Contactless Payment Transaction Market Size, Share and Prediction 2025

Global Contactless Payment Market Research Report: By Technology (radio frequency identification, near field communication, host card emulation), Component [Hardware (Point of sale, Cards, Others), Solution and Service [Consulting, Integration and deployment, Support and maintenance)], Payment Mode (smartphones, smartcards, others), Vertical (BFSI, Hospitality & Travel, Media & Entertainment, Retail, Transportation & Logistics, Healthcare and others), Region (North America, Europe, Asia Pacific, Middle East & Africa and South America) - Forecast till 2025Market SnapshotAccording to MRFR, global Contactless Payment Market is expected to register a CAGR of 11.2% during the review period of 2019 to 2025.Market HighlightsA variety of factors lead to the growth of contactless payment systems such as innovation of contactless payment technologies, increased recognition among buyers of plastic currency, increased purchasing frequency and the need for quick checkout time without the hassle of waiting in long queues.

With the increasing integration of contactless payment technology into mobile handsets and smart phones, demand for contactless payment solutions has grown immensely across all countries.

Retailers are modernizing their brick-and - mortar shops to offer quality customer support and opening up online outlets to raise sales.

Mobile payments at retail stores have helped accelerate the transaction process and decrease counter queues.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/9558The lack of awareness of contactless payment offers, however, and the lack of adequate infrastructure are hampering market growth.

The initial implementation cost, policy restriction on the number of contactless payment transactions per day and the amount cap that can be transacted per day are few contactless payment shortfalls that impede the growth of the contactless payment industry.

The risk of spyware, malware, and virus attacks resulting from the use of numerous systems is limiting the global adoption of contactless payment.Market SegmentationThe Global Contactless Payment Market has been segmented based on component, payment mode, technology, vertical, and region.Based on Technology, the market has been segmented into near field communication, radio frequency identification, and host card emulation.Based on the Component, the market has been segmented into solution, hardware, and service.

Contactless Payment Market report added by Value Market Research, offering growth, trends, and forecast for each segment along with regional and country analysis.

The study has done with respect to market share, size, outlook, estimation and forecast period 2021-2027.

Further, this report also highlights the regional and country-level market analysis.The contactless payment market is vast, with many local and global players.

the key leaders follow different strategies to improve their market position, such as contracts, mergers, contracts, extending product portfolio, acquisitions, expansions, and product innovations to improve their market share globally.

For instance, In October 2019, IDEMIA and Mobeewave expanded their partnership to install secure mobile PoS and fare validation in Australia.

The key players included in the report are Gemalto, Heartland Payment Systems, Inc., Visa Inc., Verifone, Giesecke & Devrient GmbH, Ingenico Group SA, IDEMIA, Wirecard AG., On Track Innovations Ltd., and Thales Group.Get more information on "Global Contactless Payment Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/contactless-payment-market/download-sampleMarket SegmentationThe entire horse riding apparel market has been sub-categorized into device, solution, application, and region.

The Global Mobile Payment Transaction Service Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.

The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.DriversIncreasing usage of smartphonesRaising adoption of mobile money service across the financial instituteRestraintsData privacy and security issuesLack of awarenessThe comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.

The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on application and technology.

These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.

The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Browse the complete Global Mobile Payment Transaction Service Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/21020-mobile-payment-transaction-service-market-reportThe report also covers the complete competitive landscape of the global Mobile Payment Transaction Service market with company profiles of key players such as:Apple Inc.Google Inc.LevelUpMastercardPayPal Inc.Skrill Limited (Moneybookers)Visa Inc.WorldpayA detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By Application:Air Time Top UpsBill PaymentMerchandise PurchaseMoney TransferTicketingOthersBy Technology:WAP/WEBSMSNFCUSSDBy Geography:North America (NA) – US, Canada & Rest of North AmericaEurope (EU) – UK, Germany, France & Rest of EuropeAsia Pacific (APAC) – China, Japan, India & Rest of APACLatin America (LA) – Brazil & Rest of Latin AmericaMiddle East & Africa (MEA) – Middle East and AfricaDownload Free Sample Report of Global Mobile Payment Transaction Service Market @ https://www.decisiondatabases.com/contact/download-sample-21020The Global Mobile Payment Transaction Service Market has been exhibited in detail in the following chapters -Chapter 1 Mobile Payment Transaction Service Market PrefaceChapter 2 Executive SummaryChapter 3 Mobile Payment Transaction Service Industry AnalysisChapter 4 Mobile Payment Transaction Service Market Value Chain AnalysisChapter 5 Mobile Payment Transaction Service Market Analysis By ApplicationChapter 6 Mobile Payment Transaction Service Market Analysis By TechnologyChapter 7 Mobile Payment Transaction Service Market Analysis By GeographyChapter 8 Competitive Landscape Of Mobile Payment Transaction Service CompaniesChapter 9 Company Profiles Of Mobile Payment Transaction Service IndustryPurchase the complete Global Mobile Payment Transaction Service Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-21020Other Reports by DecisionDatabases.com:Global Mobile Wallet Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Mobile Money Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Mobile Engagement Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.

DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.

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.

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.

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.Related Report:A. FinTech Markethttps://industryarc.com/Report/18381/fintech-market.htmlB.

According to a new research report "Contactless Payment Market by Solution (Payment Terminal, Mobile Payment, Transaction & Data Management, Security and Fraud Management), Service (Professional, Managed), Payment Mode (Mobile Handsets, Smart Cards), Vertical - Global Forecast to 2021", published by MarketsandMarkets™, the Contactless Payment Market size is expected to grow from USD 6.70 Billion in 2016 to USD 17.56 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 21.2% during the forecast period.Ask for Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1313 The major drivers of this market include reduction in queuing and transaction time, increased convenience in making low value payments, ease of technology integration with existing cards, increased average transaction value, better customer insights, improved service delivery, and increased revenue opportunity.Multi-channel payment and value-added services segment is expected to be the most promising segments during the forecast periodThe Contactless Payment Market has been segmented into solutions, services, payment mode, and verticals.

However, mobile handsets are fast picking up as the most preferred mode of payment in the developing countries of the world as these are more secure and convenient for the customers to make their payments.Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=1313Presently, Europe contributes the maximum market share in the Contactless Payment MarketEurope is expected to hold the largest market share and dominate the Contactless Payment Market in 2016 due to technological advancement and increasing contactless smart card roll-outs in this region.

From 2016 to 2021, APAC is estimated to grow at the highest rate during this forecast period and is becoming a new hotspot for contactless payment vendors as a revenue generating region.

This growth is driven by increasing adoption of cloud-based contactless technology solutions in the region.The major vendors covered in the Contactless Payment Market for the study include Gemalto N.V., Giesecke & Devrient GmbH, Ingenico Group, VeriFone Systems Inc., Wirecard AG, Heartland Payment Systems Inc., INSIDE Secure, OTI, Oberthur Technologies SA, and Proxama PLC.MarketsandMarkets segments the Contactless Payment Market on the basis of solutions, services, payment mode, verticals, and region.

A detailed analysis of the key industry players has been done to provide insights into their business overview, products and services, key strategies, new product launches, mergers & acquisitions, partnerships, agreements, collaborations, and recent developments associated with the security analytics market.About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.

Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients.

The pay at the table solution can help you increase the efficiency of the staff of the restaurant.

Get ready to learn more.

According to a new market research report "Contactless Payment Market by Component (Hardware (PoS and Cards), Solutions, and Services (Consulting, Integration and Deployment, and Support and Maintenance)), Vertical (Retail and hospitality), and Region - Global Forecast to 2025", published by MarketsandMarkets™, the contactless payment market size expected to grow from USD 10.3 billion in 2020 to USD 18.0 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 11.7% during the forecast period.

The major advantage offered by contactless payments is that customers can instantly complete transactions with the tap of a card.

With the increasing integration of contactless payment technologies in mobile handsets and smart phones, the demand for contactless payment solutions has grown tremendously across all the countries.Browse in-depth TOC on "Contactless Payment Market”106- Tables 34- Figures 154 PagesRequest PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1313Based on component, the hardware segment to account for the largest market size during the forecast periodThis section studies the contactless payment hardware portfolio.

Contactless payments are about wave and pay payments.

System integration services include project management, designing, engineering, procurement, testing, installation, commissioning, and after-sales services.

These services enable the effective and smooth running of processes at reduced costs while maintaining their operational environment for end users.Among regions, Europe to account for the highest market share during the forecast periodThe contactless payment market in Europe is the largest in terms of market size and is highly fragmented based on multi-currencies and multi-languages.

Contactless payment Market:WiseGuyReports.com adds “Global Contactless payment Market Research Report 2020” reports to its database.Executive SummaryGlobal Contactless payment Market is valued approximately at USD 9.3 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 11.70% over the forecast period 2020-2026.The Contactless Payment is a protected method intended for the transaction of the payments done by credit cards, debit cards, smartphones, and others.

For instance, in January 2020, CPI Card Group unveiled dual interface metal cards that distinctively combine high-quality design and contactless capabilities.

Similarly, in October 2019, Mobeewave and IDEMIA prolonged their business to install safe mobile PoS and fare authentication across Australia.

However, high cost of deploying contactless payment technologies impedes the growth of the market over the forecast period of 2020-2026.Request Free Sample Report @ https://www.wiseguyreports.com/sample-request/5272733-global-contactless-payment-market-size-study-by-componentThe regional analysis of global Contactless payment market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World.

Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026.

Factors such as growing purchasing power along with increasing acceptance of this mode of payment would create lucrative growth prospects for the Contactless payment market across Asia-Pacific region.Major market player included in this report are:ACS (Advanced Card Systems) Ltd.Chip & Pin Solutions Ltd.Mifare Pty LimitedIngenico Inc.Gemalto N.V.Verifone Systems Inc.Heartland Payment Systems Inc.On Track Innovations Ltd.Castles Technology Co. Ltd.Bindo Labs Inc.The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years.

The Global Contactless Payment Market is an emerging market in the ICT Media sector at present years.

The Global Contactless Payment Market research report offers an in-depth analysis of the global market, providing relevant information for the new market entrants or well-established players.

Some of the key strategies employed by leading key players operating in the market and their impact analysis have been included in this research report.Global contactless payment market size was US$ 1,493.2 billion in 2020 and expected to reach US$ 5,490.2 million by 2027; this converts into a compound annual growth rate (CAGR) of 21.1% for the forecast period.

The report contains some of the valuable information with regards to their outlook, in terms of their finances, product portfolios, investment plans, and business and marketing strategies.

Moreover, the report also comprises of the SWOT analysis, a business overview, and revenue generation information of the industry pioneers in the Global Contactless Payment Market.Get a sample copy of research study @ https://www.alltheresearch.com/sample-request/696Scope of the report:The Global Contactless Payment Market report provides an overview of the Contactless Payment industry by studying various key segments and sub-segments, on the basis of specification, application, end-users, and geography.

The geographical analysis of the Global Contactless Payment Market is on a global and regional scale, the result of which is used to evaluate the performance of the global market over the forecast period.Some of the key players operating in the global contactless payment market includes: Gemalto N.V., Giesecke & Devrient GmbH, Visa Inc., Heartland Payment Systems, Verifone Systems Inc., Ingenico Group SA, On Track Innovations (OTI) Ltd, IDEMIA, Thales Group, Wirecard AG among others.