Outlook on the Proximity Payment Global Market to 2030 – Opportunity Analysis and Industry Forecasts
Dublin, Nov. 25, 2021 (GLOBE NEWSWIRE) — The “Proximity Payment Market by Offering and Application: Global Opportunity Analysis and Industry Forecast, 2021-2030” report has been added to ResearchAndMarkets.com’s offering.
Proximity payments are mobile payments in which the payer and the payee are in the same location and encompass payments that are both customer-to-business and person-to-person. In addition, while executing proximity payment, communication between devices takes place through a proximity technology such as Near Field Communication (NFC), Quick Response (QR) codes, and Bluetooth technology. Furthermore, unlike mobile payments that are executed through the internet, proximity payments are carried out in close physical proximity preventing unauthorized access to payment information during the transactions.
With evolving technologies, smartphones are increasingly available at reasonable prices and are being affordable for customers, which promote the proximity payment market growth. In addition, massive adoptions of proximity payments channel among merchants and numerous benefits provided by proximity payments drives the market growth. These factors notably contribute toward the growth of the global proximity payment market. However, risk in data breaches and security issues while conducting payments and difficulties in the replacement process of point-of-sale (POS) terminal are some of the factors that hamper the market growth. On the contrary, payment industry is introducing a gradual shift toward a digital economy across several countries. In addition, the growing adoption of proximity payment market across emerging economies and rapid digitalization in payments sector are expected to provide lucrative opportunities for the market growth in the coming years.
The proximity payment market is segmented into offering, application, and region. By offering, the market is bifurcated into solution and service. The solutions segment is further segregated into hardware and software. Applications covered in the study include grocery stores, bars & restaurants, drug stores, entertainment centers, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyzes the top proximity payment companies operating in the market such as ACI Worldwide, Inc., Alphabet Inc. (Google), Apple Inc., FIS, IDEMIA, Ingenico, Mastercard, PayPal Holdings Inc., Square, Inc., and Visa Inc.. These players have adopted various strategies to increase their market penetration and strengthen their position in the proximity payment industry.
Key Benefits for Stakeholders
- The study provides in-depth analysis of the global proximity payment market along with the current trends and future estimations to illustrate the imminent investment pockets.
- Information about key drivers, restrains, & opportunities and their impact analysis on the global proximity payment market size are provided in the report.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the global proximity payment market from 2021 to 2030 is provided to determine the market potential.
Key Topics Covered:
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key forces shaping global proximity payment market
3.3. Basic Architecture of a Proximity M-Payment System
3.4. Proximity Payment Processing Cycle
3.5. Impact of government regulations on the global proximity payment market
3.6. Market dynamics
3.6.1. Drivers
3.6.1.1. Increased penetration of smartphones and access to high-speed internet
3.6.1.2. Massive adoption of proximity payments among merchants
3.6.1.3. Numerous benefits provided by proximity payments
3.6.2. Restraint
3.6.2.1. Difficulties in the replacement process of point-of-sale (POS) terminal
3.6.2.2. Rise in data breaches and security issues while conducting payments
3.6.3. Opportunity
3.6.3.1. Surge in adoption of proximity payments payment in emerging countries
3.6.3.2. Rapid digitalization in payments sector
3.7. Patent analysis
3.7.1. By region (2000-2020)
3.7.2. By applicant
3.8. COVID-19 impact analysis on proximity payment market
3.8.1. Impact on proximity payment market size
3.8.2. Consumer trends, preferences, and budget impact
3.8.3. Framework for market challenges faced by proximity payment providers
3.8.4. Economic impact on proximity payment providers
3.8.5. Key player strategies to tackle negative impact on the industry
3.8.6. Opportunity analysis for proximity payment providers
CHAPTER 4: PROXIMITY PAYMENT MARKET, BY OFFERING
4.1. Overview
4.2. Solution
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country
4.2.4. Proximity payment market, by solution
4.2.4.1. Hardware
4.2.4.1.1. Market size and forecast, by region
4.2.4.1.2. Market analysis, by country
4.2.4.2. Software
4.2.4.2.1. Market size and forecast, by region
4.2.4.2.2. Market analysis, by country
4.3. Service
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country
CHAPTER 5: PROXIMITY PAYMENT MARKET, BY APPLICATION
5.1. Overview
5.2. Grocery Stores
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis, by country
5.3. Bars & Restaurants
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis, by country
5.4. Drug Stores
5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis, by country
5.5. Entertainment Centers
5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market analysis, by country
5.6. Others
5.6.1. Key market trends, growth factors, and opportunities
5.6.2. Market size and forecast, by region
5.6.3. Market analysis, by country
CHAPTER 6: PROXIMITY PAYMENT MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
7.1. Introduction
7.1.1. Market player positioning, 2020
7.2. Competitive dashboard
7.2.1. Top winning strategies
CHAPTER 8: COMPANY PROFILES
8.1. ACI Worldwide, Inc.
8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Product portfolio
8.1.4. Business performance
8.1.5. Key strategic moves and developments
8.2. Alphabet Inc. (Google)
8.2.1. Company overview
8.2.2. Key executive
8.2.3. Company snapshot
8.2.4. Operating business segments
8.2.5. Product portfolio
8.2.6. R&D expenditure
8.2.7. Business performance
8.3. APPLE INC.
8.3.1. Company overview
8.3.2. Key executives
8.3.3. Company snapshot
8.3.4. Product portfolio
8.3.5. R&D expenditure
8.3.6. Business performance
8.4. FIS
8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Operating business segments
8.4.4. Product portfolio
8.4.5. Business performance
8.4.6. Key strategic moves and developments
8.5. IDEMIA
8.5.1. Company overview
8.5.2. Key executives
8.5.3. Company snapshot
8.5.4. Product portfolio
8.6. INGENICO
8.6.1. Company overview
8.6.2. Key Executives
8.6.3. Company snapshot
8.6.4. Product portfolio
8.6.5. Key strategic moves and developments
8.7. Mastercard
8.7.1. Company overview
8.7.2. Key executives
8.7.3. Company snapshot
8.7.4. Operating business segments
8.7.5. Product portfolio
8.7.6. Business performance
8.7.7. Key strategic moves and developments
8.8. PayPal Holdings Inc.
8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Operating business segments
8.8.4. Product portfolio
8.8.5. Business performance
8.8.6. Key strategic moves and developments
8.9. SQUARE, INC.
8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Product portfolio
8.9.4. Business performance
8.9.5. Key strategic moves and developments
8.10. Visa Inc.
8.10.1. Company overview
8.10.2. Key Executives
8.10.3. Company snapshot
8.10.4. Product portfolio
8.10.5. Business performance
For more information about this report visit https://www.researchandmarkets.com/r/efbiey
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