Global Mobile Money
Industry Prospects till 2019 – Emergence of Disruptive Solutions and
Governmental Support to Drive Growth provides an in-depth analysis of the Global
Mobile Money Industry. The report covers specific insights on the market size
in terms of value, segmentation by geography and by m-wallet, MPOS, M-banking
and M-payment segmentation of major countries along with the drivers and
restraints, recent trends and developments, government regulations and future
outlook of the mobile money Industry at the global level. The report also
entails a detailed description of the prominent and emerging geographic markets
of the region including Asia Pacific, Africa, Latin America, Europe and Middle
East.
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| Global Mobile Money Industry |
Global Scenario
The mobile money industry across the world has been
continuously growing and expanding across various regions. The global mobile
money market was estimated to be USD ~ billion, in terms of value of
transactions taking place in 2014. The market has expanded at an outstanding
CAGR of ~% over the period of 2008-2014. The mobile payments industry is a
complex industry which includes a number of stakeholders. The rising ownership
of smart phones across the developing and developed markets has facilitated the
growth of mobile payment solutions across the world. The total value of mobile
transactions processed throughout the world is expected to escalate to USD ~
billion in 2019 surging at a CAGR of 122.2% over the period of 2015-2019. The
massive increase in the payments, remittance and banking value is anticipated
to be driven by Asia-Pacific region, with countries including China and India.
Asia Pacific
The mobile payments market in Asia Pacific region is
relatively varied and highly fragmented. The mobile money industry in China has
showcased a magnificent growth over the span of last few years. India has an
evolving landscape in terms of mobile money market which is characterized with
fragmentation in the number and nature of services provided. Japan was the
pioneer country which has had a long history of mobile payments. The
transactions value for mobile payments and m-wallet industry in Asia pacific is
expected to reach USD ~ billion by the end of 2019. The industry size is
estimated to grow at a CAGR of 174.8% over the period of 2019-2019. The maximum
growth is to be reflected by China and India.
Africa
East Africa leads the mobile payments industry in Africa
with a share of ~% in terms of the overall transacted value, as recorded in
2014. Kenya is the largest market in this region which noted USD ~ billion (KSH
~ billion) of mobile payments in 2013. Other prominent nations of this region
include Uganda, Tanzania, Malawi, Mauritius, Zambia and Zimbabwe. Tanzania is
amongst one of the fastest growing mobile payments markets in East Africa. The
mobile money in Africa is expected to grow by leaps and bounds over the period
of next five years (2015-2019).
North America
North America is a developed market which has over 100%
penetration of mobile phones and diverse mobile service offerings. The US has
been the dominant contributor in the North American mobile payments landscape
over the period of 2011-2014. Debit cards, bank accounts and credit cards
constitute the most commonly used methods for making mobile payments in the US
and Canada. The future of the North America mobile payments industry is highly
optimistic for the next five years. The mobile transactions are expected to
reach USD ~ billion by 2019, pushed forward by the impressive growth in both
remote and proximity mobile payments.
Europe
The European region comprises of approximately 50 countries
and dependent territories and therefore is an ostensibly fragmented region
which makes it an intricate environment. Mobile industry in Europe is amongst
the most successful ones in the world and has maintained a strong track record
in the development of innovative services. Western region, including countries
such as the UK, Germany, Spain, France, Italy and others have accounted for a
higher share in the overall value of mobile-based transactions historically.
Europe is an evolved market which has a host of alternative cash payments
services. In the next five years, the mobile payments market is expected to
transcend to USD ~ billion by 2019, moving at a CAGR of 57.9% over the period
of 2014-2019.
Latin America
The mobile money market in Latin America is still in its
initial stages, characterized by low awareness levels amongst the people. The
mobile payments and m-wallet market in Latin America is expected to register
rapid growth in near term. The mobile payments and m-wallet market in Latin
America is expected to reach USD ~ billion by the end of 2019 in terms of
transactions value.
Middle East
The mobile payments market in Middle East is relatively
niche, characterized by a low rate of adoption. Remittance has accounted for a
predominant share in the overall transactions through mobiles in majority of
the countries in the Middle East region over the years. The mobile payments and
m-wallet market in Middle East is projected to witness rapid growth in the
coming years, mainly bolstered by an increasing interest among the masses.
Overall, the mobile payments and m-wallet market in the region is expected to
grow to USD 55.8 billion by 2018, surging at a CAGR of ~% during the period
2014-2019.
Key
Topics Covered in the Report:
·
The
market size of the Global Mobile Money Market by Transaction Value
·
Global
Market Segmentation by Geographies covering Asia Pacific, Africa, North
America,
·
Future
Outlook of Global Mobile Money Payment Industry
·
The
market size of the Asia Pacific Mobile Money Payment Market, segmentation,
trends and developments and future outlook.
·
The
market size of the Africa Mobile Money Payment Market, segmentation, trends and
developments and future outlook.
·
The
market size of the North America Mobile Money Payment Market, segmentation,
trends and developments and future outlook.
·
The
market size of the Europe Mobile Money Payment Market, segmentation, trends and
developments and future outlook.
·
The
market size of the Latin America Mobile Money Payment Market, segmentation,
trends and developments and future outlook.
·
The
market size of the Middle East Mobile Money Payment Market, segmentation,
trends and developments and future outlook.
·
Growth
Drivers and Restraints, Comparative analysis of Developed and Developing
regions, Business Models, SWOT analysis
·
Company
and Product Profiles of Major Players in the Mobile Money Market in Different
regions
Contact:
Ken
Research
Ankur
Gupta, Head Marketing & Communications
query@kenresearch.com
+91-11-47017199
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