Mobile Wallet Market to Hit $51.53 Billion by 2030

Grand View Research, Inc. - Seite 2

Mobile Wallet Market Growth & Trends

Furthermore, due to ongoing concerns about sanitation and a desire to reduce contact between guests and staff members, mobile wallets are anticipated to create a notable impact on the hospitality or restaurant industry. Furthermore, COVID-19 has increased the penetration of online payments. The pandemic has increased the requirement for germ-free and contactless payments, and mobile wallets prevent direct contact with any external system such as the POS of the retailer.

Asia Pacific held the largest revenue share of over 30.0% in 2021 and is expected to retain its position over the forecast period. In rapidly developing regions such as Asia Pacific, digital online spending has changed and evolved on its own, with e-commerce expanding and online sales becoming as common as physical retail in many areas of the region. In April 2022, Boku, a global provider of mobile payment solutions, announced that its Mobile First (M1ST) platform has unveiled PayPay mobile wallet payments for Netflix in Japan. With this release, PayPay's over 45 million consumers can now pay for streaming subscriptions within Netflix.

Mobile Wallet Market Segmentation

Grand View Research has segmented the global mobile wallet market based on technology, application, and region

Mobile Wallet Market - Technology Outlook (Revenue, USD Million, 2017 - 2030)

• Remote
• Proximity

Mobile Wallet Market - Application Outlook (Revenue, USD Million, 2017 - 2030)

• Retail & E-commerce
• Hospitality & Transportation
• Banking
• Vending Machine
• Others

Mobile Wallet Market - Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
• o U.S.
• o Canada
• Europe
• o U.K.
• o Germany
• o Rest of Europe
•  Asia Pacific
• o China
• o India
• o Japan
• o Rest of Asia Pacific
• Latin America
• o Brazil
• o Mexico
• o Rest of Latin America
• Middle East & Africa

List of Key Players in Mobile Wallet Market