Global Mobile Wallet Market To Grow At A CAGR Of 35.5% During The Period 2017-2021
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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.
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Covered in this report
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.
The market is divided into the following segments based on geography:
Americas
APAC
EMEAGlobal 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.
Key vendors
Alibaba Group
Apple
Citrus Payment Solutions
Google
MasterCard
Oxigen Services
PayPal Holdings
Samsung Electronics
Visa
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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
Market driver
High adoption of contactless payment solutions
For a full, detailed list, view our report
Market challenge
Lack of awareness about features of mobile wallet technology
For a full, detailed list, view our report
Market trend
Rapid growth in 3G/4G subscriptions and mobile data consumption
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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