Global Contactless Payment Market Analysis & Trends - Industry Forecast to 2027
The Global Contactless Payment Market is poised to grow strong during the forecast period 2017 to 2027.. Some of the prominent trends that the market is witnessing include integration of IoT and contactless payment technology, growing technology users in emerging economies, recent technological Developments in Contactless Payment and growth opportunities/investment opportunities.
Based on solution, market is segmented into analytics solution, security & fraud management solution, payment terminal solution, hosted point of sale solution, transaction management solution, device management solution, data management solution and contactless mobile payment solution.
Amongst payment mode, market is segmented into contactless form factors, mobile handsets and contactless smart cards. By Device, market is classified into point-of-sale terminals, mobile handsets, smart cards, NFC chips, credit/debit card, stickers, key fobs, wearables, car tag and other devices.
On basis of application, market is divided into government, healthcare, retail, hospitality, transportation and logistics, banking, financial services & insurance (BFSI), it & telecom, energy & utilities and other applications. Amongst service, market is segmented into managed services, multi-channel payment and value-added services, professional services. Professional Services is subdivided into integration and deployment services, consulting services and support & maintenance services.
Based on technology, market is segmented into infrared based, NFC based (Near Field Communication) technology, RFID based (Radio Frequency Identification) technology, and other technologies. By standard, market is classified into ISO/IEC 14443 and ISO/IEC 15693.
By transaction model, market is classified into offline stored value card, track 1 and track 2 data, speed pass, EMV card and E-Z pass. On basis of operational frequency, market is divided into low frequency, high frequency and ultra high frequency.
This industry report analyzes the market estimates and forecasts of all the given segments on global as well as regional levels presented in the research scope. The study provides historical market data for 2015, 2016 revenue estimations are presented for 2017 and forecasts from 2018 till 2027. The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. With comprehensive market assessment across the major geographies such as North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the world the report is a valuable asset for the existing players, new entrants and the future investors.
The study presents detailed market analysis with inputs derived from industry professionals across the value chain. A special focus has been made on 23 countries such as U.S., Canada, Mexico, U.K., Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, South Africa, etc. The market data is gathered from extensive primary interviews and secondary research. The market size is calculated based on the revenue generated through sales from all the given segments and sub segments in the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.
This report provides data tables, includes charts and graphs for visual analysis.
- Rest of Europe
- New Zealand
- Rest of Asia Pacific
- Saudi Arabia
- Rest of Middle East
- Rest of Latin America
Rest of the World
- South Africa
- The report provides a detailed analysis on current and future market trends to identify the investment opportunities
- Market forecasts till 2027, using estimated market values as the base numbers
- Key market trends across the business segments, Regions and Countries
- Key developments and strategies observed in the market
- Market Dynamics such as Drivers, Restraints, Opportunities and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2027
- Market opportunities and recommendations for new investments
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