How big is the QR Codes Market?

The QR Codes Market size is expected to reach USD 10.5 billion in 2024 and grow at a CAGR of 16.67% to reach USD 22.69 billion by 2029. Read More

What is the current QR Codes Market size?

In 2024, the QR Codes Market size is expected to reach USD 10.5 billion. Read More

Who are the key players in QR Codes Market?

Uniqode Phygital, Inc., UnionPay International Co., Ltd., Block, Inc. (Square), Clover Network, LLC and PayPal, Inc. are the major companies operating in the QR Codes Market. Read More

Which is the fastest growing region in QR Codes Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in QR Codes Market?

In 2024, the North America accounts for the largest market share in QR Codes Market. Read More

What years does this QR Codes Market cover, and what was the market size in 2023?

In 2023, the QR Codes Market size was estimated at USD 8.75 billion. The report covers the QR Codes Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the QR Codes Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

QR Codes Market Size & Share Analysis - Industry Research Report

Qr Codes Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The QR Codes Market Report is Segmented by QR Code Type (Website QR Code, Menu QR Code, File Download QR Code, Social Media QR Code, App Store QR Code, and Others), by Format (Static QR Code and Dynamic QR Code), by End-User Application (Marketing and Advertising, Payments and Transactions, Information Sharing, Customer Engagement, and Others), and by Geography (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

QR Codes Industry Overview

The QR Codes Market is fragmented, with several major players, such as Uniqode Phygital Inc., PayPal Inc., UnionPay International Co. Ltd, and Clover Network LLC, among others. These market players strive to innovate new products through extensive investments in R&D, collaborations, and mergers to cater to consumers' evolving demands.

• July 2024 - The Open Network for Digital Commerce (ONDC) introduced an interoperable QR code to empower a diverse range of sellers, from local artisans to neighborhood shopkeepers. As per the company's announcement, these interoperable QR codes are presently in their alpha phase. They enable sellers to create a unique QR code. Customers can scan this code using any ONDC-registered buyer app, beginning with Magician and Paytm. The feature is set to expand across the entire network following initial testing.

• July 2024 - The National Payments Corporation of India expanded its UPI payments service to the United Arab Emirates. Indian travelers or NRIs in the UAE will be able to make payments using UPI through a QR code at Point-of-Sale machines.