Contactless Payment Market Worth 17.56 Billion USD by 2021

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MarketsandMarkets Presents
  Contactless Payment Market Worth 17.56 Billion
USD by 2021 http//www.marketsandmarkets.com/Mar
ket-Reports/contactless-payments-market-1313.html

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According to a new market research report
"Contactless Payment Market by Solution (Payment
Terminal, Mobile Payment, Transaction Data
Management, Security and Fraud Management),
Service (Professional, Managed), Payment Mode
(Mobile Handsets, Smart Cards), Vertical - Global
Forecast to 2021", published by
MarketsandMarkets, the market size is expected to
grow from USD 6.70 Billion in 2016 to USD 17.56
Billion by 2021, at a Compound Annual Growth Rate
(CAGR) of 21.2 during the forecast period.
Browsegtgt 69 Data Tables 48
Figures 153 Pages and in-depth TOC on
Contactless Payment Market http//www.marketsa
ndmarkets.com/Market-Reports/contactless-payments-
market-1313.html Early buyers will receive 10
customization on this report.
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Multi-channel payment and value-added services
segment is expected to be the most promising
segments during the forecast period The
Contactless Payment Market has been segmented
into solutions, services, payment mode, and
verticals. Mobile handsets as payment mode and
healthcare segments are projected to grow at a
high growth rate hence, will present good market
opportunities during the forecast period.
Multi-channel payment and value-added services
hold a major share in the contactless payment
services segment. The increasing integration of
contactless payment technologies in different
industries is considered as the primary driver
influencing the growth of the contactless payment
services market. Mobile handsets payment mode is
expected to be the most promising segments during
the forecast period Contactless smart cards
command the major share in the contactless
payment modes. However, mobile handsets are fast
picking up as the most preferred mode of payment
in the developing countries of the world as these
are more secure and convenient for the customers
to make their payments. http//www.marketsandmark
ets.com/Market-Reports/contactless-payments-market
-1313.html

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Geography Europe is expected to hold the largest
market share and dominate the Contactless Payment
Market in 2016 due to technological advancement
and increasing contactless smart card roll-outs
in this region. From 2016 to 2021, APAC is
estimated to grow at the highest rate during this
forecast period and is becoming a new hotspot for
contactless payment vendors as a revenue
generating region. Furthermore, North America is
expected to be another revenue generating market,
with solution market as the leading revenue
generating segment. This growth is driven by
increasing adoption of cloud-based contactless
technology solutions in the region. Key
players The major vendors covered in the
Contactless Payment Market for the study include
Gemalto N.V., Giesecke Devrient GmbH, Ingenico
Group, VeriFone Systems Inc., Wirecard AG,
Heartland Payment Systems Inc., INSIDE Secure,
OTI, Oberthur Technologies SA, and Proxama PLC.
http//www.marketsandmarkets.com/Market-Reports/
contactless-payments-market-1313.html
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ntactless-payments-market-1313.html
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