Near Field Communications Handsets and Tags, NFC Pilots and Projects

Report: US mobile payments market to reach $56 billion in 2015

Monday, August 30, 2010

MarketsandMarkets has released a new report predicting that the value of mobile payment transactions in the US will reach $56 billion in 2015.

According to the report, “Mobile Payment - Advanced Technologies (NFC), Strategies And Future Of Remote & Proximity Payment In US,” the market for NFC mobile payment in the US is currently in its infancy, with an adoption rate of only 1.7%.

However, as NFC technology becomes more available, the report predicts the market will grow at a Compound Annual Growth Rate (CAGR) of 49.19 percent over the next 5 years, leaping from a $5.2 billion a year industry to $56.7 billion.

According to the report, by 2015 the US will make up 10.6% of the global mobile payment transaction market.

Topics covered in the report include: Market Structure, Segmentation of U.S. Payments Market By Type And Size, Opportunity For Nfc Based Payments - Huge Cash Transactions, Mobile Payments - Market Estimate, Winning Imperatives For Deploying NFC Mobile Payments, Value Proposition Of Nfc Mobile Payments, NFC Is The Future Of Mobile Payments, Future Outlook Of Mobile Payments Market, Case Studies and Vendor Analysis.

Read more here. [end] 

Related Articles
Swedish operators team up for mobile wallet

Swedish mobile operators Telia, Tele2, Telenor and 3 have formed a joint venture to offer a unified mobile wallet service. Operating under the name “4T,” the partners plan to deliver a mobile payments service that can be used on all handsets regardless of the cellular network.

read more »
Visa Europe expectes big year for contactless, NFC

Visa Europe is anticipating a big year for contactless and NFC payments, with issuance projected to leap from 30 million in 2011 to 50 million in 2012.

read more »
Auriemma launches new Mobile Payments Report

The Auriemma Consulting Group (ACG) has announced the launch of its new Mobile Payments Report, a market research service that examines the mobile phone as a payments device, financial managing tool, marketing channel and as a method of engaging with consumers.

read more »
Report: NFC market to pass $10 billion by 2016

MarketsandMarkets has published a new report predicting that the NFC market will reach over $10 billion by 2016 at a compound annual growth rate (CAGR) of 38% from 2011 to 2016.

read more »

Comments
Be first to comment...
Comment on this article

Your full name and URL will be displayed with your comment.

Your email is not shown or shared, and is used only for your Gravatar image.




characters left.
Copyright © 2012, AVISIAN, Inc. All rights reserved.