"The Report Global IT Spending Market by mobile payment service provider 2015-2019 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz" Description About IT spending by mobile payment service provider Proliferation of mobile devices has created a market for mobile payments. Mobile payments are transactions that can be carried out using mobile devices such as smartphones. Mobile payments are a revolutionary trend in the digital payments industry and use technology such as NFC for touchless payments. They enable online purchases and payment of bills. The growth of the global mobile payment market has been stimulated by an ever growing m-commerce market and adoption of smartphones, along with the availability of value-added services at affordable costs. View Report At: http://www.marketresearchreports.biz/analysis/459151 Mobile payment service providers such as PayPal, Mastercard, AmazonPay, and Google Wallet are increasingly investing in IT to enhance their technological capabilities, ensure operational efficiency, and keep pace with a growing customer base. Mobile payment service providers are also acquiring IT players and building in-house capabilities. They are also collaborating with IT players, such as IBM and Oracle, to better understand their customers needs and offer customized services using analytics and BI tools. Data security is a key concern among mobile payment service providers. These providers gather personal data to customize advertisements and reach the target audience. They track cookies to gather information. Indiscriminate use of this data can lead to infringement of customers privacy. It also leads to concerns about the security of customers financial information. However, mobile payment service providers are trying to enhance security of data, and to some extent have changed consumer perception about security of their personal information. Technavio expects substantial spending on mobile payment solutions from the banking sector. The banking sector is investing in several initiatives including digital banking and digital transformation, mobile banking and payments, security solutions, and analytical solutions. Technavio's analysts forecast the global IT spending market by mobile payment service providers to grow at a CAGR of 12.26% over the period 2014-2019. Download Detail Report With Complete TOC at: http://www.marketresearchreports.biz/sample/sample/459151 Covered in this report This report covers the present scenario and growth prospects of the global IT spending market by mobile payment service providers for the period 2015-2019. To calculate the market size, the report considers revenue generated through sales of hardware, software, and services. The report presents the vendor landscape and a corresponding detailed analysis of the leading vendors in the global IT spending market by mobile payment service providers. In addition, it discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends emerging in the market. Technavio's report, Global IT Spending Market by Mobile Payment Service Providers 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC, the Americas, and EMEA. It also covers the landscape of the global IT spending market by mobile payment service providers and its growth prospects in the coming years. The report also includes a discussion on the key vendors operating in this market. Key regions Americas APAC EMEA Key vendors Amazon Payments HP IBM MasterCard Oracle PayPal SAP Other prominent vendors Accenture Apple Pay AT&T CSC Fujitsu Google Pay Infosys Samsung SAP Square TCS Verizon Wipro Market driver Rise in technological advancements For a full, detailed list, view our report Market challenge Concerns regarding security and privacy of data For a full, detailed list, view our report Market trend Emergence of cloud-based mobile payment solutions For a full, detailed list, view our report Key questions answered in this report What will the market size be in 2019 and what will the growth rate be? What are the key market trends? What is driving this market? What are the challenges to market growth? Who are the key vendors in this market space? What are the market opportunities and threats faced by the key vendors? What are the strengths and weaknesses of the key vendors? 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