Global Mobile Wallets Market Research Report 2021-2026 –
Dublin, Nov 24, 2021 (GLOBE NEWSWIRE) – The report “Mobile Wallets Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2021-2026” has been added to ResearchAndMarkets.com offer.
The global mobile wallet market has shown strong growth during the period 2015-2020. Looking ahead, the market is expected to grow at a CAGR of 20% during 2021-2026.
The global mobile wallet market is primarily driven by the growing adoption of smartphones and increasing internet penetration. In addition to this, the expanding ecommerce platforms offer transaction facilities through mobile wallets, thus propelling the growth of the market. They also bring a new dimension to retail sales to enhance their business presence by connecting merchants and financial institutions to communicate promotional programs and other relevant interests.
In addition to this, key players are collaborating with banks, vendors and payment service providers to develop the payment infrastructure to improve the user experience. For example, market players are offering features like mobile vouchers, digital loyalty programs, digital charity boxes, and dynamic currency conversion to promote cashless payments through mobile wallets.
Key market segmentation
The report provides key trend analysis within each sub-segment of the global mobile wallets market, along with forecast at global, regional, and country level from 2021 to 2026. The report has categorized the market on the basis of region, type and application.
Breakdown by type
Breakdown by application
- Hospitality and transport
- Health care
Breakdown by region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The competitive landscape of the industry was also examined along with the profiles of the major players being:
- Alipay.com (Alibaba Group Holding Limited)
- Amazon Web Services Inc. (Amazon.com Inc)
- American Express Company
- Apple Inc.
- Google LLC (Alphabet Inc.)
- Embedded Mastercard
- Paypal Holdings Inc.
- Samsung Electronics Co. Ltd.
- Squareup Pte. Ltd.
- Visa inc.
Key questions addressed in the report
- How has the global mobile wallet market performed so far and how will it perform in the years to come?
- What has been the impact of COVID-19 on the global mobile wallet market?
- What are the main regional markets?
- What is the market breakdown according to type?
- What is the market split depending on the application?
- What are the different stages of the industry value chain?
- What are the main factors and challenges for the industry?
- What is the structure of the global mobile wallets market and who are the major players?
- How competitive is the industry?
For more information on this report, visit https://www.researchandmarkets.com/r/q6ytt2