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Press Release / Technology / Contactless Payment Transaction Market Growth Forecast and Demand Analysis 2016-2024

Contactless Payment Transaction Market Growth Forecast and Demand Analysis 2016-2024

By Steveblade on November 02 2017 | 73 Views

High security to keep customer’s data protected and convenience to use it are contributing in the rapid adoption of contactless payment transaction method across the globe.”

High security to keep customer’s data protected and convenience to use it are contributing in the rapid adoption of contactless payment transaction method across the globe.” Contactless payment transaction market is segmented on the basis of payment mode and by end-user. Payment mode is further bifurcated into wearable devices, contactless smart cards and contactless mobile payments. Contactless smart cards held the largest share of the global contactless payment transaction market in terms of both revenue and volume in 2015. Europe Contactless payment transaction market is anticipated grow at a healthy CAGR of 39.0% during the forecast period. Huge technological advancement and rising number of contactless smart card roll-outs in countries such as Sweden, Poland, Spain, Germany, France and Italy are likely to contribute the expansion of contactless payment transaction market in the region. Implementation of innovative technologies such as wearable devices (smart watch) and mobile wallets are providing digitalized services and are expected to grow at a faster rate during the forecast period. Mounting demand by consumers for online and mobile phone payments is accelerating the adoption of contactless payment transaction method. Leading manufacturers of smartphones are also developing their handsets supporting near field communication (NFC) technology to enhance contactless payment transaction with innovative technologies.
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Market Segmentation
Global contactless payment transaction market is segmented on the following basis:
• Based on Payment Mode
Wearable Devices
Contactless Smart Card (Radio-frequency Identification/Near Field Communication Technology)
Contactless Mobile Payment
• Based on End-User
Government
Banking & Finance
IT & Telecommunication
Transportation & Logistics
Energy & Utilities
Healthcare
Retail
Hospitality
• Based on Country
North America (U.S. & Canada)
Latin America (Brazil, Mexico & Rest of Latin America)
Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE)
Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia)
Middle East & Africa (GCC, South Africa, North Africa, RoMEA)
Rest of World
“Global Contactless Payment Transaction Market 2024” contains detailed overview of the global contactless payment transaction market in terms of market segmentation by payment mode and by end-user.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Global contactless payment transaction market also provides competitive outlook of some of the major players of the global contactless payment transaction market which includes profiling of companies such as Apple Inc., Barclays, Gemalto N.V, Samsung Electronics, Giesecke & Devrient GmbH, Heartland Payment Systems, Ingenico Group, Inside Secure, On Track Innovations LTD, Verifone Systems, Oberthur Technologies SA, Proxama PLC and Wirecard AG. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global contactless payment transaction market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
About Goldstein Research
Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.
Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Backed up by reliable research and impactful statistics, our business solutions empower our clients to grow at a fast pace despite unsettling fluctuations in the market. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.
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sales@goldsteinresearch.com
www.goldsteinresearch.com



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