openPR Logo
Press release

Next Generation Payment Technology Market Growth Powered With Latest Development Scenario and Influencing Trends | Apple, Samsung, Google, MasterCard, Visa, PayPal, Ingenico, Alipay, Square, Verifone

12-02-2019 07:29 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Worldwide Market Reports

Next Generation Payment Technology

Next Generation Payment Technology

The next generation payment technology ecosystem has been supportive in addressing security, authenticity, and latency, inconvenience issues of the individuals doing payments through timely, accurate and convenient deployment of payment technology solutions.

The development in the market is accredited to the enormous demand of stringent payment security regulations, innovation by technology companies, reforming payments landscape, speed of transactions, ease of use, secure and robust systems against potential attackers to systems among others. By virtue of this development, technology companies, financial institutions, e-commerce companies, payment service providers and payment hardware suppliers among others have adopted payment technology products to ensure simplified and time saving transactions.

Get more info about “Global Next Generation Payment Technology Market Report” by requesting Sample Copy HERE: https://www.worldwidemarketreports.com/sample/172104

Key Players:

Apple, Samsung, Google, MasterCard, Visa, PayPal, Ingenico, Alipay, Square, Verifone, First Data, Cayan, Adyen and Worldpay etc.

The growth for this market is being driven by factors such as:

• Massive proliferation of smartphones and tablets with payment technology capabilities
• Growing popularity of wearable technology
• Increasing adoption of e-commerce and m-commerce services

The payment technology market consists of certain opportunities which can lead to augmentation of the payment technology market and its overall growth:
• Future in e-commerce
• Global adoption of digitalization services

With the exponential growth of mobile and digital payments, service providers and customers have expressed interest in next generation payment technology, mostly due to change in spending pattern and increased convenience. The massive infrastructure changes required to upgrade outdated and legacy payment systems and the increasingly high number of security standards imposed by the regulatory bodies have given impetus to usage of latest payment technology. Technology companies and financial institutions have laid a foundation to create a simple, global and secure payment solution which will enable customers to make payments easily. There is a dynamic shift in the security requirements and that has boosted overall business of companies from every vertical or sector.

Market Segmentation:

Market segment by Type, the product can be split intoEMV Chip
• Near Field Communication (NFC)
• Magnetic Secure Transmission (MST)
• Bluetooth Low Energy (BLE)
• Quick Response Code (QR Code)

Market segment by Application, split intoRetail and Commercial
• Enterprise
• Healthcare
• Hospitality
• Others

Regional Analysis:

North America accounted for highest share in global payment technology market with robust growth in transaction value throughout the forecast period. Asia Pacific is the next region leading the payment technology market and will under-go a fast growth rate throughout the forecast period.
Europe is expected to have largest market share of the contactless payment technology market in 2016 due to technological advancements and increasing contactless smart cards such as NFC enabled cards adoption. APAC is anticipated to have the highest growth rate during the forecast period due to increasing number of contactless payment technology enabled smartphones and mobile devices in countries such as China, Australia, Japan and India.

Want to make an inquiry before purchasing this report and also want a discount? Click HERE: https://www.worldwidemarketreports.com/quiry/172104

THANKS FOR SPENDING YOUR VALUABLE TIME ON THIS VALUABLE PIECE OF INFORMATION!

About WMR

Worldwide Market Reports is your one-stop repository of detailed and in-depth market research reports compiled by an extensive list of publishers from across the globe. We offer reports across virtually all domains and an exhaustive list of sub-domains under the sun. The in-depth market analysis by some of the most vastly experienced analysts provide our diverse range of clients from across all industries with vital decision making insights to plan and align their market strategies in line with current market trends.

Mr. Shah
Worldwide Market Reports
1001 4th Ave,
#3200
Seattle, WA 98154,
U.S
Tel: +1 415 871 0703
Email:sales@worldwidemarketreports.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Next Generation Payment Technology Market Growth Powered With Latest Development Scenario and Influencing Trends | Apple, Samsung, Google, MasterCard, Visa, PayPal, Ingenico, Alipay, Square, Verifone here

News-ID: 1874811 • Views: 192

More Releases from Worldwide Market Reports

Peer to Peer Lending Market 2022 Top Key Players are Lending Club Corporation, F …
Worldwide Market Reports has announced the addition of the “Global Machine Learning as a Peer to Peer Lending Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2022”, The report classifies the Global Machine Learning as a Service Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. Get a Free Sample Copy of the Report: https://www.worldwidemarketreports.com/sample/11622 This
Global Tea Tree Oil Market Segmentation 2017 Application and Major Key Players a …
“Global Tea Tree Oil Market consists of various factors such as definitions, applications, and classifications of the Tea Tree Oil. Several other factors such as import, export, gross margin, price, cost, and consumption are also analysed under the section Analysis of Tea Tree Oil production, supply, sales and market status.” The scope of the report includes a detailed study of global and regional markets on Global Tea Tree Oil Market with
Botanical Flavors Market Will Generate Massive Revenue In Future | Bell Flavors …
Botanical Flavors Market Report includes investigations based on Current scenarios, Historical records, and future predictions. An accurate data of various aspects such as Type, Size, Application, and end-user have been scrutinized in this research report. It presents the 360-degree overview of the competitive landscape of the industries. SWOT analysis has been used to understand the Strength, Weaknesses, Opportunities, and threats in front of the businesses. Thus, helping the companies to
Packed Food Market Expected to Witness Significant Growth in the Forecast Years …
Packed Food Market Report includes investigations based on Current scenarios, Historical records, and future predictions. An accurate data of various aspects such as Type, Size, Application, and end-user have been scrutinized in this research report. It presents the 360-degree overview of the competitive landscape of the industries. SWOT analysis has been used to understand the Strength, Weaknesses, Opportunities, and threats in front of the businesses. Thus, helping the companies to

All 5 Releases


More Releases for Technology

Thin Display Technology Market
The Thin Display Technology market was valued at Million US$ in 2017 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Thin Display Technology. Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-thin-display-technology-2025-491 This report presents the worldwide Thin Display
Wearable Technology Market
Wearable technology is gaining popularity at a rapid pace, and it has gone beyond just connected eyewear and smartwatches with new products such as wrist bands, smart shoes, smart apparels, and more. Companies are creating apparel, accessories, and fitness wear that can do everything from monitoring heart rate to charging a smartphone. Scope of the Report: This report focuses on the Wearable Technology in Global market, especially in North America, Europe and
Sapphire Technology Market Technology Impacting Growth 2025
Global Sapphire Technology Market: Snapshot Sapphires are a type of gemstone formed based off a specific type of aluminum oxide. While they are typically blue in color, there are certain sapphires that can be found in other colors, such as orange or green, while some sapphires may even show two or more colors. There is a wide range of non-ornamental applications for sapphires and sapphire technology. Some of the key uses
Innovative vacuum technology for chemical process technology
Busch Vacuum Pumps and Systems will be showcasing its latest vacuum solutions at ACHEMA. The new Dolphin liquid ring vacuum pumps are the focus of this year's trade show presentation. With the ATEX T3-certified COBRA NC 0600 C screw vacuum pump, Busch will be presenting another new product, specially developed for transporting temperature-sensitive and potentially explosive gases. With the new series of Dolphin LM/LT liquid ring vacuum pumps, Busch has been
Bio Simulation Technology Market
Global Bio Simulation Technology Industry Bio Simulation Technology Market is estimated at $1.01 billion in 2015 and is projected to reach $2.99 billion by 2022 growing at a CAGR of 16.6% from 2015 to 2022. Reduction in the cost of drug discovery and development and risk of failure of drug molecule are some of the factors driving the market growth. Furthermore, R&D investments in biotechnology and pharmaceutical industries, growth in the
ISG technology Announces New Chief Technology Officer
ISG technology, a networking and IT Services specialist, is proud to announce the appointment of Todor Georgiev as the new Chief Technology Officer. Todor spent the last nine years with Telelink EAD in Bulgaria, with the last three years as the Director of Systems Integration. He was responsible for developing and overseeing new business strategies, new products, services and operations, and new partnerships. He has a wealth of experience and knowledge in