1. Market Research
  2. > Financial Services
  3. > Banking
  4. > Payments Market Trends
  5. > Global Mobile Wallet Market Size, Share, Development, Growth and Demand Forecast to 2020- Industry Insights by Application, by Mode of Payment, by Age Group and by Region

Consumers can use mobile phone to pay for wide range of services, and digital or hard goods. The growth in smartphone and mobile internet users, and greater convenience and accessibility are the key growth drivers for the global mobile wallet market. The increased use of mobile commerce and different functionalities offered by mobile wallets, as compared to physical wallets are some of the major trends witnessed in the market. In 2014, the money transfers segment accounted for a significant share in the global mobile wallet market, followed by the merchant purchases segment. Globally, Asia-Pacific dominated the global market in 2014. The mobile-commerce market in Asia-Pacific is driven with the evolution of 4G networks. The increasing advancements in next-generation high-speed mobile networks known as Long-Term Evolution (LTE) are expected to change the landscape of Asia-Pacific, as the developing countries of the region are leading the race to implement the 4G technology. The growing population in developing countries, such as China and India is a major driving force, which is influencing the growth of the region. During 2011-2014, China witnessed the fastest growth in the Asia-Pacific mobile wallet market, followed by South Korea.

Offering cash back discounts with payments done is a major trend witnessed in the global mobile wallet market. The users are tempted towards attractive cash backs and loyalty coupons offered by different mobile wallet companies.. The mobile wallet market in the report refers to payment services operated under financial regulation and performed through a mobile device instead of paying with cheque, cash, or credit cards. The market of mobile wallet can be segmented on the basis of application, in terms of value, as merchant purchases, money transfers, bill payments, and others.

On the basis of mode of payment, the global market can be divided into SMS, NFC, WAP, and others. On the basis of age groups, the mobile wallet market can be categorized into 18-29 years, 30-44 years, 45-59 years, and 60 years and above. The growing preference for reward and loyalty programs and emergence of cloud-based mobile payment solutions are laying opportunities for the growth of the global market, during the forecast period.

One of the main growth drivers in the Chinese mobile wallet market is the rapid upsurge in the internet penetration rate of the country, which is driven by the growing adoption of smartphones. The market of Latin America is driven by heavy consumer spending in Brazil. Over the previous years, Brazil has become the most profitable credit card market in Latin America. Some of the digital wallets operating in Brazil include PayPal, Pag Seguro, Mercado Pago, b-CashBanco de Brasil’s Stelo, and Oi Carterira.

The major companies operating in the global mobile wallet market include AMERICAN EXPRESS COMPANY, PayPal Holdings Inc., Google Inc., Visa Inc., Square Inc. LevelUp Inc., Apple Inc., MasterCard Incorporated, BlackBerry Limited, and Samsung Electronics Co. Ltd.

Table Of Contents

Global Mobile Wallet Market Size, Share, Development, Growth and Demand Forecast to 2020- Industry Insights by Application, by Mode of Payment, by Age Group and by Region
Chapter 1. Research Scope and Methodology

1.1 Market Definition

1.2 Market Scope

1.2.1 Market breakdown by application

1.2.2 Market breakdown by mode of payment

1.2.3 Market breakdown by age group

1.2.4 Market breakdown by geography

1.3 Research Methodology and Sources

Chapter 2. Executive Summary

2.1 Key Findings

2.2 Research Summary

Chapter 3. Market Outlook

3.1 Introduction

3.2 Mobile Payment Process Flow- Business Models

3.2.1 Operator centric model

3.2.2 Financial institution centric model

3.2.3 Collaboration model

3.3 Opportunities in the Global Mobile Wallet Market

3.3.1 Growing preference for reward and loyalty programs

3.3.2 Untapped emerging markets

3.4 Factors Driving the Growth of the Market and its Impact on Market Forecast

3.4.1 Growth in number of smartphone and mobile internet users

3.4.2 Greater convenience and accessibility

3.4.3 Increased use of mobile commerce

3.4.4 Functionalities offered by mobile wallets as compared to physical wallets

3.4.5 Impact analysis of drivers on market forecast

3.5 Factors Hindering the Growth of the Market and its Impact on Market Forecast

3.5.1 Lack of awareness among users

3.5.2 Growing consumer concern regarding data privacy and security

3.5.3 Impact analysis of restraints on market forecast

Chapter 4. Global Mobile Wallet Market Breakdown and Forecast (2011 - 2020)

4.1 Global Mobile Wallet Market Breakdown by Application

4.1.1 Merchant purchases

4.1.2 Money transfers

4.1.3 Bill payments

4.1.4 Others

4.2 Global Mobile Wallet Market Breakdown by Mode of Payment

4.2.1 SMS

4.2.2 NFC

4.2.3 WAP

4.2.4 Others

4.3 Global Mobile Wallet Market Breakdown by User Age Group

4.3.1 Age group 18-29 years

4.3.2 Age group 30-44 years

4.3.3 Age group 45-59 years

4.3.4 Age group 60 years and above

4.4 Global Mobile Wallet Market Breakdown by Geography

4.4.1 North America

4.4.2 Latin America

4.4.3 Europe

4.4.4 Asia-Pacific

4.4.5 Middle East and Africa (MEA)

Chapter 5. Global Mobile Wallet Market Breakdown by Application

5.1 Mobile wallet application in merchant purchases

5.2 Mobile wallet application in money transfers

5.3 Mobile wallet application in bill payments

5.4 Mobile wallet application in others

Chapter 6. Global Mobile Wallet Market Breakdown by Mode of Payment

6.1 SMS based mobile wallet market

6.2 NFC based mobile wallet market

6.3 WAP based mobile wallet market

6.4 Other mode of mobile wallet market

Chapter 7. Global Mobile Wallet Market Breakdown by Age-Groups

7.1 Mobile wallet market by 18-29 year age group

7.2 Mobile wallet market by 30-44 years age group

7.3 Mobile wallet market by 45-59 years age group

7.4 Mobile wallet market in 60 years and above age group

Chapter 8. Global Mobile Wallet Market Breakdown by Geography

8.1 North America Mobile Wallet Market

8.1.1 U.S. mobile wallet market

8.2 Latin America Mobile Wallet Market

8.2.1 Brazil mobile wallet market

8.2.2 Mexico mobile wallet market

8.3 Europe Mobile Wallet Market

8.3.1 France mobile wallet market

8.3.2 U.K. mobile wallet market

8.3.3 Germany mobile wallet market

8.4 Asia-Pacific Mobile Wallet Market

8.4.1 Japan mobile wallet market

8.4.2 South Korea mobile wallet market

8.4.3 China mobile wallet market

8.5 Middle East and Africa Mobile Wallet Market

8.5.1 Kenya mobile wallet market

Chapter 9. Competitive Landscape

9.1 Porter's Five Forces of Competitive Position Analysis

9.1.1 Bargaining power of buyers

9.1.2 Bargaining power of suppliers

9.1.3 Threat of new entrants

9.1.4 Intensity of rivalry

9.1.5 Threat of substitutes

9.2 Competitive Positioning of Global Mobile Wallet Market, By Application

9.3 Competitive Positioning of Global Mobile Wallet Market, By Mode of Payment

9.4 Competitive Positioning of Global Mobile Wallet Market, By Age Groups

9.5 Competitive Positioning of Key Players in the Global Mobile Wallet Market

Chapter 10. Company Profiles and Strategic Developments

10.1 Key Company Profiles

10.1.1 American Express Company

10.1.1.1 Business overview

10.1.1.2 Product and service offerings

10.1.2 PayPal Holdings Inc.

10.1.2.1 Business overview

10.1.2.2 Product and service offerings

10.1.3 Google Inc.

10.1.3.1 Business overview

10.1.3.2 Product and service offerings

10.1.4 Visa Inc.

10.1.4.1 Business overview

10.1.4.2 Product and service offerings

10.1.5 Square Inc.

10.1.5.1 Business overview

10.1.5.2 Product and service offerings

10.1.6 LevelUp Inc.

10.1.6.1 Business Overview

10.1.6.2 Product and service offerings

10.1.7 Apple Inc.

10.1.7.1 Business overview

10.1.7.2 Product and service offerings

10.1.8 MasterCard Incorporated

10.1.8.1 Business overview

10.1.8.2 Product and service offerings

10.1.9 BlackBerry Limited

10.1.9.1 Business overview

10.1.9.2 Product and service offerings

10.1.10 Samsung Electronics Co. Ltd.

10.1.10.1 Business overview

10.1.10.2 Product and service offerings

10.2 Strategic Developments in the Mobile Wallet Market

10.2.1 Acquisition and spin-off

10.2.2 Product/ Service launch

10.2.3 Service Expansion

Chapter 11. Appendix

11.1 List of Abbreviations

?



LIST OF TABLES

TABLE 1 SPECIFIC PRIMARY AND SECONDARY SOURCES USED FOR THIS PUBLICATION

TABLE 2 GLOBAL MOBILE WALLET MARKET SNAPSHOT

TABLE 3 DRIVERS FOR THE MARKET: IMPACT ANALYSIS

TABLE 4 RESTRAINTS FOR THE MARKET: IMPACT ANALYSIS

TABLE 5 GLOBAL MOBILE WALLET MARKET BREAKDOWN BY APPLICATION, $B (2011 - 2014)

TABLE 6 GLOBAL MOBILE WALLET MARKET BREAKDOWN BY APPLICATION, $B (2015 - 2020)

TABLE 7 GLOBAL MOBILE WALLET MARKET BREAKDOWN BY MODE OF PAYMENT, $B (2011 - 2014)

TABLE 8 GLOBAL MOBILE WALLET MARKET BREAKDOWN BY MODE OF PAYMENT, $B (2015 - 2020)

TABLE 9 GLOBAL MOBILE WALLET MARKET BREAKDOWN BY USER AGE GROUP, $B (2011 - 2014)

TABLE 10 GLOBAL MOBILE WALLET MARKET BREAKDOWN BY USER AGE GROUP, $B (2015 - 2020)

TABLE 11 GLOBAL MOBILE WALLET MARKET BREAKDOWN BY GEOGRAPHY, $B (2011 - 2014)

TABLE 12 GLOBAL MOBILE WALLET MARKET BREAKDOWN BY GEOGRAPHY, $B (2015 - 2020)

TABLE 13 MERCHANT PURCHASES APPLICATION MARKET BREAKDOWN BY GEOGRAPHY, $B (2011 - 2014)

TABLE 14 MERCHANT PURCHASES APPLICATION, MARKET BREAKDOWN BY GEOGRAPHY, $B (2015 - 2020)

TABLE 15 MONEY TRANSFERS APPLICATION MARKET BREAKDOWN BY GEOGRAPHY, $B (2011 - 2014)

TABLE 16 MONEY TRANSFERS APPLICATION MARKET BREAKDOWN BY GEOGRAPHY, $B (2015 - 2020)

TABLE 17 BILL PAYMENTS APPLICATION MARKET BREAKDOWN BY GEOGRAPHY, $B (2011 - 2014)

TABLE 18 BILL PAYMENTS APPLICATION MARKET BREAKDOWN BY GEOGRAPHY, $B (2015 - 2020)

TABLE 19 OTHER MOBILE WALLET APPLICATIONS MARKET BREAKDOWN BY GEOGRAPHY, $B (2011 - 2014)

TABLE 20 OTHER MOBILE WALLET APPLICATIONS MARKET BREAKDOWN BY GEOGRAPHY, $B (2015 - 2020)

TABLE 21 SMS BASED MOBILE WALLET MARKET BREAKDOWN BY GEOGRAPHY, $B (2011 - 2014)

TABLE 22 SMS BASED MOBILE WALLET MARKET BREAKDOWN BY GEOGRAPHY, $B (2015 - 2020)

TABLE 23 NFC BASED MOBILE WALLET MARKET BREAKDOWN BY GEOGRAPHY, $B (2011 - 2014)

TABLE 24 NFC BASED MOBILE WALLET MARKET BREAKDOWN BY GEOGRAPHY, $B (2015 - 2020)

TABLE 25 WAP BASED MOBILE WALLET MARKET BREAKDOWN BY GEOGRAPHY, $B (2011 - 2014)

TABLE 26 WAP BASED MOBILE WALLET MARKET BREAKDOWN, BY GEOGRAPHY, $B (2015 - 2020)

TABLE 27 OTHER MODE OF MOBILE WALLET MARKET BREAKDOWN BY GEOGRAPHY, $B 2011 - 2014)

TABLE 28 OTHER MODE OF MOBILE WALLET MARKET BREAKDOWN BY GEOGRAPHY, $B (2015 - 2020)

TABLE 29 MOBILE WALLET MARKET SIZE IN 18-29 YEARS AGE GROUP, BY GEOGRAPHY, $B (2011 - 2014)

TABLE 30 MOBILE WALLET MARKET SIZE IN18-29 YEARS AGE GROUP, BY GEOGRAPHY, $B (2015 - 2020)

TABLE 31 MOBILE WALLET MARKET SIZE IN 30-44 YEARS AGE GROUP, BY GEOGRAPHY, $B (2011 - 2014)

TABLE 32 MOBILE WALLET MARKET SIZE IN 30-44 YEARS AGE GROUP, BY GEOGRAPHY, $B (2015 - 2020)

TABLE 33 MOBILE WALLET MARKET SIZE IN 45-59 YEARS AGE GROUP, BY GEOGRAPHY, $B (2011 - 2014)

TABLE 34 MOBILE WALLET MARKET SIZE IN 45-59 YEARS AGE GROUP, BY GEOGRAPHY, $B (2015 - 2020)

TABLE 35 MOBILE WALLET MARKET SIZE IN ABOVE 60 YEARS AGE GROUP, BY GEOGRAPHY, $B (2011 - 2014)

TABLE 36 MOBILE WALLET MARKET SIZE IN ABOVE 60 YEARS AGE GROUP, BY GEOGRAPHY, $B (2015 - 2020)

TABLE 37 NORTH AMERICA MOBILE WALLET MARKET BREAKDOWN BY COUNTRY, $B (2011 - 2014)

TABLE 38 NORTH AMERICA MOBILE WALLET MARKET BREAKDOWN BY COUNTRY, $B (2015 - 2020)

TABLE 39 LATIN AMERICA MOBILE WALLET MARKET BREAKDOWN BY COUNTRY, $B (2011 - 2014)

TABLE 40 LATIN AMERICA MOBILE WALLET MARKET BREAKDOWN BY COUNTRY, $B (2015 - 2020)

TABLE 41 EUROPE MOBILE WALLET MARKET BREAKDOWN BY COUNTRY, $B (2011 - 2014)

TABLE 42 EUROPE MOBILE WALLET MARKET BREAKDOWN BY COUNTRY, $B (2015 - 2020)

TABLE 43 ASIA-PACIFIC MOBILE WALLET MARKET BREAKDOWN BY COUNTRY, $B (2011 - 2014)

TABLE 44 ASIA-PACIFIC MOBILE WALLET MARKET BREAKDOWN BY COUNTRY, $B (2015 - 2020)

TABLE 45 MIDDLE EAST and AFRICA MOBILE WALLET MARKET BREAKDOWN BY COUNTRY, $B (2011 - 2014)

TABLE 46 MIDDLE EAST and AFRICA MOBILE WALLET MARKET BREAKDOWN BY COUNTRY, $B (2015 - 2020)

TABLE 47 AMERICAN EXPRESS COMPANY - KEY FACTS

TABLE 48 PAYPAL HOLDINGS INC. - KEY FACTS

TABLE 49 GOOGLE INC. - KEY FACTS

TABLE 50 VISA INC. - KEY FACTS

TABLE 51 SQUARE INC. - KEY FACTS

TABLE 52 LEVELUP INC.- KEY FACTS

TABLE 53 APPLE INC. - KEY FACTS

TABLE 54 MASTERCARD INCORPORATED - KEY FACTS

TABLE 55 BLACKBERRY LIMITED - KEY FACTS

TABLE 56 SAMSUNG ELECTRONICS CO. LTD. - KEY FACTS



LIST OF FIGURES

FIG 1 RESEARCH SCOPE FOR GLOBAL MOBILE WALLET MARKET

FIG 2 RESEARCH METHODOLOGY FOR GLOBAL MOBILE WALLET MARKET

FIG 3 MOBILE WALLET PROCESS FLOW IN OPERATOR CENTRIC MODEL

FIG 4 MOBILE WALLET PROCESS FLOW IN FINANCIAL INSTITUTION MODEL

FIG 5 MOBILE WALLET PROCESS FLOW IN COLLABORATION MODEL

FIG 6 GLOBAL MOBILE WALLET MARKET SIZE, $B (2011 - 2020)

FIG 7 GLOBAL MOBILE WALLET MARKET SIZE BY APPLICATION, $B (2011 - 2020)

FIG 8 GLOBAL MOBILE WALLET MARKET SIZE BY MODE OF PAYMENT, $B (2011 - 2020)

FIG 9 GLOBAL MOBILE WALLET MARKET SIZE BY USER AGE GROUP, $B (2011 - 2020)

FIG 10 GLOBAL MOBILE WALLET MARKET SIZE BY GEOGRAPHY, $B (2011 - 2020)

FIG 11 GLOBAL MOBILE WALLET MARKET SHARE, BY APPLICATION (2014 AND 2020)

FIG 12 GEOGRAPHICAL BREAKDOWN OF MOBILE WALLET MARKET IN MERCHANT PURCHASES (2014 AND 2020)

FIG 13 GEOGRAPHICAL BREAKDOWN OF MOBILE WALLET MARKET IN MONEY TRANSFERS, (2014 AND 2020)

FIG 14 GOGRAPHICAL BREAKDOWN OF MOBILE WALLET MARKET IN BILL PAYMENTS, (2014 AND 2020)

FIG 15 GEOGRAPHICAL BREAKDOWN OF MOBILE WALLET MARKET IN OTHER APPLICATIONS (2014 AND 2020)

FIG 16 GLOBAL MOBILE WALLET MARKET SHARE, BY MODE OF PAYMENT (2014 AND 2020)

FIG 17 SMS BASED MOBILE WALLET MARKET SHARE, BY GEOGRAPHY (2014 AND 2020)

FIG 18 NFC BASED MOBILE WALLET MARKET SHARE, BY GEOGRAPHY (2014 AND 2020)

FIG 19 WAP BASED MOBILE WALLET MARKET SHARE, BY GEOGRAPHY (2014 AND 2020)

FIG 20 OTHER MODE OF MOBILE WALLET MARKET SHARE, BY GEOGRAPHY (2014 AND 2020)

FIG 21 GLOBAL MOBILE WALLET MARKET SHARE, BY USER AGE GROUP (2014 AND 2020)

FIG 22 MOBILE WALLET MARKET IN 18-29 YEARS AGE GROUP, BY GEOGRAPHY (2014 AND 2020)

FIG 23 MOBILE WALLET MARKET IN 30-44 YEARS AGE GROUP, BY GEOGRAPHY (2014 AND 2020)

FIG 24 MOBILE WALLET MARKET IN 45-59 YEARS AGE GROUP, BY GEOGRAPHY (2014 AND 2020)

FIG 25 MOBILE WALLET MARKET IN ABOVE 60 YEARS AGE GROUP, BY GEOGRAPHY (2014 AND 2020)

FIG 26 GLOBAL MOBILE WALLET MARKET, BY GEOGRAPHY

FIG 27 NORTH AMERICA MOBILE WALLET MARKET SHARE BY COUNTRY (2014 AND 2020)

FIG 28 LATIN AMERICA MOBILE WALLET MARKET SHARE BY COUNTRY (2014 AND 2020)

FIG 29 EUROPE MOBILE WALLET MARKET SHARE BY COUNTRY (2014 AND 2020)

FIG 30 ASIA-PACIFIC MOBILE WALLET MARKET SHARE BY COUNTRY (2014 AND 2020)

FIG 31 MIDDLE EAST and AFRICA MARKET SHARE BY COUNTRY (2014 AND 2020)

FIG 32 PORTER'S FIVE FORCES OF COMPETITIVE POSITION ANALYSIS

FIG 33 COMPETITIVE POSITIONING OF GLOBAL MOBILE WALLET MARKET, BY APPLICATION

FIG 34 COMPETITIVE POSITIONING OF GLOBAL MOBILE WALLET MARKET, BY MODE OF PAYMENT

FIG 35 COMPETITIVE POSITIONING OF GLOBAL MOBILE WALLET MARKET, BY AGE GROUP

FIG 36 COMPETITIVE POSITIONING OF KEY PLAYERS IN THE GLOBAL MOBILE WALLET MARKET (2014)

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 Veronica

+1 718 514 2762

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:plp2015

Reportlinker.com © Copyright 2016. All rights reserved.

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