The Contactless Payment Market size is expected to grow at an annual average of 5% during 2021-2027. Contactless payment is a way for users to pay with credit and debit cards that are truly inaccessible to others. This is done with the help of near field communication or radio frequency identification technology. The most common method is to tap a card on a PoS terminal, but smartphone manufacturers have created NFC-based systems such as Samsung Pay and Apple Pay, which are certified as contactless payment systems.
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The following segmentation are covered in this report:
By Application
- Managed Services
- Professional Services
- Multi-Channel Payment
By Type
- Smart Cards
- NFC Chips
- Point of Sale Terminals
- Mobile Handsets
- Other Devices
Company Profile
- American Express
- Thales
- Giesecke & Devrient
- Heartland Payment Systems
- Ingenico Group
- Inside Secure
- MasterCard Worldwide
- Microsoft
- Oberthur Technologies
- On Track innovations
- Opus Software Solutions
- Paypal
- Proxama
- Renesas Electronic
- Discover
The report covers the following objectives:
- Proliferation and maturation of trade in the global Contactless Payment Market
- The market share of the global Contactless Payment Market supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Contactless Payment Market
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Contactless Payment Market
Scope of the report
The research study analyses the Contactless Payment Market 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
- Market overview and growth analysis
- Import and export overview
- Volume analysis
- Current market trends and future outlook
- Market opportunistic and attractive investment segment
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Geographic coverage
- North america market size and/or volume
- Latin america market size and/or volume
- Europe market size and/or volume
- Asia-pacific market size and/or volume
- Rest of the world market size and/or volume
Key Questions Answered by Contactless Payment Market Report
- What was the Contactless Payment Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027)
- What will be the CAGR of Market during the forecast period (2021-2027)?
- Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
- Which manufacturer/vendor/players in the Contactless Payment Market was the market leader in 2020?
- Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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