Global Mobile Wallet and Payment Technologies Market to Reach $12.6 Trillion by 2027: Rising Internet Penetration & Rising Government Initiatives to Develop Smart Cities Fuels Demand - ResearchAndMarkets.com

DUBLIN--()--The "Mobile Wallet and Payment Technologies: Global Markets" report has been added to ResearchAndMarkets.com's offering.

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.

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.
  • Fiserv, Inc.
  • Mastercard
  • One Mobikwik Systems Pvt. Ltd.
  • One97 Communications Ltd.
  • Paypal Holdings Inc.
  • Payu
  • Samsung
  • T-Mobile U.S. Inc.
  • Tencent Holdings Ltd.
  • Verizon
  • Visa Inc.

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

The market for mobile wallet and payment technologies is shifting toward digitization and expanding options for customers for online transactions and cashless payments.

Rapid surge in the adoption of intelligent devices such as smartphones, growing internet penetration and rising government initiatives to develop smart cities in many countries fuels demand for mobile wallet and payment technologies, globally. Increasing acceptance of mobile wallet payments and offers provided by key market players, along with government initiatives and regulations, will enhance the growth of mobile wallet payments across end-use industries.

Mobile payments are transactions through an individual's bank account, debit card or credit card. Mobile wallet payments are processed through a mobile wallet account. The key objective 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 at anytime and anywhere.

The rapid extension of the e-commerce industry is a major factor driving market growth. In recent years, more than half of the world's internet traffic came from mobile devices (smartphones, tablets and PCs). The main reason for rising demand and growth of the e-commerce industry is convenience. Slower adoption of contact-free payments, fraud and risk of breach are expected to hinder the growth of this market.

In this report, the global market for mobile wallet and payment technologies was segmented by wallet type, mode of payment, application, stakeholder and region.

Key Topics Covered:

Chapter 1 Introduction

Chapter 2 Executive Summary and Highlights

Chapter 3 Industry Outlook

3.1 Market Overview

3.1.1 Advantages of Mobile Wallets

3.1.2 Advantages for Stakeholders

3.2 Components of Mobile Payments

3.2.1 Premium Sms-Based Transactional Payments

3.2.2 Direct Mobile Billing

3.2.3 Mobile Web Payments

3.2.4 Contact-Free Near-Field Communication

3.2.5 Direct Carrier Bank Cooperation

3.3 Infrastructure Status for Near-Field Communication Pos

3.3.1 Nfc/Contact-Free Reader Terminals

3.3.2 Terminals for Payment

3.3.3 Systems for Pos

3.3.4 Nfc and Europay, Mastercard and Visa

3.4 Mobile Wallet Procurement Systems and Life Cycle Management

3.4.1 Secured Financial Data

3.4.2 Secured Account Information and Payment App

3.5 Mobile Wallet Payment Framework

3.6 Legal and Supervisory Framework

3.7 Value Chain Analysis

3.8 PESTEL Analysis

3.9 Assessment of the Impact of Covid-19 on the Market

Chapter 4 Supporting Equipment and Technology Overview

4.1 Overview

4.2 Supporting Equipment and Technology Overview

4.2.1 Rfid

4.2.2 Payment by Mobile Phones

4.2.3 Smartphones

4.2.4 4G Technology

4.2.5 5G Technology

4.2.6 Issues With Wireless Technology

4.3 Technology by Consumer and Merchant

4.3.1 Consumer Technology

4.3.2 Merchant Technology

4.4 Technologies for Mobile-Client Devices and Issues

4.5 Infrastructure for Communication and Issues

4.5.1 Wireless Local Area Network (Wlan) Technologies

Chapter 5 Market Dynamics

5.1 Market Dynamics

5.1.1 Market Drivers

5.1.2 Market Challenges

5.1.3 Market Opportunities

Chapter 6 Market Breakdown by Type of Wallet

Chapter 7 Market Breakdown by Application

Chapter 8 Market Breakdown by Mode of Payment

Chapter 9 Market Breakdown by Stakeholder

Chapter 10 Market Breakdown by Region

Chapter 11 Patent Analysis

11.1 Recently Granted Patents

Chapter 12 Competitive Landscape

12.1 Vendor Landscape

12.2 Market Ranking Analysis

12.3 Competitive Scenario

Chapter 13 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/tdgksf-wallet-and?w=4

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900