Pune, India -- (SBWIRE) -- 09/04/2019 -- The analysis includes addressable market, market by volume, market share by business type and by segment (external and in-house).The research study examines the Contactless Payments on the basis of a number of criteria, such as the product type, application, and its geographical presence.
Global Contactless Payments Market Overview:
The Global Contactless Payments Market research report is the investigation arranged by investigators, which contain a point by point examination of drivers, limitations, and openings alongside their effect on the Contactless Payments Market development (2019 - 2023).
Some of the significant key factors driving the growth of the Global Contactless Payments Market are reduction in queuing and transaction time, increased convenience in making low value payments, ease of integration with existing cards, increased average transaction value, better customer insights, improved service delivery, and increased revenue opportunity.
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The Global Contactless Payments Market is segmented on the basis of Solution, Payment Mode, Service, Application and Region. Based on the Solution, the market is classified into Payment Terminal Solution, Contactless Mobile Payment Solution, Device Management Solution, Transaction Management Solution, Data Management Solution, Security & Fraud Management Solution, Hosted POS Solution and Analytics Solution. On the basis of Payment Mode, the market is sub-segmented into Mobile Handsets, Contactless Smart Cards and Contactless Form Factors. Based on the Service, the market is divided into Professional Services, Managed Services and Multi-channel Payment & Value-added Services. On the basis of Application, the market is classified into Government, BFSI, Telecommunication & IT, Transportation & Logistics, Energy & Utilities, Healthcare, Retail, Hospitality, and others.
In terms of the regional analysis, Europe is expected to account for the largest share of the overall market in 2016 due to technological advancement and increasing contactless smart card roll-outs in the region. North America stands second in terms of market share. Asia-Pacific is the fastest growing region during the forecast period. The high growth rate in Asia-Pacific is attributed to the increasing technological adoption and growing number of contactless payment technology enabled mobile handsets in countries such as China, Japan, Australia, and India.
Current Business News:
Ingenico Group (May 22, 2019) – Radial and Ingenico Partner to Support Retailers in Offering a Better Payment Experience – Ingenico ePayments, the ecommerce division of Ingenico Group, announced it has been selected as the payment partner for Radial, a bpost group company. Radial provides services to some of the world's most popular retail brands and will leverage Ingenico's technology to help retailers maximize online and mobile sales while eliminating fraud risk.
Ingenico's payment services provide Radial an added layer of fraud protection to offer retailers on top of its existing use of machine learning and big data to guarantee zero fraud liability. The combined solution ensures retailers are able to maximize sales without exposing themselves or consumers to fraud risk.
Top Leading Key Manufacturers in Global Contactless Payments Market: Ingenico Group, Verifone Systems, Inside Secure, On Track Innovations, Oberthur Technologies, Proxama, Wirecard, Giesecke & Devrient, Gemalto, Heartland Payment Systems and others. New product launches and continuous technological innovations are the key strategies adopted by the major players.
With the presence of a large pool of participants, the Global Contactless Payments Market is displaying a highly competitive business landscape, finds a new research report by Business Industry Reports (BIR). Ingenico Group, Verifone Systems, Inside Secure, On Track Innovations, Oberthur Technologies, Proxama, Wirecard, Giesecke & Devrient, Gemalto, Heartland Payment Systems are some of the key vendors of Contactless Payments across the world. These players across Contactless Payments Market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products.
Region segment: This report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of Contactless Payments in these regions, from 2013 to 2023 (forecast), covering: North America, Europe, Asia Pacific, Middle East & Africa and South America
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Major Points in Table of Contents:
Global Contactless Payments Market Report 2019
1 Contactless Payments Product Definition
2 Global Contactless Payments Market Manufacturer Share and Market Overview
2.1 Global Manufacturer Contactless Payments Shipments
2.2 Global Manufacturer Contactless Payments Business Revenue
2.3 Global Contactless Payments Market Overview
3 Manufacturers Contactless Payments Business Introduction
3.1 Ingenico Group Contactless Payments Business Introduction
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