Mobile Wallet and Payment Technologies: Global Markets

Published - Apr 2019| Analyst - BCC Research Staff| Code - IFT070C
Mobile Wallet and Payment Technologies: Global Markets
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Report Highlights

The global market for mobile wallet and payment technologies should grow from $35.7 billion in 2018 to $138.5 billion by 2023 at a compound annual growth rate (CAGR) of 31.1% for the period of 2018-2023.

Report Includes

  • 83 data tables
  • An overview of the global markets for mobile wallet and payment technologies
  • Analyses of global market trends, with data from 2017, 2018, and projections of compound annual growth rates (CAGRs) through 2023
  • Information on key segments of mobile wallet and payment technologies including application, mode of payment, and region
  • Description of components of mobile payment and infrastructure status for NFC (near-field communication)
  • Snapshot of mobile wallet procurement systems and life cycle management
  • Insights of legislation and regulations related to industry
  • Profiles of major companies of the industry including, American Express, Citigroup Inc., Fidelity National Information Services Inc., Mastercard and Visa Inc.

Report Scope

The scope of this study includes market information on mobile wallet and payment technologies and their key segments, including applications, modes of payment, stakeholders and regions. However, the scope of the mobile wallet market excludes online payments methods such as IMPS, NEFT and RTGS that are followed in banks; payments through debit or credit cards (electronic fund transfers at the point of sales); and online trading. The mobile wallet includes only payments made through exclusive service providers using a personalized mobile wallet account.

By application, the mobile wallet and payment technology market is segmented into mobile commerce (mobile shopping, mobile bill payments, hospitality, and mobile entertainment and event pay), mobile ticketing (such as tickets and boarding passes for trains, buses, other metro transit options and airplanes), mobile coupon, mobile transfer, mobile micropayment and others.

The market by mode of payment includes remote payment, which includes SMS and unstructured supplementary service data, and near-field communication (NFC), which includes NFC handsets, NFC chips and tags, NFC readers, NFC micro SD and NFC SIM/universal integrated circuit [UICC] cards.

In addition, the mobile wallet and payment technology market is segmented by stakeholders, including mobile network operators, handset and other hardware solution manufacturers, mobile payment networks and banks, operational support system (OSS) and business support system (BSS) solution providers, software developers and cloud computing, content and application aggregators, trusted service managers and other stakeholders.

The market breakdown by geographic region includes North America (U.S., Canada and Mexico); Europe, the Middle East and Africa (EMEA) (Germany, France, U.K., Italy and others), Asia-Pacific (China, India, Japan, Australia and others) and Rest of World (Argentina, Brazil and others).

The study undertakes an in-depth analysis of various market segments, and their revenue forecasts are given for all of the above-mentioned segments in the mobile wallet and payment technology market with estimated values derived from vendors’ total revenue. Market estimates are provided for 2017 and 2018 and forecast for 2023.

The report also includes a discussion of the major players across each regional market. Further, it explains the major drivers, restraints and challenges, and technologies of the market. The report concludes with a special focus on patents and the vendor landscape, which includes detailed profiles of major vendors in the global mobile wallet and payment technology market. Some of the companies profiled in the report include Alphabet Inc., PayPal Holding Inc., Paytm Mobile Solutions Pvt. Ltd, Visa Inc., Apple Inc., Google, Mastercard, Alibaba Group and Samsung electronics. Co. Ltd.

Analyst Credentials

BCC Research staff comprises expert analysts who are skilled in conducting primary research, secondary research and data analysis and have decades of combined experience covering a wide range of industries, including healthcare, advanced materials and emerging technologies. Collectively, the team represents a diverse set of educational achievements with individual graduate work completed in fields such as microbiology, electrical engineering, business administration and surgery, among others.

Table of Contents & Pricing

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Published - Jun-2016| Analyst - Natraj Pandal| Code - IFT070B

Report Highlights

The global mobile wallet market reached $46.8 billion in 2014. The market is expected to reach $635.0 billion by 2020 from $113.5 billion in 2015, increasing at a compound annual growth rate (CAGR) of 41.1% from 2015 to 2020.

Report Includes

  • An overview of the global mobile wallet market and related payment technologies.
  • Analyses of global market trends, with data from 2014, estimates for 2015, and projections of CAGRs through 2020.
  • Examination of supporting equipment and technologies, including RFID, smartphones, and 4G technology.
  • Discussion of payment framework and challenges, and legislation and regulatory framework for devices and technologies.
  • Delineation of technologies, such as mobile commerce, mobile payments (taxis, hotels, phone bills and others, and entertainment events), premium messages, mobile Web payments, near-field communication (NFC), cloud computing, and social media.
  • Comprehensive company profiles of major players.

Published - Apr-2013| Analyst - Priyanka Patel| Code - IFT070A

Report Highlights

The global market for mobile wallet technologies was valued at just $4.1 billion in 2011 and increased to $8 billion in 2012. This market is expected to reach $665.1 billion in 2017 after increasing at a five-year compound annual growth rate (CAGR) of 142.1%. 

Report Includes

  • An overview of the global mobile wallet market.
  • Analyses of global market trends, with data from 2011 and 2012, and projections of compound annual growth rates (CAGRs) through 2017.
  • Examination of supporting equipment and technologies, including RFID, smartphones, and 4G technology.
  • Discussion of payment framework and challenges, and legislation and regulatory framework for devices and technologies.
  • Delineation of technologies, such as mobile commerce, mobile payments (taxis, hotels, phone bills and others, and entertainment events), premium messages, mobile Web payments, near-field communication (NFC), cloud computing, and social media.
  • Comprehensive company profiles of major players.

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