The global demand for In-vehicle Payment Services Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
In-vehicle payment services is an automotive system equipped with payment technologies. In-vehicle payment services allow drivers to order and pay for food, coffee, gasoline, groceries, parking slots, and tolls without stepping out of the vehicle. In-vehicle payment services crucially enable automobile drivers to purchase from their car dashboards without utilising smartphones or other devices, and the car will facilitate the payment itself.
Market Dynamics
With the simplicity and convenience that various modalities of payment services provide to their drivers and passengers, in-vehicle payment services are gaining popularity. The in-vehicle payment services help vehicle users streamline fund transaction service and increase operational efficiency at the fuel station, which accelerates the market's global growth. Moreover, a surge in credit card payment technology among vehicle users accelerates the growth of the in-vehicle payment services market globally. Furthermore, the boom in demand for contactless payment solutions is fueling the in-vehicle payment services global market. However, growing online fraud and cyber-attacks across the globe hampers the in-vehicle payment services market growth.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of in-vehicle payment services. The growth and trends of in-vehicle payment services industry provide a holistic approach to this study.
Market Segmentation
This section of the in-vehicle payment services market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Mode Of Payment
- NFC
- QR Code/RFID
- App/E-Wallet
- Credit/Debit Card
By Application
- Parking
- Gas/Charging Stations
- Shopping
- Food/Coffee
- Toll Collection
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the In-vehicle Payment Services market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global In-vehicle Payment Services Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the in-vehicle payment services market include BMW AG, Daimler AG, Ford Motor Co., General Motors Co., Honda Motor Co. Ltd., Hyundai Motor Co., Jaguar Land Rover Automotive PLC, Volkswagen AG, ZF Friedrichshafen AG, Google, Amazon, Visa, MasterCard, PayPal. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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