Contactless Payment Market , by Device Type (NFC Chips, Mobile Handsets, Smart Cards, Point of Sale Terminals, Others), by Industry Verticals (Government, Transportation, Retail, IT & Telecom, Hospitality, BFSI, Others), Regional Analysis (North America, Europe, Asia Pacific, LAMEA): Global Opportunity Analysis and Industry Forecast, 2019–2026
- RES4072120
- 125 Pages
- April 2020
- BFSI
Contactless payment is a secure transaction for a buyer to purchase products by using NFC (near-field communication) or RFID (radio-frequency identification) technology. Contactless payment is a convenient and easy alternative to cash payment in which the client can make payments utilizing chip cards like credit or debit ones. The dramatically rising digitalization and consumer preference for innovative transactions are one of the key factors for the growth of the global contactless payment market. Furthermore, this technology also offers key advantages like cryptography security features, virtual card provisioning, remote deactivation, and biometric authentication. These key elements are expected to boost the demand for the contactless payment market, woldwide, over the projected period.
The risk of lost contactless/chip cards can be higher. Moreover, the higher cost associated with the deployment of contactless payment technologies can restrain the growth of the global market.
The massive evolution of the digital economy is one of the significant areas that is expected to register a remarkable revenue in the global contactless payment market. The growing demand for digital platforms of the economy is mainly because of its capability to collect, use and analyze high amounts of machine-readable information. Also, the significant rise of internet shopping coupled with the enormous rise of Apple Pay, GooglePay, contactless debit/credit cards, and smartwatches may generate massive opportunities for the contactless payment market growth.
On the basis of device type, the contactless payment market is broadly categorized into NFC Chips, Mobile Handsets, Smart Cards, Point of Sale Terminals, and Others. The mobile handsets segment for the contactless payment market will have the highest market share and it is projected to cross $5,288.5 million by 2026, rising from $2,175.0 million in 2018.
On the basis of industry verticals, the contactless payment market is fragmented into government, transportation, retail, IT & telecom, hospitality, BFSI (banking, financial services, and insurance), and others. The BFSI segment shall have a significant market share and it is expected to reach upto $3,376.5 million, during the projected period. The retail segment will have a major market share in the market and it is anticipated to surpass $4,088.4 million, over the forecast period.
contactless payment market for Europe registered a revenue of $2,610.0 million in 2018 and it is expected to rise at a significant CAGR of 11.7%, registering revenue of $6,305.5 million, over the forecast period. The contactless payment market for North America had a dominating market share and it has generated a revenue of $3,045.5 million in 2018 and it is expected to reach upto $6,712.3 million.
Significant contactless payment market players include Ingenico Group., Infineon Technologies AG., VERIMATRIX, C.Bitel., VeriFone, Inc., SumUp Inc., Paycor, Inc, Castles Technology, On Track Innovations LTD., and Alcineo.
1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters
1.4.1.Assumptions
1.4.2.Forecast parameters
1.5.Data sources
1.5.1.Primary
1.5.2.Secondary
2.Executive Summary
2.1.360° summary
2.2.By Device Type Trends
2.3.By Industry VerticalTrends
3.Market overview
3.1.Market segmentation & definitions
3.2.Key takeaways
3.2.1.Top investment pockets
3.2.2.Top winning strategies
3.3.Porter’s five forces analysis
3.3.1.Bargaining power of consumers
3.3.2.Bargaining power of suppliers
3.3.3.Threat of new entrants
3.3.4.Threat of substitutes
3.3.5.Competitive rivalry in the market
3.4.Market dynamics
3.4.1.Drivers
3.4.2.Restraints
3.4.3.Opportunities
3.5.Technology landscape
3.6.Regulatory landscape
3.7.Patent landscape
3.8.Market value chain analysis
3.9.Strategic overview
4.Contactless Payment Market, by Device Type
4.1.NFC Chips
4.1.1.Market size and forecast, by region, 2018-2026
4.1.2.Comparative market share analysis, 2018 & 2026
4.2.Mobile Handsets
4.2.1.Market size and forecast, by region, 2018-2026
4.2.2.Comparative market share analysis, 2018 & 2026
4.3.Smart Cards
4.3.1.Market size and forecast, by region, 2018-2026
4.3.2.Comparative market share analysis, 2018 & 2026
4.4.Point of Sale Terminals
4.4.1.Market size and forecast, by region, 2018-2026
4.4.2.Comparative market share analysis, 2018 & 2026
4.5.Others
4.5.1.Market size and forecast, by region, 2018-2026
4.5.2.Comparative market share analysis, 2018 & 2026
5.Contactless Payment Market, by Industry Vertical
5.1.Government
5.1.1.Market size and forecast, by region, 2018-2026
5.1.2.Comparative market share analysis, 2018 & 2026
5.2.Transportation
5.2.1.Market size and forecast, by region, 2018-2026
5.2.2.Comparative market share analysis, 2018 & 2026
5.3.Retail
5.3.1.Market size and forecast, by region, 2018-2026
5.3.2.Comparative market share analysis, 2018 & 2026
5.4.InfrastructureIT & Telecom
5.4.1.Market size and forecast, by region, 2018-2026
5.4.2.Comparative market share analysis, 2018 & 2026
5.5.Hospitality
5.5.1.Market size and forecast, by region, 2018-2026
5.5.2.Comparative market share analysis, 2018 & 2026
5.6.BFSI
5.6.1.Market size and forecast, by region, 2018-2026
5.6.2.Comparative market share analysis, 2018 & 2026
5.7.Others
5.7.1.Market size and forecast, by region, 2018-2026
5.7.2.Comparative market share analysis, 2018 & 2026
6.Contactless Payment Market, by region
6.1.North America
6.1.1.Market size and forecast, by device type, 2018-2026
6.1.2.Market size and forecast, by industry vertical, 2018-2026
6.1.3.Market size and forecast, by country, 2018-2026
6.1.4.Comparative market share analysis, 2018 & 2026
6.1.5.U.S.
6.1.5.1.Market size and forecast, by device type, 2018-2026
6.1.5.2.Market size and forecast, by industry vertical, 2018-2026
6.1.5.3.Comparative market share analysis, 2018 & 2026
6.1.6.Canada
6.1.6.1.Market size and forecast, by device type, 2018-2026
6.1.6.2.Market size and forecast, by industry vertical, 2018-2026
6.1.6.3.Comparative market share analysis, 2018 & 2026
6.1.7.Mexico
6.1.7.1.Market size and forecast, by device type, 2018-2026
6.1.7.2.Market size and forecast, by industry vertical, 2018-2026
6.1.7.3.Comparative market share analysis, 2018 & 2026
6.2.Europe
6.2.1.Market size and forecast, by device type, 2018-2026
6.2.2.Market size and forecast, by industry vertical, 2018-2026
6.2.3.Market size and forecast, by country, 2018-2026
6.2.4.Comparative market share analysis, 2018 & 2026
6.2.5.Germany
6.2.5.1.Market size and forecast, by device type, 2018-2026
6.2.5.2.Market size and forecast, by industry vertical, 2018-2026
6.2.5.3.Comparative market share analysis, 2018 & 2026
6.2.6.UK
6.2.6.1.Market size and forecast, by device type, 2018-2026
6.2.6.2.Market size and forecast, by industry vertical, 2018-2026
6.2.6.3.Comparative market share analysis, 2018 & 2026
6.2.7.France
6.2.7.1.Market size and forecast, by device type, 2018-2026
6.2.7.2.Market size and forecast, by industry vertical, 2018-2026
6.2.7.3.Comparative market share analysis, 2018 & 2026
6.2.8.Spain
6.2.8.1.Market size and forecast, by device type, 2018-2026
6.2.8.2.Market size and forecast, by industry vertical, 2018-2026
6.2.8.3.Comparative market share analysis, 2018 & 2026
6.2.9.Italy
6.2.9.1.Market size and forecast, by device type, 2018-2026
6.2.9.2.Market size and forecast, by industry vertical, 2018-2026
6.2.9.3.Comparative market share analysis, 2018 & 2026
6.2.10.Rest of Europe
6.2.10.1.Market size and forecast, by device type, 2018-2026
6.2.10.2.Market size and forecast, by industry vertical, 2018-2026
6.2.10.3.Comparative market share analysis, 2018 & 2026
6.3.Asia Pacific
6.3.1.Market size and forecast, by device type, 2018-2026
6.3.2.Market size and forecast, by industry vertical, 2018-2026
6.3.3.Market size and forecast, by country, 2018-2026
6.3.4.Comparative market share analysis, 2018 & 2026
6.3.5.China
6.3.5.1.Market size and forecast, by device type, 2018-2026
6.3.5.2.Market size and forecast, by industry vertical, 2018-2026
6.3.5.3.Comparative market share analysis, 2018 & 2026
6.3.6.India
6.3.6.1.Market size and forecast, by device type, 2018-2026
6.3.6.2.Market size and forecast, by industry vertical, 2018-2026
6.3.6.3.Comparative market share analysis, 2018 & 2026
6.3.7.Australia
6.3.7.1.Market size and forecast, by device type, 2018-2026
6.3.7.2.Market size and forecast, by industry vertical, 2018-2026
6.3.7.3.Comparative market share analysis, 2018 & 2026
6.3.8.Rest of Asia Pacific
6.3.8.1.Market size and forecast, by device type, 2018-2026
6.3.8.2.Market size and forecast, by industry vertical, 2018-2026
6.3.8.3.Comparative market share analysis, 2018 & 2026
6.4.LAMEA
6.4.1.Market size and forecast, by device type, 2018-2026
6.4.2.Market size and forecast, by industry vertical, 2018-2026
6.4.3.Market size and forecast, by country, 2018-2026
6.4.4.Comparative market share analysis, 2018 & 2026
6.4.5.Latin America
6.4.5.1.Market size and forecast, by device type, 2018-2026
6.4.5.2.Market size and forecast, by industry vertical, 2018-2026
6.4.5.3.Comparative market share analysis, 2018 & 2026
6.4.6.Middle East
6.4.6.1.Market size and forecast, by device type, 2018-2026
6.4.6.2.Market size and forecast, by industry vertical, 2018-2026
6.4.6.3.Comparative market share analysis, 2018 & 2026
6.4.7.Africa
6.4.7.1.Market size and forecast, by device type, 2018-2026
6.4.7.2.Market size and forecast, by industry vertical, 2018-2026
6.4.7.3.Comparative market share analysis, 2018 & 2026
7.Company profiles
7.1.Ingenico Group.
7.1.1.Business overview
7.1.2.Financial performance
7.1.3.Product portfolio
7.1.4.Recent strategic moves & developments
7.1.5.SWOT analysis
7.2.VERIMATRIX
7.2.1.Business overview
7.2.2.Financial performance
7.2.3.Product portfolio
7.2.4.Recent strategic moves & developments
7.2.5.SWOT analysis
7.3.VeriFone, Inc.
7.3.1.Business overview
7.3.2.Financial performance
7.3.3.Product portfolio
7.3.4.Recent strategic moves & developments
7.3.5.SWOT analysis
7.4.Paycor, Inc
7.4.1.Business overview
7.4.2.Financial performance
7.4.3.Product portfolio
7.4.4.Recent strategic moves & developments
7.4.5.SWOT analysis
7.5.On Track Innovations LTD.
7.5.1.Business overview
7.5.2.Financial performance
7.5.3.Product portfolio
7.5.4.Recent strategic moves & developments
7.5.5.SWOT analysis
7.6.Castles Technology
7.6.1.Business overview
7.6.2.Financial performance
7.6.3.Product portfolio
7.6.4.Recent strategic moves & developments
7.6.5.SWOT analysis
7.7.SumUp Inc.
7.7.1.Business overview
7.7.2.Financial performance
7.7.3.Product portfolio
7.7.4.Recent strategic moves & developments
7.7.5.SWOT analysis
7.8.Alcineo
7.8.1.Business overview
7.8.2.Financial performance
7.8.3.Product portfolio
7.8.4.Recent strategic moves & developments
7.8.5.SWOT analysis
7.9.C.Bitel.
7.9.1.Business overview
7.9.2.Financial performance
7.9.3.Product portfolio
7.9.4.Recent strategic moves & developments
7.9.5.SWOT analysis
7.10.Infineon Technologies AG
7.10.1.Business overview
7.10.2.Financial performance
7.10.3.Product portfolio
7.10.4.Recent strategic moves & developments
7.10.5.SWOT analysis
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