Mobile Wallet Market Growth: Demand Forecast Analysis 2023-2028 (2023)

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Mar 29, 2023 (The Expresswire) --A Comprehensive Growth Research 2023: “Mobile Wallet Market” | Survey with 104 Pages Report

The Global "Mobile Wallet Market" Research Report offers a comprehensive analysis of various market dynamics in the parent industry, enabling businesses to make informed decisions and formulate development strategies based on the opportunities present in the market. The report provides an assessment of the market performance of key vendors across different regions, along with their company profile, growth aspects, opportunities, and threats to market development. Through the evaluation of worldwide data related to the actual and potential market situation, the report provides insights into future market trends that help organizations achieve their goals. Industry analysts and experts provide valuable insights into the future outlook, which assist businesses in making informed decisions and staying ahead of the competition. Overall, this report offers a valuable resource for businesses seeking to understand the Mobile Wallet Market and capitalize on the opportunities available

Furthermore, this report investigates into the top industry segments by type [NFC, Digital Wallet], applications [Millennials (people between 23 to 38), Gen Z (those between 7 and 22)], and regions, highlighting important aspects such as market size, share, trends, and key drivers with the aid of SWOT and PESTLE analysis. In addition, this research report provides insights into pricing strategies, business statistics, supply chain, and technological advancements over the forecast period, giving businesses a deeper understanding of the industry's complexities and opportunities.

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Some of the prominent players reviewed in the research report include:

● Mobile Wallet
● Google Wallet
● Bharti Airtel Limited
● AliPay
● ApplePay
● American Express Company
● WeChat Pay

Report Scope:

The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment markets by type, application and region, and, as a result, provides a holistic view of, as well as a deep insight into the Boswellia market covering all its essential aspects.

For the competitive landscape, the report also introduces players in the industry from the perspective of the market share, concentration ratio, etc., and describes the leading companies in detail, with which the readers can get a better idea of their competitors and acquire an in-depth understanding of the competitive situation. Further, mergers and acquisitions, emerging market trends, the impact of COVID-19, and regional conflicts will all be considered.

In a nutshell, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the market in any manner.

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Market Insights and Analysis:

The global Mobile Wallet market size was valued at USD 98187.66 million in 2022 and is expected to expand at a CAGR of 24.18Percent during the forecast period, reaching USD 359988.75 million by 2028.
A mobile wallet is a virtual wallet that stores payment card information on a mobile device. Mobile wallets are a convenient way for a user to make in-store payments and can be used at merchants listed with the mobile wallet service provider.

The Mobile Wallet market report provides businesses with a wealth of valuable information, offering a comprehensive overview of current trends, market size, recent developments, and new opportunities. This report is an essential resource for any business looking to gain a better understanding of the industry, with growth analysis and historical and futuristic data on costs, revenue, demand, and supply. By providing in-depth insights into the market's scope and application, this study enhances understanding and facilitates strategic decision-making. For businesses of all sizes, the Mobile Wallet market report is a crucial tool, illuminating product development, marketing strategies, and overall business growth. With its valuable information and analysis, this report can help businesses stay ahead in a highly competitive industry.

Industry Segment by Type:

● NFC
● Digital Wallet

Industry Segment by Application:

● Millennials (people between 23 to 38)
● Gen Z (those between 7 and 22)
● Others

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Regional Outlook:

The market has been segmented into various major geographies, including North America, Europe, Asia-Pacific, South America. Detailed analysis of major countries such as the USA, Germany, the U.K., Italy, France, China, Japan, South Korea, Southeast Asia, and India will be covered within the regional segment.

Key Drivers and Barriers:

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

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Following queries are answered in the Mobile Wallet report:

Client Focus
1. Does this report consider the impact of COVID-19 and the Russia-Ukraine war on theMobile Wallet market?
Yes. As the COVID-19 and the Russia-Ukraine war are profoundly affecting the global supply chain relationship and raw material price system, we have definitely taken them into consideration throughout the research, and in Chapters 1.7, 2.7, 4.X.1, 7.5, 8.7, we elaborate at full length on the impact of the pandemic and the war on the Mobile Wallet Industry.

2. How do you determine the list of the key players included in the report?
With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth.

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3. What are your main data sources?
Both Primary and Secondary data sources are being used while compiling the report.
Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced front-line staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users.

Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. We also cooperate with some third-party databases.

4. Can I modify the scope of the report and customize it to suit my requirements?
Yes. Customized requirements of multi-dimensional, deep-level and high-quality can help our customers precisely grasp market opportunities, effortlessly confront market challenges, properly formulate market strategies and act promptly, thus to win them sufficient time and space for market competition.

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Detailed TOC of Mobile Wallet Market Forecast Report 2023-2028:

1 Mobile Wallet Market Overview

1.1 Product Overview and Scope of Mobile Wallet Market

1.2 Mobile Wallet Market Segment by Type

1.2.1 Global Mobile Wallet Market Sales Volume and CAGR (%) Comparison by Type (2018-2028)

1.3 Global Mobile Wallet Market Segment by Application

1.3.1 Mobile Wallet Market Consumption (Sales Volume) Comparison by Application (2018-2028)

1.4 Global Mobile Wallet Market, Region Wise (2018-2028)

1.5 Global Market Size of Mobile Wallet (2018-2028)

1.5.1 Global Mobile Wallet Market Revenue Status and Outlook (2018-2028)

1.5.2 Global Mobile Wallet Market Sales Volume Status and Outlook (2018-2028)

1.6 Global Macroeconomic Analysis

1.7 The impact of the Russia-Ukraine war on the Mobile Wallet Market

2 Industry Outlook

2.1 Mobile Wallet Industry Technology Status and Trends

2.2 Industry Entry Barriers

2.2.1 Analysis of Financial Barriers

2.2.2 Analysis of Technical Barriers

2.2.3 Analysis of Talent Barriers

2.2.4 Analysis of Brand Barrier

2.3 Mobile Wallet Market Drivers Analysis

2.4 Mobile Wallet Market Challenges Analysis

2.5 Emerging Market Trends

2.6 Consumer Preference Analysis

2.7 Mobile Wallet Industry Development Trends under COVID-19 Outbreak

2.7.1 Global COVID-19 Status Overview

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2.7.2 Influence of COVID-19 Outbreak on Mobile Wallet Industry Development

3 Global Mobile Wallet Market Landscape by Player

3.1 Global Mobile Wallet Sales Volume and Share by Player (2018-2023)

3.2 Global Mobile Wallet Revenue and Market Share by Player (2018-2023)

3.3 Global Mobile Wallet Average Price by Player (2018-2023)

3.4 Global Mobile Wallet Gross Margin by Player (2018-2023)

3.5 Mobile Wallet Market Competitive Situation and Trends

3.5.1 Mobile Wallet Market Concentration Rate

3.5.2 Mobile Wallet Market Share of Top 3 and Top 6 Players

3.5.3 Mergers and Acquisitions, Expansion

4 Global Mobile Wallet Sales Volume and Revenue Region Wise (2018-2023)

4.1 Global Mobile Wallet Sales Volume and Market Share, Region Wise (2018-2023)

4.2 Global Mobile Wallet Revenue and Market Share, Region Wise (2018-2023)

4.3 Global Mobile Wallet Sales Volume, Revenue, Price and Gross Margin (2018-2023)

4.4 United States Mobile Wallet Sales Volume, Revenue, Price and Gross Margin (2018-2023)

4.4.1 United States Mobile Wallet Market Under COVID-19

4.5 Europe Mobile Wallet Sales Volume, Revenue, Price and Gross Margin (2018-2023)

4.5.1 Europe Mobile Wallet Market Under COVID-19

4.6 China Mobile Wallet Sales Volume, Revenue, Price and Gross Margin (2018-2023)

4.6.1 China Mobile Wallet Market Under COVID-19

4.7 Japan Mobile Wallet Sales Volume, Revenue, Price and Gross Margin (2018-2023)

4.7.1 Japan Mobile Wallet Market Under COVID-19

4.8 India Mobile Wallet Sales Volume, Revenue, Price and Gross Margin (2018-2023)

4.8.1 India Mobile Wallet Market Under COVID-19

4.9 Southeast Asia Mobile Wallet Sales Volume, Revenue, Price and Gross Margin (2018-2023)

4.9.1 Southeast Asia Mobile Wallet Market Under COVID-19

4.10 Latin America Mobile Wallet Sales Volume, Revenue, Price and Gross Margin (2018-2023)

4.10.1 Latin America Mobile Wallet Market Under COVID-19

4.11 Middle East and Africa Mobile Wallet Sales Volume, Revenue, Price and Gross Margin (2018-2023)

4.11.1 Middle East and Africa Mobile Wallet Market Under COVID-19

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5 Global Mobile Wallet Sales Volume, Revenue, Price Trend by Type

5.1 Global Mobile Wallet Sales Volume and Market Share by Type (2018-2023)

5.2 Global Mobile Wallet Revenue and Market Share by Type (2018-2023)

5.3 Global Mobile Wallet Price by Type (2018-2023)

5.4 Global Mobile Wallet Sales Volume, Revenue and Growth Rate by Type (2018-2023)

6 Global Mobile Wallet Market Analysis by Application

6.1 Global Mobile Wallet Consumption and Market Share by Application (2018-2023)

6.2 Global Mobile Wallet Consumption Revenue and Market Share by Application (2018-2023)

6.3 Global Mobile Wallet Consumption and Growth Rate by Application (2018-2023)

7 Global Mobile Wallet Market Forecast (2023-2028)

7.1 Global Mobile Wallet Sales Volume, Revenue Forecast (2023-2028)

7.1.1 Global Mobile Wallet Sales Volume and Growth Rate Forecast (2023-2028)

7.1.2 Global Mobile Wallet Revenue and Growth Rate Forecast (2023-2028)

7.1.3 Global Mobile Wallet Price and Trend Forecast (2023-2028)

7.2 Global Mobile Wallet Sales Volume and Revenue Forecast, Region Wise (2023-2028)

7.3 Global Mobile Wallet Sales Volume, Revenue and Price Forecast by Type (2023-2028)

7.4 Global Mobile Wallet Consumption Forecast by Application (2023-2028)

7.5 Mobile Wallet Market Forecast Under COVID-19

8 Mobile Wallet Market Upstream and Downstream Analysis

8.1 Mobile Wallet Industrial Chain Analysis

8.2 Key Raw Materials Suppliers and Price Analysis

8.3 Manufacturing Cost Structure Analysis

8.3.1 Labor Cost Analysis

8.3.2 Energy Costs Analysis

8.3.3 RandD Costs Analysis

8.4 Alternative Product Analysis

8.5 Major Distributors of Mobile Wallet Analysis

8.6 Major Downstream Buyers of Mobile Wallet Analysis

8.7 Impact of COVID-19 and the Russia-Ukraine war on the Upstream and Downstream in the Mobile Wallet Industry

9 Players Profiles

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10 Research Findings and Conclusion

11 Appendix

11.1 Methodology

11.2 Research Data Source

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Mobile Wallet Market Growth: Demand Forecast Analysis 2023-2028 (1)

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FAQs

What is the market size of digital wallets? ›

The mobile wallet market size was valued at $1,043.1 billion in 2019, and is projected to reach $7,580.1 billion by 2027, growing at a CAGR of 28.2% from 2020 to 2027. A mobile wallet allows consumers to make transactions even during travel, from any location, anytime.

How does mobile wallet work? ›

A mobile wallet is either a built-in feature or an app that can be installed onto smartphones. A mobile wallet stores credit card, debit card, coupon, or reward card information and can connect directly to bank accounts.

What is a phone wallet? ›

A mobile wallet is a digital way to store credit, debit, ID, and gift cards so that purchases can be made using a mobile smart device rather than a physical card.

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