Press release
Smart-Connected Wallets Market is Estimated to Reach USD 477.51 Million By 2030: Cognitive Market Research
Smart-Connected Wallets Market is Estimated to Reach USD 477.51 Million By 2030: Cognitive Market Research
- A smart-connected wallet is a type of smartphone case designed to hold and connect cards such as credit and debit cards and ID cards. Payments can be made through the wallet's wireless technology system. This wallet can wirelessly connect to a smartphone using Bluetooth technology. Offline smart wallets give users greater control over their financial information because they do not rely on an internet connection to access the contents of their wallets.
Summary:
• Global Smart-Connected Wallets Market Size Was Valued at USD 316.14 Million In 2023 And Is Expected to Grow at A CAGR Of 4.87 % During the Forecast Period, Reaching USD 477.51 Million By 2030 - Exclusive Report by Cognitive Market Research
• The increasing popularity of digital payments coupled with the rising consumer focus towards wireless connectivity is the major driving factor for the growth of the smart-connected wallets market.
• North America is accounted for the largest share of the smart-connected wallets market.
To know more The Smart-Connected Wallets Market statistics click here: https://www.cognitivemarketresearch.com/smart-connected-wallets-market-report
Market Dynamics:
- The increasing popularity of digital payments coupled with the rising consumer focus towards wireless connectivity is the main driving factor contributing to the growth of the global smart-connected wallets market during the forecast period. Smart wallets can connect to a range of devices and platforms, such as smartphones, wearables, or smart home devices. This connectivity could enable features such as notifications for lost or misplaced wallets, or the ability to control other connected devices directly from the wallet. Additionally, increasing demand for payment security and convenience which has driven the demand for the smart-connected wallets market during the forecast period.
However, the availability of substitutes and making only a specific type of payment may obstruct the growth of the global smart-connected wallets market in near future. Further, the future of smart wallets is significant advances in the mobile wallet is expected to create great opportunities for the smart-connected wallets market during the forecast period.
Global smart-connected wallets market segmentation analysis
- Type
• Wi-Fi
• Bluetooth
The Wi-Fi segment is expected to grow at the highest CAGR during the forecast period, as Wi-Fi-enabled smart wallets can be remotely accessed by the user through a mobile app or web interface. This can enable the user to check their wallet's contents, track transaction status, or manage their finances from a remote location with an internet connection.
- Material
• Metallic
• Non-metallic
The non-metallic segment held the major revenue share in terms of material
The non-metallic segment held the major revenue share in terms of materials owing to increasing demand for lightweight materials which makes it more comfortable to carry in a pocket or purse. Non-metallic materials are more durable than metal, which can scratch, or corrode over time. Smart-connected wallets made from non-metallic materials can provide greater resistance to wear and tear, making them a more reliable choice for daily use.
- Distribution Channel
• Offline
• Online
The offline channel leads the segment in terms of revenue due to many smart wallets offered through the offline distribution channel, allowing users to choose the option that best suits their needs and preferences.
- Competitive Analysis for Smart-Connected Wallets Market: Ekster Wallets, Volterman, Revol, Walli Wearables, NXT ID Inc, Woolet Co.
Get free sample pages of latest published Smart-Connected Wallets Market Report: https://www.cognitivemarketresearch.com/smart-connected-wallets-market-report
North America is expected to dominate the smart-connected wallets market during the forecast period.
- North America accounted for relatively the largest share of the smart-connected wallets market during the forecast period. The growth of the market is significantly growing in the region due to the rising adoption of contactless payment technology as a convenient option along with significant advancements in wireless technology. Acceptance of contactless payment technology is increasing in North America as more consumers choose digital payment methods such as Apple Pay, Google Wallet, and Samsung Pay. Additionally, smart connected wallets are becoming increasingly popular in North America, especially among consumers looking for convenience, security, and wireless connectivity in their wallets.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Smart connected Wallets Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
o 1.5.1 Smart connected Wallets Market Segmentation
o 1.5.1 Smart connected Wallets Market Regional Fragmentation
o 1.5.1 Smart connected Wallets Market Players
• 1.6 Report Duration
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Smart connected Wallets Market
• 3.1 Global Smart connected Wallets Market Size 2018 - 2030, (USD Million)
• 3.2 Global Smart connected Wallets Market Statistics 2022: Snapshot
Chapter 4 Global Smart connected Wallets Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Smart connected Wallets Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Smart connected Wallets Market by Material Segmentation Analysis (2018-2030)
Chapter 10 Global Smart connected Wallets Market by Distribution Channel Segmentation Analysis (2018-2030)
Chapter 11 Global Smart connected Wallets Market Regional Analysis
Chapter 12 North America Smart connected Wallets Market Outlook (2018 - 2030)
Chapter 13 Europe Smart connected Wallets Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Smart connected Wallets Market Outlook (2018 - 2030)
Chapter 15 Latin America Smart connected Wallets Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Smart connected Wallets Market Outlook (2018 - 2030)
Chapter 17 Research Findings
To know more Smart-Connected Wallets Market TOC click here: https://www.cognitivemarketresearch.com/smart-connected-wallets-market-report
Related report
• Contactless payment market- https://www.cognitivemarketresearch.com/contactless-payment-market-report
• Mobile payment technologies market- https://www.cognitivemarketresearch.com/mobile-payment-technologies-market-report
• Digital Service Desk market- https://www.cognitivemarketresearch.com/digital-service-desk-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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