According to the new market research report by IndustryARC titled “Contactless Payment Market: By Solution (Payment Terminal, Mobile Payment, Transaction & Data Management, Security and Fraud Management); By Service (Professional, Managed); By Payment Mode (Mobile Handsets, Smart Cards); & By Region – Forecast(2018 – 2023) ,” the market will be driven by the convenience in making low value payments and improved service delivery.
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Europe will dominate the Contactless Payment Market:
Europe will dominate the Contactless Payment Market during the forecast period. This is due to technological advancements and increasing usage of contactless smart cards in the region. North America and Asia Pacific follow suit. The growth of the contactless payment in North America is due to growing adoption of cloud based contactless technology solutions.
Selected Regulatory Analysis Done in the Full Report:
The contactless smart cards have a major share in the contactless payment modes. However, mobile handsets are expected to be the fastest growing segment in the developing countries of the world, since they are secure and convenient for the customers to make payments. This segment will have excellent opportunities in the Contactless Payment Market during the forecast period.
Selected Driving Factors Mentioned in the Full Report:
• Innovations in technologies such as Internet of things boosts the growth of contactless card machines.
• Growing demand for speedy transactions, especially in the retail and transport sector will propel the demand for contactless payment systems.
• Growing awareness of plastic money among the buyers will enhance the growth of contactless payment.
Key Players of the Contactless Payment Market:
The key players of the Contactless payment market include Gemalto NV, Ingenico Group, and Verifone Systems, Inc..Gemalto offers contactless transactions for customers in the form of contactless cards, mobiles, and wristbands.
A. FinTech Market
B. Mobile Money Market
The Contactless Payment Market is Segmented as Indicated Below:
Growing awareness of plastic money among buyers and increasing frequency of purchases provides opportunities for the Contactless Payment Market.
A. Contactless Payment Market By Solution
1. Payment Terminal Solution
2. Contactless Mobile Payment Solution
3. Device Management Solution
4. Transaction Management Solution
5. Data Management Solution
6. Security and Fraud Management Solution
7. Hosted POS Solution
8. Analytics Solution
B. Contactless Payment Market By Payment Mode
1. Mobile Handsets
2. Contactless Smart Cards
3. Contactless Form Factors
What can you expect from the report?
The Contactless Payment Market Report is prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories
2. Market Trends
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End User Analysis
7. Product Benchmarking
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