Contactless Payments Market Share, Size and Forecast By 2023 - PowerPoint PPT Presentation

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Contactless Payments Market Share, Size and Forecast By 2023

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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, with a CAGR of 20.8% from 2017 to 2023. – PowerPoint PPT presentation

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Title: 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
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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 Stakeholders
    Perspective.
  • To Know More About Contactless Payments Market-
    Opportunities and Forecasts, 2017 2023
    https//www.alliedmarketresearch.com/contactless-p
    ayments-market
  • Download Sample Report- https//www.alliedmarketre
    search.com/request-sample/2513
  • Follow Allied Market Research

9
ABOUT ALLIED MARKET
RESEARCH Allied Market Research (AMR) Is A
Full-service Market Research And
Business-consulting Wing Of Allied Analytics LLP
Based In Portland, Oregon. Allied Market Research
Provides Global Enterprises As Well As Medium And
Small Businesses With Unmatched Quality Of
"Market Research Reports" And "Business
Intelligence Solutions." AMR Has A Targeted View
To Provide Business Insights And Consulting To
Assist Its Clients To Make Strategic Business
Decisions And Achieve Sustainable Growth In Their
Respective Market Domain.We Are In Professional
Corporate Relations With Various Companies And
This Helps Us In Digging Out Market Data That
Helps Us Generate Accurate Research Data Tables
And Confirms Utmost Accuracy In Our Market
Forecasting. Each And Every Data Presented In The
Reports Published By Us Is Extracted Through
Primary Interviews With Top Officials From
Leading Companies Of Domain Concerned. Our
Secondary Data Procurement Methodology Includes
Deep Online And Offline Research And Discussion
With Knowledgeable Professionals And Analysts In
The Industry.
Contact David Correa5933 NE Win Sivers
Drive205, Portland, OR 97220United StatesToll
Free 1-800-792-5285UK 44-845-528-1300Hong
Kong 852-301-84916India (Pune)
91-20-66346060Fax 1-855-550-5975help_at_alliedma
rketresearch.comWeb https//www.alliedmarketrese
arch.com
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