In-Vehicle Payment Services Market 2026: Regional Outlook, Trend, Industry Share
Category: #technology  By Ronak Bora  Date: 2020-04-03
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In-Vehicle Payment Services Market 2026: Regional Outlook, Trend, Industry Share

The in-vehicle payment services market report encompasses an in-depth analysis of the business space in question. All the growth facilitators responsible for furling the revenue scope of this industry are mentioned in the study in conjunction with the competitive and geographical trends characterizing this business. Some of the very pivotal parameters encompassed in the report fall along the lines of industry segmentation, industry ecosystem analysis, vendor matrix, and industry insights.

In-vehicle payment services refer to vehicle systems embedded with payment technology that will help drivers to view and complete their purchases with various retailers such as fuel pumps, smart parking, and toll gates. In-vehicle payment services enable passengers to purchase from dashboards of cars without pulling out any cards or devices that save drivers’ time and help in getting to destination in safer, faster, and more efficient manner.

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Vehicle Types evaluation:

Vehicle Types categorization: As per the report, the Vehicle Types landscape of the in-vehicle payment services market is split into –

  • Passenger cars
  • Light Commercial Vehicles (LCVs)
  • Heavy Commercial Vehicles (HCVs)
  • Automated Guided Vehicles

Significant aspects concerning the Vehicle Types landscape that are entailed in the report:

  • Substantial details about the Vehicle Types spectrum of in-vehicle payment services industry are provided in the report.
  • The study mentions the revenue projection of the Vehicle Types categories by the end of the forecast duration.
  • The market share that every Vehicle Types segment will accumulate is given in the report.
  • The current and future trends characterizing the Vehicle Types landscape are also provided in the report.

Form Factor evaluation:

Form Factor categorization: As per the report, the Form Factor landscape of the in-vehicle payment services market is split into –

  • Embedded System
  • Tethered System
  • Integrated System

Significant aspects concerning the Form Factor landscape that are entailed in the report:

  • Substantial details about the Form Factor spectrum of in-vehicle payment services market are provided in the report.
  • The study mentions the revenue projection of the Form Factor categories by the end of the forecast duration.
  • The market share that every Form Factor segment will accumulate is given in the report.
  • The current and future trends characterizing the Form Factor landscape are also provided in the report.

 

The growing trend of autonomous vehicles is driving the growth of in-vehicle payment services market over the forecast period. The autonomous vehicles are enabled with internet connectivity according to the growing demand for luxury, convenience, and comfort. For instance, by 2019, connected cars are expected to increase by 64 million units. The connected car market is expected to be valued at over USD 50 billion by 2025, growing at a CAGR of 14.8% over the forecast period.

The in-vehicle payment services market research study is inclusive of a massive evacuation of the industry in question. The methodology used to derive valuable insights pertaining to the in-vehicle payment services industry as well as the primary and secondary sources referred to have been elaborated in the report. Information pertaining to the financial data of mentioned shareholders and the present pricing trends are enumerated in the study.

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Some of the key market players of the in-vehicle payment services market, which include automotive manufacturers, technology companies, and technology enabled financial companies are Alphabet, Inc., Audi AG, BMW AG, Daimler AG, Ford Motor Company, General Motors Company, Honda Motor Co., Ltd., Hyundai Motor Corporation, IBM Corporation, Mastercard, Inc., Tesla, Inc., Toyota Motor Corporation, UBS Group AG, Visa, Inc., Volvo Corporation, and ZF Friedrichshafen AG.

 

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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