Global Contactless Payment Market
Global Contactless Payment Market was valued at USD 9.8 billion in 2019 which is expected to reach USD 18.85 billion by 2030 at a CAGR 11.9%.
Contactless payment method is important part of payments process in various industries. Many businesses are rapidly accepting contactless payments that are safe and highly convenient method. Basically contactless payment service is provided by banks. It is secure way of purchasing services or goods by using smart cards.
Market Drivers
Rise in adoption of new emergent system owing to technological advancements is the key driving factor which is expected to boost the global contactless payment market growth. For instance, in April 2020, Upgrade Inc., had launched first contactless and mobile payment versions of Upgrade card. It is available in digital form through Google pay and Apple pay. Furthermore, increase in penetration of smartphones will raise the need of contactless payment which is expected to propel the market growth. Moreover, increase in COVID 19 pandemic will have the positive impact on global contactless payment market growth. Due to increase in number of positive or confirmed cases of COVID 19 demand of contactless payment is increased. Contactless payments are helpful to protect consumers against COVID 19.
Market Restraints
However, safety and privacy concern is the challenging factor which is expected to hamper the global contactless payment market growth. Also, huge cost associated with deployment will affect the growth of global contactless payment industry.
Market Segmentation
Global Contactless Payment Market is segmented into devices such as Smart Cards, NFC Chips, Point of Sale Terminals, Mobile Handsets, and Others. Further, Global Contactless Payment Market is segmented into component such as Services (Professional Services, Multi-Channel Payment Services, and Managed Services), and Solutions (Device Management Solution, Data Management Solution, Contactless Mobile Payment Solution, and Others), and by vertical such as Government, IT and Telecommunication, Healthcare, BFSI, and Others.
Also, Global Contactless Payment Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as Heartland Payment Systems, Inc, Verifone Systems, Inc, Oberthur Technologies SA, Wirecard AG, Inside Secure, Giesecke & Devrient GmbH, Proxama, PLC, Ingenico Group, and Gemalto N.V.
Market Taxonomy
By Devices
By Component
By Vertical
By Region
Key Questions Addressed by the Report
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Contactless Payment Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Contactless Payment Market, By Devices
5.1 Y-o-Y Growth Comparison, By Devices
5.2 Global Contactless Payment Market Share Analysis, By Devices
5.3 Global Contactless Payment Market Size and Forecast, By Devices
5.3.1 Smart Cards
5.3.2NFC Chips
5.3.3Point of Sale Terminals
5.3.4 Mobile Handsets
5.3.5Others
6 Global Contactless Payment Market, By Components
6.1 Y-o-Y Growth Comparison, By Components
6.2 Global Contactless Payment Market Share Analysis, By Components
6.3 Global Contactless Payment Market Size and Forecast, By Components
6.3.1 Services
6.3.1.1Professional Services
6.3.1.2 Multi-Channel Payment Services
6.3.1.3 Managed Services
6.3.2 Solutions
6.3.2.1 Device Management Solution
6.3.2.2Data Management Solution
6.3.2.3Contactless Mobile Payment Solution
6.3.2.4Others
7 Global Contactless Payment Market, By Vertical
7.1 Y-o-Y Growth Comparison, By Vertical
7.2 Global Contactless Payment Market Share Analysis, By Vertical
7.3 Global Contactless Payment Market Size and Forecast, By Vertical
7.3.1 Government
7.3.2 IT & Telecommunication
7.3.3 Healthcare
7.3.4 BFSI
7.3.5 Others
8 Global Contactless Payment Market, By Region
8.1 Global Contactless Payment Market Share Analysis, By Region
8.2 Global Contactless Payment Market Share Analysis, By Region
8.3 Global Contactless Payment Market Size and Forecast, By Region
9 North America Contactless Payment Market Analysis and Forecast (2017 – 2030)
9.1 Introduction
9.2 North America Contactless Payment Market Share Analysis, By Devices
9.3 North America Contactless Payment Market Size and Forecast, By Components
9.4 North America Contactless Payment Market Size and Forecast, By Vertical
9.5 North America Contactless Payment Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Contactless Payment Market Analysis and Forecast (2017 – 2030)
10.1 Introduction
10.2 Europe Contactless Payment Market Share Analysis, By Devices
10.3 Europe Contactless Payment Market Size and Forecast, By Components
10.4 Europe Contactless Payment Market Size and Forecast, By Vertical
10.5 Europe Contactless Payment Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11 Asia Pacific Contactless Payment Market Analysis and Forecast (2017 – 2030)
11.1 Introduction
11.2 Asia Pacific Contactless Payment Market Share Analysis, By Devices
11.3 Asia Pacific Contactless Payment Market Size and Forecast, By Components
11.4 Asia Pacific Contactless Payment Market Size and Forecast, By Vertical
11.5 Asia Pacific Contactless Payment Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Contactless Payment Market Analysis and Forecast (2017 – 2030)
12.1 Introduction
12.2 Latin America Contactless Payment Market Share Analysis, By Devices
12.3 Latin America Contactless Payment Market Size and Forecast, By Components
12.4 Latin America Contactless Payment Market Size and Forecast, By Vertical
12.5 Latin America Contactless Payment Market Size and Forecast, Country
13 Middle East Contactless Payment Market Analysis and Forecast (2017 – 2030)
13.1 Introduction
13.2 Middle East Contactless Payment Market Share Analysis, By Devices
13.3 Middle East Contactless Payment Market Size and Forecast, By Components
13.4 Middle East Contactless Payment Market Size and Forecast, By Vertical
13.5 Middle East Contactless Payment Market Size and Forecast, By Country
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Heartland Payment Systems, Inc
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Verifone Systems, Inc
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Oberthur Technologies SA
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Wirecard AG
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Inside Secure
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Giesecke & Devrient GmbH
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Proxama, PLC
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Ingenico Group
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Gemalto N.V.
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
