Contactless Payments - Global Market Outlook (2018-2027)

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Contactless Payments - Global Market Outlook (2018-2027)

Global Contactless Payments market is accounted for $8.00 billion in 2018 and is expected to reach $24.99 billion by 2027 growing at a CAGR of 13.5% during the forecast period. While the factors such as increased customer satisfaction and improved loyalty programs, and enhanced purchase experience are driving the growth of the market. However, the high cost of deploying contactless payment technologies is restraining market growth. Moreover, the rising demand for mobile and wearable payment devices is creating ample opportunities across the globe.

Contactless Payment, a service offered by banks is a secure way for consumers to purchase goods or services via smart cards without signing or entering a pin. A contactless transaction can be done by just tapping the card on a Point of Sale terminal. The primary goal of these payments is to speed up the transaction for consumers. Contactless payment transactions are limited as these are not authenticated by a pin or a signature. Banks and Credit Card issuers also get benefited from contactless payments as the customers who tap tend to use their cards more frequently. In a contactless payment transaction, the data associated with your card or device constantly changes and can hardly be hacked.

Based on end-user, the retail segment is likely to have a huge demand in the forecast period due to retailers are adopting innovative technologies, like cloud computing, big data analytics, digital stores, and social networks, to increase their visibility and presence in the market. Moreover, retailers are modernizing their brick-and-mortar stores to provide improved services for customers and establish online stores to increase revenues.

By geography, Europe is estimated to grow at a significant rate due to the presence of the diverse range of countries such as UK, Spain, and Poland which are the leading countries in total contactless spending with the increasing circulation of contactless cards and terminals by card companies, such as Visa and Mastercard.

Some of the key players in Contactless Payments Market include Gemalto N.V, Giesecke& Devrient Gmbh, Verifone Systems, Inc, Ingenico Group, Wirecard AG, Heartland Payment Systems, Inc, Inside Secure, Oberthur Technologies SA, On Track Innovations, Proxama, Paycor, SumUp, Castle, Alcinéo, and Mobeewave.

Operational Frequencies Covered:
• Ultra High Frequency
• High Frequency
• Low Frequency

Technologies Covered:
• Radio Frequency Identification (RFID) Technology
• Near Field Communication (NFC) Technology
• Infrared (IR) Technology
• Bluetooth    

Devices Covered:
• Stickers
• Plastic Cards
• Watch and Wrist Band
• Key Fobs
• Mobile Phones
• Car Tag
• Smart Cards
• Mobile Handsets    

Components Covered:
• Solutions
• Services
• Hardware
• Application Programming Interface (API)
• Mobile Applications
• Software Development Kit (SDK)
• Other Components

 Transaction Models Covered:
• Offline Stored Value Card
• Speedpass
• E-Z Pass
• Europay, MasterCard and Visa (EMV) Card
• Track 1 and Track 2 Data

End Users Covered:
• Hospitality
• Government & Public Sector
• Telecommunication & IT
• Retail
• Energy & Utilities
• Healthcare
• Transportation & Logistics
• Banking, Financial Services and Insurance (BFSI)
• Education

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain
o Rest of Europe      
• Asia Pacific
o Japan       
o China        
o India       
o Australia       
o New Zealand      
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary       
         
2 Preface        
 2.1 Abstract       
 2.2 Stake Holders      
 2.3 Research Scope      
 2.4 Research Methodology     
  2.4.1 Data Mining     
  2.4.2 Data Analysis     
  2.4.3 Data Validation     
  2.4.4 Research Approach     
 2.5 Research Sources      
  2.5.1 Primary Research Sources    
  2.5.2 Secondary Research Sources    
  2.5.3 Assumptions     
         
3 Market Trend Analysis      
 3.1 Introduction       
 3.2 Drivers       
 3.3 Restraints      
 3.4 Opportunities      
 3.5 Threats       
 3.6 Technology Analysis     
 3.7 End User Analysis      
 3.8 Emerging Markets      
 3.9 Impact of Covid-19     
         
4 Porters Five Force Analysis       
 4.1 Bargaining power of suppliers     
 4.2 Bargaining power of buyers     
 4.3 Threat of substitutes     
 4.4 Threat of new entrants     
 4.5 Competitive rivalry      
         
5 Global Contactless Payments Market, By Operational Frequency  
 5.1 Introduction      
 5.2 Ultra High Frequency     
 5.3 High Frequency      
 5.4 Low Frequency      
         
6 Global Contactless Payments Market, By Technology   
 6.1 Introduction      
 6.2 Radio Frequency Identification (RFID) Technology   
 6.3 Near Field Communication (NFC) Technology   
 6.4 Infrared (IR) Technology     
 6.5 Bluetooth      
         
7 Global Contactless Payments Market, By Devices    
 7.1 Introduction      
 7.2 Stickers       
 7.3 Plastic Cards      
 7.4 Watch and Wrist Band     
 7.5 Key Fobs       
 7.6 Mobile Phones      
 7.7 Car Tag       
 7.8 Smart Cards      
 7.9 Mobile Handsets      
         
8 Global Contactless Payments Market, By Component   
 8.1 Introduction      
 8.2 Solutions       
  8.2.1 Hosted Point-Of-Sale    
  8.2.2 Payment Terminal Solution    
  8.2.3 Transaction Management    
  8.2.4 Security and Fraud Management   
  8.2.5 Analytics      
  8.2.6 Data Management Solution    
  8.2.7 Device Management Solution    
  8.2.8 Payment Terminal Solution    
 8.3 Services       
  8.3.1 Support and Maintenance    
  8.3.2 Consulting     
  8.3.3 Integration and Deployment    
  8.3.4 Managed Services     
  8.3.5 Professional Services    
  8.3.6 Multi-channel Payment and Value-added Services  
 8.4 Hardware      
  8.4.1 Point Of Sale (POS)     
 8.5 Application Programing Interface (API)    
 8.6 Mobile Applications     
 8.7 Software Development Kit (SDK)    
 8.8 Other Components      
  8.8.1 Wearables     
  8.8.2 Readers      
         
9 Global Contactless Payments Market, By Transaction Models   
 9.1 Introduction      
 9.2 Offline Stored Value Card     
 9.3 Speedpass      
 9.4 E-Z Pass       
 9.5 Europay, MasterCard and Visa (EMV) Card   
 9.6 Track 1 and Track 2 Data     
         
10 Global Contactless Payments Market, By End User    
 10.1 Introduction      
 10.2 Hospitality      
 10.3 Government & Public Sector     
 10.4 Telecommunication & IT     
 10.5 Retail        
 10.6 Energy & Utilities      
 10.7 Healthcare      
 10.8 Transportation & Logistics     
 10.9 Banking, Financial Services and Insurance (BFSI)   
 10.10 Education      
         
11 Global Contactless Payments Market, By Geography   
 11.1 Introduction      
 11.2 North America      
  11.2.1 US      
  11.2.2 Canada      
  11.2.3 Mexico      
 11.3 Europe       
  11.3.1 Germany      
  11.3.2 UK      
  11.3.3 Italy      
  11.3.4 France      
  11.3.5 Spain      
  11.3.6 Rest of Europe     
 11.4 Asia Pacific      
  11.4.1 Japan      
  11.4.2 China      
  11.4.3 India      
  11.4.4 Australia      
  11.4.5 New Zealand     
  11.4.6 South Korea     
  11.4.7 Rest of Asia Pacific     
 11.5 South America      
  11.5.1 Argentina     
  11.5.2 Brazil      
  11.5.3 Chile      
  11.5.4 Rest of South America    
 11.6 Middle East & Africa     
  11.6.1 Saudi Arabia     
  11.6.2 UAE      
  11.6.3 Qatar      
  11.6.4 South Africa     
  11.6.5 Rest of Middle East & Africa    
         
12 Key Developments       
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures  
 12.2 Acquisitions & Mergers     
 12.3 New Product Launch     
 12.4 Expansions      
 12.5 Other Key Strategies     
          
13 Company Profiling       
 13.1 Gemalto N.V      
 13.2 Giesecke& Devrient  Gmbh     
 13.3 Verifone Systems, Inc     
 13.4 Ingenico Group      
 13.5 Wirecard AG      
 13.6 Heartland Payment Systems, Inc    
 13.7 Inside Secure      
 13.8 Oberthur Technologies SA     
 13.9 On Track Innovations     
 13.10 Proxama       
 13.11 Paycor       
 13.12 SumUp       
 13.13 Castle       
 13.14 Alcinéo       
 13.15 Mobeewave     

 

Contactless Payments - Global Market Outlook (2018-2027)

List of Tables        
1 Global Contactless Payments Market Outlook, By Region (2017-2027) ($MN) 
2 Global Contactless Payments Market Outlook, By Operational Frequency (2017-2027) ($MN)
3 Global Contactless Payments Market Outlook, By Ultra High Frequency (2017-2027) ($MN)
4 Global Contactless Payments Market Outlook, By High Frequency (2017-2027) ($MN)
5 Global Contactless Payments Market Outlook, By Low Frequency (2017-2027) ($MN)
6 Global Contactless Payments Market Outlook, By Technology (2017-2027) ($MN) 
7 Global Contactless Payments Market Outlook, By Radio Frequency Identification (RFID) Technology (2017-2027) ($MN)
8 Global Contactless Payments Market Outlook, By Near Field Communication (NFC) Technology (2017-2027) ($MN)
9 Global Contactless Payments Market Outlook, By Infrared (IR) Technology (2017-2027) ($MN)
10 Global Contactless Payments Market Outlook, By Bluetooth (2017-2027) ($MN) 
11 Global Contactless Payments Market Outlook, By Devices (2017-2027) ($MN) 
12 Global Contactless Payments Market Outlook, By Stickers (2017-2027) ($MN) 
13 Global Contactless Payments Market Outlook, By Plastic Cards (2017-2027) ($MN) 
14 Global Contactless Payments Market Outlook, By Watch and Wrist Band (2017-2027) ($MN)
15 Global Contactless Payments Market Outlook, By Key Fobs (2017-2027) ($MN) 
16 Global Contactless Payments Market Outlook, By Mobile Phones (2017-2027) ($MN)
17 Global Contactless Payments Market Outlook, By Car Tag (2017-2027) ($MN) 
18 Global Contactless Payments Market Outlook, By Smart Cards (2017-2027) ($MN) 
19 Global Contactless Payments Market Outlook, By Mobile Handsets (2017-2027) ($MN)
20 Global Contactless Payments Market Outlook, By Component (2017-2027) ($MN) 
21 Global Contactless Payments Market Outlook, By Solutions (2017-2027) ($MN) 
22 Global Contactless Payments Market Outlook, By Hosted Point-Of-Sale (2017-2027) ($MN)
23 Global Contactless Payments Market Outlook, By Payment Terminal Solution (2017-2027) ($MN)
24 Global Contactless Payments Market Outlook, By Transaction Management (2017-2027) ($MN)
25 Global Contactless Payments Market Outlook, By Security and Fraud Management (2017-2027) ($MN)
26 Global Contactless Payments Market Outlook, By Analytics (2017-2027) ($MN) 
27 Global Contactless Payments Market Outlook, By Data Management Solution (2017-2027) ($MN)
28 Global Contactless Payments Market Outlook, By Device Management Solution (2017-2027) ($MN)
29 Global Contactless Payments Market Outlook, By Payment Terminal Solution (2017-2027) ($MN)
30 Global Contactless Payments Market Outlook, By Services (2017-2027) ($MN) 
31 Global Contactless Payments Market Outlook, By Support and Maintenance (2017-2027) ($MN)
32 Global Contactless Payments Market Outlook, By Consulting (2017-2027) ($MN) 
33 Global Contactless Payments Market Outlook, By Integration and Deployment (2017-2027) ($MN)
34 Global Contactless Payments Market Outlook, By Managed Services (2017-2027) ($MN)
35 Global Contactless Payments Market Outlook, By Professional Services (2017-2027) ($MN)
36 Global Contactless Payments Market Outlook, By Multi-channel Payment and Value-added Services (2017-2027) ($MN)
37 Global Contactless Payments Market Outlook, By Hardware (2017-2027) ($MN) 
38 Global Contactless Payments Market Outlook, By Point Of Sale (POS) (2017-2027) ($MN)
39 Global Contactless Payments Market Outlook, By Application Programing Interface (API) (2017-2027) ($MN)
40 Global Contactless Payments Market Outlook, By Mobile Applications (2017-2027) ($MN)
41 Global Contactless Payments Market Outlook, By Software Development Kit (SDK) (2017-2027) ($MN)
42 Global Contactless Payments Market Outlook, By Other Components (2017-2027) ($MN)
43 Global Contactless Payments Market Outlook, By Wearables (2017-2027) ($MN) 
44 Global Contactless Payments Market Outlook, By Readers (2017-2027) ($MN) 
45 Global Contactless Payments Market Outlook, By Transaction Models (2017-2027) ($MN)
46 Global Contactless Payments Market Outlook, By Offline Stored Value Card (2017-2027) ($MN)
47 Global Contactless Payments Market Outlook, By Speedpass (2017-2027) ($MN) 
48 Global Contactless Payments Market Outlook, By E-Z Pass (2017-2027) ($MN) 
49 Global Contactless Payments Market Outlook, By Europay, MasterCard and Visa (EMV) Card (2017-2027) ($MN)
50 Global Contactless Payments Market Outlook, By End User (2017-2027) ($MN) 
51 Global Contactless Payments Market Outlook, By Hospitality (2017-2027) ($MN) 
52 Global Contactless Payments Market Outlook, By Government & Public Sector (2017-2027) ($MN)
53 Global Contactless Payments Market Outlook, By Telecommunication & IT (2017-2027) ($MN)
54 Global Contactless Payments Market Outlook, By Retail (2017-2027) ($MN) 
55 Global Contactless Payments Market Outlook, By Energy & Utilities (2017-2027) ($MN)
56 Global Contactless Payments Market Outlook, By Healthcare (2017-2027) ($MN) 
57 Global Contactless Payments Market Outlook, By Transportation & Logistics (2017-2027) ($MN)
58 Global Contactless Payments Market Outlook, By Banking, Financial Services and Insurance (BFSI) (2017-2027) ($MN)
59 Global Contactless Payments Market Outlook, By Education (2017-2027) ($MN) 

 

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