A Peek At The Immediate Future of the Contactless Payment Market
Europe will dominate the Contactless Payment Market:
Europe will dominate the Contactless Payment Market during the forecast period. This is due to technological advancements and increasing usage of contactless smart cards in the region. North America and Asia Pacific follow suit. The growth of the contactless payment in North America is due to growing adoption of cloud based contactless technology solutions. Asia Pacific will be the fastest growing region with the growth of technology, development of infrastructure, and increasing technological penetration.
Selected Regulatory Analysis Done in the Full Report:
The contactless smart cards have a major share in the contactless payment modes. However, mobile handsets are expected to be the fastest growing segment in the developing countries of the world, since they are secure and convenient for the customers to make payments. This segment will have excellent opportunities in the Contactless Payment Market during the forecast period. The retail and consumer goods sector has “tap and go” transaction for speeding up the checkout process. Hence, this sector is expected to have a good growth in the market. Contactless payments will be used in businesses such as gas stations, movie theatres, convenience stores, and restaurants. In the travel and tourism sector, contactless payment is advantageous for travellers as it is easy and convenient.
Selected Driving Factors Mentioned in the Full Report
- Innovations in technologies such as Internet of things boosts the growth of contactless card machines.
- Growing demand for speedy transactions, especially in the retail and transport sector will propel the demand for contactless payment systems.
- Growing awareness of plastic money among the buyers will enhance the growth of contactless payment.
- Supply of cards with Near Field Communication (NFC) feature for contactless payment spurs the demand for the NFC smart card.
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Key Players of the Contactless Payment Market :The key players of the Contactless payment market include Gemalto NV, Ingenico Group, and Verifone Systems, Inc..Gemalto offers contactless transactions for customers in the form of contactless cards, mobiles, and wristbands. Igenico provides contactless payment options such as contactless credit cards and NFC enabled smartphones with payment systems such as Apple pay and Android pay. Verifone has recently announced its decision to enable North American payment devices for supporting Mastercard EMV transactions, including contact and contactless. Customers will have a faster checkout as a result.
The Contactless Payment Market is Segmented as Indicated Below:
Growing awareness of plastic money among buyers and increasing frequency of purchases provides opportunities for the Contactless Payment Market.
A. Contactless Payment Market By Solution 1. Payment Terminal Solution 2. Contactless Mobile Payment Solution 3. Device Management Solution 4. Transaction Management Solution 5. Data Management Solution 6. Security and Fraud Management Solution 7. Hosted POS Solution 8. Analytics Solution
B. Contactless Payment Market By Payment Mode 1. Mobile Handsets 2. Contactless Smart Cards 3. Contactless Form Factors
C. Contactless Payment Market By Application1. Government 2. BFSI 3. Telecommunication & IT 4. Transportation & Logistics 5. Energy & Utilities 6. Healthcare 7. Retail 8. Hospitality 9. Others
D. Contactless Payment Market By Geography (17+ countries)E. Contactless Payment Market Market EntropyF. Company Profiles
1. Gemalto N.V.2. Giesecke & Devrient GmbH3. Ingenico Group4. Verifone Systems, Inc.5. Wirecard AG6. Heartland Payment Systems, Inc.7. Inside Secure8. Oberthur Technologies Sa9. on Track Innovations10. Proxama, PLC
More than 10 companies are profiled in this report
G. Appendix: Abbreviations, Sources, Research Methodology, Bibliography, Compilation of Experts, Disclaimer.
What can you expect from the report?
The Contactless Payment Market Report is prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories2. Market Trends3. Manufacturer Landscape4. Distributor Landscape5. Pricing Analysis6. Top 10 End User Analysis7. Product Benchmarking8. Product Developments9. Mergers & Acquisition Analysis10. Patent Analysis11. Demand Analysis (By Revenue & Volume)12. Country level Analysis (15+)13. Competitor Analysis14. Market Shares Analysis15. Value Chain Analysis16. Supply Chain Analysis17. Strategic Analysis18. Current & Future Market Landscape Analysis19. Opportunity Analysis20. Revenue and Volume Analysis
Does IndustryARC publish country, geography, or application–based reports in Contactless Payment?Yes, we do have separate reports and database as mentioned below:1. Contactless Payment Market (2018-2023) 2. Europe Contactless Payment Market (2018-2023) 3. Asia Pacific Contactless Payment Market (2018-2023) 4. North America Contactless Payment Market (2018-2023) 5. Rest of the world Contactless Payment Market (2018-2023)6. Mobile Handsets Contactless Payment Market (2018-2023) 7. Contactless Smart Cards Payment Market (2018-2023)8. Contactless Form Factors Payment Market (2018-2023)
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Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customizations:
1. Increase the level of data in application or end user industry.2. Increase the number of countries in geography or product chapter.3. Find out market shares for other smaller companies or companies that are of interest to you4. Company profiles can be requested based on your interest.5. Patent analysis, pricing, product analysis, product benchmarking, and value and supply chain analysis can be requested for a country or end use segment.
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