IN-VEHICLE PAYMENT SERVICES MARKET ANALYSIS

In-Vehicle Payment Services MarketSize and Trends

The global in-vehicle payment services market size was valued at US$ 5.36 Billion in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 17.1% from 2023 to 2030.  Increasing demand for hassle free payments at parking slots, toll plazas and gas station is fuelling the growth of the global in-vehicle payment service market. Growing customer base to achieve convenience in vehicles, and technology innovation are also driving growth of the market. Furthermore, the growing penetration of smartphone among vehicle users is another factor driving the market growth.