NORTH AMERICA MOBILE PAYMENT MARKET 2019-2027

ICT | Media Software & Services

NORTH AMERICA MOBILE PAYMENT MARKET 2019-2027

Market By Medium, Type, Application And Geography | Forecast 2019-2027

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Triton Market Research’s report on the North America mobile payment market suggests that the market is expected to grow in terms of revenue with a CAGR of 21.77% during the forecast period 2019-2027.

Countries that have been studied in the North America mobile payment market are:

•           The United States

•           Canada

Mobile payment is a type of payment method in which the customer makes use of a mobile device in order to carry out monetary transaction. This method is an alternative to paying money via cash, check, or credit/debit cards for the purchase of various goods or services. Despite the idea of utilizing non-coin-based cash transactions has been prevalent since a long time, it is only of late that the innovation to make these changes have turned out to be generally available. The North American mobile payment market can be classified based on the type of payment and medium.

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The growth in the e-commerce industry is largely responsible for the large-scale adoption of mobile payment systems in North America. A payment system called Near Field Communication (NFC) is now being incorporated into mobile phones to make a digital wallet. Moreover, mobile payment is a favorable option as compared to other payment modes. The entry of tech giants such as Apple and Google has generated tremendous scope for the proliferation of the global mobile payments market. Companies like Paypal, MCX, Braintree, etc. have been in the market since long. Mobile payments systems need to develop technology that can provide a universal mode of payment. Varying set of standards for usage and lack of consensus among major market players has impeded market growth.

The report from Triton discusses the market definition and key industrial insights about the mobile payment market in North America. Also, the industrial player positioning, key market strategies, information about the evolution of the payment market, Porter’s five force analysis, vendor scorecard and the market attractiveness matrix has been provided.


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Table of Content

1.    NORTH AMERICA MOBILE PAYMENT MARKET - SUMMARY

2.    INDUSTRY OUTLOOK

2.1. MARKET DEFINITION

2.2. KEY INSIGHTS

2.2.1.   MOBILE PERSON-TO-PERSON TRANSFER (P2P) DOMINATES THE GLOBAL MOBILE PAYMENT MARKET BY TYPE OF PAYMENT

2.2.2.   CONTACTLESS MEDIUM FOR MOBILE PAYMENT TO GROW AT SIGNIFICANT RATE

2.2.3.   RETAIL INDUSTRY SHOWS A LARGE DEMAND IN THE MOBILE PAYMENT MARKET

2.3. EVOLUTION & TRANSITION OF MOBILE PAYMENT

2.4. PORTER'S FIVE FORCE ANALYSIS

2.5. MARKET ATTRACTIVENESS MATRIX

2.6. VENDOR SCORECARD

2.7. INDUSTRY PLAYER POSITIONING

2.8. KEY MARKET STRATEGIES

2.9. MARKET DRIVERS

2.9.1.   GROWTH IN E-COMMERCE

2.9.2.   INORGANIC GROWTH VIA MERGERS AND ACQUISITIONS

2.9.3.   MOBILE PAYMENT IS BEING PREFERRED OVER TRADITIONAL BANKING METHODS

2.9.4.   MOBILE PAYMENTS BEING ACCEPTED BY SMALL MERCHANTS AND BUSINESSES

2.9.5.   TECHNOLOGICAL ADVANCEMENT

2.9.6.   UNBANKED POPULATION OPTING FOR EXTENSIVE USE OF MOBILE

2.10.            MARKET RESTRAINTS

2.10.1.                SECURITY CONCERN

2.10.2.                INTEROPERABILITY IS A KEY CONCERN

2.10.3.                SPYWARE AND MALWARE ATTACKS MAY SLOW DOWN THE MARKET

2.11.            MARKET OPPORTUNITIES

2.11.1.                EMPHASIS ON USER-CONVENIENCE GIVING RISE TO ADOPTION OF MOBILE PAYMENT SYSTEMS

2.11.2.                ENTRY OF BIG PLAYERS IN MOBILE PAYMENT MARKET

2.11.3.                GROWING SMART CITY PROJECTS

2.11.4.                INTRODUCTION OF MORE USER-FRIENDLY TECHNOLOGIES

2.11.5.                LIMITATIONS ON CASH TRANSACTION

2.11.6.                UNBANKED GEOGRAPHIES ARE THE OPPORTUNITY MARKETS

2.12.            MARKET CHALLENGES

2.12.1.                ADDRESSING THE COMPLEXITIES IS A CONCERN

2.12.2.                HUGE CAPITAL REQUIREMENT

2.12.3.                LACK OF TECHNOLOGICAL STANDARDS  

2.12.4.                LATE ARRIVAL SCENARIO AND LACK OF INDUSTRY STANDARD

2.12.5.                MOBILE PAYMENTS NEED TO CREATE SPACE FOR LONG-TERM GROWTH

2.12.6.                NEW ADDITIONS TO THE TECHNOLOGY AND UNCLEAR RULES CONFUSE THE MARKET PLAYERS AND CUSTOMERS

2.12.7.                RELUCTANCE TO SWITCH TO NEW TECHNOLOGY

3.    MOBILE PAYMENT MARKET OUTLOOK - BY MEDIUM

3.1. SMS

3.2. INTERNET

3.3. CONTACTLESS

3.4. USSD

4.    MOBILE PAYMENT MARKET OUTLOOK - BY TYPE

4.1. MOBILE PERSON-TO-PERSON TRANSFER (P2P)

4.2. MOBILE COMMERCE (POS)

4.3. PREPAID MOBILE WALLET

4.4. IN-APP BILLING

4.5. CARRIER BILLING

4.6. CLOSED LOOP PAYMENTS

5.    MOBILE PAYMENT MARKET OUTLOOK - BY APPLICATION

5.1. HEALTHCARE

5.2. RETAIL

5.3. ENERGY & UTILITIES

5.4. HOSPITALITY AND TRANSPORTATION

5.5. ENTERTAINMENT

5.6. OTHER APPLICATIONS

6.    MOBILE PAYMENT MARKET - NORTH AMERICA

 6.1.      UNITED STATES

 6.2.      CANADA

7.    COMPETITIVE LANDSCAPE

7.1. APPLE, INC.

7.2. ALIPAY

7.3. BOKU

7.4. BANK OF AMERICA

7.5. BANCO BILBAO VIZCAYA ARGENTARIA WALLET

7.6. CHINA UNIONPAY

7.7. MERCHANT CUSTOMER EXCHANGE

7.8. M-PESA

7.9. DWOLLA CORP.

7.10.            GOOGLE

7.11.            IZETTLE

7.12.            INTUIT PAY

7.13.            MASTERCARD

7.14.            SQUARE, INC.

7.15.            TENPAY TECHNOLOGY, LTD.

7.16.            THE WESTERN UNION COMPANY

7.17.            WE PAY, INC.

7.18.            SOFTCARD

7.19.            PAYTM

7.20.            PAYPAL

7.21.            PAYMENTWALL

8.    METHODOLOGY & SCOPE

8.1. RESEARCH SCOPE

8.2. SOURCES OF DATA

8.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1. MARKET ATTRACTIVENESS MATRIX FOR MOBILE PAYMENT MARKET   

TABLE 2. VENDOR SCORECARD OF MOBILE PAYMENT MARKET        

TABLE 3. KEY STRATEGIC DEVELOPMENTS IN MOBILE PAYMENT MARKET

TABLE 4. NORTH AMERICA MOBILE PAYMENT MARKET, COUNTRY OUTLOOK, 2019-2027 (IN $ BILLION)

TABLE 5. NORTH AMERICA MOBILE PAYMENT MARKET, BY TYPE, 2019-2027 (IN $ BILLION)           

TABLE 6. NORTH AMERICA MOBILE PAYMENT MARKET, BY MEDIUM, 2019-2027 (IN $ BILLION)                   

TABLE 7. NORTH AMERICA MOBILE PAYMENT MARKET, BY APPLICATION, 2019-2027 (IN $ BILLION)

List of Figures

FIGURE 1. NORTH AMERICA MOBILE PAYMENT MARKET, 2019-2027 (IN $ BILLION)          

FIGURE 2. PORTER’S FIVE FORCE ANALYSIS OF MOBILE PAYMENT MARKET

FIGURE 3. TIMELINE OF MOBILE PAYMENT

FIGURE 4. KEY PLAYER POSITIONING IN 2018 (%)

FIGURE 5. NORTH AMERICA MOBILE PERSON-TO-PERSON TRANSFER (P2P) MARKET 2019-2027 ($ BILLION)

FIGURE 6. NORTH AMERICA MOBILE COMMERCE MARKET 2019-2027 ($ BILLION)

FIGURE 7. NORTH AMERICA PREPAID MOBILE WALLET MARKET 2019-2027 ($ BILLION)

FIGURE 8. NORTH AMERICA IN-APP BILLING MARKET 2019-2027 ($ BILLION)

FIGURE 9. NORTH AMERICA CARRIER BILLING MARKET 2019-2027 ($ BILLION)

FIGURE 10. NORTH AMERICA CLOSED-LOOP PAYMENTS MARKET 2019-2027 ($ BILLION)

FIGURE 11. NORTH AMERICA SMS MARKET 2019-2027 ($ BILLION)

FIGURE 12. NORTH AMERICA INTERNET MARKET 2019-2027 ($ BILLION)

FIGURE 13. NORTH AMERICA CONTACTLESS MARKET 2019-2027 ($ BILLION)

FIGURE 14. NORTH AMERICA USSD MARKET 2019-2027 ($ BILLION)

FIGURE 15. NORTH AMERICA MOBILE PAYMENT MARKET, BY APPLICATION, 2018 & 2027 (IN %)

FIGURE 16. NORTH AMERICA MOBILE PAYMENT MARKET, BY HEALTHCARE, 2019-2027 (IN $ BILLION)

FIGURE 17. NORTH AMERICA MOBILE PAYMENT MARKET, BY RETAIL, 2019-2027 (IN $ BILLION)

FIGURE 18. NORTH AMERICA MOBILE PAYMENT MARKET, BY ENERGY & UTILITIES, 2019-2027 (IN $ BILLION)

FIGURE 19. NORTH AMERICA MOBILE PAYMENT MARKET, BY HOSPITALITY AND TRANSPORTATION, 2019-2027 (IN $ BILLION)

FIGURE 20. NORTH AMERICA MOBILE PAYMENT MARKET, BY ENTERTAINMENT, 2019-2027 (IN $ BILLION)         

FIGURE 21. NORTH AMERICA MOBILE PAYMENT MARKET, BY OTHER APPLICATIONS, 2019-2027 (IN $ BILLION)

FIGURE 22. NORTH AMERICA MOBILE PAYMENT MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)  

FIGURE 23. UNITED STATES MOBILE PAYMENT MARKET, 2019-2027 (IN $ BILLION)         

FIGURE 24. CANADA MOBILE PAYMENT MARKET, 2019-2027 (IN $ BILLION)

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