An international Contactless Payment market research report delivers widespread analysis of the market structure along with the estimations of the various segments and sub-segments of the market. This industry report also contains detailed profiles of market’s major manufacturers and importers who are dominating the market. Furthermore, the statistical and numerical data such as facts and figures are represented very precisely in the market report by using charts, tables, or graphs. The transformation in market landscape is mainly observed due to the moves of key players or brands which include developments, product launches, joint ventures, mergers, and acquisitions that in turn change the view of the global face of the industry.
Contactless payment market is expected to reach USD 24.08 billion by 2028 witnessing market growth at a rate of 11.20% in the forecast period of 2021 to 2028. Data Bridge Market Research report on contactless payment market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Browse Full Report Along With Facts and Figures @ https://www.databridgemarketresearch.com/reports/global-contactless-payment-market
Market Overview:
Contactless Payment is the safe method for payment transactions that debit cards, credit cards, key fobs, smartphones, and many others. Contactless payments are served in places nearby. The embedded technology is used to include the contactless payment mode in the implementation of the integrated circuit chip and antenna. This action itself, without the input of a PIN, will be enough to be able to complete the transaction.
Global Contactless Payment Market Scope and Market Size
Contactless payment market is segmented on the basis of technology, payment mode, component, operational frequency, transaction models and vertical. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Contactless payment market on the basis of technology has been segmented as radio frequency identification, near field communication, and host card emulation.
Based on payment mode, the contactless payment market has been segmented into smartphones, smartcards, and others.
· On the basis of component, the contactless payment market has been segmented into hardware, services, and solutions. Hardware has been further segmented into point of sale, cards, and others. Others have been further sub segmented into wearables, readers, key fobs, and tags. Services have been further segmented into consulting, integration and deployment, support and maintenance. Solutions have been further segmented into data management solution, payment terminal solution, contactless mobile payment solution, device management solution, security and fraud management solution, hosted point of sale solution, transaction management solution, and analytics solution.
· On the basis of operational frequency, the contactless payment market has been segmented into low frequency, high frequency and ultra-high frequency.
· Based on transaction models, the contactless payment market has been segmented into speedpass, E-Z pass, track 1 and track 2 data, EMV card, and offline stored value card.
· Contactless payment has also been segmented on the basis of vertical into banking, financial services and insurance (BFSI), retail, healthcare, hospitality, energy and utilities, transportation and logistics, and other verticals. Other verticals have been further segmented into government, telecommunications, and education.
The major players covered in the contactless payment market report are Thales Group; Infineon Technologies AG; Ingenico.; Wirecard; VeriFone, Inc.; Giesecke+Devrient; IDEMIA; On Track Innovations LTD; Identiv, Inc.; CPI Card Group Inc.; BITEL CO.,LTD.; Setomatic Systems; Valitor.; PAX Global Technology Limited.; MYPINPAD Ltd; Mobeewave; alcineo; Castles Technology; SumUp Inc.; PAYCORE; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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