Mobile Contactless Payments Market Growth 2021; Healthy CAGR Rate, Positively Market Growth by 2026| Heartland Payment Systems, Oberthur Technologies, Ingenico Group, Verifone, Inside Secure, On Track Innovations

The reports distributed by WMR on the Mobile Contactless Payments market provide important insights into the interests and usage of various items/managers identified as factors in the development of the industry during the speculative period. Internal and external market indicators for various changes in the game are provided in the form of volume and profit. Insights and research about the Mobile Contactless Payments market are spread span several pages. It has been reviewed in several areas, including drivers and limitations, challenges and opportunities, regional subdivisions, and opportunity assessments.

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Companies Includes
Heartland Payment Systems
Oberthur Technologies
Ingenico Group
Verifone
Inside Secure
On Track Innovations
Cryptomathic
Wirecard
Giesecke & Devrient
Location Sciences
Gemalto

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Overview

The benefits of mobile contactless payments go beyond convenience. A consumer can pay anywhere without ever taking out their wallet. Simply unlock the smartphone or apply an app and swipe it near a device equipped with a reader. The system is safer and more convenient than any other payment method available. The global mobile contactless payments market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global mobile contactless payments are expected to witness significant growth during the forecast period, owing to the increasing number of loyalty benefits in a mobile environment.

Market Drivers

Increasing penetration of the internet and smartphone is expected to drive the growth of the global mobile contactless payments market during the forecast period. As per the Pew Research Center, in 2019, around 81% of people in the U.S. had smartphones, increasing from 68% in 2015. According to the same source, tablet users in the U.S. increased from 34% in 2013 to 52% in 2019. According to Our World in Data, the number of internet users increased from around 413 million in 2000 to over 3.4 billion in 2016. This, in turn, has increased the adoption of contactless payments. Hence, such factors are expected to drive the growth of the global mobile contactless payments market during the forecast period. Moreover, an increasing number of loyalty benefits in a mobile environment is expected to propel the global mobile contactless payments market growth over the forecast period.

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Product Type Segmentation Includes
IOS System
Android System

Application Segmentation Includes
BFSI
Retail
IT & Telecom
Transportation
Hospital
Government
Others

Market Restraints

However, security issues associated with mobile payments are expected to hamper the global mobile contactless payments market growth over the forecast period.

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Regional Insights

North America (the United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East & Africa)

Competitive Section

The main contents of the report include:
Section 1:Product definition, type, and application, Global & China market overview;
Section 2:Global & China Market competition by company;
Section 3:Global & China sales revenue, volume, and price by type;
Section 4:Global & China sales revenue, volume, and price by application;
Section 5: China export and import;
Section 6: Company information, business overview, sales data, and product specifications;
Section 7: Industry chain and raw materials;
Section 8: Industrial policies & economic environment
Section 9: Conclusion.

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