Mobile Payment Solutions: User Interfaces, Mobile Wallets and Banking 2015 - 2020
The market acceptance for mobile payment is growing rapidly across the world. A growing majority of key retailers are accepting digital payments as mPayments has clearly moved beyond niche status. Many aspects of the mobile payments ecosystem are evolving including what people buy, how purchases are made, what devices are used, how purchases are funded, how merchants or producers are monetized, and even the identity of sellers and buyers. In addition, the global trend towards a “Cashless Society” is driving the need for convenient payment solutions.
There will be continued strong growth in this sector, which will benefit service providers, app developers, financial organizations, and merchants significantly as they streamline front-end processes to leverage efficiencies enabled by back-end systems. Mind Commerce estimates that the mobile payment market will grow at a CAGR of 20.4% over the next five years and eventually account for $830 billion by the end of 2020.
This research evaluates the latest mobile payments technologies, mobile wallet options, and the mobile payments ecosystem including credit card companies and other financial institutions. The report also provides in-depth market analysis, forecasting, and value chain assessment for mobile payments through 2020. All purchases of Mind Commerce reports includes time with an expert analyst who will help you link key findings in the report to the business issues you're addressing. This needs to be used within three months of purchasing the report.
Mobile device vendors
Mobile network operators
Mobile Commerce Companies
Wireless infrastructure companies
Government agencies and authorities
Forecast for mobile payments from 2015 through 2020
Understand alternative payment methods and interfaces
Identify key drivers for the evolution of mobile payments
Understand the mobile payments ecosystem and key players
Recognize financial institutions and alternative players influence
Mind Commerce Publishing's research methodology encompasses input from a wide variety of sources.
We rely heavily upon our Subject Matter Experts (SME) in terms of their market knowledge, unique perspective, and vision. We utilize SME industry contacts as well as previous customers and participants in our market surveys and interactive interviews.
In addition, we rely upon our extensive internal database, which contains modeling, qualitative analysis, and quantitative data. We review secondary sources and compare to our primary sources to update previous findings (for prior version reports) and/or compile baseline information for technology and market modeling.
We share preliminary models with industry contacts (select previous clients, experts, and thought leaders) to verify the veracity of initial modeling. Prior to final report production (analysis, findings, and conclusions), we engage in an internal review with internal SMEs as well as cross-expertise, senior staff members to challenge results.
We believe that forecasts should be prepared as part of an integrated process which involves both quantitative as well as qualitative factors. We follow the following 3-step process for forecasting.
Step 1 - Forecasts Input: The inputs for the present and historical revenues are derived from industry players. Financial and other quantitative data for individual sub-market categories are derived from original research and tested with interviews with major industry constituents.
Step 2 - Forecasting of Future Years: Mind Commerce extends forecasts based on a variety of factors including demand drivers as well as supply side data. Key success factors and assumptions are considered.
Step 3 - Validation of Data: The final step is to validate projections, which is accomplished in consultation with both internal and external industry experts, including both topic and regional experts. Adjustments are made to the forecasts based on factors identified throughout this process.