Global Contactless Payment Market Growth, Size, Trends Analysis- By Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2034

Description

Global Contactless Payment Market Introduction and Overview

According to SPER market research, 'Global Contactless Payment Market Size- By Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2034' states that the Global Contactless Payment Market is projected to be worth 343.32 billion by 2034 and is anticipated to surge at a CAGR of 19.32%.

Contactless payment is an innovative transaction method that allows consumers to make secure purchases without physically swiping or inserting a card. Utilizing technologies such as Near Field Communication (NFC) and Radio Frequency Identification (RFID), payments can be completed simply by tapping a card, smartphone, or wearable device on a compatible terminal. The method is gaining widespread adoption due to its speed, convenience, and enhanced security features, while also reducing the reliance on cash and physical contact.

Restraints: The contactless payment market faces several challenges that may limit its growth and adoption globally. Restrictions on the number of transactions allowed per day can reduce acceptance among merchants and businesses, particularly impacting small and medium enterprises. A lack of awareness about contactless payment options, combined with insufficient supporting infrastructure in low-income and developing countries, further hampers market expansion.

Scope of the report:

Report Metric Details

Market size available for years 2021-2034

Base year considered 2024

Forecast period 2025-2034

Segments covered By Application

Regions covered North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa

Companies Covered Alibaba.com, Amazon.com Inc, American Express Company, Apple Inc, Giesecke & Devrient GmbH, MasterCard, PayPal Holdings Inc, PayU, Thales, Visa Inc.

Global Contactless Payment Market Segmentation:

By Type: Based on the Type, Global Contactless Payment Market is segmented as; Smartphone Based Payments, Card Based Payments.

By Application: Based on the Application, Global Contactless Payment Market is segmented as; Retail, Transportation, Healthcare, Hospitality, Others.

By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe, Middle East & Africa.

Product Code: IACT25176

1.Introduction

1.1.Scope of the report
1.2.Market segment analysis

2.Research Methodology

2.1.Research data source
- 2.1.1.Secondary Data
- 2.1.2.Primary Data
- 2.1.3.SPERs internal database
- 2.1.4.Premium insight from KOLs
2.2.Market size estimation
- 2.2.1.Top-down and Bottom-up approach
2.3.Data triangulation

3.Executive Summary

4.Market Dynamics

4.1.Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1.Drivers
- 4.1.2.Restraints
- 4.1.3.Opportunities
- 4.1.4.Challenges

5.Market variable and outlook

5.1.SWOT Analysis
- 5.1.1.Strengths
- 5.1.2.Weaknesses
- 5.1.3.Opportunities
- 5.1.4.Threats
5.2.PESTEL Analysis
- 5.2.1.Political Landscape
- 5.2.2.Economic Landscape
- 5.2.3.Social Landscape
- 5.2.4.Technological Landscape
- 5.2.5.Environmental Landscape
- 5.2.6.Legal Landscape
5.3.PORTERs Five Forces
- 5.3.1.Bargaining power of suppliers
- 5.3.2.Bargaining power of buyers
- 5.3.3.Threat of Substitute
- 5.3.4.Threat of new entrant
- 5.3.5.Competitive rivalry
5.4.Heat Map Analysis

6.Competitive Landscape

6.1.Global Contactless Payment Market Manufacturing Base Distribution, Sales Area, Product Type
6.2.Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Contactless Payment Market

7.Global Contactless Payment Market, By Type (USD Million) 2021-2034

7.1.Smartphone Based Payments
7.2.Card Based Payments
- 7.2.1.Credit Cards
- 7.2.2.Debit Cards
- 7.2.3.Others

8.Global Contactless Payment Market, By Application (USD Million) 2021-2034

8.1.Retail
- 8.1.1.Consumer Electronics
- 8.1.2.Fashion & Garments
- 8.1.3.Others
8.2.Transportation
8.3.Healthcare
8.4.Hospitality
8.5.Others

9.Global Contactless Payment Market, (USD Million) 2021-2034

9.1.Global Contactless Payment Market Size and Market Share

10.Global Contactless Payment Market, By Region, (USD Million) 2021-2034

10.1.Asia-Pacific
- 10.1.1.Australia
- 10.1.2.China
- 10.1.3.India
- 10.1.4.Japan
- 10.1.5.South Korea
- 10.1.6.Rest of Asia-Pacific
10.2.Europe
- 10.2.1.France
- 10.2.2.Germany
- 10.2.3.Italy
- 10.2.4.Spain
- 10.2.5.United Kingdom
- 10.2.6.Rest of Europe
10.3.Middle East and Africa
- 10.3.1.Kingdom of Saudi Arabia
- 10.3.2.United Arab Emirates
- 10.3.3.Qatar
- 10.3.4.South Africa
- 10.3.5.Egypt
- 10.3.6.Morocco
- 10.3.7.Nigeria
- 10.3.8.Rest of Middle-East and Africa
10.4.North America
- 10.4.1.Canada
- 10.4.2.Mexico
- 10.4.3.United States
10.5.Latin America
- 10.5.1.Argentina
- 10.5.2.Brazil
- 10.5.3.Rest of Latin America

11.Company Profile

11.1.Alibaba.com
- 11.1.1.Company details
- 11.1.2.Financial outlook
- 11.1.3.Product summary
- 11.1.4.Recent developments
11.2.Amazon.com Inc
- 11.2.1.Company details
- 11.2.2.Financial outlook
- 11.2.3.Product summary
- 11.2.4.Recent developments
11.3.American Express Company
- 11.3.1.Company details
- 11.3.2.Financial outlook
- 11.3.3.Product summary
- 11.3.4.Recent developments
11.4.Apple Inc
- 11.4.1.Company details
- 11.4.2.Financial outlook
- 11.4.3.Product summary
- 11.4.4.Recent developments
11.5.Giesecke & Devrient GmbH
- 11.5.1.Company details
- 11.5.2.Financial outlook
- 11.5.3.Product summary
- 11.5.4.Recent developments
11.6.MasterCard
- 11.6.1.Company details
- 11.6.2.Financial outlook
- 11.6.3.Product summary
- 11.6.4.Recent developments
11.7.PayPal Holdings Inc
- 11.7.1.Company details
- 11.7.2.Financial outlook
- 11.7.3.Product summary
- 11.7.4.Recent developments
11.8.PayU
- 11.8.1.Company details
- 11.8.2.Financial outlook
- 11.8.3.Product summary
- 11.8.4.Recent developments
11.9.Thales
- 11.9.1.Company details
- 11.9.2.Financial outlook
- 11.9.3.Product summary
11.10.Visa Inc
- 11.10.1.Company details
- 11.10.2.Financial outlook
- 11.10.3.Product summary
11.11.Others