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Executive Summary
Introduction
*Examples
Mobile Payments and Transaction
Content Discovery
Experience and Trials
*Mobile Wallet in Japan
How It Works
Mobile Wallet Ecosystem in Japan
*Trial: Cingular Wireless/Nokia/Philips (US)
Technology and Vendor Alignment
FeliCa
MIFARE
NFC Forum
*Other Technologies
RFID (Transaction)
Picture Recognition (Content Discovery)
QR Bar Codes (Content Discovery and Transaction)
US Consumer Attitudes
*Barriers and Drivers
*Profiles
Handsets, Carriers, Spending, and Demographics
*Most Likely Adopters
Prospects for Mobile Wallet Adoption
*Asia
*US
*Forecasts
Optimistic Forecast
Expected Forecast
Conclusions
Appendix
*Companies Interviewed for this Report
*Survey Questions

List of Tables
Table 1. FeliCa Users
Table 2. MIFARE Users
Table 3. Ranking of Mobile Wallet Adoption Barriers (Sort: Most Important)
Table 4. Profiles of Most and Least Likely Adopters of Mobile Wallet
Table 5. Monthly Wireless Spending by Interest in Mobile Wallet
Table 6. Barriers to Adoption by Interest in Mobile Wallet (Significant Differences Highlighted)
Table 7. Expected Frequency of Mobile Wallet Transactions
Table 8. Most Important Drivers for Mobile Wallet (by Interest)
Table 9. Optimistic Mobile Wallet Users Forecast—North America, 2006–2010
Table 10. Expected Mobile Wallet Users Forecast—North America, 2006–2010

List of Figures
Figure 1. Optimistic and Expected Mobile Wallet Users—North America 2006–2010 (Users in Thousands)
Figure 2. Interest in Mobile Wallet Transactions
Figure 3. QR Bar Code
Figure 4. Barriers to Adoption, Most Likely vs. Least Likely Adopters
Figure 5. Technology Diffusion Characteristics of Respondents
Figure 6. Monthly Wireless Spending by Technology Diffusion Characteristics Respondents
Figure 7. Preferred Transaction Account
Figure 8. Optimistic and Expected Mobile Wallet Users—North America, 2006–2010 (Users in Thousands)
Report's synopsisAbstract
One of the so-called “killer apps” from the late 1990s was m-commerce, a concept that fell completely flat even before the dot-com meltdown. However, the mobile wallet is a much different application that includes elements of mobile transactions, as well as other items one may find in a leather wallet, such as membership cards, loyalty cards, and other forms of identification. The most important benefit, though, may be technology that permits content discovery on mobile phones.
In-Stat believes that 10 to 25 million subscribers in North America could be using mobile wallets by 2011.
This report includes the results of a 1,200-response survey of attitudes toward mobile transactions by US mobile subscribers, optimistic and expected forecasts of mobile wallet users through 2010 and descriptions of carrier experiences and trials in the US and Japan.
Who should read this report? Anybody who is involved in the mobile or transaction processing ecosystems, including:
Mobile carriers
Semiconductor vendors
Mobile handset vendors
Mobile application vendors
Banks and credit card processing companies
Point-of-sale terminal makers
Merchants with mobile and online operations 
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