Mobile Wallet (NFC, Digital Wallet) Market Size | Status | Top Players | Trends | Forecast to 2025

MarketResearchNest.com adds “Global Mobile Wallet (NFC, Digital Wallet) Market Size, Status and Forecast 2019-2025” new report to its research database. The report spread across 103 with table and figures in it.

Mobile wallet is a technology where debit and credit card information can be stored in the smart phone. In the other words instead of keeping the physical cards, one can just pay the bill with the help of the smart phone where the credentials of bank details, card and internet banking information is stored.

NFC product type is expected to have highest growth rate with the increasing penetration of NFC-enabled smartphones across all the regions. The product flexibility for converting the devices to NFC-enabled is expected to drive the mobile wallet market growth.

This report studies the Mobile Wallet (NFC, Digital Wallet) Market with many aspects of the industry like the market size, market status, market trends and forecast, the report also provides brief information of the competitors and the specific growth opportunities with key market drivers. Find the complete Mobile Wallet (NFC, Digital Wallet) market analysis segmented by companies, region, type and applications in the report.

North America prevails over another region on account of its shift towards a digital economy. Europe is also showing robust mobile wallet market growth rate, followed by the Asia Pacific. Asian countries show high growth potential due to the adoption of smartphones. At present; in the UK more than 88% of consumer payments are made via cashless modes. In the U.S. 80% of the consumer are using online payment. Governments are supporting mobile wallet and have implemented policies to move their countries to cashless economies.

In the Asia Pacific, Japan, China and India are moving towards cashless countries. There is a high growth opportunity for mobile wallet due to increased adoption of the smartphone in this region. In India, after demonetization, online payment transfer has been increased drastically. Government supports the cashless country and digital country and such initiatives will fuel the growth of mobile wallet market. A company like paytm and freecharge revenue has doubled recently. All the countries are supporting online wallet payment which will help to track all type of transaction and lower the black money transactions.

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In 2018, the global Mobile Wallet (NFC, Digital Wallet) market size was – – million US$ and it is expected to reach – – million US$ by the end of 2025, with a CAGR of – -% during 2019-2025.

This report focuses on the global Mobile Wallet (NFC, Digital Wallet) status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Mobile Wallet (NFC, Digital Wallet) development in United States, Europe and China.

The key players covered in this study:

  • MasterCard
  • Apple
  • Amazon
  • Square
  • Citibank
  • Citrus Payment
  • Dwolla
  • Merchant Customer Exchange
  • Visa
  • Microsoft
  • Sprint
  • First Data
  • Paytm
  • Samsung
  • Google

Market segment by Type, the product can be split into

  • Hardware
  • Software
  • Services

Market segment by Application, split into

  • MNOs
  • Financial Institutions (Banks)
  • Payment Network
  • Intermediaries
  • Merchants
  • Customers

Market segment by Regions/Countries, this report covers

  • United States
  • Europe
  • China
  • Japan
  • Southeast Asia
  • India
  • Central and South America

Browse full table of contents and data tables @

https://www.marketresearchnest.com/Global-Mobile-Wallet-NFC-Digital-Wallet-Market-Size-Status-and-Forecast-2019-2025.html

Highlights of the Global Mobile Wallet (NFC, Digital Wallet) report:

  1. A complete backdrop analysis, which includes an assessment of the Mobile Wallet (NFC, Digital Wallet) Market
  2. An objective assessment of the trajectory of the market
  3. Market segmentation up to the second or third level
  4. Reporting and evaluation of recent industry developments
  5. Important changes in market dynamics
  6. Emerging niche segments and regional markets
  7. Historical, current, and projected size of the market from the standpoint of both value and volume
  8. Market shares and strategies of key players
  9. Recommendations to companies for strengthening their foothold in the market

The study objectives of this report are:

  • To analyze global Mobile Wallet (NFC, Digital Wallet) status, future forecast, growth opportunity, key market and key players.
  • To present the Mobile Wallet (NFC, Digital Wallet) development in United States, Europe and China.
  • To strategically profile the key players and comprehensively analyze their development plan and strategies.
  • To define, describe and forecast the market by product type, market and key regions.

In this study, the years considered to estimate the market size of Mobile Wallet (NFC, Digital Wallet) are as follows:

  • History Year: 2014-2018
  • Base Year: 2018
  • Estimated Year: 2019
  • Forecast Year 2019 to 2025

For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

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Industry Analysis

IT stands for information technology. It is all about organizing, storing and processing information. IT is mainly associated with computers that use network to share information. Telecommunication occurs when two devices communicate with each other with the use of technology. It can be signals transmitted electrically over physical media, such as cables, or via electromagnetic radiation.

The use of fiber optics has drastically improved the speed of communication. Networks are thousand times faster today than the previous phone connection internet which we earlier seem to make use of. Introduction of the Smart phones had brought up a revolutionary change in the lifestyle of people. There is a huge market for various types of smart phone applications. People are getting access to the IOT (internet of things) more easily than it was. There are Different kind of sensors fitted to the devices for example GPS, gyroscope, compass which has introduced different kinds of applications.

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Saga J

Saga is a Contributor to Market Biz, He carries a vast experience of industry research helping many companies in taking business decisions. Saga graduated from Middlesex University UK, where he got his bachelor’s degree in Business Administration and Done His Masters in Marketing Management from Middlesex, Born in Jaipur, Saga’s family moved to Mumbai in 1991 where he spent his School life and worked as a creative strategist for Eleven years

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