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The Europe mobile payment market size reached US$ 337 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,317 Billion by 2027, exhibiting a CAGR of 25.37% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Also known as e-payment, mobile payment is conducted using a smartphone, internet facility and payment instruments, such as a bank account, debit or credit card, gift cards and mobile wallet. It is facilitated by the availability of point-of-sale (POS) terminals that process transactions using nearfield communications. It is secure, convenient and easy-to-use as compared to its conventional counterparts. At present, significant utilization of the internet and the increasing number of tech-savvy consumers are fueling the demand for mobile payment services in Europe.
The thriving e-commerce sector represents one of the key factors bolstering the growth of the mobile payment market in Europe. Moreover, small and medium-sized enterprises (SMEs) are increasingly offering mobile payment solutions to track consumer buying behavior, which, in turn, is strengthening the market growth. Apart from this, market players are using tokenization in combination with biometric identification features to provide a more secure experience. Furthermore, the utilization of mobile payment is rising on account of the coronavirus disease (COVID-19) outbreak and the escalating demand for contactless payment methods.
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe mobile payment market report, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on mode of transaction and application.
Breakup by Mode of Transaction:
Breakup by Application:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2021|
|Segment Coverage||Mode of Transaction, Application, Country|
|Countries Covered||Germany, France, United Kingdom, Italy, Spain, Others|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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