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Contactless Payments-Global Market Insights and Sales Trends 2024
Synopsis
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 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 Payments in various end use industries. The expanding demands from the BFSI, Retail, IT & Telecom and Transportation, are propelling Contactless Payments market. Payment Terminal Solution, 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 Transaction Management segment is estimated at % CAGR for the next seven-year period.
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.
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 Payments, 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 Payments 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 Payments market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Contactless Payments 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 Payments covered in this report include Ingenico Group, Verifone Systems, Inside Secure, On Track Innovations, Oberthur Technologies, Proxama, Wirecard, Giesecke & Devrient and Gemalto, etc.
The global Contactless Payments market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Ingenico Group
Verifone Systems
Inside Secure
On Track Innovations
Oberthur Technologies
Proxama
Wirecard
Giesecke & Devrient
Gemalto
Heartland Payment Systems
Global Contactless Payments 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 Payments market, Segment by Type:
Payment Terminal Solution
Transaction Management
Security and Fraud Management
Hosted Point-of-sale
Analytics
Global Contactless Payments market, by Application
BFSI
Retail
IT & Telecom
Transportation
Hospitality
Government
Others
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 Payments 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 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 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 Payments in various end use industries. The expanding demands from the BFSI, Retail, IT & Telecom and Transportation, are propelling Contactless Payments market. Payment Terminal Solution, 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 Transaction Management segment is estimated at % CAGR for the next seven-year period.
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.
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 Payments, 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 Payments 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 Payments market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Contactless Payments 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 Payments covered in this report include Ingenico Group, Verifone Systems, Inside Secure, On Track Innovations, Oberthur Technologies, Proxama, Wirecard, Giesecke & Devrient and Gemalto, etc.
The global Contactless Payments market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Ingenico Group
Verifone Systems
Inside Secure
On Track Innovations
Oberthur Technologies
Proxama
Wirecard
Giesecke & Devrient
Gemalto
Heartland Payment Systems
Global Contactless Payments 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 Payments market, Segment by Type:
Payment Terminal Solution
Transaction Management
Security and Fraud Management
Hosted Point-of-sale
Analytics
Global Contactless Payments market, by Application
BFSI
Retail
IT & Telecom
Transportation
Hospitality
Government
Others
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 Payments 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 Payments
1.1 Contactless Payments Market Overview
1.1.1 Contactless Payments Product Scope
1.1.2 Contactless Payments Market Status and Outlook
1.2 Global Contactless Payments Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Contactless Payments Market Size by Region (2018-2029)
1.4 Global Contactless Payments Historic Market Size by Region (2018-2023)
1.5 Global Contactless Payments Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Contactless Payments Market Size (2018-2029)
1.6.1 North America Contactless Payments Market Size (2018-2029)
1.6.2 Europe Contactless Payments Market Size (2018-2029)
1.6.3 Asia-Pacific Contactless Payments Market Size (2018-2029)
1.6.4 Latin America Contactless Payments Market Size (2018-2029)
1.6.5 Middle East & Africa Contactless Payments Market Size (2018-2029)
2 Contactless Payments Market by Type
2.1 Introduction
2.1.1 Payment Terminal Solution
2.1.2 Transaction Management
2.1.3 Security and Fraud Management
2.1.4 Hosted Point-of-sale
2.1.5 Analytics
2.2 Global Contactless Payments Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Contactless Payments Historic Market Size by Type (2018-2023)
2.2.2 Global Contactless Payments Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Contactless Payments Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Contactless Payments Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Contactless Payments Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Contactless Payments Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Contactless Payments Revenue Breakdown by Type (2018-2029)
3 Contactless Payments Market Overview by Application
3.1 Introduction
3.1.1 BFSI
3.1.2 Retail
3.1.3 IT & Telecom
3.1.4 Transportation
3.1.5 Hospitality
3.1.6 Government
3.1.7 Others
3.2 Global Contactless Payments Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Contactless Payments Historic Market Size by Application (2018-2023)
3.2.2 Global Contactless Payments Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Contactless Payments Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Contactless Payments Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Contactless Payments Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Contactless Payments Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Contactless Payments Revenue Breakdown by Application (2018-2029)
4 Contactless Payments Competition Analysis by Players
4.1 Global Contactless Payments 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 Payments as of 2022)
4.3 Date of Key Players Enter into Contactless Payments Market
4.4 Global Top Players Contactless Payments Headquarters and Area Served
4.5 Key Players Contactless Payments Product Solution and Service
4.6 Competitive Status
4.6.1 Contactless Payments Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Ingenico Group
5.1.1 Ingenico Group Profile
5.1.2 Ingenico Group Main Business
5.1.3 Ingenico Group Contactless Payments Products, Services and Solutions
5.1.4 Ingenico Group Contactless Payments Revenue (US$ Million) & (2018-2023)
5.1.5 Ingenico Group Recent Developments
5.2 Verifone Systems
5.2.1 Verifone Systems Profile
5.2.2 Verifone Systems Main Business
5.2.3 Verifone Systems Contactless Payments Products, Services and Solutions
5.2.4 Verifone Systems Contactless Payments Revenue (US$ Million) & (2018-2023)
5.2.5 Verifone Systems Recent Developments
5.3 Inside Secure
5.3.1 Inside Secure Profile
5.3.2 Inside Secure Main Business
5.3.3 Inside Secure Contactless Payments Products, Services and Solutions
5.3.4 Inside Secure Contactless Payments Revenue (US$ Million) & (2018-2023)
5.3.5 On Track Innovations Recent Developments
5.4 On Track Innovations
5.4.1 On Track Innovations Profile
5.4.2 On Track Innovations Main Business
5.4.3 On Track Innovations Contactless Payments Products, Services and Solutions
5.4.4 On Track Innovations Contactless Payments Revenue (US$ Million) & (2018-2023)
5.4.5 On Track Innovations Recent Developments
5.5 Oberthur Technologies
5.5.1 Oberthur Technologies Profile
5.5.2 Oberthur Technologies Main Business
5.5.3 Oberthur Technologies Contactless Payments Products, Services and Solutions
5.5.4 Oberthur Technologies Contactless Payments Revenue (US$ Million) & (2018-2023)
5.5.5 Oberthur Technologies Recent Developments
5.6 Proxama
5.6.1 Proxama Profile
5.6.2 Proxama Main Business
5.6.3 Proxama Contactless Payments Products, Services and Solutions
5.6.4 Proxama Contactless Payments Revenue (US$ Million) & (2018-2023)
5.6.5 Proxama Recent Developments
5.7 Wirecard
5.7.1 Wirecard Profile
5.7.2 Wirecard Main Business
5.7.3 Wirecard Contactless Payments Products, Services and Solutions
5.7.4 Wirecard Contactless Payments Revenue (US$ Million) & (2018-2023)
5.7.5 Wirecard Recent Developments
5.8 Giesecke & Devrient
5.8.1 Giesecke & Devrient Profile
5.8.2 Giesecke & Devrient Main Business
5.8.3 Giesecke & Devrient Contactless Payments Products, Services and Solutions
5.8.4 Giesecke & Devrient Contactless Payments Revenue (US$ Million) & (2018-2023)
5.8.5 Giesecke & Devrient Recent Developments
5.9 Gemalto
5.9.1 Gemalto Profile
5.9.2 Gemalto Main Business
5.9.3 Gemalto Contactless Payments Products, Services and Solutions
5.9.4 Gemalto Contactless Payments Revenue (US$ Million) & (2018-2023)
5.9.5 Gemalto Recent Developments
5.10 Heartland Payment Systems
5.10.1 Heartland Payment Systems Profile
5.10.2 Heartland Payment Systems Main Business
5.10.3 Heartland Payment Systems Contactless Payments Products, Services and Solutions
5.10.4 Heartland Payment Systems Contactless Payments Revenue (US$ Million) & (2018-2023)
5.10.5 Heartland Payment Systems Recent Developments
6 North America
6.1 North America Contactless Payments Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Contactless Payments 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 Payments 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 Payments 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 Payments 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 Payments Market Dynamics
11.1 Contactless Payments Industry Trends
11.2 Contactless Payments Market Drivers
11.3 Contactless Payments Market Challenges
11.4 Contactless Payments 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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