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The increasing use of internet network all over the world coupled with advancements in this network such as 3G and 4G are the major factors driving the global mobile wallet market. Mobile wallet, also termed as electronic wallet, provides the reliability to the consumers to make payments and purchases electronically.

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Global mobile wallet market size share analysis growth trends and forecasts 2012 to 2020 hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

Mobile Wallet Market Research Report - Global Industry Analysis,

Growth and Forecast, 2012 - 2020: Hexa Research

The increasing use of internet network all over the world coupled with advancements in this

network such as 3G and 4G are the major factors driving the global mobile wallet market.

Mobile wallet, also termed as electronic wallet, provides the reliability to the consumers to make

payments and purchases electronically. Generally, mobile wallets provide the storage of

credentials through cloud or on device, which can be later used to make payments. The

electronic mobile wallet also provides the integration of coupons, cards and multiple tickets

which reduces the hassle of keeping multiple cards. The rapidly increasing usage of

smartphones is also a factor propelling the mobile wallet market. The continuous advancements

in Near Field Communication (NFC) technology and safe payment methods are the factors

expected to further fuel the global mobile wallet market.

Browse Detail Report with TOC @http://www.hexaresearch.com/research-report/mobile-

wallet-industry/

Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


Global mobile wallet market size share analysis growth trends and forecasts 2012 to 2020 hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

The mobile wallet payment on the basis of transaction targets is divided into person to person

(P2P) payment and customer to business (C2B) payment. On the basis of communication

range, it is divided into remote payment and proximity payment. Proximity payment is a

contactless payment method where a user makes payment through short range communication

technologies such as infrared, Bluetooth, RFID and Near Field Communication (NFC). Remote

payment is the process where the user makes payment through mobile devices and operates

back end system of mobile payment through communication networks. The increasing

smartphone penetration, advancements in internet network and the rapid growth of internet

based mobile applications are the major factors driving the mobile wallet remote payment

market. The global mobile wallet market on the basis of application is segmented into grocery

stores, restaurants, vending machines and public transportation. The retail application of mobile

wallet is expected to witness lucrative growth. Various initiatives undertaken for the retail

application of mobile wallet to provide easy payment options and POS devices to the retail

stores using smart phones is the key factor driving the growth of mobile wallet market in retail

application. It also stores and organizes the transaction receipts at a retailer. Moreover, Visa

and MasterCard are taking various initiatives to install POS NFC payment terminal, new chip

based cards and magnetic stripe wipes which are expected to propel the mobile wallet market

over the forecast period. The vending machines segment is another significant area for the

mobile wallet technology which is also expected to impact the growth of mobile wallet market in

a positive way. The vending machines provide benefits such as flexible payment services and

efficient brand recall value to the merchants as well as providers.

For press release on “Mobile Wallet Market” @http://www.hexaresearch.com/press-

release/global-mobile-wallet-industry/

The entire mobile wallet market is segmented on the basis of regions into North America,

Europe, Asia Pacific and RoW. As of 2013, North America dominated the global mobile wallet

attributing the largest market share in terms of revenue. The increased usage of smartphones

and early adoption of advanced internet services such as 3G and 4G are the major factors

fueling the mobile wallet market in this region. Various government initiatives and regulations for

Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


Global mobile wallet market size share analysis growth trends and forecasts 2012 to 2020 hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

the online payment services are some of the factors expected to further fuel the mobile wallet

market in this region. Asia Pacific is expected to witness a lucrative growth over next six years

owing to the rapidly increasing awareness about mobile wallet and online payment services and

increasing smart phone usage in this region. Mobile wallet market is witnessing huge

opportunities and a strong momentum in the newly emerging countries such as China and India.

The key players in the global mobile wallet market are differentiated on the basis of their role in

the market. The major stakeholders in the market include customers, merchants, intermediaries,

payment network, financial institutions and mobile network operators. Some of the key players

in the market include Paypal Inc., MasterCard, ISIS, Googe, First Data, BlackBerry, Apple Inc.

and American Express Inc.

Table of Contents:

Chapter 1 Executive Summary

1.1 Mobile Wallet- Industry Summary & Critical Success Factors (CSFs)

Chapter 2 Mobile Wallet Industry Outlook

2.1 Market Segmentation

2.2 Market Size and Growth Prospects

2.3 Mobile Wallet Value Chain Analysis

2.4 Mobile Wallet Market Dynamics

2.4.1 Key Driver Analysis

2.4.1.1 Increasing smartphone penetration

2.4.1.2 Advent of NFC technology

2.4.2 Key Restraint Analysis

2.4.2.1 Security concerns

2.4.2.2 High investment and deployment issues

2.5 Key Opportunities Prioritized

2.6 Industry Analysis - Porter's

Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


Global mobile wallet market size share analysis growth trends and forecasts 2012 to 2020 hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

2.7 Mobile Wallet - Key Company Analysis, 2013

2.8 Mobile Wallet - PESTEL Analysis

Browse Related Category Market Reports @https://www.hexaresearch.com/research-

category/technology-industry

About Us:

Hexa Research is a market research and consulting organization, offering industry reports,

custom research and consulting services to a host of key industries across the globe. We offer

comprehensive business intelligence in the form of industry reports which help our clients obtain

clarity about their business environment and enable them to undertake strategic growth

initiatives.

Contact Us:

Ryan Shaw

Hexa Research

Felton Office Plaza

6265 Highway 9

Felton, California 95018

United States

Phone: +1-800-489-3075

Email: [email protected]

Website - http://www.hexaresearch.com/

Follow us on Linkedin: https://www.linkedin.com/company/hexa-research

Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


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