Global Mobile Wallet and Payment Tech Market Intelligence & Future Trends 2017-2026

Global Mobile Wallet & Payment Tech Market was valued at USD XX Billion in the year 2018. Global Mobile Wallet & Payment Tech Market is further estimated to grow at a CAGR of XX% from 2019 to 2026 to reach USD XX Billion. North America region holds the highest market share in 2018 and Asia-Pacific market is considered as the fastest growing market in the forecasted period. At a country level, developed markets like the U.S. as well the emerging markets like China & India with highest population base holds the notable market share in 2018 and it is projected to grow at a gradual rate in the coming years.

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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.

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.

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The Near - Field Communication Devices segment is also expected to grow at the highest CAGR during the year 2018-2026.

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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Research Methodology:

Mnemonics Market Research follows in-depth Research Methodology focused on reducing deviation in the collected data. Mnemonics Market Research offers the most precise evaluations and projection for the market numbers. Mnemonics Market Research engages following Market Engineering techniques –

Raw Market Data is collected and compared with the Existing in-house Data on a broad front.
Both Bottom-Up and Top-Down approaches are analyzed for segmenting and estimating measurable aspects of the market.
To avoid bias, we filter the collected data collected from authenticated sources.

Mnemonics Market Research has a well proven Statistical Modeling System for estimates and forecasts.

Further, the report findings are validated with the Industry Expert Panel on face to face or telephonic interviews.

Panelists are approached from Leading Enterprises across the value chain including manufacturers, suppliers, technology providers, domain experts and buyers so as to validate a thorough and balanced market overview.
Detailed customization is also available for you. Further, if the report listed above does not meet your key requirements. Our customized research report will analytically cover the required market information you need which will help you to plan your business decisions.

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