Contactless Payment Market Size to Reach US$ 18566.235 Billion by 2030

Lakewood , Colorado, 2022-Dec-05 — /EPR Network/ —According to the Regional Research Reports, the Global Contactless Payment Market is anticipated to reach USD 18566.235 billion by 2030 from USD 1280.43 billion in 2021. The global Contactless Payment market is projected to grow at a CAGR of 13.5% from 2022 to 2030. The growth can be attributed to the increasing adoption of digital payment platforms across the globe. Nowadays, customers are focusing on making seamless payments for many of their daily transactions. Moreover, increasing expectations for secure and integrated ways to pay for any service or product are expected to drive market growth. The growing convenience of the low-value payment offered by contactless payment solutions is anticipated to propel market growth. Cardholders are encouraged to use these solutions by advertising campaigns that highlight the convenience and speed of contactless payment.

Global Contactless Payment Market Segmentation

Regional Research Reports has segmented the global Contactless Payment market based on device type, solution, and end user at a regional and global level. Geographically, the research report has considered the five regions: North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Moreover, the research study focuses on the market analysis of the tier-1 countries, such as the USA, China, Germany, India, the UK, Japan, France, Italy, Spain, Russia, South Korea, and other territories.

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Global Contactless Payment Market Analysis by Device Type

  • Smartphones and Wearables
  • Point-of-Sales Terminals
  • Smart Cards

Global Contactless Payment Market Analysis by Solution

  • Payment Terminal Solution
  • Transaction Management
  • Security and Fraud Management
  • Hosted Point-of-Sales

Global Contactless Payment Market Analysis by End User

  • Retail
  • Transportation
  • Healthcare
  • Hospitality
  • Government

Global Contactless Payment Market Growth, by Region and Country, 2018-2021, 2022-2030 (US$ Millions)

Global Contactless Payment Market Analysis by Region and Country

  • North America (US, Canada, Mexico)
  • Europe (Germany, UK, France, Italy, Spain, Russia, Switzerland, Poland, Belgium, the Netherlands, Norway, Sweden, Czech Republic, Slovakia, Slovenia, Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Malaysia, Vietnam, Singapore, Australia & New Zealand, Rest of Asia Pacific)
  • South America (Brazil, Argentina, Peru, Colombia, Rest of South America)
  • The Middle East & Africa (UAE, Saudi Arabia, South Africa, Egypt, Qatar, Northern Africa, Rest of MEA)

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Global Contactless Payment Market Competitive: Key Players

The report includes a comprehensive analysis of leading market players, such as:

  • Key companies Contactless Payment revenues in the global market, 2018-2021 (Estimated), (US$ Millions)
  • Key companies Contactless Payment revenues market share in global market, 2021 (%)
  • Key companies Contactless Payment sold in the global market, 2018-2021 (Estimated)

Leading Contactless Payment Manufacturers –

  • Gemalto N.V.
  • Infineon
  • Idemia
  • Visa Inc.
  • Giesecke & Devrient GmbH
  • Heartland Payment Systems
  • Verifone Systems Inc.
  • Ingenico Group SA
  • On Track Innovations (OTI) Ltd
  • IDEMIA
  • Thales Group
  • Wirecard AG.

(Note: The list of the key market players can be updated with the latest market scenario and trends)

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Contactless Payment Market Report Covers Comprehensive Analysis On:

  • Market Segmentation & Regional Analysis
  • Market Size of 10 years
  • Pricing Analysis
  • Supply & Demand Analysis
  • Device Type Life Cycle Analysis
  • Porter’s Five Forces & Value/Supply Chain Analysis
  • Developed & Emerging Economies Analysis
  • PESTEL Analysis
  • Market and Forecast Factor Analysis
  • Market Opportunities, Risks, & Trends
  • Conclusion & Recommendation
  • Regulatory Landscape
  • Patent Analysis
  • Competition Landscape
  • 15+ Company Profiles

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Contactless Payment Market Research Methodology

The report is based on analysis through extensive secondary research and primary Interviews.

The secondary data sources include the company website, annual reports, investor presentations, press releases, white papers, journals, certified publications, government websites, and articles from the industry.

Similarly following is the list of a few paid secondary sources/databases,

  • Factiva
  • Statista
  • D&B Hoovers
  • Owler
  • Enlyft
  • HG Insights
  • Bloomberg
  • Crunchbase

The primary sources include CXOs, VPs, directors, technology & innovation directors, device type managers, and related executives from key organizations from both the supply and demand sides. Similarly, we have also interviewed various end user organizations. We cannot reveal the end-user organizations due to non-disclosure agreements.

For instance, the region forecast is based on extensive secondary research and primary Interviews. We have conducted primary interviews across the regions to get more region-specific insights. Additionally, primary interviews were conducted with independent consultants and subject matter experts in respective regions. These experts were interviewed to obtain qualitative and quantitative information related to the market and validate the research findings and estimations. The primary and secondary data inputs referred for triangulation and forecast for the region segment are as follows,

  • Top Player’s historic revenues and Year on Year Growth
  • Top Players’ regional presence and revenue patterns
  • Recent Developments and strategies of vendors and end users (E.g., Mergers & Acquisitions, Partnerships, New Device Type launches, and others)
  • R&D Investments & Innovation Landscape
  • Start-up Ecosystem and Funding Initiatives
  • Regulatory Environment and Implications (Country or region Specific)

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