Global Mobile Payments Market to reach a market size of $3.6 bn by 2022

According to a new report Global Mobile Payments Market (2016-2022), published by KBV Research, the global Mobile Payments Market is expected to attain a market size of $3.6billion by 2022, growing at a CAGR of 32.3% during the forecast period.

The Short Message Service (SMS) market dominated the Global Mobile Payments Market by Mode of Transaction in 2015, and would continue to be a dominant market till 2022; The Wireless Access Protocol (WAP) market is expected to witness a CAGR of 33.4% during (2016 – 2022).

The Retail market dominated the Global Mobile Payments Market by Application in 2015, and would continue to be a dominant market till 2022; growing at a CAGR of 29.1 % during the forecast period. The Entertainment market is expected to witness a CAGR of 32.9% during (2016 – 2022). Additionally, The Healthcare market is expected to witness highest CAGR of 33.6% during (2016 – 2022).

The Asia-Pacific market dominated the Global Mobile Payments Market by Region in 2015, and would continue to be a dominant market till 2022; growing at a CAGR of 33.8 % during the forecast period. The Europe market is expected to witness a CAGR of 31.1% during (2016 – 2022). Additionally, The North America market is expected to witness a CAGR of 29.5% during (2016 – 2022).

The report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key influencing factors of the global Mobile Paymentshave been discussed in the report along with the elaborated company profiles of Orange S.A., MasterCard Incorporated, BhartiAirtel, MTN Group Limited, Safaricom Limited, Ebay, Mahindra Comviva and Vodafone Group Plc.

Full report : https://kbvresearch.com/reportDetail.php?content_id=global-mobile-payments-market