Report Highlights
The global mobile wallet and payment technologies market should reach $12.6 trillion by 2027 from $4.5 trillion in 2022 at a compound annual growth rate (CAGR) of 23.1% for the forecast period of 2022 to 2027.
Report Includes
- 48 data tables and 41 additional tables
- An overview of the global markets for mobile wallet and payment technologies
- Analyses of global market trends, with data from 2021 to 2022, estimates for 2023, and projections of compound annual growth rates (CAGRs) through 2027
- Highlights of the market opportunities, and major issues and trends affecting the plastic industry and discussion on safety issues and frauds related to mobile banking
- Information on key segments of mobile wallet and payment technologies including application, mode of payment 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 recent industry structure, regulations and policies, pipeline products and the vendor landscape of the market leading participants
- Company profiles of the leading global players, including Alphabet Inc., Citigroup Inc., Fiserv Inc., PayPal Holdings Inc., Tencent Holdings Ltd., and Visa Inc.
Report Scope
This report provides an overview of the global market for mobile wallet and payment technologies and analyzes market trends. Using 2021 as the base year, the report provides estimated market data for the forecast period 2022 through 2027. Revenue forecasts for this period are segmented based on wallet type, application, mode of payment, stakeholders, and region.
The report also focuses on the major trends and challenges that affect the market and the competitive landscape. It explains the current market trends and provides detailed profiles of the major players and the strategies they adopt to enhance their market presence. The report estimates the size of the global mobile wallet and payment technologies market in 2021 and provides projections of the expected market size through 2027.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2021 | ||||||||||||||||||||
| Forecast period considered | 2022 to 2027 | ||||||||||||||||||||
| Base year market size | $3.8 trillion | ||||||||||||||||||||
| Market size forecast | $12.6 trillion | ||||||||||||||||||||
| Growth rate | CAGR of 23.1% for the forecast period of 2022-2027 | ||||||||||||||||||||
| Units considered | $ Billions | ||||||||||||||||||||
| Segments covered | wallet type, application, mode of payment, stakeholders, and region | ||||||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa | ||||||||||||||||||||
| Countries covered | U.S., Canada, Mexico, U.K., Germany, France, Rest of Europe, China, Japan, India, Rest of Asia-Pacific, Brazil, and Rest of Latin America | ||||||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Report Highlights
The global market for mobile wallet and payment technologies should grow from $35.7 billion in 2018 to $138.5 billion by 2023 at a compound annual growth rate (CAGR) of 31.1% for the period of 2018-2023.
Report Includes
- 83 data tables
- An overview of the global markets for mobile wallet and payment technologies
- Analyses of global market trends, with data from 2017, 2018, and projections of compound annual growth rates (CAGRs) through 2023
- Information on key segments of mobile wallet and payment technologies including application, mode of payment, and region
- Description of components of mobile payment and infrastructure status for NFC (near-field communication)
- Snapshot of mobile wallet procurement systems and life cycle management
- Insights of legislation and regulations related to industry
- Profiles of major companies of the industry including, American Express, Citigroup Inc., Fidelity National Information Services Inc., Mastercard and Visa Inc.
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