The Mobile Wallet Market is projected to grow at a
CAGR of 40% during the forecast period. As per the mobile wallet market research
report, the global market for mobile wallet is projected to grow swiftly by
US$5 billion by 2022. According to analysts, governments across the world
promoting digital economy as well as increasing uses of smartphones will drive
the market growth during the forecast period. The mobile wallet market research
report offers a comprehensive analysis of the global mobile wallet market and
its mode of payment and type segments. The growing security proliferation along
with concerns regarding security are the elements that could influence the
mobile wallet market advancement throughout the forecast period. The mobile
wallet market research report by expert analysts is developed to assist
organizations in the mobile wallet market.
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Market Segmentation
The global mobile wallet market has been segmented
based on mode of payment and type. On the basis of mode of payment, the market
for mobile wallet is segmented based on remote payment and NFC among others.
Additionally, the market on the basis of type, is segmented into micropayment,
mobile coupon, mobile transfer, ticketing, e-commerce, among others.
Major elements such as privacy and data safety
issues could obstruct the mobile wallet market growth. However, according to
the mobile wallet market research report, the growing e-commerce industry along
with NFC chip enabled smartphones will propel growth throughout the forecast
period. The mobile wallet market is set to register growth at a high CAGR owing
to these key factors. The exploration of mode of payment and type segments
along with regional markets has been given in the global mobile wallet market
research report. The research analysts studying the mobile wallet market have
put out market forecasts in the mobile wallet market research report in order
to support mobile wallet market-based companies. The mobile wallet market
research report provides an extensive understanding of the mobile wallet market
based on the information and forecasts till 2022.
Regional Overview
North America, Europe, Asia Pacific and the rest of
the world regional market for mobile wallet are predominantly covered in the
global mobile wallet market research report. Country-level mobile wallet
markets spread across North America – the United States, Canada, and Mexico are
also covered in the report. In South America – Brazil and other country-level
mobile wallet markets are covered in the report. In Asia-Pacific (APAC) region,
the country-level mobile wallet markets covered are Japan, India, China, and
others. The mobile wallet market research report also explores the regional
market for mobile wallet present in Europe in the United Kingdom, France,
Italy, Spain, and Germany, etc. The mobile wallet market research report also
covers regional markets from the rest of the world alongside mobile wallet
markets of Africa and the Middle East.
Competitive Landscape
High number of smartphone users are presumed to
drive the mobile wallet market growth worldwide. The global mobile wallet
market could be challenged by high cost maintenance, nevertheless,
organizations in the mobile wallet market will carry the growth rate forward.
The mobile wallet market research report presents company profiles of major
companies active in the mobile wallet market globally. Furthermore, the global
mobile wallet market report offers an all-inclusive analysis of the market
collected from the mobile wallet market’s primary and secondary sources
covering both decision makers and thought leaders. The mobile wallet market
research report highlights such key areas assisting businesses operating in the
mobile wallet market to build better growth strategies.
Industry News
At the Saudi Entertainment and Entertainment Show
(SEA) 2020, Embed, a leading worldwide provider of point of sales and revenue
management systems, will introduce the Mobile Wallet. The Mobile Wallet has the
ability to connect a virtual game card to the Apple Wallet or Google Play so
that games are played seamlessly. It functions like a game card, however,
allowing customers to tap and refill the wallet without leaving the game. It
also helps operators to learn the behavior, usages, and spending patterns of
customers.
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