Global Proximity Mobile Payment Market Covid-19 Impact Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2031
Global Proximity Mobile Payment Market Overview:
“The global Proximity Mobile Payment market size is expected to be worth around US$ 1,84,43,044.90 million by 2031 from US$ 2,69,331.60 million in 2021, growing at a CAGR of 52.59% during the forecast period 2021 to 2031.”
Global Proximity Mobile Payment Market is the title of an upcoming report offered by MarketResearch.Biz. The Proximity Mobile Payment market report extensively covers market segmentation by geography (APAC, North America, Europe, South America, and MEA) and potential Proximity Mobile Payment market drivers that the vendors are capitalizing on to sustain profitable growth. Furthermore, read about the latest key findings on the post-COVID-19 impact on the Proximity Mobile Payment market from this report.
It is complete with important statistics and other industry-relevant particulars, including factors expected to influence Proximity Mobile Payment market progress, drivers, restraints, opportunities, trends, sales reviews, landmark developments (existing and anticipated), SWOT analysis, as well as information on other potential revenue generation prospects in un explored areas of operation.
The data collated by our analysts from both primary and secondary sources, are validated by data management solutions, and more importantly industry experts, to ensure genuine authenticity. The global Proximity Mobile Payment market report will encompass imminent threats or challenges from existing industry contenders, as well as potential new market entrants.
Additionally, this dossier will also explore existing as well as foreseeable impacts of the on-going COVID-19 pandemic.
Impacts of the COVID-19 Pandemic:
Most industries across the world have been negatively impacted over the last few months. This can be attributed to significant disruptions experienced by their respective manufacturing and supply-chain operations as a result of various precautionary lockdowns, as well as other restrictions that were enforced by governing authorities across the globe.
The same applies to the global Proximity Mobile Payment market. Moreover, consumer demand has also subsequently reduced as individuals are now more keen on eliminating non-essential expenses from their respective budgets as the general economic status of most individuals have been severely affected by this outbreak.
These aforementioned elements are expected to burden the revenue trajectory of the global Proximity Mobile Payment market over the forecast timeline. However, as respective governing authorities begin to lift these enforced lockdowns, the global Proximity Mobile Payment market is expected to recover accordingly.
Who are the Major Proximity Mobile Payment Market's Key Players?
Key industry players profiled in this global Proximity Mobile Payment market include:
Samsung Electronics Co. Ltd., Visa Inc., Apple Inc., Alphabet Inc., Square Inc., ACI Worldwide Inc., PayPal Holdings Inc., Starbucks Corporation, Mastercard Incorporated, and CVS Health Group.
Segmentation of the Global Proximity Mobile Payment Market:
By mode of payment
- near field communication
What are the Key Factors Covered in this Proximity Mobile Payment Market Report?
- CAGR of the Proximity Mobile Payment market during the forecast period 2021-2031.
- Precise estimation of the Proximity Mobile Payment market size and its contribution to the parent market.
- Detailed information on factors that will drive Proximity Mobile Payment market growth during the next ten years.
- Accurate predictions on upcoming trends and changes in consumer behaviour.
- The growth of the Proximity Mobile Payment market across APAC, North America, Europe, South America, and MEA.
- A thorough analysis of the Proximity Mobile Payment market’s competitive landscape and detailed information on key Players.
- Comprehensive details of factors that will challenge the growth of Proximity Mobile Payment market vendors.
- Proximity Mobile Payment Market’s Opportunity Orbits
- Market Investment Feasibility Index
- PEST Analysis
- PORTER’S Five Force Analysis
- Drivers & Restraints Impact Analysis
- Marketing Strategy
- Product Life Cycle Analysis
- Value Chain Analysis
- Cost Structure Analysis
- Macro-economic Factors
Particular Scope Estimated Year 2021 Actual Year 2020 Forecast Period 2021–2031 CAGR 52.59% Market Size in 2021 2,69,331.60Mn 2031 Value Projection 1,84,43,044.90Mn Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
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- Samsung Electronics Co. Ltd.
- Visa Inc.
- Apple Inc.
- Alphabet Inc.
- Square Inc.
- ACI Worldwide Inc.
- PayPal Holdings Inc.
- Starbucks Corporation
- Mastercard Incorporated
- CVS Health Group.
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