Mobile Wallet Market Boom: Expected to Surge from USD 2.78 Billion in 2023 to USD 15.83 Billion by 2030


Posted January 29, 2025 by falgunimmr

Mobile wallets offer features for storing and redeeming digital coupons, as well as managing loyalty cards and rewards programs from different merchants
 
Learn about the Mobile Wallet Market growth and developments.

Maximize Market Research, a leading Business Consultancy Firm, has released an extensive analysis of the Mobile Wallet Market. The report covers crucial business insights, demand trends, pricing analysis, and a comprehensive look at the competitive landscape. It offers an in-depth examination of the current state of the Mobile Wallet market, along with detailed forecasts extending through 2030.

Gain access to pivotal market insights by exploring the sample via the link @https://www.maximizemarketresearch.com/request-sample/61198/

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

The research on the Mobile Wallet market provides in-depth insights into critical factors, including those anticipated to drive the industry’s expansion and future challenges. Stakeholders will gain a complete understanding of the competitive landscape, the products offered by prominent companies, and the investment opportunities within the Mobile Wallet market. The study includes both qualitative and quantitative analysis of the sector. The scope of the MMR report encompasses a thorough assessment of the competitive dynamics within the Mobile Wallet Market.

The report introduces several new requirements, each backed by a detailed explanation. The Mobile Wallet Market analysis was developed using a combination of primary and secondary data sources, such as government documents, websites, annual reports, and expert opinions from professionals and academics.

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

This research provides a thorough analysis of all relevant data, such as market size, growth rate, and regional import and export trends. The geographic analysis within the study allows for a clear understanding of the Mobile Wallet market conditions across different countries. The Mobile Wallet market comprises regions including 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 2.78 Bn in 2023 and Mobile Wallet market revenue is expected to reach USD 15.83 Bn by 2030, at a CAGR of 28.2 % over the forecast period.

Uncover actionable market data by reviewing the sample in the link. :https://www.maximizemarketresearch.com/contact-us/

Analyze the growth opportunities within various product segments in the Mobile Wallet industry.

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 throughout 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

Discover more—request a sample report or inquire for additional information : @https://www.maximizemarketresearch.com/request-sample/61198/

Identify the key players dominating the Global 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

Examine the role of pricing strategies in shaping Mobile Wallet product sales and consumer choices.

♦ What are the key challenges facing the Mobile Wallet Market in the coming years

♦ How are technological advancements shaping the growth of the Mobile Wallet Market?

♦ What is the market share distribution across different segments in the Mobile Wallet Market?

♦ Which customer demographics are driving demand in the Mobile Wallet Market?

♦ How are sustainability practices influencing the Mobile Wallet Market?

♦ What role do social media and influencer marketing play in promoting products in the Mobile Wallet Market?

♦ What are the regulatory factors affecting the Mobile Wallet Market?

♦ What are the major innovations in product development within the Mobile Wallet Market?

♦ How are the economic conditions impacting consumer spending on Mobile Wallet products?

♦ What partnerships or collaborations are being formed within the Mobile Wallet industry

Get deeper insights—request a sample report or inquire for more details. @https://www.maximizemarketresearch.com/request-sample/61198/

Take a closer look at the breakthrough technologies shaping the industry.

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

Unlock key findings to adapt to shifting business dynamics.

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Issued By mmr
Country India
Categories Business
Last Updated January 29, 2025