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1 Global Mobile Payment Market Forecast 2015 – 2021 Occams Business Research & Consulting

Global Mobile Payment Market Forecast 2015 -2021

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Page 1: Global Mobile Payment Market Forecast 2015 -2021

Global Mobile Payment Market Forecast 2015 – 2021

Occams Business Research & Consulting

Page 2: Global Mobile Payment Market Forecast 2015 -2021

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Table of contents

•Executive summary•Mobile Payment market Segmentation by application• What are mobile payments?• Drivers of mobile payment market• Restraints of mobile payment market• Challenges of mobile payment market• Opportunities of mobile payment market• Strategic analysis of mobile payment market• Geography Analysis•Research methodology

OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.

Page 3: Global Mobile Payment Market Forecast 2015 -2021

Executive Summary

OCCAMS BUSINESS RESEARCH &CONSULTING PVT. LTD.

• Mobile payments have been a boon for conflict prone African continent. Over $32 billion worth of transaction were made through mobile payments.

• The transaction volume in Africa is expected to reach XXXX by 2020 at CAGR of XXXX for the forecasted period of 2015-2020. Africa has the highest CAGR amongst all the geographies.

• Mobile commerce is expected to reach XXXX in 2020 and mobile wallet is expected to reach XXXX billion in 2020.

• Closed loop payments are expected to grow at a CAGR of XXX% for the forecasted period of 2015-2020. The market is driven by banks developing their own apps and providing on the go services for the customers.

Page 4: Global Mobile Payment Market Forecast 2015 -2021

TYPES OF MOBILE PAYMENTS

OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.

Mobile Payments

Proximity Payments

Near Feld Communicatio

n (NFC)

Quick Response Code (QR)

Hybrid

Remote Payments

SMS based WAP technology

Page 5: Global Mobile Payment Market Forecast 2015 -2021

US E-commerce sales (%) compared to total retail sales

Source: OBRC Analysis

OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Page 6: Global Mobile Payment Market Forecast 2015 -2021

• Acquisitions and partnerships are driving the global mobile payment market

• Rigidity of banks • Technological advancement giving rise to mobile payment

market • Global adoption of mobile payment services by small

merchants and businesses • Global adoption of mobile payment services by unbanked

population to boost the global mobile payment market

Market Determinants -Drivers

Source: OBRC Analysis OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.

Page 7: Global Mobile Payment Market Forecast 2015 -2021

Key strategies of mobile payment market

OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.

• Cases of partnerships by leading mobile payment providers

• Acquisition: key growth strategy

• Investments in technology and leveraging existing infrastructure

• Geographical market expansion

Page 8: Global Mobile Payment Market Forecast 2015 -2021

Key restraints of mobile payment market

OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.

• Security threats are prime concerns

• Attacks of spyware and malware may slow the growth of the market

• Interoperability is a key concern

Page 9: Global Mobile Payment Market Forecast 2015 -2021

Key Opportunities of mobile payment market

OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.

• Introduction of more user-friendly technologies to create scope for mobile payment market

• Entry of big players in mobile payment market to create huge scope for global payment market

• Emphasis on user-convenience giving rise to adoption of mobile payment systems

• Limits on cash transaction to boost global mobile payment market

• Government aid enables the mobile payment to grow fast

Page 10: Global Mobile Payment Market Forecast 2015 -2021

Challenges of CGMS Market

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• Unwillingness to switch to new technology

• Unclear business case: large investment required

• Newer technologies, unclear rules confuse the market players and customers

• Lack of confidence and late arrival scenario may affect the growth of the market

• Addressing the complexities is a concern

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• Asia has seen rapid growth in the past along with the world because of huge potential in economies of countries like India, China, Thailand and South Korea etc.

• Asian countries have adopted Mobile payments since its launch and Asian countries are big market for mobile payments.

• Large but underdeveloped market such as India, Indonesia, China, Philippines and Vietnam rapidly adopted mobile payments for various things from remittance and ticket booking to bill payment.

• The other factor which is increasing the role of mobile payments is increasing use of mobile phones in heavily populated Asian countries.

Emerging economies

Source: OBRC Analysis

OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.

Page 12: Global Mobile Payment Market Forecast 2015 -2021

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Geographic Analysis

Source: OBRC Analysis

OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.

Geographies2013 2014 2015 2016 2017 2018 2019 2020 CAGR %(2015-

2020)

North America xx xx xx xx xx xx xx xx xx

Europe xx xx xx xx xx xx xx xx xx

Africa xx xx xx xx xx xx xx xx xx

Asia xx xx xx xx xx xx xx xx xx

Asia Pacificxx xx xx xx xx xx xx xx xx

ROW xx xx xx xx xx xx xx xx xx

Total xx xx xx xx xx xx xx xx xx

Request for sample Pages: Global Mobile Payment Market by Country (United States, Canada, India, China, Japan, United Kingdom), Company Profiles, Size, Share, Trends, Analysis, Opportunities, Segmentation and Forecast 2015 - 2021

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Upcoming Reports Contact:

Occams Business Research & Consulting

1C-603, Versova Trishul CHS Ltd. Andheri West Mumbai 400 061, India

Phone:  (+91) 98 505 53315

Email: [email protected]

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