The global Mobile Payments market size in 2022 is XX million US dollars, and it is expected to be XX million US dollars by 2029, with a compound annual growth rate of 20.49% expected in 2023-2029.
MARKET COMPETITIVE LANDSCAPE:
The main players in the Mobile Payments market include Alphabet Inc., Amazon.com Inc., American Express Co., Ant Technology Group Co. Ltd., and Apple Inc.. The share of the top 3 players in the Mobile Payments market is XX%.
REGION SHARE:
The report covers the market size information of North America, Europe, Asia Pacific, Latin America, Middle East and Africa, and North America accounted for XX%, Europe accounted for XX% of Mobile Payments market, and Asia Pacific accounted for 43.00%.
SEGMENT OVERVIEW:
The report segments the market by Type and Application. Remote payment accounted for XX% of Mobile Payments market in 2022. Proximity payment share of XX%.
Money transfers accounted for XX% of the Mobile Payments market in 2022. Merchandise purchases accounts for XX%.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Mobile Payments Market dynamics, structure by identifying and analyzing the market segments and project the global market size.
In addition, the market SWOT analysis, dynamics, trends, technologies, opportunities and challenges analysis are covered in the report.
Further, the report also focuses on the competitive analysis of key players by product, financial position, product portfolio, growth strategies, and regional presence.
Consumer needs and trends have always been important drivers of the consumer goods industry. Today's consumers pay more attention to product quality, health, environmental protection and other aspects. For example, plant-based products, gluten-free foods, organic cosmetics, etc. are receiving more and more attention. In addition, with the popularization of 5G technology, products such as smart home and smart wearables will also have broader market prospects.
Some notable trends:
E-commerce Expansion: The growth of online shopping continues to reshape the consumer goods industry. More consumers are embracing the convenience and accessibility of e-commerce platforms, leading to a surge in online sales. Companies are investing heavily in their online presence, optimizing websites for mobile devices, and enhancing the overall customer experience through personalized recommendations and fast delivery options.
Direct-to-Consumer (D2C) Brands: D2C brands have gained significant traction in recent years. These companies bypass traditional retail channels and sell directly to consumers through their websites or specialized online platforms. D2C brands often focus on niche markets, offering unique and innovative products, and leveraging social media marketing to build strong customer relationships.
Rise of Subscription Services: Subscription-based models are on the rise, particularly in industries like beauty, fashion, and food. These services provide consumers with a regular supply of products delivered to their doorstep, offering convenience and the element of surprise. Companies are leveraging subscriptions to build customer loyalty, gather data, and create recurring revenue streams.
Key Regions Covered in This Report Are
North America
United States
Canada
China
Asia Pacific (Excluding China)
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Nordic
Latin America
Brazil
Argentina
Mexico
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
Some of the major players operating in the global market include:
Alphabet Inc.
Amazon.com Inc.
American Express Co.
Ant Technology Group Co. Ltd.
Apple Inc.
JPMorgan Chase and Co.
Mastercard Inc.
MoneyGram International Inc.
NASPERS Ltd.
One97 Communications Ltd.
PayPal Holdings Inc.
Samsung Electronics Co. Ltd.
Tencent Holdings Ltd.
Visa Inc.
Vodafone Group Plc
Alibaba Group Holding Ltd
Segment by Type
Remote payment
Proximity payment
Segment by Application
Money transfers
Merchandise purchases
Bill payments
Others
Table of Content
1 Mobile Payments Market Introduction and Overview
1.1 Mobile Payments Definition
1.2 Market Size Analysis by Types
1.3 Market Size Analysis by Application
1.4 Research Purposes
1.5 Report Timeline
1.6 Economic Analysis of Global Regions
2 Players Profiles
2.1 Alphabet Inc.
2.1.1 Alphabet Inc. Company Profile
2.1.2 Mobile Payments Product Overview
2.1.3 Alphabet Inc. Mobile Payments Market Performance (2018-2023)
2.1.4 Alphabet Inc. Business Overview
2.2 Amazon.com Inc.
2.2.1 Amazon.com Inc. Company Profile
2.2.2 Mobile Payments Product Overview
2.2.3 Amazon.com Inc. Mobile Payments Market Performance (2018-2023)
2.2.4 Amazon.com Inc. Business Overview
2.3 American Express Co.
2.3.1 American Express Co. Company Profile
2.3.2 Mobile Payments Product Overview
2.3.3 American Express Co. Mobile Payments Market Performance (2018-2023)
2.3.4 American Express Co. Business Overview
2.4 Ant Technology Group Co. Ltd.
2.4.1 Ant Technology Group Co. Ltd. Company Profile
2.4.2 Mobile Payments Product Overview
2.4.3 Ant Technology Group Co. Ltd. Mobile Payments Market Performance (2018-2023)
2.4.4 Ant Technology Group Co. Ltd. Business Overview
2.5 Apple Inc.
2.5.1 Apple Inc. Company Profile
2.5.2 Mobile Payments Product Overview
2.5.3 Apple Inc. Mobile Payments Market Performance (2018-2023)
2.5.4 Apple Inc. Business Overview
2.6 JPMorgan Chase and Co.
2.6.1 JPMorgan Chase and Co. Company Profile
2.6.2 Mobile Payments Product Overview
2.6.3 JPMorgan Chase and Co. Mobile Payments Market Performance (2018-2023)
2.6.4 JPMorgan Chase and Co. Business Overview
2.7 Mastercard Inc.
2.7.1 Mastercard Inc. Company Profile
2.7.2 Mobile Payments Product Overview
2.7.3 Mastercard Inc. Mobile Payments Market Performance (2018-2023)
2.7.4 Mastercard Inc. Business Overview
2.8 MoneyGram International Inc.
2.8.1 MoneyGram International Inc. Company Profile
2.8.2 Mobile Payments Product Overview
2.8.3 MoneyGram International Inc. Mobile Payments Market Performance (2018-2023)
2.8.4 MoneyGram International Inc. Business Overview
2.9 NASPERS Ltd.
2.9.1 NASPERS Ltd. Company Profile
2.9.2 Mobile Payments Product Overview
2.9.3 NASPERS Ltd. Mobile Payments Market Performance (2018-2023)
2.9.4 NASPERS Ltd. Business Overview
2.10 One97 Communications Ltd.
2.10.1 One97 Communications Ltd. Company Profile
2.10.2 Mobile Payments Product Overview
2.10.3 One97 Communications Ltd. Mobile Payments Market Performance (2018-2023)
2.10.4 One97 Communications Ltd. Business Overview
2.11 PayPal Holdings Inc.
2.11.1 PayPal Holdings Inc. Company Profile
2.11.2 Mobile Payments Product Overview
2.11.3 PayPal Holdings Inc. Mobile Payments Market Performance (2018-2023)
2.11.4 PayPal Holdings Inc. Business Overview
2.12 Samsung Electronics Co. Ltd.
2.12.1 Samsung Electronics Co. Ltd. Company Profile
2.12.2 Mobile Payments Product Overview
2.12.3 Samsung Electronics Co. Ltd. Mobile Payments Market Performance (2018-2023)
2.12.4 Samsung Electronics Co. Ltd. Business Overview
2.13 Tencent Holdings Ltd.
2.13.1 Tencent Holdings Ltd. Company Profile
2.13.2 Mobile Payments Product Overview
2.13.3 Tencent Holdings Ltd. Mobile Payments Market Performance (2018-2023)
2.13.4 Tencent Holdings Ltd. Business Overview
2.14 Visa Inc.
2.14.1 Visa Inc. Company Profile
2.14.2 Mobile Payments Product Overview
2.14.3 Visa Inc. Mobile Payments Market Performance (2018-2023)
2.14.4 Visa Inc. Business Overview
2.15 Vodafone Group Plc
2.15.1 Vodafone Group Plc Company Profile
2.15.2 Mobile Payments Product Overview
2.15.3 Vodafone Group Plc Mobile Payments Market Performance (2018-2023)
2.15.4 Vodafone Group Plc Business Overview
2.16 Alibaba Group Holding Ltd
2.16.1 Alibaba Group Holding Ltd Company Profile
2.16.2 Mobile Payments Product Overview
2.16.3 Alibaba Group Holding Ltd Mobile Payments Market Performance (2018-2023)
2.16.4 Alibaba Group Holding Ltd Business Overview
3 Global Mobile Payments Historical and Forecast Market Analysis by Type
3.1 Global Mobile Payments Revenue and Market Share by Type
3.2 Global Mobile Payments Revenue Market Forecast by Type (2023-2029)
4 Global Mobile Payments Historical and Forecast Market Analysis by Application
4.1 Global Mobile Payments Revenue Market Share by Application (2018-2023)
4.2 Mobile Payments Revenue Market Forecast by Application (2023-2029)
5 Global Market Growth Trends Analysis
5.1 Global Mobile Payments Market Size & Forecast (2018-2029)
5.2 Mobile Payments Growth Trends Analysis by Regions
5.2.1 Mobile Payments Market Size by Regions: 2018 VS 2023 VS 2029
5.2.2 Mobile Payments Historic Market Size by Regions (2018-2023)
5.2.3 Mobile Payments Forecasted Market Size by Regions (2023-2029)
5.2.4 North America Mobile Payments Market Size & Forecast (2018-2029)
5.2.5 Europe Mobile Payments Market Size & Forecast (2018-2029)
5.2.6 China Mobile Payments Market Size & Forecast (2018-2029)
5.2.7 Asia-Pacific (Excluding China) Mobile Payments Market Size & Forecast (2018-2029)
5.2.8 Latin America Mobile Payments Market Size & Forecast (2018-2029)
5.2.9 Middle East & Africa Mobile Payments Market Size & Forecast (2018-2029)
6 North America
6.1 North America Mobile Payments Revenue by Players
6.2 North America Mobile Payments Revenue by Types
6.3 North America Mobile Payments Revenue by Applications
6.4 North America Mobile Payments Market by Countries
6.4.1 North America Mobile Payments Revenue by Countries (2018-2029)
6.5 United States
6.6 Canada
7 China
7.1 China Mobile Payments Revenue by Players
7.2 China Mobile Payments Revenue by Types
7.3 China Mobile Payments Revenue by Applications
7.4 China
8 Asia Pacific (Excluding China)
8.1 Asia Pacific Mobile Payments Revenue by Players
8.2 Asia Pacific Mobile Payments Revenue by Types
8.3 Asia Pacific Mobile Payments Revenue by Applications
8.4 Asia Pacific Mobile Payments Market by Countries
8.4.1 Asia Pacific Mobile Payments Revenue by Countries (2018-2029)
8.5 Japan
8.6 Korea
8.7 Southeast Asia
8.8 India
8.9 Australia
9 Europe
9.1 Europe Mobile Payments Revenue by Players
9.2 Europe Mobile Payments Revenue by Types
9.3 Europe Mobile Payments Revenue by Applications
9.4 Europe Mobile Payments Market by Countries
9.4.1 Europe Mobile Payments Revenue by Countries (2018-2029)
9.5 Germany
9.6 France
9.7 UK
9.8 Italy
9.9 Russia
9.10 Nordic
10 Latin America
10.1 Latin America Mobile Payments Revenue by Players
10.2 Latin America Mobile Payments Revenue by Types
10.3 Latin America Mobile Payments Revenue by Applications
10.4 Latin America Mobile Payments Market by Countries
10.4.1 Latin America Mobile Payments Revenue by Countries (2018-2029)
10.5 Brazil
10.6 Argentina
10.7 Mexico
11 Middle East & Africa
11.1 Middle East & Africa Mobile Payments Revenue by Players
11.2 Middle East & Africa Mobile Payments Revenue by Types
11.3 Middle East & Africa Mobile Payments Revenue by Applications
11.4 Middle East & Africa Mobile Payments Market by Countries
11.4.1 Middle East & Africa Mobile Payments Revenue by Countries (2018-2029)
11.5 Egypt
11.6 South Africa
11.7 Israel
11.8 Turkey
11.9 GCC Countries
12 Mobile Payments Industry Dynamic Analysis
12.1 Mobile Payments Market Trends Analysis
12.2 Mobile Payments Market Drivers Analysis
12.3 Mobile Payments Market Challenges Analysis
12.4 Mobile Payments Market Restraints Analysis
12.5 Mobile Payments Industry Mergers & Acquisitions
12.6 Mobile Payments Industry New Entrants and Expansion Plans
13 Research Findings and Conclusion
List of Tables and Figures
Figure Mobile Payments Picture
Table Product Definition of Mobile Payments
Table Global Mobile Payments Market Size by Type (2023 VS 2029)
Table Global Mobile Payments Market Size by Application (2023 VS 2029)
Table Alphabet Inc. Profile
Table Product Overview
Table Alphabet Inc. Mobile Payments Revenue, Gross and Gross Margin (2018-2023)
Figure Alphabet Inc. Revenue and Growth Rate
Figure Alphabet Inc. Revenue Market Share 2017-2022
Table Business Overview
Table Amazon.com Inc. Profile
Table Product Overview
Table Amazon.com Inc. Mobile Payments Revenue, Gross and Gross Margin (2018-2023)
Figure Amazon.com Inc. Revenue and Growth Rate
Figure Amazon.com Inc. Revenue Market Share 2017-2022
Table Business Overview
Table American Express Co. Profile
Table Product Overview
Table American Express Co. Mobile Payments Revenue, Gross and Gross Margin (2018-2023)
Figure American Express Co. Revenue and Growth Rate
Figure American Express Co. Revenue Market Share 2017-2022
Table Business Overview
Table Ant Technology Group Co. Ltd. Profile
Table Product Overview
Table Ant Technology Group Co. Ltd. Mobile Payments Revenue, Gross and Gross Margin (2018-2023)
Figure Ant Technology Group Co. Ltd. Revenue and Growth Rate
Figure Ant Technology Group Co. Ltd. Revenue Market Share 2017-2022
Table Business Overview
Table Apple Inc. Profile
Table Product Overview
Table Apple Inc. Mobile Payments Revenue, Gross and Gross Margin (2018-2023)
Figure Apple Inc. Revenue and Growth Rate
Figure Apple Inc. Revenue Market Share 2017-2022
Table Business Overview
Table JPMorgan Chase and Co. Profile
Table Product Overview
Table JPMorgan Chase and Co. Mobile Payments Revenue, Gross and Gross Margin (2018-2023)
Figure JPMorgan Chase and Co. Revenue and Growth Rate
Figure JPMorgan Chase and Co. Revenue Market Share 2017-2022
Table Business Overview
Table Mastercard Inc. Profile
Table Product Overview
Table Mastercard Inc. Mobile Payments Revenue, Gross and Gross Margin (2018-2023)
Figure Mastercard Inc. Revenue and Growth Rate
Figure Mastercard Inc. Revenue Market Share 2017-2022
Table Business Overview
Table MoneyGram International Inc. Profile
Table Product Overview
Table MoneyGram International Inc. Mobile Payments Revenue, Gross and Gross Margin (2018-2023)
Figure MoneyGram International Inc. Revenue and Growth Rate
Figure MoneyGram International Inc. Revenue Market Share 2017-2022
Table Business Overview
Table NASPERS Ltd. Profile
Table Product Overview
Table NASPERS Ltd. Mobile Payments Revenue, Gross and Gross Margin (2018-2023)
Figure NASPERS Ltd. Revenue and Growth Rate
Figure NASPERS Ltd. Revenue Market Share 2017-2022
Table Business Overview
Table One97 Communications Ltd. Profile
Table Product Overview
Table One97 Communications Ltd. Mobile Payments Revenue, Gross and Gross Margin (2018-2023)
Figure One97 Communications Ltd. Revenue and Growth Rate
Figure One97 Communications Ltd. Revenue Market Share 2017-2022
Table Business Overview
Table PayPal Holdings Inc. Profile
Table Product Overview
Table PayPal Holdings Inc. Mobile Payments Revenue, Gross and Gross Margin (2018-2023)
Figure PayPal Holdings Inc. Revenue and Growth Rate
Figure PayPal Holdings Inc. Revenue Market Share 2017-2022
Table Business Overview
Table Samsung Electronics Co. Ltd. Profile
Table Product Overview
Table Samsung Electronics Co. Ltd. Mobile Payments Revenue, Gross and Gross Margin (2018-2023)
Figure Samsung Electronics Co. Ltd. Revenue and Growth Rate
Figure Samsung Electronics Co. Ltd. Revenue Market Share 2017-2022
Table Business Overview
Table Tencent Holdings Ltd. Profile
Table Product Overview
Table Tencent Holdings Ltd. Mobile Payments Revenue, Gross and Gross Margin (2018-2023)
Figure Tencent Holdings Ltd. Revenue and Growth Rate
Figure Tencent Holdings Ltd. Revenue Market Share 2017-2022
Table Business Overview
Table Visa Inc. Profile
Table Product Overview
Table Visa Inc. Mobile Payments Revenue, Gross and Gross Margin (2018-2023)
Figure Visa Inc. Revenue and Growth Rate
Figure Visa Inc. Revenue Market Share 2017-2022
Table Business Overview
Table Vodafone Group Plc Profile
Table Product Overview
Table Vodafone Group Plc Mobile Payments Revenue, Gross and Gross Margin (2018-2023)
Figure Vodafone Group Plc Revenue and Growth Rate
Figure Vodafone Group Plc Revenue Market Share 2017-2022
Table Business Overview
Table Alibaba Group Holding Ltd Profile
Table Product Overview
Table Alibaba Group Holding Ltd Mobile Payments Revenue, Gross and Gross Margin (2018-2023)
Figure Alibaba Group Holding Ltd Revenue and Growth Rate
Figure Alibaba Group Holding Ltd Revenue Market Share 2017-2022
Table Business Overview
Table Global Mobile Payments Revenue and Market Size by Type (2018-2023)
Table Global Mobile Payments Revenue and Market Share by Type (2018-2023)
Table Global Mobile Payments Revenue Market Size Forecast by Type (2023-2029)
Table Global Mobile Payments Revenue Market Share Forecast by Type (2023-2029)
Table Global Mobile Payments Revenue Market Size by Application (2018-2023)
Table Global Mobile Payments Revenue Market Share by Application (2018-2023)
Table Global Mobile Payments Revenue Market Size by Application (2023-2029)
Table Global Mobile Payments Revenue Market Share by Application (2023-2029)
Figure Global Mobile Payments Revenue Market Size & Forecast (2018-2029)
Table Mobile Payments Market Size by Regions: 2018 VS 2023 VS 2029
Table Mobile Payments Historic Revenue Market Size by Regions (2018-2023)
Table Mobile Payments Historic Revenue Market Share by Regions (2018-2023)
Table Mobile Payments Forecasted Revenue Market Size by Regions (2023-2029)
Table Mobile Payments Forecasted Revenue Market Share by Regions (2023-2029)
Figure North America Mobile Payments Market Size & Forecast (2018-2029)
Figure Europe Mobile Payments Market Size & Forecast (2018-2029)
Figure China Mobile Payments Market Size & Forecast (2018-2029)
Figure Asia-Pacific (Excluding China) Mobile Payments Market Size & Forecast (2018-2029)
Figure Latin America Mobile Payments Market Size & Forecast (2018-2029)
Figure Middle East & Africa Mobile Payments Market Size & Forecast (2018-2029)
Table North America Mobile Payments Revenue Share by Players 2022
Table North America Mobile Payments Revenue by Types (2018-2023)
Table North America Mobile Payments Revenue Market Share by Types (2018-2023)
Table North America Mobile Payments Revenue by Applications (2018-2023)
Table North America Mobile Payments Revenue Market Share by Applications (2018-2023)
Table North America Mobile Payments Revenue by Countries (2018-2029)
Table North America Mobile Payments Revenue Market Share by Countries (2018-2029)
Figure United States Mobile Payments Revenue and Growth (2018-2029)
Figure Canada Mobile Payments Revenue and Growth (2018-2029)
Table China Mobile Payments Revenue Share by Players 2022
Table China Mobile Payments Revenue by Types (2018-2023)
Table China Mobile Payments Revenue Market Share by Types (2018-2023)
Table China Mobile Payments Revenue by Applications (2018-2023)
Table China Mobile Payments Revenue Market Share by Applications (2018-2023)
Figure China Mobile Payments Revenue and Growth (2018-2029)
Table Asia Pacific Mobile Payments Revenue Share by Players 2022
Table Asia Pacific Mobile Payments Revenue by Types (2018-2023)
Table Asia Pacific Mobile Payments Revenue Market Share by Types (2018-2023)
Table Asia Pacific Mobile Payments Revenue by Applications (2018-2023)
Table Asia Pacific Mobile Payments Revenue Market Share by Applications (2018-2023)
Table Asia-Pacific Mobile Payments Revenue by Countries (2018-2029)
Table Asia-Pacific Mobile Payments Revenue Market Share by Countries (2018-2029)
Figure Japan Mobile Payments Revenue and Growth (2018-2029)
Figure Korea Mobile Payments Revenue and Growth (2018-2029)
Figure Southeast Asia Mobile Payments Revenue and Growth (2018-2029)
Figure India Mobile Payments Revenue and Growth (2018-2029)
Figure Australia Mobile Payments Revenue and Growth (2018-2029)
Table Europe Mobile Payments Revenue Share by Players 2022
Table Europe Mobile Payments Revenue by Types (2018-2023)
Table Europe Mobile Payments Revenue Market Share by Types (2018-2023)
Table Europe Mobile Payments Revenue by Applications (2018-2023)
Table Europe Mobile Payments Revenue Market Share by Applications (2018-2023)
Table Europe Mobile Payments Revenue by Countries (2018-2029)
Table Europe Mobile Payments Revenue Market Share by Countries (2018-2029)
Figure Germany Mobile Payments Revenue and Growth (2018-2029)
Figure France Mobile Payments Revenue and Growth (2018-2029)
Figure UK Mobile Payments Revenue and Growth (2018-2029)
Figure Italy Mobile Payments Revenue and Growth (2018-2029)
Figure Russia Mobile Payments Revenue and Growth (2018-2029)
Figure Nordic Mobile Payments Revenue and Growth (2018-2029)
Table Latin America Mobile Payments Revenue Share by Players 2022
Table Latin America Mobile Payments Revenue by Types (2018-2023)
Table Latin America Mobile Payments Revenue Market Share by Types (2018-2023)
Table Latin America Mobile Payments Revenue by Applications (2018-2023)
Table Latin America Mobile Payments Revenue Market Share by Applications (2018-2023)
Table Latin America Mobile Payments Revenue by Countries (2018-2029)
Table Latin America Mobile Payments Revenue Market Share by Countries (2018-2029)
Figure Brazil Mobile Payments Revenue and Growth (2018-2029)
Figure Argentina Mobile Payments Revenue and Growth (2018-2029)
Figure Mexico Mobile Payments Revenue and Growth (2018-2029)
Table Latin America Mobile Payments Revenue Share by Players 2022
Table Middle East & Africa Mobile Payments Revenue by Types (2018-2023)
Table Middle East & Africa Mobile Payments Revenue Market Share by Types (2018-2023)
Table Middle East & Africa Mobile Payments Revenue by Applications (2018-2023)
Table Middle East & Africa Mobile Payments Revenue Market Share by Applications (2018-2023)
Table Middle East & Africa Mobile Payments Revenue by Countries (2018-2029)
Table Middle East & Africa Mobile Payments Revenue Market Share by Countries (2018-2029)
Figure Egypt Mobile Payments Revenue and Growth (2018-2029)
Figure South Africa Mobile Payments Revenue and Growth (2018-2029)
Figure Israel Mobile Payments Revenue and Growth (2018-2029)
Figure Turkey Mobile Payments Revenue and Growth (2018-2029)
Figure GCC Countries Mobile Payments Revenue and Growth (2018-2029)
Table Market Trends Analysis
Table Market Drivers Analysis
Table Market Challenges Analysis
Table Market Restraints Analysis
Table Market Mergers & Acquisitions
Table Market New Entrants and Expansion Plans
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
Historical Data (2015-2019) |
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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