Boston, MA -- (SBWIRE) -- 01/23/2017 -- The growing use of 3G and 2G mobile data and broadband globally is a major factor contributing to the growth of the global mobile wallet market. Mobile wallets are equipped with options like integration with coupons and tickets, which are making them highly popular among users. In addition, users can also save their card and bank details on their smartphones and make payments and purchases easily. The increasing technological advances in NFC devices and growing security of payment portals are other factors driving the market growth.

Technavio's analysts forecast the global mobile wallet market to grow at a CAGR of 35.5% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global mobile wallet market for 2017-2021. To calculate the market size, the report considers the revenue generated from the from retail transactions sourced through mobile wallets. These transactions include m-commerce transactions, mobile ticketing, mobile coupons, money transfer, and micropayments.

Get More Details on this Report and a Full Table of Contents at Global Mobile Wallet Market 2017-2021

The market is divided into the following segments based on geography:

-Americas
-APAC
-EMEA

Technavio's report, Global Mobile Wallet Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

-Alibaba Group
-Apple
-Citrus Payment Solutions
-Google
-MasterCard
-Oxigen Services
-PayPal Holdings
-Samsung Electronics
-Visa

Other prominent vendors

-Airtel
-American Express
-Bank of America
-Dwolla
-LevelUp
-LivQuik
-Merchant Customer Exchange
-MobiKwik
-M-Pesa
-Square
-Venmo
-Y-cash Software Solutions
-ZipCash

Market driver

-High adoption of contactless payment solutions
-For a full, detailed list, view our report

Market challenge

-Lack of awareness about features of mobile wallet technology
-For a full, detailed list, view our report

Market trend

-Rapid growth in 3G/4G subscriptions and mobile data consumption
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2020 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Consumer Goods research reports at Fast Market Research

You may also be interested in these related reports:
-Global Mobile Pet Care Market 2016-2020
-Global Mobile Wallet Market 2016-2020
-Tech Titans and Their Prospects in the Impending Global Mobile Wallet War
-Global Mobile Communications and Mobile Broadband - Analyses and Statistics
-Wireless Telecommunication Carriers Global Market Report 2017