“A research report on India Mobile Wallet Market was added by SDKI in its database which discusses the product as well as the scope of its market in detail. The report provides the business clients with an in-depth overview of the market, giving an analysis of the market trends, market size, market value and market growth over the forecast period on a compound as well as on a yearly basis. Further, the market study gives an overview of the industry on the basis of several factors such as the geographical extent, market segmentation, growth drivers and challenges prevalent in the market.
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India mobile wallet market is projected to grow from around $ 16 billion in 2018 to $ 184 billion by 2024, exhibiting growth at a staggering CAGR of 44% . Anticipated growth in the market can be attributed to growing smartphone user base and rising internet penetration across the country. Moreover, various e-commerce companies are now increasingly accepting mobile wallets for convenience of their customers, which is positively influencing the country’s mobile wallet market. Among applications of mobile wallets, money transfer dominates India mobile wallet market as there is high volume of peer to peer and peer to bank transfers. However, online food ordering is anticipated to grow at the fastest pace during forecast period as people find it easier to order food online rather than standing in queue.
Objective of the Study:
• To define, segment, describe and forecast India mobile wallet market on the basis of Application and Company.
• To analyze and forecast India mobile wallet market size.
• To scrutinize the detailed market segmentation and forecast the market size, in terms of value of transactions, on the basis of application by segmenting India mobile wallet market various applications, namely, Money Transfer, Recharge, Taxi Booking, Utility Payment, Online Food Ordering, Movie Tickets, Train Tickets and Others.
• To identify drivers and challenges for India mobile wallet market.
• To analyze and forecast the market share, in terms of value, for India mobile wallet market with respect to Application and Company.
• To strategically profile leading players in the market which are driving innovation and technological advancements in India mobile wallet market.