Global In-vehicle Payment Services Market 2020-2024
Technavio has been monitoring the in-vehicle payment services market and it is poised to grow by 8212.81 k units during 2020-2024 progressing at a CAGR of 35% during the forecast period. Our reports on in-vehicle payment services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rise in adoption of cloud technologies and IoT and rising OEM partnerships with hardware, software, insurance, telecom, and other service aggregators. In addition, rise in adoption of cloud technologies and IoT is anticipated to boost the growth of the market as well.
The in-vehicle payment services market analysis includes product segment and geographic landscapes
Technavio's in-vehicle payment services market is segmented as below:
By Geographic Landscapes
- North America
- South America
This study identifies rising demand for smartphone integration as one of the prime reasons driving the in-vehicle payment services market growth during the next few years.
"Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our in-vehicle payment services market covers the following areas:
- In-vehicle payment services market sizing
- In-vehicle payment services market forecast
- In-vehicle payment services market industry analysis"
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading in-vehicle payment services market vendors that include BMW AG, Daimler AG, Ford Motor Co., General Motors Co., Gentex Corp., Honda Motor Co. Ltd., Hyundai Motor Co., JAGUAR LAND ROVER AUTOMOTIVE PLC, Volkswagen AG, and ZF Friedrichshafen AG. Also, the in-vehicle payment services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.