Canada Mobile Payment Market Size & Outlook, 2023-2030
Related Markets
Canada mobile payment market highlights
- The Canada mobile payment market generated a revenue of USD 2,893.1 million in 2023 and is expected to reach USD 28,063.7 million by 2030.
- The Canada market is expected to grow at a CAGR of 38.3% from 2024 to 2030.
- In terms of segment, mobile web payment was the largest revenue generating technology in 2023.
- Near Field Communication is the most lucrative technology segment registering the fastest growth during the forecast period.
Mobile payment market data book summary
| Market revenue in 2023 | USD 2,893.1 million |
| Market revenue in 2030 | USD 28,063.7 million |
| Growth rate | 38.3% (CAGR from 2023 to 2030) |
| Largest segment | Mobile web payment |
| Fastest growing segment | Near Field Communication |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Near Field Communication, Direct Mobile Billing, Mobile Web Payment, SMS, Interactive Voice Response System, Mobile App |
| Key market players worldwide | Alphabet Inc Class A, Alibaba Group Holding Ltd ADR, Amazon.com Inc, Apple Inc, American Express Co, PayPal Holdings Inc, Samsung Electronics Co Ltd, Visa Inc Class A, Tencent Holdings Ltd ADR |
Other key industry trends
- In terms of revenue, Canada accounted for 4.3% of the global mobile payment market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. mobile payment market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 28,063.7 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Mobile Payment Market Scope
Mobile Payment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Visa Inc Class A | View profile | 28800 | P.O. Box 8999, San Francisco, CA, United States, 94128-8999 | https://www.usa.visa.com |
| American Express Co | View profile | 74600 | 200 Vesey Street, New York, NY, United States, 10285 | https://www.americanexpress.com |
| PayPal Holdings Inc | View profile | 27200 | 2211 North First Street, San Jose, CA, United States, 95131 | https://www.paypal.com |
| Alibaba Group Holding Ltd ADR | View profile | 204891 | 1 Matheson Street, Causeway Bay, 26th Floor, Tower One, Times Square, Hong Kong, Hong Kong, | https://www.alibabagroup.com |
| Samsung Electronics Co Ltd | View profile | 124804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | https://www.samsung.com |
| Alphabet Inc Class A | View profile | 180895 | 1600 Amphitheatre Parkway, Mountain View, CA, United States, 94043 | https://www.abc.xyz |
| Tencent Holdings Ltd ADR | View profile | 104787 | No. 33 Haitian 2nd Road, Tencent Binhai Towers, Nanshan District, Shenzhen, China, People's Republic of, 518054 | http://www.tencent.com |
| Apple Inc | View profile | 161000 | One Apple Park Way, Cupertino, CA, United States, 95014 | https://www.apple.com |
| Amazon.com Inc | View profile | 1525000 | 410 Terry Avenue North, Seattle, WA, United States, 98109-5210 | https://www.amazon.com |
Canada mobile payment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to mobile payment market will help companies and investors design strategic landscapes.
Mobile web payment was the largest segment with a revenue share of 23.86% in 2023. Horizon Databook has segmented the Canada mobile payment market based on near field communication, direct mobile billing, mobile web payment, sms, interactive voice response system, mobile app covering the revenue growth of each sub-segment from 2017 to 2030.
- Canada Mobile Payment Technology Outlook (Revenue, USD Million, 2017-2030)
- Mobile Web Payment
- Interactive Voice Response System
- Mobile App
- Others
- Near Field Communication
- Direct Mobile Billing
- SMS
- Canada Mobile Payment Payment Type Outlook (Revenue, USD Million, 2017-2030)
- B2B
- Others
- B2G
- B2C
- Canada Mobile Payment Location Outlook (Revenue, USD Million, 2017-2030)
- Proximity Payment
- Remote Payment
- Canada Mobile Payment End Use Outlook (Revenue, USD Million, 2017-2030)
- Transportation
- Others
- BFSI
- Healthcare
- IT & Telecom
- Media & Entertainment
- Retail & E-commerce
Reasons to subscribe to Canada mobile payment market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Canada mobile payment market databook
-
Our clientele includes a mix of mobile payment market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada mobile payment market , including forecasts for subscribers. This country databook contains high-level insights into Canada mobile payment market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Canada mobile payment market size, by technology, 2017-2030 (US$M)
Canada Mobile Payment Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
