Preview

JSB Market Research - Mobile Wallet Market - Global Share, Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2012 - 2020

Satisfactory Essays
Open Document
Open Document
2472 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
JSB Market Research - Mobile Wallet Market - Global Share, Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2012 - 2020
Mobile Wallet Market (Applications, Mode of Payment, Stakeholders and
Geography) - Global Share, Size, Industry Analysis, Trends, Opportunities,
Growth and Forecast, 2012 - 2020On 16th July 2014
On 16th July 2014

Summary The mobile wallet market has evolved as a result of advancements in the mobile phone technology and is expected to grow exponentially in near future, favored by continuous research and developments in the smartphone technology and lowering security concerns. The widespread smartphone adoption in developed markets and its increasing penetration levels in developing markets are influencing the growth of the mobile wallet market positively. Furthermore, growing adoption of NFC (near field communication) technology by retailers and consumers is expected to propel the growth of the mobile wallet market.
Mobile wallet allows consumers to pay by phone even during travel, from any location, anytime. It not only provides transaction facilities at affordable prices but also facilitates consumers to manage their accounts easily. While all these aspects are boosting the growth of the mobile wallet industry, consumers concerns related to security and technology infancy, plus investment and deployment issues are expected to impede the growth of the mobile wallet market. Although these restraints are prevalent, companies from the telecommunication industry are collaborating with each other to better serve the needs of their customers with new and improved product/service innovation.
The global mobile wallet market is expected to reach $5,250 billion by the end of 2020, growing at a
CAGR (compounded annual growth rate) of 127.5% from 2013 to 2020. The global mobile wallet market has been segmented in this report into applications, mode of payment, stakeholders and geography.
Email ID- contact@jsbmarketresearch.com
Tel No- 91 2241236650
Published by- http:/www.jsbmarketresearch.com/

The global mobile wallet applications market includes
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Better Essays

    BUS188 Case Analysis 1 YHe
    • 1142 Words
    • 4 Pages

    BUS188 Case Analysis 1 YHe

    The fundamental reason George couldn 't ditch his wallet is because most of his favorite retailers do not subscribe to his service provider 's payment system. While in Japan and countries like China, South Korea, and India, corporations have been developing partnerships between multiple entities and standardization on the mobile payment platform, the United States hasn 't adapted this method as successfully as it could. According to Gartner, the mobile payment market will increase from $171 billion in 2012 to $646 billion in 2017 worldwide, but the United States only shares 14% in the global payment market and expected to remain the same for the next 5 years. The growth in the market is so significant, there are many stakeholders striving for a share of it. However, instead of cooperating with the service providers and handset vendors, and standardizing the system, the players compete with each other by developing their own technologies, such as Bluetooth Payment System, Closed Loop Mobile Payments, and Cloud-based mobile payment platform. Service providers see the opportunities and try to take advantage of the technology by charging an exchange fee for every transaction made. In order to avoid the exchange fee, retailers have no choice but owning their own payment network. Therefore, George 's new Google Nexus phone couldn 't be used for all these different payment system, and he is stuck with paying the old-fashion way - credit cards.…

    • 1142 Words
    • 4 Pages
    Better Essays
    Read More
  • Better Essays

    Differentiating Between Market Structures in Kudler
    • 1576 Words
    • 7 Pages

    Differentiating Between Market Structures in Kudler

    In today’s society the cell phone market is a huge competitive industry for cell phone companies. There have been studies that show that half the world has cell phone accounts. One attribute that defines the cell phone market is the idea of consumers is giving up their land line phones. This has caused a large influx of customers into the market for cell phones. As technology continues to advance, a variety of cell phones are developed and marketed to different areas across the nation. Cell phones are available for business and social purposes such as social networking, text messaging, retrieving e-mails and for playing games.…

    • 1576 Words
    • 7 Pages
    Better Essays
    Read More
  • Powerful Essays

    Google Square: Acquisition Plan
    • 3598 Words
    • 15 Pages

    Google Square: Acquisition Plan

    Mobile payment generally refers to payment services managed or executed using mobile devices. The demand for mobile credit card management has accelerated rapidly. The mobile payment industry is expected to collect over $171.5 billion in transactions this year, a 60% rise from 2011. The overall industry players can be broken into three separate categories based on focus: on-line payment services, digital wallet consolidation, and mobile point-of-sale (POS) credit card processing.…

    • 3598 Words
    • 15 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Current Market Conditions Competitive Analysis
    • 1977 Words
    • 8 Pages

    Current Market Conditions Competitive Analysis

    The cell phone market is a massive market; some studies conclude that more than half of the United States has cell phone accounts (Simon, 2004). One attribute that defines the cell phone market is the idea of consumers giving up their land line use. Many individuals are now giving up their land line use in favor of using only a cell phone. This causes a large influx of customers into the market for cell phones. As technology continues to advance new types of cell phones are developed and marketed to different segments of the population. Now cell phones are available for business purposes and social purposes such as social networking, text messaging, or gaming, and the leader in cell phone sales is Apple Inc.…

    • 1977 Words
    • 8 Pages
    Powerful Essays
    Read More
  • Good Essays

    Ebay: Creating Customers on the Move
    • 1023 Words
    • 5 Pages

    Ebay: Creating Customers on the Move

    The advent of mobile commerce (m-commerce) has begun to create significant changes in the way consumers make purchasing decisions. The introduction of online shopping first began to draw customers away from brick-and-mortar retailers, changing the location of where they made their purchases. The use of mobile devices has expanded the location of purchase decisions even further, so now consumers can make purchases from almost anywhere, so long as they have a mobile device with them. It also has leveled the playing field for consumers in many cases, as it allows them to comparison shop on prices of products that they might find in stores.…

    • 1023 Words
    • 5 Pages
    Good Essays
    Read More
  • Powerful Essays

    Apple App Store
    • 1453 Words
    • 6 Pages

    Apple App Store

    Internet-capable phones are on the rise in India. Telecom companies are developing 3G licenses and access to provide to the citizens. A surge in number of users connecting to the internet through their mobile phone will be expected for the over the next few years. India’s internet traffic on mobile devices will surpass desktop devices significantly over the next few years. Various devices such as tablet computers, smartphones, and laptops will increase internet traffic and mobile applications will be the main focus for the next few years. Mobile payments and mobile commerce should be a big part of India’s economic growth in the next few years.…

    • 1453 Words
    • 6 Pages
    Powerful Essays
    Read More
  • Good Essays

    Annotated Bibliography on Information Technology
    • 781 Words
    • 4 Pages

    Annotated Bibliography on Information Technology

    This article provides a comprehensive analysis of the current shape of the mobile market and increased security concerns…

    • 781 Words
    • 4 Pages
    Good Essays
    Read More
  • Powerful Essays

    Phonebloks: A New Trend in E-Commerce
    • 1852 Words
    • 8 Pages

    Phonebloks: A New Trend in E-Commerce

    Thanks to increasingly advanced technology development, explosion of smartphone usage during the past years has affected every side of life. Particularly in e-commerce, for example online retail industry, smartphone has had great influence on, directly motivating continuous innovation in this field. According to the IMRG Capgemini eRetail Sales Index, the online retail market was up by 20 per cent year-on-year in September in 2013, and up 13 per cent in the previous month – the highest growth seen in the Index 's 13 year history. This record was driven by the increasing use of mobile devices, especially smartphone. Smartphone sales went up 150 per cent year-on-year, and accounted for 23 per cent of all mobile sales during September in 2013, compared to 15 per cent last month. Annual mobile commerce defined as the value of goods and services purchased while using smartphones and tablets grew by more than 81 percent, to $24.8 billion in 2012 from $13.6 billion in 2011, according to an eMarketer report. This year (2013), sales made on mobile devices are expected to increase by more than 56 percent, totaling about $38.8 billion.…

    • 1852 Words
    • 8 Pages
    Powerful Essays
    Read More
  • Good Essays

    htc inc five forces analysis
    • 2674 Words
    • 11 Pages

    htc inc five forces analysis

    Nowadays, smart phones become the most popular products that are being chosen by the customers. The global mobile phone market has strongly increased from year 2007 until now, in 2011 the first time sale amount of Smartphone higher than sale amount of laptop and The finance group forecasts that worldwide sales of smart phones will grow by 46 percent this year 2012 to hit 687.9 million and annual sales of smart phones will exceed one billion globally in 2014 (according to a Credit Suisse research note). This is the main factors driving demand in the mobile phone industry.…

    • 2674 Words
    • 11 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Social Security Threats
    • 501 Words
    • 3 Pages

    Social Security Threats

    Many consumers are afraid of security issues that come along with mobile applications mainly the banking ones that are being accessed from phones and or tablets. With Apple and Samsung, the two biggest mobile giants, teaming up with major financial institutions to focus on providing…

    • 501 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    CIS 502 Theories of Security Management
    • 2094 Words
    • 7 Pages

    CIS 502 Theories of Security Management

    By the end of 2013, there will be more mobile devices on Earth than people, a new report suggests. According to Cisco 's Visual Networking Index Global Mobile Data Traffic Forecast Update, consumers ' mobile appetite has grown a lot in the past year, and it shows no signs of slowing. In fact, Cisco predicts global mobile data traffic will increase 13-fold by 2017, with more than 10 billion mobile-connected devices by then (Murphy, 2013). Users of mobile devices have become dependent upon this technology not only for personal communications, but to conduct business transactions. This increase in commerce activity has had a corresponding increase in illegal activities geared toward taking advantages of mobile insecurities to steal consumer’s money and credentials.…

    • 2094 Words
    • 7 Pages
    Powerful Essays
    Read More
  • Good Essays

    Technological innovations of the past 50 years
    • 558 Words
    • 3 Pages

    Technological innovations of the past 50 years

    In recent years, there have been numerous milestones in technological advancements such as electronic word processing, social networking, instant messaging, Blue-ray, smartphones, search engines, Satellite TV, Wi-Fi, lithium rechargeable batteries, online stock trading, Bluetooth, DNA profiling, genetic sequencing and many others. These innovations help in our day to day lives especially in the fields of communication, medicine, banking, agriculture, transport and entertainment. One of the most beneficial and successful innovations of the 21st century is mobile phone-based money transfer (MMT). The use of mobile phone-based money transfer has had life changing impacts not only to individuals but also to businesses in the developing countries (Au & Kauffman, 2008).…

    • 558 Words
    • 3 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    NEAR FIELD COMMUNICATION
    • 719 Words
    • 3 Pages

    NEAR FIELD COMMUNICATION

    At first glance, near field communication (NFC) sounds straightforward — simply add a credit card to a mobile device and let consumers begin paying for things with their phones.…

    • 719 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    Analysis Of Zup-Go Cashless And Cardless
    • 904 Words
    • 4 Pages

    Analysis Of Zup-Go Cashless And Cardless

    Every day our life is not only enriched with stress and tensions but another thing has started to take a toll for the pain in our ass and is responsible for many deaths and robberies as well. Yes, wallets are becoming a real pain for us, when in the time of everything is turning digital and technology aided.…

    • 904 Words
    • 4 Pages
    Good Essays
    Read More
  • Powerful Essays

    PayTM FinalReport
    • 7892 Words
    • 29 Pages

    PayTM FinalReport

    The global mobile wallet market gets a boost from the increasing smartphone penetration, increasing mobile data usage, and government-led initiatives. The convenient and environment-friendly nature of mobile wallet industry also propels the market. The global market for mobile wallet is segmented based on the industry participants, components, consumer type, functionality, and…

    • 7892 Words
    • 29 Pages
    Powerful Essays
    Read More

Related Topics