Report overview
The mobile payment industry has evolved over the past decade with advanced technologies and innovative developments by the key players for providing ease of payment using devices such as mobile handsets, point of sale terminals, NFC chips, smart cards, and others. Contactless payment systems comprise smart cards or other devices that integrate RFID or NFC technologies for making secure and contactless payment. Unlike mobile payments that are done through the internet, contactless payments are carried out in close physical proximity preventing unauthorized access during the transaction(s).
This report aims to provide a comprehensive presentation of the global market for Contactless Payments, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Contactless Payments. This report contains market size and forecasts of Contactless Payments in global, including the following market information:
Global Contactless Payments Market Revenue, 2018-2023, 2024-2030, ($ millions)
Global top five companies in 2022 (%)
The global Contactless Payments market was valued at US$ 10560 million in 2022 and is projected to reach US$ 22600 million by 2030, at a CAGR of 11.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The global contactless payments market is driven by reduced transaction time, convenience in processing low-value payments, and increased revenue opportunities. However, high costs involved for the installation of EPOS terminals and lower rate of adoption hamper the contactless payments market growth.
We surveyed the Contactless Payments companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Contactless Payments Market, by Type, 2018-2023, 2024-2030 ($ millions)
Global Contactless Payments Market Segment Percentages, by Type, 2022 (%)
Payment Terminal Solution
Transaction Management
Security and Fraud Management
Hosted Point-of-sale
Analytics
Global Contactless Payments Market, by Application, 2018-2023, 2024-2030 ($ millions)
Global Contactless Payments Market Segment Percentages, by Application, 2022 (%)
BFSI
Retail
IT & Telecom
Transportation
Hospitality
Government
Others
Global Contactless Payments Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions)
Global Contactless Payments Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Contactless Payments revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Contactless Payments revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Ingenico Group
Verifone Systems
Inside Secure
On Track Innovations
Oberthur Technologies
Proxama
Wirecard
Giesecke & Devrient
Gemalto
Heartland Payment Systems
Outline of Major Chapters:
Chapter 1: Introduces the definition of Contactless Payments, market overview.
Chapter 2: Global Contactless Payments market size in revenue.
Chapter 3: Detailed analysis of Contactless Payments company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Contactless Payments in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
