Mobile Money Market Size Is Estimated to Grow from USD 21.15 Billion in 2016 To USD 112.29 Billion by 2021, At an Estimated Compound Annual Growth Rate (CAGR) Of 39.64% From 2016 To 2021
Mobile money market is in new boom due to creation of new business avenues for stakeholders, rising use of non-cash payments, evolving demographic needs across regions, rising use of mobile money services across businesses, technological advancement in mobile devices, indispensable requirement to have ubiquitous access to financial solutions are some of the driving forces in the mobile money market.
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The mobile money market size is estimated to grow from USD 21.15 billion in 2016 to USD 112.29 billion by 2021, at an estimated Compound Annual Growth Rate (CAGR) of 39.64% from 2016 to 2021.
Key Drivers of Mobile Money Market are
Increased use of mobile devices among users and technological advancements
Indispensable requirement to have ubiquitous access to financial solutions
Rising use of non-cash payments
Creation of new business avenues for stakeholders
Evolving demographic needs across regions
Rising use of mobile money services across businesses
“Indispensable requirement to have ubiquitous access to financial solutions is driving the mobile money market”
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Key Market Trends of Mobile Money Market
Mobile Money Technologies & Regulatory Trends
Technologies & Platforms
Current Regulations & Strategic Initiatives
Mobile Money Service Provider Business Models
Mobile Money Market Analysis, By Transaction Mode
Mobile Money Market Analysis, By Nature of Payment
The various key vendors profiled in the Mobile Money Market report are as follows:
1. Vodafone Group Plc
4. Google Inc.
5. Mastercard Incorporated
6. Bharti Airtel Limited
7. Orange S.A.
8. Monitise Plc
9. Mahindra Comviva
“Person to person nature of payment segment to gain maximum market size during the forecast period”
Person to person segment, under nature of payments, is expected to account for the largest market share during the forecast period 2016–2021 as this payment service provided by banks offers customers with heightened convenience of immediate withdraws and deposits and facilitate instant money transfers through any mobile device and Mobile Network Operator (MNO).
“By location, remote payments dominate the mobile money market during the forecast period”
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By location, remote payments segment dominates the mobile money market and contributes the largest market share. The reason being this type of payment usually makes use of premium SMS, mobile web/WAP, STK/USSD, browser, and mobile applications and can be processed over a subscriber’s mobile phone bill, prepaid payments, and debit or credit card payments. These payments are beneficial for consumers as they can be conducted through any type of mobile phone, ranging from a basic handset to smartphones.
In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, extensive primary interviews were conducted with key people.
The report will help the market leaders/new entrants in this market in the following ways:
1. This report segments the Mobile Money comprehensively and provides the closest approximations of the revenue numbers for the overall market and subsegments across different verticals and regions.
2. The report helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
This report will help stakeholders to better understand the competitors and gain more insights to better their position in the business. The competitive landscape section includes new product launches, partnerships, agreements & collaborations, mergers & acquisitions, and expansions
“APAC to be the leading and fastest-growing market for fingerprint sensors during the forecast period”
The growth of the fingerprint sensors market in APAC is attributed to the increase in demand for mobile devices, increased government projects in law enforcements, rapid urbanization, growing population, and the increasing disposable income.
Geographic Analysis of Mobile Money Market
1. NORTH AMERICA
10. REST OF EUROPE
15. SOUTH KOREA
16. REST OF APAC
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Reasons to buy the Finger Print Sensor Market report:
• Illustrative segmentation, analysis, and forecast for the market based on type, technology, application, and geography have been conducted to give an overall view of the fingerprint sensors market.
• The Porter’s five forces framework has been utilized along with the value chain analysis to provide an in-depth insight into the fingerprint sensors market.
• The major drivers, restraints, opportunities, and challenges for the fingerprint sensors market have been detailed in this report.
• The report includes a detailed competitive landscape along with key players, in-depth analysis, and revenue of key players.
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