As the global economy recovers in 2021 and the supply of the industrial chain improves, the Proximity Payment market will undergo major changes. The global proximity payment market size is expected to reach over US$ 42.72 billion by 2030 from at US$ 13.97 billion in 2021, poised to grow at a noteworthy CAGR of 13.2% over forecast period 2022 to 2030.
The global Proximity Payment industry report provides top-notch qualitative and quantitative information including: Market size (2018-2022 value and 2023 forecast). The report also contains descriptions of key players, including key financial indicators and market competitive pressure analysis.
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The demand for Internet-of-Things (IoT) technology and services are growing globally, especially around applications within the healthcare, energy, transport, public sector, and manufacturing industries. Many countries have led to the emergence of IoT/smart city projects.
The U.S. accounted for the major share in the global landscape in technology innovation. As per the World Economic Forum’s 2018 Global Competitive Index, the country’s competitive advantage is owing to its business vitality, substantial institutional pillars, financing agencies, and vibrant innovation ecosystem.
The report also assesses key opportunities in the market and outlines the factors that are and will drive the growth of the industry. Taking into account previous growth patterns, growth drivers, and current and future trends, we also forecast the overall growth of the global Proximity Payment market during the next few years. Market research reports are an essential resource for businesses seeking to maximize the market potential. The report provides extensive data, insights, and analysis to enable businesses to make informed decisions, drive growth, and achieve success.
Highlights-Regions
The Proximity Payment market can be split based on product types, major applications, and important regions as follows:
North America
Europe
China
Japan
Southeast Asia
India
Korea
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Player list
ACI Worldwide Inc.
Alphabet Inc.
Apple Inc.
FIS
IDEMIA
Ingenico
Mastercard
PayPal Holdings Inc.
Square Inc.
Visa Inc.
Types list
Solution
Service
Application list
Grocery Stores
Bars & Restaurants
Drug Stores
Entertainment Centers
Others
Some of the Key Questions Answered in this Report:
- What will be the market size and the growth rate by the end of the forecast period?
- What are the key Player trends impacting the growth of the market?
- What are the potential growth opportunities and threats faced by the leading competitors in the market?
- What are the key outcomes of Porter’s five forces analysis and the SWOT analysis of the key players functioning in the global Market?
- This report gives all the information regarding industry Overview, analysis and revenue of this market.
- What are the market opportunities and threats faced by the vendors in the global Market?
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