Global M-Commerce Payment Market Size, Forecasts, And Opportunities – Including M-Commerce Payment Market Shares
Learn about the global m-commerce payment market through The Business Research Company, which provides information on m-commerce payment market size, m-commerce payment market drivers and restraints, m-commerce payment market players, the COVID-19 impact on the m-commerce payment market, and more.
The global m-commerce payment market size is expected to grow from $5.26 billion in 2021 to $7.25 billion in 2022 at a compound annual growth rate (CAGR) of 37.9%. The global Mcommerce payment market size is expected to grow to $27.09 billion in 2026 at a CAGR of 39.0%.
The increasing mobile and internet penetration is expected to propel the growth of the m-commerce payment market.
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The m-commerce payment market consists of sales of m-commerce payments services by entities (organizations, sole traders, and partnerships) that involve buying and selling of goods and services online, through smartphones and tablets. M-commerce payments refer to the use of mobile phones and tablets in order to complete the transactions online on any purchase of online products or services. M-commerce payments are helpful as they provide convenience to the user and save time and effort.
Global M-Commerce Payment Market Segments Include:
By Payment Method: Near Field Communication, Premium SMS, Wireless Application Protocol, Direct Carrier Billing
By Mode of Transaction: Mobile Retailing, Mobile Booking or Ticketing, Mobile Banking, Mobile Billing
By End-Use Industry: Retail, Hospitality and Tourism, IT and Telecommunication, BFSI, Media and Entertainment, Healthcare, Airline
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific was the largest region in the m-commerce payment market in 2021.
The use of digital wallets is a key trend gaining popularity in the m-commerce payment market. Digital wallets are a software-based system that securely stores users’ payment information and passwords for numerous payment methods and websites. By using a digital wallet, users can complete purchases easily and quickly.
TBRC’s M-Commerce Payment Market Report Covers:
Major Market Players: ACI Worldwide, Inc., Alphabet Inc., BHIM UPI, Fidelity National Information Services, Fiserv, Inc., Freecharge, Google Pay, Mastercard, MobiKwik, Orange S.A, PayPal Holdings, PayUMoney, Samsung, Square, Inc., Visa, Inc., Alipay, American Express, Apple Inc., China UnionPay, DH Corporation, Discover, Ingenico, Jack Henry & Associates Inc., and Tenpay.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The M-Commerce Payment Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides m-commerce payment market overviews, analyzes and forecasts market size, share, m-commerce payment market players, m-commerce payment market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s m-commerce payment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Here Is A List Of Similar Reports From The Business Research Company:
Payments Global Market Report 2022
Digital Payments Global Market Report 2022
Mobile Payment Technologies Global Market Report 2022
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