Mobile Wallet – Global Market is anticipated to grow at a strong CAGR of 35.6% during the forecast period 2015 to 2022
Nov 21, 2017
Global Mobile Wallet Market is anticipated to grow at a strong CAGR of 35.6% during the forecast period 2015 to 2022.
Pune, India - November 21, 2017 /MarketersMedia/ —
Global Mobile Wallet market is anticipated to grow at a strong CAGR of 35.6% during the forecast period 2015 to 2022. 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 security, huge capital investment and technology immaturity of mobile wallet are hindering the market growth. In the digital payments industry, Mobile wallets are considered to be a revolutionary trend.
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Asia Pacific region is anticipated to witness strong growth rate during forecast period. The growth is attributed to increased usage of smart phones enabled with internet connection, government initiatives to encourage digital transactions, and raising consumer purchasing power. By end user, the OSS/BSS solution providers segment is poised to witness utmost growth rate mainly due to the reliable development of mobile wallet by the adoption of NFC technology.
Some of the key players in global mobile wallet market include Airtel Money, Alipay, Amazon.com, American Express, Apple, Bank of America, Citibank, Citrus Payment Solutions, First Data, Google, MasterCard, Vodafone, One97 communications, Oxigen, PayPal, and Visa.
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Product Types Covered:
Remote
Proximity
Transaction Types Covered:
Mobile commerce transactions
Money transfer
Mobile ticketing
Mobile coupons
Micropayments
Other Transactions
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End Users Covered:
Mobile Network Operators
Hardware Solution Manufacturers
Software Developers
Content and Applications Aggregators
Mobile Wallet Stakeholders
OSS/BSS solution providers
Other End Users
Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
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Source: MarketersMedia
Release ID: 267442
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