E - wallet Market Research Report - Global Forecast to 2023

E - wallet Market Research Report - Global Forecast to 2023

ID: MRFR/ICT/3212-HCRR | October, 2018 | Region: Global | 100 pages | Half-Cooked Research Reports

Global E - Wallet Market, By Application (Restaurants, Transportation, Banking, Retail), By Type (Closed E Wallets, Semi closed E Wallets, Open E Wallets), By Mode (Online, M -wallet) -Forecast 2023


Market Synopsis:
Market Research Future study identifies Alibaba Group Holding Ltd. (China), Apple, Inc. (U.S.), Citrus Payment Solutions (India), Google, Inc. (U.S.), MasterCard (U.S.), Oxigen Services India Pvt. Ltd (India), PayPal Holdings (USA), Samsung Electronics Inc. (South Korea), and Visa (USA) as the key vendors in the global E-wallet market.


With the emergence of e-commerce and online purchases, the procedure required for the payment system is also changing, forcing it to go digital due to which users migrated from cash payments to plastic card payments and now to contactless payments. These payments occur through digital channels either held on digital wallets or in the cloud, or from new digital payment mechanisms. Since the scenario is still evolving a wide variety of names are used for such transactions such as e-money, digital money, micro-payments and many others.


Many E- wallet services like paytm & free charge work through apps in smart phone. Regardless the traditional payment procedure, an E wallet is based on encryption software which substitutes analog wallet during monetary transactions. Further, E-Wallet allows you to store multiple credit card and bank account numbers in a secure environment and eliminate the need to enter in account information during money transactions. Once user gets registered and creates an E-Wallet profile, access will be provided to make payments faster and with less typing.


In the latest trend, NFC chip enabled smartphone are expected to drive the market as most of the smartphone manufacturers are equipping the phones with NFC (Near field communication). Placing smart phone within four inches of pay pad or contact less reader will prompt wallet or passbook for payment confirmation.


Further, as per industry developments, In July 2017, Axis Bank acquired free charge e-commerce Company offering digital transactions. On the other end paytm is being backboned by several funding’s in order to boost in e- wallet transactions. Citrus pay is acquired by PayU owned by Naspers for $130M to expand its operations in India. The endless opportunities in this field inviting more players to invest in E-wallet market.


The market for E wallets is segmented on the basis of type, modes, and application. On the basis of type, the E-wallet market is further divided into closed e-wallets, semi closed e –wallets and open e-wallets. Closed e-wallets are issued by an entity for facilitating the purchase of goods/services from it. Semi closed e-wallets are similar to that of closed ones but here the user can get financial services at merchants location which have a specific contract with the issuer to accept them. Cash with drawl is not permitted in both the cases. The open wallets is a different case where user can withdrawal at ATMs or Banking Correspondents.


Geographically, North America followed by Europe formed some of the major regions contributing to the market growth. I Asia pacific, Japan, China, and India are moving towards cashless countries. There is the high growth opportunity for e-wallet due to increased adoption of the smartphone in this region. In India, after demonetization, online payment transfer has been increased drastically. Government supports the cashless country and digital country and such initiatives will fuel the growth of e-wallet market. Paytm saw a 4.7% jump in its valuation in last three months. Free charge doubled its number of users post demonetization & moving towards cash less economy.  All the countries across the globe are supporting online wallet payment which will help to track all type of transaction and lower the black money transactions.


E Wallet Market:
E Wallet Market


The global E-wallet market is expected to grow at CAGR of 15% and estimated to reach market size of approximately USD 2,100 billion by the end of forecast period 2017-2023.

Segments:
For the purpose of this study, Market Research Future has segmented the Global E wallet market by type, by mode, by application and by region.



By Type:



  • Closed e-wallets

  • Semi closed e-wallets

  • Open e-wallets



By Mode
:



  • Online Payment

  • M-wallet ( Mobile wallet )



By Application:



  • Retail

  • Transportation

  • Entertainment

  • Banking

  • Others



By Region:



  • North America

  • Europe

  • Asia pacific

  • Rest of the world (ROW)



Intended Audience



  • Service providers

  • Software Developers

  • IT enablers

  • Cloud providers

  • Banks

  • Storage Providers

  • Software Investors

  • Database solutions

TABLE OF CONTENTS

1 MARKET INTRODUCTION

1.1 INTRODUCTION

1.2 SCOPE OF STUDY

1.2.1 RESEARCH OBJECTIVE

1.2.2 ASSUMPTIONS

1.2.3 LIMITATIONS

1.3 MARKET STRUCTURE

2 RESEARCH METHODOLOGY

2.1 RESEARCH SMART CONTRACTS

2.2 PRIMARY RESEARCH

2.3 SECONDARY RESEARCH

2.4 FORECAST MODEL

2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST

2.4.2 MARKET SIZE ESTIMATION

3 MARKET DYNAMICS

3.1 INTRODUCTION

3.2 MARKET DRIVERS

3.3 MARKET CHALLENGES

3.4 MARKET OPPORTUNITIES

3.5 MARKET RESTRAINTS

4 EXECUTIVE SUMMARY

5. MARKET FACTOR ANALYSIS

5.1 PORTER’S FIVE FORCES ANALYSIS

5.2 SUPPLY CHAIN ANALYSIS

6 SMART CONTRACTS MARKET, BY SEGMENTS

6.1 INTRODUCTION

6.2 MARKET STATISTICS

6.2.1 BY APPLICATION

6.2.1.1 ENTERTAINMENT

6.2.1.2 TRANSPORTATION

6.2.1.3 BANKING

6.2.1.4 RETAIL

6.2.1.5 OTHERS

6.2.2 BY TYPE

6.2.2.1 CLOSED E-WALLETS

6.2.2.2 SEMI CLOSED E-WALLETS

6.2.2.3 OPEN E-WALLETS

6.2.3 BY MODE

6.2.3.1 ONLINE

6.2.3.2 M-WALLET

6.2.4 BY REGION

6.2.4.1 NORTH AMERICA

6.2.4.1.1 U.S.

6.2.4.1.2 CANADA

6.2.4.1.3 MEXICO

6.2.4.2 EUROPE

6.2.4.2.1 U.K.

6.2.4.2.2 GERMANY

6.2.4.2.3 FRANCE

6.2.4.2.4 ITALY

6.2.4.2.5 REST OF THE EUROPE

6.2.4.3 ASIA PACIFIC

6.2.4.3.1 CHINA

6.2.4.3.2 JAPAN

6.2.4.3.3 SOUTH KOREA

6.2.4.3.4 INDIA

6.2.4.3.5 REST OF THE ASIA PACIFIC

6.2.4.4 REST OF THE WORLD

7 COMPETITIVE ANALYSIS

7.1 MARKET SHARE ANALYSIS

7.2 COMPANY PROFILES

7.2.1 Alibaba Group Holding Ltd. (China)

7.2.2 Apple Inc. (U.S.)

7.2.3 GOOGLE INC. (U.S.)

7.2.4 MASTERCARD (U.S.)

7.2.5 CITRUS PAYMENT SOLUTIONS (INDIA)

7.2.6 OXIGEN SERVICES INDIA PVT LTD (INDIA)

7.2.7 PAYPAL HOLDINGS (U.S.)

7.2.8 SAMSUNG ELETRONICS ( SOUTH KOREA)

7.2.9 VISA INC (U.S.)

7.2.10 OTHERS



LIST OF TABLES

TABLE 1 GLOBAL E-WALLET MARKET, BY APPLICATION

TABLE 2 GLOBAL E-WALLET MARKET, BY TYPE

TABLE 3 GLOBAL E-WALLET MARKET, BY MODE

TABLE 4 GLOBAL E-WALLET MARKET, BY REGION

TABLE 5 NORTH AMERICA GLOBAL E-WALLET MARKET, BY APPLICATION

TABLE 6 NORTH AMERICA GLOBAL E-WALLET MARKET, BY TYPE

TABLE 7 NORTH AMERICA GLOBAL E-WALLET MARKET, BY MODE

TABLE 8 U.S. GLOBAL E-WALLET MARKET, BY APPLICATION

TABLE 9 U.S. GLOBAL E-WALLET MARKET, BY TYPE

TABLE 10 U.S. GLOBAL E-WALLET MARKET, BY MODE

TABLE 11 CANADA GLOBAL E-WALLET MARKET, BY APPLICATION

TABLE 12 CANADA GLOBAL E-WALLET MARKET, BY TYPE

TABLE 13 CANADA GLOBAL E-WALLET MARKET, BY MODE

TABLE 14 MEXICO GLOBAL E-WALLET MARKET, BY APPLICATION

TABLE 15 MEXICO GLOBAL E-WALLET MARKET, BY TYPE

TABLE 16 MEXICO GLOBAL E-WALLET MARKET, BY MODE

TABLE 17 EUROPE GLOBAL E-WALLET MARKET, BY APPLICATION

TABLE 18 EUROPE GLOBAL E-WALLET MARKET, BY TYPE

TABLE 19 EUROPE GLOBAL E-WALLET MARKET, BY MODE

TABLE 20 U.K. GLOBAL E-WALLET MARKET, BY APPLICATION

TABLE 21 U.K. GLOBAL E-WALLET MARKET, BY TYPE

TABLE 22 U.K. GLOBAL E-WALLET MARKET, BY MODE

TABLE 23 GERMANY GLOBAL E-WALLET MARKET, BY APPLICATION

TABLE 24 GERMANY GLOBAL E-WALLET MARKET, BY TYPE

TABLE 25 GERMANY GLOBAL E-WALLET MARKET, BY MODE

TABLE 26 FRANCE GLOBAL E-WALLET MARKET, BY APPLICATION

TABLE 27 FRANCE GLOBAL E-WALLET MARKET, BY TYPE

TABLE 28 FRANCE GLOBAL E-WALLET MARKET, BY MODE

TABLE 29 ITALY GLOBAL E-WALLET MARKET, BY APPLICATION

TABLE 30 ITALY GLOBAL E-WALLET MARKET, BY TYPE

TABLE 31 ITALY GLOBAL E-WALLET MARKET, BY MODE

TABLE 32 REST OF EUROPE GLOBAL E-WALLET MARKET, BY APPLICATION

TABLE 33 REST OF EUROPE GLOBAL E-WALLET MARKET, BY TYPE

TABLE 34 REST OF EUROPE GLOBAL E-WALLET MARKET, BY MODE

TABLE 35 ASIA PACIFIC GLOBAL E-WALLET MARKET, BY APPLICATION

TABLE 36 ASIA PACIFIC GLOBAL E-WALLET MARKET, BY TYPE

TABLE 37 ASIA PACIFIC GLOBAL E-WALLET MARKET, BY MODE

TABLE 38 CHINA GLOBAL E-WALLET MARKET, BY APPLICATION

TABLE 39 CHINA GLOBAL E-WALLET MARKET, BY TYPE

TABLE 40 CHINA GLOBAL E-WALLET MARKET, BY MODE

TABLE 41 JAPAN GLOBAL E-WALLET MARKET, BY APPLICATION

TABLE 42 JAPAN GLOBAL E-WALLET MARKET, BY TYPE

TABLE 43 JAPAN GLOBAL E-WALLET MARKET, BY MODE

TABLE 44 SOUTH KOREA GLOBAL E-WALLET MARKET, BY APPLICATION

TABLE 45 SOUTH KOREA GLOBAL E-WALLET MARKET, BY TYPE

TABLE 46 SOUTH KOREA GLOBAL E-WALLET MARKET, BY MODE

TABLE 47 INDIA GLOBAL E-WALLET MARKET, BY APPLICATION

TABLE 48 INDIA GLOBAL E-WALLET MARKET, BY TYPE

TABLE 49 INDIA GLOBAL E-WALLET MARKET, BY MODE

TABLE 50 REST OF ASIA PACIFIC GLOBAL E-WALLET MARKET, BY APPLICATION

TABLE 51 REST OF ASIA PACIFIC GLOBAL E-WALLET MARKET, BY TYPE

TABLE 52 REST OF ASIA PACIFIC GLOBAL E-WALLET MARKET, BY MODE

TABLE 53 REST OF WORLD GLOBAL E-WALLET MARKET, BY APPLICATION

TABLE 54 REST OF WORLD GLOBAL E-WALLET MARKET, BY TYPE

TABLE 55 REST OF WORLD GLOBAL E-WALLET MARKET, BY MODE





LIST OF FIGURES

FIGURE 1 RESEARCH GLOBAL E-WALLET MARKET

FIGURE 2 GLOBAL E-WALLET, BY APPLICTION (%)

FIGURE 3 GLOBAL E-WALLET MARKET, BY TYPE (%)

FIGURE 4 GLOBAL E-WALLET MARKET, BY MODE (%)

FIGURE 5 GLOBAL E-WALLET MARKET, BY REGION (%)

FIGURE 6 NORTH AMERICA GLOBAL E-WALLET MARKET, BY APPLICATION (%)

FIGURE 7 NORTH AMERICA GLOBAL E-WALLET MARKET, BY TYPE (%)

FIGURE 8 NORTH AMERICA GLOBAL E-WALLET MARKET, BY MODE (%)

FIGURE 9 U.S. GLOBAL E-WALLET MARKET, BY APPLICATION (%)

FIGURE 10 U.S. GLOBAL E-WALLET MARKET, BY TYPE (%)

FIGURE 11 U.S. GLOBAL E-WALLET MARKET, BY MODE (%)

FIGURE 12 CANADA GLOBAL E-WALLET MARKET, BY APPLICATION (%)

FIGURE 13 CANADA GLOBAL E-WALLET MARKET, BY TYPE (%)

FIGURE 14 CANADA GLOBAL E-WALLET MARKET, BY MODE (%)

FIGURE 15 MEXICO GLOBAL E-WALLET MARKET, BY APPLICATION (%)

FIGURE 16 MEXICO GLOBAL E-WALLET MARKET, BY TYPE (%)

FIGURE 17 EUROPE GLOBAL E-WALLET MARKET, BY APPLICATION (%)

FIGURE 18 EUROPE GLOBAL E-WALLET MARKET, BY TYPE (%)

FIGURE 19 EUROPE GLOBAL E-WALLET MARKET, BY MODE (%)

FIGURE 20 U.K. GLOBAL E-WALLET MARKET, BY APPLICATION (%)

FIGURE 21 U.K. GLOBAL E-WALLET MARKET, BY TYPE (%)

FIGURE 22 U.K. GLOBAL E-WALLET MARKET, BY MODE (%)

FIGURE 23 GERMANY GLOBAL E-WALLET MARKET, BY APPLICATION (%)

FIGURE 24 GERMANY GLOBAL E-WALLET MARKET, BY TYPE (%)

FIGURE 25 GERMANY GLOBAL E-WALLET MARKET, BY MODE (%)

FIGURE 26 FRANCE GLOBAL E-WALLET MARKET, BY APPLICATION (%)

FIGURE 27 FRANCE GLOBAL E-WALLET MARKET, BY TYPE (%)

FIGURE 28 FRANCE GLOBAL E-WALLET MARKET, BY MODE (%)

FIGURE 29 ITALY GLOBAL E-WALLET MARKET, BY APPLICATION (%)

FIGURE 30 ITALY GLOBAL E-WALLET MARKET, BY TYPE (%)

FIGURE 31 ITALY GLOBAL E-WALLET MARKET, BY MODE (%)

FIGURE 32 REST OF EUROPE GLOBAL E-WALLET MARKET, BY APPLICATION (%)

FIGURE 33 REST OF EUROPE GLOBAL E-WALLET MARKET, BY TYPE (%)

FIGURE 34 REST OF EUROPE GLOBAL E-WALLET MARKET, BY MODE (%)

FIGURE 35 ASIA PACIFIC GLOBAL E-WALLET MARKET, BY APPLICATION (%)

FIGURE 36 ASIA PACIFIC GLOBAL E-WALLET MARKET, BY TYPE (%)

FIGURE 37 ASIA PACIFIC GLOBAL E-WALLET MARKET, BY MODE (%)

FIGURE 38 CHINA GLOBAL E-WALLET, BY APPLICATION (%)

FIGURE 39 CHINA GLOBAL E-WALLET MARKET, BY TYPE (%)

FIGURE 40 CHINA GLOBAL E-WALLET MARKET, BY MODE (%)

FIGURE 41 JAPAN GLOBAL E-WALLET MARKET, BY APPLICATION (%)

FIGURE 42 JAPAN GLOBAL E-WALLET MARKET, BY TYPE (%)

FIGURE 43 JAPAN GLOBAL E-WALLET MARKET, BY MODE (%)

FIGURE 44 SOUTH KOREA GLOBAL E-WALLET MARKET, BY APPLICATION (%)

FIGURE 45 SOUTH KOREA GLOBAL E-WALLET MARKET, BY TYPE (%)

FIGURE 46 SOUTH KOREA GLOBAL E-WALLET MARKET, BY MODE (%)

FIGURE 47 INDIA GLOBAL E-WALLET MARKET, BY APPLICATION (%)

FIGURE 48 INDIA GLOBAL E-WALLET MARKET, BY TYPE (%)

FIGURE 49 INDIA GLOBAL E-WALLET MARKET, BY MODE (%)

FIGURE 50 REST OF ASIA PACIFIC GLOBAL E-WALLET MARKET, BY APPLICATION (%)

FIGURE 51 REST OF ASIA PACIFIC GLOBAL E-WALLET MARKET, BY TYPE (%)

FIGURE 52 REST OF ASIA PACIFIC GLOBAL E-WALLET MARKET, BY MODE (%)

FIGURE 53 REST OF WORLD GLOBAL E-WALLET MARKET, BY APPLICATION (%)

FIGURE 54 REST OF WORLD GLOBAL E-WALLET MARKET, BY TYPE (%)

FIGURE 55 REST OF WORLD GLOBAL E-WALLET MARKET, BY MODE (%)