The latest study released on the Global Proximity Payment Market by HTF MI Research evaluates market size, trend, and forecast to 2030. The Proximity Payment market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analysed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Key Players in This Report Include:
FIS (United States), Gemalto (Thales Group) (Netherlands), Mastercard (United States), Alipay (China), Visa (United States), Apple (United States), Google (United States), Samsung Electronics (South Korea), Bharti Airtel (India), American Express (United States) are some of the key players that are part of study coverage. Additionally, the players who are also part of the research coverage are Bank of America (United States), LevelUp (Grubhub Inc.) (United States), MobiKwik (India), Venmo (United States).
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Definition:
The proximity payment market refers to the industry involved in transactions where payment is made by bringing a payment device (such as a smartphone, smartwatch, or contactless card) close to a point-of-sale terminal equipped with near-field communication (NFC) technology. These payments are typically quick, convenient, and secure, as they rely on NFC to transmit payment information over short distances.
“In April 2022, Mastercard announced a partnership with Verizon to enable 5G-powered contactless payments.”
“In September 2022, Apple launched Apple Pay Later, a new service that allows users to split purchases into four equal payments over six weeks with no interest or fees.”
Market Drivers:
- convenience and widespread adoption of smartphones
Market Opportunity:
- security advancements and the growth of e-commerce
Market Challenges:
- security concerns and lack of standardization and interoperability
Major Highlights of the Proximity Payment Market report released by HTF MI
Global Proximity Payment Market Breakdown by Application (Grocery Stores, Bars & Restaurants, Drug Stores, Entertainment Centers, Others) by Offering (Solution, Service) by Technology (NFC, QR Codes, Magnetic Secure Transmission (MST)) and by Geography (North America, South America, Europe, Asia Pacific, MEA)
Global Proximity Payment market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Objectives of the Report
- To carefully analyze and forecast the size of the Proximity Payment market by value and volume.
- To estimate the market shares of major segments of the Proximity Payment
- To showcase the development of the Proximity Payment market in different parts of the world.
- To analyze and study micro-markets in terms of their contributions to the Proximity Payment market, their prospects, and individual growth trends.
- To offer precise and useful details about factors affecting the growth of the Proximity Payment
- To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Proximity Payment market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
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Major highlights from Table of Contents:
Proximity Payment Market Study Coverage:
- It includes major manufacturers, emerging player’s growth story, and major business segments of Proximity Payment market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
- Proximity Payment Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
- Proximity Payment Market Production by Region Proximity Payment Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
- Key Points Covered in Proximity Payment Market Report:
- Proximity Payment Overview, Definition and Classification Market drivers and barriers
- Proximity Payment Market Competition by Manufacturers
- Proximity Payment Capacity, Production, Revenue (Value) by Region (2024-2030)
- Proximity Payment Supply (Production), Consumption, Export, Import by Region (2024-2030)
- Proximity Payment Production, Revenue (Value), Price Trend by Type {by Offering (Solution, Service) by Technology (NFC, QR Codes, Magnetic Secure Transmission (MST))}
- Proximity Payment Market Analysis by Application {Grocery Stores, Bars & Restaurants, Drug Stores, Entertainment Centers, Others}
- Proximity Payment Manufacturers Profiles/Analysis Proximity Payment Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
- Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
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Key questions answered
- How feasible is Proximity Payment market for long-term investment?
- What are influencing factors driving the demand for Proximity Payment near future?
- What is the impact analysis of various factors in the Global Proximity Payment market growth?
- What are the recent trends in the regional market and how successful they are?
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