At 23.1% CAGR, Contactless Payments Market will reach USD 81600 Million by 2023 | Top Key Players - Ingenico Group, Inside Secure, Oberthur Technologies SA, Proxama, PLC., Wirecard AG, Giesecke & Devrient GmbH, Gemalto N.V., Heartland Payment Systems

Market Study Report recently introduced new title on “2018-2023 Global Contactless Payments Market Report” that provides an in-depth overview of industry and competitive landscape, covering multiple market segments and elaborates market outlook and status to 2023.

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.

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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.

This report presents a comprehensive overview, market shares, and growth opportunities of Contactless Payments market by product type, application, key manufacturers and key regions and countries.

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
• 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.

Split by Product Types, with sales, revenue, price, market share of each type, can be divided into:
• Payment Terminal Solution
• Transaction Management
• Hosted Point-of-sale
• Analytics

Split by applications, this report focuses on sales, market share and growth rate of Contactless Payments in each application, can be divided into:
• BFSI
• Retail
• IT & Telecom
• Transportation
• Hospitality
• Government
• Others

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In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

To study and analyze the global Contactless Payments consumption (value & volume) 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 manufacturers, to define, describe and analyze the sales volume, 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 consumption 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 Contents:

Contactless Payments Market Scope of the Report

Contactless Payments Market Executive Summary

Global Contactless Payments Market by Players

Contactless Payments by Regions

Americas Contactless Payments Consumption by Countries

APAC Contactless Payments Consumption by Countries

Europe Contactless Payments by Countries

Middle East & Africa Contactless Payments by Countries

Market Drivers, Challenges and Trends

Marketing, Distributors and Customer

Global Contactless Payments Market Forecast (2018-2023)

Contactless Payments Market Key Players Analysis

Research Findings and Conclusion

For more information on this report at: https://www.marketstudyreport.com/reports/global-contactless-payments-market-growth-status-and-outlook-2018-2023/?utm_source=OPR-SP

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