North America Qr Code Payments Market Size & Outlook
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North America qr code payments market highlights
- The North America qr code payments market generated a revenue of USD 3,520.6 million in 2024.
- The market is expected to grow at a CAGR of 19.4% from 2025 to 2033.
- In terms of segment, solution was the largest revenue generating offerings in 2024.
- Services is the most lucrative offerings segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2025 to 2033.
North America data book summary
| Market revenue in 2024 | USD 3,520.6 million |
| Market revenue in 2033 | USD 16,566.2 million |
| Growth rate | 19.4% (CAGR from 2025 to 2033) |
| Largest segment | Solution |
| Fastest growing segment | Services |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Services |
| Key market players worldwide | PaymentCloud, Clover, Revolut, Nearex, ACI Worldwide Inc, Ecentric, Block Inc Class A, UnionPay International, Line Pay, PayPal Holdings Inc |
Other key industry trends
- In terms of revenue, North America region accounted for 28.1% of the global qr code payments market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 18,915.6 million by 2033.
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QR Code Payments Market Scope
QR Code Payments Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Line Pay | View profile | 51-100 | Pathum Wan, Krung Thep, Thailand, Asia | https://line.me/en/pay |
| Ecentric | View profile | 101-250 | Cape Town, NA - South Africa, South Africa, Africa | http://www.ecentric.co.za/ |
| Nearex | View profile | 11-50 | Singapore, Central Region, Singapore, Asia | http://nearex.com/ |
| PaymentCloud | View profile | 51-100 | Encino, California, United States, North America | https://paymentcloudinc.com/ |
| UnionPay International | View profile | 501-1000 | Shanghai, Shanghai, China, Asia | http://www.unionpayintl.com/en |
| Revolut | View profile | 5001-10000 | London, England, United Kingdom, Europe | http://www.revolut.com |
| ACI Worldwide Inc | View profile | 3212 | 6060 Coventry Drive, Elkhorn, NE, United States, 68022 | https://www.aciworldwide.com |
| Clover | View profile | 11-50 | Bengaluru, Karnataka, India, Asia | https://www.clover.ag |
| Block Inc Class A | View profile | 12985 | 1955 Broadway, Suite 600, Oakland, CA, United States, 94612 | https://www.block.xyz |
| PayPal Holdings Inc | View profile | 27200 | 2211 North First Street, San Jose, CA, United States, 95131 | https://www.paypal.com |
North America qr code payments market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to qr code payments market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 77.24% in 2024. Horizon Databook has segmented the North America qr code payments market based on solution, services covering the revenue growth of each sub-segment from 2021 to 2033.
The North America regional market is expected to emerge at a significant rate over the forecast period. The region's growth is attributable to several factors, including high smartphone penetration, the popularity of digital payments, and a robust financial infrastructure. With a highly developed and mature economy, North America has a large and affluent consumer base that values convenience and speed in payment transactions.
The increasing adoption of mobile payments and digital wallets has fueled the growth of QR code payments in the region, with major players such as PayPal, Square, and Venmo offering QR code payment solutions. Moreover, the region has a highly competitive retail industry that has embraced QR code payments to offer customers a fast and convenient checkout experience.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America qr code payments market , including forecasts for subscribers. This continent databook contains high-level insights into North America qr code payments market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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North America qr code payments market size, by country, 2021-2033 (US$M)
North America QR Code Payments Market Outlook Share, 2024 & 2033 (US$M)
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