Author: Press Release

Mobile Wallet Market in Europe 2015-2019

Mobile wallets are electronic accounts that can be operated through cellphones and are based on the NFC technology. They help account holders pay their bills or make purchases on the go. Mobile wallets have revolutionized the Digital Payments industry. Increased adoption of smartphones, tablets, and other mobile technologies has changed the way customers make their payments. Before the advent of smartphones, Java-enabled and internet-based phones were used sparingly because the usage was limited to SMS and calling options. Notably, carrier charges were high during that time, which had resulted in lesser usage among customers.

Mobile Wallet market in Europe to grow at a CAGR of 32.87 percent over the period 2014-2019.

“Unlike other technological services, mobile wallet service and delivery varies significantly from region to region,”.

“It is vital for service providers to have flexible business and operating models to cater to evolving customer demands, adapt to local market conditions, and cope with shifting regulatory imperatives.”

Covered in this Report

This report covers the present scenario and the growth prospects of the Mobile Wallet market in Europe during the period 2015-2019. To calculate the market size, the report considers the total revenue generated from retail transactions sourced through mobile devices. These transactions include mobile commerce transactions, mobile ticketing, mobile coupons, money transfer, and micropayments.

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Mobile Wallet Market in Europe 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the Mobile Wallet market in Europe and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key Market Drivers

Increased Collaboration among Mobile Operators
Increased Service Offerings
Emergence of Sophisticated Services
Convenience of Transactions

Key Market Trends

Increased Use of M-commerce
Interoperability among Stakeholders
Flexible Business Models
Increased Dependence on Mobile Phones
Enhanced Client Confidence in Mobile Wallets

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Key Market Vendors

EE Ltd.
MasterCard
PayPal
Visa Inc.
Weve

To define the market circumstances in the next 3-4 years, Our analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.

Global Smart Card Market in Telecom Sector 2015-2019

About Smart Card:-

Smart card is a pocket-sized card, generally made of plastic, which is embedded with integrated circuits or microchips. It is used for authentication, identification, data storage, and application processing. Smart cards are classified into two types: contact-based and contactless. Contact-based smart cards have a contact area of approximately 1 square cm. These cards are inserted into the smart card reader. Contactless smart cards are embedded with integrated circuits that process and store data and communicate with a terminal via radio frequencies. These cards are used by employing a radio frequency between card and the reader that needs no physical insertion of the card. Therefore, contactless smart cards have faster applications and are user-friendly. Contactless smart cards are widely accepted and used by some of the major sectors such as BFSI, Government, Transportation, Healthcare, and Defense.

Global Smart Card market in the Telecom sector to grow at a CAGR of 4.98 percent over the period 2014-2019.

There is profound demand for smart cards in the Telecom sector across the world. The largest contributor in the market, in terms of both revenue and shipment, is the APAC region, followed by Europe. Swift technological improvements, such as twin smart cards and near-field communication cards, are supporting the growth of the market in this sector.

“The need to carry multiple cards is eliminated with the use of twin cards because these cards share storage and processing of information,”

“Data and information consolidated in a single smart card also enables ease of handling. The availability of twin cards is expected to support the growth of the Global Contactless Smart Card market.”

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Covered in this Report:-

This report covers the present scenario and the growth prospects of the Global Smart Card market in the Telecom sector for the period 2015-2019. To calculate the market size, the report considers revenue generated from the sales of smart cards in the Telecom sector. The report does not include revenue generated from the sales of contactless smart cards in the Telecom sector.

Global Smart Card Market in Telecom Sector 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the APAC region, Europe, Latin America, North America, and the MEA region; it also covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key Market Drivers

Increased Need to Reduce Identity Duplication
Increased Use of Personal Devices for Financial Transactions
Need for User-friendly Interface
Increased Use of Electronic Purses

Key Market Trends

Increased Adoption of NFC Payments
High Adoption of M-commerce
Availability of Twin Smart Cards
Advances in Technology

Key Market Vendors

Gemalto NV
Giesecke & Devrient GmbH
Morpho SA
Oberthur Technologies
Watchdata System Co. Ltd.

To define the market circumstances in the next 3-4 years, Our analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.