Please Wait.....
Report
Contactless Payment Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Hardware, Solution, Services); Industry Vertical (BFSI, Retail, IT and Telecom, Transportation, Hospitality, Government, Others) and Geography
Market Report I 2023-12-01 I 150 Pages I The Insight Partners
The contactless payments market size was valued at US$ 33.26 billion in 2022 and is expected to reach US$ 91.80 billion by 2030; it is estimated to register a CAGR of 13.5% from 2022 to 2030.
The term contactless payment refers to a secure method by which consumers use debit cards, credit cards, smart cards, or other payment devices to purchase products or services through the use of radio frequency identification (RFID) technology and Near Field Communication (NFC). This payment method works by clicking on a payment card or other device near a point of sale terminal equipped with contactless payment technology. Contactless payment is also called tap and go or tap by some banks and retailers.
MARKET DYNAMICS
The retail vertical industry is undergoing major changes. Retailers are modernizing their physical stores to better serve customers and opening online stores to increase revenue. They are adopting innovative technologies such as cloud computing, big data analysis, digital stores and social media to increase their visibility and influence in the market. Retailers are also aware of the benefits of contactless payment, including reducing transaction time, increasing revenue, improving operational efficiency and minimizing operating costs. Mobile payments in retail stores help speed up the transaction process and reduce queues at the counter.
MARKET SCOPE
The "Global Contactless Payment Market Analysis To 2028" is a specialized and in-depth study of the technology, media, and telecommunication industry with a special focus on the global market trend analysis. The contactless payment market report aims to provide an overview of the contactless payment market with detailed market segmentation by component, industry vertical, and geography. The global contactless payment market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading contactless payment market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global contactless payment market is segmented based on component, industry vertical. Based on component, the contactless payment market is segmented into hardware, solution, services. Based on industry vertical, the contactless payment market is segmented into BFSI, retail, IT and telecom, transportation, hospitality, government, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global contactless payment market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The contactless payment market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the contactless payment market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA, and South& Central America after evaluating political, economic, social and technological factors affecting the contactless payment market in these regions.
MARKET PLAYERS
The reports cover key developments in the contactless payment market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from contactless payment market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the underwriting and rating software market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the underwriting and rating software market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
Advanced Card Systems Ltd.
Thales Group
Giesecke+Devrient Mobile Security GmbH
Heartland Payment Systems
Ingenico Group
Mastercard
On Track Innovations LTD.
VeriFone, Inc.
Visa Inc.
Wirecard AG.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Contactless Payment Market - By Component
1.3.2 Contactless Payment Market - By Industry Vertical
1.3.3 Contactless Payment Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CONTACTLESS PAYMENT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. CONTACTLESS PAYMENT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. CONTACTLESS PAYMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. CONTACTLESS PAYMENT - GLOBAL MARKET OVERVIEW
6.2. CONTACTLESS PAYMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CONTACTLESS PAYMENT MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. HARDWARE
7.3.1. Overview
7.3.2. Hardware Market Forecast and Analysis
7.3.3. POS Market
7.3.3.1. Overview
7.3.3.2. POS Market Forecast and Analysis
7.3.4. Cards Market
7.3.4.1. Overview
7.3.4.2. Cards Market Forecast and Analysis
7.3.5. Others Market
7.3.5.1. Overview
7.3.5.2. Others Market Forecast and Analysis
7.4. SOLUTION
7.4.1. Overview
7.4.2. Solution Market Forecast and Analysis
7.5. SERVICES
7.5.1. Overview
7.5.2. Services Market Forecast and Analysis
8. CONTACTLESS PAYMENT MARKET - REVENUE AND FORECASTS TO 2028 - INDUSTRY VERTICAL
8.1. OVERVIEW
8.2. INDUSTRY VERTICAL MARKET FORECASTS AND ANALYSIS
8.3. BFSI
8.3.1. Overview
8.3.2. BFSI Market Forecast and Analysis
8.4. RETAIL
8.4.1. Overview
8.4.2. Retail Market Forecast and Analysis
8.5. IT AND TELECOM
8.5.1. Overview
8.5.2. IT and Telecom Market Forecast and Analysis
8.6. TRANSPORTATION
8.6.1. Overview
8.6.2. Transportation Market Forecast and Analysis
8.7. HOSPITALITY
8.7.1. Overview
8.7.2. Hospitality Market Forecast and Analysis
8.8. GOVERNMENT
8.8.1. Overview
8.8.2. Government Market Forecast and Analysis
8.9. OTHERS
8.9.1. Overview
8.9.2. Others Market Forecast and Analysis
9. CONTACTLESS PAYMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Contactless Payment Market Overview
9.1.2 North America Contactless Payment Market Forecasts and Analysis
9.1.3 North America Contactless Payment Market Forecasts and Analysis - By Component
9.1.4 North America Contactless Payment Market Forecasts and Analysis - By Industry Vertical
9.1.5 North America Contactless Payment Market Forecasts and Analysis - By Countries
9.1.5.1 United States Contactless Payment Market
9.1.5.1.1 United States Contactless Payment Market by Component
9.1.5.1.2 United States Contactless Payment Market by Industry Vertical
9.1.5.2 Canada Contactless Payment Market
9.1.5.2.1 Canada Contactless Payment Market by Component
9.1.5.2.2 Canada Contactless Payment Market by Industry Vertical
9.1.5.3 Mexico Contactless Payment Market
9.1.5.3.1 Mexico Contactless Payment Market by Component
9.1.5.3.2 Mexico Contactless Payment Market by Industry Vertical
9.2. EUROPE
9.2.1 Europe Contactless Payment Market Overview
9.2.2 Europe Contactless Payment Market Forecasts and Analysis
9.2.3 Europe Contactless Payment Market Forecasts and Analysis - By Component
9.2.4 Europe Contactless Payment Market Forecasts and Analysis - By Industry Vertical
9.2.5 Europe Contactless Payment Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Contactless Payment Market
9.2.5.1.1 Germany Contactless Payment Market by Component
9.2.5.1.2 Germany Contactless Payment Market by Industry Vertical
9.2.5.2 France Contactless Payment Market
9.2.5.2.1 France Contactless Payment Market by Component
9.2.5.2.2 France Contactless Payment Market by Industry Vertical
9.2.5.3 Italy Contactless Payment Market
9.2.5.3.1 Italy Contactless Payment Market by Component
9.2.5.3.2 Italy Contactless Payment Market by Industry Vertical
9.2.5.4 United Kingdom Contactless Payment Market
9.2.5.4.1 United Kingdom Contactless Payment Market by Component
9.2.5.4.2 United Kingdom Contactless Payment Market by Industry Vertical
9.2.5.5 Russia Contactless Payment Market
9.2.5.5.1 Russia Contactless Payment Market by Component
9.2.5.5.2 Russia Contactless Payment Market by Industry Vertical
9.2.5.6 Rest of Europe Contactless Payment Market
9.2.5.6.1 Rest of Europe Contactless Payment Market by Component
9.2.5.6.2 Rest of Europe Contactless Payment Market by Industry Vertical
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Contactless Payment Market Overview
9.3.2 Asia-Pacific Contactless Payment Market Forecasts and Analysis
9.3.3 Asia-Pacific Contactless Payment Market Forecasts and Analysis - By Component
9.3.4 Asia-Pacific Contactless Payment Market Forecasts and Analysis - By Industry Vertical
9.3.5 Asia-Pacific Contactless Payment Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Contactless Payment Market
9.3.5.1.1 Australia Contactless Payment Market by Component
9.3.5.1.2 Australia Contactless Payment Market by Industry Vertical
9.3.5.2 China Contactless Payment Market
9.3.5.2.1 China Contactless Payment Market by Component
9.3.5.2.2 China Contactless Payment Market by Industry Vertical
9.3.5.3 India Contactless Payment Market
9.3.5.3.1 India Contactless Payment Market by Component
9.3.5.3.2 India Contactless Payment Market by Industry Vertical
9.3.5.4 Japan Contactless Payment Market
9.3.5.4.1 Japan Contactless Payment Market by Component
9.3.5.4.2 Japan Contactless Payment Market by Industry Vertical
9.3.5.5 South Korea Contactless Payment Market
9.3.5.5.1 South Korea Contactless Payment Market by Component
9.3.5.5.2 South Korea Contactless Payment Market by Industry Vertical
9.3.5.6 Indonesia Contactless Payment Market
9.3.5.6.1 Indonesia Contactless Payment Market by Component
9.3.5.6.2 Indonesia Contactless Payment Market by Industry Vertical
9.3.5.7 Rest of Asia-Pacific Contactless Payment Market
9.3.5.7.1 Rest of Asia-Pacific Contactless Payment Market by Component
9.3.5.7.2 Rest of Asia-Pacific Contactless Payment Market by Industry Vertical
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Contactless Payment Market Overview
9.4.2 Middle East and Africa Contactless Payment Market Forecasts and Analysis
9.4.3 Middle East and Africa Contactless Payment Market Forecasts and Analysis - By Component
9.4.4 Middle East and Africa Contactless Payment Market Forecasts and Analysis - By Industry Vertical
9.4.5 Middle East and Africa Contactless Payment Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Contactless Payment Market
9.4.5.1.1 South Africa Contactless Payment Market by Component
9.4.5.1.2 South Africa Contactless Payment Market by Industry Vertical
9.4.5.2 Saudi Arabia Contactless Payment Market
9.4.5.2.1 Saudi Arabia Contactless Payment Market by Component
9.4.5.2.2 Saudi Arabia Contactless Payment Market by Industry Vertical
9.4.5.3 U.A.E Contactless Payment Market
9.4.5.3.1 U.A.E Contactless Payment Market by Component
9.4.5.3.2 U.A.E Contactless Payment Market by Industry Vertical
9.4.5.4 Rest of Middle East and Africa Contactless Payment Market
9.4.5.4.1 Rest of Middle East and Africa Contactless Payment Market by Component
9.4.5.4.2 Rest of Middle East and Africa Contactless Payment Market by Industry Vertical
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Contactless Payment Market Overview
9.5.2 South and Central America Contactless Payment Market Forecasts and Analysis
9.5.3 South and Central America Contactless Payment Market Forecasts and Analysis - By Component
9.5.4 South and Central America Contactless Payment Market Forecasts and Analysis - By Industry Vertical
9.5.5 South and Central America Contactless Payment Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Contactless Payment Market
9.5.5.1.1 Brazil Contactless Payment Market by Component
9.5.5.1.2 Brazil Contactless Payment Market by Industry Vertical
9.5.5.2 Argentina Contactless Payment Market
9.5.5.2.1 Argentina Contactless Payment Market by Component
9.5.5.2.2 Argentina Contactless Payment Market by Industry Vertical
9.5.5.3 Rest of South and Central America Contactless Payment Market
9.5.5.3.1 Rest of South and Central America Contactless Payment Market by Component
9.5.5.3.2 Rest of South and Central America Contactless Payment Market by Industry Vertical
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. CONTACTLESS PAYMENT MARKET, KEY COMPANY PROFILES
11.1. ADVANCED CARD SYSTEMS LTD.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. THALES GROUP
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. GIESECKE+DEVRIENT MOBILE SECURITY GMBH
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. HEARTLAND PAYMENT SYSTEMS
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. INGENICO GROUP
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MASTERCARD
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. ON TRACK INNOVATIONS LTD.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. VERIFONE, INC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. VISA INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. WIRECARD AG
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security