Tuesday, March 27, 2012

Mobile Payment Market, Users Worldwide & Countries Forecast to 2014


March 27, 2012 05:28 AM Eastern Daylight Time 
DUBLIN--()--
Research and Markets has announced the addition of the "Mobile Payment Market, Users Worldwide & Countries Forecast to 2014" report to their offering.
“Mobile Payment Market, Users Worldwide & Countries Forecast to 2014”
Mobile payment or M-payment is a service which is continually gaining in popularity as there are huge number of mobile phone users and bank card holders. This service therefore has great potential as new economic market brings together disconnected banking and telecom sectors.
The number of mobile payment subscribers worldwide was nearly 2 Billion users in 2011. The total value of mobile payment market is expected to cross US$ 500 Billion by 2014. North America and Asia is expected to become the most important markets; together both of them accounting for more than 60% of the total market share and 80% of mobile payment users.
In North American region, United State is expected to dominate the mobile payment market volume with more than US$ 200 Billion by 2015. In Asian region Japan will lead the mobile payment market due to higher per capita income. It will be followed by South Korea, China and India in the 2nd 3rd and 4th position respectively. In Latin America Brazil holds the mobile payment market with 90% market share in 2011. Western Europe mobile payment market is forecasted to grow with a CAGR of 68.17% with the spanning period of 2011 - 2015.
In mobile payment methods, NFC based mobile payment market is growing tremendously. NFC based mobile payment market is likely to grow with a CAGR of 118% in the spanning period of 2011-2015. Mobile Ticketing is expected to capture around 40% share of the total mobile payment market by 2014. The premium SMS market share is predicted to decline due to consumer trend moving towards NFC enabled technology.
ABOUT THIS REPORT
Renub Research report entitled Mobile Payment Market, Users Worldwide & Countries Forecast to 2014 provides a comprehensive assessment of the fast-evolving, high-growth mobile payments space. We recommend this report as must-read insight for mobile commerce stakeholders the world over.
Key Topics Covered:
  • Executive Summary
  • Worldwide Mobile Payment Market Analysis
  • Geographical Distribution - Mobile Payment Market Share, Users Share & Forecast
  • Geographical Distribution - Mobile Payment Market, No. of Users & Forecast
  • Mobile Payment Methods
  • Mobile Payment Driving Forces
  • Mobile Payment Challenges
  • Key Players - Mobile Payment Applications Analysis
Companies Mentioned
  • Google
  • E-Bay
  • PayPal
  • ISIS
  • Visa
  • American Express
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