Mobile Money Market 2019 Research - APAC and NA are Expected to Increased Market Traction During the Forecast Period

DALLAS, March 26, 2015 /PRNewswire/ --

The global mobile money market is expected to grow from $12.34 billion in 2014 to $78.02 billion by 2019, at a Compound Annual Growth Rate (CAGR) of 44.6% during the forecast period from 2014 to 2019 - New Research Available at RnRMarketResearch.com.

The widespread technological advancements in mobile devices have significantly transformed the communication methods and work patterns of the people worldwide. With the mobile devices becoming multi-functional, people have increasingly embraced various technologies and applications that quicken the accomplishment of their tasks. One of the most evident among these is access to financial services over the mobile phone. In the recent years, the progressions in banking and financial services have led to the expansive considerations of mobile-based money transfers and monetary transactions. Thus, mobile money has been instrumental in revolutionizing the usage of mobile phones. Complete report on Mobile Money Market by Transaction Mode, Nature of Payment, Location, Type of Purchase, & by Industry (BFSI, Telecom & IT, Media & Entertainment, Healthcare, Retail, Travel & Hospitality, Transportation & Logistics, Others) - Global Forecast to 2019 available at http://www.rnrmarketresearch.com/mobile-money-mobile-payments-mobile-remittance-mobile-banking-mobile-commerce-market-advanced-technologies-value-chain-worldwide-market-forecasts-analysis-2013-2018-market-report.html

Mobile money has helped the users to conveniently enable secured mobile payments and transfers over their mobile phone. In addition, this mobile money service has also helped theses users send and receive remittances, pay bills, make airtime transfers, receive and send money to near and remote locations, and enable movie or travel ticket purchases, among various others. Further, the simplicity, flexibility, convenience, and security provided by the mobile money services and mobile wallets over the traditional money payment and transfer techniques, are encouraging the users to consider mobile money services. Thus, these benefits of mobile money services have comprehensively enhanced the perspectives of the users with regards to mobile money transactions and payments.

Middle East and Africa, Asia-Pacific, and North America have the highest adoption and usage mobile money market. The regions of Europe and Latin America are gradually considering these mobile money services, and in turn offer a lot of opportunities for the vendors in the mobile money market.

The key companies in mobile money market are Vodafone Group PLC, Gemalto, FIS, Google Inc, Mastercard Incorporated, Bharti Airtel Limited, Orange S.A, Monitise PLC, Mahindra Comviva and Paypal (Ebay, Inc.) Order a copy of this report at http://www.rnrmarketresearch.com/contacts/purchase?rname=73470

Further, the adoption of mobile money services is encouraged due to surfacing of mandate standards related to mobile money transfers and payments that need to be adhered with, by the payment agents, financial institutions, and MNOs. These regulations that have to be followed include Anti-Money Laundering (AML)/Combating Financing of Terrorism, Know Your Customer (KYC), and standards of the GSMA Association among various others. This compliance facilitates secured data, and money access and transfer across mobile devices. Hence, the surfacing of these secured mobile solutions further adds to the demand of mobile money across the globe.

With the rising acknowledgements to mobile-based payments and transactions, the mobile money service is fast gaining momentum in the market. This has in turn benefited the mobile money service providers which include Mobile Network Operators (MNOs), financial institutes such as banks, payment platform providers, and payment agents to leverage and expand their provisions in this market. Considering this, the mobile money services have also been chiefly accountable for increasing the average revenues for these stakeholders in the mobile money ecosystem. Further, the increasing realization in the underlying potentials of mobile money services has also led to the advancement and broad considerations by various industrial verticals to enable the users to make mobile-based payments and transfers. Thus, these augmentations have also fostered the rise in the mobile money services market. Priced at $4650 for a single user PDF, a discount on this research report can be requested at http://www.rnrmarketresearch.com/contacts/discount?rname=73470

Over the years, a manifestation of the mobile devices among the users and the indispensable requirement to have ubiquitous access to financial solutions are some of the prominent factors driving the adoption mobile money services. On the other hand, prevailing data security apprehensions and lack of awareness related to mobile money services are the restraining factors hindering the growth of the mobile money market. Considering this, the report further helps to identify the latest patterns and trends intensifying the progression in the mobile money market across all regions.

Related Market Reports: 

"Hybrid Cloud Market by Solution (Consulting, Cloud Integration, Cloud Management, Cloud Security, and Networking), by Service Model (IAAS, PAAS, and SAAS), by Region (NA, Europe, APAC, MEA, and LA) - Global Forecast to 2019" research report is now available with RnRMarketResearch.com. Companies like Amazon Web Services Inc, CISCO Systems Inc, Citrix Systems, Equinix Inc, Hewlett-Packard Company, International Business Machines Corporation, Microsoft Corporation, Rackspace Hosting Inc, Rightscale Inc and Vmware Inc are discussed in this research available at http://www.rnrmarketresearch.com/hybrid-cloud-market-by-delivery-models-saas-paas-iaas-by-cloud-management-cloud-bursting-cloud-orchestration-by-cloud-security-network-security-data-security-physical-security-global-adv-market-report.html

"Critical Infrastructure Protection Market by Security Technology (Network, Physical, RADARS, CBRNE, Vehicle Identification, Secure Communication, SCADA, Building Management), by Service, by Vertical & by Region - Global Forecast to 2019" research report is now available with RnRMarketResearch.com. Companies like BAE Systems, General Dynamics, Honeywell International Inc, Lockheed Martin, EMC Corporation, Raytheon, Airbus, Integraph Corporation, Waterfall Security Solutions and MCAFEE Inc are discussed in this research available at http://www.rnrmarketresearch.com/critical-infrastructure-protection-cip-market-network-security-physical-security-cip-radars-cbrne-detection-vehicle-identification-secure-communication-scada-security-building-management-g-market-report.html

Explore more Information Technology & Telecommunication Market Research Reports at http://www.rnrmarketresearch.com/reports/information-technology-telecommunication/

About Us:  

RnRMarketResearch.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 100+ leading global publishers & in-depth market research studies of over 5000 micro markets. With comprehensive information about the publishers and the industries for which they publish market research reports, we help you in your purchase decision by mapping your information needs with our huge collection of reports.

Contact:    

Siju K. 
TX, Dallas North - Dominion Plaza,
17304, Preston Road,
Suite 800, Dallas 75252
Tel: +1-888-391-5441
[email protected]

SOURCE RnR Market Research

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED