Deerfield Beach, FL -- (SBWIRE) -- 09/12/2016 -- Zion Research has published a new report titled "Mobile Wallet (NFC and Remote Payment) Market: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 - 2020." According to the report, global demand for mobile wallet market was valued at USD 500 billion in 2014 and is expected to reach USD 2,500 billion in 2020, growing at a CAGR of approximately 30% between 2015 and 2020.

Mobile wallet is a innovative technological feature that is equivalent to the physical wallet used to hold money. It is an online interface which permits the user to deposit money similarly to the bank account. Therefore, it is essential to have an account with a mobile wallet provider. This account holds debit, credit, online transaction from bank account or via cash (a recharge kiosk). The mobile wallet is very beneficial as it offers the fast transactions process, it saves time and provides comfort and ease to the end-user.

Get Free Sample Report: http://www.marketresearchstore.com/report/mobile-wallet-market-nfc-and-remote-payment-z37621#RequestSample

Browse the full "Mobile Wallet (NFC and Remote Payment) Market: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 - 2020" report at http://www.marketresearchstore.com/report/mobile-wallet-market-nfc-and-remote-payment-z37621

The mobile wallet market is mainly driven by the growing demand for the smart phones use and the entry of new players in this market. Another major driving factor is increasing working population engaged in the banking and on-line buying of products, discounts offered by companies to draw in customers in festive seasons for purchase through mobile wallet and growth of service portfolios by the enterprises. Owing to this, mobile wallet market is expected to exhibit strong growth during the years to come.

Read Detail TOC: http://www.marketresearchstore.com/report/mobile-wallet-market-nfc-and-remote-payment-z37621#tableOfContent

The mobile wallet market is segmented on the basis of different types of mobile wallet products such as near field communications NFC and remote payment. The NFC dominated the market with over 50% share in total revenue generated in 2014 and is expected to be the fastest growing segment over the forecast period.

The mobile payment mode dominated application segment and were accounted for large chunk of the mobile wallet market in 2014. Furthermore, the OSS/BSS solution providers are expected to witness the fastest CAGR during the forecast period. This is attributed to the constant improvement of mobile wallet in NFC technology. Moreover, the money transfer transactions contributed to the largest share accounted for over 30% of share in total revenue generated in the mobile wallet market, followed by recharge & bill payments and utilities segment respectively.

North America dominated the mobile wallet market and accounted for over 25% share of the total revenue generated in 2014. The mobile wallet market in the Asia Pacific region is expected to exhibit strong growth in the years to come. Despite its promising future, the mobile wallet market segment is facing challenges like different cash transfer channels, lack of awareness, stringent policies, low margins and poor web connectivity in several areas.

Some of the key industry participants in global mobile wallet market include, American Express, Apple Inc., MasterCard, Visa, AT&T, Sprint, First Data, BlackBerry, Samsung, Google and others.

The report segments the global mobile wallet market as:

Mobile Wallet Market: Product Segment Analysis

Near field communication (NFC)
Remote payment

Mobile Wallet Market: Application Segment Analysis

Retail payments
Vending machines
Public transportation
Grocery stores
Restaurants

Mobile Wallet Market: Regional Segment Analysis

North America
U.S.
Europe
Germany
UK
France
Asia Pacific
China
Japan
India
Latin America
Brazil
Middle East & Africa

Inquiry Before Buying: http://www.marketresearchstore.com/report/mobile-wallet-market-nfc-and-remote-payment-z37621#InquiryForBuying

About Market Research Store
Market Research Store is a single destination for all the industry, company and country reports. We feature large repository of latest industry reports, leading and niche company profiles, and market statistics released by reputed private publishers and public organizations. Market Research Store is the comprehensive collection of market intelligence products and services available on air. We have market research reports from number of leading publishers and update our collection daily to provide our clients with the instant online access to our database. With access to this database, our clients will be able to benefit from expert insights on global industries, products, and market trends.

Contact US:
Joel John
3422 SW 15 Street,Suit #8138
Deerfield Beach,Florida 33442
United States
Toll Free: +1-855-465-4651 (USA-CANADA)
Tel: +1-386-310-3803
Email: sales@marketresearchstore.com