Million Insights
Market Research Released A New Research Report On Global Mobile Wallet Market -
Forecast Up To 2025. Report Provide Overview Of Top Key Players, Share
Analysis, Size, Stake, Progress, Trends And Their Strategic Profiling In The
Market, Comprehensively Analyzing Their Core Competencies, And Drawing A
Competitive Landscape For The Market.
Pune, India: November
1, 2019 - Mobile Wallet Market or digital
wallet industry in near future. In 2015, mobile wallet market size was valued
USD 592.45 billion worldwide. The boundless Smartphone use and its increasing
penetration level will favour mobile wallet market. The market has emerged as a
result of technological advancement which enhances customer experience.
Consumer payment credentials are saved and are made available at point of sale.
NFC has made significant change in payment technologies.
Mobile wallet market allows consumers to manage their account
and transaction from any location at affordable price. Banks, technology
vendors and payment service providers in association with main players are
developing platform and infrastructure to reinforce customer experience. To
differentiate the business from competitors key players have provided features
such as mobile vouchers and services, digital charity scheme, dynamic currency
conversion. Value added service (VAS) is acting as driving force for cashless
payment.
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visit @ https://www.millioninsights.com/industry-reports/mobile-wallet-market/request-sample
In 2014 mobile wallet segment had generated highest revenue
and throughout the forecasted period it will dominate the market due to
increase in cashless payment over a communication network.
By 2024, Asia pacific region is predicted to generate key
revenue and will have highest share among other regions. Large number of
service providers and consumer preferences in this region are important factors
for growth of mobile wallet market. In countries like India and China due to
increase in disposable income and consumer needs mobile wallet market will have
significant growth over the forecasted period.
"Government
initiatives for modernizing the transportation and adoption of advanced
technology has contributed public transportation application to have highest
growth over the projected period"
Mobile wallet market has applications in different segment
such as retail, restaurant, public transportation and vending machine.
According to revenue generated in 2015 its application in retail segment is
expected to dominate the business. Better consumer experience and increasing
number of smart phones will push the demand.
Vending machine allows customers to make cashless
transactions that will encourage consumers to purchase regularly. Devices with
NFC integration provide better consumer experience along with security feature
that will drive retailers to use this technology. Countries such as India,
China and Indonesia have high vending machine usage that will improve the
demand for application segments.
To Browse Complete
Report visit @ https://www.millioninsights.com/industry-reports/mobile-wallet-market
Market Segment:
Mobile Wallet Product Outlook (Revenue, USD Billion, 2014 - 2024)
• Proximity
• Remote
Mobile Wallet Application Outlook (Revenue, USD Billion, 2014 - 2024)
• Retail
• Vending Machine
• Public Transportation
• Restaurants
Mobile Wallet Regional Outlook (Revenue, USD Billion, 2014 - 2024)
• North America
• Europe
• Asia Pacific
• Latin America
• MEA
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