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Global Mobile Wallet Market 2023 : SWOT Analysis Of Key Driving Factors For Growing CAGR Value | Amazon Web Services Inc., VISA Inc., American Express Banking Corporation, PayPal Holdings Inc
Mobile Wallet Global Market Report
The Business Research Company's Mobile Wallet Global Market Report 2023 identifies 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.
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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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.
A key trend in the Mobile Wallet market includes the Product innovation is a key trend gaining popularity in the mobile wallet market. Major companies in the market are constantly innovating and introducing new offerings to sustain their position in the market.
Read More On The Global Mobile Wallet Market Report Here:
https://www.thebusinessresearchcompany.com/report/mobile-wallet-global-market-report
The Mobile Wallet market is segmented -
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.
The Business Research Company's "Global Mobile Wallet Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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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