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Proximity Mobile Payment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2022LONDON, Oct. 16, 2017 /PRNewswire/ -- Proximity mobile payment is payment carried out via wireless methods through smartphones or other mobile devices. Proximity mobile payment can be conducted in various ways and has become a standard in numerous sectors due to the convenience it provides to customers as well as proprietors in carrying out cashless transactions smoothly and quickly. The mechanism through which these influential factors affect the global proximity mobile payment market is discussed in detail in the report. Economic and regulatory factors affecting the dynamics between the proximity mobile payment market's drivers and restraints are also elaborated in the report. Key drivers for the global proximity mobile payment market include the rising adoption of smartphones among various user demographics, rising preference among customers for mobile payment technology, and the increasing ease of making widespread installation of the technological infrastructure required for advanced systems such as proximity mobile payment. Global Proximity Mobile Payment Market: Segmentation By mode of payment, the global proximity mobile payment market is bifurcated into near field communication and barcode. Of these, near field communication, valued at US$43.6 bn in 2017, is likely to remain the dominant contributor to the global proximity mobile payment market in the coming years. Near field communication accounted for 75.3% of the global proximity mobile payment market in 2017 and is likely to become even more important to the market by 2022, when it is expected to account for 87.7% of the global market. The near field communication segment is likely to reach a value of US$360.9 bn by 2022 at a whopping 52.6% CAGR between 2017 and 2022. Geographically, North America is expected to remain the dominant contributor to the global proximity mobile payment market in the coming years. The North America proximity mobile payment market was valued at US$13 bn in 2017 and is expected to rise to more than US$98 bn by 2022 at a robust 49.8% CAGR therein. Global Proximity Mobile Payment Market: Competitive Dynamics Leading players in the global proximity mobile payment market include Samsung Electronics Co. Ltd., Visa Inc., Apple Inc., Alphabet Inc., Square Inc., ACI Worldwide Inc., PayPal Holdings Inc., Starbucks Corporation, Mastercard Incorporated, and CVS Health Group. Download the full report: https://www.reportbuyer.com/product/5143291 About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers https://www.reportbuyer.com For more information: Sarah Smith Research Advisor at Reportbuyer.com Email: [email protected] Tel: +44 208 816 85 48 Website: www.reportbuyer.com View original content:http://www.prnewswire.com/news-releases/proximity-mobile-payment-market---global-industry-analysis-size-share-growth-trends-and-forecast-2017---2022-300537389.html SOURCE ReportBuyer |