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Contactless Payment Market would grow at a CAGR of 18% from 2017 to 2025
Contactless Payment
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Executive summary of the global contactless payment market is offered to help market players and investors weigh up opportunities and optimize their time to take decisions for growth in the future. Market attractiveness is outlined and trends are analyzed in the report. Competitive scenario is provided in the report along with development status of the industry. Moreover, definitions of significant terminologies are provided in the study. Research methodology is provided in the report based on primary and secondary research methods.
Competitive landscape of the global contactless payment market is provided in the study based on drivers and challenges. Increase in trends of QR codes, ID codes, internet shopping, and mobile banking services along with reduction in queuing & transaction time and convenience in making low value payments are factors that fuel growth in the industry. However, high initial cost of deploying Epos terminals hinders growth in the industry. The impact of these factors are highlighted in the research to help market players devise strategies for the future. Porter’s Five Forces Analysis (PFFA) is provided in the report on the basis of bargaining power of suppliers, bargaining power of buyers, threat of substitutes, industry rivalry, and threat of new entrants.
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Detailed segmentation of the global contactless payment market is provided based on payment mode, solution, industry vertical, and geography. Based on various payment modes, the market is classified into smartphones and wireless payment terminals. Solutions analyzed in the research are POS machines, software, and services. Industry verticals analyzed in the research are BFSI, healthcare, retail, government, hospitality & tourism, telecom & IT, and others. Geographical analysis of each segment is provided for regions such as North America, Europe, Asia-Pacific, and LAMEA. Market size for the historic period, 2014–2016 and the forecast period, 2017–2025 are offered to assist market players take important decisions to move forward. Moreover, revenue generated by each segment in aforementioned segments is outlined for the period, 2014–2025.
The report offers detailed insights on key market players operating in the global contactless payment industry. An overview of each player is provided along with recent developments. Moreover, financial and business segments of each player are provided in the report. Major players profiled in the report include STMicroelectronics, Infineon Technologies, INSIDE Secure, Giesecke & Devrient GmbH, Gemalto N.V., On Track Innovations Ltd., Oberthur Technologies, HID Global, Diebold Inc., Verifone Systems Inc. and STS Payments. These insights help market players to gain detailed view of competitive scenario and investors to determine investment feasibility.
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Fundamentals of Table of Content :
1. Executive summary
1.1. Key findings
1.2. Market attractiveness and trend analysis
1.3. Competitive landscape and recent industry development analysis
2. Introduction
2.1. Report description
2.2. Scope and definitions
2.3. Research methodology
3. Market landscape
3.1. Growth drivers
3.1.1. Impact analysis
3.2. Restraints and challenges
3.2.1. Impact analysis
4. Global contactless payment market by payment mode
4.1. Smartphones
4.1.1. Historical market size by region, 2014-2016
4.1.2. Market forecast by region, 2017-2025
4.1.3. Wireless payment terminals
4.1.3.1. historical market size by region, 2014-2016
4.1.3.2. market forecast by region, 2017-2025
5. Global contactless payment market by solution
5.1. POS machines
5.1.1. Historical market size by region, 2014-2016
5.1.2. Market forecast by region, 2017-2025
5.2. Software
5.2.1. Historical market size by region, 2014-2016
5.2.2. Market forecast by region, 2017-2025
5.3. Services
5.3.1. Historical market size by region, 2014-2016
5.3.2. Market forecast by region, 2017-2025
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Progressive Markets is the answer to every possible business query. It is a market research and business consulting firm, headquartered in India with an aim to deliver up-to-date executive support to foster overall growth of an organization in its domain. Progressive Markets was found with an initiative to bridge the gap between enterprises and global opportunities.
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