Master Recharge API Market By Service (Data Card, DTH, Electricity, Insurance, Postpaid Mobile Recharge, Prepaid Mobile Recharge, Others) - Growth, Future Prospects, And Competitive Analysis, 2019 – 2027
The Increasing Adoption of Online Payment Solution is Driving the Growth of Master Recharge API Market
Globally, the master recharge API market is expected to grow with a CAGR of 4.8% during the forecast period from 2019 to 2027, started from US$ 10.82 bn in 2018. The market is driven by the increasing adoption of the online Payment and mobile payment solution across the globe. As the information availability is increasing and the customers are becoming empowered, the financial institutes are leveraging on the online banking channels to meet the customers on their choice of channels. This is augmenting the demand for the master recharge API solution across the industry verticals.
The increasing adoption of the smartphone and tablets across the globe is further accelerating the adoption of the master recharge API services. Furthermore, the increasing adoption of the online payment solution across the retail sector is augmenting the demand for the master recharge API. However, the data safety and security issues associated with the use of online payment solution is inhibiting the growth of the market. Moreover, the absence of clear regulatory framework is restricting the market growth.
Prepaid Mobile Recharge Service is Estimated to Grow Significantly During the Forecast Period
The master recharge API market is segmented based on the services into data card, DTH, prepaid recharge, postpaid recharge, electricity, insurance and others. Prepaid recharge accounted for more than 30% share in the master recharge API revenue in 2018. The market growth is attributed to the wide scale adoption of mobile apps for bill payment and recharge among the younger population. Furthermore, the attractive discount, coupons, and cash back offers from the solution providers accelerates the adoption of online payment solutions, which in turn further drives the market growth.
North America is Leading the Master Recharge API Market
North America led the master recharge API market in 2018 with the market share of more than 33%. The increasing adoption of the smartphone and tablets across the region is the primary factor driving the market growth. The rising trend of the online payment also acts as a major driver for the growth of the market. Additionally, the growing need among the organizations to provide the better customer services to the customer is further driving the market growth.
The major vendors in the master recharge API market are Crowd Finch, Axis Softech Private Limited, Recharge Handa, Cyrus Technoedge Solutions Pvt. Ltd., Ezetop, Euronet Worldwide, Indian Web Technologies, LBS Software, Jolo, MyRecharge, Pointersoft Technologies, Pixyrs Softech, and Xtracare IT Solution.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The master recharge API market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global master recharge API market based on service and geography. Key segments covered in the report are as follows:
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2017-2027 |
| Base Year | 2018 |
| Forecast Period | 2019-2027 |
| Historical Year | 2017 |
| Unit | USD Billion |
| Segmentation |
Service Segment (2017–2027; US$ Bn) |
|
Geography Segment (2017–2027; US$ Bn) |
Key questions answered in this report
- What was the market size of master recharge API in 2018 and forecast up to 2027?
- Which is the largest regional market for master recharge API?
- What are the major trends followed in master recharge API market across different regions?
- Who are the key companies in the master recharge API market?
- What are the key strategies adopted by the leading master recharge API companies in market?
Unique data points of this report
- Statistics on master recharge API and spending worldwide
- Recent trends across different regions in terms of adoption of master recharge API across services
- Notable developments going on in the industry
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
Chapter 1 Preface
1.1 Report Scope and Description
1.1.1 Study Purpose
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Approach Adopted
1.3.4 Top-Down Approach
1.3.5 Bottom-Up Approach
1.3.6 Phase III – Expert Panel Review
1.3.7 Assumptions
1.4 Market Segmentation
Chapter 2 Executive Summary
2.1 Market Snapshot: Global MRAPI Market
2.1.1 Global MRAPI Market, by Service, 2018 (US$ Mn)
2.1.2 Global MRAPI Market, by Geography, 2018 (US$ Mn)
Chapter 3 Market Dynamics
3.1 Introduction
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.1.1 Driver 1
3.2.1.2 Driver 2
3.2.1.3 Driver 3
3.2.2 Market Restraint
3.2.2.1 Restraint 1
3.3 Attractive Investment Proposition, by Geography, 2018
3.4 Market Positioning of Key MRAPI Vendors, 2018
Chapter 4 Global Master Recharge API (MRAPI) Market, by Service
4.1 Overview
4.1.1 Global MRAPI Market Value Share, by Service, 2018 & 2027 (Value, %)
4.2 Data Card
4.2.1 Global MRAPI Market Value from Data Card, 2017 – 2027(US$ Mn)
4.2.2 DTH
4.2.2.1 Global MRAPI Market Value from DTH, 2017 – 2027(US$ Mn)
4.2.3 Electricity
4.2.3.1 Global MRAPI Market Value from Electricity, 2017 – 2027(US$ Mn)
4.2.4 Insurance
4.2.4.1 Global MRAPI Market Value from Insurance, 2017 – 2027(US$ Mn)
4.2.5 Postpaid Mobile Recharge
4.2.5.1 Global MRAPI Market Value from Postpaid Mobile Recharge, 2017 – 2027(US$ Mn)
4.2.6 Prepaid Mobile Recharge
4.2.6.1 Global MRAPI Market Value from Prepaid Mobile Recharge, 2017 – 2027(US$ Mn)
4.2.7 Others
4.2.7.1 Global MRAPI Market Value from Others, 2017 – 2027(US$ Mn)
Chapter 5 North America Master Recharge API (MRAPI) Market Analysis, 2017 – 2027 (US$ Mn)
5.1 Overview
5.2 North America MRAPI Market Analysis, by Service, 2017 – 2027 (US$ Mn)
5.2.1 Market Analysis
5.3 North America MRAPI Market, by Country, 2017 – 2027 (US$ Mn)
5.3.1 Market Analysis
5.3.2 U.S.
5.3.2.1 U.S. MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
5.3.3 Canada
5.3.3.1 Canada MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
Chapter 6 Europe Master Recharge API (MRAPI) Market Analysis, 2017 – 2027 (US$ Mn)
6.1 Overview
6.2 Europe MRAPI Market Analysis, by Service, 2017 – 2027 (US$ Mn)
6.2.1 Market Analysis
6.3 Europe MRAPI Market, by Country, 2017 – 2027 (US$ Mn)
6.3.1 Market Analysis
6.3.2 U.K.
6.3.2.1 U.K. MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
6.3.3 Germany
6.3.3.1 Germany MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
6.3.4 France
6.3.4.1 France MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
6.3.5 Rest of Europe
6.3.5.1 Rest of Europe MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
Chapter 7 Asia Pacific Master Recharge API (MRAPI) Market Analysis, 2017 – 2027 (US$ Mn)
7.1 Overview
7.2 Asia Pacific MRAPI Market Analysis, by Service, 2017 – 2027 (US$ Mn)
7.2.1 Market Analysis
7.3 Asia Pacific MRAPI Market, by Country, 2017 – 2027 (US$ Mn)
7.3.1 Market Analysis
7.3.2 China
7.3.2.1 China MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
7.3.3 Japan
7.3.3.1 Japan MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
7.3.4 India
7.3.4.1 India MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
7.3.5 Rest of Asia Pacific
7.3.5.1 Rest of Asia Pacific MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
Chapter 8 Rest of the World (RoW) Master Recharge API (MRAPI) Market Analysis, 2017 – 2027 (US$ Mn)
8.1 Overview
8.2 RoW MRAPI Market Analysis, by Service, 2017 – 2027 (US$ Mn)
8.2.1 Market Analysis
8.3 RoW MRAPI Market, by Country (US$ Mn)
8.3.1 Market Analysis
8.3.2 Middle East & Africa (MEA)
8.3.2.1 MEA MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
8.3.3 Latin America
8.3.3.1 Latin America MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
Chapter 9 Company Profiles
9.1 Axis Softech Private Limited
9.2 Crowd Finch
9.3 Cyrus Technoedge Solutions Pvt. Ltd.
9.4 Euronet Worldwide
9.5 Ezetop
9.6 Indian Web Technologies
9.7 Jolo
9.8 LBS Software
9.9 LBS Software
9.10 MyRecharge
9.11 Pixyrs Softech
9.12 Pointersoft Technologies
9.13 Recharge Handa
9.14 Xtracare IT Solution
* Here we are using MRAPI as a short form of Master Recharge API
TABLE 1 Market Snapshot: Global Master Recharge API (MRAPI) Market Value
TABLE 2 North America MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
TABLE 3 North America MRAPI Market Value, by Country,2017 – 2027 (US$ Mn)
TABLE 4 U.S. MRAPI Market Value, by Service2017 – 2027 (US$ Mn)
TABLE 5 Canada MRAPI Market Value, by Service2017 – 2027 (US$ Mn)
TABLE 6 Europe MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
TABLE 7 Europe MRAPI Market Value, by Country,2017 – 2027 (US$ Mn)
TABLE 8 U.K. MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
TABLE 9 Germany MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
TABLE 10 France MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
TABLE 11 Rest of Europe MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
TABLE 12 Asia Pacific MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
TABLE 13 Asia Pacific MRAPI Market Value, by Country,2017 – 2027 (US$ Mn)
TABLE 14 China MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
TABLE 15 Japan MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
TABLE 16 India MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
TABLE 17 Rest of Asia Pacific MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
TABLE 18 RoW MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
TABLE 19 RoW MRAPI Market Value, by Country,2017 – 2027 (US$ Mn)
TABLE 20 MEA MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
TABLE 21 Latin America MRAPI Market Value, by Service, 2017 – 2027 (US$ Mn)
TABLE 22 Axis Softech Private Limited: Company Snapshot (Business Description; Service Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 23 Crow Finch: Company Snapshot (Business Description; Service Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 24 Cyrus Technoedge Solutions Pvt. Ltd.: Company Snapshot (Business Description; Service Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 25 Euronet Worldwide: Company Snapshot (Business Description; Service Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 26 Ezetop: Company Snapshot (Business Description; Service Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 27 Indian Web Technologies: Company Snapshot (Business Description; Service Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 28 Jolo: Company Snapshot (Business Description; Service Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 29 LBS Software: Company Snapshot (Business Description; Service Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 30 LBS Software: Company Snapshot (Business Description; Service Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 31 MyRecharge: Company Snapshot (Business Description; Service Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 32 Pixyrs Softech: Company Snapshot (Business Description; Service Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 33 Pointersoft Technolgies: Company Snapshot (Business Description; Service Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 34 Recharge Handa: Company Snapshot (Business Description; Service Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 35 Xtracare IT Solution: Company Snapshot (Business Description; Service Portfolio; Financial Information; Business Overview and Recent Development)
FIG. 1 Global Master Recharge API (MRAPI) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global MRAPI Market Segmentation
FIG. 4 Global MRAPI Market, by Service, 2018 (US$ Mn)
FIG. 5 Global MRAPI Market, by Geography, 2018 (US$ Mn)
FIG. 6 Attractive Investment Proposition, by Geography, 2018
FIG. 7 Market Positioning of Key MRAPI Vendors, 2018
FIG. 8 Global MRAPI Market Value Share, by Service, 2018 & 2027 (Value, %)
FIG. 9 Global MRAPI Market Value from Data Card, 2017 – 2027(US$ Mn)
FIG. 10 Global MRAPI Market Value from DTH, 2017 – 2027(US$ Mn)
FIG. 11 Global MRAPI Market Value from Electricity, 2017 – 2027(US$ Mn)
FIG. 12 Global MRAPI Market Value from Insurance, 2017 – 2027(US$ Mn)
FIG. 13 Global MRAPI Market Value from Postpaid Mobile Recharge, 2017 – 2027(US$ Mn)
FIG. 14 Global MRAPI Market Value from Prepaid Mobile Recharge, 2017 – 2027(US$ Mn)
FIG. 15 Global MRAPI Market Value from Others, 2017 – 2027(US$ Mn)
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