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Asia Pacific Mobile Wallet Market Size
- Report ID: GMI3290
- Published Date: May 2019
- Report Format: PDF
Asia Pacific Mobile Wallet Market Size
Asia Pacific Mobile Wallet Market valued at over USD 35 billion in 2017 and is anticipated to grow at a CAGR of more than 20% from 2018 to 2024.
The surge in the number of smartphone users and internet penetration is driving the use of the mobile wallet market in the APAC region. In the last decade, there had been an extensive adoption of various smart devices due to advances in the connectivity infrastructure in the region. In 2017, the region had over 1.90 billion internet users accounting for over half of the global internet population, among which over 70% were smartphone users.
| Report Attribute | Details |
|---|---|
| Base Year: | 2017 |
| Asia Pacific Mobile Wallet Market Size in 2017: | 35 Billion (USD) |
| Forecast Period: | 2018 to 2024 |
| Forecast Period 2018 to 2024 CAGR: | 20% |
| 2024 Value Projection: | 140 Billion (USD) |
| Historical Data for: | 2013 to 2017 |
| No. of Pages: | 140 |
| Tables, Charts & Figures: | 172 |
| Segments covered: | Type, Ownership, Technology, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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The increasing penetration of smartphones has brought about a fundamental shift in the way users are conducting their financial transactions due to its cost-effectiveness and convenience. This is promoting financial establishments and tech players to invest in various mobile wallet applications to capitalize on the growing demand for mobile payment services.
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Asia Pacific Mobile Wallet Market Scope
