Contactless Payments Market Expected to Grow at CAGR of +20% by 2025 – Know About Technology Aspects, Analysis by Regions, Future Outlook, Competitive Analysis by Focusing Top Companies
This market research report on Contactless Payments Market studied by Device Type (Mobile Handsets, Point of Sale Terminals, NFC Chips, Smart Cards, and Others), Industry Vertical (BFSI, Retail, IT & Telecom, Transportation, Hospitality, Government, and Others) and Region.
Tokyo, Japan -- (SBWire) -- 02/28/2019 --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.
The Global Contactless Payments Market size is estimated to grow at a CAGR of +20% during forecast period.
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The global contactless payments market is segmented based on device type, industry vertical, and region. Based on device type, it is divided into mobile handsets, point of sale terminals, NFC chips, smart cards, and others. On the basis of industry vertical, it is classified into BFSI, retail, IT & telecom, transportation, hospitality, government, and others. The market is analyzed based on region across North America, Europe, Asia-Pacific, and LAMEA including country level analysis for each region.
Top Companies Profiled in this Report includes, Gemalto N.V., Giesecke & Devrient GmbH, Visa Inc., Ingenico Group SA, On Track Innovations (OTI) Ltd, Heartland Payment Systems, Verifone Systems Inc., Oberthur Technologies Morpho, Thales Group, Wirecard AG
New research report takes a close and analytical look at the various companies that strive for a higher share of the global Contactless Payments market. Data on the leading and fastest-growing segments along with what drives them has been given. This report implements a balanced mix of primary and secondary research methodologies for its analysis. The market is segmented on the basis of key criteria. For this purpose, a section dedicated to company profiles has been included in the report.
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Apart from this, the research report offers the vital key segmentation of the market that merges on the development rate of Contactless Payments market. The key drivers, opportunities, difficulties and the forthcoming trends of the market is well explained to the viewers for their better understanding. Similarly, its key products, end users, applications and technological details are emphasized in this report. It also examines the growth status in the regions like North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The major difficulties that can hinder the growth of the market is also mentioned in the report.
Contactless Payments Market segment by Type, the product can be split into
- Payment Terminal Solution
- Transaction Management
- Security and Fraud Management
- Hosted point-of-sales
Contactless Payments Market segment by Application, Contactless Payments can be split into
Key questions answered in the report include
- What will the market size and the growth rate be in 2025?
- What are the key factors driving the global Contactless Payments market?
- What are the key market trends impacting the growth of the global Contactless Payments market?
- What are the challenges to market growth?
- Who are the key vendors in the global Contactless Payments market?
- What are the market opportunities and threats faced by the vendors in the global Contactless Payments market?
- Trending factors influencing the market shares of the APAC, Europe, North America, and ROW.
- What are the key outcomes of the five forces analysis of the global Contactless Payments market?
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