Contactless Payment Market

Contactless Payment Market by Component (Hardware (PoS and Cards), Solutions, and Services (Consulting, Integration and Deployment, and Support and Maintenance)), Vertical (Retail and hospitality), and Region - Global Forecast to 2025

Report Code: TC 2198 Mar, 2020, by marketsandmarkets.com
COVID-19

Get in-depth analysis of how COVID-19 is impacting the Contactless Payment Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Contactless Payment Market

Request Now

The global contactless payment market size is expected to grow from USD 10.3 billion in 2020 to USD 18.0 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 11.7% during the forecast period. The major advantage offered by contactless payments is that customers can instantly complete transactions with the tap of a card. This increases the speed of transactions, making contactless payments even more efficient. With the increasing integration of contactless payment technologies in mobile handsets and smart phones, the demand for contactless payment solutions has grown tremendously across all the countries.

Contactless Payments Market

Based on hardware, the Point of Sales (POS) segment to hold the largest market size during the forecast period

POS is a point where customers make payments to retailers. The POS terminal is an electronic device used to process payment transactions at retail stores. These terminals have seen significant growth in the contactless payment market because of various benefits, such as ease of use, low deployment cost, and mobility. Contactless payments have completely changed the way customers pay for goods; eventually, it has also reduced the time spent on queuing at POS terminals.

Based on vertical, the retail segment to hold the largest market size during the forecast period

The retail vertical is undergoing a major transformation. Retailers are modernizing their brick-and-mortar stores to provide improved services for customers and establish online stores to increase revenues. They are adopting innovative technologies, such as cloud computing, big data analytics, digital stores, and social networks, to increase their visibility and presence in the market. Retailers are also realizing the benefits of contactless payments, which include reduced transaction time, increased revenue, improved operational efficiency, and minimized operating costs. Mobile payments at retail stores have helped accelerate the transaction process and reduce counter queues.

Contactless Payments Market

Among regions, Europe to hold the largest market size during the forecast period

The contactless payment market in Europe is the largest in terms of market size and is highly fragmented based on multi-currencies and multi-languages. The region comprises a diverse range of countries, from economically and technologically advanced countries, such as the UK and Germany to severely debt-ridden countries, such as Greece and Austria. The UK, Poland, Spain, and Germany are the leading countries in the European market. The total contactless spending has grown in these countries with the increasing circulation of contactless cards and terminals by card companies, such as Visa and Mastercard.

Key Market Players

Major vendors in the contactless payment market include Gemalto (Netherlands), Infineon (Germany), Ingenico (France), Wirecard (Germany), Verifone (US), Giesecke+Devrient (Germany), IDEMIA (France), On Track Innovations (Israel), Identiv (US), CPI Card Group (US), Bitel (South Korea), Setomatic Systems (US), Valitor (Iceland), PAX Global Technology (China), MYPINPAD (UK), Mobeewave (UK), Alcineo (South Africa), Castles (Taiwan), SumUp (UK), and PayCore (Istanbul).

Scope of the report:


Report Metrics

Details

Market size available for years

2018–2025

Base year considered

2019

Forecast period

2020–2025

Forecast units

Value (USD)

Segments covered

Market by Component (Hardware [POS, Cards, and Others], Solutions, and Services [Consulting, Integration and Deployment, and Support and Maintenance]), Vertical (Retail, Hospitality, Healthcare, Energy and Utilities, Transportation and Logistics, BFSI, and Others), and Region

Geographies covered

North America, Europe, APAC, MEA, and Latin America

Companies covered

Gemalto (Netherlands), Infineon (Germany), Ingenico (France), Wirecard (Germany), Verifone (US), Giesecke+Devrient (Germany), IDEMIA (France), On Track Innovations (Israel), Identiv (US), CPI Card Group (US), Bitel (South Korea), Setomatic Systems (US), Valitor (Iceland), PAX Global Technology (China), MYPINPAD (UK), Mobeewave (UK), Alcineo (South Africa), Castles (Taiwan), SumUp (UK), and PayCore (Istanbul)

The research report categorizes the contactless payment market based on component (hardware, solutions, and services), vertical, and region.

By Component

  • Hardware
    • POS
    • Cards
    • Others (Wearables, readers, key fobs, and tags)
  • Solutions
  • Services
    • Consulting
    • Integration and Deployment
    • Support and Maintenance

By Vertical:

  • Retail
  • Hospitality
  • Healthcare
  • Energy and Utilities
  • Transportation and Logistics
  • BFSI
  • Others (Government, telecommunications, and education)

By Region:

  • North America
  • Europe
  • APAC
  • MEA
  • Latin America

Recent Developments:

  • In January 2020, CPI Card Group launched dual interface metal cards that uniquely combine high-quality design and contactless capabilities.
  • In October 2019, Mobeewave and IDEMIA extended their partnership to deploy secure mobile PoS and fare validation across Australia.
  • In August 2019, Wirecard and Sisal Group signed an agreement in the field of contactless payment solutions.

Key questions addressed by the report:

  • Where will all these developments take the industry in the mid to long term?
  • What are the upcoming industry solutions in the market?
  • Which are the major factors expected to drive the market?
  • Which region would offer high growth for vendors in the contactless payment market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 17)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 MARKET SCOPE
           1.3.1 MARKET SEGMENTATION
    1.4 YEARS CONSIDERED FOR THE STUDY
    1.5 CURRENCY CONSIDERED
    1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 21)
    2.1 RESEARCH DATA
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Breakup of primary profiles
    2.2 MARKET BREAKUP AND DATA TRIANGULATION
    2.3 MARKET SIZE ESTIMATION
    2.4 MARKET FORECAST
    2.5 COMPETITIVE LEADERSHIP MAPPING METHODOLOGY
    2.6 ASSUMPTIONS FOR THE STUDY
    2.7 LIMITATIONS OF THE STUDY

3 EXECUTIVE SUMMARY (Page No. - 29)

4 PREMIUM INSIGHTS (Page No. - 34)
    4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE CONTACTLESS PAYMENT MARKET
    4.2 GLOBAL CONTACTLESS PAYMENT MARKET, BY COMPONENT AND REGION
    4.3 CONTACTLESS PAYMENT MARKET, BY REGION
    4.4 CONTACTLESS PAYMENT MARKET: INVESTMENT SCENARIO

5 MARKET OVERVIEW AND INDUSTRY TRENDS (Page No. - 37)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Contactless payments ensure faster transactions
                    5.2.1.2 Increased customer satisfaction and improved loyalty programs
                    5.2.1.3 Enhanced purchase experience
           5.2.2 RESTRAINTS
                    5.2.2.1 Risk of stolen or lost contactless cards
                    5.2.2.2 High cost of deploying contactless payment technologies
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Use of security features of emerging technologies, such as blockchain and 5G
                    5.2.3.2 Rising demand for mobile and wearable payment devices
           5.2.4 CHALLENGES
                    5.2.4.1 Lack of consumer awareness
                    5.2.4.2 Banking laws and payment association rules
    5.3 STANDARDS AND REGULATIONS
           5.3.1 ISO/IEC 14443
                    5.3.1.1 Part 1
                    5.3.1.2 Part 2
                    5.3.1.3 Part 3
                    5.3.1.4 Part 4
           5.3.2 ISO/IEC 15693
                    5.3.2.1 Part 1
                    5.3.2.2 Part 2
                    5.3.2.3 Part 3
           5.3.3 ISO/IEC 18092
                    5.3.3.1 Read/Write
                    5.3.3.2 Peer-to-Peer
    5.4 USE CASES
           5.4.1 USE CASE: TRANSPORT AND LOGISTICS
           5.4.2 USE CASE: HOSPITALITY
           5.4.3 USE CASE: TRANSPORTATION AND LOGISTICS
    5.5 IMPACT OF DISRUPTIVE TECHNOLOGIES
           5.5.1 BLOCKCHAIN
           5.5.2 5G
           5.5.3 AUGMENTED REALITY

6 CONTACTLESS PAYMENT MARKET, BY TECHNOLOGY (Page No. - 45)
    6.1 INTRODUCTION
           6.1.1 TECHNOLOGY: CONTACTLESS PAYMENT MARKET DRIVERS
           6.1.2 TECHNOLOGY: CONTACTLESS PAYMENT VENDOR INITIATIVES AND DEVELOPMENTS
    6.2 RADIO FREQUENCY IDENTIFICATION
    6.3 NEAR FIELD COMMUNICATION
    6.4 HOST CARD EMULATION

7 CONTACTLESS PAYMENT MARKET, BY PAYMENT MODE (Page No. - 47)
    7.1 INTRODUCTION
           7.1.1 PAYMENT MODES: CONTACTLESS PAYMENT MARKET DRIVERS
           7.1.2 PAYMENT MODES: CONTACTLESS PAYMENT VENDOR INITIATIVES AND DEVELOPMENTS
    7.2 SMARTPHONES
    7.3 SMARTCARDS
    7.4 OTHERS

8 CONTACTLESS PAYMENT MARKET, BY COMPONENT (Page No. - 49)
    8.1 INTRODUCTION
           8.1.1 COMPONENT: CONTACTLESS PAYMENT MARKET DRIVERS
           8.1.2 COMPONENT: CONTACTLESS PAYMENT VENDOR INITIATIVES AND DEVELOPMENTS
    8.2 HARDWARE
           8.2.1 POINT OF SALE
           8.2.2 CARDS
           8.2.3 OTHERS
    8.3 SERVICES
           8.3.1 CONSULTING
           8.3.2 INTEGRATION AND DEPLOYMENT
           8.3.3 SUPPORT AND MAINTENANCE
    8.4 SOLUTIONS

9 CONTACTLESS PAYMENT MARKET, BY VERTICAL (Page No. - 66)
    9.1 INTRODUCTION
           9.1.1 VERTICALS: CONTACTLESS PAYMENT MARKET DRIVERS
           9.1.2 VERTICALS: CONTACTLESS PAYMENT VENDOR INITIATIVES AND DEVELOPMENTS
    9.2 RETAIL
    9.3 HEALTHCARE
    9.4 HOSPITALITY
    9.5 ENERGY AND UTILITIES
    9.6 TRANSPORTATION AND LOGISTICS
    9.7 BANKING, FINANCIAL SERVICES AND INSURANCE
    9.8 OTHER VERTICALS
           9.8.1 EDUCATION
           9.8.2 TELECOMMUNICATIONS
           9.8.3 GOVERNMENT

10 CONTACTLESS PAYMENT MARKET, BY REGION (Page No. - 81)
     10.1 INTRODUCTION
     10.2 NORTH AMERICA
             10.2.1 NORTH AMERICA: CONTACTLESS PAYMENT MARKET DRIVERS
             10.2.2 NORTH AMERICA: CONTACTLESS PAYMENT VENDOR INITIATIVES AND DEVELOPMENTS
             10.2.3 UNITED STATES
             10.2.4 CANADA
     10.3 EUROPE
             10.3.1 EUROPE: CONTACTLESS PAYMENT MARKET DRIVERS
             10.3.2 EUROPE: CONTACTLESS PAYMENT VENDOR INITIATIVES AND DEVELOPMENTS
             10.3.3 UNITED KINGDOM
             10.3.4 GERMANY
             10.3.5 SWEDEN
             10.3.6 REST OF EUROPE
     10.4 ASIA PACIFIC
             10.4.1 ASIA PACIFIC: CONTACTLESS PAYMENT MARKET DRIVERS
             10.4.2 ASIA PACIFIC: CONTACTLESS PAYMENT VENDOR INITIATIVES AND DEVELOPMENTS
             10.4.3 CHINA
             10.4.4 SOUTH KOREA
             10.4.5 AUSTRALIA
             10.4.6 INDIA
             10.4.7 SINGAPORE
             10.4.8 REST OF ASIA PACIFIC
     10.5 MIDDLE EAST AND AFRICA
             10.5.1 MIDDLE EAST AND AFRICA: CONTACTLESS PAYMENT MARKET DRIVERS
             10.5.2 MIDDLE EAST AND AFRICA: CONTACTLESS PAYMENT VENDOR INITIATIVES AND DEVELOPMENTS
             10.5.3 UNITED ARAB EMIRATES
             10.5.4 KINGDOM OF SAUDI ARABIA
             10.5.5 ISRAEL
             10.5.6 SOUTH AFRICA
             10.5.7 QATAR
             10.5.8 REST OF MIDDLE EAST AND AFRICA
     10.6 LATIN AMERICA
             10.6.1 LATIN AMERICA: CONTACTLESS PAYMENT MARKET DRIVERS
             10.6.2 LATIN AMERICA: CONTACTLESS PAYMENT VENDOR INITIATIVES AND DEVELOPMENTS
             10.6.3 BRAZIL
             10.6.4 MEXICO
             10.6.5 REST OF LATIN AMERICA

11 COMPETITIVE LANDSCAPE (Page No. - 114)
     11.1 OVERVIEW
     11.2 COMPETITIVE LEADERSHIP MAPPING
             11.2.1 VISIONARY LEADERS
             11.2.2 DYNAMIC DIFFERENTIATORS
             11.2.3 INNOVATORS
             11.2.4 EMERGING COMPANIES
     11.3 STRENGTH OF PRODUCT PORTFOLIO
     11.4 BUSINESS STRATEGY EXCELLENCE
     11.5 RANKING OF KEY PLAYERS

12 COMPANY PROFILES (Page No. - 119)
     12.1 INTRODUCTION
(Business Overview, Solutions & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
     12.2 GEMALTO
     12.3 INFINEON
     12.4 INGENICO
     12.5 WIRECARD
     12.6 VERIFONE
     12.7 GIESECKE+DEVRIENT
     12.8 IDEMIA
     12.9 ON TRACK INNOVATIONS
     12.10 IDENTIV
     12.11 CPI CARD GROUP
     12.12 BITEL
     12.13 SETOMATIC SYSTEMS
     12.14 VALITOR
     12.15 PAX GLOBAL TECHNOLOGY
     12.16 MYPINPAD
     12.17 MOBEEWAVE
     12.18 ALCINEO
     12.19 CASTLES
     12.20 SUMUP
     12.21 PAYCORE
*Details on Business Overview, Solutions & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
     12.22 RIGHT-TO-WIN

13 APPENDIX (Page No. - 159)
     13.1 DISCUSSION GUIDE
     13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     13.3 AVAILABLE CUSTOMIZATIONS
     13.4 RELATED REPORTS
     13.5 AUTHOR DETAILS


LIST OF TABLES (104 Tables)

TABLE 1 UNITED STATES DOLLAR EXCHANGE RATE, 2017-2019
TABLE 2 CONTACTLESS PAYMENT MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 3 HARDWARE: CONTACTLESS PAYMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 4 NORTH AMERICA: HARDWARE MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 5 EUROPE: HARDWARE MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 6 HARDWARE: CONTACTLESS PAYMENT MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 7 POINT OF SALE MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 8 NORTH AMERICA: POINT OF SALE MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 9 EUROPE: POINT OF SALE MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 10 CARDS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 11 NORTH AMERICA: CARDS MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 12 EUROPE: CARDS MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 13 OTHERS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 14 NORTH AMERICA: OTHERS MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 15 EUROPE: OTHERS MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 16 SERVICES: CONTACTLESS PAYMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 17 NORTH AMERICA: SERVICES MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 18 EUROPE: SERVICES MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 19 SERVICES: CONTACTLESS PAYMENT MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 20 CONSULTING MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 21 NORTH AMERICA: CONSULTING MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 22 EUROPE: CONSULTING MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 23 INTEGRATION AND DEPLOYMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 24 NORTH AMERICA: INTEGRATION AND DEPLOYMENT MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 25 EUROPE: INTEGRATION AND DEPLOYMENT MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 26 SUPPORT AND MAINTENANCE MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 27 NORTH AMERICA: SUPPORT AND MAINTENANCE MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 28 EUROPE: SUPPORT AND MAINTENANCE MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 29 SOLUTIONS: CONTACTLESS PAYMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 30 NORTH AMERICA: SOLUTIONS MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 31 EUROPE: SOLUTIONS MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 32 CONTACTLESS PAYMENT MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)
TABLE 33 RETAIL: CONTACTLESS PAYMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 34 NORTH AMERICA: RETAIL MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 35 EUROPE: RETAIL MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 36 HEALTHCARE: CONTACTLESS PAYMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 37 NORTH AMERICA: HEALTHCARE MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 38 EUROPE: HEALTHCARE MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 39 HOSPITALITY: CONTACTLESS PAYMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 40 NORTH AMERICA: HOSPITALITY MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 41 EUROPE: HOSPITALITY MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 42 ENERGY AND UTILITIES: CONTACTLESS PAYMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 43 NORTH AMERICA: ENERGY AND UTILITIES MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 44 EUROPE: ENERGY AND UTILITIES MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 45 TRANSPORTATION AND LOGISTICS: CONTACTLESS PAYMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 46 NORTH AMERICA: TRANSPORTATION AND LOGISTICS MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 47 EUROPE: TRANSPORTATION AND LOGISTICS MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 48 BANKING, FINANCIAL SERVICES AND INSURANCE: CONTACTLESS PAYMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 49 NORTH AMERICA: BANKING, FINANCIAL SERVICES AND INSURANCE MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 50 EUROPE: BANKING, FINANCIAL SERVICES AND INSURANCE MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 51 OTHER VERTICALS: CONTACTLESS PAYMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 52 NORTH AMERICA: OTHER VERTICALS MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 53 EUROPE: OTHER VERTICALS MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 54 CONTACTLESS PAYMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 55 NORTH AMERICA: CONTACTLESS PAYMENT MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 56 NORTH AMERICA: CONTACTLESS PAYMENT MARKET SIZE, BY HARDWARE, 2018–2025 (USD MILLION)
TABLE 57 NORTH AMERICA: CONTACTLESS PAYMENT MARKET SIZE, BY SERVICE, 2018–2025 (USD MILLION)
TABLE 58 NORTH AMERICA: CONTACTLESS PAYMENT MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)
TABLE 59 NORTH AMERICA: CONTACTLESS PAYMENT MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 60 UNITED STATES: CONTACTLESS PAYMENT MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 61 UNITED STATES: CONTACTLESS PAYMENT MARKET SIZE, BY HARDWARE, 2018–2025 (USD MILLION)
TABLE 62 UNITED STATES: CONTACTLESS PAYMENT MARKET SIZE, BY SERVICE, 2018–2025 (USD MILLION)
TABLE 63 UNITED STATES: CONTACTLESS PAYMENT MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)
TABLE 64 CANADA: CONTACTLESS PAYMENT MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 65 CANADA: CONTACTLESS PAYMENT MARKET SIZE, BY HARDWARE, 2018–2025 (USD MILLION)
TABLE 66 CANADA: CONTACTLESS PAYMENT MARKET SIZE, BY SERVICE, 2018–2025 (USD MILLION)
TABLE 67 CANADA: CONTACTLESS PAYMENT MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)
TABLE 68 EUROPE: CONTACTLESS PAYMENT MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 69 EUROPE: CONTACTLESS PAYMENT MARKET SIZE, BY HARDWARE, 2018–2025 (USD MILLION)
TABLE 70 EUROPE: CONTACTLESS PAYMENT MARKET SIZE, BY SERVICE, 2018–2025 (USD MILLION)
TABLE 71 EUROPE: CONTACTLESS PAYMENT MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)
TABLE 72 EUROPE: CONTACTLESS PAYMENT MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 73 UNITED KINGDOM: CONTACTLESS PAYMENT MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 74 UNITED KINGDOM: CONTACTLESS PAYMENT MARKET SIZE, BY HARDWARE, 2018–2025 (USD MILLION)
TABLE 75 UNITED KINGDOM: CONTACTLESS PAYMENT MARKET SIZE, BY SERVICE, 2018–2025 (USD MILLION)
TABLE 76 UNITED KINGDOM: CONTACTLESS PAYMENT MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)
TABLE 77 GERMANY: CONTACTLESS PAYMENT MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 78 GERMANY: CONTACTLESS PAYMENT MARKET SIZE, BY HARDWARE, 2018–2025 (USD MILLION)
TABLE 79 GERMANY: CONTACTLESS PAYMENT MARKET SIZE, BY SERVICE, 2018–2025 (USD MILLION)
TABLE 80 GERMANY: CONTACTLESS PAYMENT MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)
TABLE 81 SWEDEN: CONTACTLESS PAYMENT MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 82 SWEDEN: CONTACTLESS PAYMENT MARKET SIZE, BY HARDWARE, 2018–2025 (USD MILLION)
TABLE 83 SWEDEN: CONTACTLESS PAYMENT MARKET SIZE, BY SERVICE, 2018–2025 (USD MILLION)
TABLE 84 SWEDEN: CONTACTLESS PAYMENT MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)
TABLE 85 REST OF EUROPE: CONTACTLESS PAYMENT MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 86 REST OF EUROPE: CONTACTLESS PAYMENT MARKET SIZE, BY HARDWARE, 2018–2025 (USD MILLION)
TABLE 87 REST OF EUROPE: CONTACTLESS PAYMENT MARKET SIZE, BY SERVICE, 2018–2025 (USD MILLION)
TABLE 88 REST OF EUROPE: CONTACTLESS PAYMENT MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)
TABLE 89 ASIA PACIFIC: CONTACTLESS PAYMENT MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 90 ASIA PACIFIC: CONTACTLESS PAYMENT MARKET SIZE, BY HARDWARE, 2018–2025 (USD MILLION)
TABLE 91 ASIA PACIFIC: CONTACTLESS PAYMENT MARKET SIZE, BY SERVICE, 2018–2025 (USD MILLION)
TABLE 92 ASIA PACIFIC: CONTACTLESS PAYMENT MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)
TABLE 93 ASIA PACIFIC: CONTACTLESS PAYMENT MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 94 MIDDLE EAST AND AFRICA: CONTACTLESS PAYMENT MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 95 MIDDLE EAST AND AFRICA: CONTACTLESS PAYMENT MARKET SIZE, BY HARDWARE, 2018–2025 (USD MILLION)
TABLE 96 MIDDLE EAST AND AFRICA: CONTACTLESS PAYMENT MARKET SIZE, BY SERVICE, 2018–2025 (USD MILLION)
TABLE 97 MIDDLE EAST AND AFRICA: CONTACTLESS PAYMENT MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)
TABLE 98 MIDDLE EAST AND AFRICA: CONTACTLESS PAYMENT MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 99 LATIN AMERICA: CONTACTLESS PAYMENT MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 100 LATIN AMERICA: CONTACTLESS PAYMENT MARKET SIZE, BY HARDWARE, 2018–2025 (USD MILLION)
TABLE 101 LATIN AMERICA: CONTACTLESS PAYMENT MARKET SIZE, BY SERVICE, 2018–2025 (USD MILLION)
TABLE 102 LATIN AMERICA: CONTACTLESS PAYMENT MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)
TABLE 103 LATIN AMERICA: CONTACTLESS PAYMENT MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 104 EVALUATION CRITERIA
 
 
LIST OF FIGURES (38 Figures)
 
FIGURE 1 CONTACTLESS PAYMENT MARKET: RESEARCH DESIGN
FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): REVENUE OF COMPONENT OF THE CONTACTLESS PAYMENT MARKET
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 BOTTOM-UP (SUPPLY SIDE): COLLECTIVE REVENUE OF ALL OFFERINGS OF THE CONTACTLESS PAYMENT MARKET
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 TOP-DOWN (DEMAND SIDE): SHARE OF THE CONTACTLESS PAYMENT MARKET THROUGH VENDOR OFFERINGS
FIGURE 5 FACTOR ANALYSIS
FIGURE 6 COMPETITIVE LEADERSHIP MAPPING: CRITERIA WEIGHTAGE
FIGURE 7 CONTACTLESS PAYMENT MARKET TO WITNESS A STEADY GROWTH DURING THE FORECAST PERIOD
FIGURE 8 TOP 3 LEADING SEGMENTS IN THE CONTACTLESS PAYMENT MARKET IN 2020
FIGURE 9 CONTACTLESS PAYMENT MARKET: REGIONAL MARKET SCENARIO
FIGURE 10 CONTACTLESS PAYMENT MARKET, TOP 3 SEGMENTS, 2020
FIGURE 11 HARDWARE SEGMENT TO HOLD THE HIGHEST MARKET SHARE IN 2020
FIGURE 12 EVOLUTION OF PAYMENT TECHNOLOGIES FOR DELIVERING CUSTOMER CENTRIC SERVICES TO DRIVE THE GLOBAL CONTACTLESS PAYMENT MARKET
FIGURE 13 HARDWARE SEGMENT AND EUROPE TO HOLD THE HIGHEST MARKET SHARES IN 2020
FIGURE 14 ASIA PACIFIC TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 15 NORTH AMERICA AND ASIA PACIFIC TO EMERGE AS THE BEST MARKETS FOR INVESTMENTS OVER THE NEXT 5 YEARS
FIGURE 16 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: CONTACTLESS PAYMENT MARKET
FIGURE 17 SOLUTIONS SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 18 CARDS SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 19 TRANSPORTATION AND LOGISTICS SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 20 ASIA PACIFIC TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 21 EUROPE: MARKET SNAPSHOT
FIGURE 22 ASIA PACIFIC: MARKET SNAPSHOT
FIGURE 23 CONTACTLESS PAYMENT MARKET , COMPETITIVE LEADERSHIP MAPPING, 2020
FIGURE 24 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN THE CONTACTLESS PAYMENT MARKET
FIGURE 25 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN THE CONTACTLESS PAYMENT MARKET
FIGURE 26 RANKING OF KEY PLAYERS IN THE CONTACTLESS PAYMENT MARKET, 2020
FIGURE 27 GEMALTO: COMPANY SNAPSHOT
FIGURE 28 GEMALTO: SWOT ANALYSIS
FIGURE 29 INFINEON: COMPANY SNAPSHOT
FIGURE 30 INFINEON: SWOT ANALYSIS
FIGURE 31 INGENICO: COMPANY SNAPSHOT
FIGURE 32 INGENICO: SWOT ANALYSIS
FIGURE 33 WIRECARD: COMPANY SNAPSHOT
FIGURE 34 WIRECARD: SWOT ANALYSIS
FIGURE 35 GIESECKE+DEVRIENT: COMPANY SNAPSHOT
FIGURE 36 ON TRACK INNOVATIONS: COMPANY SNAPSHOT
FIGURE 37 IDENTIV: COMPANY SNAPSHOT
FIGURE 38 CPI CARD GROUP: COMPANY SNAPSHOT

The study involved four major steps to estimate the current market size for the contactless payment market. An exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakup and data triangulation methods were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet, have been referred to, to identify and collect information for the study. The secondary sources included companies’ annual reports, press releases, investor presentations, and white papers; certified publications, such as the UK Finance Limited, Forexbonuses.org, Payment Systems Regulator, and ResearchGate were referred to; and articles from recognized associations and government publishing sources.

Primary Research

The contactless payment market comprises several stakeholders, such as hardware, solution and service providers, support and maintenance service providers, manufacturing enterprises, technology consultants, system design and development vendors, and logistics and supply chain management providers. The extensive primary research was conducted to gather information, and verify and validate the critical numbers arrived at. Primary research was further conducted to identify the segmentation types; industry trends; key players; the competitive landscape of different market players; and key market dynamics, such as drivers, restraints, opportunities, challenges, industry trends, and key strategies. Following is the breakup of the primary respondents:

Contactless Payments Market

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the overall size of the contactless payment market. These methods were used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • Key players in the industry and markets have been identified through extensive secondary research.
  • The contactless payment market expenditure across regions, along with the geographic split in various segments, have been considered to arrive at the overall market size.
  • All percentage shares, splits, and breakups have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size, using the market size estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakup procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand side and supply side in the contactless payment market.

Report Objectives:

  • To define, describe, and forecast the contactless payment market by component (hardware, solutions, and services), vertical, and region
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the market growth
  • To analyze the opportunities in the market and provide details about the competitive landscape for stakeholders and market leaders
  • To forecast the market size of the market segments with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America
  • To profile the key players and comprehensively analyze their market rankings and core competencies
  • To analyze competitive developments, such as partnerships, new product launches, and mergers and acquisitions, in the contactless payment market

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)

Speak to analyst to detect blind spots in your revenue decisions by analysing interconnected unknowns around ""

Related Technologies/Products

 

Adjacent Markets

Mar. Size
2018
CAGR 2018-23

Competitive Landscape

 
 
Share your business objectives to help us evaluate impact of these interconnections on your business
Report Code
TC 2198
Published ON
Mar, 2020
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Contactless Payment Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved
...

Digital Virtual Assistant - MarketsandMarkets

Home