Contactless Payment Market size is expected to grow from USD 10.3 billion in 2020 to USD 18.0 billion by 2027, at (CAGR) of 11.7% during the forecast period.
The main benefit of contactless payments is that customers can complete transactions instantly with the tap of a card. This speed up transactions and makes contactless payments more efficient. With the increasing integration of contactless payment technology into mobile handsets and smartphones, the demand for contactless payment solutions has increased tremendously in all countries.
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Major vendors in the contactless payment market include Gemalto (Netherlands), Infineon (Germany), Ingenico (France), Wirecard (Germany), Verifone (US), Giesecke+Devrient (Germany), IDEMIA (France), On Track Innovations (Israel), Identiv (US), CPI Card Group (US), Bitel (South Korea), Setomatic Systems (US), Valitor (Iceland), PAX Global Technology (China),
By Component
- Hardware
- POS
- Cards
- Others (Wearables, readers, key fobs, and tags)
- Solutions
- Services
- Consulting
- Integration and Deployment
- Support and Maintenance
By Vertical:
- Retail
- Hospitality
- Healthcare
- Energy and Utilities
- Transportation and Logistics
- BFSI
- Others (Government, telecommunications, and education)
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Scope of the Report
The research study analyzes the global Contactless Payment industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Contactless Payment Market Report
1. What was the Contactless Payment Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Contactless Payment Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Contactless Payment Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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