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Mobile Wallet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

May 2022 | 142 pages | ID: MF10A9D9D515EN
IMARC Group

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The global mobile wallet market reached a value of US$ 120 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 336.2 Billion by 2027, exhibiting a CAGR of 18.6% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

A mobile wallet refers to a virtual wallet that stores credit card, debit card, loyalty card, coupons and reward card information on a mobile device. It is a convenient way for users to make in-store payments and pay merchants listed with the mobile wallet service providers. Google Pay, Apple Pay, and Amazon Pay are commonly used mobile wallets across the world. Mobile wallets are accessible through applications that are built-in or installed on smartphones and tablets. They store the payment information of the user by linking a personal identification format, including a key, QR code, or an image of the user. In recent years, mobile wallets have gained traction as they are a convenient mode of payment that can be used at any location and time.
Mobile Wallet Market Trends:
The global mobile wallet market is primarily driven by the rising smartphone adoption and the increasing penetration of the internet. Besides this, the expanding e-commerce platforms are providing transaction facilities through mobile wallets, thereby propelling the market growth. They are also offering a new dimension to retail sales to improve their business presence by connecting merchants and financial institutions to communicate promotional schemes and other relevant interests. Besides this, key players are collaborating with banks, vendors, and payment service providers to develop the payment infrastructure for enhancing the user experience. For instance, market players are offering features like mobile vouchers, digital loyalty schemes, digital charity boxes, and dynamic currency conversion to promote cashless payments via mobile wallets.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global mobile wallet market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on 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
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles 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. and Visa Inc.
Key Questions Answered in This Report
1. What was the size of the global mobile wallet market in 2021?
2. What is the expected growth rate of the global mobile wallet market during 2022-2027?
3. What are the key factors driving the global mobile wallet market?
4. What has been the impact of COVID-19 on the global mobile wallet market?
5. What is the breakup of the global mobile wallet market based on the type?
6. What is the breakup of the global mobile wallet market based on the application?
7. What are the key regions in the global mobile wallet market?
8. Who are the key players/companies in the global mobile wallet market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL MOBILE WALLET MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY TYPE

6.1 Proximity
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Remote
  6.2.1 Market Trends
  6.2.2 Market Forecast

7 MARKET BREAKUP BY APPLICATION

7.1 Retail
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Hospitality and Transportation
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Telecommunication
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4 Healthcare
  7.4.1 Market Trends
  7.4.2 Market Forecast
7.5 Others
  7.5.1 Market Trends
  7.5.2 Market Forecast

8 MARKET BREAKUP BY REGION

8.1 North America
  8.1.1 United States
    8.1.1.1 Market Trends
    8.1.1.2 Market Forecast
  8.1.2 Canada
    8.1.2.1 Market Trends
    8.1.2.2 Market Forecast
8.2 Asia-Pacific
  8.2.1 China
    8.2.1.1 Market Trends
    8.2.1.2 Market Forecast
  8.2.2 Japan
    8.2.2.1 Market Trends
    8.2.2.2 Market Forecast
  8.2.3 India
    8.2.3.1 Market Trends
    8.2.3.2 Market Forecast
  8.2.4 South Korea
    8.2.4.1 Market Trends
    8.2.4.2 Market Forecast
  8.2.5 Australia
    8.2.5.1 Market Trends
    8.2.5.2 Market Forecast
  8.2.6 Indonesia
    8.2.6.1 Market Trends
    8.2.6.2 Market Forecast
  8.2.7 Others
    8.2.7.1 Market Trends
    8.2.7.2 Market Forecast
8.3 Europe
  8.3.1 Germany
    8.3.1.1 Market Trends
    8.3.1.2 Market Forecast
  8.3.2 France
    8.3.2.1 Market Trends
    8.3.2.2 Market Forecast
  8.3.3 United Kingdom
    8.3.3.1 Market Trends
    8.3.3.2 Market Forecast
  8.3.4 Italy
    8.3.4.1 Market Trends
    8.3.4.2 Market Forecast
  8.3.5 Spain
    8.3.5.1 Market Trends
    8.3.5.2 Market Forecast
  8.3.6 Russia
    8.3.6.1 Market Trends
    8.3.6.2 Market Forecast
  8.3.7 Others
    8.3.7.1 Market Trends
    8.3.7.2 Market Forecast
8.4 Latin America
  8.4.1 Brazil
    8.4.1.1 Market Trends
    8.4.1.2 Market Forecast
  8.4.2 Mexico
    8.4.2.1 Market Trends
    8.4.2.2 Market Forecast
  8.4.3 Others
    8.4.3.1 Market Trends
    8.4.3.2 Market Forecast
8.5 Middle East and Africa
  8.5.1 Market Trends
  8.5.2 Market Breakup by Country
  8.5.3 Market Forecast

9 SWOT ANALYSIS

9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats

10 VALUE CHAIN ANALYSIS

11 PORTERS FIVE FORCES ANALYSIS

11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes

12 PRICE ANALYSIS

13 COMPETITIVE LANDSCAPE

13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
  13.3.1 Alipay.com (Alibaba Group Holding Limited)
    13.3.1.1 Company Overview
    13.3.1.2 Product Portfolio
  13.3.2 Amazon Web Services Inc. (Amazon.com Inc)
    13.3.2.1 Company Overview
    13.3.2.2 Product Portfolio
    13.3.2.3 SWOT Analysis
  13.3.3 American Express Company
    13.3.3.1 Company Overview
    13.3.3.2 Product Portfolio
    13.3.3.3 Financials
    13.3.3.4 SWOT Analysis
  13.3.4 Apple Inc.
    13.3.4.1 Company Overview
    13.3.4.2 Product Portfolio
    13.3.4.3 Financials
    13.3.4.4 SWOT Analysis
  13.3.5 Google LLC (Alphabet Inc.)
    13.3.5.1 Company Overview
    13.3.5.2 Product Portfolio
    13.3.5.3 SWOT Analysis
  13.3.6 Mastercard Incorporated
    13.3.6.1 Company Overview
    13.3.6.2 Product Portfolio
    13.3.6.3 Financials
    13.3.6.4 SWOT Analysis
  13.3.7 Paypal Holdings Inc.
    13.3.7.1 Company Overview
    13.3.7.2 Product Portfolio
    13.3.7.3 Financials
    13.3.7.4 SWOT Analysis
  13.3.8 Samsung Electronics Co. Ltd.
    13.3.8.1 Company Overview
    13.3.8.2 Product Portfolio
    13.3.8.3 Financials
    13.3.8.4 SWOT Analysis
  13.3.9 Squareup Pte. Ltd.
    13.3.9.1 Company Overview
    13.3.9.2 Product Portfolio
    13.3.9.3 Financials
  13.3.10 Visa Inc.
    13.3.10.1 Company Overview
    13.3.10.2 Product Portfolio
    13.3.10.3 Financials
    13.3.10.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Mobile Wallet Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Mobile Wallet Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Mobile Wallet Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Mobile Wallet Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: Mobile Wallet Market: Competitive Structure
Table 6: Global: Mobile Wallet Market: Key Players

LIST OF FIGURES

Figure 1: Global: Mobile Wallet Market: Major Drivers and Challenges
Figure 2: Global: Mobile Wallet Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Mobile Wallet Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Mobile Wallet Market: Breakup by Type (in %), 2021
Figure 5: Global: Mobile Wallet Market: Breakup by Application (in %), 2021
Figure 6: Global: Mobile Wallet Market: Breakup by Region (in %), 2021
Figure 7: Global: Mobile Wallet (Proximity) Market: Sales Value (in Million US$), 2016 & 2021
Figure 8: Global: Mobile Wallet (Proximity) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: Mobile Wallet (Remote) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Mobile Wallet (Remote) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Mobile Wallet (Retail) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Mobile Wallet (Retail) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Mobile Wallet (Hospitality and Transportation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Mobile Wallet (Hospitality and Transportation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Mobile Wallet (Telecommunication) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Mobile Wallet (Telecommunication) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Mobile Wallet (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Mobile Wallet (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Mobile Wallet (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Mobile Wallet (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: North America: Mobile Wallet Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: North America: Mobile Wallet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: United States: Mobile Wallet Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: United States: Mobile Wallet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Canada: Mobile Wallet Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Canada: Mobile Wallet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Asia-Pacific: Mobile Wallet Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Asia-Pacific: Mobile Wallet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: China: Mobile Wallet Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: China: Mobile Wallet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Japan: Mobile Wallet Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Japan: Mobile Wallet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: India: Mobile Wallet Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: India: Mobile Wallet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: South Korea: Mobile Wallet Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: South Korea: Mobile Wallet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Australia: Mobile Wallet Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Australia: Mobile Wallet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Indonesia: Mobile Wallet Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Indonesia: Mobile Wallet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Others: Mobile Wallet Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Others: Mobile Wallet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Europe: Mobile Wallet Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Europe: Mobile Wallet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Germany: Mobile Wallet Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Germany: Mobile Wallet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: France: Mobile Wallet Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: France: Mobile Wallet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: United Kingdom: Mobile Wallet Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: United Kingdom: Mobile Wallet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Italy: Mobile Wallet Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Italy: Mobile Wallet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Spain: Mobile Wallet Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Spain: Mobile Wallet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Russia: Mobile Wallet Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Russia: Mobile Wallet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Others: Mobile Wallet Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Others: Mobile Wallet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Latin America: Mobile Wallet Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Latin America: Mobile Wallet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Brazil: Mobile Wallet Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Brazil: Mobile Wallet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Mexico: Mobile Wallet Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Mexico: Mobile Wallet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Others: Mobile Wallet Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Others: Mobile Wallet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Middle East and Africa: Mobile Wallet Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Middle East and Africa: Mobile Wallet Market: Breakup by Country (in %), 2021
Figure 69: Middle East and Africa: Mobile Wallet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Global: Mobile Wallet Industry: SWOT Analysis
Figure 71: Global: Mobile Wallet Industry: Value Chain Analysis
Figure 72: Global: Mobile Wallet Industry: Porter's Five Forces Analysis


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