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Contactless Payment-Global Market Insights and Sales Trends 2025
Synopsis
The global Contactless Payment market size is expected to reach US$ 23410 million by 2029, growing at a CAGR of 12.0% from 2023 to 2029. The market is mainly driven by the significant applications of Contactless Payment in various end use industries. The expanding demands from the Managed Services, Professional Services and Multi-Channel Payment,, are propelling Contactless Payment market. Smart Cards, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the NFC Chips segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Contactless Payment market, driven by demand from China, the second largest economy with some signs of stabilising, the Contactless Payment market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Contactless Payment, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Contactless Payment market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Contactless Payment market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Contactless Payment sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Contactless Payment covered in this report include American Express, Thales, Giesecke & Devrient, Heartland Payment Systems, Ingenico Group, Inside Secure, MasterCard Worldwide, Microsoft and Oberthur Technologies, etc.
The global Contactless Payment market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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
Verifone Systems
Visa
Wirecard
Apple
Google
Tencent
Alibaba
UnionPay
Chase
Global Contactless Payment market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Contactless Payment market, Segment by Type:
Smart Cards
NFC Chips
Point of Sale Terminals
Mobile Handsets
Other Devices
Global Contactless Payment market, by Application
Managed Services
Professional Services
Multi-Channel Payment
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Contactless Payment companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
The global Contactless Payment market size is expected to reach US$ 23410 million by 2029, growing at a CAGR of 12.0% from 2023 to 2029. The market is mainly driven by the significant applications of Contactless Payment in various end use industries. The expanding demands from the Managed Services, Professional Services and Multi-Channel Payment,, are propelling Contactless Payment market. Smart Cards, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the NFC Chips segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Contactless Payment market, driven by demand from China, the second largest economy with some signs of stabilising, the Contactless Payment market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Contactless Payment, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Contactless Payment market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Contactless Payment market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Contactless Payment sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Contactless Payment covered in this report include American Express, Thales, Giesecke & Devrient, Heartland Payment Systems, Ingenico Group, Inside Secure, MasterCard Worldwide, Microsoft and Oberthur Technologies, etc.
The global Contactless Payment market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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
Verifone Systems
Visa
Wirecard
Apple
Tencent
Alibaba
UnionPay
Chase
Global Contactless Payment market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Contactless Payment market, Segment by Type:
Smart Cards
NFC Chips
Point of Sale Terminals
Mobile Handsets
Other Devices
Global Contactless Payment market, by Application
Managed Services
Professional Services
Multi-Channel Payment
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Contactless Payment companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Contactless Payment
1.1 Contactless Payment Market Overview
1.1.1 Contactless Payment Product Scope
1.1.2 Contactless Payment Market Status and Outlook
1.2 Global Contactless Payment Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Contactless Payment Market Size by Region (2018-2029)
1.4 Global Contactless Payment Historic Market Size by Region (2018-2023)
1.5 Global Contactless Payment Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Contactless Payment Market Size (2018-2029)
1.6.1 North America Contactless Payment Market Size (2018-2029)
1.6.2 Europe Contactless Payment Market Size (2018-2029)
1.6.3 Asia-Pacific Contactless Payment Market Size (2018-2029)
1.6.4 Latin America Contactless Payment Market Size (2018-2029)
1.6.5 Middle East & Africa Contactless Payment Market Size (2018-2029)
2 Contactless Payment Market by Type
2.1 Introduction
2.1.1 Smart Cards
2.1.2 NFC Chips
2.1.3 Point of Sale Terminals
2.1.4 Mobile Handsets
2.1.5 Other Devices
2.2 Global Contactless Payment Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Contactless Payment Historic Market Size by Type (2018-2023)
2.2.2 Global Contactless Payment Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Contactless Payment Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Contactless Payment Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Contactless Payment Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Contactless Payment Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Contactless Payment Revenue Breakdown by Type (2018-2029)
3 Contactless Payment Market Overview by Application
3.1 Introduction
3.1.1 Managed Services
3.1.2 Professional Services
3.1.3 Multi-Channel Payment
3.2 Global Contactless Payment Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Contactless Payment Historic Market Size by Application (2018-2023)
3.2.2 Global Contactless Payment Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Contactless Payment Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Contactless Payment Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Contactless Payment Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Contactless Payment Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Contactless Payment Revenue Breakdown by Application (2018-2029)
4 Contactless Payment Competition Analysis by Players
4.1 Global Contactless Payment Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Contactless Payment as of 2022)
4.3 Date of Key Players Enter into Contactless Payment Market
4.4 Global Top Players Contactless Payment Headquarters and Area Served
4.5 Key Players Contactless Payment Product Solution and Service
4.6 Competitive Status
4.6.1 Contactless Payment Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 American Express
5.1.1 American Express Profile
5.1.2 American Express Main Business
5.1.3 American Express Contactless Payment Products, Services and Solutions
5.1.4 American Express Contactless Payment Revenue (US$ Million) & (2018-2023)
5.1.5 American Express Recent Developments
5.2 Thales
5.2.1 Thales Profile
5.2.2 Thales Main Business
5.2.3 Thales Contactless Payment Products, Services and Solutions
5.2.4 Thales Contactless Payment Revenue (US$ Million) & (2018-2023)
5.2.5 Thales Recent Developments
5.3 Giesecke & Devrient
5.3.1 Giesecke & Devrient Profile
5.3.2 Giesecke & Devrient Main Business
5.3.3 Giesecke & Devrient Contactless Payment Products, Services and Solutions
5.3.4 Giesecke & Devrient Contactless Payment Revenue (US$ Million) & (2018-2023)
5.3.5 Heartland Payment Systems Recent Developments
5.4 Heartland Payment Systems
5.4.1 Heartland Payment Systems Profile
5.4.2 Heartland Payment Systems Main Business
5.4.3 Heartland Payment Systems Contactless Payment Products, Services and Solutions
5.4.4 Heartland Payment Systems Contactless Payment Revenue (US$ Million) & (2018-2023)
5.4.5 Heartland Payment Systems Recent Developments
5.5 Ingenico Group
5.5.1 Ingenico Group Profile
5.5.2 Ingenico Group Main Business
5.5.3 Ingenico Group Contactless Payment Products, Services and Solutions
5.5.4 Ingenico Group Contactless Payment Revenue (US$ Million) & (2018-2023)
5.5.5 Ingenico Group Recent Developments
5.6 Inside Secure
5.6.1 Inside Secure Profile
5.6.2 Inside Secure Main Business
5.6.3 Inside Secure Contactless Payment Products, Services and Solutions
5.6.4 Inside Secure Contactless Payment Revenue (US$ Million) & (2018-2023)
5.6.5 Inside Secure Recent Developments
5.7 MasterCard Worldwide
5.7.1 MasterCard Worldwide Profile
5.7.2 MasterCard Worldwide Main Business
5.7.3 MasterCard Worldwide Contactless Payment Products, Services and Solutions
5.7.4 MasterCard Worldwide Contactless Payment Revenue (US$ Million) & (2018-2023)
5.7.5 MasterCard Worldwide Recent Developments
5.8 Microsoft
5.8.1 Microsoft Profile
5.8.2 Microsoft Main Business
5.8.3 Microsoft Contactless Payment Products, Services and Solutions
5.8.4 Microsoft Contactless Payment Revenue (US$ Million) & (2018-2023)
5.8.5 Microsoft Recent Developments
5.9 Oberthur Technologies
5.9.1 Oberthur Technologies Profile
5.9.2 Oberthur Technologies Main Business
5.9.3 Oberthur Technologies Contactless Payment Products, Services and Solutions
5.9.4 Oberthur Technologies Contactless Payment Revenue (US$ Million) & (2018-2023)
5.9.5 Oberthur Technologies Recent Developments
5.10 On Track innovations
5.10.1 On Track innovations Profile
5.10.2 On Track innovations Main Business
5.10.3 On Track innovations Contactless Payment Products, Services and Solutions
5.10.4 On Track innovations Contactless Payment Revenue (US$ Million) & (2018-2023)
5.10.5 On Track innovations Recent Developments
5.11 Opus Software Solutions
5.11.1 Opus Software Solutions Profile
5.11.2 Opus Software Solutions Main Business
5.11.3 Opus Software Solutions Contactless Payment Products, Services and Solutions
5.11.4 Opus Software Solutions Contactless Payment Revenue (US$ Million) & (2018-2023)
5.11.5 Opus Software Solutions Recent Developments
5.12 Paypal
5.12.1 Paypal Profile
5.12.2 Paypal Main Business
5.12.3 Paypal Contactless Payment Products, Services and Solutions
5.12.4 Paypal Contactless Payment Revenue (US$ Million) & (2018-2023)
5.12.5 Paypal Recent Developments
5.13 Proxama
5.13.1 Proxama Profile
5.13.2 Proxama Main Business
5.13.3 Proxama Contactless Payment Products, Services and Solutions
5.13.4 Proxama Contactless Payment Revenue (US$ Million) & (2018-2023)
5.13.5 Proxama Recent Developments
5.14 Renesas Electronic
5.14.1 Renesas Electronic Profile
5.14.2 Renesas Electronic Main Business
5.14.3 Renesas Electronic Contactless Payment Products, Services and Solutions
5.14.4 Renesas Electronic Contactless Payment Revenue (US$ Million) & (2018-2023)
5.14.5 Renesas Electronic Recent Developments
5.15 Discover
5.15.1 Discover Profile
5.15.2 Discover Main Business
5.15.3 Discover Contactless Payment Products, Services and Solutions
5.15.4 Discover Contactless Payment Revenue (US$ Million) & (2018-2023)
5.15.5 Discover Recent Developments
5.16 Verifone Systems
5.16.1 Verifone Systems Profile
5.16.2 Verifone Systems Main Business
5.16.3 Verifone Systems Contactless Payment Products, Services and Solutions
5.16.4 Verifone Systems Contactless Payment Revenue (US$ Million) & (2018-2023)
5.16.5 Verifone Systems Recent Developments
5.17 Visa
5.17.1 Visa Profile
5.17.2 Visa Main Business
5.17.3 Visa Contactless Payment Products, Services and Solutions
5.17.4 Visa Contactless Payment Revenue (US$ Million) & (2018-2023)
5.17.5 Visa Recent Developments
5.18 Wirecard
5.18.1 Wirecard Profile
5.18.2 Wirecard Main Business
5.18.3 Wirecard Contactless Payment Products, Services and Solutions
5.18.4 Wirecard Contactless Payment Revenue (US$ Million) & (2018-2023)
5.18.5 Wirecard Recent Developments
5.19 Apple
5.19.1 Apple Profile
5.19.2 Apple Main Business
5.19.3 Apple Contactless Payment Products, Services and Solutions
5.19.4 Apple Contactless Payment Revenue (US$ Million) & (2018-2023)
5.19.5 Apple Recent Developments
5.20 Google
5.20.1 Google Profile
5.20.2 Google Main Business
5.20.3 Google Contactless Payment Products, Services and Solutions
5.20.4 Google Contactless Payment Revenue (US$ Million) & (2018-2023)
5.20.5 Google Recent Developments
5.21 Tencent
5.21.1 Tencent Profile
5.21.2 Tencent Main Business
5.21.3 Tencent Contactless Payment Products, Services and Solutions
5.21.4 Tencent Contactless Payment Revenue (US$ Million) & (2018-2023)
5.21.5 Tencent Recent Developments
5.22 Alibaba
5.22.1 Alibaba Profile
5.22.2 Alibaba Main Business
5.22.3 Alibaba Contactless Payment Products, Services and Solutions
5.22.4 Alibaba Contactless Payment Revenue (US$ Million) & (2018-2023)
5.22.5 Alibaba Recent Developments
5.23 UnionPay
5.23.1 UnionPay Profile
5.23.2 UnionPay Main Business
5.23.3 UnionPay Contactless Payment Products, Services and Solutions
5.23.4 UnionPay Contactless Payment Revenue (US$ Million) & (2018-2023)
5.23.5 UnionPay Recent Developments
5.24 Chase
5.24.1 Chase Profile
5.24.2 Chase Main Business
5.24.3 Chase Contactless Payment Products, Services and Solutions
5.24.4 Chase Contactless Payment Revenue (US$ Million) & (2018-2023)
5.24.5 Chase Recent Developments
6 North America
6.1 North America Contactless Payment Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Contactless Payment Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Contactless Payment Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Contactless Payment Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Contactless Payment Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Contactless Payment Market Dynamics
11.1 Contactless Payment Industry Trends
11.2 Contactless Payment Market Drivers
11.3 Contactless Payment Market Challenges
11.4 Contactless Payment Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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