Report Overview
Contactless payment refers to a secure method of transaction where a customer can make payments by simply tapping their contactless-enabled card, mobile device, or wearable on a point-of-sale terminal. This technology uses radio-frequency identification (RFID) or near field communication (NFC) to enable swift and convenient transactions without the need for physical contact or the insertion of a card into a terminal. Contactless payment is gaining popularity due to its speed, convenience, and enhanced security features, making it an attractive option for both consumers and businesses looking to streamline the payment process.
The market for contactless payment is experiencing significant growth globally, driven by various factors. One of the key market trends is the increasing adoption of mobile payment solutions and digital wallets, which offer contactless payment capabilities through smartphones and wearable devices. Additionally, the ongoing shift towards a cashless society, coupled with the growing preference for convenient and hygienic payment methods, is further fueling the demand for contactless payment solutions. Moreover, advancements in technology, such as the integration of biometric authentication and tokenization for enhanced security, are contributing to the widespread acceptance of contactless payment across various industries.
Furthermore, the market for contactless payment is being driven by the expanding acceptance infrastructure, with more merchants and businesses upgrading their point-of-sale terminals to support contactless transactions. The convenience and speed offered by contactless payment methods are also attracting a younger demographic of tech-savvy consumers who value seamless and efficient payment experiences. Moreover, the ongoing COVID-19 pandemic has accelerated the adoption of contactless payment solutions as consumers and businesses prioritize safety and hygiene in their day-to-day transactions. As a result, the contactless payment market is poised for continued growth and innovation as technology evolves to meet the changing needs of the modern consumer landscape.
The global Contactless Payment market size was estimated at USD 11491.20 million in 2024 and is projected to reach USD 28451.79 million by 2033, exhibiting a CAGR of 12.00% during the forecast period.
This report provides a deep insight into the global Contactless Payment market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, PEST analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Contactless Payment Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Contactless Payment market in any manner.
Global Contactless Payment Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
American Express
Thales
Giesecke & Devrient
Heartland Payment Systems
Ingenico Group
Inside Secure
MasterCard Worldwide
Microsoft
Oberthur Technologies
On Track innovations
Opus Software Solutions
Paypal
Proxama
Renesas Electronic
Discover
Verifone Systems
Visa
Wirecard
Apple
Google
Tencent
Alibaba
UnionPay
Chase
Market Segmentation (by Type)
Smart Cards
NFC Chips
Point of Sale Terminals
Mobile Handsets
Other Devices
Market Segmentation (by Application)
Managed Services
Professional Services
Multi-Channel Payment
Geographic Segmentation
- North America (USA, Canada, Mexico)
- Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
- South America (Brazil, Argentina, Columbia, Rest of South America)
- The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Contactless Payment Market
- Overview of the regional outlook of the Contactless Payment Market:
- Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
- This enables you to anticipate market changes to remain ahead of your competitors
- You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
- The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
- Provision of market value data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.
Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Contactless Payment Market and its likely evolution in the short to mid-term, and long term.
Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.
Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.
Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7 provides the analysis of various market segments according to 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 8 provides a quantitative analysis of the market size and development potential of each region from the consumer side and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 9 shares the main producing countries of Contactless Payment, their output value, profit level, regional supply, production capacity layout, etc. from the supply side.
Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.
Chapter 11 provides a quantitative analysis of the market size and development potential of each region during the forecast period.
Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment during the forecast period.
Chapter 13 is the main points and conclusions of the report.
Table of Contents 1 Research Methodology and Statistical Scope 1.1 Market Definition and Statistical Scope of Contactless Payment 1.2 Key Market Segments 1.2.1 Contactless Payment Segment by Type 1.2.2 Contactless Payment Segment by Application 1.3 Methodology & Sources of Information 1.3.1 Research Methodology 1.3.2 Research Process 1.3.3 Market Breakdown and Data Triangulation 1.3.4 Base Year 1.3.5 Report Assumptions & Caveats 2 Contactless Payment Market Overview 2.1 Global Market Overview 2.2 Market Segment Executive Summary 2.3 Global Market Size by Region 3 Contactless Payment Market Competitive Landscape 3.1 Company Assessment Quadrant 3.2 Global Contactless Payment Product Life Cycle 3.3 Global Contactless Payment Revenue Market Share by Company (2020-2025) 3.4 Contactless Payment Market Share by Company Type (Tier 1, Tier 2, and Tier 3) 3.5 Contactless Payment Company Headquarters, Area Served, Product Type 3.6 Contactless Payment Market Competitive Situation and Trends 3.6.1 Contactless Payment Market Concentration Rate 3.6.2 Global 5 and 10 Largest Contactless Payment Players Market Share by Revenue 3.6.3 Mergers & Acquisitions, Expansion 4 Contactless Payment Value Chain Analysis 4.1 Contactless Payment Value Chain Analysis 4.2 Midstream Market Analysis 4.3 Downstream Customer Analysis 5 The Development and Dynamics of Contactless Payment Market 5.1 Key Development Trends 5.2 Driving Factors 5.3 Market Challenges 5.4 Market Restraints 5.5 Industry News 5.5.1 New Product Developments 5.5.2 Mergers & Acquisitions 5.5.3 Expansions 5.5.4 Collaboration/Supply Contracts 5.6 PEST Analysis 5.6.1 Industry Policies Analysis 5.6.2 Economic Environment Analysis 5.6.3 Social Environment Analysis 5.6.4 Technological Environment Analysis 5.7 Global Contactless Payment Market Porter's Five Forces Analysis 6 Contactless Payment Market Segmentation by Type 6.1 Evaluation Matrix of Segment Market Development Potential (Type) 6.2 Global Contactless Payment Market Size Market Share by Type (2020-2025) 6.3 Global Contactless Payment Market Size Growth Rate by Type (2021-2025) 7 Contactless Payment Market Segmentation by Application 7.1 Evaluation Matrix of Segment Market Development Potential (Application) 7.2 Global Contactless Payment Market Size (M USD) by Application (2020-2025) 7.3 Global Contactless Payment Sales Growth Rate by Application (2020-2025) 8 Contactless Payment Market Segmentation by Region 8.1 Global Contactless Payment Market Size by Region 8.1.1 Global Contactless Payment Market Size by Region 8.1.2 Global Contactless Payment Market Size Market Share by Region 8.2 North America 8.2.1 North America Contactless Payment Market Size by Country 8.2.2 U.S. 8.2.3 Canada 8.2.4 Mexico 8.3 Europe 8.3.1 Europe Contactless Payment Market Size by Country 8.3.2 Germany 8.3.3 France 8.3.4 U.K. 8.3.5 Italy 8.3.6 Russia 8.4 Asia Pacific 8.4.1 Asia Pacific Contactless Payment Market Size by Region 8.4.2 China 8.4.3 Japan 8.4.4 South Korea 8.4.5 India 8.4.6 Southeast Asia 8.5 South America 8.5.1 South America Contactless Payment Market Size by Country 8.5.2 Brazil 8.5.3 Argentina 8.5.4 Columbia 8.6 Middle East and Africa 8.6.1 Middle East and Africa Contactless Payment Market Size by Region 8.6.2 Saudi Arabia 8.6.3 UAE 8.6.4 Egypt 8.6.5 Nigeria 8.6.6 South Africa 9 Key Companies Profile 9.1 American Express 9.1.1 American Express Basic Information 9.1.2 American Express Contactless Payment Product Overview 9.1.3 American Express Contactless Payment Product Market Performance 9.1.4 American Express Contactless Payment SWOT Analysis 9.1.5 American Express Business Overview 9.1.6 American Express Recent Developments 9.2 Thales 9.2.1 Thales Basic Information 9.2.2 Thales Contactless Payment Product Overview 9.2.3 Thales Contactless Payment Product Market Performance 9.2.4 Thales Contactless Payment SWOT Analysis 9.2.5 Thales Business Overview 9.2.6 Thales Recent Developments 9.3 Giesecke and Devrient 9.3.1 Giesecke and Devrient Basic Information 9.3.2 Giesecke and Devrient Contactless Payment Product Overview 9.3.3 Giesecke and Devrient Contactless Payment Product Market Performance 9.3.4 Giesecke and Devrient Contactless Payment SWOT Analysis 9.3.5 Giesecke and Devrient Business Overview 9.3.6 Giesecke and Devrient Recent Developments 9.4 Heartland Payment Systems 9.4.1 Heartland Payment Systems Basic Information 9.4.2 Heartland Payment Systems Contactless Payment Product Overview 9.4.3 Heartland Payment Systems Contactless Payment Product Market Performance 9.4.4 Heartland Payment Systems Business Overview 9.4.5 Heartland Payment Systems Recent Developments 9.5 Ingenico Group 9.5.1 Ingenico Group Basic Information 9.5.2 Ingenico Group Contactless Payment Product Overview 9.5.3 Ingenico Group Contactless Payment Product Market Performance 9.5.4 Ingenico Group Business Overview 9.5.5 Ingenico Group Recent Developments 9.6 Inside Secure 9.6.1 Inside Secure Basic Information 9.6.2 Inside Secure Contactless Payment Product Overview 9.6.3 Inside Secure Contactless Payment Product Market Performance 9.6.4 Inside Secure Business Overview 9.6.5 Inside Secure Recent Developments 9.7 MasterCard Worldwide 9.7.1 MasterCard Worldwide Basic Information 9.7.2 MasterCard Worldwide Contactless Payment Product Overview 9.7.3 MasterCard Worldwide Contactless Payment Product Market Performance 9.7.4 MasterCard Worldwide Business Overview 9.7.5 MasterCard Worldwide Recent Developments 9.8 Microsoft 9.8.1 Microsoft Basic Information 9.8.2 Microsoft Contactless Payment Product Overview 9.8.3 Microsoft Contactless Payment Product Market Performance 9.8.4 Microsoft Business Overview 9.8.5 Microsoft Recent Developments 9.9 Oberthur Technologies 9.9.1 Oberthur Technologies Basic Information 9.9.2 Oberthur Technologies Contactless Payment Product Overview 9.9.3 Oberthur Technologies Contactless Payment Product Market Performance 9.9.4 Oberthur Technologies Business Overview 9.9.5 Oberthur Technologies Recent Developments 9.10 On Track innovations 9.10.1 On Track innovations Basic Information 9.10.2 On Track innovations Contactless Payment Product Overview 9.10.3 On Track innovations Contactless Payment Product Market Performance 9.10.4 On Track innovations Business Overview 9.10.5 On Track innovations Recent Developments 9.11 Opus Software Solutions 9.11.1 Opus Software Solutions Basic Information 9.11.2 Opus Software Solutions Contactless Payment Product Overview 9.11.3 Opus Software Solutions Contactless Payment Product Market Performance 9.11.4 Opus Software Solutions Business Overview 9.11.5 Opus Software Solutions Recent Developments 9.12 Paypal 9.12.1 Paypal Basic Information 9.12.2 Paypal Contactless Payment Product Overview 9.12.3 Paypal Contactless Payment Product Market Performance 9.12.4 Paypal Business Overview 9.12.5 Paypal Recent Developments 9.13 Proxama 9.13.1 Proxama Basic Information 9.13.2 Proxama Contactless Payment Product Overview 9.13.3 Proxama Contactless Payment Product Market Performance 9.13.4 Proxama Business Overview 9.13.5 Proxama Recent Developments 9.14 Renesas Electronic 9.14.1 Renesas Electronic Basic Information 9.14.2 Renesas Electronic Contactless Payment Product Overview 9.14.3 Renesas Electronic Contactless Payment Product Market Performance 9.14.4 Renesas Electronic Business Overview 9.14.5 Renesas Electronic Recent Developments 9.15 Discover 9.15.1 Discover Basic Information 9.15.2 Discover Contactless Payment Product Overview 9.15.3 Discover Contactless Payment Product Market Performance 9.15.4 Discover Business Overview 9.15.5 Discover Recent Developments 9.16 Verifone Systems 9.16.1 Verifone Systems Basic Information 9.16.2 Verifone Systems Contactless Payment Product Overview 9.16.3 Verifone Systems Contactless Payment Product Market Performance 9.16.4 Verifone Systems Business Overview 9.16.5 Verifone Systems Recent Developments 9.17 Visa 9.17.1 Visa Basic Information 9.17.2 Visa Contactless Payment Product Overview 9.17.3 Visa Contactless Payment Product Market Performance 9.17.4 Visa Business Overview 9.17.5 Visa Recent Developments 9.18 Wirecard 9.18.1 Wirecard Basic Information 9.18.2 Wirecard Contactless Payment Product Overview 9.18.3 Wirecard Contactless Payment Product Market Performance 9.18.4 Wirecard Business Overview 9.18.5 Wirecard Recent Developments 9.19 Apple 9.19.1 Apple Basic Information 9.19.2 Apple Contactless Payment Product Overview 9.19.3 Apple Contactless Payment Product Market Performance 9.19.4 Apple Business Overview 9.19.5 Apple Recent Developments 9.20 Google 9.20.1 Google Basic Information 9.20.2 Google Contactless Payment Product Overview 9.20.3 Google Contactless Payment Product Market Performance 9.20.4 Google Business Overview 9.20.5 Google Recent Developments 9.21 Tencent 9.21.1 Tencent Basic Information 9.21.2 Tencent Contactless Payment Product Overview 9.21.3 Tencent Contactless Payment Product Market Performance 9.21.4 Tencent Business Overview 9.21.5 Tencent Recent Developments 9.22 Alibaba 9.22.1 Alibaba Basic Information 9.22.2 Alibaba Contactless Payment Product Overview 9.22.3 Alibaba Contactless Payment Product Market Performance 9.22.4 Alibaba Business Overview 9.22.5 Alibaba Recent Developments 9.23 UnionPay 9.23.1 UnionPay Basic Information 9.23.2 UnionPay Contactless Payment Product Overview 9.23.3 UnionPay Contactless Payment Product Market Performance 9.23.4 UnionPay Business Overview 9.23.5 UnionPay Recent Developments 9.24 Chase 9.24.1 Chase Basic Information 9.24.2 Chase Contactless Payment Product Overview 9.24.3 Chase Contactless Payment Product Market Performance 9.24.4 Chase Business Overview 9.24.5 Chase Recent Developments 10 Contactless Payment Market Forecast by Region 10.1 Global Contactless Payment Market Size Forecast 10.2 Global Contactless Payment Market Forecast by Region 10.2.1 North America Market Size Forecast by Country 10.2.2 Europe Contactless Payment Market Size Forecast by Country 10.2.3 Asia Pacific Contactless Payment Market Size Forecast by Region 10.2.4 South America Contactless Payment Market Size Forecast by Country 10.2.5 Middle East and Africa Forecasted Sales of Contactless Payment by Country 11 Forecast Market by Type and by Application (2026-2033) 11.1 Global Contactless Payment Market Forecast by Type (2026-2033) 11.2 Global Contactless Payment Market Forecast by Application (2026-2033) 12 Conclusion and Key Findings
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