Mobile payment technology (MPT) uses a smart phones, tablets or cell phones to make immediate payments for products and services. Increasing adoption of advanced technologies such as near field communication (NFC), wearable devices, and mobile point-of-sale (m-POS) are expected provide a significant impetus to the global mobile payment technologies market in the forthcoming years.
An up-to-date research report has been disclosed by Market Research Hub highlighting the title “Global and United States Mobile Payment Technology Market Status and Forecast, by Players, Types and Applications Report 2018-2025” which provides an outlook of current market growth as well as the expected forecast including Rate on Investment (ROI) together with growing CAGR near XX% during 2018-2025. The report studies mobile payment technology performance in global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2013 to 2018, and forecast to 2025.
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The mobile payment technology market is slated to grow at a phenomenal pace in the coming years due to increasing usage of smart devices that operate on mobile data. This trend is expected to continue as accessibility to internet improves among end users.
Furthermore, developing regions such as Asia Pacific and the Middle East and Africa are showing a keen interest in adoption of immediate payment technologies as governments are initiating cashless economies.
Moreover, integration of IoT with payment applications provides significant opportunities to extend payment solution offerings and develop enhanced payment technologies. Therefore, it is anticipated that the Internet of Things will boost more payments through digital wallets during the forecast period.
However, low consumer interest for picking new technology is a major factor restraining the growth of the mobile payment technologies market.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Mobile Payment Technology in these regions, from 2013 to 2025 (forecast), covering
Global Mobile Payment Technology Market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
AT & T
Bharti Airtel Ltd
Market segment by Type, the product can be split into
Near field Communication (NFC)
QR Code Payment
Direct Operator Billing (Credit/debit card-based)
Market segment by Application, the market can be split into
Hospitality & Tourism
Media & Entertainment
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Table of Content:
1 Industry Overview of Mobile Payment Technology
1.1 Mobile Payment Technology Market Overview
1.1.1 Mobile Payment Technology Product Scope
1.1.2 Market Status and Outlook
1.2 Global Mobile Payment Technology Market Size and Analysis by Regions
1.2.1 United States
1.2.6 Southeast Asia
1.3 Mobile Payment Technology Market by Type
1.3.1 Proximity Payment
1.3.2 Near field Communication (NFC)
1.3.3 QR Code Payment
1.3.4 Remote Payment
1.3.7 Direct Operator Billing (Credit/debit card-based)
1.3.8 Digital Wallet
1.4 Mobile Payment Technology Market by End Users/Application
1.4.2 Hospitality & Tourism
1.4.4 Media & Entertainment
2 Global Mobile Payment Technology Competition Analysis by Players
2.1 Mobile Payment Technology Market Size (Value) by Players (2017 and 2018)
2.2 Competitive Status and Trend
2.2.1 Market Concentration Rate
2.2.2 Product/Service Differences
2.2.3 New Entrants
2.2.4 The Technology Trends in Future
…………continue (List of Tables and Figures)
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