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Mobile Wallet Market Set to Reach USD 88.05 Billion By 2032 with a Notable CAGR of 28.0%

09-19-2024 08:54 AM CET | IT, New Media & Software

Press release from: Polaris Market Research & Consulting

Mobile Wallet Market

Mobile Wallet Market

๐Œ๐จ๐›๐ข๐ฅ๐ž ๐–๐š๐ฅ๐ฅ๐ž๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค:

โ— The global mobile wallet market was valued at USD 9.55 billion in 2023.
โ— The market is expected to expand at a CAGR of 28.0% from 2024 to 2032.
โ— The market is expected to grow to USD 88.05 billion by 2032.

๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

The mobile wallet consists of electronic platforms and apps that enable individuals to store, handle, and conduct financial transactions with money via smartphones or other portable devices. Mobile wallets offer a safe and easy alternative to traditional transaction methods such as checks, cash, or physical debit/credit cards. Mobile wallets often link with apps like ride-sharing, e-commerce, and food delivery platforms, enabling users to pay within the applications easily.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐…๐จ๐ซ ๐š ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐ฐ๐ข๐ญ๐ก ๐€๐ง ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐‹๐จ๐จ๐ค ๐š๐ญ ๐ญ๐ก๐ž ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐š๐ง๐ ๐”๐ฉ๐œ๐จ๐ฆ๐ข๐ง๐  ๐€๐๐ฏ๐š๐ง๐œ๐ž๐ฆ๐ž๐ง๐ญ๐ฌ:https://www.polarismarketresearch.com/industry-analysis/mobile-wallet-market/request-for-sample

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐…๐š๐œ๐ญ๐จ๐ซ๐ฌ ๐š๐ง๐ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ:

Governments and financial institutions globally are encouraging the use of digital payment methods to decrease dependence on cash, resulting in a rise in the utilization of mobile wallets. Furthermore, mobile wallets offer a safe and convenient way for individuals to carry out different financial transactions on their mobile phones. The expected expansion in this market underscores the growing dependence on digital payment options within the current environment.

๐Š๐ž๐ฒ ๐๐š๐ซ๐ญ๐ข๐œ๐ข๐ฉ๐š๐ง๐ญ๐ฌ:

Leading companies in the global market prioritize strategic acquisitions to enhance their R&D capabilities and gain a competitive advantage, allowing them to provide users with innovative products. Some of the major players participating in the mobile wallet market:

โ€ข Airtel
โ€ข Alipay
โ€ข Amazon Web Services, Inc.
โ€ข American Express
โ€ข Apple Inc.
โ€ข AT&T
โ€ข Google Inc.
โ€ข Mastercard
โ€ข PayPal Holdings Inc.
โ€ข Samsung
โ€ข Visa Inc.

๐๐ž๐ž๐ ๐Œ๐จ๐ซ๐ž ๐ˆ๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง? ๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐ฆ๐จ๐ซ๐ž ๐š๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐›๐ž๐Ÿ๐จ๐ซ๐ž ๐ฉ๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž: https://www.polarismarketresearch.com/industry-analysis/mobile-wallet-market/inquire-before-buying

๐Œ๐จ๐›๐ข๐ฅ๐ž ๐–๐š๐ฅ๐ฅ๐ž๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ

โ€ข Proximity segment garnered the largest share, primarily due to advent of QR-enabled smartphones
โ€ข Banking segment expected to grow at the fastest rate, on account of rising UPI based small payment transactions
โ€ข Asia Pacific held largest share, on account of presence of huge population seeking digital payment solutions

๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐Œ๐ž๐ญ๐ก๐จ๐๐จ๐ฅ๐จ๐ ๐ฒ:

The research report makes use of various standard methodologies to provide a comprehensive analysis of the market. It includes quantitative research to collect numerical information from primary and secondary data sources such as surveys, polls, and desk research. Also, it uses subjective measures, such as focus groups, to gain key insights into the market. Furthermore, the research study involves interviews with leading experts to uncover facts and opinions about the Mobile Wallet Market Growth. All the information in the report goes through a multi-step verification method to provide an accurate and reliable market analysis.

๐๐ซ๐จ๐ฐ๐ฌ๐ž ๐…๐ฎ๐ฅ๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/industry-analysis/mobile-wallet-market

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

The mobile wallet market is mainly based on technology, application, and region. Based on technology analysis, in 2023, the proximity segment held the largest market share. Proximity technology enables mobile phone or smart device users to conduct payments by being near a POS terminal at a retail location or elsewhere.

Furthermore, according to the application analysis, in 2023, the retail & e-commerce segment accounted for a substantial market share. The combination of digital marketing strategies with cashless and contactless payment options presents an opportunity for retailers to gather valuable consumer data and cultivate customer loyalty.

๐Œ๐จ๐ซ๐ž ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:
Robotic Process Automation (RPA) Market: https://www.polarismarketresearch.com/industry-analysis/robotic-process-automation-market

Blockchain Technology Market: https://www.polarismarketresearch.com/industry-analysis/blockchain-technology-market

Precision Farming Market: https://www.polarismarketresearch.com/industry-analysis/precision-farming-market

Vertical Farming Market: https://www.polarismarketresearch.com/industry-analysis/vertical-farming-market

Eyewear Market: https://www.polarismarketresearch.com/industry-analysis/eyewear-market

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ:
Likhil G
8 The Green Ste 19824,
Dover, DE 19901,
United States
Phone: +1-929 297-9727
Email: sales@polarismarketresearch.com
Web: https://www.polarismarketresearch.com
Follow Us: LinkedIn | Twitter

๐€๐›๐จ๐ฎ๐ญ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก & ๐‚๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ , ๐ˆ๐ง๐œ:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.

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