The analysts at Future Market Insights (FMI) followed a multidisciplinary approach during the pandemic to study the growth and development of the Contactless Payment Market. The report features insights on the current growth dynamics and the major revenue reforms prevailing in the market as along with the key takeaways over the forecast period 2017 to 2027.  

The team of researchers at Future Business Insights are focusing on research and market study to produce different Contactless Payment Market forecasts and predictions at both national and international levels. They have considered several leads of information pertaining to the industry like market figures and merger estimations to assess and produce reliable and informative insights on the Contactless Payment Market.

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Contactless Payment Market: Competition Landscape

The key players in the contactless payment market include

  • ACS (Advanced Card Systems) Ltd.
  • Chip & Pin Solutions Ltd.
  • Mifare Pty Limited
  • Ingenico Inc.
  • Gemalto N.V.
  • Verifone Systems Inc.
  • Heartland Payment Systems Inc.
  • On Track Innovations Ltd.
  • Castles Technology Co. Ltd.
  • Bindo Labs Inc.

Contactless Payment Market: Segmentation

Contactless payment market can be segmented on the basis of type, mode of payment, end user, technology and region. On the basis of type, contactless payment market can be segmented into hardware and software. Hardware can be sub-segmented into smart-cards, point of sale (POS) terminals and smart-card readers.

The software segment can be sub-segmented into smartcard reader drivers, POS software, application programing interface (API), software development kit (SDK) and mobile applications. On the basis of mode of payment, contactless payment market can be segmented into smart card, smart wearable, smartphone and others.

On the basis of end user, contactless payment market can be segmented into Banking, Financial services and Insurance (BFSI), retail, public sector, transportation and logistics, hospitality, and others.

On the basis of technology, contactless payment market can be segmented into infrared based, Bluetooth based, NFC based and RFID based. On the basis of region, contactless payment can be segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa.

Queries Solved

  • What is the size of the overall Contactless Payment Market in the Technology Market and its segments?
  • What are the key segments and sub-segments in the market?
  • What are the key drivers, restraints, opportunities, and challenges of the Contactless Payment Market in the Technology Market, and how they are expected to impact the market?
  • What are the attractive investment opportunities within the Contactless Payment Market in the Technology Market?
  • What is the Contactless Payment Market in the Technology Market size at the regional and country-level?
  • What are the key market players focusing on?
  • What are the strategies for growth adopted by the key players in Contactless Payment Market in the Technology Market?
  • What are the recent trends in Contactless Payment Market in the Technology Market? (M&A, partnerships, new product developments, expansions)?
  • What are the challenges to the Contactless Payment Market in the growth of the Technology Market?
  • What are the key market trends impacting the growth of the Contactless Payment Market in the Technology Market?

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Market Background                             

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