In-Vehicle Payment Services Market to Reach $15.71 Billion By 2030 – GlobeNewswire

| Source: Allied Market Research Allied Market Research
Portland,OR, Nov. 22, 2021 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global in-vehicle payment services market $2.89 billion in 2020, and is predicted to reach $15.71 billion by 2030, manifesting a CAGR of 18.7% from 2021 to 2030. The report offers an in-depth analysis of the market size, emerging and current trends, future estimations, and key players.
Increase in the use of contactless payment among the end-users, demand for a hassle-free payment system at places such as parking spaces, and increase in the production of autonomous vehicles around the world drive the global in-vehicle payment services market. On the other hand, online fraud and cyber-attack hinder the market progress. On the contrary, surge in the integration of digital wallets and online payment solutions in vehicles and demand for advanced cars create lucrative market opportunities for the market players.
Download Free Sample Report (Get Detailed Analysis in PDF – 338 Pages):
COVID-19 Scenario:
The report segments the global in-vehicle payment services market on the basis of offering, vehicle type, payment mode, application, and region. Based on component, the solution segment accounted for the largest market share in 2020, contributing to nearly three-fourths of the total share, and is expected to maintain the lead throughout the forecast period. On the other hand, the service segment is estimated to witness the fastest CAGR of 21.7% from 2021 to 2030.
Interested to Procure the Data? Inquire Here @:
Based on service, the professional services segment contributed to the highest market share in 2020, attributing to nearly three-fourths of the total market share, and is anticipated to dominate the market during the forecast period. On the other hand, the managed services segment is expected to manifest the fastest CAGR of 25.1% from 2021 to2030. 
Based on region, North America contributed to the highest share in 2020, holding more than one-third of the total share, and is anticipated to maintain dominance throughout the forecast period. The Asia-Pacific is anticipated to exhibit the fastest CAGR of 22.1% during the forecast period. 
Get Detailed COVID-19 Impact Analysis on the In-Vehicle Payment Services Market:
Key players of the global in-vehicle payment services market analyzed in the research include Daimler AG, Amazon Web Service Inc., Ford Motors Company, Google LLC, Hyundai Motor, General Motors, IBM Corporation, VISA Inc., Mastercard, and Volkswagen AG. These market players have adhered to several strategies including partnership, expansion, collaboration, joint ventures, and others to prove their flair in the industry.
Access AVENUE – A Subscription-Based Library (Premium On-Demand, Subscription-Based Pricing Model) @
Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world’s largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.
Avenue Library Subscription | Request For 14 Days Free Trial of Before Buying:
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.