Global Mobile Commerce Payments Market (2021 to 2030) – Featuring ACI Worldwide, Apple and Mastercard, among others – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The report “M-commerce Payments Market by Payment Method, Transaction Type and Application: Global Opportunities Analysis and Industry Forecast, 2021-2030” has been added to from ResearchAndMarkets.com offer.

As a form of electronic commerce (e-commerce), m-commerce (mobile commerce) allows users to access online shopping platforms without the need to use a desktop computer. Additionally, m-commerce enables customers to purchase goods from anywhere and anytime using the internet and mobile environments.

It allows shoppers to easily enter payment information, preferably with mobile wallets that eliminate the use of manual entry, reducing human error and facilitating a smoother checkout experience. The m-commerce payments market operates in several areas such as food delivery, restaurant reservations, ticketing, retail, gaming, and banking.

With the advancement of technologies, smartphones are increasingly available at reasonable and affordable prices for customers, which promotes the growth of the m-commerce payment market. Furthermore, the mass adoption of m-commerce payments for online shopping and the development of the m-commerce industry are driving the growth of the market. These factors are notably contributing to the growth of the global m-commerce payment market.

However, expensive and location-based preference of payment gateways and increasing data breaches and security issues during payments are some of the factors hindering the growth of the M-commerce payment market. On the contrary, the payment industry is introducing a gradual transition to a digital economy in several countries. Additionally, the surge in m-commerce payment adoption in emerging economies and rapid digitalization of the payments industry are expected to provide lucrative opportunities for market growth in the coming years.

The m-commerce payment market is segmented into payment method, transaction type, application and region. By payment method, the market differentiates into mobile web payments, near field communication, SMS/direct carrier billing, etc. According to the type of transaction, it is fragmented into m-retailing, m-ticketing, m-billing and others. Applications covered in the study include home and business. The personal segment is further separated into age groups such as 18-30, 31-54, and 55-73. Regionally, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Main benefits for stakeholders

  • The study provides an in-depth analysis of the global mobile commerce payment market share along with current trends and future estimates to illustrate impending investment pockets.

  • Information on key drivers, restraints and opportunities and their impact analysis on the global mobile commerce payments market size is provided in the report.

  • Porter’s Five Forces Analysis illustrates the power of buyers and suppliers operating in the m-commerce payment industry.

  • Quantitative analysis of the global mobile commerce payment market from 2021 to 2030 is provided to determine the market potential.

Market dynamics

Drivers

  • Increased smartphone penetration and high-speed internet access

  • Mass adoption of m-commerce payments for online shopping and bank payments

  • Growth in the m-commerce industry

Detention

  • Expensive and location-based preference of payment gateways

  • Increase in data breaches and security issues during payments

Opportunity

  • Strong adoption of m-commerce payment in emerging countries

  • Rapid digitization in the payments industry

Companies cited

  • ACI Worldwide Inc.

  • Alphabet Inc. (Google)

  • Apple Inc.

  • FIS

  • Fiserv Inc.

  • Ingenico

  • MasterCard

  • PayPal Holdings Inc.

  • Square Inc.

  • Visa Inc.

For more information about this report visit https://www.researchandmarkets.com/r/5pwpq6

About Matthew R. Dailey

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