London, UK (PRWEB) May 06, 2013
In 2011, retail was the leading application of mobile wallets worldwide, and it was estimated at more than USD 144 billion. In the same year, EMEA accounted for above 40% of the overall mobile wallet market revenue. The demand for mobile wallets is driven mainly by the constant increase in the smartphones penetration worldwide. Consumers’ concerns about privacy and security of mobile wallets together with the lack of awareness regarding the mobile wallets functioning present the main barriers to the development of the industry. American Express Inc., Google, Visa Inc., Square Inc., MasterCard and PayPal Inc. are amid the most prominent market participants.
The global mobile wallet market is predicted to grow at a CARG of over 30% in the future to override USD 1,601 billion by 2018. EMEA is likely to continue to dominate the mobile wallet market. Asia-Pacific is forecast to register the fastest revenue growth in the upcoming years; it is expected to grow at a CARG of over 30% through 2018.
New research report “Mobile Wallet Market - Global Industry Analysis, Size, Share, Growth And Forecast, 2012 – 2018” developed by Transparency Market Research has been recently published by Market Publishers Ltd.
Title: Mobile Wallet Market - Global Industry Analysis, Size, Share, Growth And Forecast, 2012 - 2018
Published: April, 2013
Price: US$ 4,595.00
The report provides an insightful guide to the global mobile wallet market. It presents all-round market assessment by industry participants, components, consumer types, functionality, application and geography. The research study contains extensive examination of major factors driving and restraining the market; grants access to the value chain and Porter’s five forces analyses; outlines main market opportunities and challenges; uncovers critical information on the market and discusses the most burning issues related to the industry. The study includes the evaluation of the market attractiveness; delves into the competitive landscape; offers the leading companies’ profiles including financial overview, SWOT analysis, data on business strategies and recent developments. Moreover, the forecast of the mobile wallet market development through 2018 is on hand in the report.
More new research reports by the publisher can be found at Transparency Market Research page.