The report on Mobile Wallet Market by application (mobile commerce, mobile ticketing, mobile coupons,
mobile transfer), mode of payment (remote payment and NFC payment), stakeholders (MNOS, handset
manufacturers, OSS/BSS solution providers, software developers and aggregators) trends analysis and
forecasts up to 2023 studies the market sizes, key trends and opportunities in the main geographies such as
North America, Europe, Asia-Pacific, Rest of the World. According to the report the Global Mobile Wallet
Market is projected to grow at a CAGR of 32.2% in terms of value over the period of 2017-2023. The growth in
the world market is primarily driven by significant contribution by North America (Leading region) region to
this market.
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Market Insights:
The report identified that global mobile wallet is driven by factors such as high transaction volumes through
m-commerce, growing use of smartphone users, and, high Internet penetration worldwide. While the
restraining factors include the growth of the mobile wallet industry, and investment and deployment issues.
Further, the report identifies the opportunities in the world market as customer communications highly
personalized, and connected and real-time marketing offers.
The mobile wallet is a type of payment service by which anyone can receive and send money via mobile
devices. A mobile wallet is a form of e-commerce model that is made to be used with mobile devices and
offers convenience and easy access. It provides service of the online transaction for every single operation in a
routine. Mobile wallet offers various facilities such as debit, credit and online transaction from a bank account.
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