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(MoneyNewsWire.Net, December 28, 2018 ) Global Contactless Payments Market Growth Status and Outlook 2018-2023
The mobile payment industry has evolved over the past decade with advanced technologies and innovative developments by the key players for providing ease of payment using devices such as mobile handsets, point of sale terminals, NFC chips, smart cards, and others. Contactless payment systems comprise smart cards or other devices that integrate RFID or NFC technologies for making secure and contactless payment. Unlike mobile payments that are done through the internet, contactless payments are carried out in close physical proximity preventing unauthorized access during the transaction(s).
The global contactless payments market is driven by reduced transaction time, convenience in processing low-value payments, and increased revenue opportunities. However, high costs involved for the installation of EPOS terminals and lower rate of adoption hamper the contactless payments market growth.
According to this study, over the next five years the Contactless Payments market will register a 23.1% CAGR in terms of revenue, the global market size will reach US$ 81600 million by 2023, from US$ 23400 million in 2017. In particular, this report presents the global revenue market share of key companies in Contactless Payments business, shared in Chapter 3.
This report presents a comprehensive overview, market shares and growth opportunities of Contactless Payments market by product type, application, key companies and key regions.
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Companies Profiled in this report includes: Ingenico Group, Verifone Systems, Inc., Inside Secure, on Track Innovations, Oberthur Technologies SA Proxama, PLC., Wirecard AG, Giesecke & Devrient GmbH, Gemalto N.V., Heartland Payment Systems, Inc.
This study considers the Contactless Payments value generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2013 to 2018, in Section 2.3; and forecast to 2023 in section 10.7.
Payment Terminal Solution
Transaction Management
Hosted Point-of-sale
Analytics
Segmentation by application: breakdown data from 2013 to 2018, in Section 2.4; and forecast to 2023 in section 10.8.
BFSI
Retail
IT & Telecom
Transportation
Hospitality
Government
Others
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Research objectives
To study and analyze the global Contactless Payments market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Contactless Payments market by identifying its various subsegments.
Focuses on the key global Contactless Payments players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Contactless Payments with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Contactless Payments submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Table of Content:
2018-2023 Global Contactless Payments Market Report (Status and Outlook)
1 Scope of the Report
2 Executive Summary
3 Global Contactless Payments by Players
4 Contactless Payments by Regions
5 Americas
6 APAC
7 Europe
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
10 Global Contactless Payments Market Forecast
11 Key Players Analysis
11.1 Ingenico Group
11.1.1 Company Details
11.1.2 Contactless Payments Product Offered
11.1.3 Ingenico Group Contactless Payments Revenue, Gross Margin and Market Share (2016-2018)
11.1.4 Main Business Overview
11.1.5 Ingenico Group News
11.2 Verifone Systems, Inc.
11.2.1 Company Details
11.2.2 Contactless Payments Product Offered
11.2.3 Verifone Systems, Inc. Contactless Payments Revenue, Gross Margin and Market Share (2016-2018)
11.2.4 Main Business Overview
11.2.5 Verifone Systems, Inc. News
11.3 Inside Secure
11.3.1 Company Details
11.3.2 Contactless Payments Product Offered
11.3.3 Inside Secure Contactless Payments Revenue, Gross Margin and Market Share (2016-2018)
11.3.4 Main Business Overview
11.3.5 Inside Secure News
11.4 on Track Innovations
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