Global Remote Mobile Payment Market by Type (M-commerce, Peer-to-peer), By Application (IT & Telecommunication, BFSI, Retail, Media & Entertainment, Healthcare, Hospitality, Tourism, Airline) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global remote mobile payment market is expected to grow at a CAGR of over 20% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing penetration of smartphones and other mobile devices, rising demand for convenience and security in payments, and growing m-commerce. The global remote mobile payment market is segmented on the basis of type into m-commerce and peer-to-peer payments. M-commerce is further subsegmented into retail, media & entertainment, healthcare, hospitality, tourism, airline ticketing etc., while peer-to-peer payments are further subsegmented into person-to person (P2P) transfers and merchant acquiring. On the basis of application, the global remote mobile payment market is segmented into IT & telecommunication sector; banking, financial services & insurance (BFSI) sector; retail sector; media & entertainment sector; healthcare sector; hospitality sector; tourism sector and airline ticketing sectors.



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Product Definition:

A remote mobile payment is a type of payment that allows consumers to make purchases with their phones or other mobile devices. This technology enables customers to pay for items without having to reach for their wallets or enter any personal information. Instead, they can simply scan a QR code or use NFC (near-field communication) technology to complete the transaction.

M-commerce:

M-commerce or mobile commerce is a extension of the traditional commerce that uses wireless technology such as SMS, WAP and GSM to communicate and do business. It helps in carrying out transactions over the internet using mobile phones. The primary drivers for M-commerce are increasing internet penetration, growing number of smartphone users along with enhanced network coverage across the globe.

The major restraints for M-Commerce market growth include lack of awareness about m-commerce among retailers & consumers.

Peer-to-peer:

Peer-to-peer (P2P) technology is used in the process of transferring of funds between two parties without the intervention of any third party. The main aim of using P2P technology is to ensure an efficient and secure method for financial transactions. In recent times, there has been a tremendous increase in demand for peer-to-peer technologies owing to its various benefits such as faster transaction services, low cost basis, high scalability & reliability among others.

Application Insights:

The retail segment accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growth of this segment can be attributed to increasing adoption of smartphones, which has led to a rise in remote shopping. Moreover, companies such as Amazon are continuously working on enhancing their mobile apps with features such as one-touch payment and personal assistant integrated within them. This will further drive the demand for remittance applications across various industries globally.

The IT & telecommunication sector is also expected to witness significant growth over the forecast period owing to rising penetration of internet cafes, smartphone users and e-commerce activities globally since past few years.

Regional Analysis:

The Asia Pacific regional market is expected to emerge as a predominant region over the forecast period. The growth can be attributed to the increasing adoption of mobile phones and wireless devices, high smartphone penetration, and rising demand for internet services. Furthermore, growing investments in 3G/4G network infrastructure are anticipated to drive the regional market further. Additionally, increased government initiatives such as Digital India are also expected to fuel growth in APAC over the forecast period.

North America is estimated to account for a significant share owing to early adoption of technologies such as remote management of funds and payment instruments across various industries coupled with higher disposable income levels among consumers in U.S., Canada, and Mexico compared with other countries at similar stages of development; hence making it an attractive market for industry players operating across financial institutions globally seeking higher returns on their investment portfolios by investing through M&A activities or strategic partnerships & collaborations etc.

Growth Factors:

Increasing demand for convenience and efficiency in payments
Proliferation of smartphones and other mobile devices
Rapid expansion of mobile commerce
Rising demand for integrated payment solutions
Emergence of new players in the market


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Scope Of The Report
Report Attributes
Report Details
Report Title
Remote Mobile Payment Market Research Report
By Type
M-commerce, Peer-to-peer
By Application
IT & Telecommunication, BFSI, Retail, Media & Entertainment, Healthcare, Hospitality, Tourism, Airline
By Companies
Samsung Electronics Co Ltd., Apple Inc., ACI Worldwide, Inc., Alphabet Inc., DH Corporation, Visa Inc., Square, Inc., Mastercard Incorporated., PayPal Holdings, Inc., Fidelity National Information Services, Inc., Fiserv, Inc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
211
Number of Tables & Figures
148
Customization Available
Yes, the report can be customized as per your need.

Global Remote Mobile Payment Market Report Segments:
The global Remote Mobile Payment market is segmented on the basis of:
Types
M-commerce, Peer-to-peer
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
IT & Telecommunication, BFSI, Retail, Media & Entertainment, Healthcare, Hospitality, Tourism, Airline
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Samsung Electronics Co Ltd.
Apple Inc.
ACI Worldwide, Inc.
Alphabet Inc.
DH Corporation
Visa Inc.
Square, Inc.
Mastercard Incorporated.
PayPal Holdings, Inc.
Fidelity National Information Services, Inc.
Fiserv, Inc.



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Highlights of The Remote Mobile Payment Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
M-commerce
Peer-to-peer
By Application:
IT & Telecommunication
BFSI
Retail
Media & Entertainment
Healthcare
Hospitality
Tourism
Airline
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Remote Mobile Payment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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