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Contactless Payment Terminals Global Market Report 2022

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    Report

  • 175 Pages
  • August 2022
  • Region: Global
  • The Business Research Company
  • ID: 5640969
Major players in the contactless payment terminals market are MasterCard Inc., Visa Inc., Giesecke And Devrient GmbH, Google Inc., Apple Inc., Samsung Electronics Co. Ltd., PayPal Holdings Inc., Amazon Inc., Heartland Payment Systems, Verifone Systems Inc., Ingenico Group SA, Oberthur Technologies Morpho, Thales Group, Wirecard AG and OTI Global

The global contactless payment terminals market is expected to grow from $16.25 billion in 2021 to $19.74 billion in 2022 at a compound annual growth rate (CAGR) of 21.4%. The contactless payment terminals market is expected to grow to $43.42 billion in 2026 at a CAGR of 21.8%.

The contactless payment terminals market consists of the sales of contactless payment products and services by entities (organizations, partnerships, and sole proprietors) that facilitates a secure payment method utilizing a debit or credit card, smartcard, or another payment machine by using RFID technology and near-field communication. Contactless payment terminals are devices that facilitate electronic fund transfer in a contactless manner. To use the system, a customer taps his or her payment card near a terminal that is equipped with the technology.

The main device types for contactless payment terminals include smartphones and wearables, smart cards and point-of-sale (POS) terminals. Smartphones and wearables enable a contactless card to communicate to a reader into a tiny piece of secure digital payment system that can be invisibly integrated into a range of wearable technology. The different contactless payment terminals solution outlook includes payment terminal solution, transaction management, security and fraud management, hosted point-of-sales and analytics. The different contactless payment terminals payment modes include account-based, credit/debit card, stored value, smart card and other payment modes for applications including food and groceries, pharmacy and drug stores, restaurants and bars, consumer electronics, media and entertainment, and other applications.

Western Europe was the largest region in the contactless payment terminals market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the contactless payment terminals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The contactless payment terminals market research report is one of a series of new reports that provides contactless payment terminals market statistics, including contactless payment terminals industry global market size, regional shares, competitors with a contactless payment terminals market share, detailed contactless payment terminals market segments, market trends and opportunities, and any further data you may need to thrive in the contactless payment terminals industry. This contactless payment terminals market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The increasing popularity of contactless payments has been a major driving factor for the contactless payment terminals market. Contactless payments are gaining popularity due to their convenience and preference. As a result, wearable device manufacturers are incorporating near-field communication (NFC) technology as a standard into most gadgets to provide greater convenience by removing the need to fumble with a wallet, purse, or phone. According to the 2020 American Express Digital Payments survey, 58% of consumers who have used contactless payments in the past believe they are more willing to use them now than they have ever been. Hence, the growing popularity of contactless payments is expected to drive the market.

Technological advancements are shaping the contactless payment terminals market. Companies in the market are focusing on developing payment platforms that are better, efficient and also increase penetration and reach of contactless payments. For instance, in 2022, India-based financial technology company, Infibeam Avenues Limited (IAL) announced a no-hardware contactless mobile point of sale (POS), facilitating card payment transactions for small vendors through a tap-on-phone technology. The 'SoftPoS' technology can turn smartphones into payment terminals without additional hardware. The technology is expected to reduce costs for small and medium retailers and vendors.

In March 2022, Infibeam Avenues, a publicly-traded fintech startup, purchased payments-focused Uvik Technologies for INR 75 crore ($9.9 million) in cash and equity. Season Two Ventures, a venture capital firm, will profit from the acquisition, according to a statement. Uvik is a company that specializes in contactless payments and has developed a system that allows any smartphone to be used as a payment device. This is supposed to be a strategic deal for the company that would propel it to the next level of growth.

The countries covered in the contactless payment terminals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.




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Table of Contents

1. Executive Summary2. Contactless Payment Terminals Market Characteristics3. Contactless Payment Terminals Market Trends And Strategies4. Impact Of COVID-19 On Contactless Payment Terminals
5. Contactless Payment Terminals Market Size And Growth
5.1. Global Contactless Payment Terminals Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Contactless Payment Terminals Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Contactless Payment Terminals Market Segmentation
6.1. Global Contactless Payment Terminals Market, Segmentation By Device Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Smartphones And Wearables
  • Smart Cards
  • Point Of Sale Terminals
6.2. Global Contactless Payment Terminals Market, Segmentation By Solution Outlook , Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Payment Terminal Solution
  • Transaction Management
  • Security And Fraud Management
  • Hosted Point of Sales
  • Analytics
6.3. Global Contactless Payment Terminals Market, Segmentation By Payment Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Account based
  • Credit or Debit Card
  • Stored Value
  • Smart Card
  • Other Payment Modes
6.4. Global Contactless Payment Terminals Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Food And Groceries
  • Pharmacy And Drug Stores
  • Restaurants And Bars
  • Consumer Electronics
  • Media And Entertainment
  • Other Applications
7. Contactless Payment Terminals Market Regional And Country Analysis
7.1. Global Contactless Payment Terminals Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Contactless Payment Terminals Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Contactless Payment Terminals Market
8.1. Asia-Pacific Contactless Payment Terminals Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Contactless Payment Terminals Market, Segmentation By Device Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific Contactless Payment Terminals Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Contactless Payment Terminals Market
9.1. China Contactless Payment Terminals Market Overview
9.2. China Contactless Payment Terminals Market, Segmentation By Device Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China Contactless Payment Terminals Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Contactless Payment Terminals Market
10.1. India Contactless Payment Terminals Market, Segmentation By Device Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India Contactless Payment Terminals Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Contactless Payment Terminals Market
11.1. Japan Contactless Payment Terminals Market, Segmentation By Device Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan Contactless Payment Terminals Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Contactless Payment Terminals Market
12.1. Australia Contactless Payment Terminals Market, Segmentation By Device Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia Contactless Payment Terminals Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Contactless Payment Terminals Market
13.1. Indonesia Contactless Payment Terminals Market, Segmentation By Device Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia Contactless Payment Terminals Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Contactless Payment Terminals Market
14.1. South Korea Contactless Payment Terminals Market, Segmentation By Device Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea Contactless Payment Terminals Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Contactless Payment Terminals Market
15.1. Western Europe Contactless Payment Terminals Market Overview
15.2. Western Europe Contactless Payment Terminals Market, Segmentation By Device Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe Contactless Payment Terminals Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Contactless Payment Terminals Market
16.1. UK Contactless Payment Terminals Market, Segmentation By Device Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK Contactless Payment Terminals Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Contactless Payment Terminals Market
17.1. Germany Contactless Payment Terminals Market, Segmentation By Device Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany Contactless Payment Terminals Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Contactless Payment Terminals Market
18.1. France Contactless Payment Terminals Market, Segmentation By Device Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.2. France Contactless Payment Terminals Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Contactless Payment Terminals Market
19.1. Eastern Europe Contactless Payment Terminals Market Overview
19.2. Eastern Europe Contactless Payment Terminals Market, Segmentation By Device Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe Contactless Payment Terminals Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Contactless Payment Terminals Market
20.1. Russia Contactless Payment Terminals Market, Segmentation By Device Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia Contactless Payment Terminals Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Contactless Payment Terminals Market
21.1. North America Contactless Payment Terminals Market Overview
21.2. North America Contactless Payment Terminals Market, Segmentation By Device Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America Contactless Payment Terminals Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Contactless Payment Terminals Market
22.1. USA Contactless Payment Terminals Market Overview
22.2. USA Contactless Payment Terminals Market, Segmentation By Device Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA Contactless Payment Terminals Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Contactless Payment Terminals Market
23.1. South America Contactless Payment Terminals Market Overview
23.2. South America Contactless Payment Terminals Market, Segmentation By Device Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America Contactless Payment Terminals Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Contactless Payment Terminals Market
24.1. Brazil Contactless Payment Terminals Market, Segmentation By Device Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil Contactless Payment Terminals Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Contactless Payment Terminals Market
25.1. Middle East Contactless Payment Terminals Market Overview
25.2. Middle East Contactless Payment Terminals Market, Segmentation By Device Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East Contactless Payment Terminals Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Contactless Payment Terminals Market
26.1. Africa Contactless Payment Terminals Market Overview
26.2. Africa Contactless Payment Terminals Market, Segmentation By Device Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa Contactless Payment Terminals Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Contactless Payment Terminals Market Competitive Landscape And Company Profiles
27.1. Contactless Payment Terminals Market Competitive Landscape
27.2. Contactless Payment Terminals Market Company Profiles
27.2.1. MasterCard Inc
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Visa Inc
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Giesecke and Devrient GmbH
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Google Inc
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Apple Inc
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Contactless Payment Terminals Market29. Contactless Payment Terminals Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright And Disclaimer

Executive Summary

Contactless Payment Terminals Global Market Report 2022 provides the strategists, marketers and senior management with the critical information they need to assess the global contactless payment terminals market.

This report focuses on contactless payment terminals market which is experiencing strong growth. The report gives a guide to the contactless payment terminals market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:


Where is the largest and fastest growing market for the contactless payment terminals? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Contactless Payment Terminals market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider contactless payment terminals market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The contactless payment terminals market section of the report gives context. It compares the contactless payment terminals market with other segments of the contactless payment terminals market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, contactless payment terminals indicators comparison.

Scope


Markets Covered:

1) By Device Type: Smartphones And Wearables; Smart Cards; Point-of-sale (POS) Terminals
2) By Solution Outlook: Payment Terminal Solution; Transaction Management; Security And Fraud Management; Hosted Point-of-Sales; Analytics
3) By Payment Mode: Account-Based; Credit/Debit Card; Stored Value; Smart Card; Other Payment Modes
4) By Application: Food And Groceries; Pharmacy And Drug Stores; Restaurants And Bars; Consumer Electronics; Media And Entertainment; Other Applications

Companies Mentioned: MasterCard Inc.; Visa Inc.; Giesecke And Devrient GmbH; Google Inc.; Apple Inc.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • MasterCard Inc.
  • Visa Inc.
  • Giesecke And Devrient GmbH
  • Google Inc.
  • Apple Inc.
  • Samsung Electronics Co. Ltd.
  • PayPal Holdings Inc.
  • Amazon Inc.
  • Heartland Payment Systems
  • Verifone Systems Inc.
  • Ingenico Group SA
  • Oberthur Technologies Morpho
  • Thales Group
  • Wirecard AG
  • OTI Global

Methodology

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