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Contactless Payments Market, by Device Type (Mobile Handsets, Point of Sale Terminals, NFC Chips, Smart Cards, Others) Industry Vertical (BFSI, Retail, IT & Telecom, Transportation, Hospitality, Government, Others) – Global Revenue, Trends, Growth, Share, Size, and Forecast to 2022

ICT260 August 2017 100+ FREE 10% CUSTOMIZATION

With advancement and developments in technology by key players, there has been a drastic change in the mobile payment methods. Now there are numerous payment devices such as mobile handsets, point of sale (POS) terminals, NFC chips, smart cards and others which have made payment methods convenient and easy to manage. The main job of contactless payments is to help make faster and safer payments. Smart cards are integrated with RFID or NFC technologies to make the payment more secure. NFC uses wireless communication technology for exchanging information between a device and POS terminal offering improved customer experience. Contactless payments are carried out in safe environment preventing unauthorized access during any transaction. This report studies the current and future aspects of contactless payments market.

The report on the global Contactless payments market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions. It also focuses on the growth drivers and restraints for the key market players during the forecast period.

KEY BENEFITS OF THE REPORT

  • In-depth analysis of the market ecosystem and its impact on the revenue growth
  • Understanding of the strategies that are being adopted by the key players in this market to stay competitive
  • Valuable insights into the key technological and market trends impacting this market

KEY PREMIUM INDUSTRY INSIGHTS

  • Contactless payments take less time and are safer than traditional transactions, hence the global market is estimated to grow at a fast pace during the forecasted period. Moreover, the payments are easy to manage as they do not require any pin or password to process the payment.
  • Contactless payments are more common in corporate environment as they offer faster, better and well-coordinated transactions. In addition, they offer security of card details, by storing the details in mobile phones in the form of subscriber identity module (SIM), secured chips, or secure digital card.
  • Hence, this is boosting the overall growth of global contactless payments market. However, lack of trust among the public is hampering the market growth. In addition, contactless cards are accepted less as compared to the traditional magnetic cards, which is acting as a major market restraint.

The contactless payments market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. Europe region holds the highest market share and is the largest revenue contributor of the contactless payments market. The region holds dominance because of technological advancements and rise in number of contactless smart cards. Next in line is the Asia-Pacific region which is witnessing a steady market growth during the forecasted period. The rise in number of contactless payment vendors is promoting the growth of the market in this region. North America region is also growing and contributing in revenue generation due to increased adoption of cloud-based contactless technology solutions.

RESEARCH METHODOLOGY

The research methodology for Scalar Market Research’s contactless payments market report utilizes a combination of top-down and bottom-up research formats. Our primary focus on continuous market tracking, rigorous fact-checking, data-triangulation, and multiple layers of quality control ensures high-quality data that can be leveraged for actionable research insights.

To know about the assumptions considered for the study, Download PDF Sample.

MARKET SEGMENTATION

This report analyzes the contactless payments market by the following segments:

  • Contactless Payments Market, by Device Type
    • Mobile Handsets
    • Point of Sale Terminals
    • NFC Chips
    • Smart Cards
    • Others
  • Contactless Payments Market, by Industry Vertical
    • BFSI
    • Retail
    • IT & Telecom
    • Transportation
    • Hospitality
    • Government
    • Others

KEY MARKET PLAYERS

Key players in the contactless payments market include:

  • Ingenico group
  • Verifone systems, inc.
  • Inside secure
  • On track innovations
  • Oberthur technologies sa
  • Proxama, plc.
  • Wirecard ag
  • Gemalto n.v.
  • Heartland payment systems, inc.

GEOGRAPHIC COVERAGE AND ANALYSIS

This granular market research report covers the following geographic regions in great detail:

  • NORTH AMERICA
    • U.S.
    • Rest of North America
  • EUROPE
    • France
    • Germany
    • U.K.
    • Rest of Europe
  • ASIA-PACIFIC
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • MIDDLE EAST & AFRICA
    • GCC
    • North Africa
    • South Africa
    • Rest of Middle East & Africa
  • LATIN AMERICA
    • Brazil
    • Rest of Latin America

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  1. MARKET OVERVIEW
    1. Market Definitions
    2. Research Methodology
    3. Market Segmentation
  2. EXECUTIVE SUMMARY
  3. MARKET DYNAMICS
    1. Drivers
    2. Restraints
    3. Opportunities
    4. Premium Industry Trends
  4. INDUSTRY ANALYSIS
    1. Value Chain Analysis
    2. Technology Roadmap
  5. CONTACTLESS PAYMENTS MARKET, BY DEVICE TYPE
    1. Segment Share
    2. By Device Type
      1. Mobile Handsets
      2. Point of Sale Terminals
      3. NFC Chips
      4. Smart Cards
      5. Others
  6. CONTACTLESS PAYMENTS MARKET, BY INDUSTRY VERTICAL
    1. Segment Share
    2. By industry Vertical
      1. BFSI
      2. Retail
      3. IT & Telecom
      4. Transportation
      5. Hospitality
      6. Government
      7. Others
  7. CONTACTLESS PAYMENTS MARKET, BY GEOGRAPHY
    1. Segment Share
    2. North America
      1. By Regions
        1. U.S.
        2. Rest of North America
      2. By Device Type
      3. By Industry Vertical
    3. Europe
      1. By Region
        1. France
        2. Germany
        3. U.K.
        4. Rest of Europe
      2. By Device Type
      3. By Industry Vertical
    4. Asia-Pacific
      1. By Region
        1. China
        2. India
        3. Japan
        4. Rest of Asia-Pacific
      2. By Device Type
      3. By Industry Vertical
    5. Middle East & Africa
      1. By Region
        1. GCC
        2. North Africa
        3. South Africa
        4. Rest of Middle East & Africa
      2. By Device Type
      3. By Industry Vertical
    6. Latin America
      1. By Region
        1. Brazil
        2. Rest of Latin America
      2. By Device Type
      3. By Industry Vertical
  8. COMPETITIVE LANDSCAPE
    1. Market Positioning of Key Players, 2016
    2. Key Innovators
  9. KEY MARKET PLAYERS
    1. Ingenico group
      1. Overview
      2. Key Strategies
      3. Key Developments
    2. Verifone systems, inc.
      1. Overview
      2. Key Strategies
      3. Key Developments
    3. Inside secure
      1. Overview
      2. Key Strategies
      3. Key Developments
    4. On track innovations
      1. Overview
      2. Key Strategies
      3. Key Developments
    5. Oberthur technologies sa
      1. Overview
      2. Key Strategies
      3. Key Developments
    6. Proxama, plc.
      1. Overview
      2. Key Strategies
      3. Key Developments
    7. Wirecard ag
      1. Overview
      2. Key Strategies
      3. Key Developments
    8. Gemalto n.v.
      1. Overview
      2. Key Strategies
      3. Key Developments
    9. Heartland payment systems, inc.
      1. Overview
      2. Key Strategies
      3. Key Developments
  10. SCALAR 360 DEGREE MARKET PERSPECTIVE
  11. APPENDIX
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