Press release
Quick Response (QR) Codes Payment Market Size Projected To Reach $33.53 Billion By 2034 With A Cagr Of 19%
Quick Response (QR) Codes Payment
What Is the Projected Growth of the Quick Response (QR) Codes Payment Market?
The quick response (QR) codes payment market, valued at $14.02 billion in 2024, is projected to increase to $16.72 billion in 2025, growing at a CAGR of 19.2%. This growth can be attributed to the increasing penetration of smartphones, the rise of e-commerce, growing digitalization, changing consumer preferences, and regulatory support.
The quick response (QR) codes payment market is projected to grow to $33.53 billion by 2029, with a CAGR of 19.0%. This increase is attributed to the growing adoption of contactless payments, the expansion of QR code technology, the rise of mobile wallets, new payment platforms, and the growing demand for cashless transactions. Key trends in the forecast period include the shift towards cashless societies, QR code-based loyalty programs, QR code menus in restaurants, event ticketing via QR codes, and the use of QR codes for identity verification.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=15911
What Are the Different Quick Response (QR) Codes Payment Market Segments?
The quick response (QR) codes payment market covered in this report is segmented -
1) By Offering: Solution, Services
2) By Payment Type: Push Payment, Pull Payment
3) By Transaction Channel: Face-To-Face, Remote
4) By End-Users: Restaurant, Retail And E-Commerce, E-Ticket Booking, Other End-Users
Subsegments:
1) By Solution: QR Code Payment Software, QR Code Payment Platforms, Mobile Payment Solutions
2) By Services: Payment Gateway Services, Transaction Processing Services, Security And Fraud Prevention Services
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=15911&type=smp
What Are the Primary Drivers Shaping the Quick Response (QR) Codes Payment Market?
The growth in smartphone usage is expected to propel the quick response (QR) codes payment market. With smartphones becoming more accessible and functional, QR code payments are increasingly common. These systems allow users to make secure transactions by scanning codes at points of sale. According to Vietnam's Ministry of Information and Communications, smartphone subscribers rose to 93.5 million in March 2022, covering 73.5% of the adult population. This surge supports the growth of the QR codes payment market.
Which Companies Are Leading in the Quick Response (QR) Codes Payment Market?
Major companies operating in the quick response (QR) codes payment market are Amazon.com Inc., Apple Inc., Google LLC, Samsung Electronics Co. Ltd., Alibaba Group Holding Limited, Tencent Holdings Limited, PayPal Holdings Inc., Fiserv Inc., Square Inc., Stripe Inc., MercadoLibre Inc., Dana Inc., PayU, OVO Energy Ltd., PT Gojek Indonesia, Adyen N.V., Worldpay Inc., Klarna Bank AB, Grab Holdings Inc., Ingenico Group, One 97 Communications Paytm Ltd., Ant Financial Services Group, Payoneer Inc., Verifone Systems Inc., Twint AG, PhonePe Private Limited, Early Warning Services LLC
What Are the Major Trends Shaping the Quick Response (QR) Codes Payment Market?
Companies in the quick response (QR) code payment market are focused on creating innovative products, such as QR code devices, to enhance user experience and drive adoption. These devices can generate, display, or scan QR codes. For example, in February 2024, SuperUs, an India-based technology company, launched the Dynamic QR Code device, designed to transform digital payments in India by seamlessly integrating cash and checkout terminals. This cost-effective solution eliminates the need for additional hardware, software, and training, while significantly reducing reconciliation costs and providing businesses with a high return on investment.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/quick-response-qr-codes-payment-global-market-report
What Are the Top Revenue-Generating Geographies in the Quick Response (QR) Codes Payment Market?
Asia-Pacific was the largest region in the quick response (QR) codes payment market in 2023. The regions covered in the quick response (QR) codes payment 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 Quick Response (QR) Codes Payment Market?
2. What is the CAGR expected in the Quick Response (QR) Codes Payment Market?
3. What Are the Key Innovations Transforming the Quick Response (QR) Codes Payment Industry?
4. Which Region Is Leading the Quick Response (QR) Codes Payment 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.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Quick Response (QR) Codes Payment Market Size Projected To Reach $33.53 Billion By 2034 With A Cagr Of 19% here
News-ID: 4044788 • Views: …
More Releases from The Business Research Company
2025-2034 Inkjet Coder Market Evolution: Disruptions, Innovations, and Untapped …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Inkjet Coder Market Through 2025?
Strong growth has been witnessed in recent years in the inkjet coder market. It is projected that this market will expand from $2.11 billion in 2024 to $2.27 billion in 2025, experiencing a compound annual growth rate…
Global Industrial Cooking Fire Protection Systems For Food Manufacturing Market …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Industrial Cooking Fire Protection Systems For Food Manufacturing Industry Market Size Be by 2025?
Over the past few years, the market size for industrial cooking fire protection systems used in food manufacturing has seen a consistent growth. It is projected that the market value will grow…
High Speed Engine Market Trends That Will Shape the Next Decade: Insights from I …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the High Speed Engine Market Size By 2025?
The market for high speed engines has seen considerable growth in the last few years. The market which is valued at $24.17 billion in 2024 is predicted to reach $25.58 billion in 2025, experiencing a Compound Annual Growth…
Industrial Sector Growth Fuels Expansion Of Evaporative Cooling Market: The Driv …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Evaporative Cooling Market Size Growth Forecast: What to Expect by 2025?
The market size for evaporative cooling has seen a robust growth in recent times. The outlook predicts an escalation from $6.41 billion in 2024 to $6.8 billion in 2025, with a compound annual growth rate (CAGR) of 6.0%.…
More Releases for Payment
Evolving Market Trends In The Bitcoin Payment Ecosystem Industry: NFC-Enabled Cr …
The Bitcoin Payment Ecosystem 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 Expected Bitcoin Payment Ecosystem Market Size During the Forecast Period?
The market size of the Bitcoin payment ecosystem has seen swift acceleration in the past few years. Its growth is projected…
Payment Security Market : Increased Adoption of Digital Payment Modes Leading pl …
According to a recent report published by Allied Market Research, titled, "Payment Security Market by Component, Platform, Enterprise Size and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2021-2030," the global payment security market size was valued at $17.64 billion in 2020, and is projected to reach $60.56 billion by 2030, growing at a CAGR of 13.2% from 2021 to 2030.
Download Free PDF Report Sample :
https://www.alliedmarketresearch.com/request-sample/10390
Payment security software is used…
Hosted Payment Gateway Segment dominates Payment Gateway Market - TechSci Resear …
Government initiatives towards digitization and surging popularity of digital payment to drive global payment gateway market through 2024
According to TechSci Research report, “Global Payment Gateway Market By Type, By Enterprise Size, By End-User, By Region, Competition, Forecast & Opportunities, 2024”, global payment gateway market is projected to grow at a CAGR of over 8% during 2019-2024, on account of increasing internet penetration, which is aiding growing demand for online transactions.…
Digital Payment Market by Component (Solutions (Payment Processing, Payment Gate …
Magarpatta SEZ, Pune, “ReportsnReports”, one of the world’s prominent market research firms has released a new report on Global Digital Payment Market. The report contains crucial insights on the market which will support the clients to make the right business decisions. This research will help both existing and new aspirants for Digital Payment Market to figure out and study market needs, market size, and competition. The report talks about the…
Digital Payment Market by Payment Gateway Solutions, Payment Wallet Solutions, P …
Digital Payment Market 2019-2025: In 2018, the global Digital Payment market size was xx million US$ and it is projected to surpass xx million US$ by the end of 2025, growing at a CAGR of 18.1% during 2019-2025.
Things Covered in Sample Report
> Deep Dive Strategy & Competition
> Deep Dive Data & Forecasting
> Executive Summary & Core Findings
Get a Quick Sample report at https://decisionmarketreports.com/request-sample?productID=1008739
The key players covered in…
Online Payment Gateway Market Analysis By 2028 | Amazon.com, Avenues India Pvt. …
Future Market Insights (FMI) has recently published a new research report on the online payment gateway market titled “Online Payment Gateway Market: Global Industry Analysis (2013-2017) and Opportunity Assessment (2018-2028).” The report states that the growing prevalence of third party payment processes is expected to have a positive impact on the growth of the global market. Websites have always been a good source for channel merchants for generating revenue. Concentrating…
