Contactless Payment Market Witness Substantial Growth during 2019-2025 | Giesecke & Devrient, Proxama, Verifone Systems, irecard, Gemalto

The Contactless Payment Market report provides in-depth statistics and analysis available on the market status of the Contactless Payment key players and is a valuable method of obtaining guidance and direction for companies and business enterprise insider considering the Contactless Payment market. It contains the analysis of drivers, challenges, and restraints impacting the industry.

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.

Some of the key players of Contactless Payment Market:
Giesecke & Devrient GmbH, Proxama, PLC, Verifone Systems, Inc., on Track Innovations, Ingenico Group, Oberthur Technologies Sa, Wirecard AG, Inside Secure, Gemalto N.V., Heartland Payment Systems, Inc.

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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.

The Contactless Payment Market report covers the present and past market scenarios, market development patterns, and is likely to proceed with a continuing development over the forecast period. The global Contactless Payment Market is expected to witness huge growth during the forecast period.

Major Regions play vital role in Contactless Payment Market are:
North America, Europe, China, Japan, Middle East & Africa, India, South America, Others

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Fundamentals of Table of Content:

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Contactless Payment Market Size
2.2 Contactless Payment Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Contactless Payment Market Size by Manufacturers
3.2 Contactless Payment Key Players Head office and Area Served
3.3 Key Players Contactless Payment Product/Solution/Service
3.4 Date of Enter into Contactless Payment Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Contactless Payment Sales by Product
4.2 Global Contactless Payment Revenue by Product
4.3 Contactless Payment Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Contactless Payment Breakdown Data by End User

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