Global QR Code Payments Market Outlook 2025-2034: Trends, Innovations, And Future Outlook

The QR Code Payments Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the QR Code Payments Market Size and Projected Growth Rate?
The QR code payments market has expanded rapidly in recent years. It will rise from $14.74 billion in 2024 to $17.66 billion in 2025 at a CAGR of 19.8%. The growth is attributed to the extension of QR codes from the automotive sector to payment industries, the demand for touchless transactions during the COVID-19 pandemic, the adoption of QR code payments by restaurants, retailers, and merchants, and the increasing use of smartphones and faster internet connectivity.

The QR code payments market is forecasted to grow to $36.07 billion by 2029 at a CAGR of 19.5%. Factors driving this growth include the increasing adoption of QR code payments, consumer preference for contactless payment, support from smartphone manufacturers and app developers, and the need for secure, hassle-free transactions. Key trends include standardized QR code formats, technological advancements, government initiatives, and integration with augmented reality and virtual reality.

Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=16165

What Are the Major Segments in the QR Code Payments Market?
The QR code payments market covered in this report is segmented -

1) By Offering: QR Code Payment As Solution, QR Code Payment As Services
2) By Payment Type: QR Code Payment As Push Payment, QR Code Payment As Pull Payment
3) By Transaction Chanel: QR Code Payment For Face-To-Face, QR Code Payment For Remote
4) By End User: QR Code Payment For Restaurant, QR Code Payment For Retail And E-Commerce, QR Code Payment For E-Ticket Booking, QR Code Payment For Others

Subsegments:
1) By Qr Code Payment As Solution: Qr Code Payment Gateways, Qr Code Payment Software, Mobile Payment Applications (Qr Code-Enabled), Point-Of-Sale (Pos) Systems With Qr Code Integration, Qr Code Generation Tools
2) By Qr Code Payment As Services: Payment Processing Services, Merchant Onboarding And Setup Services, Transaction Verification Services, Security And Fraud Prevention Services, Customer Support Services

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16165&type=smp

What Are The Driving QR Code Payments Market Evolution?
The increasing importance of digitalization is expected to propel the QR code payments market. Digitalization involves converting information into a digital format for quick processing, storage, and transmission. This enables businesses to offer personalized and convenient experiences, improving customer satisfaction. QR code payments are an essential part of this digital transformation, providing secure and convenient payment methods. In February 2024, gov.UK reported that the digital sector contributed $171.25 million to the UK economy in 2022, representing a 7.2% share of the total GVA. Digitalization is driving the growth of QR code payments.

Which Firms Dominate The QR Code Payments Market Segments?
Major companies operating in the QR code payments market are Apple Inc., Google LLC, Samsung Electronics Co., Alibaba Group Holdings Ltd., Tencent Holdings Ltd., Barclays Plc, PayPal Holdings Inc., Yandex, Sberbank AG, Revolut Ltd., Safaricom, Square Inc., Grab Holdings Inc., ACI Worldwide Inc., GoTo Group, Ping An Healare and Technology Company Limited, Clover Network Inc., N26 Inc., PayMaya Inc., Venmo, Monzo Bank Ltd., UnionPay International Co. Ltd, PaymentCloud, Mynt, Ecentric Payment Systems Ltd.

What Trends Are Expected to Dominate the QR Code Payments Market in the Next 5 Years?
Companies in the QR code payments market are focusing on innovative solutions like offline QR code-based systems to improve payment accessibility in areas with limited internet access. Offline QR code payments allow users to scan codes and make payments without needing an internet connection. For instance, in April 2024, CRED launched offline UPI-based Scan and Pay, a service enabling users to make payments directly from their bank accounts at select merchant outlets. This service is aimed at high-end retail stores, including supermarkets and fashion outlets, offering various payment device options for merchants.

Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/qr-code-payments-global-market-report

Which Is The Largest Region In The QR Code Payments Market?
Asia-Pacific was the largest region in the QR code payments market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the QR code payments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the QR Code Payments Market?
2. What is the CAGR expected in the QR Code Payments Market?
3. What Are the Key Innovations Transforming the QR Code Payments Industry?
4. Which Region Is Leading the QR Code Payments Market?

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.