Mobile Wallets Market (Digital Debit) Industry Scope of the Report:
The global Mobile Wallets market is valued at xx million USD in 2017 and is expected to reach xx million USD by the end of 2023, growing at a CAGR of xx% between 2017 and 2023.
The global mobile wallet market is expected to reach USD $$ billion by 2024, according to a new report by Planet Market Reports. Growing mobile penetration with improved payment infrastructure and data connectivity are expected to offer significant opportunity for the Global mobile wallet market. Increasing the application of mobile wallet which includes Apple Pay, Android Pay and Samsung Pay with the growing capability of paying through mobile phones, is expected to drive the market demand.
Increasing demand for enhanced government policies and security issues is expected to drive the market growth. Enterprises across the industries are developing and deploying new products for improving productivity with increased security. The increasing need for lowering cost of ownership and increased convenience need will continue to dictate the market development.
Growing development in NFC has encouraged consumers to use mobile devices for making small and large payments. Proliferation and adoption of mobile payments including digital wallets and usage of apps have encouraged the non-payment technology firms to enter into payment landscape such as American Express and Jawbone. According to the U.K. Cards Association, contactless payments in the region have surged to $$% high with $$ Billion of transactions.
The Asia-Pacific will occupy more market share in the following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role that cannot be ignored. Any changes from United States might affect the development trend of Mobile Wallets.
Europe also play important roles in the global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.
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This report studies the Mobile Wallets market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in the global market and splits the Mobile Wallets market by product type and applications/end industries.
Market Segment by Companies, this report covers
American Express US
Apple Inc. US
ATandT INC. US
Blackberry Ltd. Canada
First Data Corporation US
Google Inc. US
Sprint Corporation US
Samsung South Korea
MasterCard Incorporated US
Visa Inc US
Market Segment by Type, covers
Remote Payment
NFC
Market Segment by Applications can be divided into
E-Commerce
Ticketing
Mobile Coupon
Mobile Transfer
Micropayment
Market Segment by Regions, regional analysis covers
Regional Analysis: The major regions where Mobile Wallets market is concentrated include South America, Europe, Asia Pacific, North America, Middle East, and Africa. The key countries include Germany, Italy, France, UK, Russia, Turkey in Europe; United States, Canada, and Mexico in North America; China, Malaysia, Japan, India, Thailand, Philippines, Korea, Indonesia, Australia, Vietnam in Asia Pacific Region; Brazil in South America; GCC Countries, Argentina, UAE, Saudi Arabia, South Africa, Nigeria and Egypt in Middle East and Africa.
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Mobile Wallets Market Report Summary: In the first section, the Global Mobile Wallets Market report presents industry overview, definition, and scope. The second part briefs about the Global Mobile Wallets industry bifurcation by Type, Application and Geographical regions. The top industry players, revenue analysis, and sales margin are explained. The production and consumption scenario is specified.
The SWOT analysis by players, the growth rate for each type, application, and the region is covered. A 5-year forecast Global Mobile Wallets industry perspective will lead to profitable business plans and informed moves. Towards, the end data sources, research methodology, and findings are offered.
Geographic Analysis
- Further breakdown of the North American data-wrangling Market
- Further breakdown of the European Market
- Further breakdown of the APAC Market
- Further breakdown of the MEA Market
- Further breakdown of the Latin American Market
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