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Global IT Spending Market by Mobile Payment Service Providers 2015-2019

Global IT Spending Market by Mobile Payment Service Providers 2015-2019

About IT spending by mobile payment service provider

Proliferation of mobile devices has created a market for mobile payments. Mobile payments are transactions that can be carried out using mobile devices such as smartphones. Mobile payments are a revolutionary trend in the digital payments industry and use technology such as NFC for touchless payments. They enable online purchases and payment of bills. The growth of the global mobile payment market has been stimulated by an ever growing m-commerce market and adoption of smartphones, along with the availability of value-added services at affordable costs.

Mobile payment service providers such as PayPal, Mastercard, AmazonPay, and Google Wallet are increasingly investing in IT to enhance their technological capabilities, ensure operational efficiency, and keep pace with a growing customer base. Mobile payment service providers are also acquiring IT players and building in-house capabilities. They are also collaborating with IT players, such as IBM and Oracle, to better understand their customers’ needs and offer customized services using analytics and BI tools.

Data security is a key concern among mobile payment service providers. These providers gather personal data to customize advertisements and reach the target audience.

They track cookies to gather information. Indiscriminate use of this data can lead to infringement of customers’ privacy. It also leads to concerns about the security of customers’ financial information. However, mobile payment service providers are trying to enhance security of data, and to some extent have changed consumer perception about security of their personal information. Technavio expects substantial spending on mobile payment solutions from the banking sector. The banking sector is investing in several initiatives including digital banking and digital transformation, mobile banking and payments, security solutions, and analytical solutions.

Technavio's analysts forecast the global IT spending market by mobile payment service providers to grow at a CAGR of 12.26% over the period 2014-2019.

Covered in this report

This report covers the present scenario and growth prospects of the global IT spending market by mobile payment service providers for the period 2015-2019. To calculate the market size, the report considers revenue generated through sales of hardware, software, and services.

The report presents the vendor landscape and a corresponding detailed analysis of the leading vendors in the global IT spending market by mobile payment service providers. In addition, it discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends emerging in the market.

Technavio's report, Global IT Spending Market by Mobile Payment Service Providers 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC, the Americas, and EMEA. It also covers the landscape of the global IT spending market by mobile payment service providers and its growth prospects in the coming years. The report also includes a discussion on the key vendors operating in this market.

Key regions

  • Americas
  • APAC
  • EMEA
Key vendors
  • Amazon Payments
  • HP
  • IBM
  • MasterCard
  • Oracle
  • PayPal
  • SAP
Other prominent vendors
  • Accenture
  • Apple Pay
  • AT&T
  • CSC
  • Fujitsu
  • Google Pay
  • Infosys
  • Samsung
  • SAP
  • Square
  • TCS
  • Verizon
  • Wipro
Market driver
  • Rise in technological advancements
  • For a full, detailed list, view our report
Market challenge
  • Concerns regarding security and privacy of data
  • For a full, detailed list, view our report
Market trend
  • Emergence of cloud-based mobile payment solutions
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global IT Spending by Mobile Payment Service Providers 2015-2019

Technavio recognizes the following companies as the key players in the Global IT Spending by Mobile Payment Service Providers: Amazon Payments, IBM, HP and Oracle

Other Prominent Vendors in the market are: Accenture, AT&T, CSC, Fujitsu, Google Pay, Infosys, SAP, Samsung, Square, TCS, Verizon, and Wipro.

Commenting on the report, an analyst from Technavio’s team said: “Social media is one of the major influences on the mobile payment processing landscape. Mobile payment service providers, financial institutions, and merchants are keenly monitoring consumers' conversations and developing processes and technology based on the insights derived from online chat and customer sentiments.”

According to the report, an increase in the sale of smartphones, increase in accessibility to the internet, and rise in time spent on mobile devices is creating notable opportunity for m-commerce. Many brick and mortar retailers and most e-commerce vendors are opting for mobile platforms to sell their goods and services. The exhibits below illustrate the shipment of mobile devices and also their global penetration during the forecast period.

Further, the report states that the growth of the global mobile payment market is dependent on the demand for and availability of POS terminals, where cellphones are used for payment. As POS terminals for contactless payment are expensive, retailers are likely to upgrade their infrastructure only if there is demand for contactless payment among consumers.

Companies Mentioned

Amazon Payments, IBM, HP, Oracle, Accenture, AT&T, CSC, Fujitsu, Google Pay, Infosys, SAP, Samsung, Square, TCS, Verizon, Wipro.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Base year
    • Offerings of the top vendors
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Industry overview
      • Table Overview: Mobile payment market
    • Market size and forecast
      • Table Global IT spending by mobile payment service providers 2014-2019 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
    • Market segmentation based on product
      • Table Segmentation based on product 2014
  • Geographical segmentation
    • Market segmentation based on geography
      • Table Segmentation based on geography 2014
    • Americas
      • Table IT spending by mobile payment service providers in Americas 2014-2019 ($ billions)
    • EMEA
      • Table IT spending by mobile payment service providers in EMEA 2014-2019 ($ billions)
    • APAC
      • Table IT spending by mobile payment service providers in APAC 2014-2019 ($ billions)
  • Market drivers
    • Table Global mobile devices 2014-2019 (millions of units)
    • Table Global smartphone and tablet penetration 2014-2019 (% of global population)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Vendor landscape
    • Other prominent vendors
  • Key vendor analysis
    • Amazon Payments
      • Table Amazon Payments: Business offerings
    • HP
      • Table HP: Business segmentation by revenue 2014
      • Table HP: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table HP: Geographical segmentation by revenue 2014
    • IBM
      • Table IBM: Business segmentation
      • Table IBM: Business segmentation revenue 2013 and 2014 ($ billions)
    • MasterCard
      • Table MasterCard: Business segmentation by revenue 2014
      • Table MasterCard: Business segmentation by revenue 2013 and 2014
      • Table MasterCard: Geographical segmentation by revenue 2014
    • Oracle
      • Table Oracle: Business segmentation by revenue 2014
      • Table Oracle: Business segmentation by revenue 2014 and 2015
      • Table Oracle: Geographical segmentation by revenue 2014
    • PayPal
      • Table PayPal: Business offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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