Mobile Money Market worth 112.29 Billion USD by 2021
The report "Mobile Money Market by Transaction Mode (NFC/Smartcard, SMS, Mobile Apps), Nature of Payment (Person to Person, Person to Business, Business to Person, and Business to Business), Location, Type of Purchase, Industry & Region Global Forecast to 2021", The mobile money market size is estimated to grow from USD 21.15 Billion in 2016 to USD 112.29 Billion by 2021, at an estimated Compound Annual Growth Rate (CAGR) of 39.64% from 2016 to 2021.
Browse 67 market data Tables and 56 Figures spread through 176 Pages and in-depth TOC on "Mobile Money Market by Transaction Mode (NFC/Smartcard, SMS, Mobile Apps), Nature of Payment (Person to Person, Person to Business, Business to Person, and Business to Business), Location, Type of Purchase, Industry & Region - Global Forecast to 2021" http://www.marketsandmarkets.com/Market-Reports/mobile-remittance-money-mcommercemarket-577.html Early buyers will receive 10% customization on reports. Technological advancement in mobile devices, indispensable requirement to have ubiquitous access to financial solutions, rising use of non-cash payments, creation of new business avenues for stakeholders, evolving demographic needs across regions, rising use of mobile money services across businesses are some of the driving forces in the mobile money market. Mobile apps to play a key role in the mobile money market by 2021 Mobile apps are expected to have the largest market share in the mobile money market during the forecast period. Mobile apps market share is expected to rise because these are built on software which are compatible for use in smartphones and can be easily operated. Functions such as send, receive, and withdraw money as well as view account information and manage contacts can be done with these simple apps. Person to business nature of payment expect to have the highest growth rate In the nature of payment segment, the person to business sub-segment is expected to grow at the highest rate followed by business to business. This nature of payment is most prominently observed in case of e-commerce dealings, online shopping, bill payments, and air time transfers done over mobile devices. It is expected to grow at fast rate because the rate of transactions is high considering the high user base of the mobile-based ecommerce market. Asia-Pacific region expected to contribute the largest market share in the mobile money market
Asia-Pacific is expected to account for the largest market share in the mobile money market in the forecast period 2016â€“2021. This is because of large-scale acceptance of mobile money services by the users along with the escalating advancements in regulations and technologies benefitting all the stakeholders present in the mobile money ecosystem in this region with a vast number of mobile subscribers present in this region. The major vendors in the mobile money market are Vodafone Group Plc, Gemalto, FIS, Google Inc., Mastercard Incorporated, Bharti Airtel Limited, Orange S.A., Monitise Plc, Mahindra Comviva, and PayPal. About MarketsandMarkets MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model â€“ GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. M&Mâ€™s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Contact: Mr. Rohan Markets and Markets UNIT no 802, Tower no. 7, SEZ Magarpatta city, Hadapsar Pune, Maharashtra 411013, India 1-888-600-6441 Email: firstname.lastname@example.org