Contactless Payments Market, By Device Type, By Component, By Vertical, By Geography

Description

Contactless Payments Market is estimated to be valued at USD 22,876 Mn in 2026 and is expected to reach USD 59,800 Mn by 2033, growing at a compound annual growth rate (CAGR) of 13.2% from 2026 to 2033.

Report Coverage		Report Details
Base Year:	2025	Market Size in 2026:	USD 22,876 Mn
Historical Data for:	2020 To 2024	Forecast Period:	2026 To 2033
Forecast Period 2026 to 2033 CAGR:	13.20%	2033 Value Projection:	USD 59,800 Mn

Contactless payment is a payment method where secure payment is done by using technologies such as radio frequency identification (RFID), near field communication (NFC), Bluetooth, and infrared. Contactless payment can take one-tenth of the time as compared to other conventional payment methods. Contactless payment mainly provides more convenient way to do payment without having cash, card or other identity details. Moreover, contactless payment has become an important part of the payment process in various industries. Consumers along with businesses are accepting ways that are highly safe by making use of NFC and RFID technology. Increasing the frequency of purchases, rising awareness regarding plastic money, and rising need for fast transactions without any inconvenience are expected to drive the market growth during the forecast period.

The Global Contactless Payments Market was valued at US$ 12,316.5 Mn in 2021.

Market Dynamics

The global contactless payments market is expected to grow significantly during the forecast period, owing to increasing internet penetration in developed and emerging economies. For instance, according to Coherent Market Insights' analysis, internet penetration reached 4.9 Million in 2020. People are now preferring digital payment and contactless payment method as it is more convenient, easy to use, and also minimizes the check-out time. Smartphone manufacturers are developing contactless payment methods such as google pay, Samsung pay, Apple pay, and others. Moreover, with increasing penetration of the internet, people are adopting new technologies and have become more technology-oriented. Various applications such as Samsung pay, google pay, apple pay, and others are driving the market growth by providing ease of use, fast transaction, security, rewards, quick money transfer, and a lot of other perks. Hence, these factors are expected to drive the market growth during the forecast period.

Moreover, major global players across different regions are focusing on developing new products with new features and latest technologies to gain competitive edge in the market. Industries are developing contactless payments with new features to cater to the demand from the end users. For instance, in January 2020, Visa Inc. announced a partnership with SAMSUNG to innovate tap to phone program. Through this partnership, tap-to-phone enable sellers to accept payment through an android smartphone.

Key features of the study

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players
It profiles leading players in the global contactless payments market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
Companies covered as a part of this study include Thales Group, Infineon Technologies AG, Ingenico Group, Wirecard, VeriFone, Inc., Giesecke+Devrient GmbH, IDEMIA, Track Innovations LTD., Identiv, Inc., CPI Card Group Inc., Setomatic Systems, Valitor, PAX, PINPAD, Mobeewave, alcineo, and Paycor, Inc.
Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
The global contactless payments market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global contactless payments market

Market Segmentation

By Device Type (Revenue, USD Mn, 2021-2033)
- Smart Cards
- Smartphones
- POS
- NFC Chips
- Others
By Component (Revenue, USD Mn, 2021-2033)
- Solution
- Service
- Consulting
- Integration and Deployment
- Support and Maintenance
By Vertical (Revenue, USD Mn, 2021-2033)
- Retail
- Hospitality
- Energy & Utilities
- Transportation & Logistics
- BFSI
- Others (Government, Telecommunication, Education)
By Region (Revenue, USD Mn, 2021-2033)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC
- Israel
- Rest of Middle East
- Africa
- South Africa
- Central Africa
- North Africa
Key Players
- Thales Group
- Infineon Technologies AG
- Ingenico Group
- Wirecard
- VeriFone, Inc.
- Giesecke+Devrient GmbH
- IDEMIA
- Track Innovations LTD.
- Identiv, Inc.
- CPI Card Group Inc.
- Setomatic Systems
- Valitor
- PAX Technology
- PINPAD
- Mobeewave
- Alcineo
- Paycor, Inc.

Product Code: CMI4190

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snapshot, By Device Type
- Market Snapshot, By Component
- Market Snapshot, By Vertical
- Market Snapshot, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Market Opportunities
Impact Analysis
Market Trends
Key Developments
Product Approval
Collaboration/Merge/Acquisition
Regulatory Landscape
PEST Analysis
Porter's Five Forces Analysis
Epidemiology
Robust Pipeline Analysis

4. Global Contactless Payments Market, By Device Type, 2021 - 2033, (USD Mn)

Introduction
- Market Share Analysis, 2026 and 2033 (%)
- Y-o-Y Growth Analysis, 2022- 2033
- Segment Trends
Smart Cards
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Mn)
Smartphones
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Mn)
POS
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Mn)
NFC Chips
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Mn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Mn)

5. Global Contactless Payments Market, By Component, 2021 - 2033, (USD Mn)

Introduction
- Market Share Analysis, 2026 and 2033 (%)
- Y-o-Y Growth Analysis, 2022 - 2033
- Segment Trends
Solution
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Mn)
Service
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Mn)
  - Consulting
  - Integration and Deployment
  - Support and Maintenance

6. Global Contactless Payments Market, By Vertical, 2021 - 2033, (USD Mn)

Introduction
- Market Share Analysis, 2026 and 2033 (%)
- Y-o-Y Growth Analysis, 2022 - 2033
- Segment Trends
Retail
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Mn)
Hospitality
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Mn)
Energy & Utilities
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Mn)
Transportation & Logistics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Mn)
BFSI
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Mn)
Others (Government, Telecommunication, Education)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Mn)

7. Global Contactless Payments Market, By Region, 2021 - 2033, (USD Mn)

Introduction
- Market Share Analysis, By Region, 2026 and 2033 (%)
- Y-o-Y Growth Analysis, For Regions, 2022-2033
- Regional Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Device Type, 2021 - 2033, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2021 - 2033, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Vertical, 2021 - 2033, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2021 - 2033, (USD Mn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Device Type, 2021 - 2033, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2021 - 2033, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Vertical, 2021 - 2033, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2021 - 2033, (USD Mn)
  - Brazil
  - Mexico
  - Argentina
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Device Type, 2021 - 2033, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2021 - 2033, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Vertical, 2021 - 2033, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2021 - 2033, (USD Mn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Device Type, 2021 - 2033, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2021 - 2033, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Vertical, 2021 - 2033, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2021 - 2033, (USD Mn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Device Type, 2021 - 2033, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2021 - 2033, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Vertical, 2021 - 2033, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2021 - 2033, (USD Mn)
  - GCC
  - Israel
  - Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Device Type, 2021 - 2033, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2021 - 2033, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Vertical, 2021 - 2033, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2021 - 2033, (USD Mn)
  - North Africa
  - Central Africa
  - South Africa

8. Competitive Landscape

Heat Map Analysis
Market Share Analysis
Company Profile
- Thales Group
  - Company Highlights
  - Product Portfolio
  - Financial Performance
  - Recent Highlights
  - Market Strategies
- Infineon Technologies AG
  - Company Highlights
  - Product Portfolio
  - Financial Performance
  - Recent Highlights
  - Market Strategies
- Ingenico Group
  - Company Highlights
  - Product Portfolio
  - Financial Performance
  - Recent Highlights
  - Market Strategies
- Wirecard
  - Company Highlights
  - Product Portfolio
  - Financial Performance
  - Recent Highlights
  - Market Strategies
- VeriFone, Inc.
  - Company Highlights
  - Product Portfolio
  - Financial Performance
  - Recent Highlights
  - Market Strategies
- Giesecke+Devrient GmbH
  - Company Highlights
  - Product Portfolio
  - Financial Performance
  - Recent Highlights
  - Market Strategies
- IDEMIA
  - Company Highlights
  - Product Portfolio
  - Financial Performance
  - Recent Highlights
  - Market Strategies
- Track Innovations LTD.
  - Company Highlights
  - Product Portfolio
  - Financial Performance
  - Recent Highlights
  - Market Strategies
- Identiv, Inc.
  - Company Highlights
  - Product Portfolio
  - Financial Performance
  - Recent Highlights
  - Market Strategies
- CPI Card Group Inc.
  - Company Highlights
  - Product Portfolio
  - Financial Performance
  - Recent Highlights
  - Market Strategies
- Setomatic Systems
  - Company Highlights
  - Product Portfolio
  - Financial Performance
  - Recent Highlights
  - Market Strategies
- Valitor
  - Company Highlights
  - Product Portfolio
  - Financial Performance
  - Recent Highlights
  - Market Strategies
- PAX Technology
  - Company Highlights
  - Product Portfolio
  - Financial Performance
  - Recent Highlights
  - Market Strategies
- PINPAD
  - Company Highlights
  - Product Portfolio
  - Financial Performance
  - Recent Highlights
  - Market Strategies
- Mobeewave
  - Company Highlights
  - Product Portfolio
  - Financial Performance
  - Recent Highlights
  - Market Strategies
- Alcineo
  - Company Highlights
  - Product Portfolio
  - Financial Performance
  - Recent Highlights
  - Market Strategies
- Paycor, Inc.
  - Company Highlights
  - Product Portfolio
  - Financial Performance
  - Recent Highlights
  - Market Strategies
  - Analyst Views

9. Section

References
Research Methodology
About Us