Global Digital Wallet Market Expanding at a CAGR of 20.58% during 2024-2030

MarkNtel Advisors, a leading market research firm, has showed its latest study titled “Global Digital Wallet Market“, offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.

The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.

Analysis and Insights into the Global Digital Wallet Market: 2024-2030

The Global Digital Wallet Market size was valued at USD 2,140.18 billion in 2023 and is projected to reach USD 7,857.70 billion by 2030.

Download the PDF Sample Copy (Including FULL TOC, Graphs, and Tables) of this Report – https://www.marknteladvisors.com/query/request-sample/digital-wallet-market.html

Global Digital Wallet Market Driver:

Favorable Policies & Digitalization Initiatives for Encouraging Cashless Transactions – Globally, both public & private sectors are concentrating more on implementing cutting-edge technology, like big data analytics, AI, and the IoT, in the finance industry to support digital transformation. Furthermore, in order to push cashless transactions & improve accountability & transparency, the government has launched projects and programs that creates an audit trail that lowers the possibility of money laundering & tax evasion. For instance, in the year 2023, the government of the UAE introduced a fintech action plan, including projects like an instant payments platform and a Central Bank Digital Currency (CBDC) to promote digital transformation in financial services.

Furthermore, administrations of several countries like India, Saudi Arabia, etc., are introducing digital currencies to drive economic growth, thereby, accelerating the adoption of digital wallets and supporting market growth. Additionally, authorities are allocating funds in the fintech sector to encourage the development of advanced digital wallet solutions. These investments and government initiatives would continue to improve consumer demand for digital wallets, making them the preferred choice for financial transactions in the future.

Global Digital Wallet Market Segmentation:

The Global Digital Wallet Market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.

By Type

-Proximity – Market Size & Forecast 2019-2030, USD Million

-Remote – Market Size & Forecast 2019-2030, USD Million

By Technology

-Near Field Communication – Market Size & Forecast 2019-2030, USD Million

-QR Code – Market Size & Forecast 2019-2030, USD Million

-Text-based/Short Message Service – Market Size & Forecast 2019-2030, USD Million

-Digital Only- Market Size & Forecast 2019-2030, USD Million

By Wallet Type

-Open- Market Size & Forecast 2019-2030, USD Million

-Closed- Market Size & Forecast 2019-2030, USD Million

-Semi-closed – Market Size & Forecast 2019-2030, USD Million

By Industry Vertical

-Banking, Financial Services, and Insurance (BFSI)- Market Size & Forecast 2019-2030, USD Million

-Hospitality- Market Size & Forecast 2019-2030, USD Million

-Media & Entertainment- Market Size & Forecast 2019-2030, USD Million

-Retail & E-commerce- Market Size & Forecast 2019-2030, USD Million

-Energy & Utilities- Market Size & Forecast 2019-2030, USD Million

-Telecommunication- Market Size & Forecast 2019-2030, USD Million

-Others (Healthcare, Gaming, etc.)- Market Size & Forecast 2019-2030, USD Million

By End User

-Personal- Market Size & Forecast 2019-2030, USD Million

-Business/Corporate- Market Size & Forecast 2019-2030, USD Million

By Ownership

-Banks- Market Size & Forecast 2019-2030, USD Million

-Telecom Operators- Market Size & Forecast 2019-2030, USD Million

-Device Manufacturers- Market Size & Forecast 2019-2030, USD Million

-Tech Companies- Market Size & Forecast 2019-2030, USD Million.

Geographical Analysis into the Global Digital Wallet Market:

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Read Detailed Index of full Research Study at – https://www.marknteladvisors.com/research-library/digital-wallet-market.html

Competitive Landscape and Global Digital Wallet Market Share Analysis:

The competitive landscape of the Global Digital Wallet Market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.

The report features major players including:

Google, Apple Inc., Amazon Web Services, Inc., PayPal Holdings, Inc., One MobiKwik Systems Limited, Paytm, Alipay, PhonePe, Gopay, Freecharge Payment Technologies Pvt. Ltd., Skrill, Samsung, Dwolla, Inc., Barclays Bank Delaware, Mastercard, and Others.

Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.

Questions Addressed in this Study

• What factors are driving the Global Digital Wallet Market growth?
• How is the Global Digital Wallet Market expected to grow over the next five years?
• What are the key insights into the current trends in the Global Digital Wallet Market?
• What is the current size of the Global Digital Wallet Market, and how is it projected to change in the future?
• What is the future outlook for the Global Digital Wallet Market in terms of technological advancements and market expansion?

Why choose MarkNtel?

MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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