The global smart payment systems market is expected to grow from USD 1.5 billion in 2018 to USD 3.2 billion by 2030, at a CAGR of 12.6% during the forecast period. The growth of this market can be attributed to the increasing adoption of mobile payments and internet payments, which are being used for various applications such as retail, transportation, hospital, media & entertainment and others.
The Internet Payment segment is expected to grow at the highest CAGR during the forecast period due to its high adoption rate in developing countries such as India and China where internet penetration is high and people prefer online transactions over offline transactions due to convenience factors such as time saving and cost-effectiveness.
Some Of The Growth Factors Of This Market:
- The growth of the global population and the increase in the number of people living in urban areas are driving demand for smart payment systems.
- The increasing use of mobile devices is also driving demand for smart payment systems, as more people are using their phones to make payments.
- The rise in online shopping is also driving demand for smart payment systems, as more people are buying goods and services online instead of from physical stores or retailers.
- Increasing awareness about security risks associated with traditional methods of making payments is also driving demand for smart payment systems, as they offer a safer alternative to cash and cards that can be lost or stolen easily by criminals who steal them from unsuspecting victims when they're not paying attention to their surroundings or when they're distracted by other things like talking on the phone or texting someone else while walking down a street where there's a lot of foot traffic going on at any given time during the day or night hours when it's dark outside and there aren't many lights illuminating certain areas where crime rates tend to be higher than others because criminals know that most people don't pay attention to what's going on around them at all times so they can take advantage of this fact by stealing something valuable from someone without getting caught doing it if they do it quickly enough before anyone notices what happened and calls out after them while chasing after them trying to catch up with them so that person can get away before being apprehended by law enforcement officials who might happen upon this scene unfolding right before their eyes if they were just passing through this area at any given time during the day or night hours when it happens which isn't very often but does happen every now and then depending on how much crime goes on in certain neighborhoods where these crimes tend to occur more often than others depending on how safe those neighborhoods are compared with other neighborhoods nearby which have lower crime rates because there aren't many crimes committed there due to increased police presence patrolling those streets regularly looking out for suspicious activity happening anywhere near those streets which might lead officers straight towards an individual committing a crime like pickpocketing someone else without realizing what was happening until too late because he was too busy looking down at his phone scrolling through his social media feed instead of paying attention to his surroundings like he should have been doing instead.
- Increased adoption rates among merchants will drive market growth over the next few years.
Industry Growth Insights published a new data on “Smart Payment Systems Market”. The research report is titled “Smart Payment Systems Market research by Types (Internet Payment, Mobile Payment, Phone Payment, Smart Payment System), By Applications (Retail, Transportation, Hospital, Media & Entertainment, Others), By Players/Companies Apple, Amazon, NMI, Dwolla, PDCflow, EBizCharge, Tipalti, FIS, Infineon Technologies, INSIDE Secure, Gemalto N.V., Giesecke & Devrient GmbH, Diebold Inc, Heartland Payment Systems, Inc, Ingenico Group, Smart Payment System”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Payment Systems Market Research Report
By Type
Internet Payment, Mobile Payment, Phone Payment, Smart Payment System
By Application
Retail, Transportation, Hospital, Media & Entertainment, Others
By Companies
Apple, Amazon, NMI, Dwolla, PDCflow, EBizCharge, Tipalti, FIS, Infineon Technologies, INSIDE Secure, Gemalto N.V., Giesecke & Devrient GmbH, Diebold Inc, Heartland Payment Systems, Inc, Ingenico Group, Smart Payment System
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Smart Payment Systems Market Report Segments:
The global Smart Payment Systems market is segmented on the basis of:
Types
Internet Payment, Mobile Payment, Phone Payment, Smart Payment System
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Retail, Transportation, Hospital, Media & Entertainment, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Apple
- Amazon
- NMI
- Dwolla
- PDCflow
- EBizCharge
- Tipalti
- FIS
- Infineon Technologies
- INSIDE Secure
- Gemalto N.V.
- Giesecke & Devrient GmbH
- Diebold Inc
- Heartland Payment Systems, Inc
- Ingenico Group
- Smart Payment System
Highlights of The Smart Payment Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Internet Payment
- Mobile Payment
- Phone Payment
- Smart Payment System
- By Application:
- Retail
- Transportation
- Hospital
- Media & Entertainment
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Payment Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Smart Payment Systems are a type of payment system that allow customers to make payments using their smartphones. These systems allow customers to pay for goods and services by scanning a barcode or entering the amount they want to pay. Smart Payment Systems can also be used to make payments at participating retailers.
Some of the major companies in the smart payment systems market are Apple, Amazon, NMI, Dwolla, PDCflow, EBizCharge, Tipalti, FIS, Infineon Technologies, INSIDE Secure, Gemalto N.V., Giesecke & Devrient GmbH, Diebold Inc, Heartland Payment Systems, Inc, Ingenico Group, Smart Payment System.
The smart payment systems market is expected to grow at a compound annual growth rate of 12.6%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Payment Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Smart Payment Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Smart Payment Systems Market - Supply Chain
4.5. Global Smart Payment Systems Market Forecast
4.5.1. Smart Payment Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Smart Payment Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. Smart Payment Systems Market Absolute $ Opportunity
5. Global Smart Payment Systems Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Smart Payment Systems Market Size and Volume Forecast by Type
5.3.1. Internet Payment
5.3.2. Mobile Payment
5.3.3. Phone Payment
5.3.4. Smart Payment System
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Smart Payment Systems Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Smart Payment Systems Market Size and Volume Forecast by Application
6.3.1. Retail
6.3.2. Transportation
6.3.3. Hospital
6.3.4. Media & Entertainment
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Smart Payment Systems Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Smart Payment Systems Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Smart Payment Systems Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Smart Payment Systems Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Smart Payment Systems Demand Share Forecast, 2019-2026
9. North America Smart Payment Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Smart Payment Systems Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Smart Payment Systems Market Size and Volume Forecast by Application
9.4.1. Retail
9.4.2. Transportation
9.4.3. Hospital
9.4.4. Media & Entertainment
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Smart Payment Systems Market Size and Volume Forecast by Type
9.7.1. Internet Payment
9.7.2. Mobile Payment
9.7.3. Phone Payment
9.7.4. Smart Payment System
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Smart Payment Systems Demand Share Forecast, 2019-2026
10. Latin America Smart Payment Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Smart Payment Systems Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Smart Payment Systems Market Size and Volume Forecast by Application
10.4.1. Retail
10.4.2. Transportation
10.4.3. Hospital
10.4.4. Media & Entertainment
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Smart Payment Systems Market Size and Volume Forecast by Type
10.7.1. Internet Payment
10.7.2. Mobile Payment
10.7.3. Phone Payment
10.7.4. Smart Payment System
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Smart Payment Systems Demand Share Forecast, 2019-2026
11. Europe Smart Payment Systems Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Smart Payment Systems Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Smart Payment Systems Market Size and Volume Forecast by Application
11.4.1. Retail
11.4.2. Transportation
11.4.3. Hospital
11.4.4. Media & Entertainment
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Smart Payment Systems Market Size and Volume Forecast by Type
11.7.1. Internet Payment
11.7.2. Mobile Payment
11.7.3. Phone Payment
11.7.4. Smart Payment System
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Smart Payment Systems Demand Share, 2019-2026
12. Asia Pacific Smart Payment Systems Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Smart Payment Systems Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Smart Payment Systems Market Size and Volume Forecast by Application
12.4.1. Retail
12.4.2. Transportation
12.4.3. Hospital
12.4.4. Media & Entertainment
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Smart Payment Systems Market Size and Volume Forecast by Type
12.7.1. Internet Payment
12.7.2. Mobile Payment
12.7.3. Phone Payment
12.7.4. Smart Payment System
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Smart Payment Systems Demand Share, 2019-2026
13. Middle East & Africa Smart Payment Systems Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Smart Payment Systems Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Smart Payment Systems Market Size and Volume Forecast by Application
13.4.1. Retail
13.4.2. Transportation
13.4.3. Hospital
13.4.4. Media & Entertainment
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Smart Payment Systems Market Size and Volume Forecast by Type
13.7.1. Internet Payment
13.7.2. Mobile Payment
13.7.3. Phone Payment
13.7.4. Smart Payment System
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Smart Payment Systems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Smart Payment Systems Market: Market Share Analysis
14.2. Smart Payment Systems Distributors and Customers
14.3. Smart Payment Systems Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Apple
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Amazon
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. NMI
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Dwolla
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. PDCflow
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. EBizCharge
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Tipalti
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. FIS
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Infineon Technologies
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. INSIDE Secure
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Gemalto N.V.
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Giesecke & Devrient GmbH
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Diebold Inc
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Heartland Payment Systems, Inc
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Ingenico Group
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Smart Payment System
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
