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PUBLISHER: Grand View Research | PRODUCT CODE: 1405825

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PUBLISHER: Grand View Research | PRODUCT CODE: 1405825

Mobile Wallet Market Size, Share & Trends Analysis Report By Technology (Remote, Proximity), By Application (Retail & E-commerce, Banking, Hospitality & Transportation), By Region, And Segment Forecasts, 2023 - 2030

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Description

Table of Contents

List of Tables

Mobile Wallet Market Growth & Trends:

The global mobile wallet market size is expected to reach USD 51.53 billion by 2030, registering a CAGR of 28.3% from 2023 to 2030, according to a new report by Grand View Research, Inc. A mobile wallet is a technology that can carry cash in digital format. Increasing mobile phone users and the rising number of internet subscribers across the world are the major factors fueling the market growth. In addition, government initiatives to modernize the transportation sector are improving market growth.

Furthermore, due to ongoing concerns about sanitation and a desire to reduce contact between guests and staff members, mobile wallets are anticipated to create a notable impact on the hospitality or restaurant industry. Furthermore, COVID-19 has increased the penetration of online payments. The pandemic has increased the requirement for germ-free and contactless payments, and mobile wallets prevent direct contact with any external system such as the POS of the retailer.

Asia Pacific held the largest revenue share of over 30.0% in 2021 and is expected to retain its position over the forecast period. In rapidly developing regions such as Asia Pacific, digital online spending has changed and evolved on its own, with e-commerce expanding and online sales becoming as common as physical retail in many areas of the region. In April 2022, Boku, a global provider of mobile payment solutions, announced that it's Mobile First (M1ST) platform has unveiled PayPay mobile wallet payments for Netflix in Japan. With this release, PayPay's over 45 million consumers can now pay for streaming subscriptions within Netflix.

Mobile Wallet Market Report Highlights:

  • In terms of technology, The proximity segment accounted for the largest revenue share of 62.6% in 2022 and is expected to retain its dominance over the forecast period. Growing penetration of NFC and QR code-enabled smartphones across the world is boosting the segment growth
  • The remote technology segment is expected to grow at the fastest CAGR of 28.6% during the forecast period. The growth of this segment can be attributed to the increasing number of smartphone and internet users across the globe. In addition, surging demand for fast and secure payment solutions is improving the market growth
  • The retail and e-commerce segment accounted for the largest revenue share of 32.0% in 2022 and is expected to maintain its position over the forecast period. Rapid growth in the global retail and e-commerce sector is creating more demand for mobile wallets
  • The banking segment is expected to grow at the fastest CAGR of 29.6% during the forecast period as numerous banks across the world are trying to set up mobile payments
  • The hospitality and transportation segment is expected to witness significant growth over the forecast period. Due to ongoing concerns about sanitation and a desire to reduce contact between guests and staff members, mobile wallets are anticipated to create a notable impact on the hospitality or restaurant industry
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Product Code: 978-1-68038-092-7

Table of Contents

Chapter 1. Methodology and Scope

  • 1.1. Market Segmentation & Scope
    • 1.1.1. Technology
    • 1.1.2. Application
    • 1.1.3. Regional scope
    • 1.1.4. Estimates and forecast timeline
  • 1.2. Research Methodology
  • 1.3. Information Procurement
    • 1.3.1. Purchased database
    • 1.3.2. GVR's internal database
    • 1.3.3. Secondary sources
    • 1.3.4. Primary research
    • 1.3.5. Details of primary research
  • 1.4. Information or Data Analysis
  • 1.5. Market Formulation & Validation
  • 1.6. Model Details
  • 1.7. List of Secondary Sources
  • 1.8. List of Primary Sources
  • 1.9. Objectives

Chapter 2. Executive Summary

  • 2.1. Market Outlook
  • 2.2. Segment Outlook
    • 2.2.1. Technology outlook
    • 2.2.2. Application outlook
    • 2.2.3. Regional outlook
  • 2.3. Competitive Insights

Chapter 3. Mobile Wallet Market Variables, Trends & Scope

  • 3.1. Market Lineage Outlook
  • 3.2. Industry Value Chain Analysis
  • 3.3. Market Dynamics
    • 3.3.1. Market driver analysis
    • 3.3.2. Market restraint analysis
    • 3.3.3. Market opportunity analysis
  • 3.4. Mobile Wallet Market Analysis Tools
    • 3.4.1. Industry analysis - Porter's
      • 3.4.1.1. Supplier power
      • 3.4.1.2. Buyer power
      • 3.4.1.3. Substitution threat
      • 3.4.1.4. Threat of new entrant
      • 3.4.1.5. Competitive rivalry
    • 3.4.2. PESTEL analysis
      • 3.4.2.1. Political landscape
      • 3.4.2.2. Economic landscape
      • 3.4.2.3. Social landscape
      • 3.4.2.4. Technological landscape

Chapter 4. Mobile Wallet Market: Technology Estimates & Trend Analysis

  • 4.1. Mobile Wallet Market: Key Takeaways
  • 4.2. Mobile Wallet Market: Movement & Market Share Analysis, 2022 & 2030
  • 4.3. Remote
    • 4.3.1. Remote market estimates and forecasts, 2017 to 2030 (USD Million)
  • 4.4. Proximity
    • 4.4.1. Proximity market estimates and forecasts, 2017 to 2030 (USD Million)

Chapter 5. Mobile Wallet Market: Application Estimates & Trend Analysis

  • 5.1. Mobile Wallet Market: Key Takeaways
  • 5.2. Mobile Wallet Market: Movement & Market Share Analysis, 2022 & 2030
  • 5.3. Retail & e-commerce
    • 5.3.1. Retail & e-commerce market estimates and forecasts, 2017 to 2030 (USD Million)
  • 5.4. Hospitality & transportation
    • 5.4.1. Hospitality & transportation market estimates and forecasts, 2017 to 2030 (USD Million)
  • 5.5. Banking
    • 5.5.1. Banking market estimates and forecasts, 2017 to 2030 (USD Million)
  • 5.6. Vending machine
    • 5.6.1. Vending machine market estimates and forecasts, 2017 to 2030 (USD Million)
  • 5.7. Others
    • 5.7.1. Others market estimates and forecasts, 2017 to 2030 (USD Million)

Chapter 6. Mobile Wallet Market: Regional Estimates & Trend Analysis

  • 6.1. Regional Outlook
  • 6.2. Mobile Wallet Market by Region: Key Takeaway
  • 6.3. North America
    • 6.3.1. North America market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 6.3.2. U.S.
      • 6.3.2.1. U.S. market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 6.3.3. Canada
      • 6.3.3.1. Canada market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
  • 6.4. Europe
    • 6.4.1. Europe market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 6.4.2. UK
      • 6.4.2.1. UK market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 6.4.3. Germany
      • 6.4.3.1. Germany market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 6.4.4. France
      • 6.4.4.1. France market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
  • 6.5. Asia Pacific
    • 6.5.1. Asia Pacific Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 6.5.2. Japan
      • 6.5.2.1. Japan market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 6.5.3. China
      • 6.5.3.1. China market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 6.5.4. India
      • 6.5.4.1. India market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 6.5.5. Australia
      • 6.5.5.1. Australia market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 6.5.6. South Korea
      • 6.5.6.1. South Korea market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
  • 6.6. Latin America
    • 6.6.1. Latin America market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 6.6.2. Brazil
      • 6.6.2.1. Brazil market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 6.6.3. Mexico
      • 6.6.3.1. Mexico market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
  • 6.7. MEA
    • 6.7.1. MEA market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 6.7.2. Saudi Arabia
      • 6.7.2.1. Saudi Arabia market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 6.7.3. South Africa
      • 6.7.3.1. Saudi Africa market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 6.7.4. UAE
      • 6.7.4.1. UAE market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)

Chapter 7. Competitive Landscape

  • 7.1. Recent Developments & Impact Analysis, By Key Market Participants
  • 7.2. Market Participant Categorization
    • 7.2.1. Amazon Web Services, Inc.
      • 7.2.1.1. Company overview
      • 7.2.1.2. Financial performance
      • 7.2.1.3. Product benchmarking
      • 7.2.1.4. Strategic initiatives
    • 7.2.2. Visa Inc.
      • 7.2.2.1. Company overview
      • 7.2.2.2. Financial performance
      • 7.2.2.3. Product benchmarking
      • 7.2.2.4. Strategic initiatives
    • 7.2.3. American Express
      • 7.2.3.1. Company overview
      • 7.2.3.2. Financial performance
      • 7.2.3.3. Product benchmarking
      • 7.2.3.4. Strategic initiatives
    • 7.2.4. PayPal Holdings Inc.
      • 7.2.4.1. Company overview
      • 7.2.4.2. Financial performance
      • 7.2.4.3. Product benchmarking
      • 7.2.4.4. Strategic initiatives
    • 7.2.5. Apple Inc.
      • 7.2.5.1. Company overview
      • 7.2.5.2. Financial performance
      • 7.2.5.3. Product benchmarking
      • 7.2.5.4. Strategic initiatives
    • 7.2.6. Google Inc.
      • 7.2.6.1. Company overview
      • 7.2.6.2. Financial performance
      • 7.2.6.3. Product benchmarking
      • 7.2.6.4. Strategic initiatives
    • 7.2.7. Airtel
      • 7.2.7.1. Company overview
      • 7.2.7.2. Financial performance
      • 7.2.7.3. Product benchmarking
      • 7.2.7.4. Strategic initiatives
    • 7.2.8. Mastercard
      • 7.2.8.1. Company overview
      • 7.2.8.2. Financial performance
      • 7.2.8.3. Product benchmarking
      • 7.2.8.4. Strategic initiatives
    • 7.2.9. Alipay
      • 7.2.9.1. Company overview
      • 7.2.9.2. Financial performance
      • 7.2.9.3. Product benchmarking
      • 7.2.9.4. Strategic initiatives
    • 7.2.10. Samsung
      • 7.2.10.1. Company overview
      • 7.2.10.2. Financial performance
      • 7.2.10.3. Product benchmarking
      • 7.2.10.4. Strategic initiatives
    • 7.2.11. AT&T
      • 7.2.11.1. Company overview
      • 7.2.11.2. Financial performance
      • 7.2.11.3. Product benchmarking
      • 7.2.11.4. Strategic initiatives
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Product Code: 978-1-68038-092-7

List of Tables

  • Table 1 List of abbreviation
  • Table 2 North America mobile wallet market, by technology, 2017 - 2030 (USD Million)
  • Table 3 North America mobile wallet market, by application, 2017 - 2030 (USD Million)
  • Table 4 North America mobile wallet market, by region, 2017 to 2030 (USD Million)
  • Table 5 U.S. mobile wallet market, by technology, 2017 - 2030 (USD Million)
  • Table 6 U.S. mobile wallet market, by application, 2017 - 2030 (USD Million)
  • Table 7 Canada mobile wallet market, by technology, 2017 - 2030 (USD Million)
  • Table 8 Canada mobile wallet market, by application, 2017 - 2030 (USD Million)
  • Table 9 Europe mobile wallet market, by technology, 2017 - 2030 (USD Million)
  • Table 10 Europe mobile wallet market, by application, 2017 - 2030 (USD Million)
  • Table 11 Europe mobile wallet market, by region, 2017 to 2030 (USD Million)
  • Table 12 Germany mobile wallet market, by technology, 2017 - 2030 (USD Million)
  • Table 13 Germany mobile wallet market, by application, 2017 - 2030 (USD Million)
  • Table 14 UK mobile wallet market, by technology, 2017 - 2030 (USD Million)
  • Table 15 UK mobile wallet market, by application, 2017 - 2030 (USD Million)
  • Table 16 France mobile wallet market, by technology, 2017 - 2030 (USD Million)
  • Table 17 France mobile wallet market, by application, 2017 - 2030 (USD Million)
  • Table 18 Asia Pacific mobile wallet market, by technology, 2017 - 2030 (USD Million)
  • Table 19 Asia Pacific mobile wallet market, by application, 2017 - 2030 (USD Million)
  • Table 20 Asia Pacific mobile wallet market, by region, 2017 to 2030 (USD Million)
  • Table 21 China mobile wallet market, by technology, 2017 - 2030 (USD Million)
  • Table 22 China mobile wallet market, by application, 2017 - 2030 (USD Million)
  • Table 23 Japan mobile wallet market, by technology, 2017 - 2030 (USD Million)
  • Table 24 Japan mobile wallet market, by application, 2017 - 2030 (USD Million)
  • Table 25 India mobile wallet market, by technology, 2017 - 2030 (USD Million)
  • Table 26 India mobile wallet market, by application, 2017 - 2030 (USD Million)
  • Table 27 Australia mobile wallet market, by technology, 2017 - 2030 (USD Million)
  • Table 28 Australia mobile wallet market, by application, 2017 - 2030 (USD Million)
  • Table 29 South Korea mobile wallet market, by technology, 2017 - 2030 (USD Million)
  • Table 30 South Korea mobile wallet market, by application, 2017 - 2030 (USD Million)
  • Table 31 Latin America mobile wallet market, by technology, 2017 - 2030 (USD Million)
  • Table 32 Latin America mobile wallet market, by application, 2017 - 2030 (USD Million)
  • Table 33 Latin America mobile wallet market, by region, 2017 to 2030 (USD Million)
  • Table 34 Brazil mobile wallet market, by technology, 2017 - 2030 (USD Million)
  • Table 35 Brazil mobile wallet market, by application, 2017 - 2030 (USD Million)
  • Table 36 Mexico mobile wallet market, by technology, 2017 - 2030 (USD Million)
  • Table 37 Mexico mobile wallet market, by application, 2017 - 2030 (USD Million)
  • Table 38 Middle East and Africa mobile wallet market, by technology, 2017 - 2030 (USD Million)
  • Table 39 Middle East and Africa mobile wallet market, by application, 2017 - 2030 (USD Million)
  • Table 40 Middle East and Africa mobile wallet market, by region, 2017 to 2030 (USD Million)
  • Table 41 South Africa mobile wallet market, by technology, 2017 - 2030 (USD Million)
  • Table 42 South Africa mobile wallet market, by application, 2017 - 2030 (USD Million)
  • Table 43 Saudi Arabia mobile wallet market, by technology, 2017 - 2030 (USD Million)
  • Table 44 Saudi Arabia mobile wallet market, by application, 2017 - 2030 (USD Million)
  • Table 45 UAE mobile wallet market, by technology, 2017 - 2030 (USD Million)
  • Table 46 UAE mobile wallet market, by application, 2017 - 2030 (USD Million)

List of Figures

  • Fig. 1 Market research process
  • Fig. 2 Data triangulation techniques
  • Fig. 3 Primary research pattern
  • Fig. 4 Market research approaches
  • Fig. 5 Value-chain-based sizing & forecasting
  • Fig. 6 QFD modeling for market share assessment
  • Fig. 7 Market formulation & validation
  • Fig. 8 Mobile wallet: Market outlook
  • Fig. 9 Mobile wallet: Competitive insights
  • Fig. 10 Parent market outlook
  • Fig. 11 Related/ancillary market outlook
  • Fig. 12 Penetration and growth prospect mapping
  • Fig. 13 Industry value chain analysis
  • Fig. 14 Mobile wallet market driver impact
  • Fig. 15 Mobile wallet market restraint impact
  • Fig. 16 Mobile wallet market strategic initiatives analysis
  • Fig. 17 Mobile wallet market: Technology movement analysis
  • Fig. 18 Mobile wallet market: Technology outlook and key takeaways
  • Fig. 19 Remote market estimates and forecasts, 2017 - 2030
  • Fig. 20 Proximity market estimates and forecasts, 2017 - 2030
  • Fig. 21 Mobile wallet market: Application movement analysis
  • Fig. 22 Mobile wallet market: Application outlook and key takeaways
  • Fig. 23 Retail & e-commerce market estimates and forecasts, 2017 - 2030
  • Fig. 24 Hospitality & transportation market estimates and forecasts, 2017 - 2030
  • Fig. 25 Banking market estimates and forecasts, 2017 - 2030
  • Fig. 26 Vending machine market estimates and forecasts, 2017 - 2030
  • Fig. 27 Others market estimates and forecasts, 2017 - 2030
  • Fig. 28 Global mobile wallet market: Regional movement analysis
  • Fig. 29 Global mobile wallet market: Regional outlook and key takeaways
  • Fig. 30 North America market estimates and forecasts, 2017 - 2030
  • Fig. 31 U.S. market estimates and forecasts, 2017 - 2030
  • Fig. 32 Canada market estimates and forecasts, 2017 - 2030
  • Fig. 33 Europe market estimates and forecasts, 2017 - 2030
  • Fig. 34 UK market estimates and forecasts, 2017 - 2030
  • Fig. 35 Germany market estimates and forecasts, 2017 - 2030
  • Fig. 36 France market estimates and forecasts, 2017 - 2030
  • Fig. 37 Asia Pacific market estimates and forecasts, 2017 - 2030
  • Fig. 38 Japan market estimates and forecasts, 2017 - 2030
  • Fig. 39 China market estimates and forecasts, 2017 - 2030
  • Fig. 40 India market estimates and forecasts, 2017 - 2030
  • Fig. 41 Australia market estimates and forecasts, 2017 - 2030
  • Fig. 42 South Korea market estimates and forecasts, 2017 - 2030
  • Fig. 43 Latin America market estimates and forecasts, 2017 - 2030
  • Fig. 44 Brazil market estimates and forecasts, 2017 - 2030
  • Fig. 45 Mexico market estimates and forecasts, 2017 - 2030
  • Fig. 46 Middle East and Africa market estimates and forecasts, 2017 - 2030
  • Fig. 47 Saudi Arabia market estimates and forecasts, 2017 - 2030
  • Fig. 48 South Africa market estimates and forecasts, 2017 - 2030
  • Fig. 49 UAE market estimates and forecasts, 2017 - 2030
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