Press release
Digital Wallet Market Size & Analysis - Forecast to 2026
Digital Wallet Market
Browse TOC on “Global Digital Wallet Market - Forecast to 2026” https://www.globalmarketestimates.com/market-report/digital-wallet-market-3361
By Deployment Type (On-Premise, Cloud), By Industry Vetical (BFSI, Retail & E-Commerce, Healthcare, Travel & Hospitality, Transportation & Logistics, Media & Entertainment, Others), By Region (North America, Asia Pacific, Europe, Latin America, Middle East & Africa); End-User Landscape, Company Market Share Analysis, and Competitor Analysis
Browse the Report @ https://www.globalmarketestimates.com/market-report/digital-wallet-market-3361
Digital wallet has gained the highest attention in the digital payments sector during the covid-19 pandemic. The introduction of new and updated payments methods has benefited both sellers and buyers during the pandemic. The adoption of a mobile payment platform has resulted in a safer, controlled, and risk-calculated payment method. Reducing operational cost and minimal exposure to the PCI (Payment Card Industry) security standard is another key stimulating factor to drive the demand. Offering Payment Card Industry compliant to the merchants results in reduced compliance-related expenses bear by the merchants.
The digital wallet payment offers a sustainable and advanced experience to the user. The payments are more standardized, organized, and easy to record. It provides a better experience to the end-customer in terms of smooth functioning, lesser time, data safety, and security.
Cloud dominated the deployment segment
Implementation of digitalization in BFSI, retail, e-commerce, and travel are not new but the platforms and methods keep on changing and advancing. The cloud-based deployment will attain the highest gains during the forecast period. Compatibility, flexibility, and economics are the major causes for the major shift from on-premise to cloud-based platforms.
BFSI dominated the industry vertical segment
Transparency, versatility, and increasing demand for more convenient and multifaceted payment methods have induced the digital wallet platforms in the BFSI sector. Rising risks about data breaches, fraud, and payment uncertainty have resulted in the introduction of more technically advanced and personalized payment infrastructures.
MEA holds strong potential
The Middle East holds strong potential in terms of acceptance towards changing dynamics and participating in payment gateways advancements. The region is investment-oriented and ready to step in new and advanced technologies in terms of financial infrastructure. UAE is among the most lucrative countries in the region to witness a drastic shift towards mobile payments in the coming years.
Technology advancement and collaboration with the start-up companies are the prime strategies
FISERV, PAYPAL, FIS, Global Payments, JP Morgan, Square, MasterCard, Amazon Pay, Alipay, Google Pay, Apple Pay, Due, Freecharge, Jio Money, Mobikwik, Pay Cloud, Paytm, PhonePe, Samsung Pay, We Chat Pay, and Zelle is key identified providers in the industry.
Deployment Outlook (Revenue, USD Million, 2021-2026)
• On-Premise
• Cloud
Industry Vertical Outlook (Revenue, USD Million, 2021-2026)
• BFSI
• Retail & E-Commerce
• Healthcare
• Travel & Hospitality
• Transportation & Logistics
• Media & Entertainment
• Others
Regional Outlook (Revenue, USD Million, 2021-2026)
North America
• U.S.
• Canada
Europe
• Germany
• UK
• France
• Italy
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
Latin America
• Brazil
• Mexico
Middle East & Africa
• Saudi Arabia
• UAE
• South Africa
Contact: Yash Jain
Email address: yash.jain@globalmarketestimates.com
Phone Number: +16026667238
Website: https://www.globalmarketestimates.com
Check our Latest Blogs: https://www.globalmarketestimates.com/blog-posts.php
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