A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Consumer Mobile Payments – Global Market Trajectory & Analytics.” The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 9; Released: April 2021
Executive Pool: 3341
Companies: 57 – Players covered include ACI Worldwide, Inc.; Alphabet, Inc.; Apple, Inc.; DH Corporation; Fidelity National Information Services, Inc. (FIS); Fiserv, Inc.; Jack Henry & Associates, Inc.; MasterCard, Inc.; PayPal; Samsung Electronics Co., Ltd.; Square, Inc.; Visa, Inc. and Others.
Coverage: All major geographies and key segments
Segments: End-Use Industry (Retail, Hospitality & Tourism, IT & Telecommunication, BFSI, Media & Entertainment, Other End-Use Industries); Payment Mode (Remote, Proximity)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Consumer Mobile Payments Market to Reach $15.8 Billion by 2026
Amid the COVID-19 crisis, the global market for Consumer Mobile Payments estimated at US$2.4 Billion in the year 2020, is projected to reach a revised size of US$15.8 Billion by 2026, growing at a CAGR of 36% over the analysis period. Remote, one of the segments analyzed in the report, is projected to record a 33.6% CAGR and reach US$17 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Proximity segment is readjusted to a revised 52.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $909.5 Million in 2021, While China is Forecast to Reach $3.6 Billion by 2026
The Consumer Mobile Payments market in the U.S. is estimated at US$909.5 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.6 Billion by the year 2026 trailing a CAGR of 41.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 29.8% and 33.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 32.1% CAGR. More
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