Deerfield Beach, FL -- (SBWIRE) -- 12/14/2015 -- The Global Mobile Wallet market is anticipated tgrow at a strong CAGR of 35.6% during the forecast period 2014 t2022. The factors that are driving the market growth include rising awareness regarding mobile wallets and their applications, growing smart phone penetration and escalating benefits of mobile wallets. However factors such as security, huge capital investment and technology immaturity of mobile wallet are hindering the market growth. In the digital payments industry, Mobile wallets are considered tbe a revolutionary trend.

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During the forecast period, the fastest growing region for the mobile wallet market is anticipated as Asia Pacific growing at more than 40% followed by Europe. Absence of rules and track of mobile enabled payments in African countries has triggered the mobile wallet market growth in this region, while unwillingness of merchants in Asia Pacific countries such as India, conditionally has embraced the growth, which in turn will prompt the much quicker acceptance in upcoming years. The OSS/BSS Solution Providers is poised twitness utmost growth rate mainly due tthe reliable development of mobile wallet in terms of technology specifically NFC technology.

The key players in the global Mobile wallet market are Apple, Google, Amazon.com, MasterCard, Visa, Citrus Payment Solutions, American Express, Bank of America, PayPal and Airtel Money.

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Transactions Covered:

Mobile commerce transactions
Money transfer
Mobile ticketing
Mobile coupons
Micropayments
Others

Applications Covered:

Entertainment
Shopping
Hotel Booking
Bill Payments
Rail, Metrand Bus Tickets
Air Tickets and Boarding Passes
Others

Users Covered:

Mobile Network Operators
Hardware Solution Manufacturers
Software Developers
Content and Applications Aggregators
Mobile Wallet Stakeholders
OSS/BSS solution providers
Others

Regions Covered:

North America
US
Canada
Europe
Germany
France
Italy
UK
Spain
Asia Pacific
Japan
China
India
Australia
New Zealand
Rest of Asia
Rest of the World
Latin America
Middle East
Africa
Others

This study highlights current dynamics and developments in the Mobile Wallet market. The report incorporates in-depth analysis of the market growth drivers as well as the inhibiting factors in the Mobile Wallet market. The scope of the report covers an extensive evaluation pertaining to the winning imperatives and stakeholder strategies through a presentation of the segmentation of Mobile Wallet market in the report.

The numerous factors stimulating this market have been evaluated in the sections of this report. Along with the regional analysis, the current trends in the Mobile Wallet market, coupled with the reasons behind the development of some unique segments, have additionally been described in this Mobile Wallet market report. The report highlights the competitive landscape by elaborating on the current mergers and acquisitions (M&A), product developments, and venture funding that took place in the Mobile Wallet market in the recent past.

The section pertaining to the company profiles explains the dominance of the key players in the Mobile Wallet market and an evaluation on the major strategies employed by these key players in order to gain a bigger share in the Mobile Wallet market. This will help enhance the understanding on the competitors as well as help in gaining strong insights for strengthening one's position in the Mobile Wallet market.

There are numerous factors that are considered in order to provide the analysis and forecast of the Mobile Wallet market. Some of the factors are technological, political, social, and economic Mobile Wallet market factors. Various analytical tools such as Porter's Five Forces Analysis and Mobile Wallet market SWOT analysis are utilized to analyze the data of the Mobile Wallet market and help provide a better understanding of the market. The data has been presented via charts, tables, and graphics in Mobile Wallet market research report. This visual presentation of the data is very useful in providing a clearer view of the leading applications, end users, and key segments of the Mobile Wallet market.