The QR Code Payments Market is anticipated to develop at a CAGR of 17.2% from 2023 to 2030, from an estimated value of USD 9.5 billion in 2022 to USD 33.81 billion in 2030.
The global QR code payment market is experiencing a rapid surge in demand for secure and hassle-free transaction services. This growth is primarily driven by the increasing adoption of QR code payments among merchants. Not only are QR codes being used extensively in the automotive industry for production, tracking, and shipping, but they are also gaining momentum in the payment sector. One of the key factors contributing to the popularity of QR code payments is its touchless nature. With the onset of the coronavirus pandemic, the demand for contactless transactions has skyrocketed. As a result, QR code payments have emerged as a permanent fixture in the tech landscape. Among the various industries embracing QR code payments, restaurants, retailers, and merchants are the largest end-user segments. These businesses have integrated QR code payment methods into their existing operations, recognizing the convenience and efficiency it offers.
Get more information on QR Code Payments Market - Request Free Sample Report
Drivers
Grocery providers and retailers are gradually introducing QR code payment options, allowing customers to make contactless payments.
The rapid demand for fast and hassle-free transaction services has become a key driving force behind the growth of the QR code payment market.
The rapid adoption of digital payments serves as a significant catalyst propelling market growth.
In response to the increasing need for convenient and secure payment methods, grocery providers and retailers have embraced QR code technology. This innovative solution enables customers to shop without the need for physical contact, ensuring a safer and more efficient shopping experience. The rising popularity of QR code payments can be attributed to the numerous benefits they offer. Firstly, they provide a quick and seamless transaction process, eliminating the need for customers to carry cash or credit cards. With just a simple scan of the QR code, customers can complete their purchases in a matter of seconds.
Restrains
The growth of the QR code payments market is being hindered by the increasing number of data breaches and security issues.
Opportunities
The anticipated developments and initiatives in the digitalized payments sector are expected to present a significant growth opportunity for the market.
Continuously increasing Smart phone users create opportunity for market.
Challenges
Challenges Related to Low Network Connection in some areas.
In times of geopolitical tension, currency exchange rates can be highly volatile. This may affect cross-border QR code payments, as fluctuations in exchange rates can influence the cost of international transactions. Governments may implement changes to financial regulations in response to geopolitical events. These changes could impact QR code payment systems, requiring businesses to adapt to new compliance requirements or restrictions. The QR code payment ecosystem relies on various technologies and supply chains, including smartphones, point-of-sale (POS) systems, and payment processors. Disruptions in these supply chains due to geopolitical events can affect the availability and functionality of QR code payment solutions. In times of economic uncertainty or war, consumers may alter their spending habits. This could lead to changes in the volume and nature of QR code transactions, as people prioritize essential purchases over discretionary spending. The growth of QR code payments in a region may slow down due to geopolitical instability, as businesses may become more cautious about expanding payment infrastructure, and consumers may be hesitant to adopt new payment methods.
Impact of Recession
Businesses and consumers may become more cost-conscious during a recession. This could lead to a preference for payment methods that are cost-effective, and QR code payments are often seen as a cheaper alternative to traditional card payments. This may drive greater adoption of QR codes for payments. The COVID-19 pandemic accelerated the adoption of contactless and online payments, including QR code payments. This trend could persist or intensify during a recession as people seek to minimize physical contact and use touchless payment methods. Merchants may increasingly adopt QR code payment solutions to reduce transaction costs associated with card payments. In a recession, cost savings become even more critical for businesses, which may lead to the wider acceptance of QR code payments. Economic downturns can erode consumer confidence. If consumers are worried about the economy, they may prefer to use cash or more familiar payment methods. This could slow the growth of QR code payments. Economic uncertainty can also lead to an increase in financial crimes and fraud. Security concerns could impact trust in QR code payment solutions, and providers will need to invest in robust security measures to address this.
By Offering
Solution
Static QR Code
Dynamic QR Code
Services
By Transaction Channel
Face-to-Face
Remote
By Payment Type
Push Payment
Pull Payment
By End User
Restaurant
Retail & E-Commerce
E-Ticket Booking
Others
.png)
Need any customization research on QR Code Payments Market - Enquiry Now
The Asia Pacific region emerged as the dominant force in the QR code payments industry, capturing a remarkable revenue share of over 29%. This impressive growth can be attributed to a multitude of factors, including a burgeoning population, widespread smartphone usage, and a significant portion of the population that remains unbanked. One of the key strengths of the Asia Pacific region lies in its diverse economies. On one end of the spectrum, we have highly developed countries like Japan, Singapore, and South Korea, which boast advanced technological infrastructure and a thriving digital ecosystem. On the other end, we find emerging markets such as India, Indonesia, and Vietnam, where the potential for growth and innovation is immense.
In many of these markets, QR code payments have swiftly gained popularity, emerging as a preferred and convenient payment option. This trend is particularly evident among the younger generation and tech-savvy consumers who prioritize speed, convenience, and security in their financial transactions. The appeal of QR code payments lies in their simplicity and ease of use. With just a quick scan, consumers can effortlessly complete their transactions, eliminating the need for physical cash or card payments. This seamless experience resonates strongly with the fast-paced lifestyles of today's consumers, who seek efficient and hassle-free payment methods.
The North American regional market is projected to experience significant growth at a Compound Annual Growth Rate (CAGR) of 16.52% during the forecast period. This growth can be attributed to various factors, including the widespread use of smartphones, the increasing popularity of digital payments, and a robust financial infrastructure. North America, with its highly developed and mature economy, boasts a large and affluent consumer base that prioritizes convenience and speed in payment transactions.
The rising adoption of mobile payments and digital wallets has played a crucial role in driving the growth of QR code payments in the region. Major players in the industry, such as PayPal, Square, and Venmo, have introduced QR code payment solutions, further fueling this trend. Additionally, the region's highly competitive retail sector has wholeheartedly embraced QR code payments to provide customers with a seamless and expedient checkout experience.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The Major players in the market are PayPal Holdings Inc., Google LLC, UnionPay International Co. Ltd, LINE Pay Corporation, Barclays, Revolut Ltd, Tencent, Square, Inc., Alibaba.com, Ecentric Payment Systems, One97 Communications Limited (Paytm), and others in the final Report.
In June 2023, Quick Response (QR) codes have played a significant role in the development of digital payments in India. These codes, also known as QR codes, have been instrumental in promoting non-banking apps such as Paytm, PhonePe, and Google Pay. Notably, several prominent banks are now entering this market by placing their own QR codes at retail outlets. ICICI Bank has emerged as a dominant player in the banking field, thanks to its merchant-facing InstaBiz application. However, HDFC Bank and Axis Bank have also joined the race.
In February 2022, the Jammu and Kashmir administration took a crucial step to ensure the authenticity of Kashmiri carpets. They introduced a QR code system for handmade Kashmir carpets. This initiative aims to provide customers with genuine products. The QR code-based label will contain essential information such as the Geographical Indication (GI) user, manufacturer, artisan, materials used, knots per square inch, and other relevant details. This measure will help in preserving the integrity and quality of Kashmiri carpets.
| Report Attributes | Details |
| Market Size in 2022 | US$ 9.5 Bn |
| Market Size by 2030 | US$ 33.81 Bn |
| CAGR | CAGR of 17.2% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Offering (Solution (Static QR Code, Dynamic QR Code), Services) • By Transaction Channel (Face-to-Face, Remote) • By Payment Type (Push Payment, Pull Payment) • By End User (Restaurant, Retail and e-commerce, E-Ticket Booking, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | PayPal Holdings Inc., Google LLC, UnionPay International Co. Ltd, LINE Pay Corporation, Barclays, Revolut Ltd, Tencent, Square, Inc., Alibaba.com, Ecentric Payment Systems, One97 Communications Limited (Paytm) |
| Key Drivers | • Grocery providers and retailers are gradually introducing QR code payment options, allowing customers to make contactless payments. • The rapid demand for fast and hassle-free transaction services has become a key driving force behind the growth of the QR code payment market. • The rapid adoption of digital payments serves as a significant catalyst propelling market growth. |
| Market Restraints | • The growth of the QR code payments market is being hindered by the increasing number of data breaches and security issues. |
Ans. • Grocery providers and retailers are gradually introducing QR code payment options, allowing customers to make contactless payments.
•The rapid demand for fast and hassle-free transaction services has become a key driving force behind the growth of the QR code payment market.
Ans: The market is expected to grow to USD 33.81 billion by the forecast period of 2030.
Ans: There are three options available to purchase this report,
A. Single User License USD 4650
Features: A non-printable PDF to be accessed by just one user at a time
1. No Excel would be delivered along with the PDF
2. 1 complimentary analyst briefing session of 30 minutes to be provided post-purchase and delivery of the study
3. 1 complimentary update to be provided after 6 months of purchase
4. Additional 80 analyst hours of free customization to add extra slices of information that might be missing from the study
B. Enterprise User License: USD 6,450
Features:
1. A printable/ sharable and downloadable PDF
2. No limit over the number of users
3. An Excel spreadsheet would be delivered along with the PDF
4. 2 complimentary analyst briefing sessions of 30 minutes each to be provided post-purchase and delivery of the study
5. 2 complimentary updates to be provided within 1 year of purchase
6. Additional 100 analyst hours of free customization to add extra slices of information that might be missing from the study.
C: Excel Datasheet: USD 2,325
1. ME sheet is provided in Excel format.
2. 1 complimentary analyst briefing session of 30 minutes to be provided post-purchase and delivery of the study
Ans. The CAGR of the QR code payments market for the forecast period 2022-2030 is 17.2%.
Ans. The Major players in the market are PayPal Holdings Inc., Google LLC, UnionPay International Co. Ltd, LINE Pay Corporation, Barclays, Revolut Ltd, Tencent, Square, Inc., Alibaba.com, Ecentric Payment Systems, One97 Communications Limited (Paytm), and others in the final Report.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. QR code Payments Market Segmentation, By Offering
8.1 Solutions
8.1.1 Static QR Code
8.1.2 Dynamic QR Code
8.2 Services
9. QR code Payments Market Segmentation, By Transaction Channel
9.1 Face-to-Face
9.2 Remote
10. QR code Payments Market Segmentation, By Payment Type
10.1 Push Payment
10.2 Pull Payment
11. QR code Payments Market Segmentation, By End User
11.1 Restaurant
11.2 Retail & E-Commerce
11.3 E-Ticket Booking
11.4 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America QR code Payments Market By Country
12.2.2 North America QR code Payments Market By Offering
12.2.3 North America QR code Payments Market By Transaction Channel
12.2.4 North America QR code Payments Market By Payment Type
12.2.5 North America QR code Payments Market By End User
12.2.6 USA
12.2.6.1 USA QR code Payments Market By Offering
12.2.6.2 USA QR code Payments Market By Transaction Channel
12.2.6.3 USA QR code Payments Market By Payment Type
12.2.6.4 USA QR code Payments Market By End User
12.2.7 Canada
12.2.7.1 Canada QR code Payments Market By Offering
12.2.7.2 Canada QR code Payments Market By Transaction Channel
12.2.7.3 Canada QR code Payments Market By Payment Type
12.2.7.4 Canada QR code Payments Market By End User
12.2.8 Mexico
12.2.8.1 Mexico QR code Payments Market By Offering
12.2.8.2 Mexico QR code Payments Market By Transaction Channel
12.2.8.3 Mexico QR code Payments Market By Payment Type
12.2.8.4 Mexico QR code Payments Market By End User
12.3 Europe
12.3.1 Eastern Europe
12.3.1.1 Eastern Europe QR code Payments Market By Country
12.3.1.2 Eastern Europe QR code Payments Market By Offering
12.3.1.3 Eastern Europe QR code Payments Market By Transaction Channel
12.3.1.4 Eastern Europe QR code Payments Market By Payment Type
12.3.1.5 Eastern Europe QR code Payments Market By End User
12.3.1.6 Poland
12.3.1.6.1 Poland QR code Payments Market By Offering
12.3.1.6.2 Poland QR code Payments Market By Transaction Channel
12.3.1.6.3 Poland QR code Payments Market By Payment Type
12.3.1.6.4 Poland QR code Payments Market By End User
12.3.1.7 Romania
12.3.1.7.1 Romania QR code Payments Market By Offering
12.3.1.7.2 Romania QR code Payments Market By Transaction Channel
12.3.1.7.3 Romania QR code Payments Market By Payment Type
12.3.1.7.4 Romania QR code Payments Market By End User
12.3.1.8 Hungary
12.3.1.8.1 Hungary QR code Payments Market By Offering
12.3.1.8.2 Hungary QR code Payments Market By Transaction Channel
12.3.1.8.3 Hungary QR code Payments Market By Payment Type
12.3.1.8.4 Hungary QR code Payments Market By End User
12.3.1.9 Turkey
12.3.1.9.1 Turkey QR code Payments Market By Offering
12.3.1.9.2 Turkey QR code Payments Market By Transaction Channel
12.3.1.9.3 Turkey QR code Payments Market By Payment Type
12.3.1.9.4 Turkey QR code Payments Market By End User
12.3.1.10 Rest of Eastern Europe
12.3.1.10.1 Rest of Eastern Europe QR code Payments Market By Offering
12.3.1.10.2 Rest of Eastern Europe QR code Payments Market By Transaction Channel
12.3.1.10.3 Rest of Eastern Europe QR code Payments Market By Payment Type
12.3.1.10.4 Rest of Eastern Europe QR code Payments Market By End User
12.3.2 Western Europe
12.3.2.1 Western Europe QR code Payments Market By Country
12.3.2.2 Western Europe QR code Payments Market By Offering
12.3.2.3 Western Europe QR code Payments Market By Transaction Channel
12.3.2.4 Western Europe QR code Payments Market By Payment Type
12.3.2.5 Western Europe QR code Payments Market By End User
12.3.2.6 Germany
12.3.2.6.1 Germany QR code Payments Market By Offering
12.3.2.6.2 Germany QR code Payments Market By Transaction Channel
12.3.2.6.3 Germany QR code Payments Market By Payment Type
12.3.2.6.4 Germany QR code Payments Market By End User
12.3.2.7 France
12.3.2.7.1 France QR code Payments Market By Offering
12.3.2.7.2 France QR code Payments Market By Transaction Channel
12.3.2.7.3 France QR code Payments Market By Payment Type
12.3.2.7.4 France QR code Payments Market By End User
12.3.2.8 UK
12.3.2.8.1 UK QR code Payments Market By Offering
12.3.2.8.2 UK QR code Payments Market By Transaction Channel
12.3.2.8.3 UK QR code Payments Market By Payment Type
12.3.2.8.4 UK QR code Payments Market By End User
12.3.2.9 Italy
12.3.2.9.1 Italy QR code Payments Market By Offering
12.3.2.9.2 Italy QR code Payments Market By Transaction Channel
12.3.2.9.3 Italy QR code Payments Market By Payment Type
12.3.2.9.4 Italy QR code Payments Market By End User
12.3.2.10 Spain
12.3.2.10.1 Spain QR code Payments Market By Offering
12.3.2.10.2 Spain QR code Payments Market By Transaction Channel
12.3.2.10.3 Spain QR code Payments Market By Payment Type
12.3.2.10.4 Spain QR code Payments Market By End User
12.3.2.11 Netherlands
12.3.2.11.1 Netherlands QR code Payments Market By Offering
12.3.2.11.2 Netherlands QR code Payments Market By Transaction Channel
12.3.2.11.3 Netherlands QR code Payments Market By Payment Type
12.3.2.11.4 Netherlands QR code Payments Market By End User
12.3.2.12 Switzerland
12.3.2.12.1 Switzerland QR code Payments Market By Offering
12.3.2.12.2 Switzerland QR code Payments Market By Transaction Channel
12.3.2.12.3 Switzerland QR code Payments Market By Payment Type
12.3.2.12.4 Switzerland QR code Payments Market By End User
12.3.2.13 Austria
12.3.2.13.1 Austria QR code Payments Market By Offering
12.3.2.13.2 Austria QR code Payments Market By Transaction Channel
12.3.2.13.3 Austria QR code Payments Market By Payment Type
12.3.2.13.4 Austria QR code Payments Market By End User
12.3.2.14 Rest of Western Europe
12.3.2.14.1 Rest of Western Europe QR code Payments Market By Offering
12.3.2.14.2 Rest of Western Europe QR code Payments Market By Transaction Channel
12.3.2.14.3 Rest of Western Europe QR code Payments Market By Payment Type
12.3.2.14.4 Rest of Western Europe QR code Payments Market By End User
12.4 Asia-Pacific
12.4.1 Asia Pacific QR code Payments Market By Country
12.4.2 Asia Pacific QR code Payments Market By Offering
12.4.3 Asia Pacific QR code Payments Market By Transaction Channel
12.4.4 Asia Pacific QR code Payments Market By Payment Type
12.4.5 Asia Pacific QR code Payments Market By End User
12.4.6 China
12.4.6.1 China QR code Payments Market By Offering
12.4.6.2 China QR code Payments Market By Transaction Channel
12.4.6.3 China QR code Payments Market By Payment Type
12.4.6.4 China QR code Payments Market By End User
12.4.7 India
12.4.7.1 India QR code Payments Market By Offering
12.4.7.2 India QR code Payments Market By Transaction Channel
12.4.7.3 India QR code Payments Market By Payment Type
12.4.7.4 India QR code Payments Market By End User
12.4.8 Japan
12.4.8.1 Japan QR code Payments Market By Offering
12.4.8.2 Japan QR code Payments Market By Transaction Channel
12.4.8.3 Japan QR code Payments Market By Payment Type
12.4.8.4 Japan QR code Payments Market By End User
12.4.9 South Korea
12.4.9.1 South Korea QR code Payments Market By Offering
12.4.9.2 South Korea QR code Payments Market By Transaction Channel
12.4.9.3 South Korea QR code Payments Market By Payment Type
12.4.9.4 South Korea QR code Payments Market By End User
12.4.10 Vietnam
12.4.10.1 Vietnam QR code Payments Market By Offering
12.4.10.2 Vietnam QR code Payments Market By Transaction Channel
12.4.10.3 Vietnam QR code Payments Market By Payment Type
12.4.10.4 Vietnam QR code Payments Market By End User
12.4.11 Singapore
12.4.11.1 Singapore QR code Payments Market By Offering
12.4.11.2 Singapore QR code Payments Market By Transaction Channel
12.4.11.3 Singapore QR code Payments Market By Payment Type
12.4.11.4 Singapore QR code Payments Market By End User
12.4.12 Australia
12.4.12.1 Australia QR code Payments Market By Offering
12.4.12.2 Australia QR code Payments Market By Transaction Channel
12.4.12.3 Australia QR code Payments Market By Payment Type
12.4.12.4 Australia QR code Payments Market By End User
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific QR code Payments Market By Offering
12.4.13.2 Rest of Asia-Pacific QR code Payments Market By Transaction Channel
12.4.13.3 Rest of Asia-Pacific QR code Payments Market By Payment Type
12.4.13.4 Rest of Asia-Pacific QR code Payments Market By End User
12.5 Middle East & Africa
12.5.1 Middle East
12.5.1.1 Middle East QR code Payments Market By Country
12.5.1.2 Middle East QR code Payments Market By Offering
12.5.1.3 Middle East QR code Payments Market By Transaction Channel
12.5.1.4 Middle East QR code Payments Market By Payment Type
12.5.1.5 Middle East QR code Payments Market By End User
12.5.1.6 UAE
12.5.1.6.1 UAE QR code Payments Market By Offering
12.5.1.6.2 UAE QR code Payments Market By Transaction Channel
12.5.1.6.3 UAE QR code Payments Market By Payment Type
12.5.1.6.4 UAE QR code Payments Market By End User
12.5.1.7 Egypt
12.5.1.7.1 Egypt QR code Payments Market By Offering
12.5.1.7.2 Egypt QR code Payments Market By Transaction Channel
12.5.1.7.3 Egypt QR code Payments Market By Payment Type
12.5.1.7.4 Egypt QR code Payments Market By End User
12.5.1.8 Saudi Arabia
12.5.1.8.1 Saudi Arabia QR code Payments Market By Offering
12.5.1.8.2 Saudi Arabia QR code Payments Market By Transaction Channel
12.5.1.8.3 Saudi Arabia QR code Payments Market By Payment Type
12.5.1.8.4 Saudi Arabia QR code Payments Market By End User
12.5.1.9 Qatar
12.5.1.9.1 Qatar QR code Payments Market By Offering
12.5.1.9.2 Qatar QR code Payments Market By Transaction Channel
12.5.1.9.3 Qatar QR code Payments Market By Payment Type
12.5.1.9.4 Qatar QR code Payments Market By End User
12.5.1.10 Rest of Middle East
12.5.1.10.1 Rest of Middle East QR code Payments Market By Offering
12.5.1.10.2 Rest of Middle East QR code Payments Market By Transaction Channel
12.5.1.10.3 Rest of Middle East QR code Payments Market By Payment Type
12.5.1.10.4 Rest of Middle East QR code Payments Market By End User
12.5.2. Africa
12.5.2.1 Africa QR code Payments Market By Country
12.5.2.2 Africa QR code Payments Market By Offering
12.5.2.3 Africa QR code Payments Market By Transaction Channel
12.5.2.4 Africa QR code Payments Market By Payment Type
12.5.2.5 Africa QR code Payments Market By End User
12.5.2.6 Nigeria
12.5.2.6.1 Nigeria QR code Payments Market By Offering
12.5.2.6.2 Nigeria QR code Payments Market By Transaction Channel
12.5.2.6.3 Nigeria QR code Payments Market By Payment Type
12.5.2.6.4 Nigeria QR code Payments Market By End User
12.5.2.7 South Africa
12.5.2.7.1 South Africa QR code Payments Market By Offering
12.5.2.7.2 South Africa QR code Payments Market By Transaction Channel
12.5.2.7.3 South Africa QR code Payments Market By Payment Type
12.5.2.7.4 South Africa QR code Payments Market By End User
12.5.2.8 Rest of Africa
12.5.2.8.1 Rest of Africa QR code Payments Market By Offering
12.5.2.8.2 Rest of Africa QR code Payments Market By Transaction Channel
12.5.2.8.3 Rest of Africa QR code Payments Market By Payment Type
12.5.2.8.4 Rest of Africa QR code Payments Market By End User
12.6. Latin America
12.6.1 Latin America QR code Payments Market By Country
12.6.2 Latin America QR code Payments Market By Offering
12.6.3 Latin America QR code Payments Market By Transaction Channel
12.6.4 Latin America QR code Payments Market By Payment Type
12.6.5 Latin America QR code Payments Market By End User
12.6.6 Brazil
12.6.6.1 Brazil QR code Payments Market By Offering
12.6.6.2 Brazil QR code Payments Market By Transaction Channel
12.6.6.3 Brazil QR code Payments Market By Payment Type
12.6.6.4 Brazil QR code Payments Market By End User
12.6.7 Argentina
12.6.7.1 Argentina QR code Payments Market By Offering
12.6.7.2 Argentina QR code Payments Market By Transaction Channel
12.6.7.3 Argentina QR code Payments Market By Payment Type
12.6.7.4 Argentina QR code Payments Market By End User
12.6.8 Colombia
12.6.8.1 Colombia QR code Payments Market By Offering
12.6.8.2 Colombia QR code Payments Market By Transaction Channel
12.6.8.3 Colombia QR code Payments Market By Payment Type
12.6.8.4 Colombia QR code Payments Market By End User
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America QR code Payments Market By Offering
12.6.9.2 Rest of Latin America QR code Payments Market By Transaction Channel
12.6.9.3 Rest of Latin America QR code Payments Market By Payment Type
12.6.9.4 Rest of Latin America QR code Payments Market By End User
13 Company Profile
13.1 PayPal Holdings Inc.
13.1.1 Company Overview
13.1.2 Financials
13.1.3 Product/Services/Offerings
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Google LLC.
13.2.1 Company Overview
13.2.2 Financials
13.2.3 Product/Services/Offerings
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 UnionPay International Co. Ltd.
13.3.1 Company Overview
13.3.2 Financials
13.3.3 Product/Services/Offerings
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 LINE Pay Corporation.
13.4.1 Company Overview
13.4.2 Financials
13.4.3 Product/Services/Offerings
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Barclays.
13.5.1 Company Overview
13.5.2 Financials
13.5.3 Product/Services/Offerings
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Tencent.
13.6.1 Company Overview
13.6.2 Financials
13.6.3 Product/Services/Offerings
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Square, Inc.
13.7.1 Company Overview
13.7.2 Financials
13.7.3 Product/Services/Offerings
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Alibaba.com.
13.8.1 Company Overview
13.8.2 Financials
13.8.3 Product/Services/Offerings
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 One97 Communications Limited (Paytm).
13.9.1 Company Overview
13.9.2 Financials
13.9.3 Product/Services/Offerings
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Ecentric Payment Systems.
13.10.1 Company Overview
13.10.2 Financials
13.10.3 Product/Services/Offerings
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3 Mergers & Acquisitions
15. USE Cases and Best Practices
16. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The E-Invoicing Market size was valued at USD 10.92 Bn in 2022 and is expected to reach USD 46.68 Bn by 2030, and grow at a CAGR of 19.91% over the forecast period 2023-2030.
The Expense Management Market size was valued at USD 6.62 billion in 2022 and is expected to grow to USD 13.15 billion by 2030 and grow at a CAGR of 8.96 % over the forecast period of 2023-2030.
Wireless Microphone Market size was valued at USD 1.82 billion in 2022 and is expected to grow to USD 3.76 billion by 2030 and grow at a CAGR of 9.52 % over the forecast period of 2023-2030.
The Partner Relationship Management Market size was USD 73.1 billion in 2022 and is expected to Reach USD 246.3 billion by 2030 and grow at a CAGR of 16.4% over the forecast period of 2023-2030.
The Wearable Technology Market size was valued at USD 70.32 billion in 2023 and is expected to grow to USD 210.66 billion by 2031 and grow at a CAGR of 15% over the forecast period of 2024-2031.
The Workplace Transformation Market size was valued at USD 20.36 Bn in 2022 and is expected to reach at USD 78.27 Bn by 2030, and grow at a CAGR of 18.33% over the forecast period 2023-2030.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
