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Mobile Wallet Market 2023 Analysis By Size, Share, Growth, Trends Up To 2032 | Amazon Web Services Inc., VISA Inc., American Express Banking Corporation, PayPal Holdings Inc., Apple Inc
Mobile Wallet Market
Mobile Wallet Market Size, Growth Rate, And Forecast
The global mobile wallet market size is expected to grow from $1,236.40 billion in 2022 to $1,605.77 billion in 2023 at a compound annual growth rate (CAGR) of 29.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global mobile wallet market size is expected to grow to $4,661.74 billion in 2027 at a CAGR of 30.5%.
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Mobile Wallet Market Drivers
The rise in smartphone penetration is driving the mobile wallet market going forward. Smartphones refer to mobile phones that can accomplish more tasks than just calling and text messaging. With the increasing number of smartphones and governments promoting digital payments and cashless payments, more people are installing mobile wallets on their phones.
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Mobile Wallet Market Segments
1) By Type: Open, Semi-Closed, Closed
2) By Ownership: Banks, Telecom Operators, Device Manufacturers, Tech Companies
3) By Technology: Near Field Communication (NFC), Optical/QR Code, Digital, Text-Based
4) By Application: Hospitality And Transportation, Media And Entertainment, Retail, Healthcare, Energy And Utilities, Telecommunication, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Mobile Wallet market.
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Mobile Wallet Market Key Players
Major players in the mobile wallet market are Amazon Web Services Inc., VISA Inc., American Express Banking Corporation, PayPal Holdings Inc., Apple Inc., Mastercard Incorporated, Samsung Electronics Co. Ltd., Alipay.com, Google Inc., AT&T Inc., Ant Financial Services Group, Wells Fargo & Company, Tencent Holdings Limited, Mozido Inc., One Mobikwik System Pvt. Ltd., Barclays Plc., and Skrill Ltd.
The Business Research Company's "Global Mobile Wallet Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Mobile Wallet Market Include:
1. Executive Summary
2. Mobile Wallet Market Characteristics
3. Mobile Wallet Market Trends And Strategies
4. Mobile Wallet Market - Macro Economic Scenario
5. Mobile Wallet Market Size And Growth
……
27. Mobile Wallet Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Mobile Wallet Market
29. Mobile Wallet Market Future Outlook and Potential Analysis
30. Appendix
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