Welcome!

API Journal Authors: Elizabeth White, Liz McMillan, David Balaban, 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
The IoT has the potential to create a renaissance of manufacturing in the US and elsewhere. In his session at 18th Cloud Expo, Florent Solt, CTO and chief architect of Netvibes, will discuss how the expected exponential increase in the amount of data that will be processed, transported, stored, and accessed means there will be a huge demand for smart technologies to deliver it. Florent Solt is the CTO and chief architect of Netvibes. Prior to joining Netvibes in 2007, he co-founded Rift Technol...
Join IBM June 8 at 18th Cloud Expo at the Javits Center in New York City, NY, and learn how to innovate like a startup and scale for the enterprise. You need to deliver quality applications faster and cheaper, attract and retain customers with an engaging experience across devices, and seamlessly integrate your enterprise systems. And you can't take 12 months to do it.
This is not a small hotel event. It is also not a big vendor party where politicians and entertainers are more important than real content. This is Cloud Expo, the world's longest-running conference and exhibition focused on Cloud Computing and all that it entails. If you want serious presentations and valuable insight about Cloud Computing for three straight days, then register now for Cloud Expo.
IoT device adoption is growing at staggering rates, and with it comes opportunity for developers to meet consumer demand for an ever more connected world. Wireless communication is the key part of the encompassing components of any IoT device. Wireless connectivity enhances the device utility at the expense of ease of use and deployment challenges. Since connectivity is fundamental for IoT device development, engineers must understand how to overcome the hurdles inherent in incorporating multipl...
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, will discuss how research has demonstrated the value of Machine Learning in delivering next generation analytics to im...
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, will discuss how leveraging the Industrial Interne...
The paradigm has shifted. A Gartner survey shows that 43% of organizations are using or plan to implement the Internet of Things in 2016. However, not just a handful of companies are still using the old-style ad-hoc trial-and-error ways, unaware of the critical barriers, paint points, traps, and hidden roadblocks. How can you become a winner? In his session at @ThingsExpo, Tony Shan will present a methodical approach to guide the holistic adoption and enablement of IoT implementations. This ov...
SYS-CON Events announced today that Stratoscale, the software company developing the next generation data center operating system, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Stratoscale is revolutionizing the data center with a zero-to-cloud-in-minutes solution. With Stratoscale’s hardware-agnostic, Software Defined Data Center (SDDC) solution to store everything, run anything and scale everywhere...
Angular 2 is a complete re-write of the popular framework AngularJS. Programming in Angular 2 is greatly simplified – now it's a component-based well-performing framework. This immersive one-day workshop at 18th Cloud Expo, led by Yakov Fain, a Java Champion and a co-founder of the IT consultancy Farata Systems and the product company SuranceBay, will provide you with everything you wanted to know about Angular 2.
Digital payments using wearable devices such as smart watches, fitness trackers, and payment wristbands are an increasing area of focus for industry participants, and consumer acceptance from early trials and deployments has encouraged some of the biggest names in technology and banking to continue their push to drive growth in this nascent market. Wearable payment systems may utilize near field communication (NFC), radio frequency identification (RFID), or quick response (QR) codes and barcodes...
SYS-CON Events announced today that Men & Mice, the leading global provider of DNS, DHCP and IP address management overlay solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The Men & Mice Suite overlay solution is already known for its powerful application in heterogeneous operating environments, enabling enterprises to scale without fuss. Building on a solid range of diverse platform support,...
You deployed your app with the Bluemix PaaS and it's gaining some serious traction, so it's time to make some tweaks. Did you design your application in a way that it can scale in the cloud? Were you even thinking about the cloud when you built the app? If not, chances are your app is going to break. Check out this webcast to learn various techniques for designing applications that will scale successfully in Bluemix, for the confidence you need to take your apps to the next level and beyond.
The increasing popularity of the Internet of Things necessitates that our physical and cognitive relationship with wearable technology will change rapidly in the near future. This advent means logging has become a thing of the past. Before, it was on us to track our own data, but now that data is automatically available. What does this mean for mHealth and the "connected" body? In her session at @ThingsExpo, Lisa Calkins, CEO and co-founder of Amadeus Consulting, will discuss the impact of wea...
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, will provide tips on how to be successful in large scale machine lear...
SYS-CON Events announced today that Ericsson has been named “Gold Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Ericsson is a world leader in the rapidly changing environment of communications technology – providing equipment, software and services to enable transformation through mobility. Some 40 percent of global mobile traffic runs through networks we have supplied. More than 1 billion subscribers around the world re...
SYS-CON Events announced today that Fusion, a leading provider of cloud services, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Fusion, a leading provider of integrated cloud solutions to small, medium and large businesses, is the industry's single source for the cloud. Fusion's advanced, proprietary cloud service platform enables the integration of leading edge solutions in the cloud, including cloud...
The IETF draft standard for M2M certificates is a security solution specifically designed for the demanding needs of IoT/M2M applications. In his session at @ThingsExpo, Brian Romansky, VP of Strategic Technology at TrustPoint Innovation, will explain how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.
There is an ever-growing explosion of new devices that are connected to the Internet using “cloud” solutions. This rapid growth is creating a massive new demand for efficient access to data. And it’s not just about connecting to that data anymore. This new demand is bringing new issues and challenges and it is important for companies to scale for the coming growth. And with that scaling comes the need for greater security, gathering and data analysis, storage, connectivity and, of course, the...
We’ve worked with dozens of early adopters across numerous industries and will debunk common misperceptions, which starts with understanding that many of the connected products we’ll use over the next 5 years are already products, they’re just not yet connected. With an IoT product, time-in-market provides much more essential feedback than ever before. Innovation comes from what you do with the data that the connected product provides in order to enhance the customer experience and optimize busi...