The global mobile wallet market to grow at a CAGR of 34.58% by revenue, during the period 2016-2020.
Global Mobile Wallet Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the present scenario and the growth prospects of the global mobile wallet market for 2016-2020. To calculate the market size, the report considers the revenue generated from retail transactions sourced through mobile wallets. The report also includes a discussion of the key vendors operating in this market.
Rise in mobile Internet users will be a key trend for market growth. The growing number of mobile Internet users has encouraged new players to enter the market to provide m-commerce services. This may fuel the growth of mobile wallets during the forecast period, as users will be able to make instant purchases online.
According to the report, one of the key drivers will be high transaction volumes through m-commerce. Rise in demand and use of m-commerce is witnessed due to growing number of smartphone users and high Internet penetration worldwide. Mobile wallets are increasingly being used for transactions in m-commerce. The advantages of m-commerce include easy access to a product without any time and location constraints, flexible and easy payment services to clients, and enhanced brand recall value, which should benefit vendors in the long-run.
Further, the report states that infrastructure inadequacies in developing countries will be a challenge for the market. The lack of infrastructure, such as limited number of POS terminals, has led a block in communication. Mobile wallet is a relatively new concept, and the confidence level of customers is vital for success. Therefore, it is important for top vendors to enhance the customer experience and confidence through different strategic models that operate on online payment methods.
Other prominent vendors
- Airtel Money
- American Express
- Bank of America
- Citrus Payment Solutions
- First Data
- One97 communications
- Tata Teleservices
- Y-Cash Software Solutions
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by application
Part 07: Geographical segmentation
Part 08: Market drivers
Part 09: Impact of drivers
Part 10: Market challenges
Part 11: Impact of drivers and challenges
Part 12: Market trends
Part 13: Vendor landscape
Part 14: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/2vcbst/global_mobile
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-mobile-wallet-market-2016-2020---market-revenue-to-grow-at-a-cagr-of-3458---research-and-markets-300312444.html
SOURCE Research and Markets