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Consumer Mobile Payment Trends and Forecast
The future of the global consumer mobile payment market looks promising with opportunities in the retail, hospitality & tourism, IT & telecommunication, BFSI, media & entertainment, healthcare, and airline markets. The global consumer mobile payment market is expected to reach an estimated $7.5 billion by 2030 with a CAGR of 20.3% from 2024 to 2030. The major drivers for this market are growing adoption of e-commerce platforms by different key players, rising penetration of contactless payment technologies such as, e-wallets, as well as, installation of new payments terminal by the retailers for contactless payment services.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Consumer Mobile Payment by Segment
The study includes a forecast for the global consumer mobile payment by type, application, and region.
Consumer Mobile Payment Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Remote
• Proximity
Consumer Mobile Payment Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Retail
• Hospitality & Tourism
• IT & Telecommunication
• BFSI
• Media & Entertainment
• Healthcare
• Airline
• Others
Consumer Mobile Payment Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Consumer Mobile Payment Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies consumer mobile payment companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the consumer mobile payment companies profiled in this report include-
• ACI Worldwide
• Alphabet
• Samsung
• DH
• Finserv
• VISA
• Apple
Consumer Mobile Payment Market Insights
Lucintel forecasts that remote is expected to witness the higher growth over the forecast period because it provides ease of contactless payment through the availability of real-time online terminal, along with the rapid growth of digital wallets.
APAC is expected to witness highest growth over the forecast period due to evolving consumer behavior, the newest developments in internet shopping, and a rise in smartphone usage in the region.
Features of the Global Consumer Mobile Payment Market
Market Size Estimates: Consumer mobile payment market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Consumer mobile payment market size by type, application, and region in terms of value ($B).
Regional Analysis: Consumer mobile payment market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the consumer mobile payment market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the consumer mobile payment market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the consumer mobile payment market size?
Answer: The global consumer mobile payment market is expected to reach an estimated $7.5 billion by 2030.
Q2. What is the growth forecast for consumer mobile payment market?
Answer: The global consumer mobile payment market is expected to grow with a CAGR of 20.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the consumer mobile payment market?
Answer: The major drivers for this market are growing adoption of e-commerce platforms by different key players, rising penetration of contactless payment technologies such as, e-wallets, as well as, installation of new payments terminal by the retailers for contactless payment services.
Q4. What are the major segments for consumer mobile payment market?
Answer: The future of the global consumer mobile payment market looks promising with opportunities in the retail, hospitality & tourism, IT & telecommunication, BFSI, media & entertainment, healthcare, and airline markets.
Q5. Who are the key consumer mobile payment market companies?
Answer: Some of the key consumer mobile payment companies are as follows:
• ACI Worldwide
• Alphabet
• Samsung
• DH
• Finserv
• VISA
• Apple
Q6. Which consumer mobile payment market segment will be the largest in future?
Answer: Lucintel forecasts that remote is expected to witness the higher growth over the forecast period because it provides ease of contactless payment through the availability of real-time online terminal, along with the rapid growth of digital wallets.
Q7. In consumer mobile payment market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to evolving consumer behavior, the newest developments in internet shopping, and a rise in smartphone usage in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the consumer mobile payment market by type (remote and proximity), application (retail, hospitality & tourism, IT & telecommunication, BFSI, media & entertainment, healthcare, airline, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Consumer Mobile Payment Market, Consumer Mobile Payment Market Size, Consumer Mobile Payment Market Growth, Consumer Mobile Payment Market Analysis, Consumer Mobile Payment Market Report, Consumer Mobile Payment Market Share, Consumer Mobile Payment Market Trends, Consumer Mobile Payment Market Forecast, Consumer Mobile Payment Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Consumer Mobile Payment Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Consumer Mobile Payment Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Consumer Mobile Payment Market by Type
3.3.1: Remote
3.3.2: Proximity
3.4: Global Consumer Mobile Payment Market by Application
3.4.1: Retail
3.4.2: Hospitality & tourism
3.4.3: IT & Telecommunication
3.4.4: BFSI
3.4.5: Media & Entertainment
3.4.6: Healthcare
3.4.7: Airline
3.4.8: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Consumer Mobile Payment Market by Region
4.2: North American Consumer Mobile Payment Market
4.2.2: North American Consumer Mobile Payment Market by Application: Retail, Hospitality & tourism, IT & Telecommunication, BFSI, Media & Entertainment, Healthcare, Airline, and Others
4.3: European Consumer Mobile Payment Market
4.3.1: European Consumer Mobile Payment Market by Type: Remote and Proximity
4.3.2: European Consumer Mobile Payment Market by Application: Retail, Hospitality & tourism, IT & Telecommunication, BFSI, Media & Entertainment, Healthcare, Airline, and Others
4.4: APAC Consumer Mobile Payment Market
4.4.1: APAC Consumer Mobile Payment Market by Type: Remote and Proximity
4.4.2: APAC Consumer Mobile Payment Market by Application: Retail, Hospitality & tourism, IT & Telecommunication, BFSI, Media & Entertainment, Healthcare, Airline, and Others
4.5: ROW Consumer Mobile Payment Market
4.5.1: ROW Consumer Mobile Payment Market by Type: Remote and Proximity
4.5.2: ROW Consumer Mobile Payment Market by Application: Retail, Hospitality & tourism, IT & Telecommunication, BFSI, Media & Entertainment, Healthcare, Airline, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Consumer Mobile Payment Market by Type
6.1.2: Growth Opportunities for the Global Consumer Mobile Payment Market by Application
6.1.3: Growth Opportunities for the Global Consumer Mobile Payment Market by Region
6.2: Emerging Trends in the Global Consumer Mobile Payment Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Consumer Mobile Payment Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Consumer Mobile Payment Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: ACI Worldwide
7.2: Alphabet
7.3: Samsung
7.4: DH
7.5: Finserv
7.6: VISA
7.7: Apple
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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