Press release
Contactless Payments Market Size, Share, Growth and Industry Leaders | Market Players are Gemalto NV (Netherlands), Infineon Technologies (Germany), Idemia (France), Verifone Holdings, Inc (US), CPI Card Group (US) and On Track Innovations (Israel)
Contactless Payment Market
Market Highlights
Contactless payments are a secure method for financial transactions. Customer convenience and faster modes of payment are likely to propel the method to the forefront of cash transactions. Market Research Future’s latest report on the global contactless payments market covers the latest technologies used in transactions as well as drivers and opportunities for the period of 2019 to 2025 (forecast period). The COVID-19 outbreak and the effects of the pandemic on the industry are expounded in the report.
Market Scope
The global contactless payment market is expected to register a CAGR of 11.2% during the review period, 2019–2025.
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Segmentation:
By technology, the market has been segmented into near field communication, radio frequency identification, and host card emulation.
By component, the market has been segmented into hardware, solution, and service. The hardware segment has been further segmented into point of sale, cards, and others. The services segment has been further segmented into integration and deployment, consulting, and support and maintenance.
By payment mode, the market has been segmented into smartphones, smartcards, and others.
By vertical, the market has been segmented into transportation & logistics, BFSI, healthcare, hospitality & travel, media & entertainment, retail, and others.
Regional Analysis
Europe is expected to dominate the market with the largest share during the forecast period owing to the presence of key market players such as Wirecard, Ingenico, and Valitor. The Asia-Pacific region is expected to advance at the highest CAGR during the forecast period due to the growing utilization of electronic payment technologies.
Competitive Outlook
Identiv, Wirecard AG, Valitor, Mypinpad, Paycore, CPI Card Group, Ingenico, Idemia, Verifone Holdings, Inc, On Track Innovations, Alcenio, Infineon Technologies, Giesecke+Devrient, and Gemalto NV are key players of the global contactless payments market.
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Contactless Payment Market Research Report: By Technology (radio frequency identification, near field communication, host card emulation), Component [Hardware (Point of sale, Cards, Others), Solution and Service [Consulting, Integration and deployment, Support and maintenance)], Payment Mode (smartphones, smartcards, others), Vertical (BFSI, Hospitality & Travel, Media & Entertainment, Retail, Transportation & Logistics, Healthcare and others), Region (North America, Europe, Asia Pacific, Middle East & Africa and South America) - Forecast till 2025
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