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

 

Enquiry Before Buying
Analyst Briefing  
purchase report
download pdf  request for customisation


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)

Table Of Contents
 
1 Introduction (Page No. - 23)
   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 Points
       1.5.2 Data Triangulation and Market Forecasting
   1.6 Forecast Assumptions

2 Executive Summary (Page No. - 30)
   2.1 Abstract
   2.2 Overall Market Size

3 Market Overview (Page No. - 33)
   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 Market Size and Forecast By Payment Modes (Page No. - 55)
   4.1 Introduction
   4.2 Mobile Handsets
       4.2.1 Overview
       4.2.2 Market Size and Forecast By Regions
       4.2.3 Market Size and Forecast By Verticals
   4.3 Contactless Smart Cards
       4.3.1 Overview
       4.3.2 Market Size and Forecast By Regions
       4.3.3 Market Size and Forecast By Verticals
   4.4 Others
       4.4.1 Overview
       4.4.2 Market Size and Forecast By Regions
       4.4.3 Market Size and Forecast By Verticals

5 Contactless Payments Market Size and Forecast By Solutions (Page No. - 73)
   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. - 87)
       6.1.1 Introduction
       6.1.2 Consulting Services
             6.1.2.1 Overview
             6.1.2.2 Market Size and Forecast By Regions
             6.1.2.3 Market Size and Forecast By Verticals
       6.1.3 Integration Services
             6.1.3.1 Overview
             6.1.3.2 Market Size and Forecast By Region
             6.1.3.3 Market Size and Forecast By Verticals
       6.1.4 Value-Added Services
             6.1.4.1 Overview
             6.1.4.2 Market Size and Forecast By Regions
             6.1.4.3 Market Size and Forecast By Verticals

7 Contactless Payments: Market Size and Forecast By Verticals (Page No. - 102)
   7.1 Introduction
   7.2 Banking, Financial Services, and Insurance (BFSI)
       7.2.1 Overview
       7.2.2 Market Size and Forecast By Payment Modes
       7.2.3 Market Size and Forecast By Regions
   7.3 Consumer Goods and Retail
       7.3.1 Overview
       7.3.2 Market Size and Forecast By Payment Modes
       7.3.3 Market Size and Forecast By Regions
   7.4 Healthcare
       7.4.1 Overview
       7.4.2 Market Size and Forecast By Payment Modes
       7.4.3 Market Size and Forecast By Regions
   7.5 Government and Public Sector
       7.5.1 Overview
       7.5.2 Market Size and Forecast By Payment Modes
       7.5.3 Market Size and Forecast By Regions
   7.6 Telecom and It
       7.6.1 Overview
       7.6.2 Market Size and Forecast By Payment Modes
       7.6.3 Market Size and Forecast By Regions
   7.7 Transport and Logistics
       7.7.1 Overview
       7.7.2 Market Size and Forecast By Payment Modes
       7.7.3 Market Size and Forecast By Regions
   7.8 Others
       7.8.1 Overview
       7.8.2 Market Size and Forecast By Payment Modes
       7.8.3 Market Size and Forecast By Regions

8 Contactless Payments: Market Size and Forecast By Regions (Page No. - 136)
   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. - 160)
   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 and Services, Financials, Strategy & Development)* (Page No. - 167)
   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

*Details On Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.
 
   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.

Appendix (Page No. - 236)
   Venture Capital (VC) Funding
   Social Reach


List Of Tables (98 Tables)

Table 1 Contactless Payments, Market Size, 2013-2018 ($Billion)
Table 2 Contactless Payments, Market Growth, 2013-2018 (Y-O-Y %)
Table 3 Mobile Handsets, Shipments, By Regions, 2013-2018 (Million Units)
Table 4 POS Terminals, Shipments, By Regions, 2013-2018 (Million Units)
Table 5 NFC Chips, Shipments, By Regions, 2013-2018 (Million Units)
Table 6 Smart Cards, Shipments, By Regions, 2013-2018 (Million Units)
Table 7 Contactless Smart Cards, Shipments, By Regions, 2013-2018 (Million Units)
Table 8 Contactless Payments, Market Size, By Payment Modes, 2013-2018 ($Billion)
Table 9 Contactless Payments, Market Growth, By Payment Modes, 2013-2018 (Y-O-Y %)
Table 10 Mobile Handsets, Market Size, By Regions, 2013-2018 ($Million)
Table 11 Mobile Handsets, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Table 12 Mobile Handsets, Market Size, By Verticals, 2013-2018 ($Million)
Table 13 Mobile Handsets, Market Growth, By Verticals, 2013-2018 (Y-O-Y %)
Table 14 Contactless Smart Cards, Market Size, By Regions, 2013-2018 ($Million)
Table 15 Contactless Smart Cards, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Table 16 Contactless Smart Cards, Market Size, By Verticals, 2013-2018 ($Million)
Table 17 Contactless Smart Cards, Market Growth, By Verticals, 2013-2018 (Y-O-Y %)
Table 18 Others, Market Size, By Regions, 2013-2018 ($Million)
Table 19 Others, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Table 20 Others, Market Size, By Verticals, 2013-2018 ($Million)
Table 21 Others, Market Growth, By Verticals, 2013-2018 (Y-O-Y %)
Table 22 Contactless Payments, Market Size, By Solutions, 2013-2018 ($Billion)
Table 23 Contactless Payments, Market Growth, By Solutions, 2013-2018 (Y-O-Y %)
Table 24 Payment Terminal Solutions, Market Size, By Regions, 2013-2018 ($Million)
Table 25 Payment Terminal Solutions, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Table 26 Business Management Solutions, Market Size, By Regions, 2013-2018 ($Million)
Table 27 Business Management Solutions, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Table 28 Card Issuance Solutions, Market Size, By Regions, 2013-2018 ($Million)
Table 29 Card Issuance Solutions, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Table 30 Anti-Skimming Solutions, Market Size, By Regions, 2013-2018 ($Million)
Table 31 Anti-Skimming Solutions, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Table 32 Contactless Payments, Market Size, By Services, 2013-2018 ($Billion)
Table 33 Contactless Payments, Market Growth, By Services, 2013-2018 (Y-O-Y %)
Table 34 Consulting Services, Market Size, By Regions, 2013-2018 ($Million)
Table 35 Consulting Services, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Table 36 Consulting Services, Market Size, By Verticals, 2013-2018 ($Million)
Table 37 Consulting Services, Market Growth, By Verticals, 2013-2018 (Y-O-Y %)
Table 38 Integration Services, Market Size, By Regions, 2013-2018 ($Million)
Table 39 Integration Services, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Table 40 Integration Services, Market Size, By Verticals, 2013-2018 ($Million)
Table 41 Integration Services, Market Growth, By Verticals, 2013-2018 (Y-O-Y %)
Table 42 Value-Added Services, Market Size, By Regions, 2013-2018 ($Million)
Table 43 Value-Added Services, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Table 44 Value-Added Services, Market Size, By Verticals, 2013-2018 ($Million)
Table 45 Value-Added Services, Market Growth, By Verticals, 2013-2018 (Y-O-Y %)
Table 46 Contactless Payments, Market Size, By Verticals, 2013-2018 ($Million)
Table 47 Contactless Payments, Market Growth, By Verticals, 2013-2018 (Y-O-Y %)
Table 48 BFSI, Market Size, By Payment Modes, 2013-2018 ($Million)
Table 49 BFSI, Market Growth, By Payment Modes, 2013-2018 (Y-O-Y %)
Table 50 BFSI, Market Size, By Regions, 2013-2018 ($Million)
Table 51 BFSI, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Table 52 Consumer Goods and Retail, Market Size, By Payment Modes, 2013-2018 ($Million)
Table 53 Consumer Goods and Retail, Market Growth, By Payment Modes, 2013-2018 (Y-O-Y %)
Table 54 Consumer Goods and Retail, Market Size, By Regions, 2013-2018 ($Million)
Table 55 Consumer Goods and Retail, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Table 56 Healthcare, Market Size, By Payment Modes, 2013-2018 ($Million)
Table 57 Healthcare, Market Growth, By Payment Modes, 2013-2018 (Y-O-Y %)
Table 58 Healthcare, Market Size, By Regions, 2013-2018 ($Million)
Table 59 Healthcare, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Table 60 Government and Public Sector, Market Size, By Payment Modes, 2013-2018 ($Million)
Table 61 Government and Public Sector, Market Growth, By Payment Modes, 2013-2018 (Y-O-Y %)
Table 62 Government and Public Sector, Market Size, By Regions, 2013-2018 ($Million)
Table 63 Government and Public Sector, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Table 64 Telecom and It, Market Size, By Payment Modes, 2013-2018 ($Million)
Table 65 Telecom and It, Market Growth, By Payment Modes, 2013-2018 (Y-O-Y %)
Table 66 Telecom and It, Market Size, By Regions, 2013-2018 ($Million)
Table 67 Telecom and It, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Table 68 Transport and Logistics, Market Size, By Payment Modes, 2013-2018 ($Million)
Table 69 Transport and Logistics, Market Growth, By Payment Modes, 2013-2018 (Y-O-Y %)
Table 70 Transport and Logistics, Market Size, By Regions, 2013-2018 ($Million)
Table 71 Transport and Logistics, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Table 72 Others, Market Size, By Payment Modes, 2013-2018 ($Million)
Table 73 Others, Market Growth, By Payment Modes, 2013-2018 (Y-O-Y %)
Table 74 Others, Market Size, By Regions, 2013-2018 ($Million)
Table 75 Others, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Table 76 Contactless Payments Market Size, By Regions, 2013-2018 ($Million)
Table 77 Contactless Payments Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Table 78 NA, Market Size, By Solutions, 2013-2018 ($Million)
Table 79 NA, Market Growth, By Solutions, 2013-2018 (Y-O-Y %)
Table 80 NA, Market Size, By Services, 2013-2018 ($Million)
Table 81 NA, Market Growth, By Services, 2013-2018 (Y-O-Y %)
Table 82 APAC, Market Size, By Solutions, 2013-2018 ($Million)
Table 83 APAC, Market Growth, By Solutions, 2013-2018 (Y-O-Y %)
Table 84 APAC, Market Size, By Services, 2013-2018 ($Million)
Table 85 APAC, Market Growth, By Services, 2013-2018 (Y-O-Y %)
Table 86 EU, Market Size, By Solutions, 2013-2018 ($Million)
Table 87 EU, Market Growth, By Solutions, 2013-2018 (Y-O-Y %)
Table 88 EU, Market Size, By Services, 2013-2018 ($Million)
Table 89 EU, Market Growth, By Services, 2013-2018 (Y-O-Y %)
Table 90 MEA, Market Size, By Solutions, 2013-2018 ($Million)
Table 91 MEA, Market Growth, By Solutions, 2013-2018 (Y-O-Y %)
Table 92 MEA, Market Size, By Services, 2013-2018 ($Million)
Table 93 MEA, Market Growth, By Services, 2013-2018 (Y-O-Y %)
Table 94 LA, Market Size, By Solutions, 2013-2018 ($Million)
Table 95 LA, Market Growth, By Solutions, 2013-2018 (Y-O-Y %)
Table 96 LA, Market Size, By Services, 2013-2018 ($Million)
Table 97 LA, Market Growth, By Services, 2013-2018 (Y-O-Y %)
Table 98 Contactless Payments, Venture Capital (Vc) Funding


List Of Figures (63 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 Payment Modes, 2013-2018 (Y-O-Y %)
Figure 14 Mobile Handsets, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Figure 15 Mobile Handsets, Market Growth, By Verticals, 2013-2018 (Y-O-Y %)
Figure 16 Contactless Smart Cards, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Figure 17 Contactless Smart Cards, Market Growth, By Verticals, 2013-2018 (Y-O-Y %)
Figure 18 Others, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Figure 19 Others, Market Growth, By Verticals, 2013-2018 (Y-O-Y %)
Figure 20 Contactless Payments, Market Growth, By Solutions, 2013-2018 (Y-O-Y %)
Figure 21 Payment Terminal Solutions, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Figure 22 Business Management Solutions, Market Size, By Regions, 2013-2018 (Y-O-Y %)
Figure 23 Card Issuance Solutions, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Figure 24 Anti-Skimming Solutions, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Figure 25 Contactless Payments, Market Growth, By Services, 2013-2018 (Y-O-Y %)
Figure 26 Consulting Services, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Figure 27 Consulting Services, Market Growth, By Verticals, 2013-2018 (Y-O-Y %)
Figure 28 Integration Services, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Figure 29 Integration Services, Market Growth, By Verticals, 2013-2018 (Y-O-Y %)
Figure 30 Value-Added Services, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Figure 31 Value-Added Services, Market Growth, By Verticals, 2013-2018 (Y-O-Y %)
Figure 32 Contactless Payments, Market Growth, By Verticals, 2013-2018 (Y-O-Y %)
Figure 33 BFSI, Market Growth, By Payment Modes, 2013-2018 (Y-O-Y %)
Figure 34 BFSI, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Figure 35 Consumer Goods and Retail, Market Growth, By Payment Modes, 2013-2018 (Y-O-Y %)
Figure 36 Consumer Goods and Retail, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Figure 37 Healthcare, Market Growth, By Payment Modes, 2013-2018 (Y-O-Y %)
Figure 38 Healthcare, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Figure 39 Government and Public Sector, Market Growth, By Payment Modes, 2013-2018 (Y-O-Y %)
Figure 40 Government and Public Sector, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Figure 41 Telecom and It, Market Growth, By Payment Modes, 2013-2018 (Y-O-Y %)
Figure 42 Telecom and It, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Figure 43 Transport and Logistics, Market Growth, By Payment Modes, 2013-2018 (Y-O-Y %)
Figure 44 Transport and Logistics, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Figure 45 Others, Market Growth, By Payment Modes, 2013-2018 (Y-O-Y %)
Figure 46 Others, Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Figure 47 Contactless Payments Market Growth, By Regions, 2013-2018 (Y-O-Y %)
Figure 48 Parfait Chart
Figure 49 NA, Market Growth, By Solutions, 2013-2018 (Y-O-Y %)
Figure 50 NA, Market Growth, By Services, 2013-2018 (Y-O-Y %)
Figure 51 APAC, Market Growth, By Solutions, 2013-2018 (Y-O-Y %)
Figure 52 APAC, Market Growth, By Services, 2013-2018 (Y-O-Y %)
Figure 53 EU, Market Growth, By Solutions, 2013-2018 (Y-O-Y %)
Figure 54 EU, Market Growth, By Services, 2013-2018 (Y-O-Y %)
Figure 55 MEA, Market Growth, By Solutions, 2013-2018 (Y-O-Y %)
Figure 56 MEA, Market Growth, By Services, 2013-2018 (Y-O-Y %)
Figure 57 LA, Market Growth, By Solutions, 2013-2018 (Y-O-Y %)
Figure 58 LA, Market Growth, By Services, 2013-2018 (Y-O-Y %)
Figure 59 Ecosystem and Roles
Figure 60 Portfolio Comparison
Figure 61 Opportunity Plot
Figure 62 Mobile Payment Applications
Figure 63 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 Paymnets: Market Size, 2013 2018 $ Billion

Contactless Payments Market

Source: MarketsandMarkets Analysis

Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Please visit http://www.marketsandmarkets.com/knowledge-process-outsourcing-services.asp to specify your custom Research Requirement

Connect With Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441
UK : 44-800-368-9399

Search reports