Mobile Wallet and Payment Technologies: Global Markets

Report Code: FIN002B

Publish Date: Mar 2023

Publisher: BCC Publishing

Category: Finance

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Report Highlights

The global mobile wallet and payment technologies market should reach $12.6 trillion by 2027 from $4.5 trillion in 2022 at a compound annual growth rate (CAGR) of 23.1% for the forecast period of 2022 to 2027.

Report Includes

  • 48 data tables and 41 additional tables
  • An overview of the global markets for mobile wallet and payment technologies
  • Analyses of global market trends, with data from 2021 to 2022, estimates for 2023, and projections of compound annual growth rates (CAGRs) through 2027
  • Highlights of the market opportunities, and major issues and trends affecting the plastic industry and discussion on safety issues and frauds related to mobile banking
  • Information on key segments of mobile wallet and payment technologies including application, mode of payment and region
  • Description of mobile payment components and infrastructure status for NFC (near-field communication), snapshot of mobile wallet procurement systems and life cycle management
  • Insight into the recent industry structure, regulations and policies, pipeline products and the vendor landscape of the market leading participants
  • Company profiles of the leading global players, including Alphabet Inc., Citigroup Inc., Fiserv Inc., PayPal Holdings Inc., Tencent Holdings Ltd., and Visa Inc.

Report Scope

This report provides an overview of the global market for mobile wallet and payment technologies and analyzes market trends. Using 2021 as the base year, the report provides estimated market data for the forecast period 2022 through 2027. Revenue forecasts for this period are segmented based on wallet type, application, mode of payment, stakeholders, and region.

The report also focuses on the major trends and challenges that affect the market and the competitive landscape. It explains the current market trends and provides detailed profiles of the major players and the strategies they adopt to enhance their market presence. The report estimates the size of the global mobile wallet and payment technologies market in 2021 and provides projections of the expected market size through 2027.

Report Synopsis

Report Metrics Details
Base year considered 2021
Forecast period considered 2022 to 2027
Base year market size $3.8 trillion
Market size forecast $12.6 trillion
Growth rate CAGR of 23.1% for the forecast period of 2022-2027
Units considered $ Billions
Segments covered wallet type, application, mode of payment, stakeholders, and region
Regions covered North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa
Countries covered U.S., Canada, Mexico, U.K., Germany, France, Rest of Europe, China, Japan, India, Rest of Asia-Pacific, Brazil, and Rest of Latin America
Key Market Drivers
  • Rapid Growth in Use of Payment Wallet in E-commerce Industry
  • Increasing Penetration of Mobile Phones and Internet Users
  • Rising Fintech Investments Define Industry Landscape
  • Inconvenience and Security Concerns of Using Cash to Impact Mobile-based Transactions
  • Increasing Risk of Cyber-attacks
  • Paybacks and Reward Strategies
  • Surging Deployment in the Hospitality Industry
Companies studied
GOOGLE INC. (ALPHABET INC.)AMERICAN EXPRESS
ANT FINANCIAL SERVICES GROUPAPPLE INC.
BHARTI AIRTEL LTD.BLACKBERRY LTD.
CITIGROUP INC.DEUTSCHE TELEKOM AG
FIDELITY NATIONAL INFORMATION SERVICES INC.FISERV INC.
MASTERCARDONE MOBIKWIK SYSTEMS PVT. LTD.
ONE97 COMMUNICATIONS LTD.PAYPAL HOLDINGS INC.
PAYUSAMSUNG
T-MOBILE USA INC.TENCENT HOLDINGS LTD.
VERIZONVISA INC.
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Frequently Asked Questions (FAQs)

• The mobile wallet and payment technologies market is projected to grow from $3.8 trillion in 2021 to $12.6 trillion in 2027, at a compound annual growth rate (CAGR) of 23.1% during the forecast period.
• The key factors driving the growth of mobile wallet and payment technologies market include: o Rapid growth in use of payment wallet in e-commerce industry. o Increasing penetration of mobile phones and internet users. o Rise in fintech investments to define industry landscape
• The mobile wallet and payment technologies market is segmented on the basis of wallet type, mode of payment, application, stakeholders and region.
• Open payment segment will dominate the market by the end of 2027.
• Key companies in the market include: o Apple Pay o PayPal Holdings Inc. o Google Pay o American Express o Visa Inc.

Analyst Credentials

BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.

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Table of Contents

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at info@bccresearch.com
Title/Chapter NamePagesMember Price
Full Report: Mobile Wallet and Payment Technologies: Global Markets175Free
Chapter- 1: Introduction11Free
Chapter- 2: Executive Summary and Highlights3Free
Chapter- 3: Industry Outlook28Free
Chapter- 4: Supporting Equipment and Technology Overview5Free
Chapter- 5: Market Dynamics6Free
Chapter- 6: Market Breakdown by Type of Wallet3Free
Chapter- 7: Market Breakdown by Application7Free
Chapter- 8: Market Breakdown by Mode of Payment5Free
Chapter- 9: Market Breakdown by Stakeholder8Free
Chapter- 10: Market Breakdown by Region36Free
Chapter- 11: Patent Analysis9Free
Chapter- 12: Competitive Landscape8Free
Chapter- 13: Company Profiles46Free
Published - Apr-2019| Analyst - BCC Publishing| Code - FIN002A

Report Highlights

The global market for mobile wallet and payment technologies should grow from $35.7 billion in 2018 to $138.5 billion by 2023 at a compound annual growth rate (CAGR) of 31.1% for the period of 2018-2023.

Report Includes

  • 83 data tables
  • An overview of the global markets for mobile wallet and payment technologies
  • Analyses of global market trends, with data from 2017, 2018, and projections of compound annual growth rates (CAGRs) through 2023
  • Information on key segments of mobile wallet and payment technologies including application, mode of payment, and region
  • Description of components of mobile payment and infrastructure status for NFC (near-field communication)
  • Snapshot of mobile wallet procurement systems and life cycle management
  • Insights of legislation and regulations related to industry
  • Profiles of major companies of the industry including, American Express, Citigroup Inc., Fidelity National Information Services Inc., Mastercard and Visa Inc.

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Mobile Wallet and Payment Technologies: Global Markets
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