DUBLIN, Apr. 14, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/c6gj6n/mobile_money) has announced the addition of the Mobile Money Market by Transaction Mode, Nature of Payment, Location, Type of Purchase, & by Industry (BFSI, Telecom & IT, Media & Entertainment, Healthcare, Retail, Travel & Hospitality, Transportation & Logistics, Others) - Global Forecast to 2019" report to their offering.
The global mobile money market is expected to grow from $12.34 billion in 2014 to $78.02 billion by 2019, at a Compound Annual Growth Rate (CAGR) of 44.6% during the forecast period from 2014 to 2019.
The mobile money market has competently established itself as one of the fastest growing markets globally and still exhibits growth of 44.6% between 2014 and 2019. With mobile phone usage becoming a consistent communication and content access medium, mobile money services are becoming highly popular among the people. From its onset, in the year 2007 mobile money has evolved from providing payment transactions though Short Messaging Services (SMS) and Direct Mobile Billing to the more contemporary Near Field Communication (NFC)/ Smart Card transactions.
Moreover, the Person To Person nature of payment continues to be the most widely used payment method in mobile money services, while both remote payments and proximity payments remain as the broadly used location-based payments. In addition, with the widespread acceptance of mobile money services across various regions, this market is gradually gaining traction among the industrial verticals of retail, travel and hospitality, healthcare, and transportation and logistics, whereby, BFSI and telecom prevail as the leading users of mobile money services. This has primarily been augmented with the widespread acceptance by the mobile users to leverage mobile money services and to increase their convenience obtained through faster monetary transactions over their mobile phones.
The emergence of mobile money services has also opened new business potentials for the chief stakeholders present in the mobile money ecosystem which include the Mobile Network Operators (MNOs), financial institutes such as banks, payment processing agents, and payment platform providers among various others. These services have broadly expanded the product portfolios for these stakeholders and have also been influential in boosting their revenues and market foothold to different markets. With the mounting usage of mobile money services by both banked and unbanked customers, these solutions have been chiefly responsible for diversifying and expanding their customer base across different regions and industrial verticals. Hence, the mobile money service in turn has been highly influential in empowering the business value and success rate for these stakeholders.
Further, the major vendors involved in the mobile money market are Vodafone Group PLC, Gemalto, FIS, Google, Inc., MasterCard Incorporated, Bharti Airtel Limited, Orange S.A., Monitise, Mahindra Comviva, and PayPal (eBay, Inc.). Key strategies used by these vendors include partnerships and acquisition so as to increase their market share and global reach in the mobile money market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Mobile Money Market Analysis, By Segments
8 Mobile Money Market Analysis, By Industry Vertical
9 Geographic Analysis
10 Competitive Landscape
11 Company Profiles
- Bharti Airtel Limited
- Google, Inc.
- Mahindra Comviva
- Mastercard Incorporated
- Monitise PLC
- Orange S.A.
- Paypal (Ebay, Inc.)
- Vodafone Group PLC
For more information visit http://www.researchandmarkets.com/research/c6gj6n/mobile_money
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets