This report provides exclusive insights into the COVID-19 impact on the Mobile Wallet Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Mobile Wallet Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Mobile Wallet Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by
Infinium Global Research on mobile wallet market provides in-depth analysis of
segments and sub-segments in the global as well as regional mobile wallet
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional mobile wallet market over the short term
as well as long term. The report is a comprehensive presentation of trends,
forecast and dollar values of the global mobile wallet market. According to the
report, the global mobile wallet market is projected to grow at a CAGR of 34.1%
over the forecast period of 2019-2025.
The mobile wallet is a type of
payment service by which anyone can receive and send money via mobile devices.
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. A growing number of tablet computer and smartphone users has
significantly created the platform for mobile wallet companies to penetrate the
The global mobile wallet market is
expected to be primarily driven by factors such as trending offers and
promotional activities by market players. Furthermore, an increasing number of
Smartphone users and customer shift towards electronic money are anticipated to
boost the demand for mobile wallets worldwide. Additionally, as high
transaction volumes through m-commerce are contributing to the growth of the
mobile wallet market. However, the growth in global mobile wallet market is
likely to be hampered by factors such as Security concerns among consumers, the
lack of awareness in emerging markets and government support for cashless
transactions and electronic money to encourage the transparency of financial
transactions is augmenting the market size of the mobile wallet. Moreover, the mobile wallet makes customer communications highly personalized, and connected
and real-time marketing offers that is projected to create several
opportunities in this market during the forecast year
Among the geographies, North
America holds the maximum market shares in the mobile wallet market followed by
Europe. The growing shift towards the digital economy and high Internet
penetration are the key factors that drive the growth of North America mobile
wallet market. Europe is also showing a robust growth rate, followed by The Asia Pacific. The Asia Pacific is the fastest growing region in the mobile wallet
market. The counties in this region show high growth potential due to the
adoption of smartphones and growing preference for the online transactions
The report on the global mobile wallet market covers segments such as mode of payment, stakeholders, and application.
On the basis of mode of payment, the sub-markets include remote payment, and
NFC payment. On the basis of stakeholders, the sub-markets include software
developers and cloud computing, content and applications aggregators, mobile
network operators (MNOS), handset and other hardware solution manufacturers,
OSS/BSS solution providers, and other stakeholders. On the basis of
application, the sub-markets include mobile commerce market, mobile ticketing
market, mobile coupons market, mobile transfers market, and micropayments.
The report provides profiles of
the companies in the market such as American Express Company, Apple Inc.,
AT&T Inc, BlackBerry Limited, First Data Corporation, Google Inc., Samsung
Electronics Co., Ltd., MasterCard Incorporated, Visa Inc., Sprint Corporation,
and Other companies.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the mobile wallet market. Moreover, the study highlights current market
trends and provides forecast from 2019-2025. We also have highlighted future
trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight into the market share of the leading players.