Market Research Report
Mobile Wallet and Payment Technologies: Global Markets
|Published by||BCC Research||Product code||265538|
|Published||Content info||164 Pages
Delivery time: 1-2 business days
|Mobile Wallet and Payment Technologies: Global Markets|
|Published: March 28, 2019||Content info: 164 Pages||
The global market for mobile wallet and payment technologies should grow from $35.7 billion in 2018 to $138.5 billion by 2023 at a compound annual growth rate (CAGR) of 31.1% for the period of 2018-2023.
Mobile commerce as a segment of the global market for mobile wallet and payment technologies should grow from $16.7 billion in 2018 to $60.9 billion by 2023 at a CAGR of 29.6% for the period of 2018-2023.
Money transfer as a segment of the global market for mobile wallet and payment technologies should grow from $4.3 billion in 2018 to $18.9 billion by 2023 at a CAGR of 34.2% for the period of 2018-2023.
The scope of this study includes market information on mobile wallet and payment technologies and their key segments, including applications, modes of payment, stakeholders and regions. However, the scope of the mobile wallet market excludes online payments methods such as IMPS, NEFT and RTGS that are followed in banks; payments through debit or credit cards (electronic fund transfers at the point of sales); and online trading. The mobile wallet includes only payments made through exclusive service providers using a personalized mobile wallet account.
By application, the mobile wallet and payment technology market is segmented into mobile commerce (mobile shopping, mobile bill payments, hospitality, and mobile entertainment and event pay), mobile ticketing (such as tickets and boarding passes for trains, buses, other metro transit options and airplanes), mobile coupon, mobile transfer, mobile micropayment and others.
The market by mode of payment includes remote payment, which includes SMS and unstructured supplementary service data, and near-field communication (NFC), which includes NFC handsets, NFC chips and tags, NFC readers, NFC micro SD and NFC SIM/universal integrated circuit [UICC] cards.
In addition, the mobile wallet and payment technology market is segmented by stakeholders, including mobile network operators, handset and other hardware solution manufacturers, mobile payment networks and banks, operational support system (OSS) and business support system (BSS) solution providers, software developers and cloud computing, content and application aggregators, trusted service managers and other stakeholders.
The market breakdown by geographic region includes North America (U.S., Canada and Mexico); Europe, the Middle East and Africa (EMEA) (Germany, France, U.K., Italy and others), Asia-Pacific (China, India, Japan, Australia and others) and Rest of World (Argentina, Brazil and others).
The study undertakes an in-depth analysis of various market segments, and their revenue forecasts are given for all of the above-mentioned segments in the mobile wallet and payment technology market with estimated values derived from vendors' total revenue. Market estimates are provided for 2017 and 2018 and forecast for 2023.
The report also includes a discussion of the major players across each regional market. Further, it explains the major drivers, restraints and challenges, and technologies of the market. The report concludes with a special focus on patents and the vendor landscape, which includes detailed profiles of major vendors in the global mobile wallet and payment technology market. Some of the companies profiled in the report include Alphabet Inc., PayPal Holding Inc., Paytm Mobile Solutions Pvt. Ltd, Visa Inc., Apple Inc., Google, Mastercard, Alibaba Group and Samsung electronics. Co. Ltd.