Mobile Payment Market new global report offers key vendor landscape, CAGR with market dynamics and forecast. The leading companies include: FIS, Gemalto, MasterCard, PayPal, Alibaba Groups and more, along with Regional Analysis which covers Americas, Asia-Pacific, Europe and Middle East Africa. The report also tells about product types and applications mentioned in Mobile Payment Market in addition to a SWOT analysis of the manufacturers.
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Mobile Payment Market Trends Gaining Momentum: “One trend in the market is cloud-based mobile payment solutions. Cloud-based mobile payment solutions are gaining momentum worldwide, owing to the rise in the technological innovations that provide customers with the capabilities to use digital wallets. Technological convenience is also increasing at a faster pace. Cloud-based mobile payment solutions offer new levels of convenience.”
Drivers of Mobile Payment Market: According to the report, one driver in the market is increasing use of mobile devices. The use of mobile devices has increased significantly over the years. This is mainly because of the increase in the number of applications offered by smartphones and the safety offered by these applications while handling financial transactions. Smartphones were used by more than 2 billion people in 2016. With the growing digitization and the rise in the number of smartphones, the demand for mobile payment services is increasing. Mobile payments are quickly evolving and gaining popularity, with more number of recognizable brands stepping into the mobile payment industry.
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Growth Restraints of Mobile Payment Market: Further, the report states that one challenge in the market is security of mobile payment apps. Security is the major concern when it comes to one-touch mobile payments. As mobile payment apps store the financial details of the users, many customers still are afraid and concerned about the security of their details. The details stored on the cell phones can be easily intercepted by anyone, which results in the loss of important financial information. Therefore, to prevent the loss of the financial data of the customers, merchants and service providers are implementing extremely stringent procedures, abiding by the standards set by the Payment Card Industry Data Security Standard (PCI DSS).
Important Points mentioned in Table of Contents:
PART 01: Mobile Payment Market Outline: Executive Summary, Research Methodology
PART 02: Market Landscape: Ecosystem, Characteristics and Segmentation Analysis
PART 03: Market Sizing: Definition, Size and Forecast 2016-2021
PART 04: Five Forces Analysis: Market opportunity and Comparison and Scope
PART 05: Regional Landscape: Mobile Payment Market size and forecast 2016-2021
PART 06: Vendor Landscape: Drivers, Trends Challenges and Decision Framework
PART 07: Major Exhibits: Market share, Key leading countries, investments, production system and Parent market. Continued…
In a Nutshell, Mobile Payment Market report provide in depth research including definitions, segmentation, applications, key players, market drivers and market challenges.This report will help user gain market strategy insights, future trends and growth prospects for forecast period of 2017-2021
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