Japan Digital Wallet market was valued at US$1,901.123 million in 2019. The market growth of the digital wallet is projected to remain slow in Japan as it is the cash-based country owing to the large aging population base over there. According to the data provided by the Internal Affairs and Communications Ministry, old age people accounted for 28.4 percent of the country’s population and 12.9 percent of its labor force in 2018. According to Japan’s Ministry of Economy, Trade Read more...
Germany Digital Wallet market was valued at US$4,374.972 million in 2019. This is one of the major markets for digital wallet vendors operating in this region and the lucrativeness of this market is anticipated to remain high throughout the forecast period, which will continue to support the growth. The market growth is being shaped by the presence of a fairly large smartphone user base, which is witnessing a continuous expansion on account of the high spending capacity of people in this Read more...
France Digital Wallet market was valued at US$4,176.876 million in 2019. The country is witnessing a rise in online payment transactions, driven by a rise in the penetration of smartphones and internet connectivity in the country. According to the World Bank Data, the percentage of the population using the internet in France rose from 78.01 in 2015 to 82.04 in 2018. According to the Banque de France, there has been a decline in the use of national payment instruments such as trade bills Read more...
Europe Digital Wallet market was valued at US$18,531.111 million in 2019. The market growth in this region is contributed to by the high penetration of smartphones supported by the high disposable income of people. The European digital wallet market growth is majorly attributed to the booming e-commerce sector in countries like the United Kingdom, France, and Germany, which has been contributing significantly to these countries’ GDP. In the United Kingdom, according to data from th Read more...
China Digital Wallet market was valued at US$12,803.767 million in 2019. The high penetration rate of smartphones and faster internet connectivity is the major contributing factor for the booming digital wallet market in China. According to the latest 2020 statistics by the People’s Bank of China (PBOC), the number of electronic payments processed by country’s banks surged by 6.3% compared to the same period in 2018. In March 2020, 776.08 million people were using mobile paym Read more...
Canada Digital Wallet market was valued at US$385.862 million in 2019. Rising use of smartphones and growing penetration of internet connectivity is the major driver of the digital market in Canada. More than half of the Canadian population is using their mobile devices to make payments or transfer money. The rapidly growing e-commerce industry in Canada is also fuelling the adoption of digital wallets among Canadians to make payments for every purchase they make. This growth is further Read more...
Brazil Digital Wallet market was valued at US$2,643.193 million in 2019. The growing popularity of smartphones is the major driver of the digital wallet market. Brazil is the only country in Latin America where Samsung Pay, Google Pay, and Apple Pay are all present. Even with high cash usage, digital wallets are likely to grow because of the population’s familiarity with smartphones. Urban mobility plays an important role in the increase of digital wallet usage – and in more Read more...
Argentina Digital Wallet market was valued at US$871.379 million in 2019. The country has been witnessing a rapid rise in the number of smartphone users along with the growing penetration of internet in the country. As such, digital wallets are gaining popularity among Argentines which is driving the digital wallet market growth in the country. The recent regulatory changes regarding QR codes in Argentina will further boost the market growth of digital wallets in the country during the n Read more...
The global contrast media market is projected to grow at a CAGR of 4.23% to reach US$7,113.910 million by 2025 from US$5,548.198 million in 2019. Cancer is considered the disease that has a significant impact on society and is considered as the second leading cause of death globally according to the World Health Organization. Additionally, according to the WHO, approx. 70% of death occur in the low and middle-income counties is due to cancer, which is attributable to the fact that that th Read more...
Global portfolio management system market was valued at US$12.362 billion in 2019. Portfolio management is the art of managing a collection of investment tools. These tools include stocks and shares, bonds, cash, and mutual funds and with a growing number of them across the globe, the need for their proper management is also increasing. Portfolio management tools use complex algorithms in order to facilitate the selection of the best available securities or tools that are anticipated to Read more...
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