Rapid surge in smart device adoption fuels growth

DUBLIN, Feb. 23, 2023 /PRNewswire/ — The Mobile Wallet and Payment Technologies: Global Markets report has been added to ResearchAndMarkets.com’s offering.

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The market for mobile wallets and payment technologies is shifting towards digitization and expanding the options for customers for online transactions and cashless payments. The rapid rise in the adoption of smart devices such as smartphones, increasing internet penetration and increasing government initiatives to develop smart cities in many countries are fueling the demand for mobile wallets and payment technologies worldwide. Increasing adoption of mobile wallet payments and offerings provided by key market players, as well as government initiatives and regulations, will fuel the growth of mobile wallet payments across all consumer industries.

Mobile payments are transactions made through a person’s bank account, debit card, or credit card. Mobile wallet payments are processed through a mobile wallet account. The main goal of the mobile wallet is to provide a user with an electronic wallet where all the contents of a real wallet (cash and cards) are electronically available anytime, anywhere.

The rapid expansion of the e-commerce industry is a major factor driving the market growth. In recent years, more than half of the world’s internet traffic has come from mobile devices (smartphones, tablets and PCs). The main reason behind the increasing demand and growth of the e-commerce industry is convenience. Slower adoption of contactless payments, fraud and risk of breach are expected to hamper the growth of this market.

In this report, the global mobile wallet and payment technologies market has been segmented on the basis of wallet type, payment method, application, stakeholders and region.

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report includes

48 data tables and 41 supplementary tables

An overview of the global mobile wallet and payment technology markets

Analyzes of global market trends with data from 2021 to 2022, estimates for 2023 and projections of compound annual growth rates (CAGRs) to 2027

Highlights of the market opportunities along with major topics and trends affecting the plastics industry and discussions of security issues and fraud related to Mobile Banking

Information on key segments of mobile wallets and payment technologies, including application, payment type 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 current industry structure, regulations and policies, pipeline products and vendor landscape of the market-leading participants

Company profiles of leading global players including Alphabet Inc., Citigroup Inc., Fiserv Inc., PayPal Holdings Inc., Tencent Holdings Ltd. and Visa Inc.

Main topics covered:

Chapter 1 Introduction

Chapter 2 Summary and Highlights
2.1 Summary

Chapter 3 Industry Outlook
3.1 Market Overview
3.2 Components of Mobile Payments
3.2.5 Direct cooperation with sponsor banks
3.3 Infrastructure Status for Near Field Communication PoS
3.4 Mobile Wallet Procurement Systems and Lifecycle Management
3.5 Mobile Wallet Payment Framework
3.6 Legal and Regulatory Framework
3.7 Analysis of the value chain
3.8 PESTEL Analysis
3.9 Assessment of the impact of Covid-19 on the market

Chapter 4 Overview of supporting equipment and technology
4.1 Overview
4.2 Overview of supporting equipment and technology
4.2.1 RFID
4.2.2 Mobile Phone Payment
4.2.3 Smart Phone
4.2.4 4G Technology
4.2.5 5G Technology
4.2.6 Wireless Technology Issues
4.3 Technology by Consumers and Dealers
4.4 Mobile Client Device Technologies and Issues
4.5 Infrastructure for communication and problems

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Chapter 5 Market Dynamics

Chapter 6 Market Breakdown by Wallet Type
6.1 Overview
6.2 Opening
6.3 Semi-closed
6.4 Closed

Chapter 7 Market Breakdown by Application
7.1 Overview
7.2 Mobile Trading
7.3 Mobile Transmission
7.4 Mobile Ticketing
7.5 Mobile Vouchers
7.6 Micropayments
7.7 Miscellaneous
7.7.1 Passenger Check-in
7.7.2 Checked Baggage
7.7.3 Prepaid Taxi Booking
7.7.4 Park mobile phone wallet

Chapter 8 Market Breakdown by Payment Type
8.1 Overview
8.2 Remote Control
8.3 Proximity
8.3.1 Near Field Communication (NFC)
8.3.2 Miscellaneous

Chapter 9 Market Breakdown by Stakeholders
9.1 Overview
9.2 Mobile Network Operators
9.3 Manufacturers of handsets and other hardware solutions
9.4 Mobile Payment Network and Banks
9.5 Oss/Bss Solution Provider
9.6 Software Developers and Cloud Computing
9.6.1 Software Developer
9.6.2 Cloud Computing
9.7 Content and Application Aggregators
9.8 Trusted Service Manager
9.9 Other Parties
9.9.1 Retailers
9.9.2 Value Added Service Provider

Chapter 10 Market Breakdown by Region
10.1 Overview
10.2 North America
10.2.1 United States
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 United Kingdom
10.3.2 Germany
10.3.3 France
10.4 Asia Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.5 Latin America
10.5.1 Brazil
10.6 Middle East and Africa

Chapter 11 Patent Analysis
11.1 Recently Issued Patents

Chapter 12 Competitive Landscape
12.1 Vendor Landscape
12.2 Market Ranking Analysis
12.3 Competitive Scenario

Chapter 13 Company Profiles

companies mentioned

alphabet inc

American Express

Ant financial services group

apple inc

Bharti Airtel Ltd.

blackberry ltd

Citigroup Inc.

Deutsche Telekom AG

Fidelity National Information Services Inc.

Fisherv, Inc.

MasterCard

A Mobiwik Systems Pvt. GmbH.

One97 Communications Ltd.

PayPal Holdings Inc.

Payu

Samsung

T-Mobile US Inc.

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Tencent Holdings Ltd.

Verizon

visa inc

For more information about this report, visit https://www.researchandmarkets.com/r/yw1xpx-wallet-and?w=5

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