Press release
Global Mobile Wallet Market Trends and Booming Growth At CAGR of 34.58% Over 2016-2020
About Mobile WalletsMobile wallets are electronic money accounts that can be maintained and used via cell phones and other mobile devices. These wallets help account holders pay bills or purchase goods online. Often, companies give offers and discounts to encourage customers to use these apps. Mobile wallets are based on technologies, such as near-field communication (NFC), and have revolutionized the digital payments market. There has been a rise in the number of point of sale (POS) terminals worldwide since the advent of this technology.
Technavios analysts forecast the global mobile wallet market to grow at a CAGR of 34.58% by revenue, during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global mobile wallet market for 2016-2020. To calculate the market size, the report considers the revenue generated from retail transactions sourced through mobile wallets.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
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Technavio's report, Global Mobile Wallet Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Apple
PayPal
Visa
Other prominent vendors
Airtel Money
Alipay
American Express
Bank of America
Citibank
Citrus Payment Solutions
Dwolla
First Data
LevelUp
LivQuik
MasterCard
MCX
Mobikwik
Vodafone
One97 communications
Oxigen
Softcard
Square
Starbucks
Tata Teleservices
Venmo
Y-Cash Software Solutions
ZipCash
ZipPay
Market driver
High transaction volumes through m-commerce
For a full, detailed list, view our report
Market challenge
Infrastructure inadequacies in developing countries
For a full, detailed list, view our report
Market trend
Rise in mobile Internet users
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analysts time when you purchase this market report. Details are provided within the report.
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