In-vehicle Payment Services Market Showing 195.39% CAGR Growth to 2021: Company Profiles & Trends Analysis

Posted on Updated on Adds New In-vehicle Payment Services Market research report for the period of 2017-2022 to its research database. The report presents a deep study of the market growth factors and drivers. The report spread across 71 pages with table and figures in it.

Research analysts forecast the global In-vehicle Payment Services market to grow at a CAGR of 195.39% during the period 2017-2021.

Continuous 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 equip their vehicle offerings with in-vehicle payment technology. This technology enables the driver to pay for certain services and products without even having to get down from the car, which include payment for parking services, fuel, various drive-thru restaurants, and many others. In addition, tech giants such as Amazon and Google are bringing their popular voice assistants in vehicles, which further facilitates the driver to buy products while they are behind the wheels.

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Covered in this report 

The report covers the present scenario and the growth prospects of the global in-vehicle payment services market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography: North Americas, APAC, EMEA.

Research report, Global In-vehicle Payment Services Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors – Jaguar Land Rover + Royal Dutch Shell, Honda Motor + Visa + IPS Group + Gilbarco Veeder-Root, GM + MasterCard + IBM.

Other prominent vendors – Amazon + Ford Motor, Volkswagen, Daimler, Hyundai + Google, BMW, Alibaba + SAIC.

Market driver
High correlation between consumer electronics and connected car solutions
For a full, detailed list, view our report

Market challenge
Design complexity and technological challenges
For a full, detailed list, view our report

Market trend
Increasing demand for mobile device-based payment services
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be? What are the key market trends? What is driving this market? What are the challenges to market growth? Who are the key vendors in this market space? What are the market opportunities and threats faced by the key vendors? What are the strengths and weaknesses of the key vendors?

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