Albany, NY -- (SBWIRE) -- 08/28/2018 -- A fresh report, focusing on the global market scenario of in-vehicle payment services have been broadcasted to the massive database of Market Research Hub (MRH), with the title of "Global In-vehicle Payment Services Market Size, Status and Forecast 2018-2025". This intelligent study presents a complete perspective on the global market's evolution throughout the above-mentioned forecast period in terms of revenue (in US$ Mn) and CAGR. The readers will gain access to vital information regarding current trends and future propositions of the market across various geographies. The study prime objectives are to present the In-vehicle Payment Services development in the United States, Europe and China.
Various financial institutions have recognized in-vehicle payment as a fantastic opportunity to expand their footprint in online payment solutions by leveraging tokenization and check-out payment services. The research initiates by presenting an in-depth overview of the market including drivers that are helping the growth of the market, restraints that are limiting the market and new trends that are following the global in-vehicle payment services market. In-vehicle information systems consist of telematics applications that use wireless communication systems which are inclined to hacking and theft of information.
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As per the research outcomes, the market for in-vehicle payment services anticipated to gain maximum significant growth over the past few years and is anticipated to generate substantial revenue in future till 2025. At this pace, the global in-vehicle payment services market is projected to grow at a robust CAGR over the period 2018-2025. Constant advances in the connected vehicle technologies and IoT has led to the movement of mobile wallets to the dashboards as OEMs are now partnering with the card networks and various retailers to provide their vehicle offerings with in-vehicle payment technology.
For a clear understanding, the study broadly categorizes the market on the basis of type and application. By type, the study covers NFC based, QR code based, APP based and Credit Card based in-vehicle payment services. On the basis of application, the research covers parking management, toll collection and drive-through purchasing. For each segment, the study offers sales, revenue and market share analysis during the mentioned-forecast period.
As the report concludes, the vendor landscape section is also provided which throws light on the chief player's dominant in this market. This particular chapter offers insights based on SWOT analysis, key developments, key financials, company overview, and product overview. Presently, key players dominant in the industry include Daimler, Jaguar Land Rover, Royal Dutch Shell, Hyundai, Google, Amazon, Ford Motor, Alibaba, SAIC, GM, MasterCard, IBM, Volkswagen, Honda Motor, Visa, IPS Group, Gilbarco Veeder-Root and BMW.
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