Albany, NY -- (SBWIRE) -- 02/22/2018 -- The global contactless payment transaction market is expected to flourish significantly in coming years owing to a headstrong competition among the manufacturers. Rivalry in the market has additionally escalated with the section of banks, card organizations, telecom organizations, and payment organizations generally. The simplicity of passage in the market is relied upon to witness inflow of new members to add to the fracture and rivalry regarding administration costs. Some of the significant players ruling the market are Barclays, Gemalto N.V., Ingenico Group, Verifone Systems Inc., Inside Secure, Wirecard AG, Apple Inc., Giesecke & Devrient GmbH, On Track Innovations Ltd., Heartland Payment Systems, and Samsung Elecrronics Ltd.

The portion of contactless card (NFC/RFID) is evaluated to contribute the main income to the worldwide contactless payment transaction market over the conjecture time frame. Fueled by the expanding selection of NFC-empowered smart wearable gadgets and developing utilization of contactless cards, Europe is foreseen to show generally expedient development among other key territorial sections. In the area, contactless cards is anticipated to contribute the main income sponsored by development in retail and transport end-utilize businesses.

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Contactless Payment Transaction Market: Overview

This report on the global contactless payment transaction market provides analysis for the period 2015–2025, wherein 2016 is the base year and the period from 2017 to 2025 is the forecast period. Data for 2015 has been included as historical information. The report covers market dynamics including drivers, restraints opportunities, and trends expected to influence the global contactless payment transaction market growth during the said period. Mode of payments that are playing a major role in the driving the global contactless payment transaction market have also been covered in the study.

The study provides a comprehensive analysis on market growth throughout the above forecast period in terms of revenue estimates (in US$ Bn), across different geographies. Contactless payment is a safe and sound method for consumers to buying products or services through credit card, debit card, contactless card (NFC/RFID), contactless wearable devices, and contactless mobile payment, by using NFC or RFID technology. Furthermore, in contactless payment consumer needs to tap their purchasing card near a sales desk which is known as "tap-and-go" also it does not require a PIN or signature.

Contactless Payment Transaction Market: Segmentation

The contactless payment transaction market has been segmented on the basis of mode of payment and end-use. Based on mode of payment, the market has been further classified into Contactless Card (NFC/RFID), Wearable Devices, Contactless Mobile Payment. By end-use, the market is further classified into Hospitality, Transport, Media & Entertainment, Retail, Healthcare, Others.

Geographically, the report classifies the global contactless payment transaction market into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America; the regions are analyzed in terms of revenue generation. Furthermore, the study also includes quantitative analysis of the competitive scenario for region wise prominent countries which covered in the report include the following - the U.S, Canada, Germany, France, the U.K., Poland, Sweden, China, India, Japan, Australia, South Korea, Taiwan, Singapore, UAE, Saudi Arabia, South Africa, Turkey, Brazil and Argentina. The market size and forecast for each region has been provided for the period from 2015 to 2025 along with the CAGR (%) for the forecast period from 2017 to 2025.

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Contactless Payment Transaction Market: Scope of the Report

The report also includes key industry developments in the contactless payment transaction market. Porter Five Force analysis is also included in the report. Ecosystem Analysis which identifies the process of distribution of the product in the contactless payments services is also covered in the report. The report also covers segment wise, market attractiveness analysis and market positioning analysis for all regions covered in the scope of study.

This report shows market attractiveness analysis for all the segments and for all the regions in the scope of study which identifies and compares segments market attractiveness on the basis of CAGR and market share index.

Contactless Payment Transaction Market: Competitive Landscape

The report also includes competition landscape which include competition matrix, market position analysis of major players in the global contactless payment based on their 2016 revenues, profiling of major players (Contactless Card (NFC/RFID), Wearable Devices, and Contactless Mobile Payment providers). Competition matrix benchmarks leading players on the basis of their capabilities and potential to grow. Factors including market position, offerings and R&D focus are attributed to company's capabilities. Factors including top line growth, market share, segment growth, infrastructure facilities and future outlook are attributed to company's potential to grow. This section also identifies and includes various recent developments carried out by the leading players.

Company profiling includes company overview, major business strategies adopted, SWOT analysis and market revenues for past years. The key players profiled in the global contactless payment transaction market include Apple Inc., Barclays, Gemalto N.V., Giesecke & Devrient GmbH, Heartland Payment Systems, Inc., Ingenico Group, Inside Secure, On Track Innovations LTD, Samsung Electronics Ltd., Verifone Systems, Inc., and Wirecard AG.

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The global contactless payment transaction market is segmented as below:

Global Contactless Payment Transaction Market, By Mode of Payment

Contactless Card (NFC/RFID)
Wearable Devices
Contactless Mobile Payment

Global Contactless Payment Transaction Market, By End-Use

Hospitality
Transport
Media & Entertainment
Retail
Healthcare
Others

Global Contactless Payment Transaction Market, By Geography

North America
The U.S.
Canada
Rest of North America
Europe
The U.K.
Germany
Poland
Sweden
France
Rest of Europe
Asia Pacific (APAC)
India
China
Japan
Australia
South Korea
Taiwan
Singapore
Rest of Asia Pacific
Middle East and Africa (MEA)
UAE
Turkey
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America