Indian Mobile Wallet Market Reviewed by 6Wresearch in New Research Report Published at MarketPublishers.com04 Nov 2015 • by Natalie Aster
LONDON – India is currently one of the most rapidly growing mobile wallet markets in APAC. In the 2014/2015 financial year alone, mobile wallet transactions experienced a booming growth of over 130% in comparison with the year before. Owing to rising penetration of tablets and smartphones, souring consumer confidence and increasing mobile internet users are giving a vital boost to the market.
India’s mobile wallet market value is expected to amount to USD 11.5 billion by 2022. The Reserve Bank of India (RBI) expected measures to raise the mobile wallet limit and players investing very heavily in the marketing campaigns would further propel the market’s growth. The telecommunication and broadcasting vertical is the dominant revenue contributor in the total market, with the banking vertical following after. In the upcoming years, the banking vertical will likely post the fastest CAGR as against the other verticals. In terms of applications, recharge application grabbed the lion’s share of the market.
New research study “India Mobile Wallet Market (2016-2022): Market Forecast By Verticals (Telecom & Broadcasting, Banking, Transportation, Utilities and Retail), Applications (Recharge, Money Transfer, Bill Payment, Ticketing and Others), Devices Used (Mobile Phones and Desktop PC) and Regions (Tier 1, 2 and 3)” prepared by 6Wresearch thoroughly examines the Indian mobile wallet market, segmented by applications, verticals, devices used, and regions. It presents historical market size data and forecast of the global mobile wallet market; historical and forecast data of the country’s mobile wallet market revenue and volume; historical and forecast data of India mobile wallet vertical market revenue; historical and forecast data of India’s mobile wallet application market revenue; historical data and forecasts of India’s mobile wallet device market revenue; historical data plus forecasts of the Indian mobile wallet regional market revenue. The report also provides unprejudiced and detailed analysis of the ongoing trends, opportunities and high growth areas, key market drivers, players’ market shares, competitive benchmarking, and detailed company profiles.
India Mobile Wallet Market (2016-2022): Market Forecast By Verticals (Telecom & Broadcasting, Banking, Transportation, Utilities and Retail), Applications (Recharge, Money Transfer, Bill Payment, Ticketing and Others), Devices Used (Mobile Phones and Desktop PC) and Regions (Tier 1, 2 and 3)
Date: October, 2015
Price: US$ 1,770.00
More reports by the publisher can be found at 6Wresearch page.