[June 17, 2013] Research and Markets Adds Report: Mobile Wallet Users Tweet Jun 17, 2013 (Close-Up Media via COMTEX) -- Research and Markets has announced the addition of Berg Insight AB's new report "Mobile Wallet Services" to its offerings. In a release, Research and Markets noted that report highlights include: The infrastructure for NFC mobile wallet services is being rolled out According to a new research report from Berg Insight, there were NFC mobile wallet services commercially live in 13 countries worldwide at the end of Q1-2013, up from just 6 countries at the end of 2011. However, these services are still available to a very small number of consumers. With the exception of a few projects in Asia-Pacific, there are only three NFC mobile wallet services in the world that have an effective addressable market of more than 100,000 people. These three services are Google Wallet and Isis in the US and Turkcell Wallet in Turkey, said Lars Kurkinen, telecom analyst, Berg Insight. However, this will change substantially during the next few years due to the massive rollouts of NFC-enabled phones, NFC-ready POS terminals and TSM solutions. The market for NFC-enabled mobile phones reached a breakthrough in late 2011 and accelerated further in 2012 as new NFC handsets were introduced by all leading handset vendors except Apple. Berg Insight estimates that total NFC handset sales grew 300 percent to 140 million units worldwide in 2012. The global installed base of NFC-enabled handsets reached 170 million units in 2012, which corresponds to approximately 3.3 percent of all mobile handsets in use. Between 2012 and 2017, the installed base of NFC-enabled handsets is forecasted to grow at a CAGR of 65 percent to reach 2.1 billion units at the end of the forecast period. The penetration rate for NFC across all handset segments will similarly increase to approximately 32 percent by 2017. The penetration rate in North America and Latin America will be 82 percent and 68 percent in the same year respectively, whereas penetration in the Rest of World will reach 39 percent. TSM solutions, which are among other things needed for securely issuing payment credentials over-the-air to NFC-enabled phones, are being taken into use at an unprecedented pace by mobile network operators, banks and other companies. At the end of 2013 there will be around 140 companies that use a TSM solution in commercially live NFC mobile wallet services worldwide, up from only 57 at the end of 2012. The most active region for TSM projects is currently Asia-Pacific, followed by Europe, North America and the Middle East. Report information: researchandmarkets.com/research/rh2jzf/mobile_wallet ((Comments on this story may be sent to [email protected])) [ Back To TMCnet.com's Homepage ]