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Proximity Mobile Payments - Global Market Trajectory & Analytics

  • ID: 5140602
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • ACI Worldwide, Inc.
  • Alphabet, Inc.
  • Apple, Inc.
  • CVS Health Corporation
  • MasterCard, Inc.
  • PayPal, Inc.
Global Proximity Mobile Payments Market to Reach $1.5 Trillion by 2027

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 a CAGR 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.



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.

Select Competitors (Total 43 Featured):
  • ACI Worldwide, Inc.
  • Alphabet, Inc.
  • Apple, Inc.
  • CVS Health Corporation
  • MasterCard, Inc.
  • PayPal, Inc.
  • Square, Inc.
  • Starbucks Corporation
  • Visa, Inc.
Frequently Asked Questions about the Global Market for Proximity Mobile Payments

What is the estimated value of the Global Market for Proximity Mobile Payments?

The Global Market for Proximity Mobile Payments was estimated to be valued at $121.9 Billion in 2020.

What is the growth rate of the Global Market for Proximity Mobile Payments?

The growth rate of the Global Market for Proximity Mobile Payments is 43.1%, with an estimated value of $1500.0 Billion by 2027.

What is the forecasted size of the Global Market for Proximity Mobile Payments?

The Global Market for Proximity Mobile Payments is estimated to be worth $1500.0 Billion by 2027.

Who are the key companies in the Global Market for Proximity Mobile Payments?

Key companies in the Global Market for Proximity Mobile Payments include ACI Worldwide, Inc., Alphabet, Inc., Apple, Inc., CVS Health Corporation, MasterCard, Inc., PayPal, Inc., Square, Inc. and Visa, Inc..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ACI Worldwide, Inc.
  • Alphabet, Inc.
  • Apple, Inc.
  • CVS Health Corporation
  • MasterCard, Inc.
  • PayPal, Inc.

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Current & Future Analysis for Proximity Mobile Payments by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 2: World 7-Year Perspective for Proximity Mobile Payments by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2020 & 2027
  • Table 3: World Current & Future Analysis for Near Field Communication (NFC) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 4: World 7-Year Perspective for Near Field Communication (NFC) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • Table 5: World Current & Future Analysis for Barcode Payments by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 6: World 7-Year Perspective for Barcode Payments by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027

III. MARKET ANALYSIS
  • UNITED STATES
  • Table 7: USA Current & Future Analysis for Proximity Mobile Payments by Mode of Payment - Near Field Communication (NFC) and Barcode Payments - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 8: USA 7-Year Perspective for Proximity Mobile Payments by Mode of Payment - Percentage Breakdown of Value Sales for Near Field Communication (NFC) and Barcode Payments for the Years 2020 & 2027
  • CANADA
  • Table 9: Canada Current & Future Analysis for Proximity Mobile Payments by Mode of Payment - Near Field Communication (NFC) and Barcode Payments - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 10: Canada 7-Year Perspective for Proximity Mobile Payments by Mode of Payment - Percentage Breakdown of Value Sales for Near Field Communication (NFC) and Barcode Payments for the Years 2020 & 2027
  • JAPAN
  • Table 11: Japan Current & Future Analysis for Proximity Mobile Payments by Mode of Payment - Near Field Communication (NFC) and Barcode Payments - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 12: Japan 7-Year Perspective for Proximity Mobile Payments by Mode of Payment - Percentage Breakdown of Value Sales for Near Field Communication (NFC) and Barcode Payments for the Years 2020 & 2027
  • CHINA
  • Table 13: China Current & Future Analysis for Proximity Mobile Payments by Mode of Payment - Near Field Communication (NFC) and Barcode Payments - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 14: China 7-Year Perspective for Proximity Mobile Payments by Mode of Payment - Percentage Breakdown of Value Sales for Near Field Communication (NFC) and Barcode Payments for the Years 2020 & 2027
  • EUROPE
  • Table 15: Europe Current & Future Analysis for Proximity Mobile Payments by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 16: Europe 7-Year Perspective for Proximity Mobile Payments by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2020 & 2027
  • Table 17: Europe Current & Future Analysis for Proximity Mobile Payments by Mode of Payment - Near Field Communication (NFC) and Barcode Payments - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 18: Europe 7-Year Perspective for Proximity Mobile Payments by Mode of Payment - Percentage Breakdown of Value Sales for Near Field Communication (NFC) and Barcode Payments for the Years 2020 & 2027
  • FRANCE
  • Table 19: France Current & Future Analysis for Proximity Mobile Payments by Mode of Payment - Near Field Communication (NFC) and Barcode Payments - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 20: France 7-Year Perspective for Proximity Mobile Payments by Mode of Payment - Percentage Breakdown of Value Sales for Near Field Communication (NFC) and Barcode Payments for the Years 2020 & 2027
  • GERMANY
  • Table 21: Germany Current & Future Analysis for Proximity Mobile Payments by Mode of Payment - Near Field Communication (NFC) and Barcode Payments - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 22: Germany 7-Year Perspective for Proximity Mobile Payments by Mode of Payment - Percentage Breakdown of Value Sales for Near Field Communication (NFC) and Barcode Payments for the Years 2020 & 2027
  • ITALY
  • Table 23: Italy Current & Future Analysis for Proximity Mobile Payments by Mode of Payment - Near Field Communication (NFC) and Barcode Payments - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 24: Italy 7-Year Perspective for Proximity Mobile Payments by Mode of Payment - Percentage Breakdown of Value Sales for Near Field Communication (NFC) and Barcode Payments for the Years 2020 & 2027
  • UNITED KINGDOM
  • Table 25: UK Current & Future Analysis for Proximity Mobile Payments by Mode of Payment - Near Field Communication (NFC) and Barcode Payments - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 26: UK 7-Year Perspective for Proximity Mobile Payments by Mode of Payment - Percentage Breakdown of Value Sales for Near Field Communication (NFC) and Barcode Payments for the Years 2020 & 2027
  • REST OF EUROPE
  • Table 27: Rest of Europe Current & Future Analysis for Proximity Mobile Payments by Mode of Payment - Near Field Communication (NFC) and Barcode Payments - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 28: Rest of Europe 7-Year Perspective for Proximity Mobile Payments by Mode of Payment - Percentage Breakdown of Value Sales for Near Field Communication (NFC) and Barcode Payments for the Years 2020 & 2027
  • ASIA-PACIFIC
  • Table 29: Asia-Pacific Current & Future Analysis for Proximity Mobile Payments by Mode of Payment - Near Field Communication (NFC) and Barcode Payments - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 30: Asia-Pacific 7-Year Perspective for Proximity Mobile Payments by Mode of Payment - Percentage Breakdown of Value Sales for Near Field Communication (NFC) and Barcode Payments for the Years 2020 & 2027
  • REST OF WORLD
  • Table 31: Rest of World Current & Future Analysis for Proximity Mobile Payments by Mode of Payment - Near Field Communication (NFC) and Barcode Payments - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 32: Rest of World 7-Year Perspective for Proximity Mobile Payments by Mode of Payment - Percentage Breakdown of Value Sales for Near Field Communication (NFC) and Barcode Payments for the Years 2020 & 2027

IV. COMPETITION
  • Total Companies Profiled: 43
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • ACI Worldwide, Inc.
  • Alphabet, Inc.
  • Apple, Inc.
  • CVS Health Corporation
  • MasterCard, Inc.
  • PayPal, Inc.
  • Square, Inc.
  • Starbucks Corporation
  • Visa, Inc.
Note: Product cover images may vary from those shown