GCC Mobile Payment Market Growth Analysis, Future Demand and Business Opportunities 2020-2025

According to IMARC Group latest report titled “GCC Mobile Payment Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, offers a comprehensive analysis of the industry, which comprises insights on GCC Mobile Payment market. The report also includes competitor and regional analysis, and contemporary advancements in the market. The market is currently witnessing strong growth. The GCC Mobile Payment market to exhibit moderate growth during the next five years. Also known as e-payment, mobile payment is rapidly becoming one of the most popular methods of exchanging money in the GCC region. It relies on a smartphone, internet connection and an associated bank account to initiate, authorize and confirm payments. As compared to conventional payment methods, it is convenient and offers improved security features.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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Market Trends:

At present, there is a significant rise in the adoption of contactless payment services across the GCC region on account of the ongoing coronavirus disease (COVID-19) pandemic. This, in confluence with collaborations among numerous companies and financial institutions for transferring salary to their employees using mobile payment solutions, represents one of the significant factors fueling the growth of the market in the region. Apart from this, due to the increasing number of expatriate workers, the demand for mobile payment is growing as it minimizes the time and costs incurred for conducting cross-border payments. This is anticipated to bolster the growth of the market in the coming years.

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GCC Mobile Payment Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the GCC mobile payment market report, along with forecasts for growth at the region level from 2020-2025. Our report has categorized the market based on region, mode of transaction and application.

Market Breakup by Mode of Transaction:

  • WAP
  • NFC
  • SMS
  • USSD
  • Others

Market Breakup by Application:

  • Entertainment
  • Energy and Utilities
  • Healthcare
  • Retail
  • Hospitality and Transportation
  • Others

Market Breakup by Country:

  • Saudi Arabia
  • UAE
  • Qatar
  • Oman
  • Kuwait
  • Bahrain

Key highlights of the report:

  • Market Performance
  • Market Outlook
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

We are updating our research report 2021-2026. If you want to need latest primary and secondary data with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report. We deliver report with-in 24 hours.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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