Press release
Mobile Wallet Market Set for Rapid Growth, to Reach around USD 3,142.17 billion by 2022
DOWNLOAD FREE PDF BROCHURE @ https://goo.gl/4K8ctU
Worldwide adoption of smartphones and technological advancements are influencing the growth of mobile wallet market. The mobile wallet is a type of payment service by which anyone can receive and send money via mobile devices. A mobile wallet is a form of e-commerce model that is made to be used with mobile devices and offers convenience and easy access. It provides service of the online transaction for every single operation in a routine. Mobile wallet offers various facilities such as debit, credit and online transaction from a bank account.
In 2015, consumer spent USD 610 billion on all forms of mobile transaction globally. Increasing mobile internet users has encouraged the new player to enter the market to provide e-commerce services. This will fuel the growth of mobile wallets during the forecast period, as users will be able to make instant purchases online. High transaction volumes through m-commerce, growing use of smartphone users and high Internet penetration worldwide are key drivers of the market growth. However, higher initial investment and rise in online frauds is expected to impact the growth of mobile wallet market.
Get FREE Sample Research Report @ https://goo.gl/wPW7GQ
The global mobile wallet market has been segmented as per applications, product, and geography.Product segments cover NFC and remote payment methods. The remote mobile wallet segment has generated the highest revenue in 2016and anticipated to maintain its dominance throughout the forecast period due to payment availability globally. NFC product type is expected to have highest growth rate with the increasing penetration of NFC-enabled smartphones across all the regions. The product flexibility for converting the devices to NFC-enabled is expected to drive the market growth.North America dominated the global mobile wallet market due to its efforts of making the digital economy. Europe is also growing with a strong CAGR followed by Asia pacific. Asia Pacific shows high growth potential due to high adoption of smartphones.
Key industry participants operating in the global mobile wallet market includes American Express, Apple Inc., Amazon.com inc., Bank of America, Citibank, Citrus Payment Solutions, Dwolla, MasterCard, Visa, AT&T, Sprint, First Data, BlackBerry, Samsung, Google, Paytm, and others.
The report segments global mobile wallet market as follows:
Mobile Wallet Market: Product Segment Analysis
Near field communication (NFC)
Remote payments
Mobile Wallet Market: Application Segment Analysis
Retail payments
Vending machines
Public transportation
Restaurants
Mobile Wallet Market: Regional Segment Analysis
North America
U.S.
Europe
Germany
UK
France
Asia Pacific
China
Japan
India
Latin America
Brazil
Middle East & Africa
GET FREE PDF BROCHURE @ https://goo.gl/4K8ctU
About Us
Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Contact Us:
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.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 Set for Rapid Growth, to Reach around USD 3,142.17 billion by 2022 here
News-ID: 1524079 • Views: …
More Releases from zion market research
Global Dairy Processing Equipment Market Size Worth USD 18.37 Billion by 2034, G …
The global dairy processing equipment market size was valued at USD 10.75 Billion in 2024 and is projected to reach USD 18.37 Billion by 2034, growing at a CAGR of 5.5% between 2025 and 2034. This growth is driven by increasing dairy consumption, demand for packaged products, and advancements in processing technology.
🌍 Global Dairy Processing Equipment Market: Overview
Milk is one of the most consumed and perishable food products. Being highly…
Global Movies and Entertainment Market Valued at USD 108.84 Billion in 2024, Exp …
The global movies and entertainment market was worth USD 108.84 Billion in 2024 and is projected to grow to USD 221.22 Billion by 2034, expanding at a CAGR of 7.35% between 2025 and 2034. The industry encompasses film production, TV shows, music, live events, streaming services, and digital platforms, making it one of the most dynamic and revenue-generating sectors worldwide.
Over the past decade, the rise of OTT platforms such as…
Global Gaming Monitors Market to Reach USD 28.42 Billion by 2034, Growing at 7.7 …
The global gaming monitors market was valued at USD 12.74 Billion in 2024 and is projected to reach USD 28.42 Billion by 2034, expanding at a steady CAGR of 7.7% between 2025 and 2034. Gaming monitors, engineered for low latency, high refresh rates, and superior graphics, have become essential in the era of esports, professional gaming, and immersive digital entertainment.
The demand for these monitors is being propelled by the rising…
Global Virtual Schools Market Size to Reach USD 18.98 Billion by 2034, Growing a …
The global virtual schools market was valued at USD 3.72 Billion in 2024 and is projected to reach USD 18.98 Billion by 2034, expanding at a promising CAGR of 16.1% between 2025 and 2034. This remarkable growth is driven by the accelerating digitalization of education, rising demand for flexible learning models, and widespread adoption of online platforms by schools, universities, and corporate training programs.
Virtual schools, also known as e-schools or…
More Releases for Mobile
Global Mobile Wallet Market, Global Mobile Wallet Industry, Market Revenue, Mark …
The digital wallet is the engine of mobile commerce and also agreements an evolutionary path to decrease the friction in the transaction and optimize consumer satisfaction. The users are interested towards gorgeous cash backs and loyalty coupons suggested by dissimilar mobile wallet corporates. The mobile wallet market in the report denotes to payment services functioned under financial regulation and functioned through a mobile device instead of paying with cheques, cash, or credit cards.…
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 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…
