Thursday, April 4, 2013

Global Market for Mobile Wallet Technologies to Reach $665 Billion in 2017

The key objective of the mobile wallet is to facilitate a user with an electronic wallet in which all the contents of a real wallet such as cash and cards are electronically available at any time and anywhere. The most important driver for money transfers through a mobile wallet is the transfer without the need of Internet (typical Internet-enabled desktops or laptops). This increases the accessibility of such a facility to the rural segment and also individuals who do not hold bank accounts.

A business module is the major driver adopted in the mobile wallet system. This module requires few changes involved in technological infrastructure; new internal controls and training must be monitored and designed. The various players in a business module could be mobile operator-centric, bank-centric, hybrid collaborative, or independent service provider. Analyzing, creating and delivering new services for customer satisfaction can drive a mobile operator to see profits and bring in new customers.

For both business-to-customer (B2C) and business-to-business (B2B) activities, customer relation management (CRM) should provide technological infrastructure to detect and rectify risk factors, liabilities, and responsibilities related to mobile payment customer grievances while handling cross-organizational and cross-platform transactions in a business module.

The Asia-Pacific region generates the highest revenues from the mobile wallet and will continue to grow at the highest rate during the forecast period. The increased penetration levels of smartphones combined with the convenience of processing low-cost and high-volume transactions through the mobile wallet is expected to drive the market growth in this region at a very significant rate.

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The key goals of Mobile Wallet Technologies: Global Markets (IFT070A) are:
  • To identify and categorize key market segments with respect to mobile wallet market technologies, products, and stakeholders
  • To identify and evaluate key market dynamics and respective impacts across geographies
  • To derive forecast figures for key markets from 2011 through 2017
  • To identify and investigate key opportunities securing growth in a competitive environment
  • To provide intense market intelligence through effective analysis of recent merger-and-acquisition (M&A) and joint-venture (JV) activities along with other developments among the key market participants
  • To identify and analyze geography-specific trends
  • To profile top companies in the industry.
To provide further information about this report we offer a Complimentary Introduction, available from our Website. To download, simply click here, go to the Table of Contents tab, add the complimentary introduction to your cart, and confirm your order.

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