Contactless Payments Market Share, Size and Forecast By 2023

1. Contactless Payments Market GLOBAL OPPORTUNITY ANALYSIS AND INDUSTRY FORECAST 2017- 2023 KNOW MORE

2. CURRENT AND FUTURE MARKET SCENARIO • The global contactless payments market size was valued at $6,734 million in 2016, and is expected to reach at $27.23 billion by 2023. • The global smart stadium market registering a CAGR of 20.8% from 2017 to 2023. • The report presents information related to key drivers, restraints, and opportunities along with detailed impact analyses. • The current market is quantitatively analyzed from 2016 to 2023 to highlight the financial competency of the industry. • Porters five forces analysis illustrates the potency of buyers & suppliers in the global contactless payments industry.

3. FACTORS CONTRIBUTING TO MARKET GROWTH For more detail: Click Here • Integration of contactless cards with existing cards • Increased smartphone penetration • Advantages of contactless payments Consumers as well as enterprises have increasingly adopted number of ways for convenient and secure payments. One of such medium is a contactless system that has revolutionized the retail and transportation industries in the past few years. The global contactless payments market is driven by convenience in processing low-value payments, increased revenue opportunities, and reduced transaction time. However, high costs involved for the deployment of EPOS terminals and lack of trust and security concerns hamper the market growth.

4. Contactless Payments Market Segmentation • BY Device Type • Mobile Handsets • Point of Sale Terminals • NFC Chips • Smart Cards • Others • By Industry Vertical • BFSI • Retail • IT & Telecom • Transportation • Hospitality • Government • Others The global contactless payments market was led by the mobile devices segment in 2016, and is expected to continue this trend during the forecast period. However, the smart cards segment is expected to witness the highest growth, owing to rise in adoption of these cards due to advantages such as convenience and speed. In 2016, the global market was dominated by the BFSI industry, and is expected to continue this trend during the forecast period. However, the others segment is expected to witness the highest growth, owing to increase in installation of contactless readers in the premises of hospitals for convenience of both patients and doctors.

5. The mobile devices segment is expected to exhibit significant increase in the global contactless payments market during the forecast period.. In 2016, the BFSI segment accounted for the highest revenue among the other industry verticals.

6. GEOGRAPHICAL OVERVIEW • Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. • Europe dominated the global market in 2016, and is expected to continue this trend during the forecast period, owing to the growing adoption of contactless smart cards. • Asia-Pacific is expected to grow at the highest CAGR during the forecast period.

7. LEADING MARKET PLAYERS • Ingenico Group • Verifone Systems, Inc. • Inside Secure • on Track Innovations • Oberthur Technologies SA • Proxama, PLC. • Wirecard AG • Giesecke & Devrient GmbH • Gemalto N.V. • Heartland Payment Systems, Inc

8. A Report Titled “Contactless Payments Market”- Global Opportunities And Forecasts, 2017– 2023” Has Been Recently Published By Allied Market Research. It Makes An In-depth Analysis Of Current Trends, Drivers, And Restraining Factors That Affect Financial Ratios Relevant To The Industry. Company Profiles For Key Vendors In Business Builds A Comprehensive Picture Of Profitable Opportunities From Stakeholder’s Perspective. To Know More About Contactless Payments Market- Opportunities and Forecasts, 2017– 2023 https://www.alliedmarketresearch.com/contactless-payments-market Download Sample Report- https://www.alliedmarketresearch.com/request-sample/2513 Follow Allied Market Research

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