The latest update of “Global Proximity Payment Market” released by Stratagem Market Insights, forecasts further growth in the global supply and demand. The market report builds upon our previous iteration and the new release reinforces the sentiment that the 2021-2028 period is expected to be a promising period for the global Proximity Payment Market.
Overview of the Proximity Payment Market:
Proximity payments are mobile payments that takes place through a proximity technology such as Quick Response (QR) codes, Near Field Communication (NFC), Bluetooth technology, etc.
Growing adoption of smartphones coupled with the penetration of internet is a prime factor driving growth of the proximity payment market. According to the Zippia, Inc., there are 294.15 million smartphone users in the United States. 85% of American adults use smartphones. Approximately 47% of web traffic in the U.S. originated from mobile devices. Apple is the top smartphone in the U.S., with more than 113 million iPhone users. On the other hand, rise in data breaches and security concerns is expected to restrict growth of the proximity payment market.
Asia Pacific is expected to witness significant growth over the forecast period owing to the rapid digitalization in payment sector. According to the Kaspersky, the Asia Pacific (APAC) region is the largest contributor to global payments revenue, with analysts expecting the sector to exceed USD $1 trillion revenue by 2022 or 2023 because of rapid proliferation and adoption of digital payments
Key Developments:
- In March 2021, Axis Bank launched the country's first contactless wearable payment devices to allow customers to make on-the-go transactions more conveniently
- In October 2021, ICICI Bank announced the launch of a contactless payment service through its banking app, iMobile Pay that enables customers to tap their smartphones to pay at POS (Point of Sale) machines of merchant outlets.
- In October 2021, Infineon launches a new SECORA™ Pay portfolio on 40 nm technology with best in class contactless performance
- In September 2021, National Payments Corporation of India (NPCI) has partnered Yes Bank to launch RuPay On-the-Go. The novel contactless payments solutions will allow customers to make small and large value transactions using daily wear accessories. The product was launched at the Global Fintech Festival 2021, in association with fintech infrastructure partner Neokred and manufacturing partner Seshaasai.
- In September 2021, PT Bank CIMB Niaga Tbk (CIMB Niaga) and PT JCB International Indonesia (JCB), as subsidiaries of JCB International Co Ltd., launched the CIMB Niaga JCB Contactless Credit Card in Jakarta, Friday, 3 September 2021
- In September 2020, IDFC First Bank announced the launch of contactless debit card-based payment facility, SafePay, allowing transactions up to Rs 20,000 per day.
Market Estimation:
The data processed and validated in secondary and primary research is analyzed to compute market estimation statistics. It involves market breakdown, bottom-up, and top-down research. Our research team considers macroeconomic factors to forecast a comprehensive statistical time series. Each data point is validated through the process data triangulation method to derive the final market estimation.
COVID-19 Impact:
The updated report, free extract available, comes with an option to access premium features that covers extensive past, current, and future data. Other valuable updates to the global Proximity Payment Market report include a reviewed and refined pricing model for manufacturing and launch prices. The report incorporates new content to help give decision-makers key knowledge about the market and offers up-to-date forecasts accounting for the economic situation and impact of COVID-19.
Market Competition Assessment:
The Proximity Payment Market is observed as the most diversified and competitive market comprising a large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are
- ACI Worldwide, Inc.
- Alphabet Inc. (Google)
- Apple Inc.
- FIS
- IDEMIA
- Ingenico
- Mastercard
- PayPal Holdings Inc.
- Square, Inc.
- Visa Inc
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2028. For the purpose of this study, Stratagem Market Insights has segmented the global Proximity Payment Market report on the basis of Types, Applications, and Regions.
By Product Type, the market is primarily segmented into:
- Solution
- Hardware
- Software
- Service
By Applications, the market is segmented into:
- Grocery Stores
- Bars & Restaurants
- Drug Stores
- Entertainment Centers
- Others
The report covers the following Regions:
- North America
- Latin America
- Europe
- Asia Pacific
- Africa
- Middle East
Primary Research Insights:
The process of primary research starts with the verification and validation of every detail obtained in secondary research. This is done with the help of industry experts and in-house analysts who check the authentication of the data. Stratagem Market Insights also ensures that our research is not restricted by certain boundaries, which is why we consult each individual in the value chain including raw materials suppliers, local vendors, wholesale dealers, distributors, etc. We also make sure that every detail provided in the document will hold a certain value and it will not be trivial information. Moreover, current market trends, growth opportunities, drivers, and restraints are computed in primary research only.
The Report Sheds Light on Various Aspects of the Market, Some of the important ones are:
- What can be the best investment choices for venturing into new product and service lines?
- Which regions might see the demand maturing in certain segments in near future?
- Which government regulations might challenge the status of key regional markets?
- What are some of the value-grab opportunities in various segments?
- What will be the barrier to entry for new players in the market?
Why You Should Buy This Report:
- The report provides an all-inclusive environment of the analysis for the market
- In-depth secondary research and primary interviews
- Impact of various social, political, and economic factors
- Porter’s Five Forces Analysis
- Competitive Landscape
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Proximity Payment Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Proximity Payment Market Share by Application: 2021 VS 2028
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Proximity Payment Market
1.6.1 How the Covid-19 is Affecting the Proximity Payment Market
1.6.1.1 Proximity Payment Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Proximity Payment Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Global Growth Trends by Regions
2.1 Proximity Payment Market Perspective (2015-2028)
2.2 Proximity Payment Market Growth Trends by Regions
2.2.1 Proximity Payment Market Size by Regions: 2015 VS 2021 VS 2028
2.2.2 Proximity Payment Market Historic Market Share by Regions (2015-2021)
2.2.3 Proximity Payment Market Forecasted Market Size by Regions (2021-2028)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Proximity Payment Market Growth Strategy
2.3.6 Primary Interviews with Key Proximity Payment Market Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Proximity Payment Market Players by Market Size
3.1.1 Global Top Proximity Payment Market Players by Revenue (2015-2021)
3.1.2 Global Proximity Payment Market Revenue Market Share by Players (2015-2021)
3.1.3 Global Proximity Payment Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Proximity Payment Market Concentration Ratio
3.2.1 Global Proximity Payment Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Proximity Payment Market Revenue in 2019
3.3 Proximity Payment Market Key Players Head office and Area Served
3.4 Key Players Proximity Payment Market Product Solution and Service
3.5 Date of entering into Proximity Payment Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2028)
4.1 Global Proximity Payment Market Historic Market Size by Type (2015-2021)
4.2 Global Proximity Payment Market Forecasted Market Size by Type (2021-2028)
5 Proximity Payment Market Breakdown Data by Application (2015-2028)
5.1 Global Proximity Payment Market Size by Application (2015-2021)
5.2 Global Proximity Payment Market Forecasted Market Size by Application (2021-2028)
6 North America
6.1 North America Proximity Payment Market Size (2015-2021)
6.2 Proximity Payment Market Key Players in North America (2019-2021)
6.3 North America Proximity Payment Market Size by Type (2015-2021)
6.4 North America Proximity Payment Market Size by Application (2015-2021)
7 Europe
7.1 Europe Proximity Payment Market Size (2015-2021)
7.2 Proximity Payment Market Key Players in Europe (2019-2021)
7.3 Europe Proximity Payment Market Size by Type (2015-2021)
7.4 Europe Proximity Payment Market Size by Application (2015-2021)
8 China
8.1 China Proximity Payment Market Size (2015-2021)
8.2 Proximity Payment Market Key Players in China (2019-2021)
8.3 China Proximity Payment Market Size by Type (2015-2021)
8.4 China Proximity Payment Market Size by Application (2015-2021)
9 Japan
9.1 Japan Proximity Payment Market Size (2015-2021)
9.2 Proximity Payment Market Key Players in Japan (2019-2021)
9.3 Japan Proximity Payment Market Size by Type (2015-2021)
9.4 Japan Proximity Payment Market Size by Application (2015-2021)
10 Southeast Asia
10.1 Southeast Asia Proximity Payment Market Size (2015-2021)
10.2 Proximity Payment Market Key Players in Southeast Asia (2019-2021)
10.3 Southeast Asia Proximity Payment Market Size by Type (2015-2021)
10.4 Southeast Asia Proximity Payment Market Size by Application (2015-2021)
11 India
11.1 India Proximity Payment Market Size (2015-2021)
11.2 Proximity Payment Market Key Players in India (2019-2021)
11.3 India Proximity Payment Market Size by Type (2015-2021)
11.4 India Proximity Payment Market Size by Application (2015-2021)
12 Central & South America
12.1 Central & South America Proximity Payment Market Size (2015-2021)
12.2 Proximity Payment Market Key Players in Central & South America (2019-2021)
12.3 Central & South America Proximity Payment Market Size by Type (2015-2021)
12.4 Central & South America Proximity Payment Market Size by Application (2015-2021)
13 Key Players Profiles
13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Proximity Payment Market Introduction
13.4 Proximity Payment Market Business (2015-2021)
13.5 Recent Development
14 Analyst's Viewpoints/Conclusions
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details
List of Table
Table 1. Proximity Payment Market Key Market Segments
Table 2. Key Players Covered: Ranking by Proximity Payment Market Revenue
Table 3. Ranking of Global Top Proximity Payment Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Proximity Payment Market Size Growth Rate by Type (US$ Million): 2021 VS 2028
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Proximity Payment Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Proximity Payment Market Players to Combat Covid-19 Impact
Table 10. Global Proximity Payment Market Size Growth by Application (US$ Million): 2021 VS 2028
Table 11. Global Proximity Payment Market Size by Regions (US$ Million): 2021 VS 2028
Table 12. Global Proximity Payment Market Size by Regions (2015-2021) (US$ Million)
Table 13. Global Proximity Payment Market Share by Regions (2015-2021)
Table 14. Global Proximity Payment Market Forecasted Market Size by Regions (2021-2028) (US$ Million)
Table 15. Global Proximity Payment Market Share by Regions (2021-2028)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Proximity Payment Market Growth Strategy
Table 20. Main Points Interviewed from Key Proximity Payment Market Players
Table 21. Global Proximity Payment Market Revenue by Players (2015-2021) (Million US$)
Table 22. Global Proximity Payment Market Share by Players (2015-2021)
Table 23. Global Top Proximity Payment Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Proximity Payment Market as of 2019)
Table 24. Global Proximity Payment Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Proximity Payment Market Product Solution and Service
Table 27. Date of entering into Proximity Payment Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Proximity Payment Market Size by Type (2015-2021) (Million US$)
Table 30. Global Proximity Payment Market Size Share by Type (2015-2021)
Table 31. Global Proximity Payment Market Revenue Market Share by Type (2021-2028)
Table 31. Global Proximity Payment Market Size Share by Application (2015-2021)
Table 33. Global Proximity Payment Market Size by Application (2015-2021) (Million US$)
Table 34. Global Proximity Payment Market Size Share by Application (2021-2028)
Table 35. North America Key Players Proximity Payment Market Revenue (2019-2021) (Million US$)
Table 36. North America Key Players Proximity Payment Market Share (2019-2021)
Table 37. North America Proximity Payment Market Size by Type (2015-2021) (Million US$)
Table 38. North America Proximity Payment Market Share by Type (2015-2021)
Table 39. North America Proximity Payment Market Size by Application (2015-2021) (Million US$)
Table 40. North America Proximity Payment Market Share by Application (2015-2021)
Table 41. Europe Key Players Proximity Payment Market Revenue (2019-2021) (Million US$)
Table 42. Europe Key Players Proximity Payment Market Share (2019-2021)
Table 43. Europe Proximity Payment Market Size by Type (2015-2021) (Million US$)
Table 44. Europe Proximity Payment Market Share by Type (2015-2021)
Table 45. Europe Proximity Payment Market Size by Application (2015-2021) (Million US$)
Table 46. Europe Proximity Payment Market Share by Application (2015-2021)
Table 47. China Key Players Proximity Payment Market Revenue (2019-2021) (Million US$)
Table 48. China Key Players Proximity Payment Market Share (2019-2021)
Table 49. China Proximity Payment Market Size by Type (2015-2021) (Million US$)
Table 50. China Proximity Payment Market Share by Type (2015-2021)
Table 51. China Proximity Payment Market Size by Application (2015-2021) (Million US$)
Table 52. China Proximity Payment Market Share by Application (2015-2021)
Table 53. Japan Key Players Proximity Payment Market Revenue (2019-2021) (Million US$)
Table 54. Japan Key Players Proximity Payment Market Share (2019-2021)
Table 55. Japan Proximity Payment Market Size by Type (2015-2021) (Million US$)
Table 56. Japan Proximity Payment Market Share by Type (2015-2021)
Table 57. Japan Proximity Payment Market Size by Application (2015-2021) (Million US$)
Table 58. Japan Proximity Payment Market Share by Application (2015-2021)
Table 59. Southeast Asia Key Players Proximity Payment Market Revenue (2019-2021) (Million US$)
Table 60. Southeast Asia Key Players Proximity Payment Market Share (2019-2021)
Table 61. Southeast Asia Proximity Payment Market Size by Type (2015-2021) (Million US$)
Table 62. Southeast Asia Proximity Payment Market Share by Type (2015-2021)
Table 63. Southeast Asia Proximity Payment Market Size by Application (2015-2021) (Million US$)
Table 64. Southeast Asia Proximity Payment Market Share by Application (2015-2021)
Table 65. India Key Players Proximity Payment Market Revenue (2019-2021) (Million US$)
Table 66. India Key Players Proximity Payment Market Share (2019-2021)
Table 67. India Proximity Payment Market Size by Type (2015-2021) (Million US$)
Table 68. India Proximity Payment Market Share by Type (2015-2021)
Table 69. India Proximity Payment Market Size by Application (2015-2021) (Million US$)
Table 70. India Proximity Payment Market Share by Application (2015-2021)
Table 71. Central & South America Key Players Proximity Payment Market Revenue (2019-2021) (Million US$)
Table 72. Central & South America Key Players Proximity Payment Market Share (2019-2021)
Table 73. Central & South America Proximity Payment Market Size by Type (2015-2021) (Million US$)
Table 74. Central & South America Proximity Payment Market Share by Type (2015-2021)
Table 75. Central & South America Proximity Payment Market Size by Application (2015-2021) (Million US$)
Table 76. Central & South America Proximity Payment Market Share by Application (2015-2021)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Proximity Payment Market Business (2015-2021) (Million US$)
Table 81. Recent Development
List of Figures
Figure 1. Global Proximity Payment Market Share by Type: 2021 VS 2028
Figure 2. Global Proximity Payment Market Share by Application: 2021 VS 2028
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Proximity Payment Market Report Years Considered
Figure 8. Global Proximity Payment Market Size YoY Growth 2015-2028 (US$ Million)
Figure 9. Global Proximity Payment Market Share by Regions: 2021 VS 2028
Figure 10. Global Proximity Payment Market Share by Regions (2021-2028)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Proximity Payment Market Share by Players in 2019
Figure 13. Global Top Proximity Payment Market Players by Company Type (Tier 1, Tier 2, and Tier 3) (based on the Revenue in Proximity Payment Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Proximity Payment Market Revenue in 2019
Figure 15. North America Proximity Payment Market Size YoY Growth (2015-2021) (Million US$)
Figure 16. Europe Proximity Payment Market Size YoY Growth (2015-2021) (Million US$)
Figure 17. China Proximity Payment Market Size YoY Growth (2015-2021) (Million US$)
Figure 18. Japan Proximity Payment Market Size YoY Growth (2015-2021) (Million US$)
Figure 19. Southeast Asia Proximity Payment Market Size YoY Growth (2015-2021) (Million US$)
Figure 20. India Proximity Payment Market Size YoY Growth (2015-2021) (Million US$)
Figure 21. Central & South America Proximity Payment Market Size YoY Growth (2015-2021) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed
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