Mobile Wallet Shopping Market, Global and Geography, 2012-2020 ($Billion)
A mobile wallet allows consumers to make transactions even during travel, from any location and anytime. It not only provides transaction facilities at affordable prices but also facilitates consumers to manage their accounts easily. While all these aspects are boosting the growth of the mobile wallet industry, consumers’ concerns related to security and technology infancy as well as investment and deployment issues are expected to impede the growth of the mobile wallet market. Although these restraints are prevalent, companies from the telecommunication industry are collaborating with each other to better serve the needs of their customers with new and improved product/service innovation.
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The market has evolved as a result of advancements in the mobile phone technology and is expected to grow exponentially in near future, favored by continuous research and developments in the smartphone technology and lowering security concerns. The widespread smartphone adoption in developed markets and its increasing penetration levels in developing markets are influencing the growth of the mobile wallet market positively. Furthermore, growing adoption of NFC (near field communication) technology by retailers and consumers is expected to propel the growth of the mobile wallet market.
LIST OF TABLES Covered In This Report:
TABLE 1 GLOBAL MOBILE WALLET MARKET SUMMARY, 2012-2020 ($BILLION)
TABLE 2 TYPES AND BASICS OF MOBILE PAYMENTS
TABLE 3 GLOBAL MOBILE WALLET MARKET REVENUES BY APPLICATION, 2012-2020 ($BILLION)
TABLE 4 GLOBAL MOBILE COMMERCE MARKET REVENUES BY TYPE, 2012-2020 ($BILLION)
TABLE 5 GLOBAL MOBILE COMMERCE REVENUES BY GEOGRAPHY, 2012-2020 ($BILLION)
TABLE 6 MOBILE WALLET SHOPPING MARKET REVENUES BY GEOGRAPHY, 2012-2020 ($BILLION)
TABLE 7 MOBILE WALLET BILL PAYMENTS MARKET REVENUES BY GEOGRAPHY, 2012-2020 ($BILLION)
TABLE 8 MOBILE WALLET HOTEL BOOKING AND PAYMENTS MARKET REVENUES BY GEOGRAPHY, 2012-2020 ($BILLION)
TABLE 9 MOBILE WALLET ENTERTAINMENT AND EVENT PAY MARKET REVENUES BY GEOGRAPHY, 2012-2020 ($BILLION)
TABLE 10 MOBILE TICKETING MARKET REVENUES BY GEOGRAPHY, 2012-2020 ($BILLION)
TABLE 11 RAIL, METRO & BUS TICKETS MARKET REVENUES BY GEOGRAPHY, 2012-2020 ($BILLION)
TABLE 12 AIR TICKETS AND BOARDING PASSES MARKET REVENUES BY GEOGRAPHY, 2012-2020 ($BILLION)
TABLE 13 MOBILE COUPONS MARKET REVENUES BY GEOGRAPHY, 2012-2020 ($BILLION)
TABLE 14 MONEY TRANSFERS MARKET REVENUES BY GEOGRAPHY, 2012-2020 ($BILLION)
TABLE 15 MICRO PAYMENTS MARKET REVENUES BY GEOGRAPHY, 2012-2020 ($BILLION) and others.
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TOP FACTORS IMPACTING WORLD MOBILE WALLET MARKET
The world mobile wallet market is influenced by numerous factors including realization of the significance of payment-enabled mobile phones, connected and real-time marketing, value-added services and other benefits and convenience, security concerns, and compatibility & cost. These factors collectively create opportunities for the market growth, whereas some of them hamper the market growth. However, each factor would have its definite impact on the market during the forecast period.
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MOBILE WALLET MARKET SEGMENT
By Application
- Mobile Commerce Market
- Mobile Wallet Shopping Market
- Mobile Wallet Bill Payments Market
- Mobile Wallet Hotel Booking and Payments Market
- Mobile Wallet Entertainment and Event Pay Market
- Mobile Ticketing Market
- Rail, Metro and Bus Tickets
- Airline Tickets and Boarding Passes
- Mobile Coupons Market
- Mobile Transfers Market
- Micropayments
By Mode of Payment
- Remote Payment
- NFC Payment
By Stakeholders
- Mobile Network Operators (MNOs)
- Handset and other Hardware Solution Manufacturers
- OSS/BSS Solution Providers
- Software Developers and Cloud Computing
- Content and Applications Aggregators
- Other Stakeholders
The mobile wallet market has witnessed an enormous evolution, and is growing faster. The strategy that is witnessing tremendous adoption is product/service innovation, followed by collaborations and acquisitions. Product or service innovation is expected to continue being the most leading strategy through the analysis period. The current product/service innovation is being adopted to provide better and enriched customer experience, retaining the existing customers and attracting the new ones.
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on Monday October 01 2018, 4:30 PM EST.
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