Mobile Wallet Market Globally Grow at a CAGR of 35.5% by Revenue During the Forecast Period 2016-2021

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. Mobile wallets are equipped with options like integration with coupons and tickets, which are making them highly popular among users. In addition, users can also save their card and bank details on their smartphones and make payments and purchases easily. The increasing technological advances in NFC devices and growing security of payment portals are other factors driving the market growth.

Technavios analysts forecast the global mobile wallet market to grow at a CAGR of 35.5% during the period 2017-2021.

Covered :
The report covers the present scenario and the growth prospects of the global mobile wallet market for 2017-2021. To calculate the market size, the report considers the revenue generated from the from retail transactions sourced through mobile wallets. These transactions include m-commerce transactions, mobile ticketing, mobile coupons, money transfer, and micropayments.

Segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Mobile Wallet Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors
Alibaba Group
Apple
Citrus Payment Solutions
Google
MasterCard
Oxigen Services
PayPal Holdings
Samsung Electronics
Visa

Other prominent vendors
Airtel
American Express
Bank of America
Dwolla
LevelUp
LivQuik
Merchant Customer Exchange
MobiKwik
M-Pesa
Square
Venmo
Y-cash Software Solutions
ZipCash

Key driver
High adoption of contactless payment solutions
For a full, detailed list, view our report

Key challenge
Lack of awareness about features of mobile wallet technology
For a full, detailed list, view our report

Key trend
Rapid growth in 3G/4G subscriptions and mobile data consumption
For a full, detailed list, view our report

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