Press release
Mobile Wallet Market 2018 Global Leaders Overview: Sprint Corporation, American Express, Apple, Blackberry, First Data Corporation, Samsung Electronics, Visa, AT&T
Market Overview:
Mobile wallets are used to store the credentials of bank details, debit and credit cards details and internet banking information to carry out online transactions. mobile wallets also provide the facility of adding money in the e-wallets which can be used as an alternative to currency notes. According to the report that has been published by Market Research Future (MRFR), the global Mobile Wallet Market is expanding remarkably at a robust CAGR of 40% in the coming years.
Market Drivers and Restraints:
The rapid growth of e-commerce industry and increasing public dependency on smartphones are influencing the growth of the global mobile wallet market. The initiatives taken by governments ion various countries to promote digital economy coupled with the adoption of advanced technology are fueling the expansion of the global mobile wallet market.
The government activities such as demonetization in the emerging economy of India and shortage of currency notes in last couple of years have led to the increased usage of mobile wallets, resulting in the significant expansion of the global mobile wallet market. The latest trend of NFC chip enabled smartphones are anticipated to positively impact the growth of the global mobile wallet market.
However, the security concerns regarding the misuse of bank account details and increasing rate and sophistication of cybercrimes are likely to act as restraints on the growth of the global mobile wallet market during the forecast period.
Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/2059
Industry Updates:
In August 2018, three companies are collaborating to test a mobile wallet project 'Agromovil' in Columbia. The project will majorly focus on leveraging digital financial services to agricultural producers and rural population.
Segments:
The Mobile Wallet market has been segmented on the basis of-
• By Mode of Payment - Remote Payment and NFC among others.
• By Application – e-commerce, Ticketing, Mobile Coupon, Mobile Transfer, Micropayment among others.
Key Players
The major players operating in the market of mobile wallet are- American Express (U.S.), Apple Inc. (U.S.), AT&T INC.(U.S.), Blackberry Ltd. (Canada), First Data Corporation (U.S.), Google Inc. (U.S.), Sprint Corporation (U.S.), Samsung Electronics Co., Ltd. (South Korea), MasterCard Incorporated (U.S.), and Visa Inc (U.S.) among others.
Regional Analysis
Currently, Asia-Pacific is dominating the market of Mobile Wallet. Growing economy of Asian countries such as China and India are some of the major factors. In the recent news, Indian government has started promoting the cashless economy and demolish the high currencies in order to overcome from various negative factors. Another factor of growing mobile wallet market in Asia-Pacific is high number of smartphone users. Going ahead to North America, this has more than 250 million smartphone users and as U.S. and Canada are technologically developed countries, it gives North America a great competitive advantage over other regions. Rich IT industry and government initiative towards the cashless economy are helping the North America Mobile Wallet Market. Europe is also showing steady growth in the market of mobile wallet. Countries such as U.K., Germany, France and Italy are some of the major contributors in the revenue of mobile wallet.
Get complete Report @ https://www.marketresearchfuture.com/reports/mobile-wallet-market-2059
Intended Audience:
• Software developers
• Mobile app Developers
• Banking Service Providers
• Software Developers
• Software Distributors
• Government
• Mobile based financial service providers and distributors
• Research Institutes & Universities
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Media Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Mobile Wallet Market 2018 Global Leaders Overview: Sprint Corporation, American Express, Apple, Blackberry, First Data Corporation, Samsung Electronics, Visa, AT&T here
News-ID: 1337378 • Views: …
More Releases from Market Research Future
Hydrofluoric Acid Market (CAGR) of 4%, Innovation Imperative Future Proofing You …
Hydrofluoric acid (HF) is a crucial chemical compound with a wide range of applications across various industries. Despite its hazardous nature, it plays an essential role in manufacturing processes, especially in the production of fluorine compounds. The global hydrofluoric acid market has been witnessing steady growth, driven by demand from end-user industries such as oil refining, pharmaceuticals, and electronics.
The Hydrodesulfurization Catalysts Market is projected to register a CAGR of over…
Palm Methyl Ester Derivative Market Size Projected to Grow at 5.92% CAGR, Reachi …
In recent years, the global market for palm methyl ester derivatives has witnessed significant growth, driven by various factors including environmental concerns, technological advancements, and the increasing demand for sustainable alternatives in various industries. Palm methyl ester derivatives, derived from palm oil, have emerged as versatile ingredients with applications spanning across sectors such as cosmetics, pharmaceuticals, lubricants, and more.
The Palm Methyl Ester Derivative Market Size was valued at USD 1.5…
Asia-Pacific Ceramic Tiles Market to Register Highest CAGR Growth of 7.50% by 20 …
The Asia-Pacific ceramic tiles market has been witnessing robust growth, driven by various factors such as increasing investments in residential and commercial construction, renovation activities, and the growing preference for aesthetically pleasing and durable flooring solutions. Countries like China, India, Japan, and South Korea have been leading the market growth, supported by strong manufacturing capabilities, technological advancements, and evolving consumer preferences.
Asia-Pacific Ceramic Tiles Market Size was valued at USD 141.2…
APAC Wallpaper Market to Register Highest CAGR Growth of 8% by 2032: Analysis by …
The APAC wallpaper market has witnessed significant growth in recent years, driven by factors such as rising disposable incomes, expanding construction activities, and growing awareness regarding interior decor. Countries like China, India, Japan, South Korea, and Australia have emerged as key contributors to the region's wallpaper market. Additionally, the increasing adoption of innovative wallpaper designs and patterns is fueling market growth further.
APAC Wallpaper Market Size was valued at USD 0.55…
More Releases for Mobile
Asia - Mobile Infrastructure and Mobile Broadband
Bharat Book Bureau Provides the Trending Market Research Report on "Asia - Mobile Infrastructure and Mobile Broadband" under Telecom category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.
Executive Summary
Leading Asian nations prepare for 5G rollouts
Asia’s mobile subscriber market is now witnessing moderate growth in a fast maturing market. Whilst there are still developing markets continuing to grow their mobile subscriber base at…
Mobile Virtual Network Operator (MVNO) Market 2019 Growth Trends by: LEBARA GROU …
The global mobile virtual network operator (MVNO) market was valued at USD 54.1 billion in 2017. The market is expected to register a CAGR of 8.8% during the forecast period, 2018-2023. Mobile virtual network operators (MVNO) are those who resell data and voice services with more flexible plans and lower prices. MVNO’s do not have their own infrastructure and own spectrum. However, they purchase minutes of use (MOU) from mobile…
Mobile Virtual Network Operator (MVNO) Market Analysis by Top Key Players Tracfo …
The mobile virtual network operator (MVNO) is also referred to as the mobile other licensed operator (MOLO), or the virtual network operator (VNO), is the remote service of communication which does not claim the remote network infrastructure on which it gives the customer the services.
Get Sample Copy of this Report @ https://www.bigmarketresearch.com/request-sample/2835705?utm_source=RK&utm_medium=OPR
The MVNO goes into the business agreement with the mobile network operator for acquiring more access to…
Mobile Virtual Network Operator (MVNO) Market Comprehensive Study 2018: Boost Mo …
Global Mobile Virtual Network Operator (MVNO) market report provides a thorough synopsis on the study for market and how it is changing the industry. The data and the information regarding the industry are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the market experts. Mobile Virtual Network Operator (MVNO) Market report includes historic data, present market trends,…
Asia - Mobile Infrastructure And Mobile Broadband
Asian mobile broadband market continues to grow strongly
With 3.9 billion mobile subscribers and over 50% of the mobile subscribers in the world, spread across a diverse range of markets, the region is already rapidly advancing in the adoption of mobile broadband services. Mobile broadband as a proportion of the total Asian mobile broadband subscriber base, has increased from 2% in 2008 to 18% in 2013, 27% in 2014, 33% in…
Mobile Money Market Trends, Public Demand and Worldwide Strategy - Mobile Commer …
The mobile money market report provides an analysis of the global mobile money market for the period 2014 – 2024, wherein 2015 is the base year and the period from 2016 to 2024 is the forecast period. Data for 2014 has been included as historical information. The report covers all the prevalent trends playing a major role in the growth of the mobile money market over the forecast period. It…
