Proximity Mobile Payment Market, Global Outlook and Forecast 2024-2030
The global Proximity Mobile Payment market size was valued at US$ 156.78 billion in 2024 and is projected to reach US$ 456.89 billion by 2030, at a CAGR of 19.5% during the forecast period 2024-2030.
The United States Proximity Mobile Payment market size was valued at US$ 45.67 billion in 2024 and is projected to reach US$ 128.45 billion by 2030, at a CAGR of 18.8% during the forecast period 2024-2030.
Proximity Mobile Payment enables contactless transactions using smartphones and other mobile devices through NFC technology.
The global market is experiencing rapid growth, driven by digital payment adoption and contactless technology preferences. In 2023, transaction volume reached 250 billion globally, with retail payments accounting for 60% of usage. The market saw a 50% increase in biometric authentication adoption in 2023. NFC payments dominate with a 75% market share, while QR code payments are growing at 25% annually. Asia Pacific leads with a 50% market share and is the fastest-growing region at 21.5% CAGR. The industry is focusing on developing advanced security features, with a 60% growth in R&D investments for fraud prevention.
Report Overview
Mobile payment generally refers to payment services operated under financial regulation and performed from or via a mobile device. This report studies the Proximity Mobile Payment.
This report provides a deep insight into the global Proximity Mobile Payment market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Proximity Mobile Payment Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Proximity Mobile Payment market in any manner.
Global Proximity Mobile Payment Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Samsung Electronics
Visa
Apple
Alphabet
Square
ACI
PayPal
Starbucks
Mastercard
CVS
Market Segmentation (by Type)
Near Field Communication
Barcodes
Market Segmentation (by Application)
Department Store
Supermarket
Convenience Store
Other
Geographic Segmentation
