MarkNtel Advisors, a leading market research and consulting firm, has announced the release of its latest study titled Digital Wallet Market Research Report: Forecast (2024–2030). This report provides a detailed assessment of the Digital Wallet Market, covering its evolving dynamics, emerging trends, key growth drivers, major challenges, and competitive landscape.

Designed to guide investors, stakeholders, and business leaders, the research aims to deliver valuable insights for strategic planning, risk assessment, and investment decision-making in the years ahead.

Market Timeline Overview

• Historical Years: 2019-22
• Base Years: 2023
• Forecast year - 2024-2030

This helps businesses identify emerging opportunities, assess market risks, and develop data-driven strategies for long-term success.

Download a FREE PDF Sample of the Report:  https://www.marknteladvisors.com/query/request-sample/digital-wallet-market.html (Discover the market potential, platform-specific insights, and key industry trends.)

Digital Wallet Market Outlook

According to the report 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. Along with this, the market is estimated to grow at a CAGR of around 20.58% during the forecast period, i.e., 2024-30.

The report also examines consumer preferences, regulatory impacts, and investment trends that will shape the market’s trajectory over the next decade.

In case you missed it, we're currently updating our reports. Click below to access a free PDF sample of the latest research, featuring forecasts from 2026 to 2032. The report includes market size, industry trends, and competitive analysis. Our team will promptly deliver the most recent version to you.

Digital Wallet Market Drivers:

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.

View Full Report (All Data, In One Place): https://www.marknteladvisors.com/research-library/digital-wallet-market.html (Explore in-depth analyses, technological trends, and investment patterns.)

Digital Wallet Market Trends:

Growing Implementation of Blockchain Technology to Enhance the Functionality, Security & User Experience – In recent years, blockchain technology has fundamentally transformed the Global Digital Payment market landscape, significantly improving security and operational efficiency. Digital wallet providers have increasingly integrated blockchain into their platforms, leveraging its capabilities to enhance security measures, ensure transparent transaction processes, and decentralize control over financial transactions. This strategic integration addresses growing consumer concerns regarding privacy and data protection and has been appealing particularly to users seeking robust security features in their digital transactions.

Digital Wallet Market Segmentation

The study categorizes the Digital Wallet Market into various segments and sub-segments, each analyzed for its size, growth potential, and contribution to the overall industry.

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

The report presents detailed insights into the market’s geographical expansion, highlighting key trends and opportunities across the following geographies:

By Region

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

Talk to Our Industry Analyst: https://www.marknteladvisors.com/query/talk-to-our-consultant/digital-wallet-market.html Get personalized insights into company strategies and regional market dynamics.)

Leading Companies in Digital Wallet Market Worldwide: Players, Analysis & Future Outlook

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

Key Highlights of the Report

• Comprehensive Market Overview: In-depth analysis of market size, share, and forecasts from 2024 to 2030.
• Growth Drivers & Challenges: Clear insights into factors feeling or restraining market expansion.
• Investment & Regulatory Insights: Evaluation of key policies, funding trends, and collaborations influencing industry performance.
• Competitive Landscape: Detailed profiles of leading companies, including product portfolios, business strategies, financials, and recent developments such as mergers & acquisitions.

Analytical Tools: Application of SWOT Analysis, PESTEL Analysis, and Porter’s Five Forces Model to assess competition and external influences

Browse through our flexible pricing plans and choose the package that best fits your business needs whether you require a single-user license, corporate access, or customized insights. Once you select the plan that suits your requirements, you can purchase and instantly access the full report online – https://www.marknteladvisors.com/pricing/digital-wallet-market.html

Frequently Asked Questions (FAQ)

1. What is the projected growth rate of the Digital Wallet Market?
   2. What are the major factors driving this market’s growth?
   3. Which regions are expected to lead the Digital Wallet Market?
   4. Who are the prominent players in the Digital Wallet Market?
   5. How is the competition structured in this market?
   6. How can I access the full report?

About Us

MarkNtel Advisors is a global research and consulting leader providing actionable intelligence across the ICT & electronics industry, spanning electronic equipment & services, software, and digital infrastructure. We analyze the impact of technologies like AI, IoT, and cloud computing on global business ecosystems. Through Consulting Services, we help technology providers and investors interpret emerging market data, refine digital strategies, and adapt to continuous innovation cycles in the connected economy.

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