Allen Bond

Global Mobile Wallet Market: Trends, Analysis and Forecast to 2021

Press Release   •   Feb 24, 2017 11:54 IST

Global mobile wallet market is expected to grow between 52% and 53% over the Forecast period from 2016 to 2021 .Growing number of tablet computer and smartphone users has significantly created the platform for the mobile wallet companies to penetrate the global market. The Global mobile wallet market is expected to be primarily driven by Factors such as Trending offers and promotional activities by market players, increasing number of smartphone users and Customer shift towards electronic money. However, the growth in Global mobile wallet market is likely to be hampered by factors such as Security concerns among consumers lack of awareness in emerging markets and Government support for cashless transactions and electronic money to encourage the transparency of financial transactions is augmenting the market size of mobile wallet. Several international as well as domestic players operate in this market across countries in the world; however large players such as PayPal, Visa and MasterCard hold a significant market share in the global mobile wallet market.

Geographic Coverage and Analysis:

Among the geographies Asia-Pacific is expected to be the largest market for mobile wallet market over the Forecast period from 2016 to 2021.

Furthermore, among the applications, Money Transfers segment is expected to grow at the highest CAGR over the Forecast period from 2016 to 2021 .The report covers the analysis of global as well as regional markets of mobile wallet market Moreover the report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand globally as well as regionally. Moreover, market attractiveness analysis given in the report brings an insight on the investment areas that existing or new market players can consider.

Report Highlights:

The report provides insights into the market using analytical tools such as Porter’s five forces analysis and value chain analysis of mobile wallet market .Moreover, the study highlights current market trends and provides forecast from 2016 to 2021.We also have highlighted future trends in the mobile wallet market that will impact the demand during the forecast period. The market attractiveness analysis provided in this report highlights key investing markets in the world. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players.

Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly.

Companies Profiled:

  • Amazon Inc
  • Visa Inc.
  • PayPal Inc.
  • Mastercard Inc.
  • American Express
  • Apple Inc
  • AT&T. Inc.
  • First Data
  • Blackberry Ltd.
  • ne97 Communications Ltd

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