Mobile Wallet Market worth $638.11 billion by 2030, growing at a CAGR of 19.03% - Exclusive Report by 360iResearch

The "Mobile Wallet Market by Mode of Payment (NFC Payment, Remote Payment), Stakeholders (Content & Applications Aggregators, Handset & Hardware Solution Manufacturers, Mobile Network Operators), Application - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Mobile Wallet Market to grow from USD 188.42 billion in 2023 to USD 638.11 billion by 2030, at a CAGR of 19.03%.

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A mobile wallet is a digital wallet that refers to an electronic device, usually a smartphone or tablet, that allows an individual to make electronic transactions. This can include purchasing items online, within a physical store, or transferring money to others via a mobile application. The mobile wallet stores payment information, such as credit and debit card details and digital currencies, and is secured with encryption and password protection. It simplifies the process of transactions for the user by eliminating the need to carry physical cards or cash and often enables additional functionalities such as loyalty rewards, digital coupons, and budget tracking. The mobile wallet market encompasses platforms that enable secure electronic transactions via mobile devices. Improved smartphone and internet access, ease of use, robust security measures, governmental support for digital payments, and financial inclusion initiatives drive the market growth. Emerging opportunities lie in integrating wearable technology, cryptocurrency support, global market expansion, and tailored user experiences. Security risks, the necessity for technological adaptation, regulatory complexities, market fragmentation, and consumer hesitancy toward digital payments hamper market growth. Innovation is pivotal for business expansion, focusing on optimizing user experience, state-of-the-art security, interoperability, and AI integration for predictive behavior analysis and IoT compatibility to ensure a seamless and secure payment ecosystem.

Market Segmentation & Coverage:

This research report categorizes the Mobile Wallet Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Mode of Payment, market is studied across NFC Payment and Remote Payment. The Remote Payment is projected to witness significant market share during forecast period.

Based on Stakeholders, market is studied across Content & Applications Aggregators, Handset & Hardware Solution Manufacturers, Mobile Network Operators, OSS/BSS Solution Providers, and Software Developers. The Handset & Hardware Solution Manufacturers is projected to witness significant market share during forecast period.

Based on Application, market is studied across Micropayments, Mobile Commerce, Mobile Coupons, Mobile Ticketing, and Mobile Transfers. The Micropayments is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.41% in 2023, followed by Europe, Middle East & Africa.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Mobile Wallet Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Mobile Wallet Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Mobile Wallet Market, highlighting leading vendors and their innovative profiles. These include Amazon.com, Inc., American Express Company, Apple Inc., AT&T Inc., Cash App Investing LLC, Dwolla, Inc., Early Warning Services, LLC, Google LLC, JPMorgan Chase & Co., Mastercard Incorporated, PayPal Holdings, Inc., Skrill USA, Inc., Tencent Holdings Limited, and Vibes Media, LLC.

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Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Mobile Wallet Market, by Mode of Payment
7. Mobile Wallet Market, by Stakeholders
8. Mobile Wallet Market, by Application
9. Americas Mobile Wallet Market
10. Asia-Pacific Mobile Wallet Market
11. Europe, Middle East & Africa Mobile Wallet Market
12. Competitive Landscape
13. Competitive Portfolio
14. Appendix

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Mobile Wallet Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Mobile Wallet Market?
3. What is the competitive strategic window for opportunities in the Mobile Wallet Market?
4. What are the technology trends and regulatory frameworks in the Mobile Wallet Market?
5. What is the market share of the leading vendors in the Mobile Wallet Market?
6. What modes and strategic moves are considered suitable for entering the Mobile Wallet Market?

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