Global Mobile Wallet market accounted for $880.21 billion in 2017 and is expected to reach $9,352.15 billion by 2026 growing at a CAGR of 30.0% from 2017 to 2026.
The factors that are driving the market growth include rising awareness regarding mobile wallets and their applications, growing smart phone penetration and escalating benefits of mobile wallets. However, factors such as investment and deployment issues are restraining the market growth.
Mobile wallet is a digital form of debit card, credit card, or prepaid card information on mobile devices used for sending or receiving payment and to do online money transaction. Mobile wallet can give another method for physical plastic card to make fast purchase through mobile apps. They are tremendously suitable for regular payments such as utility bill payments, groceries etc., and has gained extensive popularity in a variety of sectors such as retail, utilities, telecom, and transportation, among others.
Amongst Application, retail segment accounted for significant market share during the forecast period. The growth of the retail segment can be attributed to the rising number of retail stores across the globe and the demand for convenient transactions.
By geography, Asia-Pacific is dominating the global market during predicted period. This growth in the market in the Asia Pacific countries is due to the declining smartphone prices. The demonetization in India has led to the fast acceptance of mobile wallet payment modes which rising the per day transactions by tenfold.
What our report offers:
Market share assessments for the regional and country level segments
Market share analysis of the top industry players
Strategic recommendations for the new entrants
Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
4 Porters Five Force Analysis 4.1 Bargaining power of suppliers 4.2 Bargaining power of buyers 4.3 Threat of substitutes 4.4 Threat of new entrants 4.5 Competitive rivalry
5 Global Mobile Wallet Market, By Consumer Type 5.1 Introduction 5.2 Card Users 5.3 Online Shoppers 5.4 Cash Payers
6 Global Mobile Wallet Market, By Functionality 6.1 Introduction 6.2 Multiple Function 6.3 Single Function 6.4 Universal Function
7 Global Mobile Wallet Market, By User Age Group 7.1 Introduction 7.2 Age group 30-44 years 7.3 Age group 60 years and above 7.4 Age group 18-29 years 7.5 Age group 45-59 years
8 Global Mobile Wallet Market, By Application 8.1 Introduction 8.2 Mobile Coupons 8.3 Money Transfer 8.4 Mobile Commerce Transactions 8.4.1 Hotel Booking and Payments 8.4.2 Shopping 8.4.3 Entertainment and Event Pay 8.4.4 Bill Payments 8.5 Mobile Ticketing 8.5.1 Rail, Metro and Bus Tickets 8.5.2 Airline Tickets and Boarding Passes 8.6 Micropayments 8.7 Other Applications
9 Global Mobile Wallet Market, By Mode of Payment 9.1 Introduction 9.2 Near field communication (NFC) 9.3 Remote Payments 9.4 Short Message Service (SMS) 9.5 Wireless Application Protocol (WAP)
10 Global Mobile Wallet Market, By Geography 10.1 Introduction 10.2 North America 10.3 Europe 10.4 Asia Pacific 10.5 South America 10.6 Middle East & Africa
11 Key Developments 11.1 Agreements, Partnerships, Collaborations and Joint Ventures 11.2 Acquisitions & Mergers 11.3 New Mode of Payment Launch 11.4 Expansions 11.5 Other Key Strategies
12 Company Profiling 12.1 Visa Inc. 12.2 Sprint Corporation 12.3 Samsung Electronics Co., Ltd. 12.4 Microsoft Corp. Inc 12.5 MasterCard Incorporated 12.6 Google Inc. 12.7 First Data Corporation 12.8 Citrus Payment Solutions 12.9 Citibank 12.10 Blackberry Ltd. 12.11 Bank of America 12.12 AT&T INC. 12.13 Apple Inc. 12.14 American Express 12.15 Alipay 12.16 Paytm 12.17 Vodafone 12.18 PayPal 12.19 Oxigen 12.20 One97 communications 12.21 Amazon.com 12.22 Airtel Money