Contactless Payment Terminals Market Opportunity and Forecast 2026 by Analyzing Key Players (Gemalto NV, OTI Ltd., VeriFone Systems Inc, Visiontek, Ingenico Group SA and Castles Technologies)

Orian Research added a latest research Report on Contactless Payment Terminals Market. This report is designed by detailed investigation procedure to collect all the necessary data. This report contains the brief profile of leading players in the industry along with their future plans and current developments. Further, report considers the revenue generated from the market analysis and opportunity analysis to estimate the market size.

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The global Contactless Payment Terminals market was estimated to be valued at USD XX million in 2018 and is projected to reach USD XX million by 2025, at a CAGR of XX% during 2018 to 2025. Scope of global Contactless Payment Terminals includes by Payment Method (Contactless Credit Card, Contactless Debit Card, Contactless Mobile Payment), by Technology (Infrared, Near field communication, Radio-frequency identification, Bluetooth), By Applications (Healthcare, Logistics, Information technology, BFSI, Others) and by Region (North America- U.S., Canada; Europe- Germany, U.K., France; Asia-Pacific- China, India, Japan; Latin America- Brazil, Mexico; Middle East & Africa- UAE, Saudi Arabia, South Africa).

The contactless payments with the support of the PIN terminal and a chip are the new trend which is preferred by the customers for making payments. The chip and antenna are embedded in the card which allows the customers to make payments by waving their cards or their smartphones over the reader machine present at the POS terminal.

Reduction in queuing time and quicker checkout time are expected to drive the contactless payment terminals market. However, security concerns in digital payment are hampering the growth of the market.

The contactless payment terminals market is primarily segmented based on payment method, technology, applications and regions.

Based on payment method, the market is divided into:
* Contactless Credit Card
* Contactless Debit Card
* Contactless Mobile Payment

Based on technology, the market is divided into:
* Infrared,
* Near field communication
* Radio-frequency identification
* Bluetooth
Based on applications, the market is divided into:
* Healthcare
* Logistics
* Information technology
* BFSI
* Others

Moreover, the market is classified based on regions and countries as follows:
* North America (United States, Canada)
* Europe (Germany, UK, France, Rest of Europe)
* Asia Pacific (China, India, Japan, Rest of Asia Pacific)
* Latin America (Brazil, Mexico, Rest of Latin America)
* Middle East & Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East & Africa)

Key market Players:
The key players profiled in the market include:
* Gemalto NV
* OTI Ltd.
* VeriFone Systems Inc
* Visiontek
* Ingenico Group SA
* Castles Technologies
* ID Tech Solutions
* SumUp Inc.
* Schneider Electric SE.
* On Track Innovations

These enterprises are focusing on growth strategies, such as new product launches, expansions, acquisitions, and agreements & partnerships to expand their operations across the globe.

Key Benefits of the Report:
* Global, regional, payment method, technology, applications wise market size and their forecast from 2015-2026
* Identification and detailed analysis on key market dynamics, such as, drivers, restraints, opportunities, and challenges influencing growth of the market
* Detailed analysis on product outlook with market specific Porter's Five Forces analysis, PEST analysis, and Value Chain, to better understand the market and build expansion strategies
* Identification of key market players and comprehensively analyze their market share and core competencies, detailed financial positions, key products, and unique selling points
* Analysis on key players' strategic initiatives and competitive developments, such as joint ventures, mergers, and new product launches in the market
* Expert interviews and their insights on market shift, current and future outlook, and factors impacting vendors' short term and long term strategies
* Detailed insights on emerging regions, payment method, technology, applications with qualitative and quantitative information and facts

Target Audience:
* Contactless Payment Terminals Providers
* Research and Consulting Firms
* Government and Research Organizations
* Associations and Applications Bodies

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Research Methodology:
The market is derived through extensive use of secondary, primary, in-house research followed by expert validation and third party perspective, such as, analyst reports of investment banks. The secondary research is the primary base of our study wherein we conducted extensive data mining, referring to verified data sources, such as, white papers, government and regulatory published articles, technical journals, trade magazines, and paid data sources.

For forecasting, regional demand & supply factors, recent investments, market dynamics including technical growth scenario, consumer behavior, and end use trends and dynamics, and production capacity were taken into consideration. Different weightages have been assigned to these parameters and quantified their market impacts using the weighted average analysis to derive the market growth rate.

The market estimates and forecasts have been verified through exhaustive primary research with the Key Industry Participants (KIPs), which typically include:
* Manufacturers
* Suppliers
* Distributors
* Government Body & Associations
* Research Institutes

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This release was published on openPR.