The Consumer Mobile Payment Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Consumer Mobile Payment Market?
The market size of the consumer mobile payment industry has seen significant growth recently. The projections show that it is expected to increase from $82 billion in 2024 to $107.08 billion in 2025. This represents a compound annual growth rate (CAGR) of 30.6%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Consumer Mobile Payment Industry?
In 2029, the market size for the global consumer mobile payment is projected to be $307.71 billion. Furthermore, it is expected to grow at a compound annual growth rate (CAGR) of 30.2%.
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What are the Key Growth Drivers Fueling the Consumer Mobile Payment Market?
The key drivers in the consumer mobile payment market are:
• Continued proliferation of smartphones and mobile internet access
• Expansion of mobile payment acceptance in retail and service sectors
• Growth of peer-to-peer payment platforms and social commerce
• Increased demand for financial inclusion and accessibility in emerging markets and among unbanked populations
Global Market Segmentation: Identifying Major Consumer Mobile Payment Industry Segments
The consumer mobile payment market covered in this report is segmented –
1) By Mode of Payment: Remote, Proximity
2) By Technology: Near Field Communication (NFC), Direct Mobile Billing, Mobile Web Payment, Short Message Services, Interactive Voice Response System, Mobile App, Other Technologies
3) By End-User Industry: Retail, Hospitality And Tourism, Information Technology And Telecommunication, Banking, Financial Services, and Insurance (BFSI), Media And Entertainment, Healthcare, Airline, Other End Users
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What are the Emerging Trends Shaping the Future of the Consumer Mobile Payment Market?
The key trends in the consumer mobile payment market are:
• The market trend shows an integration of biometric authentication in mobile payment systems.
• Peer-to-peer platforms are witnessing increasing demand in the mobile payment market.
• There's a development of solutions for both in-store and online purchases, enhancing convenience in mobile payments.
• Cybersecurity is becoming an increasing focus as companies seek to secure mobile transactions.
Who Are the Top Competitors & Leading Players in the Consumer Mobile Payment Market?
Major companies in the consumer mobile payment market are:
• Amazon.com Inc.
• Apple Inc.
• Alphabet Inc.
• Samsung Electronics Co. Ltd.
• Alibaba Group Holdings Limited
• American Express Company
• Visa Inc.
• PayPal Holdings Inc.
• MasterCard Incorporated
• Thales Group
• Fiserv Inc.
• Square Inc.
• Bharti Airtel Ltd.
• Fidelity National Information Services Inc.
• Orange Polska SA
• Grubhub Inc.
• Jack Henry & Associates Inc.
• Block Inc.
• ACI Worldwide Inc.
• Money Gram International Inc.
• Dawood Hercules Corporation Limited
• Oxigen Services Pvt. Ltd.
• Mobikwik Systems Ltd.
• ZipCash Card Services Pvt. Ltd.
• Vodafone M-pesa Limited
• One97 Communication India Ltd.
• Citrus Payment Solutions Pvt. Ltd.
Regional Dominance: Which Area Leads the Global Consumer Mobile Payment Market?
North America was the largest region in the consumer mobile payment market in 2024
