Vietnam Mobile Payment Market Covid-19 Impact Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2031
Vietnam Mobile Payment Market Overview
“The Vietnam Mobile Payment market size is expected to be worth around US$ 197.2 Bn by 2031 from US$ 37 Bn in 2021, growing at a CAGR of 18.19% during the forecast period 2021 to 2031.”
It is complete with important statistics and other industry-relevant particulars, including factors expected to influence Vietnam Mobile Payment market progress, drivers, restraints, opportunities, trends, sales reviews, landmark developments (existing and anticipated), SWOT analysis, as well as information on other potential revenue generation prospects in unexplored areas of operation.
The data collated by our analysts from both primary and secondary sources are validated by data management solutions and, more importantly, industry experts to ensure genuine authenticity. The Vietnam Mobile Payment market report will encompass imminent threats or challenges from existing industry contenders and potential new market entrants.
Additionally, this dossier will explore the existing and foreseeable impacts of the ongoing COVID-19 pandemic.
Impacts of the COVID-19 Pandemic:
Most industries worldwide have been negatively impacted over the last few months. This can be attributed to significant disruptions experienced by their respective manufacturing and supply-chain operations as a result of various precautionary lockdowns and other restrictions enforced by governing authorities across the globe.
The same applies to the Vietnam Mobile Payment market. Moreover, consumer demand has also subsequently reduced as individuals are now more keen on eliminating non-essential expenses from their respective budgets as the general economic status of most individuals has been severely affected by this outbreak.
These aforementioned elements are expected to burden the revenue trajectory of the Vietnam Mobile Payment market over the forecast timeline. However, as respective governing authorities begin to lift these enforced lockdowns, the Vietnam Mobile Payment market is expected to recover accordingly.
Who are the Major Vietnam Mobile Payment Market's Key Players?
Key industry players profiled in this Vietnam Mobile Payment market include: Movi, M_Service, National Payment Corporation of Vietnam (NAPAS), NganLuong.vn, OnePAY, Orange, PayPal Holdings, Inc., SohaPay Electronic Payment Tool, VietUnion Online Services Corporation (Payoo), and VNG Corp.
Segmentation of the Vietnam Mobile Payment Market:
- Proximity Payment
- Remote Payment
By Mode of Transactions
- Short Message Service
- Wireless Application Protocol
- Near-Field Communication
- Hospitality & Tourism
- Media & Entertainment
- Energy & Utilities
- IT & Telecommunication
By Type of Purchase
- Airtime Transfer & Top-Ups
- Money Transfers & Payments
- Merchandise & Coupons
- Travel & Ticketing
What are the Key Factors Covered in this Vietnam Mobile Payment Market Report?
- CAGR of the Vietnam Mobile Payment market during 2021-2031.
- Precise estimation of the Vietnam Mobile Payment market size and its contribution to the parent market.
- Detailed information on factors that will drive Vietnam Mobile Payment market growth during the next ten years.
- Accurate predictions on upcoming trends and changes in consumer behavior.
- The growth of the Vietnam Mobile Payment market across APAC, North America, Europe, South America, and MEA.
- A thorough analysis of the Vietnam Mobile Payment market’s competitive landscape and detailed information on key Players.
- Comprehensive details of factors that will challenge the growth of Vietnam Mobile Payment market vendors.
- Vietnam Mobile Payment Market’s Opportunity Orbits
- Market Investment Feasibility Index
- PEST Analysis
- PORTER’S Five Force Analysis
- Drivers & Restraints Impact Analysis
- Marketing Strategy
- Product Life Cycle Analysis
- Value Chain Analysis
- Cost Structure Analysis
- Macro-economic Factors
Particular Scope Estimated Year 2021 Actual Year 2020 Forecast Period 2021–2031 CAGR 18.19% Market Size in 2021 37Bn 2031 Value Projection 197.2Bn Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
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- National Payment Corporation of Vietnam (NAPAS)
- PayPal Holdings, Inc.
- SohaPay Electronic Payment Tool
- VietUnion Online Services Corporation (Payoo)
- VNG Corp.
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