Mobile Wallet Market Analysis By Product (Proximity And Remote), By Application (Retail, Vending Machine, Public Transportation And Restaurants) And Segment Forecasts Till 2024

Published: Nov, 2016 | Pages: 100 | Publisher: Grand View Research
Industry: Technology & Media | Report Format: Electronic (PDF)

The global mobile wallet market is expected to reach USD 7,581.91 billion by 2024, according to a new report by Grand View Research, Inc.

Growing mobile penetration with improved payment infrastructure and data connectivity are expected to offer the significant opportunity of the mobile wallet market. Increasing application of mobile wallet which includes Apple Pay, Android Pay and Samsung Pay with the growing capability of paying through mobile phones, is expected to drive the market demand.

Increasing demand for enhanced government policies and security issues is expected to drive the market growth. Enterprises across the industries are developing and deploying the new products for improving the productivity with increasing security.

The increasing need for lowering cost of ownership and increased convenience need will continue to dictate the market development.

Growing development in NFC has encouraged the consumers to use the mobile devices for making small and large payments. Proliferation and adoption of mobile payments including digital wallets and usage of apps has encouraged the non-payment technology firms to enter into payment landscape such as American Express and Jawbone. According to the U.K. Cards Association, contactless payments in the region have surged to 184% high with 179.6 Billion of transactions.

Further key findings from the report suggest:

Banking entities, payment gateways, businesses and payment processors are expanding with the emerging payment technologies.

Proximity product type is expected to have maximum CAGR over the forecast period owing to the increased penetration of NFC enabled mobile phones.

The public transportation application segment is expected to have significant growth over the forecast period, owing to changing industry trends the transit system operators are moving away from traditional payment of parking fees, displaying interactive route maps, sounding alarms in case of emergency, real time service information and service schedules.

The restaurant application is expected to witness a CAGR of over 38% over the forecast period. Restaurants have started upgrading terminals for accepting the various payment methods. The technology has enabled the customer to use a mobile app to check in, pre-order, order online and make reservations.

Developed regions such as North America have a well-established NFC market, owing to the high adaptability of the consumers for the new technology. Three wireless carriers, T-Mobile USA , AT&T Mobility (U.S) and Verizon Wireless (U.S) are working in collaboration with Barclaycard U.S. and Discover Financial Services to analyze and implement the NFC technology in the product list

The key players in the mobile wallet market include Google Inc (U.S), Samsung Electronics Co., Ltd (South Korea), VISA Inc (U.S). Companies are focusing on developing new services and secure payment platform to enhance the market share.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumption
1.3. List of Data Sources

Chapter 2. Executive Summary

Chapter 3. Market Snapshot
3.1. Mobile wallet - Market snapshot & critical success factor, 2014 - 2024

Chapter 4. Mobile Wallet Industry Outlook
4.1. Market segmentation
4.2. Mobile wallet-Market size and growth prospects
4.3. Mobile wallet- Value chain analysis
4.4. Mobile wallet market dynamics
4.4.1. Market driver analysis
4.4.1.1. Growing use of mobile payments
4.4.1.2. Integrating with Loyalty program increased the adoption rate of mobile wallet
4.4.1.3. Increasing usage of Value Added Services and other benefits
4.4.2. Market restraint analysis
4.4.2.1. Security concerns
4.4.3. Market challenge analysis
4.4.3.1 Increasing penetration of contactless NFC POS
4.5. Key opportunities- prioritized
4.6. Industry analysis - Porter's
4.7. Mobile wallet market PESTEL analysis

Chapter 5. Mobile Wallet Technology Estimates and Trend Analysis
5.1. Mobile wallet market: Product movement analysis
5.1.1. Proximity
5.1.1.1. Global market estimates and forecasts, 2014 - 2024
5.1.2. Remote
5.1.2.1. Global market estimates and forecasts, 2014 - 2024

Chapter 6. Mobile Wallet Application Estimates and Trend Analysis
6.1. Mobile wallet market: Application movement analysis
6.1.1. Retail
6.1.1.1. Global market estimates and forecasts, 2014 - 2024
6.1.2. Vending Machine
6.1.2.1. Global market estimates and forecasts, 2014 - 2024
6.1.3. Public Transportation
6.1.3.1. Global market estimates and forecasts, 2014 - 2024
6.1.4. Restaurant
6.1.4.1. Global market estimates and forecasts, 2014 - 2024

Chapter 7. Mobile Wallet Regional Estimates and Trend Analysis
7.1. North America
7.1.1. Mobile wallet market by product type, 2014 - 2024
7.1.2. Mobile wallet market by application, 2014 - 2024
7.1.3. U.S.
7.1.3.1. Mobile wallet market by product type, 2014 - 2024
7.1.3.2. Mobile wallet market by application, 2014 - 2024
7.1.4. Canada
7.1.4.1. Mobile wallet market by product type, 2014 - 2024
7.1.4.2. Mobile wallet market by application, 2014 - 2024
7.2. Europe
7.2.1. Mobile wallet market by product type, 2014 - 2024
7.2.2. Mobile wallet market by application, 2014 - 2024
7.2.3. Germany
7.2.3.1. Mobile wallet market by product type, 2014 - 2024
7.2.3.2. Mobile wallet market by application, 2014 - 2024
7.2.4. UK
7.2.4.1. Mobile wallet market by product type, 2014 - 2024
7.2.4.2. Mobile wallet market by application, 2014 - 2024
7.3. Asia Pacific
7.3.1. Mobile wallet market by product type, 2014 - 2024
7.3.2. Mobile wallet market by application, 2014 - 2024
7.3.3. China
7.3.3.1. Mobile wallet market by product type, 2014 - 2024
7.3.3.2. Mobile wallet market by application, 2014 - 2024
7.3.4. India
7.3.4.1. Mobile wallet market by product type, 2014 - 2024
7.3.4.2. Mobile wallet market by application, 2014 - 2024
7.3.5. Japan
7.3.5.1. Mobile wallet market by product type, 2014 - 2024
7.3.5.2. Mobile wallet market by application, 2014 - 2024
7.4. Latin America
7.4.1. Mobile wallet market by product type, 2014 - 2024
7.4.2. Mobile wallet market by application, 2014 - 2024
7.4.3. Brazil
7.4.3.1. Mobile wallet market by product type, 2014 - 2024
7.4.3.2. Mobile wallet market by application, 2014 - 2024
7.4.4. Mexico
7.4.4.1. Mobile wallet market by product type, 2014 - 2024
7.4.4.2. Mobile wallet market by application, 2014 - 2024
7.5. MEA
7.5.1. Mobile wallet market by product type, 2014 - 2024
7.5.2. Mobile wallet market by application, 2014 - 2024

Chapter 8. Competitive Landscape
8.1. Apple Inc
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives
8.2. American Express Company
8.2.1. Company Overview
8.2.2. Financial Performance
8.2.3. Product Benchmarking
8.2.4. Strategic Initiatives
8.3. Alipay
8.3.1. Company Overview
8.3.2. Financial Performance
8.3.3. Product Benchmarking
8.3.4. Strategic Initiatives
8.4. Bharti Airtel Limited
8.4.1. Company Overview
8.4.2. Financial Performance
8.4.3. Product Benchmarking
8.4.4. Strategic Initiatives
8.5. Google Inc
8.5.1. Company Overview
8.5.2. Financial Performance
8.5.3. Product Benchmarking
8.5.4. Strategic Initiatives
8.6. PayPal Holdings Inc
8.6.1. Company Overview
8.6.2. Financial Performance
8.6.3. Product Benchmarking
8.6.4. Strategic Initiatives
8.7. Samsung Electronics Co., Ltd
8.7.1. Company Overview
8.7.2. Financial Performance
8.7.3. Product Benchmarking
8.7.4. Strategic Initiatives
8.8. Square Inc
8.8.1. Company Overview
8.8.2. Financial Performance
8.8.3. Product Benchmarking
8.8.4. Strategic Initiatives
8.9. VISA Inc
8.9.1. Company Overview
8.9.2. Financial Performance
8.9.3. Product Benchmarking
8.9.4. Strategic Initiatives

List of Tables

1. Mobile wallet - Industry snapshot & critical success factor, 2014 - 2024
2. Global mobile wallet market, 2014 - 2024 (Transaction value in USD Billion)
3. Global mobile wallet market estimates and forecasts by product, 2014 - 2024 (Transaction value in USD Billion)
4. Global mobile wallet market estimates and forecasts by application, 2014 - 2024 (Transaction value in USD Billion)
5. Global mobile wallet market estimates and forecasts by region, 2014 - 2024 (Transaction value in USD Billion)
6. Global proximity mobile wallet market by region, 2014 - 2024 (Transaction value in USD Billion) 
7. Global remote mobile wallet by region, 2014 - 2024 (Transaction value in USD Billion) 
8. Global mobile wallet market for retail application by region, 2014 - 2024 (Transaction value in USD Billion) 
9. Global mobile wallet market for vending machine application by region, 2014 - 2024 (Transaction value in USD Billion) 
10. Global mobile wallet market for public transportation application by region, 2014 - 2024 (Transaction value in USD Billion) 
11. Global mobile wallet market for restaurant application by region, 2014 - 2024 (Transaction value in USD Billion) 
12. North America mobile wallet market by application, 2014 - 2024 (Transaction value in USD Billion) 
13. U.S. mobile wallet market by product, 2014 - 2024 (Transaction value in USD Billion) 
14. U.S. mobile wallet market by application, 2014 - 2024 (Transaction value in USD Billion) 
15. Canada mobile wallet market by product, 2014 - 2024 (Transaction value in USD Billion) 
16. Canada mobile wallet market by application, 2014 - 2024 (Transaction value in USD Billion) (granular-level split) 
17. Europe mobile wallet market by product, 2014- 2024 (Transaction value in USD Billion) 
18. Europe mobile wallet market by application, 2014 - 2024 (Transaction value in USD Billion)
19. Germany mobile wallet market by product, 2014 - 2024 (Transaction value in USD Billion) 
20. Germany mobile wallet market by application, 2014 - 2024 (Transaction value in USD Billion) 
21. U.K. mobile wallet market by vehicle type, 2014 - 2024 (Transaction value in USD Billion) 
22. U.K. mobile wallet market by application, 2014 - 2024 (Transaction value in USD Billion) 
23. Asia Pacific mobile wallet market by product, 2014 - 2024 (Transaction value in USD Billion)
24. Asia Pacific mobile wallet market by application, 2014 - 2024 (Transaction value in USD Billion)
25. Japan mobile wallet market by product, 2014 - 2024 (Transaction value in USD Billion) 
26. Japan mobile wallet market by application, 2013 - 2024 (Transaction value in USD Billion) 
27. China mobile wallet market by product, 2014 - 2024 (Transaction value in USD Billion) 
28. China mobile wallet market by application, 2014 - 2024 (Transaction value in USD Billion)
29. India mobile wallet market by product, 2014 - 2024 (Transaction value in USD Billion) 
30. India mobile wallet market by application, 2014 - 2024 (Transaction value in USD Billion) 
31. Latin America mobile wallet market by product, 2014 - 2024 (Transaction value in USD Billion)
32. Latin America mobile wallet market by application, 2014 - 2024 (Transaction value in USD Billion)
33. Brazil mobile wallet market by product, 2014 - 2024 (Transaction value in USD Billion)
34. Brazil mobile wallet market by application, 2014 - 2024 (Transaction value in USD Billion)
35. Mexico mobile wallet market by product, 2014 - 2024 (Transaction value in USD Billion)
36. Mexico mobile wallet market by application, 2014 - 2024 (Transaction value in USD Billion)
37. MEA mobile wallet market by product, 2014 - 2024 (Transaction value in USD Billion)
38. MEA mobile wallet market by application, 2014 - 2024 (Transaction value in USD Billion)

List of Figures

1. Mobile wallet market segmentation 
2. Mobile wallet market size and growth prospects, 2014 - 2024 (Transactions in USD Billions) 
3. Mobile wallet - Value chain analysis
4. Mobile wallet - Market dynamics
5. Mobile wallet - Key Opportunities Prioritized
6. Mobile wallet - Porter’s Five Forces Analysis
7. Mobile wallet - PESTEL analysis
8. Mobile wallet market product outlook key takeaways
9. Mobile wallet market: Product analysis
10. Global proximity mobile wallet market, 2014 - 2024 (Transaction value in USD Billion)
11. Global remote mobile wallet market, 2014 - 2024 (Transaction value in USD Billion)
12. Mobile wallet market application outlook key takeaways
13. Mobile wallet market: Application movement analysis
14. Global mobile wallet market for retail application, 2014 - 2024 (Transaction value in USD Billion) 
15. Global mobile wallet market for vending machine application, 2014 - 2024 (Transaction value in USD Billion)
16. Global mobile wallet market for public transportation application, 2014 - 2024 (Transaction value in USD Billion)
17. Global mobile wallet market for restaurant application 2014 - 2024 (Transaction value in USD Billion)
18. Regional market place: Key takeaways
19. Regional outlook, 2015 & 2024
20. North America mobile wallet market by application, 2014 - 2024 (Transaction value in USD Billion)
21. Europe mobile wallet market by application, 2013 - 2024 (Transaction value in USD Billion)
22. Asia Pacific mobile wallet market by product, 2014 - 2024 (USD Billion)
23. Asia Pacific mobile wallet market by application, 2014 - 2024 (USD Billion)
24. Latin America mobile wallet market by product, 2014 - 2024 (Transaction value in USD Billion)
25. Latin America mobile wallet market by application, 2014 - 2024 (USD Billion)
26. MEA mobile wallet market by product, 2014 - 2024 (USD Billion)
27. MEA mobile wallet market by application, 2014 - 2024 (USD Billion)