The growing preference for reward and loyalty programs is expected to give a major boost to the growth of the global mobile wallet market in future. To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Mobile Wallet Market.
In the latest trend, NFC chip enabled smartphone are expected to drive the market as most of the smartphone manufacturers are equipping the phones with NFC. North America dominates the global mobile wallet market in terms of revenue generation owing to early shift towards digital economy.
The substantial flux of players in numerous key regional markets in recent years has greatly altered the market dynamics toward less degree of consolidation. Submit Zion Research uses the synergy of combination of both primary research and secondary research for its research reports.
The market dynamics have been ascertained following a detailed study of the micro, meso, and macroeconomic indicators of the market. Increasing investments in e-Commerce and m-Commerce is also expected to boost demand during the forecast period.
In India, after demonetization, online payment transfer has been increased drastically. The demand for mobile apps that help in seamless, hassle-free, and anytime access to various banking services is boosting the market.
They are extremely convenient for regular payments such as utility bill payments, groceries etc. North America is further bifurcated into U. Zion Research has collected key data related to the Mobile Wallet Market and analyzed these data using a variety of methods.
December 14, Description About Mobile Wallets The growing use of 3G and 2G mobile data and broadband globally is a major factor contributing to the growth of the global mobile wallet market. These transactions include m-commerce transactions, mobile ticketing, mobile coupons, money transfer, and micropayments.
The attractive strides that mobile banking products and services are experiencing in the developing world are propelling the demand for mobile wallets. Increasing uses of smartphone and growing e-commerce industry are some of the major factor which is supporting the market of mobile wallet around the world whereas growing security proliferation and security are some of the major restraint to the market.
Models Where no hard data is available, we use models and estimates to produce comprehensive data sets. The buying and selling of services and goods through wireless handheld devices, such as personal digital assistants PDAs and cellular telephone is known as mobile commerce or m-commerce.
Inthe money transfers segment accounted for a significant share in the global mobile wallet market, followed by the merchant purchases segment.
To calculate the market size, the report considers the revenue generated from the from retail transactions sourced through mobile wallets. Mobile wallet is nothing but an online-interface that provides the ease of carrying the money or cash just like a physical wallet.
Mobile wallets can hold information related to reward cards, credit and debit cards in order to conduct fast and secured transaction for payment of various items and services without use of cash.
Request for Customization MarketResearch. The mobile wallet market is witnessing strong growth globally, with the increasing adoption of mobile payment services. The users are tempted towards attractive cash backs and loyalty coupons offered by different mobile wallet companies. Inthe mobile payment mode was the leading segment and accounted around the three quarters of total revenue generated by mobile wallet market.
Retail payments, vending machines, public transportation, grocery stores, and restaurants are key application markets for mobile wallet. The vast popularity that smartphone apps among worldwide population has increased in the rapid and steady expansion of the market. The market of mobile wallet can be segmented on the basis of application, in terms of value, as merchant purchases, money transfers, bill payments, and others.
The rising adoption of near field communication NFC technologies in number of end-use industries is also providing a robust underpinning for the steady expansion of the market.The report aims to provide an overview of global mobile wallet and payment technology market with detailed market segmentation by application, payment mode.
The report covers forecast and analysis for the Mobile Wallet market on a global and regional level. The study provides historic data of along with a forecast from to based on revenue (USD billion).
The global mobile wallet market is expected to grow at CAGR of 40% and estimated to reach at market size of US ~$5 billion by the end of forecast period. Study Objectives of Mobile Wallet Market: To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Mobile Wallet Market.
Orbis Research Market brilliance released a new research report of pages on title ‘Global Mobile Wallet (NFC, Digital Wallet) Industry report’ with detailed. About Mobile Wallets The growing use of 3G and 2G mobile data and broadband globally is a major factor contributing to the growth of the global mobile wallet market.
About Mobile Wallets. The growing use of 3G and 2G mobile data and broadband globally is a major factor contributing to the growth of the global mobile wallet market.Download