Skip to main content

Mobile Payment Users will Reach 375M by 2015

Mobile payment transactions are an emerging opportunity to make purchases while using a mobile handset. While it's already a success in the leading countries and with advanced users, mobile payments have not yet achieved success on a global scale.

However, according to the latest market study by In-Stat, it is anticipated that this situation will begin to change in 2011 as the number of mobile payment users starts a significant upswing -- from 116 million this year to over 375 million in 2015.

"There appears to be consumer demand for mobile payments," says Amy Cravens, Market Analyst at In-Stat.

People surveyed already recognize the pain points with some current payment systems and indicate support for a cleaner, easier alternative. Moreover, mobile devices with built-in near field communications (NFC) capabilities will create the potential for new applications.

If mobile operators are able to push beyond the infrastructural challenges, and introduce these services to the mass market, then the transactional value of the mobile payments market is positioned to grow nearly tenfold over the next several years.

In-Stat's recent market study findings including:

- Significant smartphone penetration, globally.

- Consumer comfort level with purchasing goods via their phone through existing channels.

- A desire among mobile network operators to develop opportunities to generate revenue from mobile based commerce.

- Infrastructural developments are supporting contact-less payments, including NFC-enabled mobile phones and point of sale (POS) terminals.

Popular posts from this blog

Why Healthcare and Smart City Apps Drive 5G IoT

Fifth-generation (5G) wireless technology for cellular networks is a successor to fourth-generation (4G) wireless technology. By 2023, Juniper Research anticipates that there will be over 1 billion 5G connections globally. The technology will provide the data infrastructure for the advancement of wireless communications and for new developments in the Internet of Things (IoT) -- including smart cities and healthcare. 5G IoT Market Development According to the latest worldwide market study by Juniper Research, 5G IoT connections will reach 116 million globally by 2026 -- that's increasing from just 17 million connections in 2023. Juniper analysts predict that the healthcare sector applications and government or other smart city services will drive this outstanding 1,100 percent growth over the next three years. Juniper examined 5G adoption across key industry sectors -- such as the automotive, mobile broadband, and smart homes -- and forecasts healthcare and smart cities will accoun

How Savvy Leaders Re-Imagine Work in 2023

As we look to the year ahead, there will be significant challenges and opportunities facing the Chief Human Resource Officer (CHRO) role. In order to be successful, savvy HR leaders must be prepared to take proactive steps that adapt and evolve. "HR leaders have faced an increasingly unpredictable environment amid many organizations mandating a return to office, permanently higher turnover and burnt out employees," said Emily Rose McRae, senior director at Gartner . HR Innovation Market Development One of Gartner's key predictions for 2023 is that the use of artificial intelligence (AI) and automation will continue to increase within the enlightened digital workplace. This transition will require HR leaders to develop new skills and competencies in order to effectively manage and lead teams that are increasingly relying on these enabling technologies. Additionally, HR leaders will need to ensure that their organizations are investing in the necessary infrastructure and re

Secure Microcontroller Market to Reach $2.2 Billion

In spite of the volatile global semiconductor industry being plagued by ongoing macroeconomic and political disruption issues, the secure microcontroller (MCU) market should continue to prosper. While the forecasted total available market has contracted -- especially in the smart home, retail, advertising, and supply chain spaces -- secure MCU shipments will likely be temporarily affected.  According to the latest worldwide market study by ABI Research, the secure microcontrollers market will grow to reach $2.2 billion by 2026. Secure Microcontroller Market Development "In part, this is due to the niche nature of security demand which commands a higher value proposition," says Michela Menting, research director at ABI Research . In the short term, potential supply chain issues due to trade embargoes and global COVID-19 pandemic quarantines at manufacturing sites will affect availability. Yet, demand for security, especially in general purpose microcontrollers, will ensure the