DUBLIN, Dec. 02, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/pxwbvl/global_it) has announced the addition of the "Global IT Spending Market by Mobile Payment Service Providers 2015-2019" report to their offering.
The global IT spending market by mobile payment service providers to grow at a CAGR of 12.26% over the period 2014-2019.
Mobile payment service providers such as PayPal, Mastercard, AmazonPay, and Google Wallet are increasingly investing in IT to enhance their technological capabilities, ensure operational efficiency, and keep pace with a growing customer base. Mobile payment service providers are also acquiring IT players and building in-house capabilities. They are also collaborating with IT players, such as IBM and Oracle, to better understand their customers' needs and offer customized services using analytics and BI tools.
Data security is a key concern among mobile payment service providers. These providers gather personal data to customize advertisements and reach the target audience.
According to the report, an increase in the sale of smartphones, increase in accessibility to the internet, and rise in time spent on mobile devices is creating notable opportunity for m-commerce. Many brick and mortar retailers and most e-commerce vendors are opting for mobile platforms to sell their goods and services. The exhibits below illustrate the shipment of mobile devices and also their global penetration during the forecast period.
Further, the report states that the growth of the global mobile payment market is dependent on the demand for and availability of POS terminals, where cellphones are used for payment. As POS terminals for contactless payment are expensive, retailers are likely to upgrade their infrastructure only if there is demand for contactless payment among consumers.
- Amazon Payments
Other prominent vendors
- Apple Pay
- Google Pay
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Geographical segmentation
Part 07: Market drivers
Part 08: Impact of drivers
Part 09: Market challenges
Part 10: Impact of drivers and challenges
Part 11: Market trends
Part 12: Vendor landscape
Part 13: Key vendor analysis
Part 14: Appendix
For more information visit http://www.researchandmarkets.com/research/pxwbvl/global_it
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SOURCE Research and Markets