Proximity mobile payment technology is the latest payment technology carried out by mobile phones and wireless devices. Barcodes and NFC are the other competitors in this arena. Although the proximity mobile payment technology needs a large supporting technological infrastructure, the set up offers secure, safe, fast, and more convenient option for the customers. The proximity mobile payment market is growing worldwide because of rapid economic development in various countries and increasing acceptance of technological innovations. This report studies the current and future aspects of the proximity mobile payment market.
The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the proximity mobile payment market. The scope of this report covers the proximity mobile payment market by its major segments, which include the types, applications, and the major geographic regions.
KEY BENEFITS OF THE REPORT
KEY PREMIUM INDUSTRY INSIGHTS
The global proximity mobile payment market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The North America region holds the highest market share and is the largest revenue contributor of proximity mobile payment market. The region continues to dominate the global market during the forecasted period because of region wide adoption of the payment technology. In addition, developed countries like U.S. and Canada use NFC enabled smartphones which is contributing towards the market growth in the region. Next in line is the Europe region which is witnessing a steady market growth due to steady advancement in technology and use of proximity payment mode for shopping and other expenses.
The research methodology for Scalar Market Research’s proximity mobile payment market report utilizes a combination of top-down and bottom-up research formats. Our primary focus on continuous market tracking, rigorous fact-checking, data-triangulation, and multiple layers of quality control ensures high-quality data that can be leveraged for actionable research insights.
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This report analyzes the proximity mobile payment market by the following segments:
KEY MARKET PLAYERS
Key players in the proximity mobile payment market include:
GEOGRAPHIC COVERAGE AND ANALYSIS
This granular market research report covers the following geographic regions in great detail:
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