Market Research Report
Contactless Payments Market by Device Type and Industry Vertical - Global Opportunity Analysis and Industry Forecast, 2017-2023
|Published by||Allied Market Research||Product code||539667|
|Published||Content info||136 Pages
Delivery time: 2-3 business days
|Contactless Payments Market by Device Type and Industry Vertical - Global Opportunity Analysis and Industry Forecast, 2017-2023|
|Published: July 1, 2017||Content info: 136 Pages||
Contactless Payments Market by Device Type (Mobile Handsets, Point of Sale Terminals, NFC Chips, Smart Cards, and Others) and Industry Vertical (BFSI, Retail, IT & Telecom, Transportation, Hospitality, Government, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023.
The Internet of Things (IoT) technology has transformed the way of interaction globally. Likewise, Radio-Frequency Identification (RFID) and Near Field Communications (NFC) have aided in making payments safer and secure. Contactless payment systems comprise smart cards or other devices that integrate RFID or NFC technologies to make secure and contactless payment. Unlike mobile payments that are done through the internet, contactless payments are carried out in close physical proximity of the card, mobile phone or other devices of preventing unauthorized access during the transaction(s).
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 lower rate of adoption of the market hamper the contactless payments market growth.
The global contactless payments market is segmented based on device type, industry vertical, and region. Based on device type, it is divided into mobile handsets, point of sale terminals, NFC chips, smart cards, and others. Based on industry vertical, it is classified into Banking, Financial Services, and Insurance (BFSI), retail, IT & telecom, transportation, hospitality, government, and others. The market is analyzed based on region across North America, Europe, Asia-Pacific, and LAMEA including country level analysis for each region.
The key players operating in the global contactless payments market include Ingenico Group, Verifone Systems, Inc., Inside Secure, on Track Innovations, Oberthur Technologies SA, Proxama, PLC., Wirecard AG, Giesecke & Devrient GmbH, Gemalto N.V., and Heartland Payment Systems, Inc.
BY DEVICE TYPE
BY INDUSTRY VERTICAL