Contactless Payment Market Seeking Growth from Emerging Markets

Contactless Payment Market report published by Value Market Research, which studies the future outlook of the market.

It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2019-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.

The major players in the Contactless Payment include  Gemalto, Heartland Payment Systems, Inc., Visa Inc., Verifone, Giesecke & Devrient GmbH, Ingenico Group SA, IDEMIA, Wirecard AG., On Track Innovations Ltd., and Thales Group.

This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Contactless Payment Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/contactless-payment-market/download-sampleMarket SegmentationThe broad Contactless Payment has been sub-grouped into the Devices, Solution, Application and Region.

The report studies these subsets with respect to the geographical segmentation.

The strategists can gain a detailed insight and devise appropriate strategies to target specific market.

Every day we go shopping and exchange our money with the product we buy.

But today you can already pay even without your card.Contactless payment system hit the market not so long ago but it is quickly gaining a wide popularity.

It saves your time and increases financial web security.

In this article, we will reveal a more detailed view to explain the phenomenon of a contactless payment.

Bank cards got integrated circuits, chip, and antenna to send certain information about payment transactions to the terminal via the radio channel.

Such technology changed the idea of financial transactions.Various payment systems call this technology differently: MasterCard Worldwide calls it PayPass while VISA calls it payWave.Contactless payment tech An important advantage of this card lies in its comfort and safety.

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=1313The 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 of this industry @ 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 ‘Global Contactless Payment Market Report’ is a comprehensive and in-depth stuxxdy on the size, share, growth, trends, demand and estimation with a focus on the latest development.

The report provides key statistics on the market status with highlights on various important strategic such as mergers, acquisitions, partnership and other development.This section of the contactless payment market report provides detailed data on the segments by analyzing them geographically, thereby assisting the strategist in identifying the target demographics for the respective product or service.Request a FREE Sample Copy of Global Contactless Payment Market Report with Full TOC At: https://www.valuemarketresearch.com/contact/contactless-payment-market/download-sampleBy DeviceSmartphones and WearablesPoint-of-Sales TerminalsSmart CardsBy SolutionPayment Terminal SolutionTransaction ManagementSecurity and Fraud ManagementHosted Point-of-SalesAnalyticsBy ApplicationRetailTransportationHealthcareHospitalityGovernmentBy RegionNorth AmericaEuropeThe Asia PacificLatin AmericaThe Middle East and AfricaBrowse Full Global Contactless Payment Market Research Report With TOC At: https://www.valuemarketresearch.com/report/contactless-payment-marketThe research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.

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.

This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.This section covers regional segmentation which accentuates on current and future demand for contactless payment market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

Further, the report focuses on demand for individual application segment across all the prominent regions.Purchase complete Global Contactless Payment Market Research Report At: https://www.valuemarketresearch.com/contact/contactless-payment-market/buy-nowAbout Us:Value Market Research was established with the vision to ease decision making and empower the strategists by providing them with holistic market information.We facilitate clients with syndicate research reports and customized research reports on 25+ industries with global as well as regional coverage.Contact:Value Market Research401/402, TFM, Nagras Road, Aundh, Pune-7.Maharashtra, INDIA.Tel: +1-888-294-1147Email: [email protected]: https://www.valuemarketresearch.com

This report aims to offer an in-depth analysis of all the important dynamics and development that will help to understand the market in better way.

The content offered in this report provides effect of restraints, growth drivers, trends, opportunities that will help in in-depth understanding of market.

Regions that have been divided for the purpose of analysis include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa.

The qualitative approach which is an exploratory approach and uses activities such as focus groups, in-depth interviews and Ethnographic research – which involves participant observation as part of field research and the quantitative approach uses objective measurements and numerical analysis of data that is collected through research methods such as surveys, polls and questionnaires.Get Sample report of “Contactless Payment Market” –https://www.fastmr.com/request-s/260Market Segmentation:By Payment Mode:- Mobile Handsets- Smartcards- OthersBy Solution:- Contactless Mobile Payment- Transaction Management- Payment Terminal- Device Management- Hosted Point of Sale- OthersBy Technology:- Radio-frequency Identification (RFID)- Host Card Emulation (HCE)- Near-field Communication (NFC)- OthersBy Industry Vertical:- Banking, Financial Services and Insurance (BFSI)- IT & Telecom- Hospitality- Retail- Government- TransportationOn the basis of Geographical Region- North America (U.S. & Canada) - Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe) - Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific) - Latin America (Brazil, Mexico, Argentina and Rest of Latin America) - Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa).Browse Full Report of “Contactless Payment Market”-https://www.fastmr.com/report/260/contactless-payment-marketThe research report provides a detailed analysis of the key players in the market, products, applications, and regional analysis which also covers government policies that will affect the market.The report helps in knowing all-inclusive views of the market that will help in making better understanding for business purposes.The report is full of objective data that will help in making best business decisions for its growth.

The report helps in making customer awareness and help in making their business to grow in right-direction.

It can provide a deeper understanding on your customer and competitors.Similarly understanding the broader market environment can help to identify new prospects for the business.

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: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 report provides a detailed and extensive analysis on global Contactless Payment Market by Fast.MR Market Research , that can be used to obtain a thorough understanding of the Contactless Payment Industry, including the latest developments in the studied market .The report mainly studies the market size of Contactless Payment Products/Services, recent trends and status of growth, as well as investment opportunities, market dynamics (such as growth drivers, restraints), and industry news updates (such as mergers, acquisitions, and investments).The efficiency of the product/service will be further optimized by technical advancement and development, making it more broadly used in downstream applications.Our research analysts have carefully examined both the positive and negative factors affecting the Contactless Payment Market.

The current pandemic situation of COVID-19 has adversely affected the market, our analysts have covered- up all possible impacts of it that is going to affect the Contactless Payment Market during post COVID-19 period.

The qualitative approach which is an exploratory approach and uses activities such as focus groups, in-depth interviews and Ethnographic research – which involves participant observation as part of field research and the quantitative approach uses objective measurements and numerical analysis of data that is collected through research methods such as surveys, polls and questionnaires.Access Sample Report With Detail Analysis COVID -19 @ https://www.fastmr.com/request-s/260Market Segmentation:The research offers a comprehensive analysis of global Contactless Payment Market with respect to following sub-markets:By Payment Mode:- Mobile Handsets- Smartcards- OthersBy Solution:- Contactless Mobile Payment- Transaction Management- Payment Terminal- Device Management- Hosted Point of Sale- OthersBy Technology:- Radio-frequency Identification (RFID)- Host Card Emulation (HCE)- Near-field Communication (NFC)- OthersBy Industry Vertical:- Banking, Financial Services and Insurance (BFSI)- IT & Telecom- Hospitality- Retail- Government- Transportation- OthersRegional Analysis:-North America (U.S. & Canada).-Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of   Europe).-Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand, and Rest of Asia Pacific).-Latin America (Brazil, Mexico, and Rest of Latin America).-Middle East & Africa (GCC, North Africa, South Africa, and Rest of Middle East & Africa).Aim of the study:The study provides a detailed competitive landscape along with comprehensive analysis of product line, product innovation, technological development, business models, market share and size of global Contactless Payment Market.

The report covers a study of recent industry trends, including product releases, mergers, acquisitions, alliances, joint ventures and collaborations.

The study provides a futuristic understanding of business scenario for the 2019-2025 forecast period.Leading players of Contactless Payment Market are as follows:The market research report provides analysis of major & niche key market players in global Contactless Payment Market based on their sales & revenue, market served, products, regional growth, and other factors.

In addition to this, the report also profiles various major & niche key market players in the market –Infineon Technologies AGGemaltoWirecard AGGiesecke+DevrientIDEMIAVeriFone Holdings, Inc.Setomatic SystemsIdentivOn Track InnovationsBitelOther Major & Niche PlayersThe Following are the Key Features of Global Contactless Payment Market Report:-Market Overview, Industry Development, Market Maturity, PESTLE Analysis, Value Chain Analysis-Growth Drivers and Barriers, Market Trends & Market Opportunities-Porter’s Five Forces Analysis & Trade Analysis-Market Forecast Analysis for 2019-2025-Market Segments by Geographies and Countries-Market Segment Trend and Forecast-Market Analysis and Recommendations-Price Analysis-Key Market Driving Factors-Contactless Payment Market Company Analysis: Company Market Share & Market Positioning, Company Profiling, Recent Industry Developments etc.Browse Full Report With Detail Analysis With COVID -19 Impact @ https://www.fastmr.com/report/260/contactless-payment-marketKey Questions Answered-What is the impact of Covid-19 on Global Contactless Payment Market and strategies for recovery?-What are the new trends influencing the growth of Contactless Payment Market?

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.