Product Code: ETC011628 | Publication Date: Jul 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Indonesia Wallet market currently, in 2023, has witnessed an HHI of 2453, Which has decreased slightly as compared to the HHI of 3434 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Indonesia wallet market is anticipated to grow at a healthy CAGR of 20.10% during theperiod (2020-2026). Thein the number of smartphone and internet users an increase in digital payments rising disposable incomes changing lifestyles are some factors driving theof this market. Further increasing investments by leadingsuch as Go-Jek and GrabPay also provide opportunities for further expansion.
Growing smartphone and internet penetration ? The growing adoption of smartphones among consumers has increased usage of mobile wallets and online payment gateways. According to Statista Indonesia had over 176 million active social media users in 2019 which accounted for more than 50% of its population; this trend is likely to continue throughout 2020-2026. This high rate of internet penetration has opened up new avenues for digital payments through mobile wallets or bank transfers. Increase in Digital Payments ? With the rise in demand for cashless transactions due to convenience safety concerns related to physical currency exchange amidst Covid-19 pandemic there has been an increase in digital payments using Point Of Sale (POS) terminals or other eCommerce platforms across various industries including retailingthat drives wallet marketsignificantly during theperiod 2020-2026. Investments from Leading- Rapid advancements have attracted investors attention towards Indonesia markets resulting into influx of funds from large organizations like Gojek GrabPay adding momentum into Wallet Market within Indonesia region duringperiod 2020-2026.
Low Awareness about Security Features? Despite being highly advanced technologically compared with other countriesstill majority people lack awareness about security features associated with Electronic Money Transactions thus making them vulnerable against cyber crimes thereby posing challenge towards overall Wallet Marketwithin Indonesia Region duringPeriod 2020 - 2026.
Major players operating in the Indonesia wallet market include OVOGopay by GojekJenius by Bank BTPNDANALinkAja etc.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Indonesia Wallet Market Overview |
3.1 Indonesia Country Macro Economic Indicators |
3.2 Indonesia Wallet Market Revenues & Volume, 2020 & 2030F |
3.3 Indonesia Wallet Market - Industry Life Cycle |
3.4 Indonesia Wallet Market - Porter's Five Forces |
3.5 Indonesia Wallet Market Revenues & Volume Share, By Product Type, 2020 & 2030F |
3.6 Indonesia Wallet Market Revenues & Volume Share, By Material, 2020 & 2030F |
3.7 Indonesia Wallet Market Revenues & Volume Share, By Gender, 2020 & 2030F |
3.8 Indonesia Wallet Market Revenues & Volume Share, By Distribution Channel, 2020 & 2030F |
4 Indonesia Wallet Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Indonesia Wallet Market Trends |
6 Indonesia Wallet Market, By Types |
6.1 Indonesia Wallet Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Indonesia Wallet Market Revenues & Volume, By Product Type, 2020-2030F |
6.1.3 Indonesia Wallet Market Revenues & Volume, By Short Wallet, 2020-2030F |
6.1.4 Indonesia Wallet Market Revenues & Volume, By Long Wallet, 2020-2030F |
6.2 Indonesia Wallet Market, By Material |
6.2.1 Overview and Analysis |
6.2.2 Indonesia Wallet Market Revenues & Volume, By Leather, 2020-2030F |
6.2.3 Indonesia Wallet Market Revenues & Volume, By Fabric, 2020-2030F |
6.3 Indonesia Wallet Market, By Gender |
6.3.1 Overview and Analysis |
6.3.2 Indonesia Wallet Market Revenues & Volume, By Men, 2020-2030F |
6.3.3 Indonesia Wallet Market Revenues & Volume, By Women, 2020-2030F |
6.3.4 Indonesia Wallet Market Revenues & Volume, By Kids, 2020-2030F |
6.4 Indonesia Wallet Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Indonesia Wallet Market Revenues & Volume, By Online, 2020-2030F |
6.4.3 Indonesia Wallet Market Revenues & Volume, By Offline, 2020-2030F |
7 Indonesia Wallet Market Import-Export Trade Statistics |
7.1 Indonesia Wallet Market Export to Major Countries |
7.2 Indonesia Wallet Market Imports from Major Countries |
8 Indonesia Wallet Market Key Performance Indicators |
9 Indonesia Wallet Market - Opportunity Assessment |
9.1 Indonesia Wallet Market Opportunity Assessment, By Product Type, 2020 & 2030F |
9.2 Indonesia Wallet Market Opportunity Assessment, By Material, 2020 & 2030F |
9.3 Indonesia Wallet Market Opportunity Assessment, By Gender, 2020 & 2030F |
9.4 Indonesia Wallet Market Opportunity Assessment, By Distribution Channel, 2020 & 2030F |
10 Indonesia Wallet Market - Competitive Landscape |
10.1 Indonesia Wallet Market Revenue Share, By Companies, 2023 |
10.2 Indonesia Wallet Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |