Press release
Contactless Payments Market is Expected to Grow at a Steady CAGR by 2022
The report on the global Contactless payments market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions. It also focuses on the growth drivers and restraints for the key market players during the forecast period.
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The contactless payments market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. Europe region holds the highest market share and is the largest revenue contributor of the contactless payments market. The region holds dominance because of technological advancements and rise in number of contactless smart cards. Next in line is the Asia-Pacific region which is witnessing a steady market growth during the forecasted period. The rise in number of contactless payment vendors is promoting the growth of the market in this region. North America region is also growing and contributing in revenue generation due to increased adoption of cloud-based contactless technology solutions.
MARKET SEGMENTATION
This report analyzes the contactless payments market by the following segments:
Contactless Payments Market, by Device Type
1. Mobile Handsets
2. Point of Sale Terminals
3. NFC Chips
4. Smart Cards
5. Others
Contactless Payments Market, by Industry Vertical
1. BFSI
2. Retail
3. IT & Telecom
4. Transportation
5. Hospitality
6. Government
7. Others
Browse Report: https://www.scalarmarketresearch.com/market-reports/contactless-payments-market
About Scalar Market Research
Scalar Market Research Inc. aspires to assist organizations from around the world to achieve their business goal with premium market research reports and consulting services. Our real-time industry tracking with the help of advanced analytics offers a crystal clear view of all the activities in niche markets. Our team, with thorough global understanding, works relentlessly to gather the necessary market insights, including customer analysis, competitions and global forecast.
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