Chronic Care Management Software Market Size, Share, Growth and Trends by 2033

Spread the love

Overview and Scope
Consumer mobile payment refers to the process of using a mobile device, such as a smartphone or tablet, to make financial transactions, typically for goods and services. This form of payment utilizes mobile applications or built-in functionalities on the device to initiate, authorize, and complete transactions.

Sizing and Forecast
The consumer mobile payment market size has grown exponentially in recent years. It will grow from $63.01 billion in 2023 to $82 billion in 2024 at a compound annual growth rate (CAGR) of 30.1%. The growth in the historic period can be attributed to increasing smartphone penetration and internet connectivity, growth of digital wallets and mobile payment apps, convenience and ease of use in conducting transactions, adoption by merchants and businesses for cashless payments, rise in consumer preference for contactless and secure payment methods, expansion of e-commerce and online shopping platforms, government initiatives promoting digital payment adoption.

The consumer mobile payment market size is expected to see exponential growth in the next few years. It will grow to $236.53 billion in 2028 at a compound annual growth rate (CAGR) of 30.3%. The growth in the forecast period can be attributed to continuation of smartphone proliferation and mobile internet access, expansion of mobile payment acceptance in retail and service sectors, growth of peer-to-peer payment platforms and social commerce, increasing demand for financial inclusion and accessibility, adoption of mobile payments in emerging markets and unbanked populations. Major trends in the forecast period include integration of biometric authentication, growth in demand for peer-to-peer platforms, development of solutions for in-store and online purchases, collaboration between providers and merchants, expansion of options for transportation services, adoption of qr code technology, integration into messaging platforms, increasing emphasis on cybersecurity.

To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/consumer-mobile-payment-global-market-report

Segmentation & Regional Insights
The consumer mobile payment market covered in this report is segmented –
1) By Mode of Payment: Remote, Proximity
2) By Technology: Near Field Communication (NFC), Direct Mobile Billing, Mobile Web Payment, Short Message Services, Interactive Voice Response System, Mobile App, Other Technologies
3) By End-User Industry: Retail, Hospitality And Tourism, Information Technology And Telecommunication, Banking, Financial Services, and Insurance (BFSI), Media And Entertainment, Healthcare, Airline, Other End Users

North America was the largest region in the consumer mobile payment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the consumer mobile payment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14683&type=smp

Major Driver Impacting Market Growth
The surge in the penetration of contactless payments is expected to drive the growth of the consumer mobile payment market going forward. Contactless payment is a secure transaction method where users can tap or wave their card, smartphone, or wearable device near a compatible terminal to purchase without physically swiping or inserting the card. Contactless payment adoption offers convenience, security, and improved consumer experiences, making it a valuable trend in modern payment systems. The surge in contactless payment penetration enhances convenience and safety, driving growth in the consumer mobile payment market by encouraging the adoption of mobile payment platforms and accelerating the shift towards cashless transactions. For instance, in September 2023, according to reports published by the Consumer Financial Protection Bureau (CFPB), a US-based independent agency of the United States government, U.S. consumers spent $65.2 billion at stores using Google Pay in 2022, which is an increase from $24.8 billion in 2021. Therefore, the surge in the penetration of contactless payment is driving the growth of the consumer mobile payment market.

Key Industry Players
Major companies operating in the consumer mobile payment market are Amazon.com Inc., Apple Inc., Alphabet Inc., Samsung Electronics Co. Ltd., Alibaba Group Holdings Limited, American Express Company, Visa Inc., PayPal Holdings Inc., MasterCard Incorporated, Thales Group, Fiserv Inc., Square Inc., Bharti Airtel Ltd., Fidelity National Information Services Inc., Orange Polska SA, Grubhub Inc., Jack Henry & Associates Inc., Block Inc., ACI Worldwide Inc., Money Gram International Inc., Dawood Hercules Corporation Limited, Oxigen S.ervices Pvt. Ltd., Mobikwik Systems Ltd., ZipCash Card Services Pvt. Ltd., Vodafone M-pesa Limited, One97 Communication India Ltd., Citrus Payment Solutions Pvt. Ltd

The consumer mobile payment market report table of contents includes:
1. Executive Summary
2. Consumer Mobile Payment Market Characteristics
3. Consumer Mobile Payment Market Trends And Strategies
4. Consumer Mobile Payment Market – Macro Economic Scenario
5. Global Consumer Mobile Payment Market Size and Growth
….
31. Consumer Mobile Payment Market Other Major And Innovative Companies
32. Global Consumer Mobile Payment Market Competitive Benchmarking
33. Global Consumer Mobile Payment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Consumer Mobile Payment Market
35. Consumer Mobile Payment Market Future Outlook and Potential Analysis
36. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model


Spread the love

About Top PR News

TopPRnews Leads Drives Search Engine Visibility For Your Press Release Content. Our Global Network Reaches Important Contacts, Media Partners And Websites And Journalists. Happy Postings! If You Have Any Queries Please Contact Official Mail At [[email protected]}

View all posts by Top PR News →