Contactless Payments Market Professional Survey, Financial Overview, Emerging Applications and Forecast to 2027 | Paycor, Gemalto, Wirecard, Inside Secure, SumUp, Castle, Mobeewave

The report covers a forecast and an analysis of the Contactless Payments Market on a global and regional level. The study provides historical data for 2018, 2019, and 2020 along with a forecast from 2019 to 2027 based on revenue and volume.

Overview of the Global Contactless Payments Market:

The report spread across 150 pages is an overview of the Global Contactless Payments Market. This report study based on the Contactless Payments Market. It is a complete overview of the market, covering various aspects prevailing market landscape. It accumulates comprehensive information and research methodologies. Contactless Payments Market Research Report is a meticulous investigation of current scenario of the market, which covers several market dynamics.

The Global Contactless Payments market is accounted for $8.00 Billion in 2018 and is expected to reach $24.99 Billion by 2027 growing at a CAGR of5% during the forecast period.

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According to the market report analysis, Contactless Payment, a service offered by banks is a secure way for consumers to purchase goods or services via smart cards without signing or entering a pin. A contactless transaction can be done by just tapping the card on a Point of Sale terminal. The primary goal of these payments is to speed up the transaction for consumers. Contactless payment transactions are limited as these are not authenticated by a pin or a signature. Banks and Credit Card issuers also get benefited from contactless payments as the customers who tap tend to use their cards more frequently. In a contactless payment transaction, the data associated with your card or device constantly changes and can hardly be hacked.

The most important key factors driving the growth of the Global Contactless Payments Market are increased customer satisfaction and improved loyalty programs, and enhanced purchase experience. However, the high cost of deploying contactless payment technologies is restraining market growth. Moreover, the rising demand for mobile and wearable payment devices is creating ample opportunities across the globe.

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Major Key Players:

1 Gemalto N.V     

2 Giesecke& Devrient  Gmbh    

3 Verifone Systems, Inc    

4 Ingenico Group     

5 Wirecard AG     

6 Heartland Payment Systems, Inc   

7 Inside Secure     

8 Oberthur Technologies SA    

9 On Track Innovations    

10 Proxama      

11 Paycor      

12 SumUp      

13 Castle      

14 Alcineo      

15 Mobeewave    

Market Segment by Operational Frequencies:

1 Ultra High Frequency

2 High Frequency

3 Low Frequency

Market Segment by Technologies:

1 Radio Frequency Identification (RFID) Technology

2 Near Field Communication (NFC) Technology

3 Infrared (IR) Technology

4 Bluetooth   

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Global Business News:

Paycor (March 24, 2021) - Paycor Announces New Career Management Solution - Human Capital Management (HCM) company Paycor today launched Paycor Career Management, a solution that gives Human Resources (HR) and business leaders the ability to structure and execute succession strategies that will drive employee engagement, remove the complexity from succession planning, and improve overall business outcomes.

Employees want more growth and development opportunities and the main reason they leave companies is because they’re not getting enough of it. According to the 2019 Deloitte Global Human Capital Trends report, “To fuel growth, organizations need to more effectively tap their current workforce to identify and deploy people with the required skills, capabilities, motivation, and knowledge of the organization, its infrastructure, and its culture. Creating better programs to facilitate internal mobility can pay off in multiple areas: growth, employee engagement, and business performance.” But, Deloitte continues, not all companies do internal mobility well.

Oftentimes, employees lack a clear understanding of role expectations from their managers or the organization. This misalignment of expectations can lead to incorrect feelings of personal progression and ultimately harm career development.

Paycor Career Management gives employees support and the opportunities they are craving for their career development resulting in increased employee efficacy, increased perception of value, and ultimately reducing turnover. Companies remain competitive by developing and retaining their employees which is six times less expensive than replacing them. Paycor Career Management provides companies a way to create better career strategies, facilitate internal movement, and identify talent risks.  Managers and employees can clearly define role responsibilities and set expectations together so that employees receive feedback that’s specific to them and their growth plan.

Table of Contents:

1 Executive Summary        

2 Prefaces         

3 Contactless Payments Market Trend Analysis       

4 Porters Five Force Analysis       

5 Global Contactless Payments Market, By Product Type    

6 Global Contactless Payments Market, By Application    

7 Global Contactless Payments Market, By End User     

8 Global Contactless Payments Market, By Geography      

9 Company Profiling

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