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Mobile Wallet Market 2021: Growth, Revenue, Gross Margin, Progression Status, Recent Development by Top Company, Geographical Region, and Industry Segments till 2030

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Jun 08, 2021 (AmericaNewsHour) -- In a recent published report, Kenneth Research has updated the market report for Mobile Wallet Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Mobile Wallet Market products.

Download Sample of This Strategic Report: https://www.kennethresearch.com/sample-request-10325483

According to a report by the World Health Organization (WHO), the total health spending is growing with an annual average rate of 6% in the low- and middle-income nations, and close to 4% in the high-income countries. Further, in the year 2016, the expenditure made on health reached close to 10% of the GDP of the world and crossed a value of USD 7 trillion.

"Final Report will add the analysis of the impact of COVID-19 on this industry."

Global  Mobile Wallet Market  is estimated to reach $5,795 Billion by 2024; growing at a CAGR of 37.5% from 2016 to 2024. Mobile wallet is a virtual form of debit card, credit card or prepaid card that are used for sending or receiving payments or other online transactions through mobile devices. It provides a substitute to plastic cards and eases the process of purchases. Mobile wallet eases the transactions and are used is various sectors including telecom, utilities, retail, transportation and others. Moreover, the demand for mobile wallet is driven by rising demand for near field communication (NFC) technology among consumers and retailers.

High demand for smartphones and internet, increasing digital marketing and growing popularity of e-commerce services are some of the factors supporting the growth of the global mobile wallet market. Though, lack of government restrictions and security and privacy related issues could hinder the growth of the market. Furthermore, untapped markets and advanced technologies could provide future scope for the market.

The global mobile wallet market categories into application, mode of payment, user age group, and geography. User age group is categorized into 18-29, 30-44, 45-59 and above 60. By mode of payment, the segment is categorized into NFU, SMS, WAP and others. Furthermore, application is bifurcated into money transfers, merchant purchases, bill payments and others.

Based on geography, global mobile wallet market is segmented into North America, Europe, Asia- Pacific, Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe segment consist of UK, Germany, France, Italy, and others. Asia-Pacific is segmented into India, China, Japan, South Korea, and others while RoW is bifurcated into South America, Middle East, and Africa.

Download Sample of This Strategic Report: https://www.kennethresearch.com/sample-request-10325483

The major key players operating in the global mobile wallet market are Apple Inc., Samsung Electronics Co., Ltd., Amazon.com Inc., Alipay, American Express, Paytm, Microsoft Corp. Inc, MasterCard Inc, Visa Inc., BlackBerry Ltd., and Google Inc, among others.

The key takeaways from the report:
The report will provide detailed analysis of Global Mobile Wallet Market with respect to major segments such as user age group, application, and mode of payment. The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024. Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report. An exhaustive regional analysis of Global Mobile Wallet Market has been included in the report.

Profile of the key players in the Global Mobile Wallet Market will be provided, which include key financials, product & services, new developments and business strategies.

Scope of the Global Mobile Wallet Market:User Age Group Segments
18-29
30-44
45-59
Above 60
Mode of Payment Segments
NFU
SMS
WAP
Other Mode of Payments
Application Segments
Money Transfers
Merchant Purchases
Bill Payments
Other Applications

Request For Full Report: https://www.kennethresearch.com/sample-request-10325483
Geographical SegmentsNorth America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Others
Asia-Pacific
India
China
Japan
South Korea
Others
RoW
South America
Middle East
Africa

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

Contact Us

Kenneth Research

Email :  Sales@kennethresearch.com

Phone: +1 313 462 0609

The post Mobile Wallet Market 2021: Growth, Revenue, Gross Margin, Progression Status, Recent Development by Top Company, Geographical Region, and Industry Segments till 2030 appeared first on America News Hour .

COMTEX_387968875/2606/2021-06-08T01:30:24

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