1 / 7

In-Vehicle Payment Services Market Trends, Analysis & Forecast, 2028

Numerous industry players are, therefore, helping to drive this transformational change given that cars and other automobiles have been speculated to play a crucial role in the new era of connected devices. As opined by experts, in the years to come, consumers will be capable of turning their vehicles into autonomous ride-hailing taxis.

sudeepkedar77
Download Presentation

In-Vehicle Payment Services Market Trends, Analysis & Forecast, 2028

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. In-Vehicle Payment Services Market 2028: Top Vendors Analysis, Growth Drivers and Geographical Analysis

  2. Industry Insights • As per a recent research report, Global in-vehicle payment services market size is poised to surpass USD 10 billion by 2028 • The growing trend of digitalization has paved way for a pool of innovations across the in-vehicle payment services market. The increased product penetration can be attributed to a series of advancements comprising connectivity, autonomy, and electrification across the automotive sector. • Numerous industry players are, therefore, helping to drive this transformational change given that cars and other automobiles have been speculated to play a crucial role in the new era of connected devices. As opined by experts, in the years to come, consumers will be capable of turning their vehicles into autonomous ride-hailing taxis.

  3. The industry has recorded an increase in investment activities by several VC firms, further propelling the development of new products. • For instance, in September 2021, BP Ventures, the investing arm of oil and gas giant BP, announced an investment of €10 million in German in-car digital payments provider, Ryd. The capital infusion will help the company in the expansion of its service into international markets and the development of its offering. • According to studies, in-car payment services constitute one of the major human-machine-interface developments in the mobility sector. Over the coming years, these solutions are expected to record an increased demand following the rise in 5G penetration and the improvement of Wi-Fi connectivity across various regions. • Moreover, connected car technology provides several advantages such as connection with secure commerce opportunities, allowing customers to pay for fuel, fast food, groceries, and other convenience store items via their in-app or dashboard. • In a nutshell, the growing penetration of smartphones and a subsequent increase in awareness regarding modern vehicle communication technologies are expected to augment in-vehicle payment services market share through the ensuing years.

  4. Regional Analysis • The APAC in-vehicle payment services industry is expected to record substantial expansion over the estimated period owing to the rollout of contactless services by several regional players. Quoting an example, in June 2021, BMW India announced the launch of ‘Contactless Service’ for enabling vehicle servicing, eliminating the need for dealership visits by customers. • Under the service, the manufacturer will be handling everything including pick up, online payment, as well as virtual service consultation. Furthermore, the service also allows customers in reviewing service-related quotations, booking vehicle service, and making payments online via bmw-contactless.in. • Competitive Analysis • BMW AG • CarPay Diem Cerence Inc. • Daimler AG • General Motors Company • Gentex Corporation • Harman International IndustriesInc. • Honda Motor Company

  5. In-Vehicle Payment Services Market @ https://www.gminsights.com/industry-analysis/in-vehicle-payment-services-market Request for sample of this research report @ https://www.gminsights.com/request-sample/detail/3198 Request for customization: https://www.gminsights.com/roc/3198

  6. Stay In Touch Social Media:

  7. THANK YOU www.gminsights.com

More Related