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COVID-19! We are now including the impact analysis of the COVID-19 on Master Recharge API Market report and the forecast period of this report shall be revised to 2020-2026. The section on the impact of COVID-19 on this market is included in the report for free. To know more Request a Sample of this report.

Master Recharge API Market (Service - Postpaid Mobile Recharge, Prepaid Mobile Recharge, DTH, Data Card, Electricity, Insurance, and Other Services): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

  • Published : March, 2020

  • Rep Id : ICT1366

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

A recent report published by Infinium Global Research on the master recharge API market provides an in-depth analysis of segments and sub-segments in the global as well as regional master recharge API market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional master recharge API market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global master recharge API market. According to the report, the global master recharge API market is projected to grow at a CAGR of 5.01% over the forecast period of 2019-2025.

 

Market Insight

The rising technological developments across the globe promote advancement in the retail payment industry. The introduction of various updated recharge and billing technologies and the proliferation of online payment technologies led to the development of the retail industry. Master Recharge API technology is one of the major technologies contributing to the growth of the retail payment industry. It provides convenience, ease in online recharge and utility billing payment.

 

The increasing number of smartphone users globally is one of the major contributors to the growth of the master recharge API market. A study estimated that in 2020 the number of smartphone users globally is 3.5 billion. It is 45.12% of the world’s population that owns a smartphone. The rising adoption of online payment led to the expansion of the market. Additionally, the telecom service provider is introducing low ticket easy recharge options contributing to the rise in the number of transactions and eventually favors the growth of the master recharge API market. The improved consumer spending on internet services and telecom prepaid services complement the development of the master recharge API market. Further, recharge providers, bus, hotel, and air booking service providing companies are getting into partnerships with API developers to grab a maximum customer base. Thus the shift from offline channels to online platforms drives the demand for Master Recharge API. In addition, the increasing presence of retailers, white label companies, and API integrators stimulate the growth of the master recharge API market. The surge in the number of telecom service providers across the globe promotes the expansion of the master recharge API market. Furthermore, growing investments in the telecommunication infrastructures and rapid digitization across developing countries escalate the growth of the market. On the flip side, security issues regarding e-payments hamper the growth of the master recharge API market. Moreover, technological development and exploration of internet applications create several opportunities for the growth of the master recharge API market.

 

Geographically, the global master recharge API market is divided into North America, Asia-Pacific, Europe, and the Rest of the World. Asia-Pacific region is anticipated to have the largest share in the global master recharge API market. The presence of a huge number of mobile subscribers in the Asia-Pacific region contributes to the growth of the master recharge API market in Asia-Pacific. A study estimated that in 2019 there were around 1483 million smartphone users in the Asia-Pacific region. China has a major share in the Asia-Pacific master recharge API market followed by India. Europe is expected to grow with a healthy CAGR in the global master recharge API market over the forecast period. North America has fruitful opportunities in the global master recharge API market. The rapid digitization in Europe complements the market development in the region. As per the European Central Bank, the total number of non-cash payments in the European Area reached 90.7 billion in 2018. The rise in the number of internet service providers in the United States drives the growth of the master recharge API market in North America. As per the CIA report, the United States is the number one rank in the world with respect to Internet Service Providers.

 

Segment Covered

The report on global master recharge API market covers segments such as service. On the basis of service, the sub-markets include postpaid mobile recharge, prepaid mobile recharge, DTH, data card, electricity, insurance, and other services.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Indian Web Technologies Ltd., Pointer Soft Technologies Pvt. Ltd., My Recharge, Xtracare IT Solutions, Cyrus Technoedge Solutions Pvt. Ltd., Axis Softech Private Limited, Recharge Handa, LBS Software, Pixyrs Softech and Research Pvt. Ltd., Ezetop, and Other companies.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of master recharge API market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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