Mobile Wallet (NFC, Digital Wallet) Market is Thriving Worldwide | Major Giants MasterCard, Amazon, Square, Citibank, Visa, Paytm

A new research study on Global Mobile Wallet (NFC, Digital Wallet) Market is added by HTF MI in its repository with an aim to offer a complete assessment of the factors influencing and market growth trend. The market Study is segmented by key a region that is accelerating the marketization. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. Some of the key players profiled in the study are MasterCard, Apple, Amazon, Square, Citibank, Citrus Payment, Dwolla, Merchant Customer Exchange, Visa, Microsoft, Sprint, First Data, Paytm, Samsung & Google.

If you are involved in the Mobile Wallet (NFC, Digital Wallet) product offering or planning to enter, then this study will provide you comprehensive outlook and consequential analysis of Mobile Wallet (NFC, Digital Wallet) companies and trending segments.

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Mobile wallet is a technology where debit and credit card information can be stored in the smart phone. In the other words instead of keeping the physical cards, one can just pay the bill with the help of the smart phone where the credentials of bank details, card and internet banking information is stored. 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 mobile wallet market growth.

North America prevails over another region on account of its shift towards a digital economy. Europe is also showing robust mobile wallet market growth rate, followed by the Asia Pacific. Asian countries show high growth potential due to the adoption of smartphones.At present, in the UK more than 88% of consumer payments are made via cashless modes. In the U.S. 80% of the consumer are using online payment. Governments are supporting mobile wallet and have implemented policies to move their countries to cashless economies.

In the Asia Pacific, Japan, China and India are moving towards cashless countries. There is a high growth opportunity for mobile wallet due to increased adoption of the smartphone in this region. In India, after demonetization, online payment transfer has been increased drastically. Government supports the cashless country and digital country and such initiatives will fuel the growth of mobile wallet market. A company like paytm & freecharge revenue has doubled recently. All the countries are supporting online wallet payment which will help to track all type of transaction and lower the black money transactions.

The Global Mobile Wallet (NFC, Digital Wallet) research study is segmented by Types [Hardware, Software & Services] as well as by Applications [MNOs, Financial Institutions (Banks), Payment Network, Intermediaries, Merchants & Customers] with historical and future market size & % share along with the growth rate. Important geographical regions like United States, Europe, China, Japan, Southeast Asia, India & Central & South America and leading players such as MasterCard, Apple, Amazon, Square, Citibank, Citrus Payment, Dwolla, Merchant Customer Exchange, Visa, Microsoft, Sprint, First Data, Paytm, Samsung & Google are included. The report gives a clear idea about the growth factors, reasons for the upliftment/deterioration of Mobile Wallet (NFC, Digital Wallet) players in recent years, and different opportunities and strategies to expand the market.

To analyze different players of interest matching your business objectives from Mobile Wallet (NFC, Digital Wallet) industry by geography or a specific country; share customized requirements now.

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Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
- To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
- To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.

FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)

Geographically, the following regions together with the listed national/local markets are fully investigated:
• APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)

Strategic Points Covered in Global Mobile Wallet (NFC, Digital Wallet) Market Table of Content:
Chapter 1: Introduction, the basic information of the Global Mobile Wallet (NFC, Digital Wallet) Market & product overview
Chapter 2: Objective of Study and Research Scope of the Mobile Wallet (NFC, Digital Wallet) market
Chapter 3: Mobile Wallet (NFC, Digital Wallet) Market Dynamics- driving growth factors, disruptive forces, Trends, and Challenges & Opportunities
Chapter 4: Market Factor Analysis, Mobile Wallet (NFC, Digital Wallet) Value Chain, PESTEL & PORTER Model, Market Entropy, Patent/Trademark Analysis
Chapter 5: Player Analysis; Competitive Landscape, Peer Group Analysis of Mobile Wallet (NFC, Digital Wallet), Strategic Group Analysis, Perpetual Mapping, BCG Matrix & Company Profiling
Chapter 6: Displaying Market Revenue Size by Type, Application /vertical or end users, and other Segments (2023-2030)
Chapter 7: To evaluate the market by countries further broken down by countries (2023-2030)
Chapter 8: Research Methodology
Chapter 9: Data Source

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Thanks for reading Mobile Wallet (NFC, Digital Wallet) Industry Research Publication; you can also get individual country or region wise report versions like LATAM, Southeast Asia, MENA, North America, DACH, Western Europe, USA, Europe, or Asia Pacific.

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