Thursday, July 7

Contactless Payment Market Outlook, Competitive Landscape And Forecasts To 2028 | Thales Group; Infineon Technologies AG; Ingenico.; Wirecard; VeriFone, Inc.; Giesecke+Devrient

Companies desiring an efficient business growth should adopt market research report like Global Contactless Payment Market which seems to be very imperative in this rapidly changing marketplace. While formulating this market report, absolute industry insight, talent solutions, practical solutions and use of technology are merged together very well to advance user experience. The business report brings to notice many points regarding Contactless Payment industry and market. These are mainly explained with respect to market definition, market segmentation, competitive analysis, and research methodology as major topics of the consistent Contactless Payment report. It also gives details about market drivers and market restraints which aids businesses in guessing about reducing or increasing the production of specific product.

A thorough market study and investigation of trends in consumer and supply chain dynamics covered in the wide-reaching Contactless Payment market report helps businesses draw the strategies about sales, marketing, and promotion. Besides, market research performed in this industry report puts a light on the challenges, market structures, opportunities, driving forces, and competitive landscape for the business. It assists in obtaining an extreme sense of evolving industry movements before competitors. If businesses are willing to gain competitive advantage in this swiftly transforming marketplace, then opting for such market research report is highly suggested as it gives a lot of benefits for a thriving business.

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Contactless payment market is expected to reach USD 24.08 billion by 2028 witnessing market growth at a rate of 11.20% in the forecast period of 2021 to 2028. Data Bridge Market Research report on contactless payment market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.

Contactless Payment is the safe method for payment transactions that debit cards, credit cards, key fobs, smartphones, and many others. Contactless payments are served in places nearby. The embedded technology is used to include the contactless payment mode in the implementation of the integrated circuit chip and antenna. This action itself, without the input of a PIN, will be enough to be able to complete the transaction.

Increasing customer satisfaction and improved loyalty programs, rising number of contactless payments which ensure faster transactions, growing penetration of payment technology in smartphones and mobile handsets, less transaction time and convenience in the processing, rising adoption of digital payment platforms are some of the major as well as vital factors which will likely to augment the growth of the contactless payment market in the projected timeframe of 2021-2028. On the other hand, rising demand for mobile and wearable payment devices along with rising use of security features of emerging technologies, such as blockchain and 5G which will further contribute by generating massive opportunities that will lead to the growth of the contactless payment market in the above mentioned projected timeframe.

Our research and insights help our clients in identifying compatible business partners.

The assessment provides a 360° view and insights, outlining the key outcomes of the industry, current scenario witnesses a slowdown and study aims to unique strategies followed by key players. These insights also help the business decision-makers to formulate better business plans and make informed decisions for improved profitability. In addition, the study helps venture or private players in understanding the companies more precisely to make better informed decisions

Global Contactless Payment Market: Competitive Analysis

This report has enlisted the top suppliers and their cost structures, SLA terms, best selection criteria, and negotiation strategies. The competitive analysis helps the vendor to define an alignment or fit between their capabilities and opportunities for future growth prospects.

The report deeply explores the recent significant developments by the leading vendors and innovation profiles in the Global Contactless Payment Market including

Thales Group; Infineon Technologies AG; Ingenico.; Wirecard; VeriFone, Inc.; Giesecke+Devrient; IDEMIA; On Track Innovations LTD; Identiv, Inc.; CPI Card Group Inc.; BITEL CO.,LTD.; Setomatic Systems; Valitor.; PAX Global Technology Limited.; MYPINPAD Ltd; Mobeewave; alcineo; Castles Technology; SumUp Inc.; PAYCORE; among other domestic and global players..

This report also comprises of strategic profiling of key players in the market, systematic analysis of their core competencies, and draws a competitive landscape for the market. This research study lends a hand to the purchaser in comprehending the various drivers and restraints with their effects on the market during the forecast period. The report has been prepared based on the market type, size of the organization, availability on-premises and the end-users’ organization type. Contactless Payment report puts across the idea of high level analysis of major market segments and identification of opportunities.

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Global Contactless Payment Market Scope and Market Size

Contactless payment market is segmented on the basis of technology, payment mode, component, operational frequency, transaction models and vertical. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

  • Contactless payment market on the basis of technology has been segmented as radio frequency identification, near field communication, and host card emulation.
  • Based on payment mode, the contactless payment market has been segmented into smartphones, smartcards, and others.
  • On the basis of component, the contactless payment market has been segmented into hardware, services, and solutions. Hardware has been further segmented into point of sale, cards, and others. Others have been further sub segmented into wearables, readers, key fobs, and tags. Services have been further segmented into consulting, integration and deployment, support and maintenance. Solutions have been further segmented into data management solution, payment terminal solution, contactless mobile payment solution, device management solution, security and fraud management solution, hosted point of sale solution, transaction management solution, and analytics solution.
  • On the basis of operational frequency, the contactless payment market has been segmented into low frequency, high frequency and ultra-high frequency.
  • Based on transaction models, the contactless payment market has been segmented into speedpass, E-Z pass, track 1 and track 2 data, EMV card, and offline stored value card.

An exceptional Contactless Payment market research report can be structured well with the blend of top attributes such as highest level of spirit, practical solutions, committed research and analysis, innovation, talent solutions, integrated approaches, most up-to-date technology and dedication. Further, strategic planning supports in improving and enhancing the products with respect to customer’s preferences and inclinations. The report comprises of all the market shares and approaches of the major competitors or the key players in this industry. Moreover, this market report also brings into the focus various strategies that have been used by other key players of the market or this industry.

Major Regions:

Geographically, this report split into several key regions, with sales (MT), Revenue (Million USD), market share, and growth rate for these regions, covering

**North America (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 Middle East & Africa)

What Are The Market Factors Explained in the Report?

Key Strategic Developments: The study includes the major strategic developments of the market, comprising R&D, new product launch, M&A, agreements, partnerships, collaborations, joint ventures, and regional growth of the key competitors functioning in the market on a global and regional scale.

Key Market Features: The report analyzed key market features, comprising price, revenue, capacity, supply/demand, capacity utilization rate, gross, production, production rate, market share, consumption, import/export, cost, CAGR, and gross margin. Besides, the report also offers a comprehensive study of the key market dynamics and their latest trends, along with relevant market segments and sub-segments.

Analytical Tools: The Global Contactless Payment Market report includes the accurately studied and analyzed data of the key industry players and their scope in the market by means of several analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and ROI analysis have been used to analyze the growth of the key players functioning in the market.

Some Major Points in TOC:

Chapter 1. Report Overview

Chapter 2. Global Growth Trends

Chapter 3. Market Share by Key Players

Chapter 4. Breakdown Data by Type and Application

Chapter 5. Market by End Users/Application

Chapter 6. COVID-19 Outbreak: Contactless Payment Industry Impact

Chapter 7. Opportunity Analysis in Covid-19 Crisis

Chapter 8. Market Driving Force

And Many More…

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Contactless Payment Market: Key Highlights

  • CAGR of the market during the forecast period.
  • Detailed information on factors that will assist market growth.
  • Estimation of market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behaviour
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of market vendors

Reasons for Buying this Report

**This Contactless Payment report provides pin-point analysis for changing competitive dynamics

**It provides a forward looking perspective on different factors driving or restraining Contactless Payment market growth

**It provides a six-year forecast assessed on the basis of how the Contactless Payment market is predicted to grow

**It helps in understanding the key product segments and their future

**It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors

**It helps in making informed business decisions by having complete insights of Contactless Payment market and by making in-depth analysis of market segments

Thanks for reading this article you can also get individual chapter wise section or region wise report version like North America, Europe, MEA or Asia Pacific. 

Looking for provoking fruitful enterprise relationships with you!

About Data Bridge Market Research, Private Ltd

Data Bridge Market Research Pvt Ltd is a multinational management consulting firm with offices in India and Canada. As an innovative and neoteric market analysis and advisory company with unmatched durability level and advanced approaches. We are committed to uncover the best consumer prospects and to foster useful knowledge for your company to succeed in the market.

Data Bridge Market Research is a result of sheer wisdom and practice that was conceived and built-in Pune in the year 2015. The company came into existence from the healthcare department with far fewer employees intending to cover the whole market while providing the best class analysis. Later, the company widened its departments, as well as expands their reach by opening a new office in Gurugram location in the year 2018, where a team of highly qualified personnel joins hands for the growth of the company. “Even in the tough times of COVID-19 where the Virus slowed down everything around the world, the dedicated Team of Data Bridge Market Research worked round the clock to provide quality and support to our client base, which also tells about the excellence in our sleeve.”

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