PUBLISHER: Orion Market Research | PRODUCT CODE: 1077982
PUBLISHER: Orion Market Research | PRODUCT CODE: 1077982
Global Mobile Wallet Market Size, Share & Trends Analysis Report ByApplication (Entertainment and Event Pay, Utilities Payments, Travelling and Hotel Booking, Shopping, Mobile Transfer, Other Micro Payments, and Coupons), By Mode of Payment (NFC Payment and Remote Payment), By Stakeholders (Wallet Provider, Point of Sale (POS), and Payment Processor) Forecast Period 2022-2028
The global mobile wallet market is predicted to grow at a CAGR of 18.6% during the forecast period (2022-2028). The global mobile wallet market is primarily driven by growing digitalization and a trend towards digital money across the globe. In addition, the growing internet penetration and mobile phone penetration have backed the mobile wallet industry growth. According to Census.gov, Among all households in 2018, 92% had at least one type of computer and 85% had a broadband internet subscription.Smartphone ownership surpassed ownership of all other computing devices. Smartphones were present in 84% of households, while 78% of households owned a desktop or laptop. Tablet ownership fell behind at 63%.
The market is segmented based on application, mode of payment, and stakeholders. By application, the market is segmented into entertainment and event pay, utility payments, traveling and hotel booking, shopping, mobile transfer, other micropayments, and coupons. Based on the mode of payment, the market is segmented into NFC payment and remote payment. Based on the stakeholders, the market is segmented into wallet provider, point of sale (POS), and payment processor. Further, wallet provider is sub-segmented into mobile operator, banks, and private companies. Point of sale (POS) is sub-segmented into retail, travel and entertainment, utilities, and others.
The global mobile wallet market is analyzed based on the geographical regions that are contributing significantly to the growth of the market. Based on the geography, the market is bifurcated into North America, Europe, Asia-Pacific, and the Rest of the World.Key players in the Mobile Wallet market include Adyen B.V., Airtel Payments Bank Ltd., Alipay (China) Internet Technology Co. Ltd., Allied Wallet, Inc., Amazon Pay, American Express Banking Corp., China UnionPay Co., Ltd., Google Inc. (Google Wallet, Android Pay), Mastercard, Inc., One Mobikwik System Pvt Ltd., PayPal Holdings, Inc., SoftBank Group Corp., Visa, Inc., and others.
Research Methodology
The market study of the global mobile walletmarket is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
The report provides an in-depth analysis of the market size andintended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
OMR Report Covers:
Category- Advanced Technologies