Harrisburg, NC -- (SBWire) -- 02/16/2019 --Global Contactless Payments Market Size, Status and Forecast 2025
The mobile payment industry has evolved over the past decade with advanced technologies and innovative developments by the key players for providing ease of payment using devices such as mobile handsets, point of sale terminals, NFC chips, smart cards, and others. Contactless payment systems comprise smart cards or other devices that integrate RFID or NFC technologies for making secure and contactless payment. Unlike mobile payments that are done through the internet, contactless payments are carried out in close physical proximity preventing unauthorized access during the transactions.
Near Field Communication (NFC) technology enables contactless payment by using standard-based wireless communication technology for exchanging information between a device and a point of sale terminal, thereby offering better and hassle-free customer experience. Moreover, NFC is used in mobile wallet, which is convenient for secured money transfers and ticketing transactions.
The Global Contactless Payments market is estimated to grow from USD 7.70 Billion in 2018 to USD 19.56 Billion by 2025, at a Compound Annual Growth Rate (CAGR) of 23.2% during 2018-2025.
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Top Leading Companies are: Gemalto N.V.,Visa Inc.,Giesecke & Devrient GmbH,Heartland Payment Systems,Verifone Systems Inc.,Ingenico Group SA,On Track Innovations (OTI) Ltd,Oberthur Technologies Morpho,Thales Group,Wirecard AG
On the basis of end-use industry, the global market for contactless payment transaction can be segmented into media and entertainment, healthcare, retail, hospitality, and transport. Amongst these segments, the retail sector has become the most ardent consumer of contactless payment transaction due to the need for swift, easy, and secure transfers. Furthermore, retail stores form an important part of the e-commerce industry, and this further propels demand within the global market for contactless payment transaction. The healthcare sector has also emerged as a key consumer of contact payment transaction services due to the advent of multiple healthcare apps.
Contents of the 15 Chapters for This Contactless Payments Market Study:-
Chapter 1, to describe Contactless Payments Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of Contactless Payments , with sales, revenue, and price of Contactless Payments , in 2017 and 2019;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2017 and 2019;
Chapter 4, to show the global market by regions, with sales, revenue and market share of Contactless Payments, for each region, from 2013 to 2019;
Chapter 5, 6, 7, 8 and 9, to analyze the key regions, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2019;
Chapter 12, Contactless Payments market forecast, by regions, type and application, with sales and revenue, from 2019 to 2025;
Chapter 13, 14 and 15, to describe Contactless Payments sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.
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Contactless Payments Market, by Type:
Payment Terminal Solution
Transaction Management
Security and Fraud Management
Hosted point-of-sales
Analytics
Contactless Payments Market, by Applications:
Retail
Transportation
Healthcare
Hospitality
Government
The demand for contactless payment transaction has been the highest across Europe, majorly due to the sophisticated retail sector in the region. Moreover, countries such as England, France, and Germany have inducted contactless payment transaction services across several sectors. The market for contactless payment transaction services in North America has been expanding on account of key developments in the media and entertainment industry in the US and Canada. Rising disposable income of the masses in China, Indonesia, and India has created growth opportunities within the market for contactless payment transaction in Asia Pacific.
The report will make detailed analysis mainly on the development environment, Market size, development trends, operation situation and future development trends of Contactless Payments Market on the basis of current situation of the industry in 2019 so as to make full comprehension and judgment on the competitive situation of Contactless Payments Market Carrier and assist manufacturers and investment organization to better grasp the development course of Contactless Payments Market.
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Important attributes of the report:
The 360-degree Contactless Payments overview based on a global and regional level.
Market share, value, volume, and production capacity is analyzed on global, regional and country level.
A complete and useful guide for new market aspirants.
Forecast information will drive strategic, innovative and profitable business plans.
SWOT analysis of players will pave the way for growth opportunities, risk analysis, investment feasibility and recommendations.
Lastly, the research methodology and data sources are offered in this report.
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Contactless Payments Market Rising Trends and Business Outlook 2019 to 2025