Welcome!

API Journal Authors: Liz McMillan, Pat Romanski, Elizabeth White, Kevin Benedict, Anders Wallgren

News Feed Item

Global Mobile Wallet Market: Reports and Intelligence

PORTLAND, Oregon, April 1, 2014 /PRNewswire/ --

Mobile wallet market set to register 127.5% CAGR in next seven years on account of growing smartphonesadoption. 

Reports and Intelligence today added a new study on "Mobile Wallet Market (Applications, Mode of Payment, Stakeholders and Geography) - Global Share, Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2012 - 2020" (http://www.reportsandintelligence.com/mobile-wallet-market) to their offerings and is now available for purchase.

The analysts of the report predict that the mobile wallet market will witness an exponential growth during 2013 and 2020 to be worth $5.3 trillion in 2020; registering a CAGR of 127.5% during the forecast period. Mobile network operators will be most benefitted with wave and will bag largest chunk of the revenue, while OSS/BSS solution providers, handset and other hardware solution manufacturers, software developers and cloud computing companies, and content and applications aggregators will have their chunk of shares. The key vendors who have established their dominance include, ISIS, MasterCard Inc., PayPal Inc., and Visa Inc., American Express Serve, Citibank NA and Google Inc.

Strides in mobile phone technology have increased the scope of mobile wallet market. Its scope is further expected to increase due to continuous research and developments in the smartphone technology and enhanced security levels. Increasing forays of Smartphones in developing countries and widespread popularity in developed countries are working in the favor of global mobile wallet market. Further, the mobile wallet market would grow exponentially due to inclination of consumers and retailers for NFC (Near Filed Communication).

Mobile wallet is handy to use and also accessible anytime, anywhere. Apart from providing economical transaction facility, it also helps users to maintain account details. However, factors such as security, high investment cost, lack of technological understanding by consumers would prove to be detrimental for mobile wallet market.  Even though such limitations work against the growth of the market, many industry players are teaming up to study and provide an enhanced product in order to provide quality service to customers and fulfill their needs.

As per the report, global mobile wallet applications market is segmented based on mobile commerce, mobile coupons, mobile ticketing, micropayments and mobile transfers. Further, depending upon the mode of payment, the global mobile market consists of remote and NFC payments. Down the hierarchy, NFC mobile payment is categorized into NFC handsets, NFC tags and chips Micro SD, readers and NFC SIM/UICC card.

Also, global mobile wallet market stakeholders comprise of mobile network operators (MNOs), handset manufacturers, software developers, content applications and aggregators, OSS/BSS solution providers, and other stakeholders.

In terms of geographical locations, report segments global mobile wallet market into North America, EMEA, Asia Pacific and Latin America. Presently, Asia Pacific leads the global mobile wallet market, followed by EMEA and North America. Further, the report forecasts Asia Pacific region to have the highest share in global mobile wallet market during 2013 to 2020. This can be credited to factors such as increasing popularity of Smartphones, popularizing m-payments and m-banking and rising technological competence.

KEY BENEFITS OF THE REPORT 

  • This report provides market intelligence with respect to applications, mode of payment, stakeholders and geographies
  • Deep dive of top factors impacting the market growth
  • Value chain analysis, Porter's five forces, top investment pockets are analyzed and presented in detail in the report
  • SWOT analysis and strategic developments are included in the report for key players
  • Study the challenges and opportunities available in the mobile wallet market
  • Derive market estimates for mobile wallet market and its sub-segments
  • Analyze the key strategies adopted by major market players engaged in the market
  • Analyze the market factors in various geographic regions and understand business opportunities
  • Assess and rank the top factors that are expected to affect the growth of the market

MARKET SEGMENTS 

GLOBAL MARKET, BY APPLICATION 

  • Mobile Commerce Market
    • Mobile Wallet Shopping Market
    • Mobile Wallet Bill Payments Market
    • Mobile Wallet Hotel Booking and Payments Market
    • Mobile Wallet Entertainment and Event Pay Market
  • Mobile Ticketing Market
    • Rail, Metro and Bus Tickets
    • Airline Tickets and Boarding Passes
  • Mobile Coupons Market
  • Mobile Transfers Market
  • Micropayments

GLOBAL MARKET, BY MODE OF PAYMENT 

  • Remote Payment
  • NFC Payment
  • NFC Product Market

GLOBAL MARKET, BY STAKEHOLDERS 

  • Mobile Network Operators (MNOs)
  • Handset and other Hardware Solution Manufacturers
  • OSS/BSS Solution Providers
  • Software Developers and Cloud Computing
  • Content and Applications Aggregators
  • Other Stakeholders

GLOBAL MARKET, BY GEOGRAPHY 

  • North America
  • Europe
  • Asia-Pacific
  • RoW

Explore more reports on ICT & Media market at: http://www.reportsandintelligence.com/information-and-communication-technology-and-media-market-report

This report is available at 15% discount till April 30, 2014. Use promo code PRN15APR at checkout to avail instant discount.

About Us: 

Reports and Intelligence is an online platform which brings you well researched reports with unparalleled quality anywhere. All those trying to find reports with proper analysis; we assure you to forget all the worries and needs as soon as you land on our website, because of a strong belief that we will carter to your needs exactly the way you want us to. Here you will discover research reports of diverse fields that will help your business explore new avenues.

Contact:
Sona Padman
5320 SW Macadam Avenue,
Suite 100,
Portland, OR 97239,
United States
+1-(855)-711-1555 (Toll Free)
+1-(617)-674-4143 (Int'l)
Email: [email protected]
Blog: http://reportsandintelligence.blogspot.com


SOURCE Reports and Intelligence

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
When people aren’t talking about VMs and containers, they’re talking about serverless architecture. Serverless is about no maintenance. It means you are not worried about low-level infrastructural and operational details. An event-driven serverless platform is a great use case for IoT. In his session at @ThingsExpo, Animesh Singh, an STSM and Lead for IBM Cloud Platform and Infrastructure, will detail how to build a distributed serverless, polyglot, microservices framework using open source tec...
IoT offers a value of almost $4 trillion to the manufacturing industry through platforms that can improve margins, optimize operations & drive high performance work teams. By using IoT technologies as a foundation, manufacturing customers are integrating worker safety with manufacturing systems, driving deep collaboration and utilizing analytics to exponentially increased per-unit margins. However, as Benoit Lheureux, the VP for Research at Gartner points out, “IoT project implementers often ...
Basho Technologies has announced the latest release of Basho Riak TS, version 1.3. Riak TS is an enterprise-grade NoSQL database optimized for Internet of Things (IoT). The open source version enables developers to download the software for free and use it in production as well as make contributions to the code and develop applications around Riak TS. Enhancements to Riak TS make it quick, easy and cost-effective to spin up an instance to test new ideas and build IoT applications. In addition to...
Presidio has received the 2015 EMC Partner Services Quality Award from EMC Corporation for achieving outstanding service excellence and customer satisfaction as measured by the EMC Partner Services Quality (PSQ) program. Presidio was also honored as the 2015 EMC Americas Marketing Excellence Partner of the Year and 2015 Mid-Market East Partner of the Year. The EMC PSQ program is a project-specific survey program designed for partners with Service Partner designations to solicit customer feedbac...
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, discussed how research has demonstrated the value of Machine Learning in delivering next generation analytics to imp...
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his Day 2 Keynote at @ThingsExpo, Henrik Kenani Dahlgren, Portfolio Marketing Manager at Ericsson, discussed how to plan to cooperate, partner, and form lasting all-star teams to change t...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
There are several IoTs: the Industrial Internet, Consumer Wearables, Wearables and Healthcare, Supply Chains, and the movement toward Smart Grids, Cities, Regions, and Nations. There are competing communications standards every step of the way, a bewildering array of sensors and devices, and an entire world of competing data analytics platforms. To some this appears to be chaos. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, Bradley Holt, Developer Advocate a...
Connected devices and the industrial internet are growing exponentially every year with Cisco expecting 50 billion devices to be in operation by 2020. In this period of growth, location-based insights are becoming invaluable to many businesses as they adopt new connected technologies. Knowing when and where these devices connect from is critical for a number of scenarios in supply chain management, disaster management, emergency response, M2M, location marketing and more. In his session at @Th...
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, explored the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences between wh...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
There is little doubt that Big Data solutions will have an increasing role in the Enterprise IT mainstream over time. Big Data at Cloud Expo - to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA - has announced its Call for Papers is open. Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is...
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...