DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/rzq2h2/global_mobile_comm) has announced the addition of the "Global Mobile Commerce Payment Market 2011-2015" report to their offering.
One of the key factors contributing to this market growth is the increasing adoption of mobile devices. The Global Mobile Commerce Payment market has also been witnessing increasing uses of mobile payment for digital goods and ticketing purchase. However, the need to protect financial information could pose a challenge to the growth of this market
Key vendors dominating this market space include Citibank, PayPal Inc., Google Inc., and Isis
Commenting on the report, an analyst from TechNavio's Telecom team said; Mobile payment mode is widely used in developing countries to purchase goods and tickets digitally. In North America and Europe, the use of mobile ticketing and digital purchases is growing rapidly. Ticketing and digital purchases are expected to grow explosively in the coming years. Digital goods such as ringtones, games, wallpaper, mobile applications, and mobile ticketing account for the largest share of the Mobile Commerce Payment market.
According to the report, the high adoption rate of mobile devices has increased the use of mobile internet services, which can further increase the adoption of mobile payments. Users can also use short message service (SMS) as another option to make mobile payments. SMS is currently the most-used mode of mobile payment.
Further, the report also discusses that one of the main challenges in the Global Mobile Commerce Payment market is that end-users are concerned about the security of mobile payments.
For more information visit http://www.researchandmarkets.com/research/rzq2h2/global_mobile_comm