PUBLISHER: TechSci Research | PRODUCT CODE: 1886393
PUBLISHER: TechSci Research | PRODUCT CODE: 1886393
Contactless Payment Terminals Market - Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Technology, By Payment Method, By End User Industry, By Region, and By Competition, 2020-2030F
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The Global Contactless Payment Terminals Market will grow from USD 41.10 Billion in 2024 to USD 104.89 Billion by 2030 at a 16.90% CAGR. Contactless payment terminals process transactions via Near Field Communication (NFC), allowing users to pay by tapping a card or device against a compatible reader. Market expansion is driven by consumer demand for speed and convenience, heightened hygiene awareness, and the widespread adoption of mobile wallets with increasing smartphone penetration. Government support and continuous technological advancements in terminal functionality further propel growth.
| Market Overview | |
|---|---|
| Forecast Period | 2026-2030 |
| Market Size 2024 | USD 41.10 Billion |
| Market Size 2030 | USD 104.89 Billion |
| CAGR 2025-2030 | 16.90% |
| Fastest Growing Segment | Healthcare |
| Largest Market | Europe |
Key Market Drivers
The growth of the global contactless payment terminals market is significantly influenced by increasing consumer demand for transactional speed, convenience, and heightened hygiene awareness. Modern consumers prioritize efficiency at the point of sale, favoring methods that reduce waiting times and physical contact. This preference is particularly evident in quick-service environments and retail settings where rapid transactions enhance the customer experience.
Key Market Challenges
A significant challenge impeding market expansion stems from persistent concerns regarding security risks, including data breaches and cyber-attacks. These concerns directly hamper the growth of the Global Contactless Payment Terminals Market by eroding consumer confidence in the safety of tapping devices for transactions. Publicized incidents of data compromise, even if not directly related to contactless technology itself, foster a general apprehension that can slow adoption rates and limit the frequency of use.
Key Market Trends
The adoption of Soft POS (Tap-to-Phone) solutions by small and micro-merchants represents a significant trend in the global contactless payment terminals market. This innovation allows businesses to convert standard NFC-enabled smartphones into fully functional payment terminals simply through an application, thereby eliminating the need for expensive, dedicated hardware. This democratizes access to modern payment acceptance infrastructure, particularly for smaller businesses that might have found traditional POS systems cost-prohibitive.
Key Market Players
- Thales Group
- On Track Innovation Ltd. (OTI)
- VeriFone Inc.
- Hewlett Packard Enterprise Development LP
- Ingenico Group SA
- Visiontek Products LLC
- PayPal Holdings Inc.
- Castles Technologies
- ID Tech Solutions Inc
- NEC Corporation
Report Scope:
In this report, the Global Contactless Payment Terminals Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Contactless Payment Terminals Market, By Technology:
- Bluetooth
- Infrared
- Carrier-based
- Wi-Fi
- Other
Contactless Payment Terminals Market, By Payment Method:
- Account-based
- Credit/Debit Card
- Stored Value
- Smart Card
- Other
Contactless Payment Terminals Market, By End User Industry:
- Retail
- Transportation
- Banking
- Government
- Healthcare
- Other
Contactless Payment Terminals Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies presents in the Global Contactless Payment Terminals Market.
Available Customizations:
Global Contactless Payment Terminals Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions/Countries
- 3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. Global Contactless Payment Terminals Market Outlook
- 5.1. Market Size & Forecast
- 5.1.1. By Value
- 5.2. Market Share & Forecast
- 5.2.1. By Technology (Bluetooth, Infrared, Carrier-based, Wi-Fi, Other)
- 5.2.2. By Payment Method (Account-based, Credit/Debit Card, Stored Value, Smart Card, Other)
- 5.2.3. By End User Industry (Retail, Transportation, Banking, Government, Healthcare, Other)
- 5.2.4. By Region
- 5.2.5. By Company (2024)
- 5.3. Market Map
6. North America Contactless Payment Terminals Market Outlook
- 6.1. Market Size & Forecast
- 6.1.1. By Value
- 6.2. Market Share & Forecast
- 6.2.1. By Technology
- 6.2.2. By Payment Method
- 6.2.3. By End User Industry
- 6.2.4. By Country
- 6.3. North America: Country Analysis
- 6.3.1. United States Contactless Payment Terminals Market Outlook
- 6.3.1.1. Market Size & Forecast
- 6.3.1.1.1. By Value
- 6.3.1.2. Market Share & Forecast
- 6.3.1.2.1. By Technology
- 6.3.1.2.2. By Payment Method
- 6.3.1.2.3. By End User Industry
- 6.3.1.1. Market Size & Forecast
- 6.3.2. Canada Contactless Payment Terminals Market Outlook
- 6.3.2.1. Market Size & Forecast
- 6.3.2.1.1. By Value
- 6.3.2.2. Market Share & Forecast
- 6.3.2.2.1. By Technology
- 6.3.2.2.2. By Payment Method
- 6.3.2.2.3. By End User Industry
- 6.3.2.1. Market Size & Forecast
- 6.3.3. Mexico Contactless Payment Terminals Market Outlook
- 6.3.3.1. Market Size & Forecast
- 6.3.3.1.1. By Value
- 6.3.3.2. Market Share & Forecast
- 6.3.3.2.1. By Technology
- 6.3.3.2.2. By Payment Method
- 6.3.3.2.3. By End User Industry
- 6.3.3.1. Market Size & Forecast
- 6.3.1. United States Contactless Payment Terminals Market Outlook
7. Europe Contactless Payment Terminals Market Outlook
- 7.1. Market Size & Forecast
- 7.1.1. By Value
- 7.2. Market Share & Forecast
- 7.2.1. By Technology
- 7.2.2. By Payment Method
- 7.2.3. By End User Industry
- 7.2.4. By Country
- 7.3. Europe: Country Analysis
- 7.3.1. Germany Contactless Payment Terminals Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.1.1. By Value
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Technology
- 7.3.1.2.2. By Payment Method
- 7.3.1.2.3. By End User Industry
- 7.3.1.1. Market Size & Forecast
- 7.3.2. France Contactless Payment Terminals Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.1.1. By Value
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Technology
- 7.3.2.2.2. By Payment Method
- 7.3.2.2.3. By End User Industry
- 7.3.2.1. Market Size & Forecast
- 7.3.3. United Kingdom Contactless Payment Terminals Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.1.1. By Value
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Technology
- 7.3.3.2.2. By Payment Method
- 7.3.3.2.3. By End User Industry
- 7.3.3.1. Market Size & Forecast
- 7.3.4. Italy Contactless Payment Terminals Market Outlook
- 7.3.4.1. Market Size & Forecast
- 7.3.4.1.1. By Value
- 7.3.4.2. Market Share & Forecast
- 7.3.4.2.1. By Technology
- 7.3.4.2.2. By Payment Method
- 7.3.4.2.3. By End User Industry
- 7.3.4.1. Market Size & Forecast
- 7.3.5. Spain Contactless Payment Terminals Market Outlook
- 7.3.5.1. Market Size & Forecast
- 7.3.5.1.1. By Value
- 7.3.5.2. Market Share & Forecast
- 7.3.5.2.1. By Technology
- 7.3.5.2.2. By Payment Method
- 7.3.5.2.3. By End User Industry
- 7.3.5.1. Market Size & Forecast
- 7.3.1. Germany Contactless Payment Terminals Market Outlook
8. Asia Pacific Contactless Payment Terminals Market Outlook
- 8.1. Market Size & Forecast
- 8.1.1. By Value
- 8.2. Market Share & Forecast
- 8.2.1. By Technology
- 8.2.2. By Payment Method
- 8.2.3. By End User Industry
- 8.2.4. By Country
- 8.3. Asia Pacific: Country Analysis
- 8.3.1. China Contactless Payment Terminals Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.1.1. By Value
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Technology
- 8.3.1.2.2. By Payment Method
- 8.3.1.2.3. By End User Industry
- 8.3.1.1. Market Size & Forecast
- 8.3.2. India Contactless Payment Terminals Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.1.1. By Value
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Technology
- 8.3.2.2.2. By Payment Method
- 8.3.2.2.3. By End User Industry
- 8.3.2.1. Market Size & Forecast
- 8.3.3. Japan Contactless Payment Terminals Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.1.1. By Value
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Technology
- 8.3.3.2.2. By Payment Method
- 8.3.3.2.3. By End User Industry
- 8.3.3.1. Market Size & Forecast
- 8.3.4. South Korea Contactless Payment Terminals Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.1.1. By Value
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Technology
- 8.3.4.2.2. By Payment Method
- 8.3.4.2.3. By End User Industry
- 8.3.4.1. Market Size & Forecast
- 8.3.5. Australia Contactless Payment Terminals Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.1.1. By Value
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Technology
- 8.3.5.2.2. By Payment Method
- 8.3.5.2.3. By End User Industry
- 8.3.5.1. Market Size & Forecast
- 8.3.1. China Contactless Payment Terminals Market Outlook
9. Middle East & Africa Contactless Payment Terminals Market Outlook
- 9.1. Market Size & Forecast
- 9.1.1. By Value
- 9.2. Market Share & Forecast
- 9.2.1. By Technology
- 9.2.2. By Payment Method
- 9.2.3. By End User Industry
- 9.2.4. By Country
- 9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Contactless Payment Terminals Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.1.1. By Value
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Technology
- 9.3.1.2.2. By Payment Method
- 9.3.1.2.3. By End User Industry
- 9.3.1.1. Market Size & Forecast
- 9.3.2. UAE Contactless Payment Terminals Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.1.1. By Value
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Technology
- 9.3.2.2.2. By Payment Method
- 9.3.2.2.3. By End User Industry
- 9.3.2.1. Market Size & Forecast
- 9.3.3. South Africa Contactless Payment Terminals Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.1.1. By Value
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Technology
- 9.3.3.2.2. By Payment Method
- 9.3.3.2.3. By End User Industry
- 9.3.3.1. Market Size & Forecast
- 9.3.1. Saudi Arabia Contactless Payment Terminals Market Outlook
10. South America Contactless Payment Terminals Market Outlook
- 10.1. Market Size & Forecast
- 10.1.1. By Value
- 10.2. Market Share & Forecast
- 10.2.1. By Technology
- 10.2.2. By Payment Method
- 10.2.3. By End User Industry
- 10.2.4. By Country
- 10.3. South America: Country Analysis
- 10.3.1. Brazil Contactless Payment Terminals Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.1.1. By Value
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Technology
- 10.3.1.2.2. By Payment Method
- 10.3.1.2.3. By End User Industry
- 10.3.1.1. Market Size & Forecast
- 10.3.2. Colombia Contactless Payment Terminals Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.1.1. By Value
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Technology
- 10.3.2.2.2. By Payment Method
- 10.3.2.2.3. By End User Industry
- 10.3.2.1. Market Size & Forecast
- 10.3.3. Argentina Contactless Payment Terminals Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.1.1. By Value
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Technology
- 10.3.3.2.2. By Payment Method
- 10.3.3.2.3. By End User Industry
- 10.3.3.1. Market Size & Forecast
- 10.3.1. Brazil Contactless Payment Terminals Market Outlook
11. Market Dynamics
- 11.1. Drivers
- 11.2. Challenges
12. Market Trends & Developments
- 12.1. Merger & Acquisition (If Any)
- 12.2. Product Launches (If Any)
- 12.3. Recent Developments
13. Global Contactless Payment Terminals Market: SWOT Analysis
14. Porter's Five Forces Analysis
- 14.1. Competition in the Industry
- 14.2. Potential of New Entrants
- 14.3. Power of Suppliers
- 14.4. Power of Customers
- 14.5. Threat of Substitute Products
15. Competitive Landscape
- 15.1. Thales Group
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
- 15.2. On Track Innovation Ltd. (OTI)
- 15.3. VeriFone Inc.
- 15.4. Hewlett Packard Enterprise Development LP
- 15.5. Ingenico Group SA
- 15.6. Visiontek Products LLC
- 15.7. PayPal Holdings Inc.
- 15.8. Castles Technologies
- 15.9. ID Tech Solutions Inc
- 15.10. NEC Corporation
16. Strategic Recommendations
17. About Us & Disclaimer
