Contactless Payment Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Hardware, Solution, Services); Industry Vertical (BFSI, Retail, IT and Telecom, Transportation, Hospitality, Government, Others) and Geography

Report Code: TIPTE100000406 | No. of Pages: 150 | Category: Technology, Media and Telecommunications | Status: Upcoming

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MARKET INTRODUCTION

The term contactless payment refers to a secure method by which consumers use debit cards, credit cards, smart cards, or other payment devices to purchase products or services through the use of radio frequency identification (RFID) technology and Near Field Communication (NFC). This payment method works by clicking on a payment card or other device near a point of sale terminal equipped with contactless payment technology. Contactless payment is also called tap and go or tap by some banks and retailers.

MARKET DYNAMICS

The retail vertical industry is undergoing major changes. Retailers are modernizing their physical stores to better serve customers and opening online stores to increase revenue. They are adopting innovative technologies such as cloud computing, big data analysis, digital stores and social media to increase their visibility and influence in the market. Retailers are also aware of the benefits of contactless payment, including reducing transaction time, increasing revenue, improving operational efficiency and minimizing operating costs. Mobile payments in retail stores help speed up the transaction process and reduce queues at the counter.

MARKET SCOPE

The "Global Contactless Payment Market Analysis To 2028" is a specialized and in-depth study of the technology, media, and telecommunication industry with a special focus on the global market trend analysis. The contactless payment market report aims to provide an overview of the contactless payment market with detailed market segmentation by component, industry vertical, and geography. The global contactless payment market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading contactless payment market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global contactless payment market is segmented based on component, industry vertical. Based on component, the contactless payment market is segmented into hardware, solution, services. Based on industry vertical, the contactless payment market is segmented into BFSI, retail, IT and telecom, transportation, hospitality, government, others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global contactless payment market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The contactless payment market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the contactless payment market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA, and South& Central America after evaluating political, economic, social and technological factors affecting the contactless payment market in these regions.

MARKET PLAYERS

The reports cover key developments in the contactless payment market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from contactless payment market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the underwriting and rating software market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the underwriting and rating software market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  •   Advanced Card Systems Ltd.
  •   Thales Group
  •   Giesecke+Devrient Mobile Security GmbH
  •   Heartland Payment Systems
  •   Ingenico Group
  •   Mastercard
  •   On Track Innovations LTD.
  •   VeriFone, Inc.
  •   Visa Inc.
  •   Wirecard AG.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Contactless Payment Market - By Component
1.3.2 Contactless Payment Market - By Industry Vertical
1.3.3 Contactless Payment Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. CONTACTLESS PAYMENT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS

5. CONTACTLESS PAYMENT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

6. CONTACTLESS PAYMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. CONTACTLESS PAYMENT - GLOBAL MARKET OVERVIEW
6.2. CONTACTLESS PAYMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. CONTACTLESS PAYMENT MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. HARDWARE
7.3.1. Overview
7.3.2. Hardware Market Forecast and Analysis
7.3.3. POS Market
7.3.3.1. Overview
7.3.3.2. POS Market Forecast and Analysis
7.3.4. Cards Market
7.3.4.1. Overview
7.3.4.2. Cards Market Forecast and Analysis
7.3.5. Others Market
7.3.5.1. Overview
7.3.5.2. Others Market Forecast and Analysis
7.4. SOLUTION
7.4.1. Overview
7.4.2. Solution Market Forecast and Analysis
7.5. SERVICES
7.5.1. Overview
7.5.2. Services Market Forecast and Analysis
8. CONTACTLESS PAYMENT MARKET - REVENUE AND FORECASTS TO 2028 - INDUSTRY VERTICAL
8.1. OVERVIEW
8.2. INDUSTRY VERTICAL MARKET FORECASTS AND ANALYSIS
8.3. BFSI
8.3.1. Overview
8.3.2. BFSI Market Forecast and Analysis
8.4. RETAIL
8.4.1. Overview
8.4.2. Retail Market Forecast and Analysis
8.5. IT AND TELECOM
8.5.1. Overview
8.5.2. IT and Telecom Market Forecast and Analysis
8.6. TRANSPORTATION
8.6.1. Overview
8.6.2. Transportation Market Forecast and Analysis
8.7. HOSPITALITY
8.7.1. Overview
8.7.2. Hospitality Market Forecast and Analysis
8.8. GOVERNMENT
8.8.1. Overview
8.8.2. Government Market Forecast and Analysis
8.9. OTHERS
8.9.1. Overview
8.9.2. Others Market Forecast and Analysis

9. CONTACTLESS PAYMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Contactless Payment Market Overview
9.1.2 North America Contactless Payment Market Forecasts and Analysis
9.1.3 North America Contactless Payment Market Forecasts and Analysis - By Component
9.1.4 North America Contactless Payment Market Forecasts and Analysis - By Industry Vertical
9.1.5 North America Contactless Payment Market Forecasts and Analysis - By Countries
9.1.5.1 United States Contactless Payment Market
9.1.5.1.1 United States Contactless Payment Market by Component
9.1.5.1.2 United States Contactless Payment Market by Industry Vertical
9.1.5.2 Canada Contactless Payment Market
9.1.5.2.1 Canada Contactless Payment Market by Component
9.1.5.2.2 Canada Contactless Payment Market by Industry Vertical
9.1.5.3 Mexico Contactless Payment Market
9.1.5.3.1 Mexico Contactless Payment Market by Component
9.1.5.3.2 Mexico Contactless Payment Market by Industry Vertical
9.2. EUROPE
9.2.1 Europe Contactless Payment Market Overview
9.2.2 Europe Contactless Payment Market Forecasts and Analysis
9.2.3 Europe Contactless Payment Market Forecasts and Analysis - By Component
9.2.4 Europe Contactless Payment Market Forecasts and Analysis - By Industry Vertical
9.2.5 Europe Contactless Payment Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Contactless Payment Market
9.2.5.1.1 Germany Contactless Payment Market by Component
9.2.5.1.2 Germany Contactless Payment Market by Industry Vertical
9.2.5.2 France Contactless Payment Market
9.2.5.2.1 France Contactless Payment Market by Component
9.2.5.2.2 France Contactless Payment Market by Industry Vertical
9.2.5.3 Italy Contactless Payment Market
9.2.5.3.1 Italy Contactless Payment Market by Component
9.2.5.3.2 Italy Contactless Payment Market by Industry Vertical
9.2.5.4 United Kingdom Contactless Payment Market
9.2.5.4.1 United Kingdom Contactless Payment Market by Component
9.2.5.4.2 United Kingdom Contactless Payment Market by Industry Vertical
9.2.5.5 Russia Contactless Payment Market
9.2.5.5.1 Russia Contactless Payment Market by Component
9.2.5.5.2 Russia Contactless Payment Market by Industry Vertical
9.2.5.6 Rest of Europe Contactless Payment Market
9.2.5.6.1 Rest of Europe Contactless Payment Market by Component
9.2.5.6.2 Rest of Europe Contactless Payment Market by Industry Vertical
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Contactless Payment Market Overview
9.3.2 Asia-Pacific Contactless Payment Market Forecasts and Analysis
9.3.3 Asia-Pacific Contactless Payment Market Forecasts and Analysis - By Component
9.3.4 Asia-Pacific Contactless Payment Market Forecasts and Analysis - By Industry Vertical
9.3.5 Asia-Pacific Contactless Payment Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Contactless Payment Market
9.3.5.1.1 Australia Contactless Payment Market by Component
9.3.5.1.2 Australia Contactless Payment Market by Industry Vertical
9.3.5.2 China Contactless Payment Market
9.3.5.2.1 China Contactless Payment Market by Component
9.3.5.2.2 China Contactless Payment Market by Industry Vertical
9.3.5.3 India Contactless Payment Market
9.3.5.3.1 India Contactless Payment Market by Component
9.3.5.3.2 India Contactless Payment Market by Industry Vertical
9.3.5.4 Japan Contactless Payment Market
9.3.5.4.1 Japan Contactless Payment Market by Component
9.3.5.4.2 Japan Contactless Payment Market by Industry Vertical
9.3.5.5 South Korea Contactless Payment Market
9.3.5.5.1 South Korea Contactless Payment Market by Component
9.3.5.5.2 South Korea Contactless Payment Market by Industry Vertical
9.3.5.6 Indonesia Contactless Payment Market
9.3.5.6.1 Indonesia Contactless Payment Market by Component
9.3.5.6.2 Indonesia Contactless Payment Market by Industry Vertical
9.3.5.7 Rest of Asia-Pacific Contactless Payment Market
9.3.5.7.1 Rest of Asia-Pacific Contactless Payment Market by Component
9.3.5.7.2 Rest of Asia-Pacific Contactless Payment Market by Industry Vertical
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Contactless Payment Market Overview
9.4.2 Middle East and Africa Contactless Payment Market Forecasts and Analysis
9.4.3 Middle East and Africa Contactless Payment Market Forecasts and Analysis - By Component
9.4.4 Middle East and Africa Contactless Payment Market Forecasts and Analysis - By Industry Vertical
9.4.5 Middle East and Africa Contactless Payment Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Contactless Payment Market
9.4.5.1.1 South Africa Contactless Payment Market by Component
9.4.5.1.2 South Africa Contactless Payment Market by Industry Vertical
9.4.5.2 Saudi Arabia Contactless Payment Market
9.4.5.2.1 Saudi Arabia Contactless Payment Market by Component
9.4.5.2.2 Saudi Arabia Contactless Payment Market by Industry Vertical
9.4.5.3 U.A.E Contactless Payment Market
9.4.5.3.1 U.A.E Contactless Payment Market by Component
9.4.5.3.2 U.A.E Contactless Payment Market by Industry Vertical
9.4.5.4 Rest of Middle East and Africa Contactless Payment Market
9.4.5.4.1 Rest of Middle East and Africa Contactless Payment Market by Component
9.4.5.4.2 Rest of Middle East and Africa Contactless Payment Market by Industry Vertical
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Contactless Payment Market Overview
9.5.2 South and Central America Contactless Payment Market Forecasts and Analysis
9.5.3 South and Central America Contactless Payment Market Forecasts and Analysis - By Component
9.5.4 South and Central America Contactless Payment Market Forecasts and Analysis - By Industry Vertical
9.5.5 South and Central America Contactless Payment Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Contactless Payment Market
9.5.5.1.1 Brazil Contactless Payment Market by Component
9.5.5.1.2 Brazil Contactless Payment Market by Industry Vertical
9.5.5.2 Argentina Contactless Payment Market
9.5.5.2.1 Argentina Contactless Payment Market by Component
9.5.5.2.2 Argentina Contactless Payment Market by Industry Vertical
9.5.5.3 Rest of South and Central America Contactless Payment Market
9.5.5.3.1 Rest of South and Central America Contactless Payment Market by Component
9.5.5.3.2 Rest of South and Central America Contactless Payment Market by Industry Vertical

10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

11. CONTACTLESS PAYMENT MARKET, KEY COMPANY PROFILES
11.1. ADVANCED CARD SYSTEMS LTD.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. THALES GROUP
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. GIESECKE+DEVRIENT MOBILE SECURITY GMBH
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. HEARTLAND PAYMENT SYSTEMS
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. INGENICO GROUP
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MASTERCARD
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. ON TRACK INNOVATIONS LTD.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. VERIFONE, INC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. VISA INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. WIRECARD AG
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies

1. Advanced Card Systems Ltd.
2. Thales Group
3. Giesecke+Devrient Mobile Security GmbH
4. Heartland Payment Systems
5. Ingenico Group
6. Mastercard
7. On Track Innovations LTD.
8. VeriFone, Inc.
9. Visa Inc.
10. Wirecard AG
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