Dublin, July 31, 2024 (GLOBE NEWSWIRE) -- The "Consumer Mobile Payments - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Consumer Mobile Payments was valued at an estimated US$58.3 Billion in 2023 and is projected to reach US$252.3 Billion by 2030, growing at a CAGR of 23.3% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. 
The growth in the mobile payments market is driven by several factors including technological advancements, changing consumer behaviors, regulatory support, and the emergence of new business models. Technologically, improvements in smartphone technology, internet bandwidth, and security systems enhance the functionality and reliability of mobile payment solutions. Consumer behavior has shifted markedly towards convenience and speed, with a growing preference for contactless transactions, especially among younger demographics who favor digital solutions. Regulatory bodies worldwide are also supporting this shift by establishing clear guidelines that protect users and promote innovation.
Additionally, new business models such as peer-to-peer payment platforms and fintech startups are continuously emerging, disrupting traditional financial ecosystems and pushing more consumers towards mobile payment adoption. Each of these drivers is crucial in propelling the market forward, ensuring its expansion and integration into even more aspects of daily financial transactions.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Remote Payment Mode segment, which is expected to reach US$150.5 Billion by 2030 with a CAGR of a 21.4%. The Proximity Payment Mode segment is also set to grow at 26.4% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $15.9 Billion in 2023, and China, forecasted to grow at an impressive 31.4% CAGR to reach $66.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Consumer Mobile Payments Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Consumer Mobile Payments Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Consumer Mobile Payments Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as ACI Worldwide, Inc., Alphabet, Inc., Apple, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 57 Featured):
- ACI Worldwide, Inc.
- Alphabet, Inc.
- Apple, Inc.
- DH Corporation
- Fidelity National Information Services, Inc. (FIS)
- Fiserv, Inc.
- Jack Henry & Associates, Inc.
- MasterCard, Inc.
- PayPal
- Samsung Electronics Co., Ltd.
- Square, Inc.
- Visa, Inc.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 183 |
| Forecast Period | 2023-2030 |
| Estimated Market Value (USD) in 2023 | $58.3 Billion |
| Forecasted Market Value (USD) by 2030 | $252.3 Billion |
| Compound Annual Growth Rate | 23.3% |
| Regions Covered | Global |
Key Topics Covered
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- Consumer Mobile Payments - Global Key Competitors Percentage Market Share in 2024 (E)
- Global Economic Update
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Biometric Authentication Expands Addressable Market Opportunities in Mobile Payments
- Pandemic Permanently Revolutionizes Contactless and Mobile Payment Solutions
- Cybersecurity Enhancements Strengthen Business Case for Mobile Payments
- Near Field Communication (NFC) Technology Sets the Stage for Growth in Mobile Payments
- Integration with Retail Point-of-Sale Systems Crucial for Mobile Payment Market Growth
- Blockchain Technology Generates Opportunities for Secure Mobile Transactions
- Artificial Intelligence Propels Fraud Detection Innovations in Mobile Payments
- Smartphone Penetration Bodes Well for Expanding Mobile Payment Adoption
- QR Codes Drive Consumer Convenience and Adoption in Mobile Payments
- Mobile Payment Apps Sustain Growth Through Value-Added Services
- In-App Purchasing Capabilities Accelerate Demand in the Mobile Payments Sector
- 5G Adoption Crucial for Enhancing Mobile Payment Solutions
- Micropayments Generate New Opportunities in Consumer Spending via Mobile Payments
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/8t3qoj
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