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Global E-Wallet Market Size Study, by Technology (Near Field Communication, QR Code, Text-based Service, Digital Only), by Application (Retail & E-Commerce, Hospitality & Transportation, Banking, Vending Machine) and Regional Forecasts 2022-2032

August 2024 | 200 pages | ID: G7C870AE1114EN
Bizwit Research & Consulting LLP

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Global E-Wallet Market is valued at approximately USD 102.16 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 21.97% over the forecast period 2024-2032. E-wallets, also known as digital wallets, have revolutionized the way transactions are conducted by offering a faster, more secure alternative to cash transactions. The increased adoption of contactless payments, coupled with the burgeoning smartphone market, has been pivotal in driving the growth of the e-wallet market. E-wallets provide numerous benefits, including ease of use, convenience, and real-time transaction tracking, making them highly attractive to consumers. These digital wallets allow users to make transactions such as mobile recharges, bill payments, and money transfers seamlessly. The growing preference for contactless transactions has further bolstered the market, with consumers increasingly favoring digital payment methods over traditional cash payments.
The growing preference for contactless transactions is significantly driving demand for the e-wallet market. As consumers increasingly seek convenient and secure ways to manage their finances, e-wallets offer a seamless alternative to traditional payment methods. The rise in mobile device usage and advancements in digital payment technologies have made e-wallets more accessible and user-friendly. Additionally, heightened awareness of hygiene and safety concerns, accelerated by recent global health events, has shifted consumer behavior towards touch-free transactions. E-wallets provide a swift, secure, and contactless solution for both online and in-person purchases, enhancing user experience and reducing physical contact. This shift is catalyzing widespread adoption, propelling the e-wallet market's growth and transforming how individuals handle transactions in the digital age.
The key regions considered for the Global E-Wallet Market study include Asia-Pacific, North America, Europe, Latin America, and Middle East & Africa. In 2023, North America dominates the market due to the high adoption rate of smartphones and tablets, particularly among the younger generation. The region's strong consumer preference for convenient and secure payment solutions fuels the growth of e-wallets, with major players and innovative startups driving market expansion. Additionally, North America's robust financial sector and supportive regulatory environment further facilitate the adoption of digital wallets. High levels of disposable income and a tech-savvy population also contribute to the region's leadership in e-wallet usage. This dominance is reflected in significant investments, extensive partnerships with retailers, and a high rate of digital payment adoption among consumers and businesses alike. Europe holds the second-largest market share, driven by developments in NFC-based applications and contactless transactions. The Asia-Pacific region is expected to grow at the fastest CAGR, fuelled by a large population, rising smartphone usage, and the booming e-commerce sector.

Major market players included in this report are:
DAMEN ePayment
Samsung Electronics Co. Ltd.
KFH
Google Inc.
Alipay
Mastercard Incorporated
Amazon Web Services Inc.
PayPal Holdings
American Express Banking Corp.
Apple Inc.
AT&T Inc.

The detailed segments and sub-segment of the market are explained below:
By Technology:
Near Field Communication
QR Code
Text-based Service
Digital Only

By Application:
Retail & E-Commerce
Hospitality & Transportation
Banking
Vending Machine

By Region:
North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific

China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico
Rest of Latin America

Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:
Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032

Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.
CHAPTER 1. GLOBAL E-WALLET MARKET EXECUTIVE SUMMARY

1.1. Global E-Wallet Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
  1.3.1. By Technology
  1.3.2. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

CHAPTER 2. GLOBAL E-WALLET MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
  2.3.1. Inclusion & Exclusion
  2.3.2. Limitations
  2.3.3. Supply Side Analysis
    2.3.3.1. Availability
    2.3.3.2. Infrastructure
    2.3.3.3. Regulatory Environment
    2.3.3.4. Market Competition
    2.3.3.5. Economic Viability (Consumer’s Perspective)
  2.3.4. Demand Side Analysis
    2.3.4.1. Regulatory frameworks
    2.3.4.2. Technological Advancements
    2.3.4.3. Environmental Considerations
    2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

CHAPTER 3. GLOBAL E-WALLET MARKET DYNAMICS

3.1. Market Drivers
  3.1.1. Growing Preference for Contactless Transactions
  3.1.2. Increased Adoption of Smartphones
3.2. Market Challenges
  3.2.1. Security Concerns
  3.2.2. Regulatory Compliance
3.3. Market Opportunities
  3.3.1. Expansion in Developing Economies
  3.3.2. Integration with Emerging Technologies

CHAPTER 4. GLOBAL E-WALLET MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL E-WALLET MARKET SIZE & FORECASTS BY TECHNOLOGY 2022-2032

5.1. Segment Dashboard
5.2. Global E-Wallet Market: Technology Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  5.2.1. Near Field Communication
  5.2.2. QR Code
  5.2.3. Text-based Service
  5.2.4. Digital Only

CHAPTER 6. GLOBAL E-WALLET MARKET SIZE & FORECASTS BY APPLICATION 2022-2032

6.1. Segment Dashboard
6.2. Global E-Wallet Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  6.2.1. Retail & E-Commerce
  6.2.2. Hospitality & Transportation
  6.2.3. Banking
  6.2.4. Vending Machine

CHAPTER 7. GLOBAL E-WALLET MARKET SIZE & FORECASTS BY REGION 2022-2032

7.1. North America E-Wallet Market
  7.1.1. U.S. E-Wallet Market
    7.1.1.1. Technology breakdown size & forecasts, 2022-2032
    7.1.1.2. Application breakdown size & forecasts, 2022-2032
  7.1.2. Canada E-Wallet Market
7.2. Europe E-Wallet Market
  7.2.1. U.K. E-Wallet Market
  7.2.2. Germany E-Wallet Market
  7.2.3. France E-Wallet Market
  7.2.4. Spain E-Wallet Market
  7.2.5. Italy E-Wallet Market
  7.2.6. Rest of Europe E-Wallet Market
7.3. Asia-Pacific E-Wallet Market
  7.3.1. China E-Wallet Market
  7.3.2. India E-Wallet Market
  7.3.3. Japan E-Wallet Market
  7.3.4. Australia E-Wallet Market
  7.3.5. South Korea E-Wallet Market
  7.3.6. Rest of Asia Pacific E-Wallet Market
7.4. Latin America E-Wallet Market
  7.4.1. Brazil E-Wallet Market
  7.4.2. Mexico E-Wallet Market
  7.4.3. Rest of Latin America E-Wallet Market
7.5. Middle East & Africa E-Wallet Market
  7.5.1. Saudi Arabia E-Wallet Market
  7.5.2. South Africa E-Wallet Market
  7.5.3. Rest of Middle East & Africa E-Wallet Market

CHAPTER 8. COMPETITIVE INTELLIGENCE

8.1. Key Company SWOT Analysis
  8.1.1. Company
  8.1.2. Company
  8.1.3. Company
8.2. Top Market Strategies
8.3. Company Profiles
  8.3.1. PayPal Holdings
    8.3.1.1. Key Information
    8.3.1.2. Overview
    8.3.1.3. Financial (Subject to Data Availability)
    8.3.1.4. Product Summary
    8.3.1.5. Market Strategies
  8.3.2. Google Inc.
  8.3.3. Mastercard Incorporated
  8.3.4. Amazon Web Services Inc.
  8.3.5. American Express Banking Corp.
  8.3.6. Apple Inc.
  8.3.7. KFH
  8.3.8. AT&T Inc.
  8.3.9. DAMEN ePayment
  8.3.10. Alipay
  8.3.11. Samsung Electronics Co. Ltd.

CHAPTER 9. RESEARCH PROCESS

9.1. Research Process
  9.1.1. Data Mining
  9.1.2. Analysis
  9.1.3. Market Estimation
  9.1.4. Validation
  9.1.5. Publishing
9.2. Research Attributes

LIST OF TABLES

TABLE 1. Global E-Wallet market, report scope
TABLE 2. Global E-Wallet market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global E-Wallet market estimates & forecasts by Technology 2022-2032 (USD Billion)
TABLE 4. Global E-Wallet market estimates & forecasts by Application 2022-2032 (USD Billion)
TABLE 5. Global E-Wallet market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 6. Global E-Wallet market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7. Global E-Wallet market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Global E-Wallet market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Global E-Wallet market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Global E-Wallet market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Global E-Wallet market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Global E-Wallet market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Global E-Wallet market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Global E-Wallet market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. U.S. E-Wallet market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. U.S. E-Wallet market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 17. U.S. E-Wallet market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 18. Canada E-Wallet market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 19. Canada E-Wallet market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 20. Canada E-Wallet market estimates & forecasts by segment 2022-2032 (USD Billion)
…..
This list is not complete, final report does contain more than 100 tables. The list may be updated in the final deliverable.

LIST OF FIGURES

FIG 1. Global E-Wallet market, research methodology
FIG 2. Global E-Wallet market, market estimation techniques
FIG 3. Global market size estimates & forecast methods.
FIG 4. Global E-Wallet market, key trends 2023
FIG 5. Global E-Wallet market, growth prospects 2022-2032
FIG 6. Global E-Wallet market, porters 5 force model
FIG 7. Global E-Wallet market, PESTEL analysis
FIG 8. Global E-Wallet market, value chain analysis
FIG 9. Global E-Wallet market by segment, 2022 & 2032 (USD Billion)
FIG 10. Global E-Wallet market by segment, 2022 & 2032 (USD Billion)
FIG 11. Global E-Wallet market by segment, 2022 & 2032 (USD Billion)
FIG 12. Global E-Wallet market by segment, 2022 & 2032 (USD Billion)
FIG 13. Global E-Wallet market by segment, 2022 & 2032 (USD Billion)
FIG 14. Global E-Wallet market, regional snapshot 2022 & 2032
FIG 15. North America E-Wallet market 2022 & 2032 (USD Billion)
FIG 16. Europe E-Wallet market 2022 & 2032 (USD Billion)
FIG 17. Asia Pacific E-Wallet market 2022 & 2032 (USD Billion)
FIG 18. Latin America E-Wallet market 2022 & 2032 (USD Billion)
FIG 19. Middle East & Africa E-Wallet market 2022 & 2032 (USD Billion)
FIG 20. Global E-Wallet market, company market share analysis (2023)
…..
This list is not complete, final report does contain more than 50 figures. The list may be updated in the final deliverable.


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