[February 09, 2012] |
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Global Mobile Payment Market Revenues to Rise to $998.5 Billion in 2016, a CAGR of 83.7%, According to New Research Report by IE Market Research Corporation
VANCOUVER, British Columbia --(Business Wire)--
IE Market Research Corporation (IEMR), the Canadian-based provider of
market intelligence services, announced today the release of its 4Q.2011
Global Mobile Payment Market Forecast 2010 - 2016. IEMR's forecast
provides our quarterly historical results and annual forecasts of mobile
payment users; mobile payment transactions by technology (such as NFC,
SMS, WAP, USSD); and mobile payment transactions by type of purchase
(such as merchandise, digital products, ticketing, mobile money
transfers, bill payments, and pre-paid top-ups). The report is based on
IEMR's Global Consumer Telecommunications Survey - which covers 50,000
mobile users in 50 markets globally - and is the most extensive
country-specific forecasts of its kind.
More and more telecom operators, banks and retailers are teaming up to
offer mobile payment solutions around the world, and the global mobile
payment market is growing rapidl. "Globally, we are expecting mobile
payment revenue to rise from $47.2 billion in 2011 to $998.5 billion in
2016. Compound Annual Growth Rate (CAGR) from 2012 to 2016 will be
83.7%," said Nizar Assanie, Vice President (Research) at IEMR. "Among
different categories of mobile payment, we expect that digital purchases
will be the largest category with its revenues increasing from $9.8
billion in 2011 to $250.9 billion in 2016."
M-commerce and mobile contactless transactions are poised to promote
'less-cash' societies all over the world. Mr. Assanie said, "Our usage
surveys show that North American and Western European markets in
particular are geared up for the beginning stages of a full-fledged
adoption of the digital wallet."
To purchase this report, visit our website at:
http://www.iemarketresearch.com/Members/Reports/4Q-2011-Global-Mobile-Payment-Market-Forecast-2010--2016-Global-mobile-payments-users-to-hit-1-billion-in-2016-with-998-5-billion-in-transaction-value-RID3130-1.aspx
Clients who subscribe to IEMR's research services can have access to
this and thousands of other IEMR reports for only $199 per month per
seat.
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