Press release
Mobile Wallet and Payment Tech Market By Application(Micropayment, Mobile Ticketing, Money Transfer, Mobile Coupon, Mobile Commerce) By Mode of Payment (Remote Payment, Near - Field Communication) - Global outlook Analysis and Industry Forecast, 2018-2023
Mobile Wallet and Payment Tech Market
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Deutsche Telekom AG (Germany), Paypal Holdings Inc (US), Apple Inc. (US), At&T Inc. (US), Vesta Corp. (US), are some of the key players in the Mobile Wallet & Payment Tech market with Paypal Holdings Inc holding the substantial market share because of its better global presence both at production and at an operational level. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
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Drivers:
• Increasing number of smartphone users
• Introduction of high-speed internet services
Restraints:
• Resistance to change
Opportunities:
• The Rise of Bluetooth in transactions
Challenges:
• Lack of knowledgeable customers
Amongst mode of Payment, Remote Payment type is holding highest market share because of the growing popularity and easy accessibility during the forecast period.
The Near - Field Communication Devices segment is also expected to grow at the highest CAGR during the year 2018-2023.
Key Benefits for Stakeholders
• Mobile Wallet & Payment Tech Manufacturers, Distributors and Retailers
• Research and Consulting organization
• Technology Standards Organizations, Forums, Alliances and Associations
• End-use industries
• Regulatory bodies, policy actors, and consumers.
By Application
• Micropayment
• Mobile Ticketing
• Money Transfer
• Mobile Coupon
• Mobile Commerce
By Mode of Payment
• Remote Payment
• Near - Field Communication
By Region
• North America
• Europe
• Asia-Pacific
• LAMEA
Key Market Players
• Deutsche Telekom AG (Germany)
• Paypal Holdings Inc (US)
• Apple Inc. (US)
• At&T Inc. (US)
• Vesta Corp. (US)
• Fidelity National Information Services Inc. (US)
• Verizon Communications Inc. (US)
(A brief overview of another 13 companies is also provided)
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Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt.Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across globe. Established in 1993, GMMR has become a recommended brand for Market Research for various international and MNC Corporations with its strong data foundation. With its exhaustive research capabilities, strong analytics services and in house data validation tools, GMMR has delivered actionable, reliable and all-inclusive Market Research Reports. GMMR is growing strongly for last 2 decades with most of the clients providing repeat business for their trust on the data quality and recommendations for decision making.
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