NEW YORK, Nov. 4, 2020 /PRNewswire/ — Amid the COVID-19 crisis, the global market for Proximity Mobile Payments estimated at US$121.9 Billion in the year 2020, is projected to reach a revised size of US$1.5 Trillion by 2027, growing at aCAGR of 42.9% over the period 2020-2027. Near Field Communication (NFC), one of the segments analyzed in the report, is projected to record 45.7% CAGR and reach US$1.3 Trillion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Barcode Payments segment is readjusted to a revised 27.2% CAGR for the next 7-year period.
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The U.S. Market is Estimated at $37 Billion, While China is Forecast to Grow at 40.2% CAGR
The Proximity Mobile Payments market in the U.S. is estimated at US$37 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$231.6 Billion by the year 2027 trailing a CAGR of 40.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 39.3% and 36% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 28.7% CAGR.We bring years of research experience to this 8th edition of our report. The 109-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others,
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Global Competitor Market Shares
Proximity Mobile Payment Competitor Market Share Scenario
Worldwide (in %): 2019 & 2025
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
Table 1: Proximity Mobile Payments Global Market Estimates and
Forecasts in US$ Million by Region/Country: 2020-2027
Table 2: Proximity Mobile Payments Market Share Shift across
Key Geographies Worldwide: 2020 VS 2027
Table 3: Near Field Communication (NFC) (Mode of Payment) World
Market by Region/Country in US$ Million: 2020 to 2027
Table 4: Near Field Communication (NFC) (Mode of Payment)
Market Share Breakdown of Worldwide Sales by Region/Country:
2020 VS 2027
Table 5: Barcode Payments (Mode of Payment) Potential Growth
Markets Worldwide in US$ Million: 2020 to 2027
Table 6: Barcode Payments (Mode of Payment) Market Sales
Breakdown by Region/Country in Percentage: 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
US Proximity Mobile Payment Market Share (in %) by Company:
2019 & 2025
Market Analytics
Table 7: United States Proximity Mobile Payments Market
Estimates and Projections in US$ Million by Mode of Payment:
2020 to 2027
Table 8: United States Proximity Mobile Payments Market Share
Breakdown by Mode of Payment: 2020 VS 2027
CANADA
Table 9: Canadian Proximity Mobile Payments Market Estimates
and Forecasts in US$ Million by Mode of Payment: 2020 to 2027
Table 10: Proximity Mobile Payments Market in Canada:
Percentage Share Breakdown of Sales by Mode of Payment for 2020
and 2027
JAPAN
Table 11: Japanese Market for Proximity Mobile Payments: Annual
Sales Estimates and Projections in US$ Million by Mode of
Payment for the Period 2020-2027
Table 12: Japanese Proximity Mobile Payments Market Share
Analysis by Mode of Payment: 2020 VS 2027
CHINA
Table 13: Chinese Proximity Mobile Payments Market Growth
Prospects in US$ Million by Mode of Payment for the Period
2020-2027
Table 14: Chinese Proximity Mobile Payments Market by Mode of
Payment: Percentage Breakdown of Sales for 2020 and 2027
EUROPE
Market Facts & Figures
European Proximity Mobile Payment Market: Competitor Market
Share Scenario (in %) for 2019 & 2025
Market Analytics
Table 15: European Proximity Mobile Payments Market Demand
Scenario in US$ Million by Region/Country: 2018-2025
Table 16: European Proximity Mobile Payments Market Share Shift
by Region/Country: 2020 VS 2027
Table 17: European Proximity Mobile Payments Market Estimates
and Forecasts in US$ Million by Mode of Payment: 2020-2027
Table 18: European Proximity Mobile Payments Market Share
Breakdown by Mode of Payment: 2020 VS 2027
FRANCE
Table 19: Proximity Mobile Payments Market in France by Mode of
Payment: Estimates and Projections in US$ Million for the
Period 2020-2027
Table 20: French Proximity Mobile Payments Market Share
Analysis by Mode of Payment: 2020 VS 2027
GERMANY
Table 21: Proximity Mobile Payments Market in Germany: Recent
Past, Current and Future Analysis in US$ Million by Mode of
Payment for the Period 2020-2027
Table 22: German Proximity Mobile Payments Market Share
Breakdown by Mode of Payment: 2020 VS 2027
ITALY
Table 23: Italian Proximity Mobile Payments Market Growth
Prospects in US$ Million by Mode of Payment for the Period
2020-2027
Table 24: Italian Proximity Mobile Payments Market by Mode of
Payment: Percentage Breakdown of Sales for 2020 and 2027
UNITED KINGDOM
Table 25: United Kingdom Market for Proximity Mobile Payments:
Annual Sales Estimates and Projections in US$ Million by Mode
of Payment for the Period 2020-2027
Table 26: United Kingdom Proximity Mobile Payments Market Share
Analysis by Mode of Payment: 2020 VS 2027
REST OF EUROPE
Table 27: Rest of Europe Proximity Mobile Payments Market
Estimates and Forecasts in US$ Million by Mode of Payment:
2020-2027
Table 28: Rest of Europe Proximity Mobile Payments Market Share
Breakdown by Mode of Payment: 2020 VS 2027
ASIA-PACIFIC
Table 29: Proximity Mobile Payments Market in Asia-Pacific by
Mode of Payment: Estimates and Projections in US$ Million for
the Period 2020-2027
Table 30: Asia-Pacific Proximity Mobile Payments Market Share
Analysis by Mode of Payment: 2020 VS 2027
REST OF WORLD
Table 31: Rest of World Proximity Mobile Payments Market
Estimates and Forecasts in US$ Million by Mode of Payment: 2020
to 2027
Table 32: Proximity Mobile Payments Market in Rest of World:
Percentage Share Breakdown of Sales by Mode of Payment for 2020
and 2027
IV. COMPETITION
Total Companies Profiled: 43
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