Global Wallets Market 2023-2027

Global Wallets Market 2023-2027
The wallets market is forecasted to grow by USD 11122.08 mn during 2022-2027, accelerating at a CAGR of 10.01% during the forecast period. The report on the wallets market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by wide availability of wallets on online channels, increasing advertising and marketing campaigns by vendors, and increasing urbanization and trend of minimalism.

Technavio's wallets market is segmented as below:

By ProductConventional walletsSmart-connected walletsBy Distribution ChannelOnlineOfflineBy Geographical LandscapeAPACNorth AmericaEuropeSouth AmericaMiddle East and AfricaThis study identifies the growing preference for customized wallets as one of the prime reasons driving the wallets market growth during the next few years. Also, emergence of subscription and rental models and rising popularity of eco-friendly wallets will lead to sizable demand in the market.

The report on the wallets market covers the following areas:Wallets market sizingWallets market forecastWallets market industry analysisThe robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading wallets market vendors that include BAGGIT, Bellroy Pty Ltd., Buffalo Jackson Trading Co., Burberry Group Plc, Calleen Cordero Designs Inc., Da Milano Leathers Pvt. Ltd., Ekster Wallets BV, Etienne Aigner AG, Fossil Group Inc., Hermes International SA, Hidesign, Kenneth Cole Productions Inc., Kering SA, Matt and Nat SE, Montblanc, Mulberry Group Plc, Ralph Lauren Corp., Tory Burch LLC, Zazzle Inc., and Furla Spa. Also, the wallets market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.