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Contactless Payment Market

Contactless Payment Market is expected to reach US$ 5,490.2 million by 2027

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Contactless Payment Market

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  1. Contactless Payment Market Market Worth US $ 5490.2BillionBy 2027 Browse Full Research Report @ https://www.alltheresearch.com/report/696/contactless-payment-market

  2. Segmentation of the Contactless Payment Report • Contactless Payment Market by Device: • Smartphones & Wearables • Smart Cards • Point-of-Sales (POS) Terminals • Contactless Payment Market by Application: • Food & Groceries • Healthcare • Restaurants & Bars • Consumer Electronics • Entertainment • Others

  3. Contactless Payment Market Summery • The global contactless payment market size was US$ 1,493.2 billion in 2020 and expected to reach US$ 5,490.2 million by 2027; this converts into a compound annual growth rate (CAGR) of 21.1% for the forecast period. • Contactless payment systems consist of several devices such as smart cards, smartphones, credit & debit cards, and others. These payments are carried out in close physical proximity ensuring security and preventing illegal access during the transactions. Factors such as increasing adoption of digital payments, technological advancements in payment devices and rising demand for mobile & wearable payment devices are boosting the growth of the contactless payment market. • On the basis of device, the smartphones & wearables segment held the largest market share in 2020, while the point-of-sales (POS) terminals segment accounted for 27.7% market share in the same year followed by the smart cards segment. • Key Findings: • Based on the device, smartphones & wearables segment accounted for the largest market share • On the basis of application, entertainment is the fastest growth segment • On the basis of region, Europe held the largest market share in the year 2020

  4. Contactless Payment Market: Key Vendors • GemaltoN.V. • Giesecke& DevrientGmbH • Visa Inc. • Heartland Payment Systems • VerifoneSystems Inc. • IngenicoGroup SA • On Track Innovations (OTI) Ltd • IDEMIA, Thales Group • WirecardAGand Among Others

  5. Major Regions Covered in Report Regional Overview & Analysis of Contactless Payment Market: • North America (US and Canada) • Europe (UK, Germany, France and Rest of Europe) • Asia Pacific (China, Japan, India and Rest of Asia Pacific) • Latin America (Brazil, Mexico and Rest of Latin America) • Middle East & Africa (GCC and Rest of Middle East & Africa) Ask for more details @ https://www.alltheresearch.com/speak-to-analyst/696

  6. Key Highlights of Contactless Payment Market Report • Overview of key market forces boosting and restraining market growth • Up-to-date analyses of market trends and technological improvements • Pin-point analyses of market competition to offer you a competitive edge • Major competitors strategies analysis • SWOT analysis of major industry segments • Detailed analyses ofContactless Payment market trends • An appropriately defined technological growth map with Covid19 impact analysis • A clear understanding of the competitive landscape and key product segments Request For Sample Copy of Report@ https://www.alltheresearch.com/sample-request/696

  7. AllTheResearch Value Proposition •  Monthly market updates for 6 months •  Online access of reports •  Options to buy sections of report •  Critically analysed research on “Quadrant Positioning” of your company. •  Syndicated report along with a supplementary report with objective-based study •  Get profiled in the reports. Expanding your visibility across our network of readers and viewers •  We provide local market data in local language on request •  A complementary co-branded white paper •  Flat consulting fee based exclusive studies. Consult at the price of syndicate •  Access to expert team for free transaction advisory service.

  8. About All The Research: AllTheResearch was formed with the aim of making market research a significant tool for managing breakthroughs in the industry. As a leading market research provider, the firm empowers its global clients with business-critical research solutions. The outcome of our study of numerous companies that rely on market research and consulting data for their decision-making made us realise, that it’s not just sheer data-points, but the right analysis that creates a difference. While some clients were unhappy with the inconsistencies and inaccuracies of data, others expressed concerns over the experience in dealing with the research-firm. Also, same-data-for-all-business roles was making research redundant. We identified these gaps and built AllTheResearch to raise the standards of research support.

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