Contactless Payments Industry Outlook and Impact Assessment of COVID-19 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Contactless Payments - Global Market Outlook (2018-2027)" report has been added to ResearchAndMarkets.com's offering.

The Global Contactless Payments market accounted for $8 billion in 2018 and is expected to reach $24.99 billion by 2027, growing at a CAGR of 13.5% during the forecast period.

While the factors such as increased customer satisfaction and improved loyalty programs, and enhanced purchase experience are driving the growth of the market. However, the high cost of deploying contactless payment technologies is restraining market growth. Moreover, the rising demand for mobile and wearable payment devices is creating ample opportunities across the globe.

Based on end-user, the retail segment is likely to have a huge demand in the forecast period due to retailers are adopting innovative technologies, like cloud computing, big data analytics, digital stores, and social networks, to increase their visibility and presence in the market. Moreover, retailers are modernizing their brick-and-mortar stores to provide improved services for customers and establish online stores to increase revenues.

By geography, Europe is estimated to grow at a significant rate due to the presence of the diverse range of countries such as UK, Spain, and Poland which are the leading countries in total contactless spending with the increasing circulation of contactless cards and terminals by card companies, such as Visa and Mastercard.

Some of the key players in Contactless Payments Market include Gemalto N.V, Giesecke& Devrient Gmbh, Verifone Systems, Inc, Ingenico Group, Wirecard AG, Heartland Payment Systems, Inc, Inside Secure, Oberthur Technologies SA, On Track Innovations, Proxama, Paycor, SumUp, Castle, Alcino, and Mobeewave.

What the report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter's five forces analysis, SWOT analysis, etc.
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Key Topics Covered

1 Executive Summary

2 Preface

3 Market Trend Analysis

3.1 Introduction

3.2 Drivers

3.3 Restraints

3.4 Opportunities

3.5 Threats

3.6 Technology Analysis

3.7 End User Analysis

3.8 Emerging Markets

3.9 Impact of COVID-19

4 Porters Five Force Analysis

4.1 Bargaining power of suppliers

4.2 Bargaining power of buyers

4.3 Threat of substitutes

4.4 Threat of new entrants

4.5 Competitive rivalry

5 Global Contactless Payments Market, By Operational Frequency

5.1 Introduction

5.2 Ultra High Frequency

5.3 High Frequency

5.4 Low Frequency

6 Global Contactless Payments Market, By Technology

6.1 Introduction

6.2 Radio Frequency Identification (RFID) Technology

6.3 Near Field Communication (NFC) Technology

6.4 Infrared (IR) Technology

6.5 Bluetooth

7 Global Contactless Payments Market, By Devices

7.1 Introduction

7.2 Stickers

7.3 Plastic Cards

7.4 Watch and Wrist Band

7.5 Key Fobs

7.6 Mobile Phones

7.7 Car Tag

7.8 Smart Cards

7.9 Mobile Handsets

8 Global Contactless Payments Market, By Component

8.1 Introduction

8.2 Solutions

8.2.1 Hosted Point-Of-Sale

8.2.2 Payment Terminal Solution

8.2.3 Transaction Management

8.2.4 Security and Fraud Management

8.2.5 Analytics

8.2.6 Data Management Solution

8.2.7 Device Management Solution

8.2.8 Payment Terminal Solution

8.3 Services

8.3.1 Support and Maintenance

8.3.2 Consulting

8.3.3 Integration and Deployment

8.3.4 Managed Services

8.3.5 Professional Services

8.3.6 Multi-channel Payment and Value-added Services

8.4 Hardware

8.4.1 Point Of Sale (POS)

8.5 Application Programing Interface (API)

8.6 Mobile Applications

8.7 Software Development Kit (SDK)

8.8 Other Components

8.8.1 Wearables

8.8.2 Readers

9 Global Contactless Payments Market, By Transaction Models

9.1 Introduction

9.2 Offline Stored Value Card

9.3 Speedpass

9.4 E-Z Pass

9.5 Europay, MasterCard and Visa (EMV) Card

9.6 Track 1 and Track 2 Data

10 Global Contactless Payments Market, By End User

10.1 Introduction

10.2 Hospitality

10.3 Government & Public Sector

10.4 Telecommunication & IT

10.5 Retail

10.6 Energy & Utilities

10.7 Healthcare

10.8 Transportation & Logistics

10.9 Banking, Financial Services and Insurance (BFSI)

10.10 Education

11 Global Contactless Payments Market, By Geography

11.1 Introduction

11.2 North America

11.3 Europe

11.4 Asia-Pacific

11.5 South America

11.6 Middle East & Africa

12 Key Developments

12.1 Agreements, Partnerships, Collaborations and Joint Ventures

12.2 Acquisitions & Mergers

12.3 New Product Launch

12.4 Expansions

12.5 Other Key Strategies

13 Company Profiling

13.1 Gemalto N.V.

13.2 Giesecke& Devrient GmbH

13.3 Verifone Systems, Inc.

13.4 Ingenico Group

13.5 Wirecard AG

13.6 Heartland Payment Systems, Inc.

13.7 Inside Secure

13.8 Oberthur Technologies S.A.

13.9 On Track Innovations

13.10 Proxama

13.11 Paycor

13.12 SumUp

13.13 Castle

13.14 Alcino

13.15 Mobeewave

For more information about this report visit https://www.researchandmarkets.com/r/qvz5q.