Contactless Payment Market 2020-2025: Gemalto, Infine on, Ingenico, Wirecard, Verifone, Giesecke+Devrient, IDEMIA, On Track Innovations and Others.

According to Market Study Report, Contactless Payment Market provides a comprehensive analysis of the Contactless Payment Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, technological trends and emerging opportunities of global industry. This report also provides market landscape and market share information in the Contactless Payment Market. An exclusive data offered in this report is collected by research and industry experts team.

The Global Contactless Payment Market size is expected to grow from USD 10.3 billion in 2020 to USD 18.0 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 11.7% during the forecast period. This report spread across 154 pages, profiling 20 companies and supported with 106 tables and 34 figures are now available in this research.

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Top Key Players profiled in the Contactless Payment Market:
o Gemalto (Netherlands)
o Infine on (Germany)
o Ingenico (France)
o Wirecard (Germany)
o Verifone (US)
o Giesecke+Devrient (Germany)
o IDEMIA (France)
o On Track Innovations (Israel)
o Identiv (US)
o CPI Card Group (US)
o Bitel (South Korea)
o Setomatic Systems (US)
o Valitor (Iceland)
o PAX Global Technology (China)
o MYPINPAD (UK)
o Mobeewave (UK)
o Alcineo (South Africa)
o Castles (Taiwan)
o SumUp (UK)
o PayCore (Istanbul)

"Based on hardware, the Point of Sale (POS) segment to lead the contactless payment market in 2020"
POS is a point where customers make payments to retailers. The POS terminal is an electronic device used to process payment transactions at retail stores. These terminals have seen significant growth in the contactless payment market because of various benefits, such as ease of use, low deployment cost, and mobility. Contactless payments have completely changed the way customers pay for goods; eventually, it has also reduced the time spent on queuing at POS terminals.

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"Based on vertical, the retail vertical to lead the contactless payment market in 2020"
The retail vertical is undergoing a major transformation. Retailers are modernizing their brick-and-mortar stores to provide improved services for customers and establish online stores to increase revenues. They are adopting innovative technologies, such as cloud computing, big data analytics, digital stores, and social networks, to increase their visibility and presence in the market. Retailers are also realizing the benefits of contactless payments, which include reduced transaction time, increased revenue, improved operational efficiency, and minimized operating costs.

"Among regions, Europe to lead the contactless payment market in 2020"
The contactless payment market in Europe is the largest in terms of market size and is highly fragmented based on multi-currencies and multi-languages. The region comprises a diverse range of countries, from economically and technologically advanced countries, such as the UK and Germany to severely debt-ridden countries, such as Greece and Austria. The UK, Poland, Spain, and Germany are the leading countries in the European contactless payment market.

Breakdown of primary participants' profile:
o By Company Type: Tier 1: 35%, Tier 2: 45%, and Tier 3: 20%
o By Designation: C level Executives: 35%,Director Level: 25%, and Others: 40%
o By Region: North America: 45%, Europe: 20%, Asia Pacific (APAC): 30%, and Rest of the World: 5%

Competitive Landscape of Contactless Payment Market:
1 Overview
2 Competitive Leadership Mapping
2.1 Visionary Leaders
2.2 Dynamic Differentiators
2.3 Innovators
2.4 Emerging Companies
3 Strength Of Product Portfolio
4 Business Strategy Excellence
4.1 Ranking Of Key Players

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Reason to access this report:
The report would provide market leaders/new entrants in the contactless payment market, with information on the closest approximations of the revenue numbers for the overall contactless payment market and sub segments. The report would help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.

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