HOME Top Market Reports Contactless Payments Market [by Solutions (Payment Terminal, Business Management, Card Issuance, Anti-Skimming), by Services (Consultation, Integration, Value Added Services)] - Global Advancements, Market Forecasts and Analysis (2013 - 2018)

Contactless Payments Market [by Solutions (Payment Terminal, Business Management, Card Issuance, Anti-Skimming), by Services (Consultation, Integration, Value Added Services)] - Global Advancements, Market Forecasts and Analysis (2013 - 2018)

By: marketsandmarkets.com
Publishing Date: January 2014
Report Code: TC 2198

 

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With the development of cashless society, the introduction of contactless payment technology is an essential part for both consumers and retailers. The mass adoption of contactless payments by various sectors is mainly to have an increased control over consumers and to bring convenience to both merchants and customers. The leading financial institutions are issuing millions of contactless credit and debit cards to consumers and various top merchants in the market are installing contactless readers that accept the payments and are easily integrated with point-of- sale (POS) systems. Along with big merchants even small and medium sized merchants are being supported by acquirers and ISOs so that they can readily accept contactless payments.

The world's leading smartphone manufacturers are either including or are expected to include NFC support in their upcoming handset upgrades, which will enhance the technology adoption lifecycle. Whether it is a standard contactless travel card, or EMV contactless card, or a NFC mobile phone, the main motive is to provide quick and efficient payment solutions. Major vendors in this market include Gemalto, Giesecke & Devrient, Ingenico, INSIDE Secure, Morpho, Oberthur Technologies, Thales, VeriFone, Visa, Inc., MasterCard Worldwide. The report analyzes global adoption trends, evolving platforms and forces in this rapidly emerging market. The report also identifies key market players, growth inhibitors and global competitive landscape.

The research is a comprehensive study of the global contactless Payments market solutions. The report forecasts the revenues and trends in the following sub-markets:

On the basis of Payment Modes:

  • Mobile Handsets
  • Contactless Smart Cards
  • Others

On the basis of Solutions:

  • Payment Terminal Solutions
  • Business Management Solutions
  • Card Issuance Solutions
  • Anti-Skimming Solutions

On the basis of Services:

  • Consultation Services
  • Integration Services
  • Value Added Services

On the basis of Verticals:

  • Banking, Financial Services and Insurance (BFSI)
  • Consumer goods and Retail
  • Healthcare
  • Government & Public Sector
  • Telecom and IT
  • Transport and Logistics
  • Others

On the basis of Regions:

  • North America (NA)
  • Europe
  • Middle East and Africa (MEA)
  • Asia Pacific (APAC)
  • Latin America (LA)

Customization Options:
With Market data, you can also customize MarketsandMarkets assessments that meet your company’s specific needs. Customize to get comprehensive industry standard and deep dive analysis of the following parameters:

  • US and Canada mobile handsets shipment and forecast
  • US and Canada POS terminal shipment and forecast
  • Country specific contactless payments, market size, and forecast by solutions
  • Country specific contactless payments, market size, and forecast by services
  • Contactless payments solutions, market size by industry verticals
  • Contactless payments services, market size by industry verticals

Table of Contents
 
1 Introduction (Page No. - 21)
    1.1 Key Take-Aways
    1.2 Report Description
    1.3 Markets Covered
    1.4 Stakeholders
    1.5 Research Methodology
          1.5.1 Key Data
          1.5.2 Data Triangulation and Market Forecasting
    1.6 Forecast Assumptions

2 Executive Summary (Page No. - 28)
    2.1 Abstract
    2.2 Overall Market Size

3 Market Overview (Page No. - 31)
    3.1 Market Definition
    3.2 Market Evolution
    3.3 Market Segmentation
    3.4 Market Dynamics
          3.4.1 Drivers
                  3.4.1.1 Reduction in Queuing Time
                  3.4.1.2 Increased Convenience Making Low-Value Payments
                  3.4.1.3 Integration With Existing Cards
                  3.4.1.4 Increased Average Transaction Value
                  3.4.1.5 Better Customer Insight
                  3.4.1.6 Improved Service Delivery
                  3.4.1.7 Increased Revenue Opportunity
          3.4.2 Restraints
                  3.4.2.1 High Cost Involved in Deploying Epos Terminals
                  3.4.2.2 Security Issues Related to Contactless Technology
                  3.4.2.3 Concerns If NFC-Enabled Devices Are Stolen
                  3.4.2.4 Problems in Getting Consumers on-Board
          3.4.3 Opportunities
                  3.4.3.1 Growing Interest for Capacity Subscriber Identification Module(Sim)
                  3.4.3.2 Contactless Interface Fueled Adoption
                  3.4.3.3 Multi-Application Support By NFC
          3.4.4 Impact Analysis of Dros
    3.5 Value Chain
    3.6 Shipment forecast of NFC-Enabled Devices
          3.6.1 Introduction
          3.6.2 Mobile Handsets
                  3.6.2.1 Overview
                  3.6.2.2 Shipment and Forecast By Regions
          3.6.3 Point-of-Sale (POS) Terminals
                  3.6.3.1 Overview
                  3.6.3.2 Shipment and Forecast By Regions
          3.6.4 NFC Chips
                  3.6.4.1 Overview
                  3.6.4.2 Shipment and Forecast By Regions
    3.7 Shipment Forecast of Smart Cards and Contactless Smart Cards
          3.7.1 Introduction
          3.7.2 Smart Cards
                  3.7.2.1 Overview
                  3.7.2.2 Shipment and Forecast
          3.7.3 Contactless Smart Cards
                  3.7.3.1 Overview
                  3.7.3.2 Shipment and Forecast By Regions
    3.8 Contactless Payments Standards and Regulations
          3.8.1 Introduction
          3.8.2 Iso 14443
          3.8.3 Iso 15693

4 Contactless Payments, Transactions and Forecast By Payment Modes (Page No. - 53)
    4.1 Introduction
    4.2 Mobile Handsets
          4.2.1 Overview
          4.2.2 Transaction Value and Forecast
          4.2.3 Number of Transactions and Forecast
    4.3 Contactless Smart Cards
          4.3.1 Overview
          4.3.2 Transaction Value and Forecast
          4.3.3 Number of Transactions and Forecast

5 Contactless Payments, Market Size and Forecast By Solutions (Page No. - 60)
    5.1 Introduction
          5.1.1 Payment Terminal Solutions
                  5.1.1.1 Introduction
                  5.1.1.2 Market Size and Forecast By Regions
          5.1.2 Business Management Solutions
                  5.1.2.1 Introduction
                  5.1.2.2 Market Size and Forecast By Regions
          5.1.3 Card Issuance Solutions
                  5.1.3.1 Introduction
                  5.1.3.2 Market Size and Forecast By Regions
          5.1.4 Anti-Skimming Solutions
                  5.1.4.1 Introduction
                  5.1.4.2 Market Size and Forecast By Regions

6 Contactless Payments, Market Size and Forecast By Services (Page No. - 74)
    6.1 Introduction
    6.2 Consulting Services
          6.2.1 Overview
          6.2.2 Market Size and Forecast By Regions
          6.2.3 Market Size and Forecast By Verticals
    6.3 Integration Services
          6.3.1 Overview
          6.3.2 Market Size and Forecast By Region
          6.3.3 Market Size and Forecast By Verticals
    6.4 Value-Added Services
          6.4.1 Overview
          6.4.2 Market Size and Forecast By Regions
          6.4.3 Market Size and Forecast By Verticals

7 Contactless Payments, Market Size and Forecast By Verticals (Page No. - 89)
    7.1 Introduction
    7.2 Banking, Financial Services, and Insurance (BFSI)
          7.2.1 Overview
          7.2.2 Market Size and Forecast
    7.3 Consumer Goods and Retail
          7.3.1 Overview
          7.3.2 Market Size and Forecast
    7.4 Healthcare
          7.4.1 Overview
          7.4.2 Market Size and Forecast
    7.5 Government and Public Sector
          7.5.1 Overview
          7.5.2 Market Size and Forecast
    7.6 Telecom and IT
          7.6.1 Overview
          7.6.2 Market Size and Forecast
    7.7 Transport and Logistics
          7.7.1 Overview
          7.7.2 Market Size and Forecast
    7.8 Others
          7.8.1 Overview
          7.8.2 Market Size and Forecast

8 Contactless Payments, Market Size and Forecast By Regions (Page No. - 113)
    8.1 Introduction
    8.2 Parfait Chart
    8.3 North America (NA)
          8.3.1 Overview
          8.3.2 Market Size and Forecast By Solutions
          8.3.3 Market Size and Forecast By Services
    8.4 Asia Pacific (APAC)
          8.4.1 Overview
          8.4.2 Market Size and Forecast By Solutions
          8.4.3 Market Size and Forecast By Services
    8.5 Europe (EU)
          8.5.1 Overview
          8.5.2 Market Size and Forecast By Solutions
          8.5.3 Market Size and Forecast By Services
    8.6 Middle East and Africa (MEA)
          8.6.1 Overview
          8.6.2 Market Size and Forecast By Solutions
          8.6.3 Market Size and Forecast By Services
    8.7 Latin America (LA)
          8.7.1 Overview
          8.7.2 Market Size and Forecast By Solutions
          8.7.3 Market Size and Forecast By Services

9 Contactless Payments: Market Landscape (Page No. - 137)
    9.1 Competitve Landscape
          9.1.1 Ecosystem and Roles
          9.1.2 Portfolio and Comparison
    9.2 End-User Landscape
          9.2.1 Market Opportunity Analysis
          9.2.2 End-User Analysis
                  9.2.2.1 Contactless Payments to Transform End-User Payments Habits
                  9.2.2.2 Contactless Payments Are Leaving Plastics Behind
                  9.2.2.3 A Simple Sticker Can Turn Any Mobile Phone Into A Contactless Payments Device

10 Company Profiles (Overview, Products & Services, Strategies & Insights, Developments and MNM View)* (Page No. - 144)
    10.1 Accenture
    10.2 Diebold
    10.3 Fujitsu
    10.4 Gemalto NV
    10.5 Giesecke & Devrient GMBH
    10.6 Heartland Payment Systems
    10.7 Ingenico
    10.8 Inside Secure
    10.9 Oberthur Technologies
    10.10 Oti Global
    10.11 Renesas Electronics Corporation
    10.12 Safran (Morpho)
    10.13 Toshiba
    10.14 Verifone Systems, Inc.
    10.15 Watchdata Systems
    10.16 Key Innovators
          10.16.1 Blackboard
          10.16.2 CPI Card Group
          10.16.3 Mobeewave
          10.16.4 Opus Software Solutions
          10.16.5 Sequent
          10.16.6 Tyfone, Inc.
          10.16.7 Yodo, Inc.

*Details on Overview, Products & Services, Strategies & Insights, Developments and MNM View Might Not Be Captured in Case of Unlisted 
Companies.

Appendix (Page No. - 213)
   Venture Capital (VC) Funding
   Social Reach


List of Tables (74 Tables)

Table 1 Contactless Payments, Market Size, 2013-2018 ($Billion)
Table 2 Contactless Payments, Market Growth, 2013-2018 (Y-O-Y %)
Table 3 Mobile Handsets, Shipments, By Regions, 2013-2018 (Million Units)
Table 4 POS Terminals, Shipments, By Regions, 2013-2018 (Million Units)
Table 5 NFC Chips, Shipments, By Regions, 2013-2018 (Million Units)
Table 6 Smart Cards, Shipments, By Regions, 2013-2018 (Million Units)
Table 7 Contactless Smart Cards, Shipments, By Regions, 2013-2018 (Million Units)
Table 8 NFC Enabled Mobile Handset Transaction Value and Forecast, By Region, 2013 – 2018 ($Billion)
Table 9 NFC Enabled Mobile Handset Transactions and Forecast, By Region, 2013 – 2018 (Billion)
Table 10 Contactless Card, Transaction Value and Forecast, By Region, 2013 – 2018 ($Billion)
Table 11 Contactless Card Transactions and Forecast, By Region, 2013 – 2018 (Billion)
Table 12 Contactless Payments, Market Size, By Solutions, 2013-2018 ($Billion)
Table 13 Contactless Payments, Market Growth, By Solutions, 2013-2018 (Y-O-Y %)
Table 14 Payment Terminal Solutions, Market Size, By Regions, 2013-2018 ($Million)
Table 15 Payment Terminal Solutions, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Table 16 Business Management Solutions, Market Size, By Regions, 2013-2018 ($Million)
Table 17 Business Management Solutions, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Table 18 Card Issuance Solutions, Market Size, By Regions, 2013-2018 ($Million)
Table 19 Card Issuance Solutions, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Table 20 Anti-Skimming Solutions, Market Size, By Regions, 2013-2018 ($Million)
Table 21 Anti-Skimming Solutions, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Table 22 Contactless Payments, Market Size, By Services, 2013-2018 ($Billion)
Table 23 Contactless Payments, Market Growth, By Services, 2013-2018 (Y-O-Y %)
Table 24 Consulting Services, Market Size, By Regions, 2013-2018 ($Million)
Table 25 Consulting Services, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Table 26 Consulting Services, Market Size, By Verticals, 2013-2018 ($Million)
Table 27 Consulting Services, Market Growth, By Verticals, 2013-2018 (Y-O-Y %)
Table 28 Integration Services, Market Size, By Regions, 2013-2018 ($Million)
Table 29 Integration Services, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Table 30 Integration Services, Market Size, By Verticals, 2013-2018 ($Million)
Table 31 Integration Services, Market Growth, By Verticals, 2013-2018 (Y-O-Y %)
Table 32 Value-Added Services, Market Size, By Regions, 2013-2018 ($Million)
Table 33 Value-Added Services, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Table 34 Value-Added Services, Market Size, By Verticals, 2013-2018 ($Million)
Table 35 Value-Added Services, Market Growth, By Verticals, 2013-2018 (Y-O-Y %)
Table 36 Contactless Payments, Market Size, By Verticals, 2013-2018 ($Million)
Table 37 Contactless Payments, Market Growth, By Verticals, 2013-2018 (Y-O-Y %)
Table 38 BFSI, Market Size, By Regions, 2013-2018 ($Million)
Table 39 BFSI, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Table 40 Consumer Goods and Retail, Market Size, By Regions, 2013-2018 ($Million)
Table 41 Consumer Goods and Retail, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Table 42 Healthcare, Market Size, By Regions, 2013-2018 ($Million)
Table 43 Healthcare, Market Growth, By Regions,2013-2018 (Y-O-Y %)
Table 44 Government and Public Sector, Market Size, By Regions, 2013-2018 ($Million)
Table 45 Government and Public Sector, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Table 46 Telecom and IT, Market Size, By Regions,2013-2018 ($Million)
Table 47 Telecom and IT, Market Growth, By Regions,2013-2018 (Y-O-Y %)
Table 48 Transport and Logistics, Market Size, By Regions, 2013-2018 ($Million)
Table 49 Transport and Logistics, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Table 50 Others, Market Size, By Regions, 2013-2018 ($Million)
Table 51 Others, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Table 52 Contactless Payments, Market Size, By Regions, 2013-2018 ($Million)
Table 53 Contactless Payments, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Table 54 NA, Market Size, By Solutions, 2013-2018 ($Million)
Table 55 NA, Market Growth, By Solutions, 2013-2018 (Y-O-Y %)
Table 56 NA, Market Size, By Services, 2013-2018 ($Million)
Table 57 NA, Market Growth, By Services, 2013-2018 (Y-O-Y %)
Table 58 APAC, Market Size, By Solutions, 2013-2018 ($Million)
Table 59 APAC, Market Growth, By Solutions, 2013-2018 (Y-O-Y %)
Table 60 APAC, Market Size, By Services, 2013-2018 ($Million)
Table 61 APAC, Market Growth, By Services, 2013-2018 (Y-O-Y %)
Table 62 EU, Market Size, By Solutions, 2013-2018 ($Million)
Table 63 EU, Market Growth, By Solutions, 2013-2018 (Y-O-Y %)
Table 64 EU, Market Size, By Services, 2013-2018 ($Million)
Table 65 EU, Market Growth, By Services, 2013-2018 (Y-O-Y %)
Table 66 MEA, Market Size, By Solutions, 2013-2018 ($Million)
Table 67 MEA, Market Growth, By Solutions, 2013-2018 (Y-O-Y %)
Table 68 MEA, Market Size, By Services, 2013-2018 ($Million)
Table 69 MEA, Market Growth, By Services, 2013-2018 (Y-O-Y %)
Table 70 LA, Market Size, By Solutions, 2013-2018 ($Million)
Table 71 LA, Market Growth, By Solutions, 2013-2018 (Y-O-Y %)
Table 72 LA, Market Size, By Services, 2013-2018 ($Million)
Table 73 LA, Market Growth, By Services, 2013-2018 (Y-O-Y %)
Table 74 Contactless Payments, Venture Capital (VC) Funding


List of Figures (49 Figures)

Figure 1 Stakeholders
Figure 2 Data Triangulation and Market Forecasting
Figure 3 Contactless Payments, Market Growth, 2013-2018 (Y-O-Y %)
Figure 4 Market Evolution
Figure 5 Market Segmentation
Figure 6 Impact Analysis of Dros
Figure 7 Value Chain
Figure 8 Mobile Handsets, Shipments, By Regions,2013-2018 (Y-O-Y %)
Figure 9 POS Terminals, Shipments, By Regions,2013-2018 (Y-O-Y %)
Figure 10 NFC Chips, Shipments, By Regions, 2013-2018 (Y-O-Y %)
Figure 11 Smart Cards, Shipments, By Regions, 2013-2018 (Y-O-Y %)
Figure 12 Contactless Smart Cards, Shipments, By Regions, 2013-2018 (Y-O-Y %)
Figure 13 Contactless Payments, Market Growth, By Solutions, 2013-2018 (Y-O-Y %)
Figure 14 Payment Terminal Solutions, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Figure 15 Business Management Solutions, Market Size, By Regions, 2013-2018 (Y-O-Y %)
Figure 16 Card Issuance Solutions, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Figure 17 Anti-Skimming Solutions, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Figure 18 Contactless Payments, Market Growth, By Services, 2013-2018 (Y-O-Y %)
Figure 19 Consulting Services, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Figure 20 Consulting Services, Market Growth, By Verticals, 2013-2018 (Y-O-Y %)
Figure 21 Integration Services, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Figure 22 Integration Services, Market Growth, By Verticals, 2013-2018 (Y-O-Y %)
Figure 23 Value-Added Services, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Figure 24 Value-Added Services, Market Growth, By Verticals, 2013-2018 (Y-O-Y %)
Figure 25 Contactless Payments, Market Growth, By Verticals, 2013-2018 (Y-O-Y %)
Figure 26 BFSI, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Figure 27 Consumer Goods and Retail, Market Growth,By Regions, 2013-2018 (Y-O-Y %)
Figure 28 Healthcare, Market Growth, By Regions,2013-2018 (Y-O-Y %)
Figure 29 Government and Public Sector, Market Growth,By Regions, 2013-2018 (Y-O-Y %)
Figure 30 Telecom and IT, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Figure 31 Transport and Logistics, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Figure 32 Others, Market Growth, By Regions,2013-2018 (Y-O-Y %)
Figure 33 Contactless Payments, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Figure 34 Parfait Chart
Figure 35 NA, Market Growth, By Solutions, 2013-2018 (Y-O-Y %)
Figure 36 NA, Market Growth, By Services, 2013-2018 (Y-O-Y %)
Figure 37 APAC, Market Growth, By Solutions,2013-2018 (Y-O-Y %)
Figure 38 APAC, Market Growth, By Services, 2013-2018 (Y-O-Y %)
Figure 39 EU, Market Growth, By Solutions,2013-2018 (Y-O-Y %)
Figure 40 EU, Market Growth, By Services, 2013-2018 (Y-O-Y %)
Figure 41 MEA, Market Growth, By Solutions, 2013-2018 (Y-O-Y %)
Figure 42 MEA, Market Growth, By Services, 2013-2018 (Y-O-Y %)
Figure 43 LA, Market Growth, By Solutions, 2013-2018 (Y-O-Y %)
Figure 44 LA, Market Growth, By Services, 2013-2018 (Y-O-Y %)
Figure 45 Ecosystem and Roles
Figure 46 Portfolio Comparison
Figure 47 Opportunity Plot
Figure 48 Mobile Payment Applications
Figure 49 Social Reach

      In recent times, millions of consumers are equipped with contactless enabled debit and credit cards and other contactless devices. This adoption is expected to grow rapidly in the next few years with the emergence of mobile phones based on NFC (near-field communication) technology. From a business standpoint, despite of continuous growth in the volumes of the transactions, financial institutions are facing some marginal pressures on their payment business because of the increasing competition. Whereas, consumers can simply tap their contactless cards and NFC enabled phones on a contactless reader, authorize their purchase without any signatures and pins. Hence, contactless payments are making transactions faster, and check-out lines are becoming shorter generating higher sales volumes.

      NFC is considered to be at the heart of mobile electronic payments. The main objective of financial institutions is enhancing the card usage and offer innovative services to cardholders. The main goal in the market is to catch hold of cash market. Contactless technology in the payment industry helps issuers to differentiate their portfolio on the basis of increasing revenues and high branding effect.

      The leading vendors in the market are moving to the new and innovative generation of products, presenting optimized chips and operating systems for high level of security, increasing RF performances and transaction times. The companies support financial institutions to launch an effective contactless payments program. With the wide array of value-added-services in the market and strong infrastructure provides quick and secure personalization of contactless cards in payments industry.

      In the coming years it is expected that market would expand towards payments through mobile phones. Hence, understanding the goals, expectations and attitudes of contactless payments users is very important for designing a successful payment experience.

      MarketsandMarkets forecasts the contactless payments market to grow from $4.32 billion in 2013 to $9.88 billion in 2018, at a CAGR of 18% during the forecast period. The overall size of market equals to the sum of the revenues of various solutions being adopted by end users.

      The table below highlights the revenue trend for market, by solutions and services.

      Contactless Payments: Market Size, 2013 – 2018 $ Billion

      Contactless Payments Market

      Source: MarketsandMarkets Analysis

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