Global market for mobile wallet technologies to reach $665.1 billion in 2017

The relative gulf between the concept of mobile payment and its realization in the marketplace has finally been bridged by recent advancements in mobile technology, including smartphones and other mobile devices, particularly in the financial service sectors. Moreover, service providers are collaborating to provide one-stop solutions to the greatest challenges of mobile wallets with respect to standardization, privacy, and security. Advances in mobile technology and increasing adoption of the technology by consumers and business will drive tremendous growth in this market for the foreseeable future.

BCC Research provides an in-depth analysis of the global market for mobile wallet technologies through its report, Mobile Wallet Technologies: Global Markets. According to the report, this market was valued at $4.1 billion in 2011 and reached $8 billion in 2012. BCC Research projects the market to grow to $665.1 billion by 2017, and register a five-year compound annual growth rate (CAGR) of 142.1% from 2012 to 2017.

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Use this report for, but not limited to, the following reasons:

• Gain an overview of the global mobile wallet market
• Analyze global market trends, with data from 2011 and 2012, and projections of compound annual growth rates (CAGRs) through 2017
• Examine supporting equipment and technologies, including RFID, smartphones, and 4G technology
• Understand payment framework and challenges, and legislation and regulatory framework for devices and technologies
• Assess technologies, such as mobile commerce, mobile payments (taxis, hotels, phone bills and others, and entertainment events), premium messages, mobile Web payments, near-field communication (NFC), cloud computing, and social media
• Review comprehensive company profiles of major players

SAMPLE FIGURE

GLOBAL MOBILE WALLET MARKET BY APPLICATIONS, 2011-2017

($ MILLIONS)

 

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