Asia Pacific is expected to have a 35% mobile payment transaction market share by 2032, and is expected to hold the largest market share. The WAP/WEB segment represents more than 40% market share. MEA is expected to hold a 25% market share of mobile payment transactions by 2032.
NEWARK, Del., August 24, 2022 /PRNewswire/ — The mobile payment transaction market is expected to see a CAGR of 34.5% and is expected to grow from US$54.47 billion in 2022 at US$1055.36 billion by 2032.
The demand for mobile payment transaction solutions is driven by the expansion of high-speed mobile networks and the proliferation of smartphones. Growth of e-commerce businesses and digitization of payment systems are fueling developments in the industry.
There is intense competition in the consumer market due to the many payment service providers investing in their businesses. Companies building payment apps, including Google Pay, Alipay, Amazon Pay and others, are using innovative tactics to retain existing customers and gain new ones.
Request sample PDF @ https://www.futuremarketinsights.com/reports/sample/rep-gb-262
The adoption of mobile payment transactions is expected to increase thanks to artificial intelligence (AI). AI helps companies assess their data and spot patterns. It also helps to track and determine consumer buying trends.
However, this raises concerns for customer security and increases the possibility of inappropriate use of their sensitive data. This is expected to hamper the growth of the mobile payment transaction market.
Players attract customers from United States and Canada by implementing tactics including refund and reward systems, among others. Moreover, strategic alliances between banks, payment services and network providers can also accelerate market expansion. Companies like Apple Pay, Advanzia Bank, Vodafone, Payconiq and others have invested in Europe to drive demand for mobile payment transactions.
Key takeaways from the mobile payment transaction market
- The mobile payment transaction market is expected to have a CAGR of 34.5% during the forecast period.
- The mobile payment transaction market is expected to have a valuation of US$1055.36 billion by 2032.
- The mobile payment transaction market is valued at US$54.47 billion in 2022.
- The mobile payment transaction market is segmented on the basis of technology, with the WAP/WEB segment expected to hold 60% share during the forecast period.
- Based on the purpose, commodity purchasing holds the leading position in the mobile payment transaction market over the forecast period.
- Asia Pacific expected to hold the largest mobile payment transaction market share with 35% by 2032.
- Eastern Europe is expected to show a significant CAGR of 29.1% during the forecast period.
Chat with our expert @ https://www.futuremarketinsights.com/ask-question/rep-gb-262
Large companies are investing in the creation of innovative solutions for mobile payment transactions. In order to enter the industry, several network operators and mobile payment companies are working together and taking advantage of new opportunities.
GoogleWallet, Visa, MasterCard, PayPal, and Braintree are some of the major players in the mobile payment transaction market.
In order to offer value-added services and improve the consumer experience, major companies in the mobile payment transaction market are adopting these payment solutions. Companies are integrating payment choices into their internal application to provide a simple checkout process.
Recent Developments/New Launches:
- Amazon Inc. and Affirm Holdings have worked together to provide specialized services called “buy now, pay later” (BNPL) to some of the best-known e-commerce customers in 2021. BNPL’s services were in high demand during the outbreak , according to the companies.
- Boku Inc. introduced the first mobile payment network (M1ST) in August 2021, as well as more than 330 payment options such as real-time payment systems, mobile wallets and direct carrier billing. Thanks to a single integration, this launch is accessible in 900 different countries.
To purchase this report, visit @ https://www.futuremarketinsights.com/checkout/262
Market by Segmentation
- SMS mobile payment transactions
- Purchase of goods
- Money transfer
- Payment of bills
- Other purpose
- North America
- Latin America
- East Asia
- South Asia
- Middle East and Africa
Request a brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-262
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply-side trends
1.4. Analysis of the technology roadmap
1.5. Analysis and recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limits
3. Market context
3.1. Market dynamics
3.2. Scenario forecast
3.2.1. Demand in the optimistic scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in the conservative scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s analysis
3.6. Regulatory landscape
3.6.1. By key regions
3.6.2. By key countries
3.7. Regional Parent Market Outlook
4. Global Mobile Payment Transactions Market Analysis 2017-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value Analysis (USD Million), 2017-2021
4.2. Current and Future Market Size Value Projections (USD Million), 2022-2032
Explore extensive IMF coverage Technology Market Outlook Landscape:
Procurement Software Market: Global Procurement Software is expected to be valued at US$6,548.9 million in 2022 and is expected to secure a CAGR of 12.3% during the forecast period. The market is expected to grow to a value of US$20,937.9 million by 2032.
Remote Asset Management Market: The remote asset management market is expected to register a CAGR of 10.9% during the forecast period from USD 25,219.8 million in 2022 to reach a valuation of USD 75,553 million by 2032.
Satellite modem market: Global demand for satellite modems is expected to grow at a CAGR of 15.4% through 2032. Market revenue is expected to be valued at US$450 million in 2022 and show revenue growth of US$1,890 million by 2032.
Recruitment Automation Software Market: The Global Recruitment Automation Software Market was valued at around 496.8 Million US$ in 2021. With a forecast CAGR of 2.7% for the next ten years, the market is expected to reach a valuation of nearly 660 million US dollars by the end of 2032. .
commercial printer market: The global commercial printer market is worth US$789.5 million in 2022. The commercial printer market is expected to expand at a slow CAGR of 2.3% and reach US$987.9 million by 2032.
Legal services market: The global legal services industry is expected to grow at a CAGR of 4.6% during the forecast period from 2022 to 2032. The legal services market is expected to generate a valuation of US$400 billion by the end of 2022.
network equipment market: Global Networking Equipment Market is expected to be valued at US$65,788 Million by 2032, from US$29,544 Million in 2022, and to grow at a CAGR of 8.3% during the forecast period .
Calendered Polyvinyl Chloride Flexible Film Market: The calendered polyvinyl chloride flexible film market looks poised for a massive valuation of US$28,240 million in 2032. The market is expected to grow at a fair CAGR of 5.3% during the forecast period, and is estimated to $16,850 million like in 2022.
Wafer Inspection Market: The wafer inspection market is expected to grow at a robust CAGR of 10.6% during the forecast period. The valuation of US$3598.2 million in 2022 is expected to rise to nearly US$9867.7 million by 2032.
voice assistant market: The voice assistant market size is expected to grow at a CAGR of 19% and is expected to be worth US$4,329.0 million in 2022. The market size is expected to reach US$24,588 million by 2032.
Future Market Insights (ESOMAR certified market research organization and member of Greater New York Chamber of Commerce) provides detailed insights into the driving factors that increase the demand in the market. It reveals opportunities that will drive market growth in various segments on the basis of source, application, sales channel, and end-use over the next 10 years.
Future Market Outlook Inc.
Christiana Corporate, 200 Continental Drive,
Office 401, Newark, Delaware – 19713, USA
Such. : +1-845-579-5705
For sales inquiries: [email protected]
Last report: https://www.futuremarketinsights.com/reports/
LinkedIn| Twitter| Blogs
SOURCE Future Market Outlook