A Quick Response Code (QR) is a two-dimensional code capable of high-speed 360-degree reading and storing a greater amount of information per unit area.
PORTLAND, OREGON, UNITED STATES, September 22, 2021 /EINPresswire.com/ – According to a new report published by Allied Market Research, titled “QR code payment market by offer (solution and services), payment type (push payment and pull payment), transaction channel (face to face and remote) ), and end user (restaurant, retail and e-commerce, electronic ticket booking and others): Global opportunity analysis and industry forecast, 2021-2030. ” The report offered an overall analysis of the global QR code payments market taking into account all the crucial aspects such as growth factors, restraints, market developments, best pockets of investment, future prospects and trends. In the beginning, the report emphasizes the main trends and opportunities that may emerge in the near future and have a positive impact on the overall growth of the industry.
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The major drivers driving the growth of the market included in the report. Moreover, the challenges and restraining factors that may restrain the growth of the market are highlighted by analysts to prepare manufacturers for future challenges in advance.
The report presents detailed information about each of the major verticals of QR Code Payment end-users along with annual forecast till 2030. The report provides revenue forecast with sales and sales growth rate of the global market payments by QR codes. Forecasts are also given with respect to the product, application, and regional market segments. Forecasts are issued to understand the future outlook and outlook for the industry.
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The market is assessed on the basis of its regional penetration, explaining the market performance in each regional market covering provinces such as North America (United States, Canada, and Mexico), Europe (Germany, France, United United, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, Arab Emirates United, Egypt, Nigeria and South Africa)
The top 10 companies of the global QR Code Payments market are analyzed in the report along with their business overview, operations, financial analysis, SWOT profile, and QR Code payment products and services. The major players operating in the global QR code payment industry are Alibaba.com, Barclays, Google, LINE Pay Corporation, One97 Communications Limited (Paytm), PayPal, Revolut Ltd, Square, Inc., Tencent and UnionPay International Co. Ltd. .
The latest industry news and developments in terms of market expansions, acquisitions, growth strategies, joint ventures and collaborations, product launches, market expansions, etc. are included in the report.
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♦ The report provides qualitative and quantitative analysis of current QR Code payments market trends, forecast and market size from 2021 to 2030 that determine the existing opportunities.
♦ Porter’s Five Forces Analysis highlights the power of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
♦ The main impact factors and the main pockets of investment are highlighted in the research.
♦ The main countries in each region are analyzed and their contribution to turnover is mentioned.
♦ The market report also provides an understanding of the current position of market players active in the QR Code Payment industry.
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Highlights of the report:
♦ Competitive landscape of the QR code payments market.
♦ Revenues generated by each segment of the QR Code payment market by 2030.
♦ Factors expected to stimulate and create new opportunities in the QR code payment industry.
♦ Strategies to achieve sustainable market growth.
♦ Region that would create lucrative business opportunities during the forecast period.
Main impact factors of the QR code payments market.
Key market segments
o Static QR code
Merchant presented mode (MPM)
Client presented mode (CPM)
o Dynamic QR code
o Professional services
o Managed services
By payment type
• Push payment
• Payment by drawing
By transaction channel
• Face to face
• From a distance
By end user
• Retail and e-commerce
• Electronic ticket reservation
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Allied Market Research (AMR) is a Portland, Oregon-based market research and business consulting firm of Allied Analytics LLP. AMR offers market research reports, business solutions, consulting services and market intelligence across 11 verticals. By adopting in-depth research methodologies, AMR helps to help clients make strategic business decisions and achieve sustainable growth in their market areas. We are staffed with qualified analysts and experts and have extensive experience working with many Fortune 500 companies and small and medium enterprises.
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