Report Description

Albany, New York , April 24, 2015 : Market Research Report Search Engine (MRRSE) announces the addition of a new research report to its expanding repertoire of analytical market research studies. The report, compiled by Future Market Insights and titled ‘ Global Mobile Payment Transaction Market Analysis and Opportunity Assessment, 2014-2020’, presents detailed data about the mobile payment transaction market around the world. Historical data about the market is presented and analyzed via reliable and trusted analytical tools. Based on conclusions drawn from this analysis, market growth forecasts are presented.

The report categorizes the global mobile payment transaction market by various criteria to present a comprehensive breakdown of the market. Both historical data and growth forecasts are presented according to each segment of the mobile payment transaction market, in order to provide a more detailed and precise look into the dynamics of the global market.

The criteria used to segment the market are application, technology, and region. Mobile payment transaction is applied in bill payment, ticketing, merchandise purchasing, and money transfer. The various technological modes of mobile payment transaction are near field communication (NFC), wireless application protocol (WAP), SMS, and unstructured supplementary service data (USSD). The global mobile payment transaction market is segmented into the regional segments of North America, Latin America, Asia Pacific, the Middle East, Western Europe, Eastern Europe, and Africa. The report describes the condition of each of the technological segments of the mobile payment transaction market in each of the geographical segments and applications.

Complete Report with TOC @ http://www.mrrse.com/global-mobile-payment-transaction-market

Scope

Globally, considering the number of users, mobile payment transactions market is anticipated to grow at a CAGR of 23.2% through 2020. Eastern Europe is estimated to hold a small portion of user base however is set to witness a high growth rate of 29.1% through the forecast period. In 2014. APAC held maximum number of mobile payment system users in 2014, and is estimated to continue the same trend growing a CAGR of 22% through 2020.
Mobile payments market was valued at US$ 392 billion in 2014, and is expected to reach US $ 2849 billion by 2020. Growing at a CAGR of 39.2% over the forecast period

Key Players

Key players of this market include GoogleWallet, Visa, MasterCard, PayPal, and Braintree to name a few. Easy user interface and ease of operations is expanding the number of mobile payment users across the globe.

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