Global Mobile Wallet Market 2019 - Drivers, Challenges and Trends Analysis and Forecasts

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Mar 12, 2015, 12:00 ET

DALLAS, March 12, 2015 /PRNewswire/ --

RnRMarketResearch.com adds Global Mobile Wallet Market 2015-2019 report to its store. The report covers the market landscape and lists growth prospects. The report includes a discussion of the key vendors operating in this market.

The perceived benefits of mobile wallets are boosting market projections in the Global Mobile Wallet Market, which is expected to grow at a CAGR of 36.8% from 2014-2019. The latest report highlights the fact that mobile wallets eliminate the need to carry physical wallets while on the go. Mobile wallets ensure more security than cards or carrying cash, especially when traveling, and also offer many other benefits like remote locking, data encryption, memory protection and password control.

With mobile wallets, the cash is stored on the mobile device, which bypasses the bank in the transaction and reduces the transaction failure rate significantly.

Mobile wallets are electronic accounts that enable people to manage their bank accounts through their cell phones. Their working is based on the NFC technology. They are considered a revolutionary trend in the Digital Payments industry. One can make bill payments and online purchases, while on the go. Increased adoption of smartphones, tablets, and other mobile technologies has transformed the ways in which customers make payments. Java-enabled and internet-based phones were used sparingly before the advent of smartphones because their usage was limited to SMS and calling options. Carrier charges were high during that time, which had led to reduced usage of mobile wallet services. In recent times, high competition in the Telecom market and an increase in adoption of smartphones and value-added services have propelled overall market growth considerably.

Furthermore, the Global Mobile Wallet Market 2015-2019 report emphasizes the increased awareness about mobile wallets among consumers, which is expected to help sustain market projections through the forecast period. The average consumer is becoming savvier with regards to NFC, and other technology necessary for mobile wallet-based transactions.

Increased awareness and the overall convenience of the technology is expected to increase the adoption of m-commerce, thus leading overall growth in the Global Mobile Wallet Market in the coming years.

This report covers the present scenario and the growth prospects of the Global Mobile Wallet market for the period 2015-2019. To calculate the market size, the report considers the total revenue generated from retail transactions. These transactions include mobile commerce transactions, mobile ticketing and purchase of mobile coupons, money transfer, and micropayments.

The report Global Mobile Wallet Market 2015-2019 has been prepared based on an in-depth market analysis with inputs from industry experts. It also covers the market landscape and lists growth prospects. The report includes a discussion of the key vendors operating in this market.

Order a copy of this report at http://www.rnrmarketresearch.com/contacts/purchase?rname=310402.

Key Information Covered in the Report:

Market segmentation, size and forecast through 2019

Market Growth Drivers: Increased Benefits of Mobile Wallets

Market Challenges: Infrastructure Inadequacies

Market Trends: Increased Awareness about Mobile Wallets

Key Vendors: Amazon.com Inc., Apple Inc., Citrus Payment Solutions PTE., First Data Corp.

Other Prominent Vendors: airtel Money, Alipay, Bank of America, Dwolla

List of Exhibits:

Exhibit 1: Market Research Methodology
Exhibit 2: Service Offering through Mobile Wallet
Exhibit 3: Mobile Wallet Market in India 2014-2019 (US$ billion)
Exhibit 4: Mobile Wallet Market in India 2014-2019 (million)
Exhibit 5: Global Mobile Wallet Market Segmentation by Application 2014
Exhibit 6: Global Mobile Wallet Market by Geographical Segmentation 2014 & 2019 (US$ billion)
Exhibit 7: Global Mobile Wallet Market by Geographical Segmentation 2014 & 2019
Exhibit 8: US GDP Growth Rate 2008-2013 (US$ billion)
Exhibit 9: Contribution of Various Sectors to US GDP 2013
Exhibit 10: US GDP per Capita 2008-2013 (US$)
Exhibit 11: US Population 2008-2013 (in million)
Exhibit 12: US Population by Age Structure 2013 (in million)
Exhibit 13: Federal Fund Interest Rate in US 2008-2013
Exhibit 14: Inflation Rate in US 2008-2013
Exhibit 15: Global m-commerce Market 2014-2019 (US$ billion)
Exhibit 16: Smartphone and Tablet Shipment 2013-2018 (million units)
Exhibit 17: Global Internet Penetration 2014
Exhibit 18: Global 3G/4G Subscriptions (billion) and Mobile Data Consumption (petabytes) 2013 and 2018
Exhibit 19: Number of 2G, 3G, and 4G Global Mobile Connections 2014-2019
Exhibit 20: Mobile Phone Internet Users 2014-2019 (billion). And more.

Other Related Reports:

Mobile Wallet Market in Europe 2015-2019: Analysts forecast the Mobile Wallet market in Europe to grow at a CAGR of 32.87% over the period 2014-2019. The report covers the present scenario and the growth prospects of the Mobile Wallet market in Europe during the period 2015-2019. To calculate the market size, the report considers the total revenue generated from retail transactions sourced through mobile devices. These transactions include mobile commerce transactions, mobile ticketing, mobile coupons, money transfer, and micropayments.

Key Vendors: EE, MasterCard, PayPal, Visa, Weve

Other Prominent Vendors: Apple, Google, iZettle, Masterpayment, Payleven, SumUp Payments, VocaLink

Explore Other Reports on Wireless Payment at http://www.rnrmarketresearch.com/reports/information-technology-telecommunication/wireless/mobile/mobilewireless-payment.

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