Global Mobile Wallet Market Growth (Status and Outlook) 2023-2029

Global Mobile Wallet Market Growth (Status and Outlook) 2023-2029

A mobile wallet is a form of e-commerce model that is made to be used with mobile devices and offers convenience and easy access. It provides service of the online transaction for every single operation in a routine. Mobile wallet offers various facilities such as debit, credit and online transaction from a bank account.

LPI (LP Information)' newest research report, the “Mobile Wallet Industry Forecast” looks at past sales and reviews total world Mobile Wallet sales in 2022, providing a comprehensive analysis by region and market sector of projected Mobile Wallet sales for 2023 through 2029. With Mobile Wallet sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Mobile Wallet industry.

This Insight Report provides a comprehensive analysis of the global Mobile Wallet landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Mobile Wallet portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Mobile Wallet market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Mobile Wallet and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Mobile Wallet.

The global Mobile Wallet market size is projected to grow from US$ 62610 million in 2022 to US$ 142330 million in 2029; it is expected to grow at a CAGR of 12.4% from 2023 to 2029.

Mobile wallet is a technology where debit and credit card information can be stored in the smart phone. In the other words instead of keeping the physical cards, one can just pay the bill with the help of the smart phone where the credentials of bank details, card and internet banking information is stored. As the technology is growing and government of various countries are promoting digital economy, the mobile wallet market is expected to grow immensely. Increasing uses of smartphone and growing e-commerce industry are some of the major factor which is supporting the market of mobile wallet around the world whereas growing security proliferation and security are some of the major restraint to the market.

This report presents a comprehensive overview, market shares, and growth opportunities of Mobile Wallet market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Open and Semi-Open
Semi-Closed and Closed

Segmentation by application
Banks
Third Party Payment

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
MasterCard
Apple
Amazon
Square
Citibank
Citrus Payment
Dwolla
Merchant Customer Exchange
Visa
Microsoft
Sprint
First Data
Paytm
Samsung
Google
Alipay
Splio

Please note: The report will take approximately 2 business days to prepare and deliver.