Innovative Payments Drive Mobile Wallet Market to USD 15.83 Billion by 2030

Written by falgunimmr  »  Updated on: December 04th, 2024

Learn about the Mobile Wallet Market growth and developments.

Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the Mobile Wallet Market. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Mobile Wallet market, with forecasts outspreading to the year 2030.

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Discover how we define the Mobile Wallet Market scope and research approach.

The Mobile Wallet market research provides comprehensive information on significant aspects, including those that are expected to drive the industry’s growth and upcoming challenges. The competitive environment of the industry, the products marketed by well-known companies, and the investment potential in the Mobile Wallet market will all be thoroughly understood by stakeholders. The study covers both the qualitative and quantitative components of the sector. A comprehensive examination of the competition for the Mobile Wallet Market is included in the scope of the MMR report.

The report offers a number of new requirements, each with a thorough justification. The Mobile Wallet Market was created by consulting both primary and secondary sources of information, including government documents, websites, annual reports, and the opinions of other professionals and academics.

Uncover the regional opportunities and challenges in the Mobile Wallet Market.

This study includes a comprehensive analysis of all pertinent data, including market size, growth rate, and import and export by region. The research’s geographic analysis makes it possible to comprehend the Mobile Wallet market situations in various nations. The Mobile Wallet market is made up of the markets in North America, Europe, Asia Pacific, Latin America, Africa, and the Middle East.

Discover key segments driving the growth of the Mobile Wallet Market :

Global Mobile Wallet Market size was valued at USD 10.25 Bn. in 2023 and the total Mobile Wallet revenue is expected to grow by 18.9 % from 2024 to 2030, reaching nearly USD 34.43 Bn.

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Mobile Wallet Market segmentation :

by Type

Proximity

Remote

The market is divided into two segments based on type: Proximity and Remote. In 2023, the proximity category dominated the market, and it is anticipated to continue to maintain the greatest share of the mobile wallet market during the forecast period. A subclass of digital wallets designed especially for usage in close-proximity situations are called proximity mobile wallets. These wallets function as a virtual storehouse for several payment methods and login credentials and are available as mobile applications, usually on smartphones. Users of mobile wallets connect a variety of payment methods to their digital wallets inside the Proximity category.

by Technology

Near Field Communication

QR Code

Text based/Short message service

Digital

The market is divided into four segments based on technology: digital, text-based/short messaging services, QR codes, and near field communication. The market was dominated in 2023 by the Near Field Communication and QR Code segment, which is anticipated to maintain its greatest share of the mobile market during the forecast period. When put close together (usually within a few centimeters), devices like smartphones and contactless payment terminals may exchange data thanks to NFC, a short-range wireless communication technology. It functions according to electromagnetic radio field principles. Because NFC transactions are so quick and easy, they can be used for in-store purchases. To pay, users only need to tap their devices. Since the data being transferred is encrypted, NFC transactions are safe, which greatly aids in the expansion of the mobile wallet market.

by End-User

Personal

Business

by Industry Vertical

Hospitality & Transportation

Media & Entertainment

Retail

Healthcare

Energy & utilities

Telecommunication

Others

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Learn about the top players driving innovation in the Mobile Wallet Market :

1. PayPal Holdings, Inc.

2. Samsung Electronics Co., Ltd

3. VISA Inc.

4. Amazon Web Services Inc.

5. American Express Banking Corp.

6. Apple Inc.

7. Alipay

8. AT&T Inc.

9. Google Inc.

10. JP Morgan Chase

11. Tencent

12. Ant Financial

13. One97 Communications Limited

14. Vodafone

15. Skrill

16. Sprint Corporation

17. Well Fargo

18. First Data

Get answers to critical questions shaping the Mobile Wallet Market

What is Mobile Wallet ?

What is the growth rate of the Mobile Wallet Market?

Which are the factors expected to drive the Mobile Wallet market growth?

What is the CAGR at which the Mobile Wallet market will grow during the forecast period?

What are the different segments of the Mobile Wallet Market?

Which is the fastest growing region in the Mobile Wallet market?

What growth strategies are the players considering to increase their presence in Mobile Wallet ?

What are the upcoming opportunities and trends for the Mobile Wallet Market?

What are the recent industry trends that can be implemented to generate additional revenue streams for the Mobile Wallet Market?

Who are the leading companies and what are their portfolios in Mobile Wallet Market?

What segments are covered in the Mobile Wallet Market?

Who are the key players in the Mobile Wallet market?

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Get a closer look at the game-changing products driving success :

Past Size and Competitive Landscape

   • Past Pricing and price curve by region

   • Size, Share, Size Forecast by different segment

   • Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region

   • Segmentation A detailed analysis by segment with their sub-segments and Region

   • Competitive Landscape Profiles of selected key players by region from a strategic perspective

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