JSB Market Research - Mobile Wallet Market - Global Share, Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2012 - 2020
Mobile Wallet Market (Applications, Mode of Payment, Stakeholders and
Geography) - Global Share, Size, Industry Analysis, Trends, Opportunities,
Growth and Forecast, 2012 - 2020On 16th July 2014
On 16th July 2014
Summary The mobile wallet market has evolved as a result of advancements in the mobile phone technology and is expected to grow exponentially in near future, favored by continuous research and developments in the smartphone technology and lowering security concerns. The widespread smartphone adoption in developed markets and its increasing penetration levels in developing markets are influencing the growth of the mobile wallet market positively. Furthermore, growing adoption of NFC (near field communication) technology by retailers and consumers is expected to propel the growth of the mobile wallet market.
Mobile wallet allows consumers to pay by phone even during travel, from any location, anytime. It not only provides transaction facilities at affordable prices but also facilitates consumers to manage their accounts easily. While all these aspects are boosting the growth of the mobile wallet industry, consumers concerns related to security and technology infancy, plus investment and deployment issues are expected to impede the growth of the mobile wallet market. Although these restraints are prevalent, companies from the telecommunication industry are collaborating with each other to better serve the needs of their customers with new and improved product/service innovation.
The global mobile wallet market is expected to reach $5,250 billion by the end of 2020, growing at a
CAGR (compounded annual growth rate) of 127.5% from 2013 to 2020. The global mobile wallet market has been segmented in this report into applications, mode of payment, stakeholders and geography.
Email ID- contact@jsbmarketresearch.com
Tel No- 91 2241236650
Published by- http:/www.jsbmarketresearch.com/
The global mobile wallet applications market includes
Geography) - Global Share, Size, Industry Analysis, Trends, Opportunities,
Growth and Forecast, 2012 - 2020On 16th July 2014
On 16th July 2014
Summary The mobile wallet market has evolved as a result of advancements in the mobile phone technology and is expected to grow exponentially in near future, favored by continuous research and developments in the smartphone technology and lowering security concerns. The widespread smartphone adoption in developed markets and its increasing penetration levels in developing markets are influencing the growth of the mobile wallet market positively. Furthermore, growing adoption of NFC (near field communication) technology by retailers and consumers is expected to propel the growth of the mobile wallet market.
Mobile wallet allows consumers to pay by phone even during travel, from any location, anytime. It not only provides transaction facilities at affordable prices but also facilitates consumers to manage their accounts easily. While all these aspects are boosting the growth of the mobile wallet industry, consumers concerns related to security and technology infancy, plus investment and deployment issues are expected to impede the growth of the mobile wallet market. Although these restraints are prevalent, companies from the telecommunication industry are collaborating with each other to better serve the needs of their customers with new and improved product/service innovation.
The global mobile wallet market is expected to reach $5,250 billion by the end of 2020, growing at a
CAGR (compounded annual growth rate) of 127.5% from 2013 to 2020. The global mobile wallet market has been segmented in this report into applications, mode of payment, stakeholders and geography.
Email ID- contact@jsbmarketresearch.com
Tel No- 91 2241236650
Published by- http:/www.jsbmarketresearch.com/
The global mobile wallet applications market includes