Global Contactless Payments Market Size, Status and Forecast 2021-2027

The mobile payment industry has evolved over the past decade with advanced technologies and innovative developments by the key players for providing ease of payment using devices such as mobile handsets, point of sale terminals, NFC chips, smart cards, and others. Contactless payment systems comprise smart cards or other devices that integrate RFID or NFC technologies for making secure and contactless payment. Unlike mobile payments that are done through the internet, contactless payments are carried out in close physical proximity preventing unauthorized access during the transaction(s).
The global contactless payments market is driven by reduced transaction time, convenience in processing low-value payments, and increased revenue opportunities. However, high costs involved for the installation of EPOS terminals and lower rate of adoption hamper the contactless payments market growth.

Market Analysis and Insights: Global Contactless Payments Market
The global Contactless Payments market size is projected to reach US$ 23410 million by 2027, from US$ 10260 million in 2020, at a CAGR of 12.0% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Contactless Payments market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Contactless Payments market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Contactless Payments market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Contactless Payments market.

Global Contactless Payments Scope and Market Size
Contactless Payments market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Contactless Payments market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
Payment Terminal Solution
Transaction Management
Security and Fraud Management
Hosted Point-of-sale
Analytics

Segment by Application
BFSI
Retail
IT & Telecom
Transportation
Hospitality
Government
Others

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
Ingenico Group
Verifone Systems
Inside Secure
On Track Innovations
Oberthur Technologies
Proxama
Wirecard
Giesecke & Devrient
Gemalto
Heartland Payment Systems