1. Market Research
  2. > Financial Services
  3. > Banking
  4. > Payments Market Trends
  5. > Digital Wallets: Sizing the Opportunity

Digital Wallets: Sizing the Opportunity

  • May 2013
  • -
  • Verdict Financial
  • -
  • 26 pages

Summary
Mobile technology is rapidly changing how consumers behave, with an impact on both digital and physical retailing. This briefing and accompanying dashboard provide detailed insight into consumer attitudes to the digital wallets they use now, and where the wider trends in digital commerce highlight future growth opportunities.


Synopsis
- Optimize your product development and marketing strategies by using our unique data to better understand consumer attitudes to digital wallets.
- Target the right products at the right opportunities by seeing exactly which consumers have the biggest appetite for mobile wallets.
- Plan your long-term payments strategy based on a deep understanding of how mobile internet use is changing physical and digital retailing.

Reasons To Buy
- What is the consumer experience with the digital wallets on the market today?
- How big a barrier to take-up and use are concerns about security?
- Just how much do consumers actually pay for digital content, and how do they make these payments?
- Where is the biggest consumer appetite for mobile wallet services?

Key Highlights
Just over 24% of smartphone holders globally have at least one mobile wallet of some kind. Of this figure 14% of consumers stated that they have one and use it, compared to 10% who have one but do not use it. More favorably, over one third of consumers do not have a mobile wallet but would be interested in getting one.

A high proportion of consumers are regularly buying digital content. Around 42% of smartphone holders buy games or other apps once a month, and a similar proportion have at some point paid to download music online. A surprisingly high but nonetheless lower proportion of consumers - 29.7% - say that they have made a purchase in-app at some point.

Card vaulting accounts for 37.9% of apps and game purchases, 38.1% of online music transactions, and 53.2% of in-app currency transactions. The largest distributors of apps and online music tend to be dominated by the likes of Apple and Google, which primarily rely on their own wallet platforms.

Table Of Contents

Digital Wallets: Sizing the Opportunity

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Ahmad

+1 718 618 4302

Purchase Reports From Reputable Market Research Publishers
Asia-Pacific Mobile Payments

Asia-Pacific Mobile Payments

  • $ 4950
  • Industry report
  • September 2016
  • by Frost & Sullivan

Spearheading Cashless Societies Countries within Asia-Pacific are trying to go cashless; mobile payment has been identified as an ideal solution to spearhead the transformation from cash-based to cashless ...

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

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

  • $ 4950
  • Industry report
  • October 2016
  • by Grand View Research

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 ...

Mobile Money Market  - Global Market Outlook (2016-2022)

Mobile Money Market - Global Market Outlook (2016-2022)

  • $ 4157
  • Industry report
  • September 2016
  • by Stratistics MRC

According to Stratistics MRC, the Global Mobile Money market is estimated at $15.14 billion in 2015 and is expected to reach $140 billion by 2022 growing at a CAGR of 37.39% from 2015 to 2022. Increasing ...


Download Unlimited Documents from Trusted Public Sources

Payments Markets in the US

  • December 2016
    61 pages
  • ATM  

    Payments  

    Debit Card  

  • United States  

    World  

View report >

Mobile Payment Markets in China

  • November 2016
    23 pages
  • Mobile Payment  

  • China  

    Asia  

    World  

View report >

Global Payments Industry

  • November 2016
    92 pages
  • Payments  

  • World  

    Europe  

    North America  

View report >

Payments Markets

1 month ago

Related Market Segments :

Mobile Payment

ref:plp2013

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.