(MoneyNewsWire.Net, November 06, 2018 ) The major players in the market are as follows:
Giesecke & Devrient GmbH
Verifone Systems, Inc.
on Track Innovations
Oberthur Technologies Sa
Heartland Payment Systems, Inc.
The Global Contactless Payment Market was valued at USD 6.81 billion in 2016 and is projected to reach USD 39.73 billion by 2025, growing at a CAGR of 21.65% from 2017 to 2025.
The contactless payment system is an addition to the point of sales payment system that functions on the basis of not using transactions that are traditional such as credit or debit card, as well as cash. The implementation of this method results in the user having to only place their mode of payment (i.e. card) in close distance to the hardware that is being used to cashier. This action itself, without the input of a PIN, will be enough to be able to complete the transaction. There are several advantages of using such a system as contactless payment, this system is easy to use, extremely convenient, especially in comparison to traditional payment methods as well as it increases the overall efficiency in the payment method.
With the rising need for contactless payment, the technology is now being implemented in smart phones. This results in the necessity of a more flexible integration of the system with the already existing cards as well as an increase in the average transaction value. The application of this practice has led to an overall decrease in transaction time as well as rise in the average transaction value. This technology advancement has led to the increase of the adoption of systems such as the dual faced chip technology. These factors are driving the market for contactless payment market. The lessening of the deployment costs, weak standardization, and the security concerns that are related to this market are factors that are restraining the growth of the market.
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Worldwide Contactless Payment Market Analysis to 2025 is a specialized and in-depth study of the Contactless Payment industry with a focus on the global market trend. The report aims to provide an overview of global Contactless Payment market with detailed market segmentation by product/application and geography. The global Contactless Payment market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the Contactless Payment players and offers key trends and opportunities in the market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Contactless Payment market based on product and application. It also provides market size and forecast till 2025 for overall Contactless Payment market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM), which is later sub-segmented by respective countries and segments. The report evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend and provides exhaustive PEST analysis for all five regions.
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Also, key Contactless Payment market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.
Table Of Content
1 Introduction Of The Global Contactless Payment
2 Executive Summary
3 Research Methodology Of Verified Market Intelligence
4 The Global Contactless Payment Outlook
5 The Global Contactless Payment, By Systems
6 The Global Contactless Payment, By Service
7 The Global Contactless Payment, By Verticals
8 The Global Contactless Payment, By Applications
9 The Global Contactless Payment, By Geography
10 The Global Contactless Payment Competitive Landscape
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