Market Research Report
Remote Mobile Payments
|Published by||Global Industry Analysts, Inc.||Product code||941547|
|Published||Content info||178 Pages
Delivery time: 1-2 business days
|Remote Mobile Payments|
|Published: July 1, 2020||Content info: 178 Pages||
Global Remote Mobile Payments Market to Reach $24 Trillion by 2027
Amid the COVID-19 crisis, the global market for Remote Mobile Payments estimated at US$2.4 Trillion in the year 2020, is projected to reach a revised size of US$24 Trillion by 2027, growing at aCAGR of 39.1% over the period 2020-2027. Peer-to-peer transfer, one of the segments analyzed in the report, is projected to record 36.4% CAGR and reach US$1.6 Trillion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the M-commerce segment is readjusted to a revised 39.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $722.1 Billion, While China is Forecast to Grow at 36.9% CAGR
The Remote Mobile Payments market in the U.S. is estimated at US$722.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.8 Trillion by the year 2027 trailing a CAGR of 36.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 35.9% and 33% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 26.4% CAGR.We bring years of research experience to this 8th edition of our report. The 178-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others,