Global Digital Wallet Market- Industry Analysis And Forecast 2027:

By Author: rahul chobe
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Global Digital Wallet Market size was valued US$ XX Mn in 2019 and the total revenue is expected to grow at xx% through 2020 to 2027, reaching US$ XX Mn.

Global Digital Wallet Market

Global Digital Wallet Market Overview:

Mobile wallet provides a whole new dimension to retail sales in order to boost their market presence. Although mobile devices provide consumers with a convenient way to make purchases, they serve as a new medium for traders and financial institutions to communicate with their customers. Information can be easily sent and received via mobile devices; special applications can also be run and location-aware. Mobile communications make it easier for traders and financial companies to transmit information such as promotional deals to their clients in such a way that the information is targeted, useful and more important to their interests. Businesses may also come up with new branded software that can be freely downloaded. As specific shopping habits and needs of an individual are controlled, this feature can make consumer communications highly personalized. Such linked and real-time ...
... marketing provides advertisers a new opportunity and a strategic challenge. For instance, AliPay offers fast, easy, and secure payment experience to its customers.

In providing organizations with a strategic advantage over competitors, business intelligence currently plays an important role. It can effectively provide information on end-user needs and demands, along with, among others, information on upcoming industry developments and technology. The lack of a threat to privacy and security over mobile payments could affect the demand for the segment. Over the forecast era, the absence of government regulations regulating cashless payments was also expected to limit industry demand.

Based on type digital wallet market is segmented by proximity and remote. Proximity dominated digital wallet market with increasing usage authorization and transactions involving entities that are physically close to each other. Based on end use, corporate is the leading segment to dominate the market during the forecast period due to the rising number of SMEs and various industry verticals pushing to the market growth. The key drivers are growing fast track digital data and enable to achieve insight into user behavior which motivates market development.

The digital wallet market in North America is anticipated to account for the highest revenue share contribution and projected to maintain its dominance in the target market during the forecast period. The attributing factor is due to the presence of major players with the advance technologies. The Asia Pacific region is projected to register the fastest growth rate in the target market due to surge in penetration of smartphones and digitalizing the infrastructure in the region.

Competitive Landscape:

Global Digital Wallet Market1

The objective of the report is to present a comprehensive analysis of the Global Digital Wallet Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Digital Wallet Market dynamics, structure by analyzing the market segments and projects the Global Digital Wallet Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Raw material portfolio, growth strategies, and regional presence in the Global Digital Wallet Market make the report investor’s guide.

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Scope of Global Digital Wallet Market

Global Digital Wallet Market, By Type

• Proximity
• Remote
Global Artificial Intelligence Market, By End Use

• Personal
• Corporate
Global Artificial Intelligence Market, By Industry Verticals

• Education
• Gaming
• IT & Telecommunications
• Aerospace & Defense
• Legal
• Media & Entertainment
• Automotive
• Banking Financial Services and Insurance
• Consumer Goods
• Others
Global Artificial Intelligence Market, by Region

• North America
• Europe
• Asia-Pacific
• MEA & Africa
• Latin America
Global Artificial Intelligence Market Key Players

• Apple Inc
• American Express Company
• Alipay
• Bharti Airtel Limited
• Paytm
• PayPal Holdings Inc
• Samsung Electronics Co., Ltd
• Square Inc
• VISA Inc
• PhonePe Private Limited

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