Global Contactless Payments Market Growth (Status and Outlook) 2024-2030

Publication ID:

LPI12249549

Publication Date:

December 26, 2024

Pages:

115

Publisher:

LPI

Countries:

Global [1]

USD 3,660.00

IT Services [2]

Software [3]

Computing & Electronics [4]

Description:

The global Contactless Payments market size was valued at US$ 10040 million in 2023. With growing demand in downstream market, the Contactless Payments is forecast to a readjusted size of US$ 22820 million by 2030 with a CAGR of 12.4% during review period.
The research report highlights the growth potential of the global Contactless Payments market. Contactless Payments are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Contactless Payments. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Contactless Payments market.
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).
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.
Key Features:
The report on Contactless Payments market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Contactless Payments market. It may include historical data, market segmentation by Type (e.g., Payment Terminal Solution, Transaction Management), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Contactless Payments market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Contactless Payments market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Contactless Payments industry. This include advancements in Contactless Payments technology, Contactless Payments new entrants, Contactless Payments new investment, and other innovations that are shaping the future of Contactless Payments.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Contactless Payments market. It includes factors influencing customer ' purchasing decisions, preferences for Contactless Payments product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Contactless Payments market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Contactless Payments market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Contactless Payments market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Contactless Payments industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Contactless Payments market.
Market Segmentation:
Contactless Payments market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Segmentation by type
Payment Terminal Solution
Transaction Management
Security and Fraud Management
Hosted Point-of-sale
Analytics
Segmentation by application
BFSI
Retail
IT & Telecom
Transportation
Hospitality
Government
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Ingenico Group
Verifone Systems
Inside Secure
On Track Innovations
Oberthur Technologies
Proxama
Wirecard
Giesecke & Devrient
Gemalto
Heartland Payment Systems

Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.

Table Of Contents:

1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Contactless Payments Market Size 2019-2030
2.1.2 Contactless Payments Market Size CAGR by Region 2019 VS 2023 VS 2030
2.2 Contactless Payments Segment by Type
2.2.1 Payment Terminal Solution
2.2.2 Transaction Management
2.2.3 Security and Fraud Management
2.2.4 Hosted Point-of-sale
2.2.5 Analytics
2.3 Contactless Payments Market Size by Type
2.3.1 Contactless Payments Market Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global Contactless Payments Market Size Market Share by Type (2019-2024)
2.4 Contactless Payments Segment by Application
2.4.1 BFSI
2.4.2 Retail
2.4.3 IT & Telecom
2.4.4 Transportation
2.4.5 Hospitality
2.4.6 Government
2.4.7 Others
2.5 Contactless Payments Market Size by Application
2.5.1 Contactless Payments Market Size CAGR by Application (2019 VS 2023 VS 2030)
2.5.2 Global Contactless Payments Market Size Market Share by Application (2019-2024)
3 Contactless Payments Market Size by Player
3.1 Contactless Payments Market Size Market Share by Players
3.1.1 Global Contactless Payments Revenue by Players (2019-2024)
3.1.2 Global Contactless Payments Revenue Market Share by Players (2019-2024)
3.2 Global Contactless Payments Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Contactless Payments by Regions
4.1 Contactless Payments Market Size by Regions (2019-2024)
4.2 Americas Contactless Payments Market Size Growth (2019-2024)
4.3 APAC Contactless Payments Market Size Growth (2019-2024)
4.4 Europe Contactless Payments Market Size Growth (2019-2024)
4.5 Middle East & Africa Contactless Payments Market Size Growth (2019-2024)
5 Americas
5.1 Americas Contactless Payments Market Size by Country (2019-2024)
5.2 Americas Contactless Payments Market Size by Type (2019-2024)
5.3 Americas Contactless Payments Market Size by Application (2019-2024)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Contactless Payments Market Size by Region (2019-2024)
6.2 APAC Contactless Payments Market Size by Type (2019-2024)
6.3 APAC Contactless Payments Market Size by Application (2019-2024)
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Contactless Payments by Country (2019-2024)
7.2 Europe Contactless Payments Market Size by Type (2019-2024)
7.3 Europe Contactless Payments Market Size by Application (2019-2024)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Contactless Payments by Region (2019-2024)
8.2 Middle East & Africa Contactless Payments Market Size by Type (2019-2024)
8.3 Middle East & Africa Contactless Payments Market Size by Application (2019-2024)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global Contactless Payments Market Forecast
10.1 Global Contactless Payments Forecast by Regions (2025-2030)
10.1.1 Global Contactless Payments Forecast by Regions (2025-2030)
10.1.2 Americas Contactless Payments Forecast
10.1.3 APAC Contactless Payments Forecast
10.1.4 Europe Contactless Payments Forecast
10.1.5 Middle East & Africa Contactless Payments Forecast
10.2 Americas Contactless Payments Forecast by Country (2025-2030)
10.2.1 United States Contactless Payments Market Forecast
10.2.2 Canada Contactless Payments Market Forecast
10.2.3 Mexico Contactless Payments Market Forecast
10.2.4 Brazil Contactless Payments Market Forecast
10.3 APAC Contactless Payments Forecast by Region (2025-2030)
10.3.1 China Contactless Payments Market Forecast
10.3.2 Japan Contactless Payments Market Forecast
10.3.3 Korea Contactless Payments Market Forecast
10.3.4 Southeast Asia Contactless Payments Market Forecast
10.3.5 India Contactless Payments Market Forecast
10.3.6 Australia Contactless Payments Market Forecast
10.4 Europe Contactless Payments Forecast by Country (2025-2030)
10.4.1 Germany Contactless Payments Market Forecast
10.4.2 France Contactless Payments Market Forecast
10.4.3 UK Contactless Payments Market Forecast
10.4.4 Italy Contactless Payments Market Forecast
10.4.5 Russia Contactless Payments Market Forecast
10.5 Middle East & Africa Contactless Payments Forecast by Region (2025-2030)
10.5.1 Egypt Contactless Payments Market Forecast
10.5.2 South Africa Contactless Payments Market Forecast
10.5.3 Israel Contactless Payments Market Forecast
10.5.4 Turkey Contactless Payments Market Forecast
10.5.5 GCC Countries Contactless Payments Market Forecast
10.6 Global Contactless Payments Forecast by Type (2025-2030)
10.7 Global Contactless Payments Forecast by Application (2025-2030)

11 Key Players Analysis
11.1 Ingenico Group
11.1.1 Ingenico Group Company Information
11.1.2 Ingenico Group Contactless Payments Product Offered
11.1.3 Ingenico Group Contactless Payments Revenue, Gross Margin and Market Share (2019-2024)
11.1.4 Ingenico Group Main Business Overview
11.1.5 Ingenico Group Latest Developments
11.2 Verifone Systems
11.2.1 Verifone Systems Company Information
11.2.2 Verifone Systems Contactless Payments Product Offered
11.2.3 Verifone Systems Contactless Payments Revenue, Gross Margin and Market Share (2019-2024)
11.2.4 Verifone Systems Main Business Overview
11.2.5 Verifone Systems Latest Developments
11.3 Inside Secure
11.3.1 Inside Secure Company Information
11.3.2 Inside Secure Contactless Payments Product Offered
11.3.3 Inside Secure Contactless Payments Revenue, Gross Margin and Market Share (2019-2024)
11.3.4 Inside Secure Main Business Overview
11.3.5 Inside Secure Latest Developments
11.4 On Track Innovations
11.4.1 On Track Innovations Company Information
11.4.2 On Track Innovations Contactless Payments Product Offered
11.4.3 On Track Innovations Contactless Payments Revenue, Gross Margin and Market Share (2019-2024)
11.4.4 On Track Innovations Main Business Overview
11.4.5 On Track Innovations Latest Developments
11.5 Oberthur Technologies
11.5.1 Oberthur Technologies Company Information
11.5.2 Oberthur Technologies Contactless Payments Product Offered
11.5.3 Oberthur Technologies Contactless Payments Revenue, Gross Margin and Market Share (2019-2024)
11.5.4 Oberthur Technologies Main Business Overview
11.5.5 Oberthur Technologies Latest Developments
11.6 Proxama
11.6.1 Proxama Company Information
11.6.2 Proxama Contactless Payments Product Offered
11.6.3 Proxama Contactless Payments Revenue, Gross Margin and Market Share (2019-2024)
11.6.4 Proxama Main Business Overview
11.6.5 Proxama Latest Developments
11.7 Wirecard
11.7.1 Wirecard Company Information
11.7.2 Wirecard Contactless Payments Product Offered
11.7.3 Wirecard Contactless Payments Revenue, Gross Margin and Market Share (2019-2024)
11.7.4 Wirecard Main Business Overview
11.7.5 Wirecard Latest Developments
11.8 Giesecke & Devrient
11.8.1 Giesecke & Devrient Company Information
11.8.2 Giesecke & Devrient Contactless Payments Product Offered
11.8.3 Giesecke & Devrient Contactless Payments Revenue, Gross Margin and Market Share (2019-2024)
11.8.4 Giesecke & Devrient Main Business Overview
11.8.5 Giesecke & Devrient Latest Developments
11.9 Gemalto
11.9.1 Gemalto Company Information
11.9.2 Gemalto Contactless Payments Product Offered
11.9.3 Gemalto Contactless Payments Revenue, Gross Margin and Market Share (2019-2024)
11.9.4 Gemalto Main Business Overview
11.9.5 Gemalto Latest Developments
11.10 Heartland Payment Systems
11.10.1 Heartland Payment Systems Company Information
11.10.2 Heartland Payment Systems Contactless Payments Product Offered
11.10.3 Heartland Payment Systems Contactless Payments Revenue, Gross Margin and Market Share (2019-2024)
11.10.4 Heartland Payment Systems Main Business Overview
11.10.5 Heartland Payment Systems Latest Developments
12 Research Findings and Conclusion

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