Research Methodology – Mobile Wallet Market
At Straits Research, we adopt a rigorous 360° research approach that integrates both primary and secondary research methodologies. This ensures accuracy, reliability, and actionable insights for stakeholders. Our methodology for the Mobile Wallet Market comprises the following key stages:
Market Indicator & Macro-Factor Analysis
Our baseline thesis for the Mobile Wallet Market is developed by integrating key market indicators and macroeconomic variables. These include:
Factors considered while calculating market size and share
- User base and its growth rate
- Value and volume of transactions made through mobile wallets
- Overall market trends in the digital payment sector
- Geographical segmentation and penetration of mobile wallets in those regions
- Active number of users and frequency of usage
- Regulatory framework and policies related to digital payments and mobile wallets
- Number and types of services offered through mobile wallets.
Key Market Indicators
- Growth in smartphone users and internet connectivity
- Adoption rate of digital payments and mobile wallets
- Technological advancements and innovation in the mobile wallet industry
- Market competition and major players in the market
- Consumer behavior and preferences related to digital payments
- Government initiatives promoting cashless transactions and digital payments.
Growth Trends
- Increase in e-commerce and online shopping leading to a rise in use of mobile wallets for transactions
- Integration of advanced technologies such as blockchain, AI, and machine learning in mobile wallets
- Collaborations and partnerships between mobile wallet providers and other businesses
- Increased awareness and usage of contactless payments post-COVID-19 pandemic
- Expansion of mobile wallets into various services such as utility bill payments, recharges, etc.
- Government policies promoting digitalization and cashless economy.
Secondary Research
Our secondary research forms the foundation of market understanding and scope definition. We collect and analyze information from multiple reliable sources to map the overall ecosystem of the Mobile Wallet Market. Key inputs include:
- Annual reports, investor presentations, SEC filings
- Company press releases and product launch announcements
- Public executive interviews and earnings calls
- Strategy briefings and M&A updates
- Country-level industry associations and trade bodies
- Government dossiers, policy frameworks, and official releases
- Whitepapers, working papers, and public R&D initiatives
- Relevant Associations for the Mobile Wallet Market
- Broker reports and financial analyst coverage
- Paid databases (Hoovers, Factiva, Refinitiv, Reuters, Statista, etc.)
- Import/export trade data and tariff databases
- Sector-specific journals, magazines, and news portals
- Global macroeconomic indicators and their cascading effect on the industry
- Demand–supply outlook and value chain analysis
- Consumer behaviour, adoption rates, and commercialization trends
Primary Research
To validate and enrich our secondary findings, we conduct extensive primary research with industry stakeholders across the value chain. This ensures we capture both qualitative insights and quantitative validation. Our primary research includes:
- Key Opinion Leader (KOL) Engagements
- Structured interviews with executives, product managers, and domain experts
- Paid and barter-based interviews across manufacturers, distributors, and end-users
- Discussions with stakeholders to validate demand-supply gaps
- Group discussions on emerging technologies, regulatory shifts, and adoption barriers
- Cross-verification of market sizing and forecasts with industry insiders
- Capturing business perspectives on growth opportunities and restraints
Data Triangulation & Forecasting
The final step of our research involves data triangulation ensuring accuracy through cross-verification of:
- Demand-side analysis (consumption patterns, adoption trends, customer spending)
- Supply-side analysis (production, capacity, distribution, and market availability)
- Macroeconomic & microeconomic impact factors
- Time-series analysis
- Regression and correlation studies
- Baseline modeling
- Expert validation at each stage
Outcome
The outcome is a comprehensive and validated market model that captures:
- Market sizing (historical, current, forecast)
- Growth drivers and restraints
- Opportunity mapping and investment hotspots
- Competitive positioning and strategic insights
Available for purchase with detailed segment data, forecasts, and regional insights.
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