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Contactless Payment Market by Device Type and Application: Global Opportunity Analysis and Industry Forecast, 2020-2027

  • ID: 5306507
  • Report
  • December 2020
  • Region: Global
  • 228 Pages
  • Allied Analytics LLP
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The contactless payment system is protected by multiple layers of security in coordination with Radio-frequency Identification (RFID) and Near Field Communication (NFC) technologies for making a secure payment. In addition, it enables the tapping of contactless cards or payment-enabled devices for executive payments. Moreover, contactless payments are used in BFSI, retails, energy & utilities, and a number of other sectors due to benefits offered by this technology, including reduced transaction time, increased convenience, and leveraging customers experience at POS terminal during the transaction.

The rise in smartphone penetration increased convenience & reduced transaction time provided by contactless payments, and increased demand for mobile & wearable payment devices boost the market growth. However, difficulties in process of replacement of POS terminal, lack of consumer awareness, and security issues associated with technology hamper the market growth. Moreover, integration of IoT and contactless payments technology, and increase in the adoption in emerging economies are expected to boost the market growth in the coming years.

The contactless payment industry is segmented on the basis of device type, application, and region. By device type, the market is divided into smartphones & wearables, smart cards and point-of-sale (POS) terminals. In terms of application, it is bifurcated into food & groceries, pharmacy & drug stores, restaurants & bars, consumer electronics, media & entertainment and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The report analyses the profiles of key players operating in the market include Gemalto, Giesecke+Devrient, Ingenico, InsideSecure, Oberthur Technologies S.A., On Track Innovations, PAX Technology, Inc., Proxama Plc, Verifone, and Wirecard. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

Key benefits for Stakeholders

  • The study provides an in-depth analysis of the global contactless payment market along with the current & future trends to illustrate the imminent investment pockets.
  • Information about key drivers, restraints & opportunities and their impact analysis on the market size are provided in the report.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
  • The quantitative analysis of the global contactless payment market from 2020 to 2027 is provided to determine the market potential.

Key Market Segments

Key Market Segments

By Device Type

  • Smartphones & Wearables
  • Smart Cards
  • Point-of-sale (POS) Terminals

By Application

  • Food & Groceries
  • Pharmacy & Drug Stores
  • Restaurants & Bars
  • Consumer Electronics
  • Media & Entertainment
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Spain
  • Russia
  • Netherlands
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Singapore
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • Gemalto
  • Giesecke+Devrient
  • Ingenico
  • InsideSecure
  • Oberthur Technologies S.A.
  • On Track Innovations
  • PAX Technology, Inc.
  • Proxama Plc
  • Verifone
  • Wirecard
Note: Product cover images may vary from those shown
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CHAPTER 1: INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. Key Market Segments
1.3. Key benefits
1.4. RESEARCH METHODOLOGY
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE

CHAPTER 3: MARKET LANDSCAPE
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. PORTER'S FIVE FORCES ANALYSIS
3.3.1. Bargaining power of suppliers
3.3.2. Threat of new entrants
3.3.3. Threat of substitutes
3.3.4. Competitive rivalry
3.3.5. Bargaining power among buyers
3.4. MARKET SHARE ANALYSIS/TOP PLAYER POSITIONING
3.5. MARKET DYNAMicS
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 IMPACT ANALYSIS ON CONTACTLESS PAYMENT MARKET
3.6.1. Impact on contactless payment market size
3.6.2. Change in consumer trends, preferences, and budget impact due to COVID-19
3.6.3. Framework for solving market challenges faced by contactless payment solution providers
3.6.4. Economic impact on contactless payment solution providers
3.6.5. Key player strategies to tackle the negative impact
3.6.6. Opportunity window analysis for contactless payment providers

CHAPTER 4: CONTACTLESS PAYMENT MARKET BY DEVicE TYPE
4.1. OVERVIEW
4.2. SMARTPHONES & WEARABLES
4.2.1. Key market trends, Growth factors and opportunities
4.2.2. Market size and forecast by region
4.2.3. Market analysis by country
4.3. SMART CARDS
4.3.1. Key market trends, Growth factors and opportunities
4.3.2. Market size and forecast by region
4.3.3. Market analysis by country
4.4. POS TERMINALS
4.4.1. Key market trends, Growth factors and opportunities
4.4.2. Market size and forecast by region
4.4.3. Market analysis by country

CHAPTER 5: CONTACTLESS PAYMENT MARKET BY APPLICATION
5.1. OVERVIEW
5.2. FOOD & GROCERIES
5.2.1. Key market trends, Growth factors and opportunities
5.2.2. Market size and forecast by region
5.2.3. Market analysis by country
5.3. PHARMACY & DRUG STORES
5.3.1. Key market trends, Growth factors and opportunities
5.3.2. Market size and forecast by region
5.3.3. Market analysis by country
5.4. RESTAURANTS & BARS
5.4.1. Key market trends, Growth factors and opportunities
5.4.2. Market size and forecast by region
5.4.3. Market analysis by country
5.5. CONSUMER ELECTRONicS
5.5.1. Key market trends, Growth factors and opportunities
5.5.2. Market size and forecast by region
5.5.3. Market analysis by country
5.6. MEDIA & ENTERTAINMENT
5.6.1. Key market trends, Growth factors and opportunities
5.6.2. Market size and forecast by region
5.6.3. Market analysis by country
5.7. OTHERS
5.7.1. Key market trends, Growth factors and opportunities
5.7.2. Market size and forecast by region
5.7.3. Market analysis by country

CHAPTER 6: CONTACTLESS PAYMENT MARKET BY REGION
6.1. OVERVIEW
6.2. NORTH AMERicA
6.2.1. Key market trends and opportunities
6.2.2. Market size and forecast by Device Type
6.2.3. Market size and forecast by Application
6.2.4. Market size and forecast by Country
6.2.5. U.S. CONTACTLESS PAYMENT MARKET
6.2.5.1. Market size and forecast by Device Type
6.2.5.2. Market size and forecast by Application
6.2.6. CANADA CONTACTLESS PAYMENT MARKET
6.2.6.1. Market size and forecast by Device Type
6.2.6.2. Market size and forecast by Application
6.3. EUROPE
6.3.1. Key market trends and opportunities
6.3.2. Market size and forecast by Device Type
6.3.3. Market size and forecast by Application
6.3.4. Market size and forecast by Country
6.3.5. UK CONTACTLESS PAYMENT MARKET
6.3.5.1. Market size and forecast by Device Type
6.3.5.2. Market size and forecast by Application
6.3.6. GERMANY CONTACTLESS PAYMENT MARKET
6.3.6.1. Market size and forecast by Device Type
6.3.6.2. Market size and forecast by Application
6.3.7. FRANCE CONTACTLESS PAYMENT MARKET
6.3.7.1. Market size and forecast by Device Type
6.3.7.2. Market size and forecast by Application
6.3.8. SPAIN CONTACTLESS PAYMENT MARKET
6.3.8.1. Market size and forecast by Device Type
6.3.8.2. Market size and forecast by Application
6.3.9. RUSSIA CONTACTLESS PAYMENT MARKET
6.3.9.1. Market size and forecast by Device Type
6.3.9.2. Market size and forecast by Application
6.3.10. NETHERLANDS CONTACTLESS PAYMENT MARKET
6.3.10.1. Market size and forecast by Device Type
6.3.10.2. Market size and forecast by Application
6.3.11. REST OF EUROPE CONTACTLESS PAYMENT MARKET
6.3.11.1. Market size and forecast by Device Type
6.3.11.2. Market size and forecast by Application
6.4. ASIA-PACIFic
6.4.1. Key market trends and opportunities
6.4.2. Market size and forecast by Device Type
6.4.3. Market size and forecast by Application
6.4.4. Market size and forecast by Country
6.4.5. CHINA CONTACTLESS PAYMENT MARKET
6.4.5.1. Market size and forecast by Device Type
6.4.5.2. Market size and forecast by Application
6.4.6. INDIA CONTACTLESS PAYMENT MARKET
6.4.6.1. Market size and forecast by Device Type
6.4.6.2. Market size and forecast by Application
6.4.7. JAPAN CONTACTLESS PAYMENT MARKET
6.4.7.1. Market size and forecast by Device Type
6.4.7.2. Market size and forecast by Application
6.4.8. AUSTRALIA CONTACTLESS PAYMENT MARKET
6.4.8.1. Market size and forecast by Device Type
6.4.8.2. Market size and forecast by Application
6.4.9. SINGAPORE CONTACTLESS PAYMENT MARKET
6.4.9.1. Market size and forecast by Device Type
6.4.9.2. Market size and forecast by Application
6.4.10. REST OF ASIA-PACIFic CONTACTLESS PAYMENT MARKET
6.4.10.1. Market size and forecast by Device Type
6.4.10.2. Market size and forecast by Application
6.5. LAMEA
6.5.1. Key market trends and opportunities
6.5.2. Market size and forecast by Device Type
6.5.3. Market size and forecast by Application
6.5.4. Market size and forecast by Country
6.5.5. LATIN AMERicA CONTACTLESS PAYMENT MARKET
6.5.5.1. Market size and forecast by Device Type
6.5.5.2. Market size and forecast by Application
6.5.6. MIDDLE EAST CONTACTLESS PAYMENT MARKET
6.5.6.1. Market size and forecast by Device Type
6.5.6.2. Market size and forecast by Application
6.5.7. AFRicA CONTACTLESS PAYMENT MARKET
6.5.7.1. Market size and forecast by Device Type
6.5.7.2. Market size and forecast by Application

CHAPTER 7: COMPANY PROFILES
7.1. GEMALTO
7.1.1. Company overview
7.1.2. Key Executives
7.1.3. Company snapshot
7.1.4. Operating business segments
7.1.5. Product portfolio
7.1.6. Business performance
7.1.7. Key strategic moves and developments
7.2. GIESECKE+DEVRIENT
7.2.1. Company overview
7.2.2. Key Executives
7.2.3. Company snapshot
7.2.4. Operating business segments
7.2.5. Product portfolio
7.2.6. Business performance
7.2.7. Key strategic moves and developments
7.3. INGENicO
7.3.1. Company overview
7.3.2. Key Executives
7.3.3. Company snapshot
7.3.4. Operating business segments
7.3.5. Product portfolio
7.3.6. Business performance
7.3.7. Key strategic moves and developments
7.4. INSIDESECURE
7.4.1. Company overview
7.4.2. Key Executives
7.4.3. Company snapshot
7.4.4. Operating business segments
7.4.5. Product portfolio
7.4.6. Business performance
7.4.7. Key strategic moves and developments
7.5. OBERTHUR TECHNOLOGIES S. A.
7.5.1. Company overview
7.5.2. Key Executives
7.5.3. Company snapshot
7.5.4. Operating business segments
7.5.5. Product portfolio
7.5.6. Business performance
7.5.7. Key strategic moves and developments
7.6. ON TRACK INNOVATIONS
7.6.1. Company overview
7.6.2. Key Executives
7.6.3. Company snapshot
7.6.4. Operating business segments
7.6.5. Product portfolio
7.6.6. Business performance
7.6.7. Key strategic moves and developments
7.7. PAX TECHNOLOGY, INC.
7.7.1. Company overview
7.7.2. Key Executives
7.7.3. Company snapshot
7.7.4. Operating business segments
7.7.5. Product portfolio
7.7.6. Business performance
7.7.7. Key strategic moves and developments
7.8. PROXAMA PLC
7.8.1. Company overview
7.8.2. Key Executives
7.8.3. Company snapshot
7.8.4. Operating business segments
7.8.5. Product portfolio
7.8.6. Business performance
7.8.7. Key strategic moves and developments
7.9. VERIFONE
7.9.1. Company overview
7.9.2. Key Executives
7.9.3. Company snapshot
7.9.4. Operating business segments
7.9.5. Product portfolio
7.9.6. Business performance
7.9.7. Key strategic moves and developments
7.10. WIRECARD
7.10.1. Company overview
7.10.2. Key Executives
7.10.3. Company snapshot
7.10.4. Operating business segments
7.10.5. Product portfolio
7.10.6. Business performance
7.10.7. Key strategic moves and developments

List of Tables
Table 1. Global Contactless Payment Market, by Device Type 2019-2027 ($Million)
Table 2. Contactless Payment Market for Smartphones Wearables, by Region, 2019-2027 ($Million)
Table 3. Contactless Payment Market for Smart Cards, by Region, 2019-2027 ($Million)
Table 4. Contactless Payment Market for Pos Terminals, by Region, 2019-2027 ($Million)
Table 5. Global Contactless Payment Market, by Application 2019-2027 ($Million)
Table 6. Contactless Payment Market for Food & Groceries, by Region, 2019-2027 ($Million)
Table 7. Contactless Payment Market for Pharmacy & Drug Stores, by Region, 2019-2027 ($Million)
Table 8. Contactless Payment Market for Restaurants & Bars, by Region, 2019-2027 ($Million)
Table 9. Contactless Payment Market for Consumer Electronics, by Region, 2019-2027 ($Million)
Table 10. Contactless Payment Market for Media & Entertainment, by Region, 2019-2027 ($Million)
Table 11. Contactless Payment Market for Others, by Region, 2019-2027 ($Million)
Table 12. Contactless Payment Market For, by Region, 2019-2027 ($Million)
Table 13. North America Contactless Payment, by Device Type 2019-2027 ($Million)
Table 14. North America Contactless Payment, by Application 2019-2027 ($Million)
Table 15. North America Contactless Payment, by Region, 2019-2027 ($Million)
Table 16. Europe Contactless Payment, by Device Type 2019-2027 ($Million)
Table 17. Europe Contactless Payment, by Application 2019-2027 ($Million)
Table 18. Europe Contactless Payment, by Region, 2019-2027 ($Million)
Table 19. Asia-Pacific Contactless Payment, by Device Type 2019-2027 ($Million)
Table 20. Asia-Pacific Contactless Payment, by Application 2019-2027 ($Million)
Table 21. Asia-Pacific Contactless Payment, by Region, 2019-2027 ($Million)
Table 22. Lamea Contactless Payment, by Device Type 2019-2027 ($Million)
Table 23. Lamea Contactless Payment, by Application 2019-2027 ($Million)
Table 24. Lamea Contactless Payment, by Region, 2019-2027 ($Million)
Table 25. Gemalto: Company Snapshot
Table 26. Gemalto: Operating Segments
Table 27. Giesecke+Devrient: Company Snapshot
Table 28. Giesecke+Devrient: Operating Segments
Table 29. Ingenico: Company Snapshot
Table 30. Ingenico: Operating Segments
Table 31. Insidesecure: Company Snapshot
Table 32. Insidesecure: Operating Segments
Table 33. Oberthur Technologies S. A: Company Snapshot
Table 34. Oberthur Technologies S. A: Operating Segments
Table 35. On Track Innovations: Company Snapshot
Table 36. On Track Innovations: Operating Segments
Table 37. Pax Technology, Inc: Company Snapshot
Table 38. Pax Technology, Inc: Operating Segments
Table 39. Proxama plc: Company Snapshot
Table 40. Proxama plc: Operating Segments
Table 41. Verifone: Company Snapshot
Table 42. Verifone: Operating Segments
Table 43. Wirecard: Company Snapshot
Table 44. Wirecard: Operating Segments

List of Figures

Figure 1. Global Contactless Payment Market Segmentation
Figure 2. Top Investment Pocket
Figure 3. Top Winning Strategies (%)
Figure 4. Contactless Payment Market for Smartphones Wearables, 2019-2027 ($Million)
Figure 5. Contactless Payment Market for Smart Cards, 2019-2027 ($Million)
Figure 6. Contactless Payment Market for Pos Terminals, 2019-2027 ($Million)
Figure 7. Contactless Payment Market for Food & Groceries, 2019-2027 ($Million)
Figure 8. Contactless Payment Market for Pharmacy & Drug Stores, 2019-2027 ($Million)
Figure 9. Contactless Payment Market for Restaurants & Bars, 2019-2027 ($Million)
Figure 10. Contactless Payment Market for Consumer Electronics, 2019-2027 ($Million)
Figure 11. Contactless Payment Market for Media & Entertainment, 2019-2027 ($Million)
Figure 12. Contactless Payment Market for Others, 2019-2027 ($Million)
Figure 13. Global Contactless Payment, by Region, 2019 (%)
Figure 14. U.S. Contactless Payment Market, 2019-2027 ($Million)
Figure 15. Canada Contactless Payment Market, 2019-2027 ($Million)
Figure 16. UK Contactless Payment Market, 2019-2027 ($Million)
Figure 17. Germany Contactless Payment Market, 2019-2027 ($Million)
Figure 18. France Contactless Payment Market, 2019-2027 ($Million)
Figure 19. Spain Contactless Payment Market, 2019-2027 ($Million)
Figure 20. Russia Contactless Payment Market, 2019-2027 ($Million)
Figure 21. Netherlands Contactless Payment Market, 2019-2027 ($Million)
Figure 22. Rest of Europe Contactless Payment Market, 2019-2027 ($Million)
Figure 23. China Contactless Payment Market, 2019-2027 ($Million)
Figure 24. India Contactless Payment Market, 2019-2027 ($Million)
Figure 25. Japan Contactless Payment Market, 2019-2027 ($Million)
Figure 26. Australia Contactless Payment Market, 2019-2027 ($Million)
Figure 27. Singapore Contactless Payment Market, 2019-2027 ($Million)
Figure 28. Rest of Asia-Pacific Contactless Payment Market, 2019-2027 ($Million)
Figure 29. Latin America Contactless Payment Market, 2019-2027 ($Million)
Figure 30. Middle East Contactless Payment Market, 2019-2027 ($Million)
Figure 31. Africa Contactless Payment Market, 2019-2027 ($Million)
Note: Product cover images may vary from those shown
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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