategies to maintain their position in the market.
Besides this, players are also banking on unconventional production technologies, which is projected to unfold immense opportunities for market growth. With the demand for the market products following a healthy growth trajectory, the competitive rivalry in the market is likely to intensify in the near future.
However, a seven-year review period has been taken into consideration for assessing global sales price. A parallel pattern of analysis has been practiced for evaluating sales and capacity factors that include growth rate.
Table of Contents
Global Mobile Payment Technology Market Research Report 2017
Chapter 1 Global Mobile Payment Technology Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Market Forecast
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