The Europe Mobile Wallet Market would witness market growth of 26.2% CAGR during the forecast period (2022-2028).
Smartphones could either be equipped with a built-in function for the mobile wallet or download an app for it. A mobile wallet links to bank accounts and holds data for credit card, coupon, debit card, or reward cards. A personal identification format, like a number, QR code, key, fingerprint, or face recognition, is linked to every stored card whenever the app is downloaded and the user submits their payment details.
The mobile app employs near-field communication (NFC), a technique that utilizes radio frequencies to connect devices, when a consumer pays a merchant. NFC transmits payment details to the point-of-service (POS) terminal of the business using the personal identity format designed for the customer. The user typically initiates the information transmission by holding or waving an NFC-enabled mobile phone over the merchant's NFC reader.
Despite the pandemic, European e-commerce grew as customers tried to fill the voids left by the suspension of in-person trade. Even while the digital divide is quickly shrinking, the economies of Europe are very diverse. There are e-commerce markets with high levels of internet penetration and rapid growth (Spain and Sweden), high levels of internet penetration and slower growth (the United Kingdom and Scandinavian nations), low levels of internet penetration but rapid growth (Russia and Turkey), and low levels of internet penetration in slower-growing nations (Poland, Belgium and Ireland). The growing demand for numerous digital payment forms and the increasing acceptance of mobile wallet are among the key factors bolstering the growth of the regional market over the forecast period.
The Germany market dominated the Europe Mobile Wallet Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,933 million by 2028. The UK market is poised to grow at a CAGR of 25.2% during (2022 - 2028). Additionally, The France market would showcase a CAGR of 27.2% during (2022 - 2028).
Based on Technology, the market is segmented into Proximity and Remote. Based on Application, the market is segmented into Retail & E-commerce, Hospitality & Transportation, Banking, Vending Machine, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Mobile Wallet Market will Hit $30.2 Billion by 2028, at a CAGR of 27%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Apple, Inc., Samsung Electronics Co., Ltd. (Samsung Group), Google LLC, Amazon Web Services, Inc. (Amazon.com, Inc.), PayPal Holdings, Inc., Ant Group (Alipay) (Alibaba Holding), AT&T, Inc. (AT&T Intellectual Property), Mastercard, Inc., Visa, Inc., and American Express Company.
Scope of the Study
Market Segments Covered in the Report:
By Technology
By Application
- Retail & E-commerce
- Hospitality & Transportation
- Banking
- Vending Machine
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Apple, Inc.
- Samsung Electronics Co., Ltd. (Samsung Group)
- Google LLC
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- PayPal Holdings, Inc.
- Ant Group (Alipay) (Alibaba Holding)
- AT&T, Inc. (AT&T Intellectual Property)
- Mastercard, Inc.
- Visa, Inc.
- American Express Company
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Mobile Wallet Market, by Technology
1.4.2 Europe Mobile Wallet Market, by Application
1.4.3 Europe Mobile Wallet Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2019, Dec – 2022, Aug) Leading Players
Chapter 4. Europe Mobile Wallet Market by Technology
4.1 Europe Proximity Market by Country
4.2 Europe Remote Market by Country
Chapter 5. Europe Mobile Wallet Market by Application
5.1 Europe Retail & E-commerce Market by Country
5.2 Europe Hospitality & Transportation Market by Country
5.3 Europe Banking Market by Country
5.4 Europe Vending Machine Market by Country
5.5 Europe Others Market by Country
Chapter 6. Europe Mobile Wallet Market by Country
6.1 Germany Mobile Wallet Market
6.1.1 Germany Mobile Wallet Market by Technology
6.1.2 Germany Mobile Wallet Market by Application
6.2 UK Mobile Wallet Market
6.2.1 UK Mobile Wallet Market by Technology
6.2.2 UK Mobile Wallet Market by Application
6.3 France Mobile Wallet Market
6.3.1 France Mobile Wallet Market by Technology
6.3.2 France Mobile Wallet Market by Application
6.4 Russia Mobile Wallet Market
6.4.1 Russia Mobile Wallet Market by Technology
6.4.2 Russia Mobile Wallet Market by Application
6.5 Spain Mobile Wallet Market
6.5.1 Spain Mobile Wallet Market by Technology
6.5.2 Spain Mobile Wallet Market by Application
6.6 Italy Mobile Wallet Market
6.6.1 Italy Mobile Wallet Market by Technology
6.6.2 Italy Mobile Wallet Market by Application
6.7 Rest of Europe Mobile Wallet Market
6.7.1 Rest of Europe Mobile Wallet Market by Technology
6.7.2 Rest of Europe Mobile Wallet Market by Application
Chapter 7. Company Profiles
7.1 Apple, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Product Launches and Product Expansions:
7.1.5.2 Acquisition and Mergers:
7.1.6 SWOT Analysis
7.2 Samsung Electronics Co., Ltd. (Samsung Group)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.5 Recent strategies and developments:
7.2.5.1 Partnerships, Collaborations, and Agreements:
7.2.5.2 Product Launches and Product Expansions:
7.2.6 SWOT Analysis
7.3 Google LLC
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Product Launches and Product Expansions:
7.3.5.2 Business Expansions:
7.3.6 SWOT Analysis
7.4 Amazon Web Services, Inc. (Amazon.com, Inc.)
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental Analysis
7.4.4 Recent strategies and developments:
7.4.4.1 Partnerships, Collaborations, and Agreements:
7.4.4.2 Product Launches and Product Expansions:
7.4.4.3 Acquisitions and Mergers:
7.4.4.4 Geographical Expansions:
7.4.5 SWOT Analysis
7.5 PayPal Holdings, Inc.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Regional Analysis
7.5.4 Research & Development Expense
7.5.5 Recent strategies and developments:
7.5.5.1 Partnerships, Collaborations, and Agreements:
7.5.5.2 Product Launches and Product Expansions:
7.6 Ant Group (Alipay) (Alibaba Holding)
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental Analysis
7.6.4 Recent strategies and developments:
7.6.4.1 Partnerships, Collaborations, and Agreements:
7.7 AT&T, Inc. (AT&T Intellectual Property)
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expense
7.7.5 Recent strategies and developments:
7.7.5.1 Product Launches and Product Expansions:
7.8 Mastercard, Inc.
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Regional Analysis
7.8.4 Recent strategies and developments:
7.8.4.1 Partnerships, Collaborations, and Agreements:
7.8.4.2 Acquisition and Mergers:
7.9 Visa, Inc.
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Recent strategies and developments:
7.9.3.1 Partnerships, Collaborations, and Agreements:
7.9.3.2 Acquisition and Mergers:
7.10. American Express Company
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 Recent strategies and developments:
7.10.4.1 Partnerships, Collaborations, and Agreements:
7.10.4.2 Product Launches and Product Expansions:
7.10.4.3 Acquisition and Mergers:
TABLE 1 Europe Mobile Wallet Market, 2018 - 2021, USD Million
TABLE 2 Europe Mobile Wallet Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Mobile Wallet Market
TABLE 4 Product Launches And Product Expansions– Mobile Wallet Market
TABLE 5 Acquisition and Mergers– Mobile Wallet Market
TABLE 6 Geographical Expansions– Mobile Wallet Market
TABLE 7 Europe Mobile Wallet Market by Technology, 2018 - 2021, USD Million
TABLE 8 Europe Mobile Wallet Market by Technology, 2022 - 2028, USD Million
TABLE 9 Europe Proximity Market by Country, 2018 - 2021, USD Million
TABLE 10 Europe Proximity Market by Country, 2022 - 2028, USD Million
TABLE 11 Europe Remote Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe Remote Market by Country, 2022 - 2028, USD Million
TABLE 13 Europe Mobile Wallet Market by Application, 2018 - 2021, USD Million
TABLE 14 Europe Mobile Wallet Market by Application, 2022 - 2028, USD Million
TABLE 15 Europe Retail & E-commerce Market by Country, 2018 - 2021, USD Million
TABLE 16 Europe Retail & E-commerce Market by Country, 2022 - 2028, USD Million
TABLE 17 Europe Hospitality & Transportation Market by Country, 2018 - 2021, USD Million
TABLE 18 Europe Hospitality & Transportation Market by Country, 2022 - 2028, USD Million
TABLE 19 Europe Banking Market by Country, 2018 - 2021, USD Million
TABLE 20 Europe Banking Market by Country, 2022 - 2028, USD Million
TABLE 21 Europe Vending Machine Market by Country, 2018 - 2021, USD Million
TABLE 22 Europe Vending Machine Market by Country, 2022 - 2028, USD Million
TABLE 23 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 24 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 25 Europe Mobile Wallet Market by Country, 2018 - 2021, USD Million
TABLE 26 Europe Mobile Wallet Market by Country, 2022 - 2028, USD Million
TABLE 27 Germany Mobile Wallet Market, 2018 - 2021, USD Million
TABLE 28 Germany Mobile Wallet Market, 2022 - 2028, USD Million
TABLE 29 Germany Mobile Wallet Market by Technology, 2018 - 2021, USD Million
TABLE 30 Germany Mobile Wallet Market by Technology, 2022 - 2028, USD Million
TABLE 31 Germany Mobile Wallet Market by Application, 2018 - 2021, USD Million
TABLE 32 Germany Mobile Wallet Market by Application, 2022 - 2028, USD Million
TABLE 33 UK Mobile Wallet Market, 2018 - 2021, USD Million
TABLE 34 UK Mobile Wallet Market, 2022 - 2028, USD Million
TABLE 35 UK Mobile Wallet Market by Technology, 2018 - 2021, USD Million
TABLE 36 UK Mobile Wallet Market by Technology, 2022 - 2028, USD Million
TABLE 37 UK Mobile Wallet Market by Application, 2018 - 2021, USD Million
TABLE 38 UK Mobile Wallet Market by Application, 2022 - 2028, USD Million
TABLE 39 France Mobile Wallet Market, 2018 - 2021, USD Million
TABLE 40 France Mobile Wallet Market, 2022 - 2028, USD Million
TABLE 41 France Mobile Wallet Market by Technology, 2018 - 2021, USD Million
TABLE 42 France Mobile Wallet Market by Technology, 2022 - 2028, USD Million
TABLE 43 France Mobile Wallet Market by Application, 2018 - 2021, USD Million
TABLE 44 France Mobile Wallet Market by Application, 2022 - 2028, USD Million
TABLE 45 Russia Mobile Wallet Market, 2018 - 2021, USD Million
TABLE 46 Russia Mobile Wallet Market, 2022 - 2028, USD Million
TABLE 47 Russia Mobile Wallet Market by Technology, 2018 - 2021, USD Million
TABLE 48 Russia Mobile Wallet Market by Technology, 2022 - 2028, USD Million
TABLE 49 Russia Mobile Wallet Market by Application, 2018 - 2021, USD Million
TABLE 50 Russia Mobile Wallet Market by Application, 2022 - 2028, USD Million
TABLE 51 Spain Mobile Wallet Market, 2018 - 2021, USD Million
TABLE 52 Spain Mobile Wallet Market, 2022 - 2028, USD Million
TABLE 53 Spain Mobile Wallet Market by Technology, 2018 - 2021, USD Million
TABLE 54 Spain Mobile Wallet Market by Technology, 2022 - 2028, USD Million
TABLE 55 Spain Mobile Wallet Market by Application, 2018 - 2021, USD Million
TABLE 56 Spain Mobile Wallet Market by Application, 2022 - 2028, USD Million
TABLE 57 Italy Mobile Wallet Market, 2018 - 2021, USD Million
TABLE 58 Italy Mobile Wallet Market, 2022 - 2028, USD Million
TABLE 59 Italy Mobile Wallet Market by Technology, 2018 - 2021, USD Million
TABLE 60 Italy Mobile Wallet Market by Technology, 2022 - 2028, USD Million
TABLE 61 Italy Mobile Wallet Market by Application, 2018 - 2021, USD Million
TABLE 62 Italy Mobile Wallet Market by Application, 2022 - 2028, USD Million
TABLE 63 Rest of Europe Mobile Wallet Market, 2018 - 2021, USD Million
TABLE 64 Rest of Europe Mobile Wallet Market, 2022 - 2028, USD Million
TABLE 65 Rest of Europe Mobile Wallet Market by Technology, 2018 - 2021, USD Million
TABLE 66 Rest of Europe Mobile Wallet Market by Technology, 2022 - 2028, USD Million
TABLE 67 Rest of Europe Mobile Wallet Market by Application, 2018 - 2021, USD Million
TABLE 68 Rest of Europe Mobile Wallet Market by Application, 2022 - 2028, USD Million
TABLE 69 Key Information – Apple, Inc.
TABLE 70 Key Information – Samsung Electronics Co., Ltd.
TABLE 71 Key Information – Google LLC
TABLE 72 Key Information – Amazon Web Services, Inc.
TABLE 73 Key Information – PayPal Holdings, Inc.
TABLE 74 Key Information – Ant Group
TABLE 75 Key Information – AT&T, Inc.
TABLE 76 key Information – Mastercard, Inc.
TABLE 77 Key Information – Visa, Inc.
TABLE 78 Key Information – American Express Company
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2019, Dec – 2022, Aug) Leading Players
FIG 5 Recent strategies and developments: Apple, Inc.
FIG 6 SWOT Analysis: apple, Inc.
FIG 7 Recent strategies and developments: Samsung Electronics Co., Ltd.
FIG 8 SWOT Analysis: Samsung Electronics CO. Ltd.
FIG 9 Recent strategies and developments: Google LLC
FIG 10 SWOT Analysis: Alphabet Inc. (Google LLC)
FIG 11 Recent strategies and developments: Amazon Web Services, Inc.
FIG 12 SWOT analysis: Amazon.com, Inc.
FIG 13 Recent strategies and developments: PayPal Holdings, Inc.
FIG 14 Recent strategies and developments: Mastercard, Inc.
FIG 15 Recent strategies and developments: Visa, Inc.
FIG 16 Recent strategies and developments: American Express Company