Mobile Wallet Market Research Report by Size Share Analysis 2031

Historic Data: 2021-2023 | Base Year: 2024 | Forecast Period: 2025-2031

Coverage: Mobile Wallet Market covers analysis By Technology (Remote, Proximity); Applications (Retail & E-commerce, Banking, Hospitality & Transportation); and Geography

Report Date : Dec 2025
Report Code : TIPRE00039153

Category : Banking, Financial Services, and Insurance
Status : Upcoming

Available Report Formats :
No. of Pages : 150

Page Updated: Aug 2025

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The Mobile Wallet Market is expected to register a CAGR of 29.7 % from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Billion by 2031.

The report is categorized by Technology (Remote, Proximity) and further analyzes the market based on Applications (Retail and E-commerce, Banking, Hospitality and Transportation). A comprehensive breakdown is provided at global, regional, and country levels for each of these key segments.

The report includes market size and forecasts across all segments, presenting values in USD. It also delivers key statistics on the current market status of leading players, along with insights into prevailing market trends and emerging opportunities.

Purpose of the Report

The report Mobile Wallet Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Mobile Wallet Market Segmentation

Technology

Remote
Proximity

Applications

Retail and E-commerce
Banking
Hospitality and Transportation

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Mobile Wallet Market: Strategic Insights

Get Top Key Market Trends of this report.
This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Mobile Wallet Market Growth Drivers

Unlocking Convenience: Mobile Wallets Transform Everyday Transactions
Seamless Payments: How Mobile Wallets Enhance Consumer Experience
Security First: Trust and Innovation in Mobile Wallet Technology

Mobile Wallet Market Future Trends

Mobile Wallets Transforming Everyday Transactions
Embracing Convenience: The Rise of Mobile Wallets in Daily Life
Future Ready: Mobile Wallets Paving the Way for Seamless Payments

Mobile Wallet Market Opportunities

Mobile Wallets: Empowering Seamless Payments for Everyone
Digital Wallets Drive Financial Inclusion in Emerging Markets
The Rise of Contactless Payments: Convenience Meets Safety

Mobile Wallet Market Regional Insights

The regional trends and factors influencing the Mobile Wallet Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Mobile Wallet Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Mobile Wallet Market Report Scope

Report Attribute	Details
Market size in 2024	US$ XX million
Market Size by 2031	US$ XX Billion
Global CAGR (2025 - 2031)	29.7 %
Historical Data	2021-2023
Forecast period	2025-2031
Segments Covered	By Technology Remote Proximity By Applications Retail and E-commerce Banking Hospitality and Transportation
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Visa Inc. Apple Inc. Alipay Amazon Web Services Inc. Samsung Google Inc. PayPal Holdings Inc. American Express Mastercard Airtel

Mobile Wallet Market Players Density: Understanding Its Impact on Business Dynamics

The Mobile Wallet Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Get the Mobile Wallet Market top key players overview

Key Selling Points

Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Mobile Wallet Market, providing a holistic landscape.
Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

The research report on the Mobile Wallet Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.

Frequently Asked Questions

What are the future trends of the global mobile wallet market?

Technological advancements are anticipated to play a significant role in the global mobile wallet market in the coming years.

Which are the key players holding the major market share of the mobile wallet market?

The key players holding majority shares in the global mobile wallet market are Visa Inc., Apple Inc., Amazon Web Services Inc., Samsung, and Google Inc.

What is the estimated market CAGR for the global mobile wallet market?

The global mobile wallet market is expected to grow at a CAGR of 29.7 % during the mobile wallet market forecast period 2024 - 2031.

What are the driving factors impacting the global mobile wallet market?

Increasing adoption of contactless payments is the major factors that propel the global mobile wallet market.

Research Manager

Ankita Mittal

Manager,
Market Research & Consulting

Ankita is a dynamic market research and consulting professional with over 8 years of experience across the technology, media, ICT, and electronics & semiconductor sectors. She has successfully led and delivered 100+ consulting and research assignments for global clients such as Microsoft, Oracle, NEC Corporation, SAP, KPMG, and Expeditors International. Her core competencies include market assessment, data analysis, forecasting, strategy formulation, competitive intelligence, and report writing.

Ankita is adept at handling complete project cycles—from pre-sales proposal design and client discussions to post-sales delivery of actionable insights. She is skilled in managing cross-functional teams, structuring complex research modules, and aligning solutions with client-specific business goals. Her excellent communication, leadership, and presentation abilities have enabled her to consistently deliver value-driven outcomes in fast-paced and evolving market environments.

What are the Mobile Wallet Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

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