Global Mobile Payment Market Size & Outlook, 2023-2030
Global mobile payment market, 2017-2030 (US$M)
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Global mobile payment market highlights
- The global mobile payment market generated a revenue of USD 67,508.1 million in 2023 and is expected to reach USD 587,515.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 36.2% by 2030.
- In terms of segment, mobile web payment accounted for a revenue of USD 16,074.3 million in 2023.
- Near Field Communication is the most lucrative technology segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 67,508.1 million |
| Market revenue in 2030 | USD 587,515.6 million |
| Growth rate | 36.2% (CAGR from 2023 to 2030) |
| Largest segment | Mobile web payment |
| Fastest growing segment | Near Field Communication |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Near Field Communication, Direct Mobile Billing, Mobile Web Payment, SMS, Interactive Voice Response System, Mobile App |
Other key industry trends
- In terms of revenue, the North America accounted for 26.2% of the global mobile payment market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 117,206.8 million by 2030.
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Mobile Payment Market Scope
Mobile Payment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global mobile payment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to mobile payment market will help companies and investors design strategic landscapes.
Mobile web payment was the largest segment with a revenue share of 23.81% in 2023. Horizon Databook has segmented the Global mobile payment market based on near field communication, direct mobile billing, mobile web payment, sms, interactive voice response system, mobile app covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Mobile Payment Technology Outlook (Revenue, USD Million, 2017-2030)
- Near Field Communication
- Direct Mobile Billing
- Mobile Web Payment
- SMS
- Interactive Voice Response System
- Mobile App
- Others
- Global Mobile Payment Payment Type Outlook (Revenue, USD Million, 2017-2030)
- B2B
- B2C
- B2G
- Others
- Global Mobile Payment Location Outlook (Revenue, USD Million, 2017-2030)
- Remote Payment
- Proximity Payment
- Global Mobile Payment End Use Outlook (Revenue, USD Million, 2017-2030)
- BFSI
- Healthcare
- IT & Telecom
- Media & Entertainment
- Retail & E-commerce
- Transportation
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global mobile payment market , including forecasts for subscribers. This global databook contains high-level insights into Global mobile payment market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global mobile payment market size, by regions, 2017-2030 (US$M)
Top 10 countries: Mobile payment market size, 2023 (US$M)
Global mobile payment market share, by technology, 2023 & 2030 (%, US$M)
Mobile payment market: Opportunity assessment by country
Global mobile payment market, by region, 2023 (US$M)
| Technology | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 4,577.5 | 5,520.0 | 6,730.0 | 8,473.4 | 10,819.0 | 13,803.2 | 17,700.8 | 23,014.9 | 30,312.6 | 40,438.2 | 54,756.4 | 74,969.8 | 103,757.7 | 145,270.5 | 35.1% |
| Europe | 3,916.4 | 4,748.2 | 5,820.3 | 7,367.7 | 9,458.0 | 12,131.9 | 15,641.6 | 20,447.4 | 27,076.4 | 36,316.1 | 49,440.3 | 68,056.8 | 94,742.8 | 133,406.9 | 35.8% |
| Asia Pacific | 5,605.0 | 6,861.2 | 8,491.5 | 10,852.7 | 14,066.2 | 18,217.0 | 23,713.7 | 31,298.7 | 41,845.5 | 56,666.7 | 77,889.7 | 108,253.3 | 152,113.8 | 216,218.9 | 37.1% |
| Latin America | 1,247.2 | 1,522.0 | 1,877.7 | 2,392.3 | 3,091.0 | 3,990.6 | 5,178.4 | 6,813.3 | 9,080.7 | 12,258.5 | 16,796.9 | 23,271.6 | 32,605.8 | 46,208.9 | 36.7% |
| MEA | 1,268.1 | 1,549.8 | 1,914.0 | 2,439.7 | 3,152.3 | 4,067.8 | 5,273.6 | 6,928.7 | 9,216.9 | 12,412.9 | 16,960.3 | 23,420.6 | 32,808.5 | 46,410.4 | 36.4% |
| Overall | 16,614.2 | 20,201.2 | 24,833.4 | 31,525.9 | 40,586.5 | 52,210.5 | 67,508.1 | 88,503.1 | 117,532.1 | 158,092.4 | 215,843.6 | 297,972.1 | 416,028.6 | 587,515.6 | 36.2% |
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