NORTH AMERICA MOBILE PAYMENT MARKET FORECAST 2018-2026

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NORTH AMERICA MOBILE PAYMENT MARKET FORECAST 2018-2026

 The North America mobile payment market accounted for the highest share of the global market in 2017. The market is now poised to grow at an estimated CAGR of 21.20% over the forecast years of 2018-2026. The United States, Canada and the rest of North America are the regions studied for this market. The market is being driven by increasing acquisitions and partnerships in this region, with the United States contributing to nearly xx% in the year 2017.

NORTH AMERICA MOBILE PAYMENT MARKET FORECAST 2018-2026

North America Mobile Payment Market by Types of Payment (Mobile Person to Person Transfer (P2P), Mobile Commerce, Prepaid Mobile Wallet, in App Billing, Carrier Billing and Closed Loop Payments), by Medium (Sms, Internet, Contactless, USSD)& by Geography

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The North America mobile payment market accounted for the highest share of the global market in 2017. The market is now poised to grow at an estimated CAGR of 21.20% over the forecast years of 2018-2026.

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The United States, Canada and the rest of North America are the regions studied for this market. The market is being driven by increasing acquisitions and partnerships in this region, with the United States contributing to nearly xx% in the year 2017. As a developed economy, the US has shown strong growth in the technologically advanced mobile payments market.  Near Field Communication (NFC) and QR/ barcode are the most popular mode of Mobile payments in this country. By the end of 2026, the Canadian market is expected to showcase the highest CAGR, driven by increasing number of smartphone users who have adopted various mobile payment options.

Some of the eminent companies in the mobile payments market are Bank Of America, Apple Inc, Banco Bilbao Vizcaya Argentaria Wallet, M-Pesa, Mastercard, The Western Union Company, Paypal, Paymentwall, Intuit Pay, 99bill Corporation, Yeepay, Google, Softcard, Izettle, We Pay Inc, etc.

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  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
    • ESTIMATION METHODOLOGY
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • NORTH AMERICA DOMINATES THE GLOBAL MOBILE PAYMENT MARKET
      • MOBILE PAYMENTS HAVE BECOME A MAINSTREAM PAYMENT METHOD
      • MOBILE PERSON TO PERSON TRANSFER (P2P) HOLDS MAJOR CHUNK OF THE NORTH AMERICA MOBILE PAYMENT MARKET BY TYPE OF PAYMENT
  1. MARKET OVERVIEW
    • MARKET DEFINITION
    • MARKET CONSTITUENTS
      • BANKS AND TELECOM COMPANIES
    • REGULATORY BODIES
      • FINANCIAL REGULATORS
      • TELECOM REGULATORS
      • DATA PROTECTION
    • MOBILE PAYMENT PLATFORM PROVIDERS
      • APPLICATION DEVELOPERS
    • DRIVERS
      • THE NORTH AMERICA MOBILE PAYMENT MARKET IS DRIVEN BY ACQUISITIONS AND PARTNERSHIPS
      • MOBILE PAYMENT IS BEING PREFERRED OVER TRADITIONAL BANKING METHODS
      • TECHNOLOGICAL ADVANCEMENT BOOSTING THE MOBILE PAYMENT MARKET
      • SMALL MERCHANTS AND BUSINESSES ACCEPTING MOBILE PAYMENTS
      • EXTENSIVE USE OF MOBILE PAYMENT BY UNBANKED POPULATION
      • MOBILE PAYMENT MARKET DRIVEN BY GROWTH IN E-COMMERCE
    • RESTRAINTS
      • SECURITY THREATS ARE THE MAJOR CONCERNS
      • SPYWARE AND MALWARE ATTACKS MAY SLOW DOWN THE MOBILE PAYMENT MARKET
      • INTEROPERABILITY IS A KEY CONCERN
    • OPPORTUNITIES
      • INTRODUCTION OF MORE USER-FRIENDLY TECHNOLOGIES TO CREATE SCOPE FOR MOBILE PAYMENT MARKET
      • ENTRY OF BIG PLAYERS IN MOBILE PAYMENT MARKET TO CREATE HUGE SCOPE FOR NORTH AMERICA PAYMENT MARKET
      • EMPHASIS ON USER-CONVENIENCE GIVING RISE TO ADOPTION OF MOBILE PAYMENT SYSTEMS
      • CASH TRANSACTION LIMIT
      • SMART CITIES EXPECTED TO BRING SIGNIFICANT BUSINESS FOR MOBILE PAYMENT MARKET
      • UNBANKED GEOGRAPHIES ARE THE OPPORTUNITY MARKETS
    • CHALLENGES
      • UNWILLINGNESS TO SWITCH TO NEW TECHNOLOGY
      • HUGE CAPITAL REQUIREMENT
      • NEW ADDITIONS TO THE TECHNOLOGY AND UNCLEAR RULES CONFUSE THE MARKET PLAYERS AND CUSTOMERS
      • LACK OF CONFIDENCE AND LATE ARRIVAL SCENARIO MAY AFFECT THE GROWTH OF THE MARKET
      • ADDRESSING THE COMPLEXITIES IS A CONCERN
      • LACK OF TECHNOLOGICAL STANDARDS
      • MOBILE PAYMENTS NEED TO CREATE SPACE FOR LONG-TERM GROWTH
  1. NORTH AMERICA MOBILE PAYMENT MARKET BY TYPES OF PAYMENT 2018-2026 ($ BILLION)
    • MOBILE PERSON TO PERSON TRANSFER (P2P)
    • MOBILE COMMERCE
      • VARIOUS MOBILE COMMERCE SERVICES
    • PREPAID MOBILE WALLET
    • IN-APP BILLING
    • CARRIER BILLING
    • CLOSED LOOP PAYMENT
  2. NORTH AMERICA MOBILE PAYMENT MARKET BY MEDIUM 2018-2026 ($ BILLION)
    • SMS
    • INTERNET
    • CONTACTLESS
    • USSD
  3. KEY ANALYTICS
    • PORTER’S 5 FORCE MODEL
      • BARGAINING POWER OF BUYERS
      • BARGAINING POWER OF SUPPLIERS
      • THREAT OF SUBSTITUTE PRODUCTS
      • THREAT OF NEW ENTRANTS
      • INTENSITY OF COMPETITIVE RIVALRY
    • VENDOR LANDSCAPE
    • OPPORTUNITY MATRIX
  4. NORTH AMERICA MOBILE PAYMENT MARKET BY COUNTRIES 2018-2026 ($ BILLION)
    • UNITED STATES
    • CANADA
    • REST OF NORTH AMERICA
  5. COMPETITIVE LANDSCAPE
    • MARKET SHARE ANALYSIS
    • STRATEGIC MOVES
    • COMPANY PROFILES
      • APPLE INC.
      • ALIPAY
      • AIRTEL MONEY
      • BOKU
      • BANK OF AMERICA
      • BANCO BILBAO VIZCAYA ARGENTARIA WALLET
      • BEIJING QIANDAIBAO PAYMENT TECHNOLOGY LTD.
      • CHINA UNIONPAY
      • MERCHANT CUSTOMER EXCHANGE
      • M-PESA
      • DWOLLA CORP
      • G-XCHANGE
      • GOOGLE
      • IZETTLE
      • INTUIT PAY
      • MASTERCARD
      • SQUARE INC
      • TENPAY TECHNOLOGY LTD
      • THE WESTERN UNION COMPANY
      • WE PAY INC
      • YEEPAY
      • 99BILL CORPORATION
      • SOFTCARD
      • PAYTM
      • PAYPAL
      • PAYMENTWALL
      • OBOPAY INC

 

LIST OF TABLES

TABLE 1 NORTH AMERICA MOBILE PAYMENT MARKET BY COUNTRIES 2018-2026 ($ BILLION)

TABLE 2 MOBILE PAYMENT RISKS AND CHALLENGES

TABLE 3 NORTH AMERICA MOBILE PAYMENT MARKET BY TYPES OF PAYMENT 2018-2026 ($ BILLION)

TABLE 4 MOBILE WALLET TECHNOLOGIES

TABLE 5 NORTH AMERICA MOBILE PAYMENT MARKET BY MEDIUM 2018-2026 ($ BILLION)

TABLE 6 NORTH AMERICA MOBILE PAYMENT MARKET BY COUNTRIES 2018-2026 ($ BILLION)

 

LIST OF FIGURES

FIGURE 1 NORTH AMERICA MOBILE PAYMENT MARKET BY TYPES OF MOBILE PAYMENT 2018-2026 ($ BILLION)

FIGURE 2 EVOLUTION OF PAYMENT SYSTEM

FIGURE 3 REGULATORY BODIES IMPACTING MOBILE PAYMENT MARKET

FIGURE 4 PERCENTAGE OF PHISHING ATTACKS BY SECTOR IN 2015

FIGURE 5 MOBILE PAYMENTS NORTH AMERICA PRODUCT MIX BY VALUE 2014

FIGURE 6 IMPACT OF MOBILE FINANCIAL SERVICES ON UNBANKED GEOGRAPHIES IN 2016

FIGURE 7 NORTH AMERICA MOBILE PERSON TO PERSON TRANSFER (P2P) MARKET 2018-2026 ($ MILLION)

FIGURE 8 NORTH AMERICA MOBILE COMMERCE MARKET 2018-2026 ($ BILLION)

FIGURE 9 NORTH AMERICA PREPAID MOBILE WALLET MARKET 2018-2026 ($ BILLION)

FIGURE 10 NORTH AMERICA IN-APP BILLING MARKET 2018-2026 ($ BILLION)

FIGURE 11 NORTH AMERICA CARRIER BILLING MARKET 2018-2026 ($ BILLION)

FIGURE 12 NORTH AMERICA CLOSED LOOP PAYMENTS MARKET 2018-2026 ($ BILLION)

FIGURE 13 NORTH AMERICA SMS MARKET 2018-2026 ($ BILLION)

FIGURE 14 NORTH AMERICA INTERNET MARKET 2018-2026 ($ BILLION)

FIGURE 15 NORTH AMERICA CONTACTLESS MARKET 2018-2026 ($ BILLION)

FIGURE 16 NORTH AMERICA USSD MARKET 2018-2026 ($ BILLION)

FIGURE 17 US MOBILE PAYMENT MARKET 2018-2026 ($ BILLION)

FIGURE 18 NUMBER OF SMARTPHONES AND TABLET USERS IN US FROM 2014 TO 2020 (IN MILLION)

FIGURE 19 NUMBER OF SMARTPHONE AND TABLET USERS IN CANADA 2014-2018 (IN MILLION)

FIGURE 20 CANADA MOBILE PAYMENT MARKET 2018-2026 ($ BILLION)

FIGURE 21 REST OF NORTH AMERICA MOBILE PAYMENT MARKET 2018-2026 ($ BILLION)

FIGURE 22 MARKET SHARE OF MOBILE PAYMENT MARKET 2017

  1. NORTH AMERICA MOBILE PAYMENT MARKET BY COUNTRIES 2018-2026 ($ BILLION)
    • UNITED STATES
    • CANADA
    • REST OF NORTH AMERICA
  2. NORTH AMERICA MOBILE PAYMENT MARKET BY TYPES OF PAYMENT 2018-2026 ($ BILLION)
    • MOBILE PERSON TO PERSON TRANSFER (P2P)
    • MOBILE COMMERCE
      • VARIOUS MOBILE COMMERCE SERVICES
    • PREPAID MOBILE WALLET
    • IN-APP BILLING
    • CARRIER BILLING
    • CLOSED LOOP PAYMENT
  3. NORTH AMERICA MOBILE PAYMENT MARKET BY MEDIUM 2018-2026 ($ BILLION)
    • SMS
    • INTERNET
    • CONTACTLESS
    • USSD

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