The article cited AMA's Global Mobile Identity Wallet Market Study explored substantial growth with CAGR of 24.0%. According the report, The high demand owing to increasing smartphone penetration is one of the primary growth factors for the market. The increasing adoption of mobile wallets for authentication, and for making secure transactions is also expected to contribute significantly to the Mobile Identity Wallet market. Overall, Online Authentication applications of Mobile Identity Wallet, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Thales Group (France), Google LLC (United States), Folio Technologies (United Kingdom), Ping Identity (United States), Trulioo (Canada) and IDEMIA (France) may see astonishing sales in this Market and certainly improve revenue growth.

The Component, such as Mobile Identity Platform, is boosting the Mobile Identity Wallet market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The End User, such as Government, is boosting the Mobile Identity Wallet market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Mobile Identity Wallet market identified that the demand is rising in many different parts of the world as "The high demand is due to the introduction of advanced mobile wallet services ". Furthermore, some recent industry insights like "In May 2023, Worldcoin has launched a digital wallet designed to expand the availability of digital identity and global finance. The new World App is designed for the Worldcoin ecosystem and can be used to authenticate with World ID, get Worldcoin tokens and send digital money anywhere, Worldcoin said in a Monday (May 8) blog post." is constantly making the industry dynamic. One of the challenges that industry facing is "Technological complexities"

The report provides an in-depth analysis and forecast about the industry covering the following key features:

• Detailed Overview of Mobile Identity Wallet market will help deliver clients and businesses making strategies.
• Influencing factors that thriving demand and latest trend running in the market
• What is the market concentration? Is it fragmented or highly concentrated?
• What trends, challenges and barriers will impact the development and sizing of Mobile Identity Wallet market
• SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights.
• What growth momentum or downgrade market may carry during the forecast period?
• Which region may tap highest market share in coming era?
• What focused approach and constraints are holding the Mobile Identity Wallet market tight?
• Which application/end-user category or Product Type [] may seek incremental growth prospects?
• What would be the market share of key countries like Germany, USA, France, China etc.?

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Mobile Identity Wallet market and other related sub-markets covered in the study.

o Key & emerging players in the Mobile Identity Wallet market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Mobile Identity Wallet market size is calculated using market estimation process, the Mobile Identity Wallet market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Mobile Identity Wallet market size has been validated using both top-down and bottom-up approaches.