Shimla Online

Contactless Payment Market Trends, Applications, Analysis, Growth, And Forecast To 2028 | Grand View Research, Inc.

 Breaking News
  • No posts were found

Contactless Payment Market Trends, Applications, Analysis, Growth, And Forecast To 2028 | Grand View Research, Inc.

January 18
02:48 2022
Contactless Payment Market Trends, Applications, Analysis, Growth, And Forecast To 2028 | Grand View Research, Inc.
“Grand View Research, Inc. – Market Research And Consulting.”
According to a new report published by Grand View Research, the growth can be attributed to the increasing adoption of digital payment platforms across the globe.

The global contactless payment market size is expected to reach USD 6.25 trillion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 20.3% from 2021 to 2028. Various benefits, such as improved service delivery and reduction in transaction time offered by contactless payments, are expected to propel the market growth over the forecast period.

Customers can immediately complete transactions with the tap of a card. Increasing integration of contactless payment technologies in smartphones and mobile handsets is expected to fuel the market growth. Numerous customers across the globe are purchasing services or products with the use of devices, such as wearables, key fobs, smart cards, and smartphones, among others. This, as a result, is anticipated to drive market growth over the forecast period.

Contactless payment uses Near Field Communication (NFC) and Radio-frequency Identification (RFID) technologies to facilitate easy money transactions. Various benefits, such as real-time transaction processing and secured transactions, are driving the adoption of contactless payment solutions. An increase in the adoption of technology by wholesalers or merchants for small value transactions is further expected to propel the market growth.

The outbreak of the COVID-19 pandemic is expected to favorably impact the market. The COVID-19 outbreak is anticipated to change the payment behavior by users and firms as the World Health Organization (WHO) has been guiding customers to avoid cash handling and shift to contactless payments. This is expected to create growth opportunities for the market over the forecast period.

Browse full report with Table of Content @ https://www.grandviewresearch.com/industry-analysis/contactless-payments-market

Contactless Payment Market Report Highlights

• Increasing demand for secure and reliable payment transactions across the globe is expected to propel the smart cards segment growth over the forecast period

• Numerous banks across the globe are focusing on integrating machine learning (ML), and artificial intelligence (AI) integrated security and fraud management solution to secure their payment transactions.

• The COVID-19 pandemic has inspired retailers across the globe to turn to technology to help their businesses increase productivity, plan better, and serve their customers efficiently. This, as a result, is expected to create growth opportunities for contactless payment solutions in the retail industry

• The presence of a large number of prominent market players in North America is expected to create growth opportunities for the regional market growth over the forecast period

For Requesting a Sample Copy of This Report, Please Visit @ https://www.grandviewresearch.com/industry-analysis/contactless-payments-market/request/rs1

Contactless Payment Market Segmentation

Grand View Research has segmented the global contactless payment market based on device, solution, application, and region:     

Contactless Payment Device Outlook (Transaction value, USD Billion, 2016 – 2028)    

    • Smartphones and Wearables                    

    • Point-of-Sales Terminals          

    • Smart Cards

Contactless Payment Solution Outlook (Transaction value, USD Billion, 2016 – 2028)  

    • Payment Terminal Solution

    • Transaction Management

    • Security and Fraud Management

    • Hosted Point-of-Sales

    • Analytics

Contactless Payment Application Outlook (Transaction value, USD Billion, 2016 – 2028)

    • Retail                                                                            

    • Transportation

    • Healthcare

    • Hospitality

    • Government

Contactless Payment Regional Outlook (Transaction value, USD Billion, 2016 – 2028) 

    • North America       

        • U.S.

        • Mexico  

        • Canada

    • Europe

        • Germany

        • U.K.

        • Spain

        • Italy

        • France

    • Asia Pacific

        • China

        • India

        • Japan

        • Singapore

        • Australia

        • Taiwan

        • South Korea

    • South America

        • Brazil

    • Middle East & Africa     

List of Key Players of Contactless Payment Market

    • Gemalto N.V.

    • Visa Inc.

    • Giesecke & Devrient GmbH

    • Heartland Payment Systems

    • Verifone Systems Inc.

    • Ingenico Group SA

    • On Track Innovations (OTI) Ltd

    • IDEMIA

    • Thales Group

    • Wirecard AG

Inquire more or share questions if any before the purchase on this report @ https://www.grandviewresearch.com/inquiry/2185/ibb

Browse More Related Report:

Digital Payment Market Size, Share & Trends Analysis Report By Solution, By Mode Of Payment (Point Of Sales, Digital Wallets, Net Banking), By Deployment, By Enterprise Size, By End-use, And Segment Forecasts, 2021 – 2028

About Grand View Research

Grand View Research is a market research and consulting company registered in the State of California having its headquarters in San Francisco. The company offers syndicated research reports, customized research reports, and consulting services. With Grand View Research, you get an opportunity to understand market trends, insights, and business statistics from a strategic standpoint. With a deep-seated understanding of many business environments, Grand View Research offers business and market intelligence studies and accomplishes more than 300 multi-country market studies.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/contactless-payments-market

Related Articles