Global Contactless Payments Market Size, Industry Trends, Share and Forecast to 2027
According to the recent report published by Research Corridor, the global contactless payment market size was valued at more than USD 8 billion in 2019 and expected to grow at a significant CAGR of 15% during the forecast period 2020 to 2027. The demand for contactless payments is increasing significantly due to increased integration in mobile devices and smartphones. Increasing adaptation in contactless technology contributes the market growth. Around 50% of transactions in Europe are contactless. This latest industry research study analyzes the Contactless Payments market by various product segments, applications, regions and countries while assessing regional performances of numerous leading market participants.
The report titled "Contactless Payments Market - Global Trends, Market Share, Industry Size, Growth, Opportunities, and Forecast - 2020 – 2027" offers a holistic view of the Contactless Payments industry encompassing numerous stakeholders including raw material suppliers, providers, distributors, consumers and government agencies, among others. Furthermore, the report includes detailed quantitative and qualitative analysis of the global Contactless Payments market considering market history, product development, regional dynamics, competitive landscape, and key success factors (KSFs) in the industry.
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The report includes a deep-dive analysis of key countries including the U.S., Canada, the U.K., Germany, France, China, Japan, India, Australia, Mexico, Brazil and South Africa, among others. Thereby, the report identifies unique growth opportunities across the world based on trends occurring in various developed and developing economies.
Contactless Payments Market report summarizes the positive growth rate in upcoming years, and market size with competitive analysis. Our experts have analyzed the historical data to compare with the current market scenario to calculate the market growth in the coming years. The study provides an exhaustive report that includes an executive summary, scope, and forecast of the market.
The Contactless Payments Market Segmentation:
By Device:
- Smartphones and wearables
- PoS terminals
- Smart cards
By Solution:
- Payment Terminal Solution
- Transaction Management
- Security and Fraud Management
- Hosted Point-of-Sale
- Analytics
By Application:
- BFSI
- Retail
- Transportation
- Healthcare
- Hospitality
- Government
List of Key Companies:
- Gemalto
- Visa Inc.
- Giesecke & Devrient GmbH
- Heartland Payment Systems
- Verifone
- Ingenico Group SA
- On Track Innovations Ltd.
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By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Questions Answered by Contactless Payments Market Report
- Product popularity and adoption based on various country-level dynamics
- Regional presence and product development for leading market participants
- Market forecasts and trend analysis based on ongoing investments and economic growth in key countries
- Competitive landscape based on revenue, product offerings, years of presence, number of employees and market concentration, among others
- number of employees and market concentration, among others
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About Us:
Research Corridor is a global market research firm. Our insightful analysis is focused on developed and emerging markets. We identify trends and forecast markets with a view to aid businesses identify market opportunities optimize strategies. Our expert’s team of analysts provides enterprises with strategic insights. Research Corridor works to help enterprises grow through strategic insights and actionable solutions. Feel free to contact us for any report customization at [email protected] .
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