Mobile wallet is an on-going popular trend and has revolutionized the concept of universal commerce. Consumers are always pleased for getting an integrated buying experience that is fast, secure, consistent service that is available at any location, anytime, and via any device.

1. GLOBAL OPPORTUNITY AND FORECAST 2020- 2027
MOBILE WALLET
MARKET
A mobile wallet allows
consumers to make
transactions even during
travel, from any location,
anytime. It not only provides
transaction facilities at
affordable prices but also
facilitates consumers to
manage their accounts easily.

2. MOBILE WALLET MARKET ANALYST
REVIEW
Rise in smartphone penetration coupled with emergence of digitalization and
demonetization are major factors expected to drive the growth of the mobile wallet
market. Mobile commerce drives the adoption of mobile wallet and is expected to
support the growth of the market in the coming years. Whereas, mobile ticketing and
mobile money transfer are applications that have revolutionized the mobile wallet
market in Asia-Pacific, which in turn is anticipated to be the fastest growing region
for the market, during the forecast period followed by LAMEA
Rachita Rake
Research Analyst, ICT at Allied Market Research

3. CURRENT AND FUTURE MARKET SCENARIO
• The global mobile wallet market was valued at $1,043.1 billion in 2019.
• The global mobile wallet market is expected to reach $7,580.1 billion by 2027.
• The global mobile wallet market growing at a CAGR of 28.2% from 2020 to 2027.
• The remote segment dominated the mobile wallet market trends
• The near field communication segment is expected to exhibit significant growth
during the forecast period.

4. TOP IMPACTING FACTORS TO MARKET GROWTH
• Soar in number of mobile subscribers across the globe.
• Increase in government initiatives to encourage cashless economy.
• Rise in the adoption of mobile wallet as a digital payment-based business models among digital
applications.
The personal segment dominated the market. However, the business segment is expected to
exhibit significant growth during the forecast period in the industry.

5. MOBILE WALLET MARKET SEGMENTATION
BY TYPE
• Proximity
• Remote
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BY TECHNOLOGY
• Near Field
Communication
• QR Code
• Text based/Short
message service
• Digital Only
• By End User
• Personal
• Business
BY INDUSTRY
VERTICAL
• Hospitality &
Transportation
• Media &
Entertainment
• Retail
• Healthcare
• Energy & utilities
• Telecommunicatio
n Others.

6. DOMINATING
SEGMENTS
PROXIMITY SEGMENT BY TECHNOLOGY BY APPLICATIONS
The proximity
segment is expected
to exhibit significant
growth during the
forecast period.
The media &
entertainment segment is
expected to exhibit
significant growth during
the forecast period.
The near field
communication segment
is expected to exhibit
significant growth during
the forecast period.

7. GEOGRAPHICAL OVERVIEW
• Based on region, it is analyzed across
North America, Europe, Asia-Pacific, and
LAMEA.
• Asia-Pacific dominated the market in 2019.
• North America is expected to witness
significant growth in terms of revenue in
the coming years.

8. DOMINATING MARKET PLAYERS PROFILED IN
THE STUDY
• Amazon Web Services Inc.
• American Express Banking Corp.
• Apple Inc.
• Alipay.com
• AT&T Inc.
• Google Inc.
• Mastercard Incorporated
• PayPal Holdings, Inc.
• Samsung Electronics Co., Ltd
• VISA Inc.
• Siemens AG.

9. A Report Titled “Mobile Wallet Market- Opportunities And Forecast, 2020– 2027” has been
recently published by Allied Market Research. It makes an In-depth Analysis of current trends,
drivers, and restraining factors that affect Financial Ratios relevant to the industry. Company
profiles for key vendors in business builds a comprehensive picture of profitable opportunities
from Stakeholder’s Perspective.
To Know More About Mobile Wallet Market- Opportunities and Forecast 2020-
2027
https://www.alliedmarketresearch.com/mobile-wallet-market
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