According to a recently published report, the Global Mobile Wallet Market is expected to grow at the CAGR of 38.5% during 2015-2022 and it is estimated to be $2.1 billion by 2022. The global mobile wallet market is segmented on the basis of industry applications and geography. The report on Global Mobile Wallet Market Forecast 2015-2022 provides detailed overview and predictive analysis of the market.
The global mobile wallet market is expected to grow exponentially due to huge adoption of smartphone and increase in mobile commerce market. The increasing demand for online tickets, transaction and money transfer are major drivers for the adoption of mobile wallet products. Mobile wallet products enable the client to transfer money across the borders as a result it has significant scope in the unbanked population.
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Mobile wallet market is expected to contribute highest in North America followed by Europe. The global rise in smartphone user is expected to create huge scope for mobile wallet market. The launch of new products and services by mobile wallet companies are expected to boost the market significantly in the next few years. American Express, Apple Pay, AT&T, PayPal, is the leading companies in the global mobile wallet market.
The major players profiled in the report include MasterCard, M-Pesa, Alipay, VISA, Softcard, Airtel money, Bank of America, China UnionPay, Current C, Dwolla Corp, Blackberry, First Data, Google, Sprint, Samsung and so on. Mergers and acquisition and partnerships are the key winning strategy of the market.
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Scope of the report
- Global mobile wallet market by application 2012-2022 ($ billion)
1.1. Mobile Commerce
1.2. Mobile ticketing
1.3. Rail, metro and bus ticket market
1.4. Airline tickets and boarding passes market
1.5. Mobile coupons
1.6. Transfer market
1.7. Micro payment
- Global mobile wallet industry regional outlook 2012-2022 ($ billion)
2.1. North America
2.3. Asia Pacific
2.4. Middle East & Africa
2.5. Central & South America
- Competitive Landscape
3.1. American Express
3.2. Apple Pay
3.5. First Data
3.14. Airtel money
3.15. Bank of America
3.16. China Unionpay
3.17. Current C
3.18. Dwolla Corp
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