Proximity Payment Market Report Providing Detailed Information of Latest Market Figures And Key Players | ACI Worldwide, Inc., Alphabet Inc. (Google), Apple Inc.

Report Ocean releases its latest report on the global Proximity Payment Market. A combination of information gathered from first-hand sources, qualitative and quantitative assessments of industry analysts, and insights from experts and participants across the value chain is used to calculate the global Proximity Payment Market.

The global proximity payment market is forecast to grow at a compound annual growth rate (CAGR) of more than 11.2% during the forecast period from 2021-2030, and the market's value anticipates to reach US$46.5 billion by 2030.

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Factors Affecting

The proximity payment market offers real-time transaction processing, the flexibility of payment devices, reduced transaction time, and increased convenience. In addition, the massive adoption of proximity payment among merchants, increased smartphone usage, and faster connectivity have enabled retailers and customers to perform proximity payments via their smartphones.

There is a growing number of data breaches and a problem of replacing point-of-sale terminals, which hampers the market growth.

Due to urbanization, literacy levels, and an increase in tech-savvy youth generation, developing economies offer significant opportunities for proximity payment companies to expand their offerings.

The market could see growth due to developments and initiatives aimed at digitizing payments.

The reports include an in-depth analysis of macroeconomic indicators, market trends, and underlying factors, as well as market attractiveness by segment. The reports include a qualitative impact map of different market factors. COVID-19 (Corona Virus) had an impact on the product industry chain based on upstream and downstream markets, on regions and countries, and the future development of the industry.

The reports on the Global Proximity Payment Market provide readers with a better understanding of the market and competitive landscape to support better decision-making. Report contents include an overview of participants, revenue results, sales volume, gross margin, capital investment, and global Proximity Payment Market growth rates.

Researchers gather and validate the market size and demand information with market experts. They also examine the geographical distribution of the Proximity Payment Market. Top manufacturers, distributors, traders, and dealers use these market studies to gain insights into the industry. It will provide an overview of the product, the market, the driving forces, the risks and opportunities, and the research findings.

Impact Analysis of COVID-19

A detailed study of Covid-19 impacts the Proximity Payment Market is provided in the report.

The World Health Organization has declared Covid-19 a global health emergency due to its impact on thousands of people worldwide. The Coronavirus disease, which already affects these groups, had affected Proximity Payment Market segments.

While the death toll continues to climb, the economic damage is already evident, making this the world's worst economic shock in decades.

Chaos can lead to several undesirable outcomes, including restaurant closings, flight cancellations, travel restrictions, indoor event venues losing permits, customer confidence eroding, stock markets fluctuating, and citizens becoming anxious.

The report extensively examines the fundamental aspects of the Global Proximity Payment Market, including its future prospects and competitive landscape. The Porter's Five Forces analysis of the Proximity Payment Market provides insight into the factors influencing its growth. This market study breaks down the Proximity Payment Market into segments, regions, and players in order to present an accurate picture of the current market environment. The study also includes macroeconomic and microeconomic analyses. Several graphs and charts appear in the report effectively.

Regional Overview

An analysis of the Proximity Payment Market at the country level looks at segments classified as potentially high-growth, countries with the largest market share, and countries with the best growth prospects. Among the regional breakdowns in the Proximity Payment Market study are North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), Other countries.

Leading Competitors

The leading prominent competitors in the global Proximity Payment Market are:

ACI Worldwide, Inc. (United Kingdom)
Alphabet Inc. (Google) (United States)
Apple Inc. (United States) 
Amazon.com Inc (Unites States)
Mastercard PLC (United States)
FIS (United States) 
IDEMIA (France)
Ingenico (France)
PayPal Holdings Inc. (United States)
American Express Co. (United States)
Square, Inc. (United States)
Visa Inc. (United States)

Scope of the Report
The global Proximity Payment Market segmentation focuses on:

Segmentation based on Offering
Solution
Hardware
Software
Service

Segmentation based on Application
Grocery Stores
Bars & Restaurants
Drug Stores
Entertainment Centers

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This release was published on openPR.