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PUBLISHER: Acute Market Insights Private Limited | PRODUCT CODE: 1130002

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PUBLISHER: Acute Market Insights Private Limited | PRODUCT CODE: 1130002

Contactless Payment Transaction Market - Growth, Future Prospects and Competitive Analysis, 2022 - 2030

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Rising Internet Penetration Worldwide to give Boost to the Contactless Payment Transaction Market

The contactless payment transaction market worldwide is expected to grow with a CAGR of 43.7% during the forecast period from 2022 to 2030, starting from US$ 39.84 Bn in 2021. Rising adoption of cashless transaction and growing internet penetration will drive the contactless payment transaction market worldwide. Introduction of new technologies such as NFC or RFID for safe and secure payments are one of the key factors for the market growth. Increasing adoption of smart devices includes smart watches, tablets, smartphones and others is one of the important factor for the market growth. Therefore, we suppose that the market will show huge growth throughout the forecast period.

Retail Industry to Continue Leading the Market

The contactless payment transaction market by end-use was dominated by retail segment in 2021. The retail segment garnered around 1/3rd market share in the same year. Rising retail industry worldwide is one of the major factor for the dominance of the segment. The global retail industry to grow at a CAGR of nearly 5.5% in years to come. Need for safe, secure, swift and easy access payment in the industry is one of the major factor for the segment growth. Rising e-commerce industry worldwide will also boost the segment growth in years to come. Subsequently, we are expecting that the retail segment will continue its majority stake in the contact payment transaction market.

Asia Pacific to be the Fastest Growing Region

In 2021, the contactless payment transaction market was led by North America and Europe with combined share of around 68% of the total revenue worldwide. North America and Europe are dominant owing to the highest internet penetration and early technological adoption, especially in terms of digital payment. Growing adoption of smart devices in these regions is another factor for their dominance. On the other flip of the coin, Asia Pacific will show fastest growth owing to rising internet penetration, growing disposable income, and increased government investments for digitization. As a result, we suppose that the region will show fastest growth during the forecast period.

Some of the prominent players operating in the contactless payment transaction market: Gemalto N.V., Group, Apple Inc., Giesecke & Devrient GmbH, Heartland Payment Systems, Inc., Ingenico Group, Inside Secure, On Track Innovations Ltd., Samsung Electronics Ltd., Verifone Systems, Inc. among others.

Historical & Forecast Period:

This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Contactless Payment Transaction market are as follows:

  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Contactless Payment Transaction market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

ATTRIBUTE DETAILS

  • Research Period: 2020-2030
  • Base Year: 2021
  • Forecast Period: 2022-2030
  • Historical Year: 2020
  • Unit: USD Million

Segmentation

Mode of Payment

  • Wearable Devices
  • Contactless Mobile Payment
  • Contactless Card (NFC/RFID)

End-use

  • Transport
  • Media & Entertainment
  • Hospitality
  • Healthcare
  • Retail
  • Others (Government, Energy & Utilities, etc.)

Region Segment (2020-2030; US$ Million)

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • UK and European Union
    • UK
    • Germany
    • Spain
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa

Global Impact of COVID-19 Segment (2020-2021; US$ Million )

  • Pre COVID-19 situation
  • Post COVID-19 situation

Key questions answered in this report:

  • What are the key micro and macro environmental factors that are impacting the growth of Contactless Payment Transaction market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2030.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Contactless Payment Transaction market?
  • Which is the largest regional market for Contactless Payment Transaction market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Contactless Payment Transaction market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Contactless Payment Transaction market worldwide?
Product Code: 138742-05-22

Table of Contents

1. Preface

  • 1.1. Report Description
    • 1.1.1. Purpose of the Report
    • 1.1.2. Target Audience
    • 1.1.3. Key Offerings
  • 1.2. Market Segmentation
  • 1.3. Research Methodology
    • 1.3.1. Phase I - Secondary Research
    • 1.3.2. Phase II - Primary Research
    • 1.3.3. Phase III - Expert Panel Review
    • 1.3.4. Assumptions
    • 1.3.5. Approach Adopted

2. Executive Summary

  • 2.1. Market Snapshot: Global Contactless Payment Transaction Market
  • 2.2. Global Contactless Payment Transaction Market, By Mode of Payment, 2021 (US$ Million)
  • 2.3. Global Contactless Payment Transaction Market, By End-use, 2021 (US$ Million)
  • 2.4. Global Contactless Payment Transaction Market, By Geography, 2021 (US$ Million)
  • 2.5. Impact of Covid 19
  • 2.6. Attractive Investment Proposition by Geography, 2021
  • 2.7. Competitive Analysis
    • 2.7.1. Market Positioning of Key Contactless Payment Transaction Market Vendors
    • 2.7.2. Strategies Adopted by Contactless Payment Transaction Market Vendors
    • 2.7.3. Key Industry Strategies

3. Contactless Payment Transaction Market: Business Outlook & Market Dynamics

  • 3.1. Introduction
  • 3.2. Global Contactless Payment Transaction Market Value, 2020 - 2030, (US$ Million)
  • 3.3. Market Dynamics
    • 3.3.1. Market Drivers
    • 3.3.2. Market Restraints
    • 3.3.3. Key Challenges
    • 3.3.4. Key Opportunities
  • 3.4. Impact Analysis of Drivers and Restraints
  • 3.5. See-Saw Analysis
  • 3.6. Porter's Five Force Model
    • 3.6.1. Supplier Power
    • 3.6.2. Buyer Power
    • 3.6.3. Threat Of Substitutes
    • 3.6.4. Threat Of New Entrants
    • 3.6.5. Competitive Rivalry
  • 3.7. PESTEL Analysis
    • 3.7.1. Political Landscape
    • 3.7.2. Economic Landscape
    • 3.7.3. Technology Landscape
    • 3.7.4. Legal Landscape
    • 3.7.5. Social Landscape

4. Contactless Payment Transaction Market: By Mode of Payment, 2020-2030, USD (Million)

  • 4.1. Market Overview
  • 4.2. Growth & Revenue Analysis: 2021 Versus 2030
  • 4.3. Market Segmentation
    • 4.3.1. Wearable Devices
    • 4.3.2. Contactless Mobile Payment
    • 4.3.3. Contactless Card (NFC/RFID)

5. Contactless Payment Transaction Market: By End-use, 2020-2030, USD (Million)

  • 5.1. Market Overview
  • 5.2. Growth & Revenue Analysis: 2021 Versus 2030
  • 5.3. Market Segmentation
    • 5.3.1. Transport
    • 5.3.2. Media & Entertainment
    • 5.3.3. Hospitality
    • 5.3.4. Healthcare
    • 5.3.5. Retail
    • 5.3.6. Others (Government, Energy & Utilities, etc.)

6. North America Contactless Payment Transaction Market, 2020-2030, USD (Million)

  • 6.1. Market Overview
  • 6.2. Contactless Payment Transaction Market: By Mode of Payment, 2020-2030, USD (Million)
  • 6.3. Contactless Payment Transaction Market: By End-use, 2020-2030, USD (Million)
  • 6.4.Contactless Payment Transaction Market: By Region, 2020-2030, USD (Million)
    • 6.4.1.North America
      • 6.4.1.1. U.S.
      • 6.4.1.2. Canada
      • 6.4.1.3. Rest of North America

7. UK and European Union Contactless Payment Transaction Market, 2020-2030, USD (Million)

  • 7.1. Market Overview
  • 7.2. Contactless Payment Transaction Market: By Mode of Payment, 2020-2030, USD (Million)
  • 7.3. Contactless Payment Transaction Market: By End-use, 2020-2030, USD (Million)
  • 7.4.Contactless Payment Transaction Market: By Region, 2020-2030, USD (Million)
    • 7.4.1.UK and European Union
      • 7.4.1.1. UK
      • 7.4.1.2. Germany
      • 7.4.1.3. Spain
      • 7.4.1.4. Italy
      • 7.4.1.5. France
      • 7.4.1.6. Rest of Europe

8. Asia Pacific Contactless Payment Transaction Market, 2020-2030, USD (Million)

  • 8.1. Market Overview
  • 8.2. Contactless Payment Transaction Market: By Mode of Payment, 2020-2030, USD (Million)
  • 8.3. Contactless Payment Transaction Market: By End-use, 2020-2030, USD (Million)
  • 8.4.Contactless Payment Transaction Market: By Region, 2020-2030, USD (Million)
    • 8.4.1.Asia Pacific
      • 8.4.1.1. China
      • 8.4.1.2. Japan
      • 8.4.1.3. India
      • 8.4.1.4. Australia
      • 8.4.1.5. South Korea
      • 8.4.1.6. Rest of Asia Pacific

9. Latin America Contactless Payment Transaction Market, 2020-2030, USD (Million)

  • 9.1. Market Overview
  • 9.2. Contactless Payment Transaction Market: By Mode of Payment, 2020-2030, USD (Million)
  • 9.3. Contactless Payment Transaction Market: By End-use, 2020-2030, USD (Million)
  • 9.4.Contactless Payment Transaction Market: By Region, 2020-2030, USD (Million)
    • 9.4.1.Latin America
      • 9.4.1.1. Brazil
      • 9.4.1.2. Mexico
      • 9.4.1.3. Rest of Latin America

10. Middle East and Africa Contactless Payment Transaction Market, 2020-2030, USD (Million)

  • 10.1. Market Overview
  • 10.2. Contactless Payment Transaction Market: By Mode of Payment, 2020-2030, USD (Million)
  • 10.3. Contactless Payment Transaction Market: By End-use, 2020-2030, USD (Million)
  • 10.4.Contactless Payment Transaction Market: By Region, 2020-2030, USD (Million)
    • 10.4.1.Middle East and Africa
      • 10.4.1.1. GCC
      • 10.4.1.2. Africa
      • 10.4.1.3. Rest of Middle East and Africa

11. Company Profile

  • 11.1. Gemalto N.V., Group
    • 11.1.1. Company Overview
    • 11.1.2. Financial Performance
    • 11.1.3. Product Portfolio
    • 11.1.4. Strategic Initiatives
  • 11.2. Apple Inc.
    • 11.2.1. Company Overview
    • 11.2.2. Financial Performance
    • 11.2.3. Product Portfolio
    • 11.2.4. Strategic Initiatives
  • 11.3. Giesecke & Devrient GmbH
    • 11.3.1. Company Overview
    • 11.3.2. Financial Performance
    • 11.3.3. Product Portfolio
    • 11.3.4. Strategic Initiatives
  • 11.4. Heartland Payment Systems, Inc.
    • 11.4.1. Company Overview
    • 11.4.2. Financial Performance
    • 11.4.3. Product Portfolio
    • 11.4.4. Strategic Initiatives
  • 11.5. Ingenico Group
    • 11.5.1. Company Overview
    • 11.5.2. Financial Performance
    • 11.5.3. Product Portfolio
    • 11.5.4. Strategic Initiatives
  • 11.6. Inside Secure
    • 11.6.1. Company Overview
    • 11.6.2. Financial Performance
    • 11.6.3. Product Portfolio
    • 11.6.4. Strategic Initiatives
  • 11.7. On Track Innovations Ltd.
    • 11.7.1. Company Overview
    • 11.7.2. Financial Performance
    • 11.7.3. Product Portfolio
    • 11.7.4. Strategic Initiatives
  • 11.8. Samsung Electronics Ltd.
    • 11.8.1. Company Overview
    • 11.8.2. Financial Performance
    • 11.8.3. Product Portfolio
    • 11.8.4. Strategic Initiatives
  • 11.9. Verifone Systems, Inc.
    • 11.9.1. Company Overview
    • 11.9.2. Financial Performance
    • 11.9.3. Product Portfolio
    • 11.9.4. Strategic Initiatives
Product Code: 138742-05-22

List of Tables

  • TABLE 1 Global Contactless Payment Transaction Market By Mode of Payment, 2020-2030, USD (Million)
  • TABLE 2 Global Contactless Payment Transaction Market By End-use, 2020-2030, USD (Million)
  • TABLE 3 North America Contactless Payment Transaction Market By Mode of Payment, 2020-2030, USD (Million)
  • TABLE 4 North America Contactless Payment Transaction Market By End-use, 2020-2030, USD (Million)
  • TABLE 5 UK and European Union Contactless Payment Transaction Market By Mode of Payment, 2020-2030, USD (Million)
  • TABLE 6 UK and European Union Contactless Payment Transaction Market By End-use, 2020-2030, USD (Million)
  • TABLE 7 Asia Pacific Contactless Payment Transaction Market By Mode of Payment, 2020-2030, USD (Million)
  • TABLE 8 Asia Pacific Contactless Payment Transaction Market By End-use, 2020-2030, USD (Million)
  • TABLE 9 Latin America Contactless Payment Transaction Market By Mode of Payment, 2020-2030, USD (Million)
  • TABLE 10 Latin America Contactless Payment Transaction Market By End-use, 2020-2030, USD (Million)
  • TABLE 11 Middle East and Africa Contactless Payment Transaction Market By Mode of Payment, 2020-2030, USD (Million)
  • TABLE 12 Middle East and Africa Contactless Payment Transaction Market By End-use, 2020-2030, USD (Million)

List of Figures

  • FIG. 1 Global Contactless Payment Transaction Market: Market Coverage
  • FIG. 2 Research Methodology and Data Sources
  • FIG. 3 Market Size Estimation - Top Down & Bottom-Up Approach
  • FIG. 4 Global Contactless Payment Transaction Market: Quality Assurance
  • FIG. 5 Global Contactless Payment Transaction Market, By Mode of Payment, 2021
  • FIG. 6 Global Contactless Payment Transaction Market, By End-use, 2021
  • FIG. 7 Global Contactless Payment Transaction Market, By Geography, 2021
  • FIG. 8 Global Contactless Payment Transaction Market, By Mode of Payment, 2021 Vs 2030, %
  • FIG. 9 Global Contactless Payment Transaction Market, By End-use, 2021 Vs 2030, %
  • FIG. 10 U.S. Contactless Payment Transaction Market (US$ Million), 2020 - 2030
  • FIG. 11 Canada Contactless Payment Transaction Market (US$ Million), 2020 - 2030
  • FIG. 12 Rest of North America Contactless Payment Transaction Market (US$ Million), 2020 - 2030
  • FIG. 13 UK Contactless Payment Transaction Market (US$ Million), 2020 - 2030
  • FIG. 14 Germany Contactless Payment Transaction Market (US$ Million), 2020 - 2030
  • FIG. 15 Spain Contactless Payment Transaction Market (US$ Million), 2020 - 2030
  • FIG. 16 Italy Contactless Payment Transaction Market (US$ Million), 2020 - 2030
  • FIG. 17 France Contactless Payment Transaction Market (US$ Million), 2020 - 2030
  • FIG. 18 Rest of Europe Contactless Payment Transaction Market (US$ Million), 2020 - 2030
  • FIG. 19 China Contactless Payment Transaction Market (US$ Million), 2020 - 2030
  • FIG. 20 Japan Contactless Payment Transaction Market (US$ Million), 2020 - 2030
  • FIG. 21 India Contactless Payment Transaction Market (US$ Million), 2020 - 2030
  • FIG. 22 Australia Contactless Payment Transaction Market (US$ Million), 2020 - 2030
  • FIG. 23 South Korea Contactless Payment Transaction Market (US$ Million), 2020 - 2030
  • FIG. 24 Rest of Asia Contactless Payment Transaction Market (US$ Million), 2020 - 2030
  • FIG. 25 Brazil Contactless Payment Transaction Market (US$ Million), 2020 - 2030
  • FIG. 26 Mexico Contactless Payment Transaction Market (US$ Million), 2020 - 2030
  • FIG. 27 Rest of Latin America Contactless Payment Transaction Market (US$ Million), 2020 - 2030
  • FIG. 28 GCC Contactless Payment Transaction Market (US$ Million), 2020 - 2030
  • FIG. 29 Africa Contactless Payment Transaction Market (US$ Million), 2020 - 2030
  • FIG. 30 Rest of Middle East and Africa Contactless Payment Transaction Market (US$ Million), 2020 - 2030
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