Insights on the Mobile Wallets Global Market to 2027 - Featuring Airtel Payments Bank, Apple and AT&T Among Others - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 19, 2021--
The “Mobile Wallets - Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Amid the COVID-19 crisis, the global market for Mobile Wallets estimated at US$1.3 Billion in the year 2020, is projected to reach a revised size of US$5.6 Billion by 2027, growing at a CAGR of 23.2% over the period 2020-2027.
Remote, one of the segments analyzed in the report, is projected to record 25.1% CAGR and reach US$3.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Proximity segment is readjusted to a revised 20.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $351.3 Million, While China is Forecast to Grow at 29.3% CAGR
The Mobile Wallets market in the U.S. is estimated at US$351.3 Million in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2027 trailing a CAGR of 29.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.1% and 21.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 20% CAGR.
Select Competitors (Total 38 Featured):
- Airtel Payments Bank Ltd.
- Amazon Web Services Inc.
- American Express Banking Corp.
- ANI Technologies Pvt. Ltd. (Ola Money)
- Apple Inc.
- AT&T Inc.
- FreeCharge Payment Technologies Pvt. Ltd.
- Google Inc.
- HDFC Bank Ltd. (PayZapp)
- Mastercard Incorporated
- One MobiKwik Systems Pvt. Ltd.
- Oxigen Services (India) Pvt. Ltd.
- PayPal Holdings, Inc.
- Paytm Mobile Solutions Pvt. Ltd.
- PhonePe Pvt. Ltd.
- Reliance Payment Solutions (JioMoney)
- Samsung Electronics Co., Ltd
- VISA, Inc.
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
- UNITED STATES
- UNITED KINGDOM
- REST OF EUROPE
- SOUTH KOREA
- REST OF ASIA-PACIFIC
- LATIN AMERICA
- REST OF LATIN AMERICA
- MIDDLE EAST
- SAUDI ARABIA
- UNITED ARAB EMIRATES
- REST OF MIDDLE EAST
For more information about this report visit https://www.researchandmarkets.com/r/b6tvq2
View source version on businesswire.com:https://www.businesswire.com/news/home/20210819005552/en/
Laura Wood, Senior Press Manager
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
INDUSTRY KEYWORD: PROFESSIONAL SERVICES ONLINE RETAIL RETAIL TECHNOLOGY MOBILE/WIRELESS SOFTWARE BANKING
SOURCE: Research and Markets
Copyright Business Wire 2021.
PUB: 08/19/2021 10:49 AM/DISC: 08/19/2021 10:49 AM