New Jersey, United States, Dec 08, 2022 /DigitalJournal/ Contactless payment technology enables payment transactions through a contactless chip embedded in payment cards, tags, key fobs and cell phones. The chip communicates with a reader using radio frequency or Near Field Communication (NFC) standards. The growth is attributed to increasing global adoption of digital payment platforms designed to enable faster customer payments. Contactless payments include smart hardware, innovative software and smart services that enhance traditional payment systems and introduce smart transactions. In addition, card issuers worldwide are increasingly implementing contactless mechanisms for payment cards, thus contributing to the growth of the market.
The global Contactless Payments Market is expected to grow at a Robust CAGR of 20% during the forecasting period of 2022 to 2029.
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Some of the Top companies Influencing this Market include:
Heartland Payment Systems, On Track Innovations, Verifone Systems, Wirecard, Inside Secure, Proxama, Ingenico Group, Giesecke & Devrient, Oberthur Technologies, Gemalto,
Various factors are responsible for the market’s growth trajectory, which are studied at length in the report. In addition, the report lists down the restraints that are posing threat to the global Contactless Payments market. This report consolidates primary and secondary research, which provides market size, share, dynamics, and forecast for various segments and sub-segments considering the macro and micro environmental factors. It also gauges the bargaining power of suppliers and buyers, threat from new entrants and product substitute, and the degree of competition prevailing in the market.
Global Contactless Payments market segmentation:
The market is segmented based on the type, product, end users, raw materials, etc. the segmentation helps to deliver a precise explanation of the market
Market Segmentation: By Type
Payment Terminal Solution
Transaction Management
Security and Fraud Management
Hosted Point-of-sale
Analytics
Market Segmentation: By Application
BFSI
Retail
IT & Telecom
Transportation
Hospitality
Government
Others
Global Contactless Payments Market research report offers:
- Market definition of the global Contactless Payments market along with the analysis of different influencing factors like drivers, restraints, and opportunities.
- Extensive research on the competitive landscape of global Contactless Payments
- Identification and analysis of micro and macro factors that are and will effect on the growth of the market.
- A comprehensive list of key market players operating in the global Contactless Payments market.
- Analysis of the different market segments such as type, size, applications, and end-users.
- It offers a descriptive analysis of demand-supply chaining in the global Contactless Payments market.
- Statistical analysis of some significant economics facts
- Figures, charts, graphs, pictures to describe the market clearly.
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Regions Covered in Global Contactless Payments Market Report 2022:
Middle East & Africa (GCC countries & Egypt)
North America (United States, Mexico & Canada)
South America (Brazil, etc.)
Europe (Turkey, Germany, Russia, UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia)
The cost analysis of the Global Contactless Payments Market has been performed considering manufacturing expenses, labor cost and raw materials along with their market concentration rate, suppliers and the price trend. It also assesses the bargaining power of suppliers and buyers, the threat of new entrants and product substitutes, and the degree of competition prevailing in the market. Other factors such as supply chain, downstream buyers, and sourcing strategy have been assessed to provide a comprehensive and in-depth view of the market.
The report answers questions such as:
- What is the market size and forecast of the global Contactless Payments market?
2. What are the inhibiting factors and impact of COVID-19 on the global Contactless Payments market during the forecast period?
3. What are the products/segments/applications/areas to invest in during the forecast period in the global Contactless Payments market?
4. What is the competitive strategic window for opportunities in the global Contactless Payments market?
5. What are the technological trends and regulatory frameworks in the global Contactless Payments market?
6. What is the market share of the major vendors in the global Contactless Payments market?
7. What modes and strategic moves are considered appropriate for entering the global Contactless Payments market?
Contents
Global Contactless Payments Market Research Report 2022-2029
Chapter 1 Contactless Payments Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Contactless Payments Market Forecast
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COMTEX_420422863/2769/2022-12-08T08:29:42