Home / Technology & Media / Mobile Wallet Market By Application (Mobile Commerce, Money Transfer, Mobile Recharge, Utilities and Bill Payments, and Other Applications), By End-use Application (Retail, Transportation, Restaurants, Utilities, Telecom, and Others) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023

Mobile Wallet Market By Application (Mobile Commerce, Money Transfer, Mobile Recharge, Utilities and Bill Payments, and Other Applications), By End-use Application (Retail, Transportation, Restaurants, Utilities, Telecom, and Others) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023

Published: Sep 2016 | Report Code: 58075-09-16

Report Scope

This report analyzes the global mobile wallet market in terms of application, end-use, and geography. On the basis of application, the market is segmented into mobile commerce, money transfer, mobile recharge, utility and bill payments, and other applications. Similarly, on the basis of end-use, the global mobile wallet market is further classified into retail, transportation, restaurants, utilities, and telecom among others. The geographical distribution of the global mobile wallet market considered in this study encompasses regional markets such as Americas, Europe, Middle East and Africa, and Asia Pacific.

Mobile Wallet Market 

Overview:

With the flourishing m-commerce industry, there has been significant rise in mobile shopping and mobile banking activities. The flourishing m-commerce industry paired with the proliferation of smartphones and Internet penetration are driving the mobile wallet market worldwide. In addition, the advancements in technology have led to increase in the number of smartphones supporting contactless payment technologies like near-field communication (NFC). This, in turn is favoring the market demand. These factors are expected to contribute towards a double digit compounded annual growth rate (CAGR) during the forecast period 2016 – 2023.

Mobile Wallet Market

1.1    Report Description

Purpose of the Report

The purpose of this strategic research study titled “Mobile Wallet Market - Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2023” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the global payments industry.

1.1.1   Target Audience

  • Industry Investors
  • Mobile Wallet Technology Developers
  • Mobile Network Operators (MNO)
  • Value Added Resellers
  • Banks and Financial Institutions
  • Retailers and Merchants
  • Other End-users

1.1.2   USP and Key Offerings

The report titled “Global Mobile Wallet Market - Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2023” offers strategic insights into the global mobile wallet market along with the market size and estimates for the duration 2013 to 2023. The said research study covers in-depth analysis of multiple market segments based on application, end-use, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the key industry participants, their SCOT (Strength, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and recent developments. Other in-depth analysis provided in the report includes:

  • An overview of the global mobile wallet market
  • Current and future market trends to justify the forthcoming attractive sub-markets within the global payments industry
  • Qualitative assessment tools such as market drivers, challenges and future prospects, value chain, and attractive investment proposition.
  • Focus on each level of market segmentation based on product approvals, launch, and current and anticipated market dynamics.
  • A general overview of the industry structure
  • Company profiles highlighting key information about the major players operating in the global mobile wallet market
  • Market competition scrutiny tools such as market share analysis, fractal map, etc.
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global mobile wallet market, offering market size and estimates for the period from 2013 to 2023, keeping in mind the above mentioned factors.

 

1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted

2. Executive Summary
2.1. Global Mobile Wallet Market Snapshot

3. Global Mobile Wallet Market Analysis
3.1. Global Mobile Wallet Market Overview
3.2. Market Inclination Insights
3.2.1. Recent Trends
3.2.2. Future Outlook
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Challenges
3.4. Porters Five Force Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitutes
3.4.4. Industry Rivalry
3.4.5. Threat of New Entrant
3.5. Attractive Investment Proposition
3.6. Competitive Landscape
3.6.1. Market Positioning of Leading Manufacturers
3.6.2. Major Strategies Adopted
3.6.3. Analyst Recommendations

4. Global Mobile Wallet Market Revenue, By Application, 2013 – 2023 (US$ Bn)
4.1. Tornado Analysis
4.2. Mobile Commerce
4.3. Money Transfer
4.4. Mobile Recharge
4.5. Utility and Bill Payments
4.6. Other Applications

5. Global Mobile Wallet Market Revenue, By End-use Application, 2013 – 2023 (US$ Bn)
5.1. Tornado Analysis
5.2. Retail
5.3. Transportation
5.4. Utilities
5.5. Restaurant
5.6. Telecom
5.7. Others

6. Americas Mobile Wallet Market Analysis, 2013 – 2023 (US$ Bn)
6.1. Americas Mobile Wallet Market Revenue, By Application, 2013 – 2023 (US$ Bn)
6.1.1. Mobile Commerce
6.1.2. Money Transfer
6.1.3. Mobile Recharge
6.1.4. Utility and Bill Payments
6.1.5. Other Applications
6.2. Americas Mobile Wallet Market Revenue, By End-use Application, 2013 – 2023 (US$ Bn)
6.2.1. Retail
6.2.2. Transportation
6.2.3. Utilities
6.2.4. Restaurant
6.2.5. Telecom
6.2.6. Others
6.3. Americas Mobile Wallet Market Revenue, By Country, 2013 – 2023 (US$ Bn)
6.3.1. North America
6.3.1.1. U,S,
6.3.1.1.1. U.S. Mobile Wallet Market Revenue, By Application, 2013 – 2023 (US$ Bn)
6.3.1.1.2. U.S. Mobile Wallet Market Revenue, By End-use Application, 2013 – 2023 (US$ Bn)
6.3.1.2. Canada
6.3.1.2.1. Canada Mobile Wallet Market Revenue, By Application, 2013 – 2023 (US$ Bn)
6.3.1.2.2. Canada Mobile Wallet Market Revenue, By End-use Application, 2013 – 2023 (US$ Bn)
6.3.2. Latin America
6.3.2.1. Latin America Mobile Wallet Market Revenue, By Application, 2013 – 2023 (US$ Bn)
6.3.2.2. Latin America Pacific Mobile Wallet Market Revenue, By End-use Application, 2013 – 2023 (US$ Bn)

7. Europe, Middle East and Africa Mobile Wallet Market Analysis, 2013 – 2023 (US$ Bn)
7.1. Europe, Middle East and Africa Mobile Wallet Market Revenue, By Application, 2013 – 2023 (US$ Bn)
7.1.1. Mobile Commerce
7.1.2. Money Transfer
7.1.3. Mobile Recharge
7.1.4. Utility and Bill Payments
7.1.5. Other Applications
7.2. Europe, Middle East and Africa Mobile Wallet Market Revenue, By End-use Application, 2013 – 2023 (US$ Bn)
7.2.1. Retail
7.2.2. Transportation
7.2.3. Utilities
7.2.4. Restaurant
7.2.5. Telecom
7.2.6. Others
7.3. Europe, Middle East and Africa Mobile Wallet Market Revenue, By Region, 2013 – 2023 (US$ Bn)
7.3.1. Europe
7.3.1.1. U.K.
7.3.1.1.1. U.K. Mobile Wallet Market Revenue, By Application, 2013 – 2023 (US$ Bn)
7.3.1.1.2. U.K. Mobile Wallet Market Revenue, By End-use Application, 2013 – 2023 (US$ Bn)
7.3.1.2. Germany
7.3.1.2.1. Germany Mobile Wallet Market Revenue, By Application, 2013 – 2023 (US$ Bn)
7.3.1.2.2. Germany Mobile Wallet Market Revenue, By End-use Application, 2013 – 2023 (US$ Bn)
7.3.1.3. France
7.3.1.3.1. France Mobile Wallet Market Revenue, By Application, 2013 – 2023 (US$ Bn)
7.3.1.3.2. France Mobile Wallet Market Revenue, By End-use Application, 2013 – 2023 (US$ Bn)
7.3.1.4. Rest of Europe
7.3.1.4.1. Rest of Europe Mobile Wallet Market Revenue, By Application, 2013 – 2023 (US$ Bn)
7.3.1.4.2. Rest of Europe Market Revenue, By End-use Application, 2013 – 2023 (US$ Bn)
7.3.2. Middle-East and Africa
7.3.2.1. Middle-East and Africa Mobile Wallet Market Revenue, By Application, 2013 – 2023 (US$ Bn)
7.3.2.2. Middle-East and Africa Mobile Wallet Market Revenue, By End-use Application, 2013 – 2023 (US$ Bn)

8. Asia Pacific Mobile Wallet Market Analysis, 2013 – 2023 (US$ Bn)
8.1. Asia Pacific Mobile Wallet Market Revenue, By Application, 2013 – 2023 (US$ Bn)
8.1.1. Mobile Commerce
8.1.2. Money Transfer
8.1.3. Mobile Recharge
8.1.4. Utility and Bill Payments
8.1.5. Other Applications
8.2. Asia Pacific Mobile Wallet Market Revenue, By End-use Application, 2013 – 2023 (US$ Bn)
8.2.1. Retail
8.2.2. Transportation
8.2.3. Utilities
8.2.4. Restaurant
8.2.5. Telecom
8.2.6. Others
8.3. Asia Pacific Mobile Wallet Market Revenue, By Country, 2013 – 2023 (US$ Bn)
8.3.1. Japan
8.3.1.1. Japan Mobile Wallet Market Revenue, By Application, 2013 – 2023 (US$ Bn)
8.3.1.2. Japan Mobile Wallet Market Revenue, By End-use Application, 2013 – 2023 (US$ Bn)
8.3.2. China
8.3.2.1. China Mobile Wallet Market Revenue, By Application, 2013 – 2023 (US$ Bn)
8.3.2.2. China Mobile Wallet Market Revenue, By End-use Application, 2013 – 2023 (US$ Bn)
8.3.3. India
8.3.3.1. India Mobile Wallet Market Revenue, By Application, 2013 – 2023 (US$ Bn)
8.3.3.2. India Mobile Wallet Market Revenue, By End-use Application, 2013 – 2023 (US$ Bn)
8.3.4. Rest of Asia Pacific
8.3.4.1. Rest of Asia Pacific Mobile Wallet Market Revenue, By Application, 2013 – 2023 (US$ Bn)
8.3.4.2. Rest of Asia Pacific Mobile Wallet Market Revenue, By End-use Application, 2013 – 2023 (US$ Bn)

9. Company Profiles
9.1. Apple, Inc.
9.2. Google, Inc.
9.3. PayPal Holdings Inc.
9.4. Visa Inc.
9.5. BlackBerry Ltd.
9.6. MasterCard Inc.
9.7. First Data Corporation
9.8. The American Express Company
9.9. AT&T, Inc.
9.10. Citrus Payment Solutions
9.11. ZipCash
9.12. ZipPay

List of Figures

FIG. 1 Global Mobile Wallet: Market Segmentation
FIG. 2 Global Mobile Wallet Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global Mobile Wallet Market, By Application, 2015 (US$ Bn)
FIG. 5 Global Mobile Wallet Market, By End-use Application, 2015 (US$ Bn)
FIG. 6 Global Mobile Wallet Market, By Geography, 2015 (US$ Bn)
FIG. 7 Global Mobile Wallet Market Revenue and Growth, 2013 - 2023, (US$ Bn and % Y-o-Y)
FIG. 8 See-Saw Analysis : Global Mobile Wallet Market
FIG. 9 Porters Five Force Analysis: Global Mobile Wallet Industry
FIG. 10 Market Positioning of Key Industry Participants, 2015
FIG. 11 Global Mobile Wallet Market Revenue Contribution, By Application, 2015 & 2023 (Value %)
FIG. 12 Global Mobile Wallet Market Revenue and Growth for Mobile Commerce Applications, 2013 - 2023, (US$ Bn)
FIG. 13 Global Mobile Wallet Market Revenue and Growth for Money Transfer Applications, 2013 - 2023, (US$ Bn)
FIG. 14 Global Mobile Wallet Market Revenue and Growth for Mobile Recharge Applications, 2013 - 2023, (US$ Bn)
FIG. 15 Global Mobile Wallet Market Revenue and Growth for Utility & Bill Payment Applications, 2013 - 2023, (US$ Bn)
FIG. 16 Global Mobile Wallet Market Revenue and Growth for Other Applications, 2013 - 2023, (US$ Bn)
FIG. 17 Global Mobile Wallet Market Revenue Contribution, By End-use Application, 2015 & 2023 (US$ Bn)
FIG. 18 Global Mobile Wallet Market Revenue and Growth for Retail Applications, 2013 - 2023, (US$ Bn)
FIG. 19 Global Mobile Wallet Market Revenue and Growth for Transportation Applications, 2013 - 2023, (US$ Bn)
FIG. 20 Global Mobile Wallet Market Revenue and Growth for Utilities Applications, 2013 - 2023, (US$ Bn)
FIG. 21 Global Mobile Wallet Market Revenue and Growth for Restaurant Application, 2013 - 2023, (US$ Bn)
FIG. 22 Global Mobile Wallet Market Revenue and Growth for Telecom Applications, 2013 - 2023, (US$ Bn)
FIG. 21 Global Mobile Wallet Market Revenue and Growth for Other Applications, 2013 - 2023, (US$ Bn)
FIG. 23 Americas Mobile Wallet Market Revenue and Growth, 2013 - 2023, (US$ Bn) (Y-o-Y %)
FIG. 24 Europe, Middle East and Africa Mobile Wallet Market Revenue and Growth, 2013 - 2023, (US$ Bn) (Y-o-Y %)
FIG. 25 Asia Pacific Mobile Wallet Market Revenue and Growth, 2013 - 2023, (US$ Bn) (Y-o-Y %)

List of Tables

TABLE 1 Market Snapshot: Global Mobile Wallet Market
TABLE 2 Evolution of Mobile Wallet
TABLE 3 Impact Indicators
TABLE 4 Impact Analysis of Drivers and Restraints
TABLE 5 Americas Mobile Wallet Market Revenue, By Application, 2013 - 2023 (US$ Bn)
TABLE 6 Americas Mobile Wallet Market Revenue, By End-use Application, 2013 - 2023 (US$ Bn)
TABLE 7 Americas Mobile Wallet Market Revenue, By Country, 2013 - 2023 (US$ Bn)
TABLE 8 U.S. Mobile Wallet Market Revenue, By Product Application, 2013 - 2023 (US$ Bn)
TABLE 9 U.S. Mobile Wallet Market Revenue, By End-use Application, 2013 - 2023 (US$ Bn)
TABLE 10 Canada Mobile Wallet Market Revenue, By Product Application, 2013 - 2023 (US$ Bn)
TABLE 11 Canada Mobile Wallet Market Revenue, By End-use Application, 2013 - 2023 (US$ Bn)
TABLE 12 Latin America Mobile Wallet Market Revenue, By Product ype, 2013 - 2023 (US$ Bn)
TABLE 13 Latin America Mobile Wallet Market Revenue, By End-use Application, 2013 - 2023 (US$ Bn)
TABLE 14 Europe, Middle East and Africa Mobile Wallet Market Revenue, By Product Application, 2013 - 2023 (US$ Bn)
TABLE 15 Europe, Middle East and Africa Mobile Wallet Market Revenue, By End-use Application, 2015 - 2023 (US$ Bn)
TABLE 16 Europe, Middle East and Africa Mobile Wallet Market Revenue, By Country, 2013 - 2023 (US$ Bn)
TABLE 17 U.K. Mobile Wallet Market Revenue, By Product Application, 2013 - 2023 (US$ Bn)
TABLE 18 U.K. Mobile Wallet Market Revenue, By End-use Application, 2013 - 2023 (US$ Bn)
TABLE 19 France Mobile Wallet Market Revenue, By Product Application, 2013 - 2023 (US$ Bn)
TABLE 20 France Mobile Wallet Market Revenue, By End-use Application, 2013 - 2023 (US$ Bn)
TABLE 21 Germany Mobile Wallet Market Revenue, By Product Application, 2013 - 2023 (US$ Bn)
TABLE 22 Germany Mobile Wallet Market Revenue, By End-use Application, 2013 - 2023 (US$ Bn)
TABLE 23 Rest of Europe, Middle East and Africa Mobile Wallet Market Revenue, By Product Application, 2013 - 2023 (US$ Bn)
TABLE 24 Rest of Europe, Middle East and Africa Mobile Wallet Market Revenue, By End-use Application, 2013 - 2023 (US$ Bn)
TABLE 25 Middle-East and Africa Mobile Wallet Market Revenue, By Product Application, 2013 - 2023 (US$ Bn)
TABLE 26 Middle-East and Africa Mobile Wallet Market Revenue, By End-use Application, 2013 - 2023 (US$ Bn)
TABLE 27 Asia Pacific Mobile Wallet Market Revenue, By Product Application, 2013 - 2023 (US$ Bn)
TABLE 28 Asia Pacific Mobile Wallet Market Revenue, By End-use Application, 2013 - 2023 (US$ Bn)
TABLE 29 Asia Pacific Mobile Wallet Market Revenue, By Country, 2013 - 2023 (US$ Bn)
TABLE 30 China Mobile Wallet Market Revenue, By Product Application, 2013- 2023 (US$ Bn)
TABLE 31 China Mobile Wallet Market Revenue, By End-use Application, 2013 - 2023 (US$ Bn)
TABLE 32 Japan Mobile Wallet Market Revenue, By Product Application, 2013 - 2023 (US$ Bn)
TABLE 33 Japan Mobile Wallet Market Revenue, By End-use Application, 2013 - 2023 (US$ Bn)
TABLE 34 India Mobile Wallet Market Revenue, By Product Application, 2013 - 2023 (US$ Bn)
TABLE 35 India Mobile Wallet Market Revenue, By End-use Application, 2013 - 2023 (US$ Bn)
TABLE 34 Rest of APAC Mobile Wallet Market Revenue, By Product Application, 2013 - 2023 (US$ Bn)
TABLE 35 Rest of APAC Mobile Wallet Market Revenue, By End-use Application, 2013 - 2023 (US$ Bn)

On the basis of application, the mobile wallet market is categorized into following segments:

  • Mobile Commerce
  • Money Transfer
  • Mobile Recharge
  • Utility and Bill Payments
  • Other Applications

The following figure represents the contribution of different application segments to the global mobile wallet market in 2015 and 2023

Mobile Wallet Market


 
Mobile commerce and money transfer were the two leading application segments in the global mobile wallet market in 2015. The segments collectively accounted for over two-third of the global market revenue in the same year. The trend shall continue and the mobile commerce segment is presumed to retain its leading position throughout the forecast period 2016 - 2023. The proliferation in the e-commerce sector is expected to positively influence the growth of the mobile commerce segment during the forecast period. Looking at bright prospect, telecom service providers would offer the necessary infrastructure support to mobile wallet vendors required for building robust m-commerce platforms. Thus, inflow of investments in social media and m-commerce is also expected to have positive impact on the overall demand in this segment.

On the basis of end-use, the mobile wallet market is categorized into following segments:

  • Retail
  • Transportation
  • Restaurants
  • Utilities
  • Telecom
  • Others

The following figure represents contribution of these end-use application segments to the global mobile wallet market in 2015 and 2023.

Mobile Wallet Market

 

As of 2015, retail was the largest end-use segment in the global mobile wallet market in terms of both revenue and number of transactions. The segment accounted for over 45% of the global market revenue in the same year. The trend shall prolong and the segment is presumed to hold on to its dominant position throughout the forecast period 2016 - 2023. The retail sector, which currently boasts of highest penetration rate, is a key segment for vendors and mobile operators. As the technology matures, more retailers are expected to adopt the technology for effective and easy payment procedure. In addition, the growing number of POS terminals with NFC capabilities is further expected to fuel adoption of the mobile wallet technology among retailers. Other application segments including transportation and telecoms are also expected to witness robust growth during the forecast period 2016 -2023.

On the basis of geography, the global mobile wallet market is segmented into following regions and countries.

  • Americas
    • North America
      • U.S.
      • Canada
    • Latin America
      • Mexico
      • Brazil
      • Rest of World
  • EMEA
    • Europe
      • U.K.
      • France
      • Germany
      • Rest of Europe
    • Middle-East
    • Africa
  • Asia Pacific
    • Japan
    • China
    • India
    • Rest of Asia Pacific

The following figure represents contribution of different regions to the global mobile wallet market in 2015.

Mobile Wallet Market
 

EMEA (Europe, Middle East and Africa) is currently the largest mobile wallet market in terms of both revenue and number of transactions followed by Americas and Asia Pacific. In 2015, the region accounted for over one-third of the global market revenue. The region is house to the large base of established market players and has highly advanced infrastructure. The increased alliance among mobile operators is expected to be a key growth driver. The trend shall prolong and the region is presumed to remain the largest market throughout the forecast period 2016 – 2023. However, Asia Pacific is expected to witness maximum growth, outpacing EMEA and North America during the forecast period 2016 - 2023. Growing preference for online transactions and mobile banking paired with increasing smartphone penetration rate is expected to spur market growth in this region.

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