Global Proximity Mobile Payment Market Growth (Status and Outlook) 2024-2030

Publication ID:

LPI03251995

Publication Date:

March 14, 2024

Pages:

116

Publisher:

LPI

Countries:

Global [1]

USD 3,660.00

IT Services [2]

Software [3]

Computing & Electronics [4]

Description:

The global Proximity Mobile Payment market size was valued at US$ 13360 million in 2023. With growing demand in downstream market, the Proximity Mobile Payment is forecast to a readjusted size of US$ 43310 million by 2030 with a CAGR of 18.3% during review period.
The research report highlights the growth potential of the global Proximity Mobile Payment market. Proximity Mobile Payment are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Proximity Mobile Payment. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Proximity Mobile Payment market.
Mobile payment generally refers to payment services operated under financial regulation and performed from or via a mobile device. This report studies the Proximity Mobile Payment.
Real-time transaction processing, flexibility of payment devices, reduced transaction time, and increased convenience are some of the major benefits offered by the proximity payments market, driving the market growth. Moreover, mass adoption of proximity payments by merchants, rising smartphone usage, and surge in faster connections enabling retailers and customers to make proximity payments via smartphones are driving the growth of the market. However, rising data breaches and difficulties in point-of-sale (POS) terminal replacement process hamper the market growth. On the contrary, developing economies present significant opportunities for proximity payment companies to expand their product range owing to factors such as growing middle class, rapid urbanization, rising literacy levels, and rising tech-savvy youth generation. Furthermore, the development and growth of initiatives to digitize payments is expected to provide potential growth opportunities for the market.
Key Features:
The report on Proximity Mobile Payment market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Proximity Mobile Payment market. It may include historical data, market segmentation by Type (e.g., Near Field Communication, Barcodes), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Proximity Mobile Payment market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Proximity Mobile Payment market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Proximity Mobile Payment industry. This include advancements in Proximity Mobile Payment technology, Proximity Mobile Payment new entrants, Proximity Mobile Payment new investment, and other innovations that are shaping the future of Proximity Mobile Payment.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Proximity Mobile Payment market. It includes factors influencing customer ' purchasing decisions, preferences for Proximity Mobile Payment product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Proximity Mobile Payment market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Proximity Mobile Payment market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Proximity Mobile Payment market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Proximity Mobile Payment industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Proximity Mobile Payment market.
Market Segmentation:
Proximity Mobile Payment market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Segmentation by type
Near Field Communication
Barcodes
Segmentation by application
Department Store
Supermarket
Convenience Store
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Samsung Electronics
Visa
Apple
Alphabet
Square
ACI
PayPal
Starbucks
Mastercard
CVS

Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.

Table Of Contents:

1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Proximity Mobile Payment Market Size 2019-2030
2.1.2 Proximity Mobile Payment Market Size CAGR by Region 2019 VS 2023 VS 2030
2.2 Proximity Mobile Payment Segment by Type
2.2.1 Near Field Communication
2.2.2 Barcodes
2.3 Proximity Mobile Payment Market Size by Type
2.3.1 Proximity Mobile Payment Market Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global Proximity Mobile Payment Market Size Market Share by Type (2019-2024)
2.4 Proximity Mobile Payment Segment by Application
2.4.1 Department Store
2.4.2 Supermarket
2.4.3 Convenience Store
2.4.4 Other
2.5 Proximity Mobile Payment Market Size by Application
2.5.1 Proximity Mobile Payment Market Size CAGR by Application (2019 VS 2023 VS 2030)
2.5.2 Global Proximity Mobile Payment Market Size Market Share by Application (2019-2024)
3 Proximity Mobile Payment Market Size by Player
3.1 Proximity Mobile Payment Market Size Market Share by Players
3.1.1 Global Proximity Mobile Payment Revenue by Players (2019-2024)
3.1.2 Global Proximity Mobile Payment Revenue Market Share by Players (2019-2024)
3.2 Global Proximity Mobile Payment Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Proximity Mobile Payment by Regions
4.1 Proximity Mobile Payment Market Size by Regions (2019-2024)
4.2 Americas Proximity Mobile Payment Market Size Growth (2019-2024)
4.3 APAC Proximity Mobile Payment Market Size Growth (2019-2024)
4.4 Europe Proximity Mobile Payment Market Size Growth (2019-2024)
4.5 Middle East & Africa Proximity Mobile Payment Market Size Growth (2019-2024)
5 Americas
5.1 Americas Proximity Mobile Payment Market Size by Country (2019-2024)
5.2 Americas Proximity Mobile Payment Market Size by Type (2019-2024)
5.3 Americas Proximity Mobile Payment Market Size by Application (2019-2024)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Proximity Mobile Payment Market Size by Region (2019-2024)
6.2 APAC Proximity Mobile Payment Market Size by Type (2019-2024)
6.3 APAC Proximity Mobile Payment Market Size by Application (2019-2024)
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Proximity Mobile Payment by Country (2019-2024)
7.2 Europe Proximity Mobile Payment Market Size by Type (2019-2024)
7.3 Europe Proximity Mobile Payment Market Size by Application (2019-2024)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Proximity Mobile Payment by Region (2019-2024)
8.2 Middle East & Africa Proximity Mobile Payment Market Size by Type (2019-2024)
8.3 Middle East & Africa Proximity Mobile Payment Market Size by Application (2019-2024)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global Proximity Mobile Payment Market Forecast
10.1 Global Proximity Mobile Payment Forecast by Regions (2025-2030)
10.1.1 Global Proximity Mobile Payment Forecast by Regions (2025-2030)
10.1.2 Americas Proximity Mobile Payment Forecast
10.1.3 APAC Proximity Mobile Payment Forecast
10.1.4 Europe Proximity Mobile Payment Forecast
10.1.5 Middle East & Africa Proximity Mobile Payment Forecast
10.2 Americas Proximity Mobile Payment Forecast by Country (2025-2030)
10.2.1 United States Proximity Mobile Payment Market Forecast
10.2.2 Canada Proximity Mobile Payment Market Forecast
10.2.3 Mexico Proximity Mobile Payment Market Forecast
10.2.4 Brazil Proximity Mobile Payment Market Forecast
10.3 APAC Proximity Mobile Payment Forecast by Region (2025-2030)
10.3.1 China Proximity Mobile Payment Market Forecast
10.3.2 Japan Proximity Mobile Payment Market Forecast
10.3.3 Korea Proximity Mobile Payment Market Forecast
10.3.4 Southeast Asia Proximity Mobile Payment Market Forecast
10.3.5 India Proximity Mobile Payment Market Forecast
10.3.6 Australia Proximity Mobile Payment Market Forecast
10.4 Europe Proximity Mobile Payment Forecast by Country (2025-2030)
10.4.1 Germany Proximity Mobile Payment Market Forecast
10.4.2 France Proximity Mobile Payment Market Forecast
10.4.3 UK Proximity Mobile Payment Market Forecast
10.4.4 Italy Proximity Mobile Payment Market Forecast
10.4.5 Russia Proximity Mobile Payment Market Forecast
10.5 Middle East & Africa Proximity Mobile Payment Forecast by Region (2025-2030)
10.5.1 Egypt Proximity Mobile Payment Market Forecast
10.5.2 South Africa Proximity Mobile Payment Market Forecast
10.5.3 Israel Proximity Mobile Payment Market Forecast
10.5.4 Turkey Proximity Mobile Payment Market Forecast
10.5.5 GCC Countries Proximity Mobile Payment Market Forecast
10.6 Global Proximity Mobile Payment Forecast by Type (2025-2030)
10.7 Global Proximity Mobile Payment Forecast by Application (2025-2030)

11 Key Players Analysis
11.1 Samsung Electronics
11.1.1 Samsung Electronics Company Information
11.1.2 Samsung Electronics Proximity Mobile Payment Product Offered
11.1.3 Samsung Electronics Proximity Mobile Payment Revenue, Gross Margin and Market Share (2019-2024)
11.1.4 Samsung Electronics Main Business Overview
11.1.5 Samsung Electronics Latest Developments
11.2 Visa
11.2.1 Visa Company Information
11.2.2 Visa Proximity Mobile Payment Product Offered
11.2.3 Visa Proximity Mobile Payment Revenue, Gross Margin and Market Share (2019-2024)
11.2.4 Visa Main Business Overview
11.2.5 Visa Latest Developments
11.3 Apple
11.3.1 Apple Company Information
11.3.2 Apple Proximity Mobile Payment Product Offered
11.3.3 Apple Proximity Mobile Payment Revenue, Gross Margin and Market Share (2019-2024)
11.3.4 Apple Main Business Overview
11.3.5 Apple Latest Developments
11.4 Alphabet
11.4.1 Alphabet Company Information
11.4.2 Alphabet Proximity Mobile Payment Product Offered
11.4.3 Alphabet Proximity Mobile Payment Revenue, Gross Margin and Market Share (2019-2024)
11.4.4 Alphabet Main Business Overview
11.4.5 Alphabet Latest Developments
11.5 Square
11.5.1 Square Company Information
11.5.2 Square Proximity Mobile Payment Product Offered
11.5.3 Square Proximity Mobile Payment Revenue, Gross Margin and Market Share (2019-2024)
11.5.4 Square Main Business Overview
11.5.5 Square Latest Developments
11.6 ACI
11.6.1 ACI Company Information
11.6.2 ACI Proximity Mobile Payment Product Offered
11.6.3 ACI Proximity Mobile Payment Revenue, Gross Margin and Market Share (2019-2024)
11.6.4 ACI Main Business Overview
11.6.5 ACI Latest Developments
11.7 PayPal
11.7.1 PayPal Company Information
11.7.2 PayPal Proximity Mobile Payment Product Offered
11.7.3 PayPal Proximity Mobile Payment Revenue, Gross Margin and Market Share (2019-2024)
11.7.4 PayPal Main Business Overview
11.7.5 PayPal Latest Developments
11.8 Starbucks
11.8.1 Starbucks Company Information
11.8.2 Starbucks Proximity Mobile Payment Product Offered
11.8.3 Starbucks Proximity Mobile Payment Revenue, Gross Margin and Market Share (2019-2024)
11.8.4 Starbucks Main Business Overview
11.8.5 Starbucks Latest Developments
11.9 Mastercard
11.9.1 Mastercard Company Information
11.9.2 Mastercard Proximity Mobile Payment Product Offered
11.9.3 Mastercard Proximity Mobile Payment Revenue, Gross Margin and Market Share (2019-2024)
11.9.4 Mastercard Main Business Overview
11.9.5 Mastercard Latest Developments
11.10 CVS
11.10.1 CVS Company Information
11.10.2 CVS Proximity Mobile Payment Product Offered
11.10.3 CVS Proximity Mobile Payment Revenue, Gross Margin and Market Share (2019-2024)
11.10.4 CVS Main Business Overview
11.10.5 CVS Latest Developments
12 Research Findings and Conclusion

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