LONDON–(BUSINESS WIRE)–Sep 16, 2020–
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 almost 35% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio has announced its latest market research report titled Global In-vehicle Payment Services Market 2020-2024 (Photo: Business Wire)
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The market is concentrated, and the degree of concentration will accelerate during the forecast period. 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 are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Rise in adoption of cloud technologies and IoT has been instrumental in driving the growth of the market. However, potential security breach may impact technology adoption might hamper the market growth.
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In-vehicle Payment Services Market 2020-2024: Segmentation
In-vehicle Payment Services Market is segmented as below:
- North America
- South America
In-vehicle Payment Services Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The in-vehicle payment services market report covers the following areas:
- In-vehicle Payment Services Market Size
- In-vehicle Payment Services Market Trends
- In-vehicle Payment Services Market Industry Analysis
This study identifies the 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 suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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In-vehicle Payment Services Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist in-vehicle payment services market growth during the next five years
- Estimation of the in-vehicle payment services market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the in-vehicle payment services market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of in-vehicle payment services market vendors
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
- Geographic segmentation
- Geographic comparison
- Europe – Market size and forecast 2019-2024
- North America – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- 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
- ZF Friedrichshafen AG
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
CONTACT: Technavio Research
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INDUSTRY KEYWORD: AUTOMOTIVE MANUFACTURING BANKING AUTOMOTIVE TECHNOLOGY MANUFACTURING PROFESSIONAL SERVICES OTHER AUTOMOTIVE GENERAL AUTOMOTIVE NETWORKS MOBILE/WIRELESS FINANCE
Copyright Business Wire 2020.
PUB: 09/16/2020 05:30 AM/DISC: 09/16/2020 05:31 AM
Copyright Business Wire 2020.