Gartner Research

Forecast: Mobile Payment, Worldwide, 2013 Update

Published: 15 May 2013

ID: G00248364

Analyst(s): Sandy Shen

Summary

Gartner forecasts that the worldwide mobile payment market will have over 450 million users and a transaction value of more than $721 billion in 2017. This represents compound annual growth rates of 18% and 35% respectively for the period 2012 to 2017.

Table Of Contents

Forecast Data

Analysis

  • Asia/Pacific to Overtake Africa as No. 1. Region by Value in 2016
  • NFC Will Account for Only 5% of Transaction Value in 2017
  • Money Transfer Will Remain the Top Use Case in 2017

Assumptions

  • User Penetration
  • Technology
  • Use Case
  • Average Value per Transaction

Forecast Methodology

  • Definition
  • Market Model
    • Number of Mobile Payment Users
    • Transaction Volume
    • Transaction Value
    • Worldwide Numbers

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