Market By Medium, Type, Application And Geography | Forecast 2019-2027
In its report on the Asia-Pacific mobile payments market, Triton concludes that this region is expected to show significant growth in terms of revenue, and proliferate at a compound annual growth rate of 25.13% in the forecast years 2019-2027. The Asia-Pacific mobile payment market is expected to lead the market with the highest compound annual growth rate by the end of the forecast period.
The various countries included in the Asia-Pacific mobile payments market report are:
• India
• South Korea
• China
• Japan
• ASEAN countries
• Australia & New Zealand
• The rest of Asia-Pacific
The region is largely dominated by the countries India, South Korea and Japan, with China having the largest market share with respect to revenue.
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The factors attributing to the growth of the Asia-Pacific mobile payments market region are the increased adoption of these payment systems by small businesses and the number of individuals who haven’t subscribed to banking facilities. The mobile wallet payment system provides the consumer with ease of usage, and thus a large number of the population is now opening up to use this system. Rapid urbanization has given birth to the concept of smart cities in developing countries which are well-equipped with technological infrastructure. This provides a huge scope for market growth. The government of India under PM Narendra Modi has undertaken initiatives such as ‘Digital India’, which aims to expand the reach of digital services. Also, with the huge internet facility penetration in the remotest areas has been highly advantageous to the Asia-Pacific mobile payment market.
In spite of all these benefits, a large number of the population still prefers the traditional mode of payment. The customers are reluctant to grasp new technology, and hence show reluctance to adopt the mobile payment method. In order to overcome these issues, app developing companies need to educate the users on the numerous advantages provided by the mobile banking system.
The report by Triton is broadly classified into two distinct divisions such as the medium and the type of payment. The report provides a detailed analysis about the market definition, key industrial insights, the revolution of the payment market, Porter’s five force analysis, key market strategies, industrial player positioning, vendor scorecard, and the market attractiveness matrix.
Market by Technology (Data ana ..
VIEW REPORT1. ASIA-PACIFIC
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 PAYMENT
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 - ASIA-PACIFIC
6.1. CHINA
6.2. JAPAN
6.3. INDIA
6.4. SOUTH
KOREA
6.5. ASEAN
COUNTRIES
6.6. AUSTRALIA
& NEW ZEALAND
6.7. REST
OF ASIA-PACIFIC
7. COMPETITIVE
LANDSCAPE
7.1. APPLE,
INC.
7.2. ALIPAY
7.3. AIRTEL
MONEY
7.4. BOKU
7.5. BANK
OF AMERICA
7.6. BANCO
BILBAO VIZCAYA ARGENTARIA WALLET
7.7. BEIJING
QIANDAIBAO PAYMENT TECHNOLOGY, LTD.
7.8. CHINA
UNIONPAY
7.9. MERCHANT
CUSTOMER EXCHANGE
7.10.
M-PESA
7.11.
G-XCHANGE
7.12.
GOOGLE
7.13.
IZETTLE
7.14.
INTUIT PAY
7.15.
MASTERCARD
7.16.
SQUARE, INC.
7.17.
TENPAY
TECHNOLOGY, LTD.
7.18.
THE WESTERN UNION COMPANY
7.19.
WE PAY, INC.
7.20.
YEEPAY
7.21.
99BILL CORPORATION
7.22.
SOFTCARD
7.23.
PAYTM
7.24.
PAYPAL
7.25.
PAYMENTWALL
7.26.
OBOPAY, INC.
8. METHODOLOGY
& SCOPE
8.1. RESEARCH
SCOPE
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
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. ASIA-PACIFIC
MOBILE PAYMENT MARKET, COUNTRY OUTLOOK, 2019-2027 (IN $ BILLION)
TABLE 5. ASIA-PACIFIC
MOBILE PAYMENT MARKET, BY TYPE, 2019-2027 (IN $ BILLION)
TABLE 6. ASIA-PACIFIC
MOBILE PAYMENT MARKET, BY MEDIUM, 2019-2027 (IN $ BILLION)
TABLE 7. ASIA-PACIFIC
MOBILE PAYMENT MARKET, BY APPLICATION, 2019-2027 (IN $ BILLION)
FIGURE 1. ASIA-PACIFIC
MOBILE PAYMENT MARKET, 2019-2027 (IN $ MILLION)
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. ASIA-PACIFIC
MOBILE PERSON-TO-PERSON TRANSFER (P2P) MARKET 2019-2027 ($ MILLION)
FIGURE 6. ASIA-PACIFIC
MOBILE COMMERCE MARKET 2019-2027 ($ BILLION)
FIGURE 7. ASIA-PACIFIC
PREPAID MOBILE WALLET MARKET 2019-2027 ($ BILLION)
FIGURE 8. ASIA-PACIFIC
IN-APP BILLING MARKET 2019-2027 ($ BILLION)
FIGURE 9. ASIA-PACIFIC CARRIER
BILLING MARKET 2019-2027 ($ BILLION)
FIGURE 10. ASIA-PACIFIC
CLOSED-LOOP PAYMENTS MARKET 2019-2027 ($ BILLION)
FIGURE 11. ASIA-PACIFIC
SMS MARKET 2019-2027 ($ BILLION)
FIGURE 12. ASIA-PACIFIC
INTERNET MARKET 2019-2027 ($ BILLION)
FIGURE 13. ASIA-PACIFIC
CONTACTLESS MARKET 2019-2027 ($ BILLION)
FIGURE 14. ASIA-PACIFIC
USSD MARKET 2019-2027 ($ BILLION)
FIGURE 15. ASIA-PACIFIC
MOBILE PAYMENT MARKET, BY APPLICATION, 2018 & 2027 (IN %)
FIGURE 16. ASIA-PACIFIC
MOBILE PAYMENT MARKET, BY HEALTHCARE, 2019-2027 (IN $ BILLION)
FIGURE 17. ASIA-PACIFIC
MOBILE PAYMENT MARKET, BY RETAIL, 2019-2027 (IN $ BILLION)
FIGURE 18. ASIA-PACIFIC
MOBILE PAYMENT MARKET, BY ENERGY & UTILITIES, 2019-2027 (IN $ BILLION)
FIGURE 19. ASIA-PACIFIC
MOBILE PAYMENT MARKET, BY HOSPITALITY AND TRANSPORTATION, 2019-2027 (IN $
BILLION)
FIGURE 20. ASIA-PACIFIC
MOBILE PAYMENT MARKET, BY ENTERTAINMENT, 2019-2027 (IN $ BILLION)
FIGURE 21. ASIA-PACIFIC MOBILE PAYMENT MARKET, BY OTHER
APPLICATIONS, 2019-2027 (IN $ BILLION)
FIGURE 22. ASIA-PACIFIC MOBILE PAYMENT MARKET,
REGIONAL OUTLOOK, 2018 & 2027 (IN %)
FIGURE 23. CHINA MOBILE PAYMENT MARKET, 2019-2027
(IN $ BILLION)
FIGURE 24. JAPAN MOBILE PAYMENT MARKET, 2019-2027
(IN $ BILLION)
FIGURE 25. INDIA MOBILE PAYMENT MARKET, 2019-2027
(IN $ BILLION)
FIGURE 26. SOUTH KOREA MOBILE PAYMENT MARKET,
2019-2027 (IN $ BILLION)
FIGURE 27. ASEAN COUNTRIES MOBILE PAYMENT MARKET,
2019-2027 (IN $ BILLION)
FIGURE 28. AUSTRALIA & NEW ZEALAND MOBILE
PAYMENT MARKET, 2019-2027 (IN $ BILLION)
FIGURE 29. REST OF ASIA-PACIFIC MOBILE PAYMENT
MARKET, 2019-2027 (IN $ BILLION)