Contactless Payment Market 2023 Driving Factors Forecast Research 2029

Contactless payment market is anticipated to grow at a considerable CAGR of 20.1% during the forecast period (2023-2030). The market is expected to increase due to the increasing usage of innovative payment technologies such as host-based card emulation (HCE) and near field communication (NFC) for contactless payments. Additionally, a huge surge in digitization and e-commerce platforms throughout the globe is propelling the contactless payment market forward. According to Thales Group, a company that designs and develops electrical systems, there will be more than 2.6 billion contactless payment cards in circulation by 2023, owing to the technology's quick acceptance in areas such as South Asia, the US, and Brazil.

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With the help of apparent insights depicted here into a wide range of product and service releases by key competitors in the market, novice players are able to position themselves in the vast market. It is an indispensable need to get detailed idea to track future business growth and this Contactless Payment Market research report is the best medium to get that vision. It also aims at providing market environment along with covering complete market information. Contactless Payment Market research report also enables business owners to have firm grasp over what consumers exactly expect, their future demands, wants and preferences by offering detailed customer related data. It further discusses about key market players and ongoing latest trends.

This informative yet easy to understand Contactless Payment Market study report covers wide-ranging product launch wise latest trends, regulatory shifts and other important factors, which are expected to affect the overall industry growth for the approaching time span 2022-2028. It aims at providing detailed knowledge about what customers exactly want from which key players can make sound decision making for the growth of business. It also aims at measuring marketing effectiveness. SWOT Analysis technique is also employed to form the market research report to cover helpful opportunities, possible challenges and threats. Impact of new corona virus on the global economy is also shared in this Contactless Payment Market report. Collaborations, mergers and acquisitions like strategies are also covered in this market study report.

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• Market Coverage
• Market number available for - 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Market Segmentation
Global Contactless Payment Market by Payment Type
o Smartphone Based
o Card Based

Global Contactless Payment Market by Application
o Retail
o Healthcare
o Transportation
o Hospitality

Regional Analysis
o North America
o US
o Canada
o Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
o Rest of the World

Company Profiles
o Alibaba.Com
o Amazon.Com, Inc.
o American Express Co.
o Apple Inc.
o CPI Card Group
o Gemalto
o Giesecke+Devrient GmbH
o Infineon
o Ingenico
o Mastercard
o PayCore
o Paypal Holdings Inc.
o PayU
o SumUp
o Thales Group
o Visa Inc.

The Report Covers-
• Market value data analysis for 2023 and forecast to 2030.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global contactless payment market. Based on the availability of data, information related to new product launches and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market entry and market expansion strategies.
• Competitive strategies by identifying 'who stands where' in the market.

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