The article cited AMA's Global Mobile Wallet and Payment Technologies Market Study explored substantial growth with CAGR of 37.45%. According the report, Rising Process of Digitization is one of the primary growth factors for the market. Increasing Demand of Bluetooth Payment Technology is also expected to contribute significantly to the Mobile Wallet and Payment Technologies market. Overall, Bill Payments applications of Mobile Wallet and Payment Technologies, 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 PayPal (United States), MasterCard (United States), American Express (United States), Apple (United States), Bank of America (United States), Amazon (United States), Citrus Payment Solutions (India), WorldPay (United States), AT&T Inc. (United States) and Visa (United States) may see astonishing sales in this Market and certainly improve revenue growth.

The Technology, such as Proximity Payment, is boosting the Mobile Wallet and Payment Technologies 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 Wallet and Payment Technologies market identified that the demand is rising in many different parts of the world as "The Emergence of IoT in Mobile Wallet and Payment Technologies". Furthermore, some recent industry insights like "In August 2023, The Bank of Montreal (BMO) launched a mobile wallet for virtual cards alongside Mastercard and Extend for its users across the USA and Canada. The move will give the Canadian organization’s clients access to even greater payment management functionality with the launch of Extend for the BMO app." is constantly making the industry dynamic. One of the challenges that industry facing is "Rising Concern about Security and Privacy"

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

• Detailed Overview of Mobile Wallet and Payment Technologies 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 Wallet and Payment Technologies 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 Wallet and Payment Technologies market tight?
• Which application/end-user category or Product Type [Mobile Commerce, Contact less Near-Field Communication, Mobile Ticketing, Money Transfer, Micro payments and Mobile Coupon] 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 Wallet and Payment Technologies market and other related sub-markets covered in the study.

o Key & emerging players in the Mobile Wallet and Payment Technologies 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 Wallet and Payment Technologies market size is calculated using market estimation process, the Mobile Wallet and Payment Technologies 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 Wallet and Payment Technologies market size has been validated using both top-down and bottom-up approaches.