Contactless Payments Market Share, Size and Forecast By 2023

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Contactless Payments Market
GLOBAL OPPORTUNITY ANALYSIS AND INDUSTRY
FORECAST 2017- 2023
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CURRENT AND FUTURE MARKET SCENARIO

• The global contactless payments market size was
  valued at 6,734 million in 2016, and is expected
  to reach at 27.23 billion by 2023.
• The global smart stadium market registering a
  CAGR of 20.8 from 2017 to 2023.
• The report presents information related to key
  drivers, restraints, and opportunities along with
  detailed impact analyses.
• The current market is quantitatively analyzed
  from 2016 to 2023 to highlight the financial
  competency of the industry.
• Porters five forces analysis illustrates the
  potency of buyers suppliers in the global
  contactless payments industry.

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FACTORS CONTRIBUTING TO MARKET GROWTH
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• Integration of contactless cards with existing
  cards
• Increased smartphone penetration
• Advantages of contactless payments
• Consumers as well as enterprises have
  increasingly adopted number of ways for
  convenient and secure payments. One of such
  medium is a contactless system that has
  revolutionized the retail and transportation
  industries in the past few years.
• The global contactless payments market is driven
  by convenience in processing low-value payments,
  increased revenue opportunities, and reduced
  transaction time. However, high costs involved
  for the deployment of EPOS terminals and lack of
  trust and security concerns hamper the market
  growth.

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Contactless Payments Market Segmentation

• BY Device Type
• Mobile Handsets
• Point of Sale Terminals
• NFC Chips
• Smart Cards
• Others

• By Industry Vertical
• BFSI
• Retail
• IT Telecom
• Transportation
• Hospitality
• Government
• Others

The global contactless payments market was led by
the mobile devices segment in 2016, and is
expected to continue this trend during the
forecast period. However, the smart cards segment
is expected to witness the highest growth, owing
to rise in adoption of these cards due to
advantages such as convenience and speed. In
2016, the global market was dominated by the BFSI
industry, and is expected to continue this trend
during the forecast period. However, the others
segment is expected to witness the highest
growth, owing to increase in installation of
contactless readers in the premises of hospitals
for convenience of both patients and doctors.
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GEOGRAPHICAL OVERVIEW

• Based on region, it is analyzed across North
  America, Europe, Asia-Pacific, and LAMEA.
• Europe dominated the global market in 2016, and
  is expected to continue this trend during the
  forecast period, owing to the growing adoption of
  contactless smart cards.
• Asia-Pacific is expected to grow at the highest
  CAGR during the forecast period.

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LEADING MARKET PLAYERS

• Ingenico Group
• Verifone Systems, Inc.
• Inside Secure
• on Track Innovations
• Oberthur Technologies SA
• Proxama, PLC.
• Wirecard AG
• Giesecke Devrient GmbH
• Gemalto N.V.
• Heartland Payment Systems, Inc

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• A Report Titled Contactless Payments Market-
  Global Opportunities And Forecasts, 2017 2023
  Has Been Recently Published By Allied Market
  Research. It Makes An In-depth Analysis Of
  Current Trends, Drivers, And Restraining Factors
  That Affect Financial Ratios Relevant To The
  Industry. Company Profiles For Key Vendors In
  Business Builds A Comprehensive Picture Of
  Profitable Opportunities From Stakeholders
  Perspective.
• To Know More About Contactless Payments Market-
  Opportunities and Forecasts, 2017 2023
  https//www.alliedmarketresearch.com/contactless-p
  ayments-market
• Download Sample Report- https//www.alliedmarketre
  search.com/request-sample/2513
• Follow Allied Market Research

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