Mobile wallet market in India is predicted to reach US$ 7 billion by 2024. The analysts forecast the Mobile Wallet market in India to grow at a CAGR of 140 percent till 2018.
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The electronic accounts which can be maintained through mobiles is known as mobile wallet. As more and more people became techno savvy, there is a revolution in the way people make payments. The major application areas that drove the country’s mobile wallet market are money transfer, mobile recharge and bill payments, utility applications. The population in the metropolitian cities are the major target users.The mobile wallet market in India is forecast to become highly competitive over the course of time.
The Market Segmentation of Mobile Wallet India Market: Key Regions – India Key Vendors – Citrus Payment Solutions – One97 Communications – Oxigen Services India Other Prominent Vendors – Airtel Money – Apple – Google – Mobikwik – M-Pesa – Livquick – PayPal – Tata Teleservices – YPayCash – ZipCash Market Drivers – Increased Benefits of Mobile Wallets – For a full, detailed list, view our report Market Challenges – Infrastructure Inadequacies – For a full, detailed list, view our report Market Trends – Higher dependency on Cell phones.
The scope of the report includes a detailed study of global and regional markets for various types of Mobile Wallet India Market with the reasons given for variations in the growth of the industry in certain regions.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Paytm, Vodafone, Airtel, One97 Communication Pvt. Ltd., MobiKwik and ItzCash etc. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
Reasons to buy this Report:
1) Obtain the most up to date information available on all active and planned Mobile Wallet India Market globally.
2) Identify growth segments and opportunities in the industry.
3) Facilitate decision making on the basis of strong historic and forecast of Mobile Wallet India Market industry and unit capacity data.
4) Assess your competitor’s refining portfolio and its evolution. Customization: We can offer you custom research reports as per client’s special requirements.
The major driving factors of Mobile Wallet India Market are as follows:
- The highly competitive Telecom market.
- The growing adoption of smartphones and value-added services.
- Growing awareness of the benefits of Mobile wallets.
- Increased security measures and assurance given by companies.
The restraints factors of Mobile Wallet India Market are as follows:
- People in the rural areas and remote places have less awareness .
This report provides:
1) An overview of the global Mobile Wallet India Market and related technologies.
2) Analyses of global market trends and projections of compound annual growth rates (CAGRs) through 2024.
3) Identifications of new market opportunities and targeted promotional plans for Mobile Wallet India Market.
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.
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