Germany contactless payment market is anticipated to grow at a CAGR 15.4% during the forecast period.
Germany is one of the leading markets for ICT (Information and Communication Technologies) sector. Well-established ICT sector supports the number of opportunities for ICT market players to emerge in advanced technologies such as digital payment services. Major IT sector companies such as IBM, Google, Microsoft, and SAP are the leading ICT market players in the country. Due to favorable government policies, Germany has substantial capital investments in the ICT sector.
The economic and technical policies are focused on the digital economy, e-infrastructure, digital public administration, and internet-oriented workplace, the involvement of internet services in finance, education, science, and research. Security, protection, speed, and transparency through internet services are adding a significant amount of government's efforts in the digitalization. Policies such as GDPR (General Data Protection Regulation) and EU Digital Single Market are continuously increasing demand for ICT market. According to the US Department of Commerce, Germany's ICT market is valued at $211 million in 2017 with an increase of 6% as compared to 2016.
Therefore, with the emergence of the digital economy in the country, the demand for secure and fast financial services is increasing. NFC-based payments are considered as a reliable and secured method for financial transactions. However, with the digital economy, the number of cyber threats is estimated to increase substantially. Therefore, cyber threats act as a challenge in the adoption of digital payment methods. Despite the challenges, contactless payments require smart gadgets such as smartphones, smart watches, smart cards, and others, thus, the source of payment is easily available in the country as German population is highly exposed to the smart devices.
This report covers:
- A comprehensive research methodology of the Germany Contactless Payment market.
- A detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Germany Contactless Payment market.
- Insights about market determinants which are stimulating the Germany Contactless Payment market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Key Topics Covered
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Competitive Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
4. Market Determinants
5. Market Segmentation
5.1. Germany Contactless Payment Market by Device
5.1.2. Smart Cards
5.1.3. Point of Sale Terminals
5.2. Germany Contactless Payment Market by End-user
6. Company Profiles
6.1. Gemalto N.V.
6.2. Giesecke+Devrient GmbH
6.3. IBM Corp.
6.4. Infineon Technologies AG
6.5. Ingenico Group S.A.
6.6. Prepay Solutions
6.7. Thales Group
6.8. Verifone Systems, Inc.
6.9. VISA, Inc.
6.10. Wirecard AG
For more information about this report visit https://www.researchandmarkets.com/r/xd5sa2