Mobile Wallet Market Size & Share Worth USD 3142.17 billion by 2022

Zion Market Research's picture
Printer-friendly versionPrinter-friendly version

According to the report, the global mobile wallet market was valued at approximately USD 594.00 billion in 2016 and is expected to reach approximately USD 3,142.17 billion by 2022, growing at a CAGR of around 32 percent between 2017 and 2022.



Sarasota, Florida, United States., December 5, 2017 - (PressReleasePoint) - 

Zion Market Research has published a new report titled “Mobile Wallet Market (NFC, Remote Wallet) for Retail payments Vending machines Public transportation, Restaurants and other application - Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2016 - 2022”. According to the report, the global mobile wallet market size was valued at approximately USD 594.00 billion in 2016 and is expected to reach approximately USD 3,142.17 billion by 2022, growing at a CAGR of around 32% between 2017 and 2022.

Worldwide adoption of smartphones and technological advancements are influencing the growth of mobile wallet market. The mobile wallet is a type of payment service by which anyone can receive and send money via mobile devices. A mobile wallet is a form of e-commerce model that is made to be used with mobile devices and offers convenience and easy access. It provides service of the online transaction for every single operation in a routine. Mobile wallet offers various facilities such as debit, credit and online transaction from a bank account.

Request Free Sample copy of Research Report @ https://www.zionmarketresearch.com/sample/mobile-wallet-market

In 2015, consumer spent USD 610 billion on all forms of mobile transaction globally. Increasing mobile internet users has encouraged the new player to enter the market to provide e-commerce services. This will fuel the growth of mobile wallets during the forecast period, as users will be able to make instant purchases online. High transaction volumes through m-commerce, growing use of smartphone users and high Internet penetration worldwide are key drivers of the market growth. However, higher initial investment and rise in online frauds is expected to impact the growth of mobile wallet market.

The global mobile wallet market share has been segmented as per applications, product, and geography. Product segments cover NFC and remote payment methods. The remote mobile wallet segment has generated the highest revenue in 2016 and anticipated to maintain its dominance throughout the forecast period due to payment availability globally. NFC product type is expected to have highest growth rate with the increasing penetration of NFC-enabled smartphones across all the regions. The product flexibility for converting the devices to NFC-enabled is expected to drive the market growth. North America dominated the global mobile wallet market due to its efforts of making the digital economy. Europe is also growing with a strong CAGR followed by Asia Pacific. Asia Pacific shows high growth potential due to high adoption of smartphones.

Browse the full "Mobile Wallet Market (NFC, Remote Wallet) for Retail payments Vending machines Public transportation, Restaurants and other application - Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2016 - 2022" report at https://www.zionmarketresearch.com/report/mobile-wallet-market

Key industry participants operating in the global mobile wallet market include American Express, Apple Inc., Amazon.com inc.,  Bank of America, Citibank, Citrus Payment Solutions, Dwolla, MasterCard, Visa, AT&T, Sprint, First Data, BlackBerry, Samsung, Google, Paytm, and others.

For media inquiry contact to sales team @ sales@zionmarketresearch.com

About ZMR:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.


Press Contact:
Allan Leonetti
4283, Express Lane, Suite 634-143, Sarasota
3863103803
*****.*@z**n**r**t**s**r**.com
Email partially hidden to block spam. Please use the contact form here.
Contact Allan Leonetti
Email the contact person for this press release. Do not send spam or irrelevant message.
6 + 3 =


Copy this html code to your website/blog to embed this press release.

Comments

Post new comment

1 + 1 =

To prevent automated spam submissions leave this field empty.