Mobile Wallet Market Analysis By Application (Commerce, Ticketing, Coupons, Transfer, Micro Payments), By Mode Of Payment (NFSPayment & NFS Product), By Stakeholders, Industry Size, Growth, Share And Forecast To 2022

Published By: Brisk Insights | Published On: Jan 21, 2016

Key findings


The global mobile wallet market is expected to grow at the CAGR of 38.5% during 2015-2022 and it estimated to be $2.1 billion by 2022. The global mobile wallet market is majorly driven by significant growth in mobile phone adoption, online transaction and online money transfer. Acquisition and partnership are the key strategies adopted by the mobile wallet companies to stay competitive. Rigidity of banks and strict rules enable the global mobile wallet to grow significantly in the next few years. However, among various mobile wallet applications, close loop payment is growing at the highest CAGR of XX% during 2015-2022. The most common reason why companies are entering mobile wallet business is the growing smartphone market.


Expansion in mobile commerce and person to person money transfer are expected to boost the market growth in coming years. Emerging economies such as India, China, Japan and Korea are expected to contribute significantly in the next few years. Moreover, close loop payments and In app billing has highest CAGR during 2015-2022 due to huge adoption.


The mobile wallet companies such as Paypal, Apple Pay, M-Pesa, Google wallet, Alipay are constantly focusing on acquiring the existing players and partnering the mobile wallet companies to expand and reach masses. Also with increasing competition in the market companies are focusing on collaboration, expansion and launching of new products.


Market segment insight


The application market for global mobile wallet market is segmented on the basis of application, mode of payment, stakeholders and geography. The major segment is application segment which includes: mobile commerce, mobile ticketing, rail, metro and bus ticket market, airline tickets and boarding passes market, mobile coupons, transfer market, micro payment and so on. Technological advancement and innovation enables to grow faster with the significant rise in smartphone devices. Closed loop payments market is expected to grow at the highest CAGR XX% over the forecasted period 2015-2022.

 

Regional insight


Globally, North America dominates the global mobile wallet market with high investments from manufacturers due to growing demand. However, North America is expected to contribute more than 50% market share followed by Europe and APAC. Both the regions are expected to create significant opportunities for the growth of the market during the forecasted years. Growing demand for money commerce, online transaction and rise in smartphone users are the major drivers.

 

Competitive insight


The key players in the global mobile wallet market include as American Express, Apple Pay, AT&T, Blackberry, First Data, Google, Sprint, Samsung, Mastercard, M-Pesa, Alipay, VISA, Softcard, Airtel money. Other companies profiled in the report include, Bank of America, China UnionPay, Current C, Dwolla Corp and so on. Mergers and Acquisition is the key strategy adopted in the global mobile wallet market. Also companies are looking forward to collaboration and partnerships to explore the global mobile wallet market.

 

Reasons for buying the report

 

  • This report provides a detailed study of current trends in the global mobile wallet market, key growth drivers, and restraints.
  • It provides market forecast for the next 7 years (2015-2022) assessed on the basis of market growth.
  • The report also includes analysis of recent technological developments in the global mobile wallet market, analysis of key market players and the key winning strategy adopted and predictive analysis.
  • The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
  • The report tracks and analyse the changing market dynamics.
  • The report also talks about emerging opportunities in the market and the future impact of major drivers and restraints of the market.
  • The report also provides extensive analysis with respect to key product segments.
  • The analysis in the report will help in making effective business decisions.
  • It provides analysis through distinctive graphs and charts and analyses strengths, weakness, opportunities and threats of major market players.

1. METHODOLOGY & SCOPE 13
    1.1. RESEARCH METHODOLOGY 13
    1.2. RESEARCH SCOPE & ASSUMPTIONS 13
     1.3. LIST OF DATA SOURCES 13

 

2. EXECUTIVE SUMMARY 14
    2.1. GLOBAL MOBILE WALLET MARKET SUMMARY & KEY BUYING CRITERIA 14
    2.2. GLOBAL MOBILE WALLET MARKET OUTLOOK 14

 

3. MARKET SEGMENTATION 15
    3.1. MARKET SIZE AND GROWTH PROSPECTS 2012-2022 15
    3.2. MOBILE WALLET MARKET VALUE CHAIN ANALYSIS 15
    3.3. VENDOR LANDSCAPE 15

 

4. GLOBAL MOBILE WALLET MARKET DYNAMICS 16
    4.1. MARKET DRIVER ANALYSIS 17
        4.1.1. ACQUISITIONS AND PARTNERSHIPS ARE DRIVING THE GLOBAL MOBILE PAYMENT MARKET 17
       4.1.2. RIGIDITY OF BANKS ENABLE MOBILE WALLET MARKET TO GROW FAST 17
      4.1.3. TECHNOLOGICAL ADVANCEMENT GIVING RISE TO MOBILE WALLET MARKET 17
    4.1.4. GLOBAL ADOPTION OF MOBILE WALLET SERVICES BY SMALL MERCHANTS AND BUSINESSES 17
      4.1.5. GLOBAL ADOPTION OF MOBILE PAYMENT SERVICES BY UNBANKED POPULATION TO BOOST THE GLOBAL MOBILE WALLET MARKET 17
     4.1.6. GROWTH OF E-COMMERCE CONTINUES TO DRIVE THE GLOBAL MOBILE WALLET MARKET 17
    4.2. MARKET RESTRAINT ANALYSIS 17
        4.2.1. SECURITY THREATS ARE PRIME CONCERNS FOR THE GLOBAL MOBILE PAYMENT MARKET 17
       4.2.2. ATTACKS OF SPYWARE AND MALWARE MAY SLOW THE GROWTH OF THE MARKET 17
    4.2.3. INTEROPERABILITY IS A KEY CONCERN FOR THE GLOBAL MOBILE PAYMENT MARKET 17
       4.3.1. INTRODUCTION OF MORE USER FRIENDLY TECHNOLOGIES TO CREATE SCOPE FOR MOBILE PAYMENT MARKET 17
      4.3.2. ENTRY OF BIG PLAYERS IN MOBILE PAYMENT MARKET TO CREATE HUGE SCOPE FOR GLOBAL PAYMENT MARKET 17
    4.3.3. EMPHASIS ON USER CONVENIENCE GIVING RISE TO ADOPTION OF MOBILE PAYMENT SYSTEMS 17
        4.3.4. LIMIT ON CASH TRANSACTION TO BOOST GLOBAL MOBILE PAYMENT MARKET 17
        4.3.5. GOVERNMENT AID ENABLES THE MOBILE PAYMENT TO GROW FAST 17
        4.4.1. UNWILLINGNESS TO SWITCH TO NEW TECHNOLOGY 18
        4.4.2. UNCLEAR BUSINESS CASE: LARGE INVESTMENT REQUIRED 18
      4.4.3. NEWER TECHNOLOGIES UNCLEAR RULES MAY CONFUSE THE MARKET PLAYERS AND CUSTOMERS 18

 

5. INDUSTRY ANALYSIS – PORTER’S 19
    5.1. GLOBAL MOBILE WALLET INDUSTRY– PESTEL ANALYSIS 19

 

6. GLOBAL MOBILE WALLET MARKET BY APPLICATION 2012-2022 ( $ BILLION) 20
    6.1. GLOBAL MOBILE COMMERCE MARKET 2012-2022 ($ BILLION) 20
    6.2. GLOBAL MOBILE TICKETING MARKET 2012-2022 ($BILLION) 20
        6.2.1. GLOBAL RAIL METRO AND BUS TICKETS MARKET 2012-2022 ($ BILLION) 20
        6.2.2. AIRLINE TICKETS AND BOARDING PASSES MARKET 2012-2022($ BILLION) 20
    6.3. GLOBAL MOBILE COUPONS MARKET 2012-2022 ($ BILLION) 20
    6.4. GLOBAL MOBILE TRANSFER MARKET 2012-2022 ($ BILLION) 20
    6.5. GLOBAL MICRO PAYMENTS MARKET 2012-2022 ($ BILLION) 20

 

7. GLOBAL MOBILE PAYMENT MARKET BY MODE OF PAYMENT 2012-2022 ($ BILLION) 21
    7.1. GLOBAL NFS PAYMENT MARKET 2012-2022 ($ BILLION) 21
    7.2. GLOBAL NFS PRODUCT MARKET 2012-2022 ($ BILLION) 21
        7.2.1. NFC HANDSETS MARKET 2012-2022 ($ BILLION) 21
        7.2.2. NFS CHIPS MARKET 2012-2022 ($ BILLION) 21
        7.2.3. NFS READERS MARKET 2012-2022 ($ BILLION) 21
        7.2.4. NFS MICRO SD MARKET 2012-2022 ($ BILLION) 21
        7.2.5. NFS SIM/UICC CARD MARKET 2012-2022 ($ BILLION) 21
        7.2.6. OTHERS MARKET 2012-2022 ($ BILLION) 21

 

8. GLOBAL MOBILE WALLET MARKET BY STAKEHOLDERS 2012-2022 ($ BILLION) 22

 

9. GLOBAL MOBILE WALLET MARKET, REGIONAL OUTLOOK 2012-2022 ( $ BILLION) 23
    9.1.1. NORTH AMERICA MARKET ESTIMATES AND FORECAST 2012–2022 ($ BILLION) 23
    9.1.2. NORTH AMERICA MARKET ESTIMATES AND FORECAST BY REGION 2012–2022 ($ BILLION) 23
     9.1.3. NORTH AMERICA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012–2022 ($ BILLION) 23
       9.1.3.1. US 23
           9.1.3.1.1. US MARKET ESTIMATES AND FORECAST 2012–2022 ($ BILLION) 23
          9.1.3.1.2. US MARKET ESTIMATES AND FORECAST BY APPLICATION 2012 – 2022(IN $ BILLION) 23
        9.1.3.2. CANADA 23
           9.1.3.2.1. CANADA MARKET ESTIMATES AND FORECAST 2012–2022 ($ BILLION) 23
          9.1.3.2.2. CANADA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012–2022 ($ BILLION) 23
      9.1.3.3. MEXICO 23
          9.1.3.3.1. MEXICO MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 23
       9.1.3.3.2. CANADA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ BILLION) 23
      9.1.3.4. EUROPE 23
    9.1.4. EUROPE MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 24
    9.1.5. EUROPE MARKET ESTIMATES AND FORECAST BY REGION 2012-2022 ($ BILLION) 24
   9.1.6. EUROPE MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ BILLION) 24
         9.1.6.1. GERMANY 24
             9.1.6.1.1. GERMANY MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 24
             9.1.6.1.2. GERMANY MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ BILLION) 24
        9.1.6.2. UK 24
            9.11.6.2.1. UK MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 24
          9.1.6.2.2. MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ BILLION) 24
           9.1.6.3. RUSSIA 24
           9.1.6.3.1. RUSSIA MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 24
         9.1.6.3.2. RUSSIA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ BILLION) 24
         9.1.6.4. ASIA PACIFIC 24
    9.1.7. ASIA PACIFIC MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 24
  9.1.8. ASIA PACIFIC MARKET ESTIMATES AND FORECAST BY REGION 2012-2022 ($ BILLION) 24
   9.1.9. ASIA PACIFIC MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ BILLION) 24
          9.1.9.1. CHINA 24
               9.1.9.1.1. CHINA MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 25
              9.1.9.1.2. CHINA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ BILLION) 25
         9.1.9.2. INDIA 25
         9.1.9.2.1. INDIA MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 25
      9.1.9.2.2. INDIA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ BILLION) 25
     9.1.9.3. SOUTH KOREA 25
        9.1.9.3.1. SOUTH KOREA MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 25
           9.1.9.3.2. SOUTH KOREA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ BILLION) 25
            9.1.9.4. MIDDLE EAST & AFRICA 25
          9.1.9.4.1. MIDDLE EAST & AFRICA MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 25
         9.1.9.4.2. MIDDLE EAST & AFRICA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ BILLION) 25
    9.2. CENTRAL & SOUTH AMERICA 25
        9.2.1. CENTRAL & SOUTH AMERICA MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 25
         9.2.2. CENTRAL & SOUTH AMERICA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ BILLION) 25
                          9.2.2.1. BRAZIL 25
                                9.2.2.1.1. BRAZIL MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 25
                                9.2.2.1.2. BRAZIL MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ BILLION) 25

 

10. COMPETITIVE LANDSCAPE 26
    10.1. APPLEPAY 27
        10.1.1. COMPANY OVERVIEW 27
        10.1.2. FINANCIAL PERFORMANCE 27
        10.1.3. PRODUCT BENCHMARKING 27
         10.1.4. STRATEGIC INITIATIVES 27
    10.2. AT&T INC 27
         10.2.1. COMPANY OVERVIEW 27
         10.2.2. FINANCIAL PERFORMANCE 27
         10.2.3. PRODUCT BENCHMARKING 27
         10.2.4. STRATEGIC INITIATIVES 27
    10.3. BLACKBERRY 27
        10.3.1. COMPANY OVERVIEW 27
        10.3.2. FINANCIAL PERFORMANCE 27
        10.3.3. PRODUCT BENCHMARKING 27
        10.3.4. STRATEGIC INITIATIVES 27
    10.4. FIRST DATA 27
        10.4.1. COMPANY OVERVIEW 27
        10.4.2. FINANCIAL PERFORMANCE 27
        10.4.3. PRODUCT BENCHMARKING 27
        10.4.4. STRATEGIC INITIATIVES 27
    10.5. GOOGLE 27
        10.5.1. COMPANY OVERVIEW 28
        10.5.2. FINANCIAL PERFORMANCE 28
        10.5.3. PRODUCT BENCHMARKING 28
        10.5.4. STRATEGIC INITIATIVES 28
    10.6. SPRINT 28
        10.6.1. COMPANY OVERVIEW 28
        10.6.2. FINANCIAL PERFORMANCE 28
        10.6.3. PRODUCT BENCHMARKING 28
        10.6.4. STRATEGIC INITIATIVES 28
    10.7. SAMSUNG 28
        10.7.1. COMPANY OVERVIEW 28
        10.7.2. FINANCIAL PERFORMANCE 28
        10.7.3. PRODUCT BENCHMARKING 28
        10.7.4. STRATEGIC INITIATIVES 28
    10.8. MASTERCARD 28
        10.8.1. COMPANY OVERVIEW 28
        10.8.2. FINANCIAL PERFORMANCE 28
        10.8.3. PRODUCT BENCHMARKING 28
        10.8.4. STRATEGIC INITIATIVES 28
        10.9.1. COMPANY OVERVIEW 28
       10.9.2. FINANCIAL PERFORMANCE 28
       10.9.3. PRODUCT BENCHMARKING 28
       10.9.4. STRATEGIC INITIATIVES 28
    10.10. ALIPAY 28
        10.10.1. COMPANY OVERVIEW 28
        10.10.2. FINANCIAL PERFORMANCE 28
        10.10.3. PRODUCT BENCHMARKING 28
        10.10.4. STRATEGIC INITIATIVES 29
    10.11. VISA 29
        10.11.1. COMPANY OVERVIEW 29
        10.11.2. FINANCIAL PERFORMANCE 29
        10.11.3. PRODUCT BENCHMARKING 29
        10.11.4. STRATEGIC INITIATIVES 29
    10.12. SOFTCARD 29
        10.12.1. COMPANY OVERVIEW 29
        10.12.2. FINANCIAL PERFORMANCE 29
        10.12.3. PRODUCT BENCHMARKING 29
        10.12.4. STRATEGIC INITIATIVES 29
    10.13. AIRTEL MONEY 29
        10.13.1. COMPANY OVERVIEW 29
        10.13.2. FINANCIAL PERFORMANCE 29
        10.13.3. PRODUCT BENCHMARKING 29
        10.13.4. STRATEGIC INITIATIVES 29
    10.14. BOKU 29
        10.14.1. COMPANY OVERVIEW 29
        10.14.2. FINANCIAL PERFORMANCE 29
        10.14.3. PRODUCT BENCHMARKING 29
        10.14.4. STRATEGIC INITIATIVES 29
    10.15. BANK OF AMERICA 29
        10.15.1. COMPANY OVERVIEW 29
        10.15.2. FINANCIAL PERFORMANCE 29
        10.15.3. PRODUCT BENCHMARKING 29
        10.15.4. STRATEGIC INITIATIVES 29
   10.16. CHINA UNIONPAY 29
        10.16.1. COMPANY OVERVIEW 30
        10.16.2. FINANCIAL PERFORMANCE 30
        10.16.3. PRODUCT BENCHMARKING 30
        10.16.4. STRATEGIC INITIATIVES 30
    10.17. CURRENT C 30
        10.17.1. COMPANY OVERVIEW 30
        10.17.2. FINANCIAL PERFORMANCE 30
        10.17.3. PRODUCT BENCHMARKING 30
        10.17.4. STRATEGIC INITIATIVES 30
    10.18. DWOLLA CORP 30
         10.18.1. COMPANY OVERVIEW 30
         10.18.2. FINANCIAL PERFORMANCE 30
         10.18.3. PRODUCT BENCHMARKING 30
        10.18.4. STRATEGIC INITIATIVES 30

TABLE # 1 GLOBAL MOBILE COMMERCE MARKET 2012-2022 ($ BILLION) 28
TABLE # 2 MOBILE WALLET SHOPPING MARKET 2012-2022 ($ BILLION) 28
TABLE # 3 MOBILE WALLET BILL PAYMENTS MARKET 2012-2022 ($ BILLION) 28
TABLE # 4 MOBILE WALLET HOTEL BOOKING AND PAYMENTS MARKET 2012-2022 ($ BILLION) 28
TABLE # 5 MOBILE WALLET ENTERTAINMENT AND EVENT PAY MARKET 2012-2022 ($ BILLION) 28
TABLE # 6 GLOBAL MOBILE TICKETING MARKET 2012-2022 ($ BILLION) 28
TABLE # 7 GLOBAL RAIL METRO AND BUS TICKETS MARKET 2012-2022 ($ BILLION) 28
TABLE # 8 AIRLINE TICKETS AND BOARDING PASSES MARKET 2012-2022 ($ BILLION) 29
TABLE # 9 GLOBAL MOBILE COUPONS MARKET 2012-2022 ($ BILLION) 29
TABLE # 10 GLOBAL MOBILE TRANSFER MARKET 2012-2022 ($ BILLION) 29
TABLE # 11 GLOBAL MICRO PAYMENTS MARKET 2012-2022 ($ BILLION) 29
TABLE # 12 GLOBAL MOBILE PAYMENT MARKET BY MODE OF PAYMENT 2012-2022 ($ BILLION) 29
TABLE # 13 GLOBAL NFS PAYMENT MARKET 2012-2022 ($ BILLION) 29
TABLE # 14 GLOBAL NFS PRODUCT MARKET 2012-2022 ($ BILLION) 29
TABLE # 15 NFC HANDSETS MARKET 2012-2022 ($ BILLION) 29
TABLE # 16 NFS CHIPS MARKET 2012-2022 ($ BILLION) 29
TABLE # 17 NFS READERS MARKET 2012-2022 ($ BILLION) 29
TABLE # 18 NFS MICRO SD MARKET 2012-2022 ($ BILLION) 29
TABLE # 19 NFS SIM/UICC CARD MARKET 2012-2022 ($ BILLION) 29
TABLE # 20 OTHERS MARKET 2012-2022 ($ BILLION) 29
TABLE # 21 GLOBAL MOBILE WALLET MARKET BY STAKEHOLDERS 2012-2022 ($ BILLION) 29
TABLE # 22 MOBILE WALLET STAKEHOLDERS AND MAJOR COMPANIES MARKET 2012-2022 ($ BILLION) 29
TABLE # 23 MOBILE NETWORK OPERATORS MARKET 2012-2022 ($ BILLION) 29
TABLE # 24 HANDSET AND OTHER HARDWARE SOLUTION MANUFACTURERS MARKET 2012-2022 ($ BILLION) 29
TABLE # 25 OSS/BSS SOLUTION PROVIDERS MARKET 2012-2022 ($ BILLION) 29
TABLE # 26 CONTENT AND APPLICATIONS AGGREGATORS 2012-2022 ($ BILLION) 29
TABLE # 27 OTHER STAKEHOLDERS 2012-2022 ($ BILLION) 29

FIGURE # 1 GLOBAL MOBILE WALLET MARKET SHARE 2012 -2022 ($ BILLION) 30
FIGURE # 2 MARKET SHARE BY REGIONS 30
FIGURE # 3 UNITED STATES MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 30
FIGURE # 4 CANADA MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 30
FIGURE # 5 MEXICO MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 30
FIGURE # 6 UK MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 30
FIGURE # 7 FRANCE MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 30
FIGURE # 8 GERMANY MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 30
FIGURE # 9 APAC MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 30
FIGURE # 10 CHINA MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 30
FIGURE # 11 INDIA MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 30
FIGURE # 12 MIDDLE EAST & AFRICA MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 30
FIGURE # 13 CENTRAL & SOUTH AMERICA MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 30
FIGURE # 14 BRAZIL MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 30

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