SOURCE: In-Stat

In-Stat

March 15, 2011 00:30 ET

Mobile Payment Users to Surpass 375 Million by 2015, Says In-Stat

SCOTTSDALE, AZ--(Marketwire - March 15, 2011) -  Mobile payments are an emerging opportunity to make payment from or with a mobile handset. While a success in certain countries and with fringe audiences already, mobile payments have not yet achieved success on a global scale. However, it is anticipated that this will begin to change in 2011 as the number of mobile payment users starts a significant run up from 116 million to over 375 million in 2015, says In-Stat (www.in-stat.com).

"There appears to be consumer demand for mobile payments," says Amy Cravens, Market Analyst. "Consumers do recognize pain points with current payment systems and indicate support for a cleaner, easier alternative. If mobile operators are able to push beyond the infrastructural challenges and introduce these services to the mass market, the transactional value of the mobile payments market is positioned to grow nearly tenfold over the next several years."

Recent research findings identify the market's preparedness including:

  • Significant smartphone penetration.
  • Consumer comfort level with purchasing goods with their phone through existing channels.
  • A desire among mobile operators to develop opportunities to generate revenue from mobile based commerce.
  • Infrastructural developments supporting contactless payments, including NFC-enabled mobile phones and Point of Sale (POS) terminals.

New In-Stat research Mobile Payments: Is the Market Ready? (#IN1105000SI) examines the mobile payment market structure, outlining the various elements in this multifaceted market. Discussion will include mobile payment types as well as the relationships comprised in this complex ecosystem.

The report also includes:

  • Market player profiles including: Bling Nation, Boku, Clairmail, Isis, mFoundry, and Obopay
  • Forecasts for the mobile payments market through 2015
  • Forecasts of anticipated usage and transaction volume
  • Detailed examination of the NFC market
  • All forecasts extend through 2015 and are segmented by geographic regions

For a free sample of the report and more information contact Elaine Potter, epotter@in-stat.com; (480) 483-4441.

This research is part of In-Stat's Mobile Technologies service, which provides analysis of the market for technologies, IP and semiconductors that enable next generation mobile devices, including processors, graphics, modems, GPS, displays, memory, storage, operating systems, software, and human interfaces.

About In-Stat

In-Stat's market intelligence combines technical, market and end-user research and database models to analyze the Mobile Internet and Digital Entertainment ecosystems. Our insights are derived from a deep understanding of technology impacts, nearly 30 years of history in research and consulting, and direct relationships with leading players in each of our core markets. In-Stat provides its research through reports, annual subscriptions, consulting and advisory services to inform critical decisions. Technology vendors, equipment manufacturers, service providers and media companies worldwide rely on In-Stat to support critical business, product and technology decisions.

Contact Information

  • Contact:

    Amy Cravens
    Market Analyst
    Email: Email Contact
    Phone: (480) 483-4451

    Rick Vogelei
    Marketing Manager
    Email: Email Contact
    Phone: (480) 483-4476