Global In-Vehicle Payment Services Market: Regional Insights
North America is projected to dominate the global in-vehicle payment services market over the forecast period. This is owing to highest penetration of connected cars in the region, and presence of major technological giants such as Apple Inc. and Google Inc. for development of innovative capabilities and cultural changes for competing with market players based out of the region. These factors are driving growth of the market in the global in-vehicle payment services market.
Moreover, Asia Pacific is expected to gain major growth in the global in-vehicle payment services market during the forecast period. This growth can be attributed to increasing population and growing disposable income in the region. Moreover, the growing technological proliferation and innovations in payment industry of the region are also expected to fuel growth of the market in Asia Pacific region.
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