Introduction
Global Contactless Payment Market, By Technology (Radio Frequency Identification, Near Field Communication, Host Card Emulation), Payment Mode (Smartphones, Smartcards, Others), Component (Hardware, Services, Solutions), Operational Frequency (Low Frequency, High Frequency, Ultra High Frequency), Transaction Models (Speedpass, E-Z Pass, Track 1 and Track 2 Data, EMV Card, Offline Stored Value Card), Vertical (Banking, Financial Services and Insurance (BFSI), Retail, Healthcare, Hospitality, Energy and Utilities, Transportation and Logistics, Other Verticals), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Contactless Payment Market Analysis/ Insight
Contactless payment market is expected to reach USD 24.08 billion by 2028 witnessing market growth at a rate of 11.20% in the forecast period of 2021 to 2028. Data Bridge Market Research report on contactless payment market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Contactless Payment Market Advertising Trends Segmentation
It is fragmented on the basis of type
Technology
Radio Frequency Identification, Near Field Communication, Host Card Emulation
Payment Mode
Smartphones, Smartcards, Others
Component
Hardware, Services, Solutions
Operational Frequency
Low Frequency, High Frequency, Ultra High Frequency
Transactional Models
Speedpass, E-Z Pass, Track 1 and Track 2 Data, EMV Card, Offline Stored Value Card
Vertical
Banking, Financial Services and Insurance (BFSI), Retail, Healthcare, Hospitality, Energy and Utilities, Transportation and Logistics, Other Verticals
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Contactless Payment Market Industry Country Level Analysis
Contactless payment market is analysed and market size, volume information is provided by country, technology, payment mode, component, operational frequency, transaction models and vertical as referenced above.
The countries covered in the contactless payment market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Contactless Payment Market Scope and Size
Contactless payment market is segmented on the basis of technology, payment mode, component, operational frequency, transaction models and vertical. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Contactless Payment Market Share Analysis
Contactless payment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to contactless payment market.
Competitive Landscape
The major players covered in the contactless payment market report are Thales Group; Infineon Technologies AG; Ingenico.; Wirecard; VeriFone, Inc.; Giesecke+Devrient; IDEMIA; On Track Innovations LTD; Identiv, Inc.; CPI Card Group Inc.; BITEL CO.,LTD.; Setomatic Systems; Valitor.; PAX Global Technology Limited.; MYPINPAD Ltd; Mobeewave; alcineo; Castles Technology; SumUp Inc.; PAYCORE; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Major TOC of the Contactless Payment Market Advertising Report
Chapter One: Introduction
Chapter Two: Market Analysis/Insights
Chapter Three: Advertising Trend Segmentation
Chapter Four: Industry Country Level Analysis
Chapter Five: Market Scope and Size
Chapter Six: Market Share Analysis
Chapter Seven: Competitive Landscape
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Contactless Payment Market report published by Value Market Research, which studies the future outlook of the market.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2019-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Contactless Payment include Gemalto, Heartland Payment Systems, Inc., Visa Inc., Verifone, Giesecke & Devrient GmbH, Ingenico Group SA, IDEMIA, Wirecard AG., On Track Innovations Ltd., and Thales Group.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Contactless Payment Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/contactless-payment-market/download-sampleMarket SegmentationThe broad Contactless Payment has been sub-grouped into the Devices, Solution, Application and Region.
The report studies these subsets with respect to the geographical segmentation.
The strategists can gain a detailed insight and devise appropriate strategies to target specific market.
Global Contactless Payment Market Research Report: By Technology (radio frequency identification, near field communication, host card emulation), Component [Hardware (Point of sale, Cards, Others), Solution and Service [Consulting, Integration and deployment, Support and maintenance)], Payment Mode (smartphones, smartcards, others), Vertical (BFSI, Hospitality & Travel, Media & Entertainment, Retail, Transportation & Logistics, Healthcare and others), Region (North America, Europe, Asia Pacific, Middle East & Africa and South America) - Forecast till 2025Market SnapshotAccording to MRFR, global Contactless Payment Market is expected to register a CAGR of 11.2% during the review period of 2019 to 2025.Market HighlightsA variety of factors lead to the growth of contactless payment systems such as innovation of contactless payment technologies, increased recognition among buyers of plastic currency, increased purchasing frequency and the need for quick checkout time without the hassle of waiting in long queues.
With the increasing integration of contactless payment technology into mobile handsets and smart phones, demand for contactless payment solutions has grown immensely across all countries.
Retailers are modernizing their brick-and - mortar shops to offer quality customer support and opening up online outlets to raise sales.
Mobile payments at retail stores have helped accelerate the transaction process and decrease counter queues.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/9558The lack of awareness of contactless payment offers, however, and the lack of adequate infrastructure are hampering market growth.
The initial implementation cost, policy restriction on the number of contactless payment transactions per day and the amount cap that can be transacted per day are few contactless payment shortfalls that impede the growth of the contactless payment industry.
The risk of spyware, malware, and virus attacks resulting from the use of numerous systems is limiting the global adoption of contactless payment.Market SegmentationThe Global Contactless Payment Market has been segmented based on component, payment mode, technology, vertical, and region.Based on Technology, the market has been segmented into near field communication, radio frequency identification, and host card emulation.Based on the Component, the market has been segmented into solution, hardware, and service.
According to a new research report "Contactless Payment Market by Solution (Payment Terminal, Mobile Payment, Transaction & Data Management, Security and Fraud Management), Service (Professional, Managed), Payment Mode (Mobile Handsets, Smart Cards), Vertical - Global Forecast to 2021", published by MarketsandMarkets™, the Contactless Payment Market size is expected to grow from USD 6.70 Billion in 2016 to USD 17.56 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 21.2% during the forecast period.Ask for Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1313 The major drivers of this market include reduction in queuing and transaction time, increased convenience in making low value payments, ease of technology integration with existing cards, increased average transaction value, better customer insights, improved service delivery, and increased revenue opportunity.Multi-channel payment and value-added services segment is expected to be the most promising segments during the forecast periodThe Contactless Payment Market has been segmented into solutions, services, payment mode, and verticals.
However, mobile handsets are fast picking up as the most preferred mode of payment in the developing countries of the world as these are more secure and convenient for the customers to make their payments.Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=1313Presently, Europe contributes the maximum market share in the Contactless Payment MarketEurope is expected to hold the largest market share and dominate the Contactless Payment Market in 2016 due to technological advancement and increasing contactless smart card roll-outs in this region.
From 2016 to 2021, APAC is estimated to grow at the highest rate during this forecast period and is becoming a new hotspot for contactless payment vendors as a revenue generating region.
This growth is driven by increasing adoption of cloud-based contactless technology solutions in the region.The major vendors covered in the Contactless Payment Market for the study include Gemalto N.V., Giesecke & Devrient GmbH, Ingenico Group, VeriFone Systems Inc., Wirecard AG, Heartland Payment Systems Inc., INSIDE Secure, OTI, Oberthur Technologies SA, and Proxama PLC.MarketsandMarkets segments the Contactless Payment Market on the basis of solutions, services, payment mode, verticals, and region.
A detailed analysis of the key industry players has been done to provide insights into their business overview, products and services, key strategies, new product launches, mergers & acquisitions, partnerships, agreements, collaborations, and recent developments associated with the security analytics market.About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients.
