Global Mobile Wallet and Payment Technologies market is anticipated to witness Significant Growth Prospects with rising CAGR by 2025
WiseGuyReports have announced the addition of a new report titled “Global Mobile Wallet and Payment Technologies Market Size, Status and Forecast 2018-2025”.
In 2017, the global Mobile Wallet and Payment Technologies market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2018-2025.
This report focuses on the global Mobile Wallet and Payment Technologies status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Mobile Wallet and Payment Technologies development in United States, Europe and China.
Global Market Outline: Mobile Wallet and Payment Technologies Market
Innovators linked with computer, internet, or web would have never guessed that how the blend of these three is going to revolutionize industries. The current developments in the information and communication technology have raised eyebrows as its pervasive nature has made an indelible mark already. Stress on the unified communications is pushing the global information technology industry forward. It gets better with the inclusion of telecommunications. Its works regarding enabling users to access data, storage of it, transmitting and manipulating also requires others prominent layers like storage, enterprise software, middleware, and audiovisual systems.
Sound working on it starts from a single cabling or link system that threads audiovisual, telephone networks, and computer networks. This cuts down the cost remarkably which is also a major market factor. However, the industry is still evolving and can transform other industries on its way ahead. ITC has at its core internet-enables sphere and mobile, wireless ones as well. Traditional technologies such as landline telephone, radio, broadcast on television are also playing integral roles. But two latest technologies artificial intelligence (AI) and robotics are pushing the market forward. The growth has been further cushioned by the integration of smartphones.
In this study, the years considered to estimate the market size of Mobile Wallet and Payment Technologies are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2019
Forecast Year 2019 to 2025
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The key players covered in this study
Bank of America
Citrus Payment Solutions
Paytm Mobile Solutions Pvt Ltd
First Data Corp
Verizon Communications Inc
Market segment by Type, the product can be split into
Contactless Near-Field Communication
Market segment by Application, split into
Rail, Metro and Bus Tickets
Air Tickets and Boarding Passes
Market segment by Regions/Countries, this report covers
Central & South America
Market size by Region
Central & South America
Rest of Central & South America
Middle East & Africa
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This report includes the estimation of market size for value (million US$) and volume (K MT). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Mobile Wallet and Payment Technologies market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
The study objectives of this report are:
To study and analyze the global Mobile Wallet and Payment Technologies market size (value & volume) by company, key regions/countries, products and application, history data from 2013 to 2017, and forecast to 2025.
To understand the structure of Mobile Wallet and Payment Technologies market by identifying its various sub-segments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Mobile Wallet and Payment Technologies manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Mobile Wallet and Payment Technologies with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Mobile Wallet and Payment Technologies submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
In the information age era, Information and Communications Technology (ICT) has an integral role to play. Companies can make business easily with the supplier, client, and distributor. ICT is a broad subject, where concepts are still evolving. It covers products that will store, retrieve, manipulate, transmit, and receive information in a digital form. ICT is considered one of the economic development pillars to acquire a national competitive advantage. ICT is rapidly improving the quality of human life as it can be used as an education and learning media, mass communication media to campaign and promote issues like social and health issues. ICT also offers a wider knowledge which can help to access and gain information. With the advent of ICT, jobs, economies, and personal lives are becoming more connected, digital, and more automated.
Technology is disrupting every year, affecting every second of our personal lives, career, and business. The evolution of smartphones has replaced the traditional means of communication and collaboration. With the emergence of voice assistants and smart speakers, it has become easier for us to interact with our homes and retailers seamlessly. Every market has been disrupted by digital technologies over the past few years and is expected to experience more transformative developments in the coming years.
Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.
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