According to IMARC Group latest report titled” Mobile Wallet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market is currently witnessing strong growth. The Global Mobile Wallet Market to grow at a CAGR of 20% during 2021-2026. Mobile wallet is an online application and software program that aids individuals in making digital payments via the internet. Additionally, it involves the utilization of near-field communication (NFC) chip and QR codes technologies that facilitate the exchange of digital contents while securing the transaction process. It is generally accessible through installed or built-in applications that enable users to store debit and credit cards details. As a result, it offers enhanced convenience, a safer shopping experience, a wide range of uses, and an easy access as well as cashback and discounts coupons, due to which it is gaining widespread prominence among the masses.
Request to get the sample report: https://www.imarcgroup.com/mobile-wallet-market/requestsample
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
The global market is primarily driven by the increasing penetration of high-speed internet connectivity. Coupled with the rising adoption rates of tablets and smartphones among the masses, this is creating a positive outlook for the market. Along with this, continual improvements in the information technology (IT) and financial sectors are also providing a boost to the market growth. Furthermore, the sudden outbreak of coronavirus disease (COVID-19) has facilitated the adoption of digital payment methods in an attempt to maintain social distancing and minimize the spread of the virus, thereby positively influencing the market growth across the globe. In line with this, increasing government initiatives to promote cashless payments via mobile wallets is also driving the growth of the market. Other factors, including rapid digitization, the rising investments by key players to develop robust marketing strategies and celebrity endorsements, along with improvements in e-commerce infrastructure, are also projected to drive the market further. On account of the aforementioned factors, the market is anticipated to grow at a CAGR of 20% during the forecast period (2021-2026).
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/mobile-wallet-market
Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Alipay com (Alibaba Group Holding Limited)
- Amazon Web Services Inc. (Amazon.com Inc)
- American Express Company
- Apple Inc.
- Google LLC (Alphabet Inc.)
- Mastercard Incorporated
- Paypal Holdings Inc.
- Samsung Electronics Co. Ltd.
- Squareup Pte. Ltd.
- Visa Inc
Mobile Wallet Market Segmentation:
Our report has categorized the market based on region, type and application.
Breakup by Type:
- Proximity
- Remote
Breakup by Application:
- Retail
- Hospitality and Transportation
- Telecommunication
- Healthcare
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
We are updating our reports, If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you in PDF format via email within 24 to 48 hours after the payment confirmation.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US:
IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
