The mobile wallet concept in India is still in the nascent stage, which is restricted primarily to tier 1 cities. However, with the exponential growth of smartphones & tablets in the country, increasing mobile internet subscribers and entry of new players, the market for the mobile wallet in India is expected to register swashbuckling growth over the next six years.
According to 6Wresearch, India Mobile Wallet market is projected to generate $11.5 billion by 2022. Reserve Bank of India expected measures to increase the mobile wallet limit and players investing heavily in the marketing campaigns would further fuel the growth of the market. Telecom and broadcasting vertical is the leading revenue contributor in the overall market followed banking vertical. In the forecast period, the banking vertical is expected to grow with the fastest CAGR amongst all verticals. In the application market, the recharge application captured the lion share of the market.
Key Highlights of the Report
- Historical data of India Mobile Wallet Device Market Revenue for the Period 2013-2015
- Market Size & Forecast of India Mobile Wallet Device Market Revenue until 2022
- Historical data of India Mobile Wallet Regional Market Revenue for the Period 2013-2015
- Historical data of India Mobile Wallet Market Revenue & Volume for the Period 2013-2015
- Market Trends
- Competitive Benchmarking
- Market Size & Forecast of India Mobile Wallet Revenue & Volume Market until 2022
- Historical data of India Mobile Wallet Vertical Market Revenue for the Period 2013-2015
- Market Size & Forecast of India Mobile Wallet Vertical Market Revenue until 2022
- Historical data of India Mobile Wallet Application Market Revenue for the Period 2013-2015
- Market Drivers and Restraints
- Company Profiles
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