Global Contactless Payment Market segmented based on component (hardware, solutions, and services), by vertical (Retail, Hospitality, Healthcare, Energy and Utilities, Transportation and Logistics, BFSI, Others (Government, telecommunications, and education)) and by region (North America, Europe, Asia Pacific, and Latin America and Middle East & Africa).
Global Contactless Payment Market Regional Analysis:
The total contactless spending has grown in the countries like, UK, Poland, Spain, and Germany with the increasing circulation of contactless cards and terminals by card companies, such as Visa and Mastercard. Hence, Europe region held the largest market share of US$ XX.XX Bn in 2019 and anticipated to reach at US$ XX.XX Bn by the end of the 2017. In terms of market revenue share, North America is expected to hold the US$ XX.XX Bn share by the end of forecast year 2027 followed by, Europe. Economic reforms in the Asia Pacific and rising preference of cash less spending is supplementing the growth of the market with highest CAGR of XX.XX% during forecast period.
Detailed analysis of competition, new entrants, strategic alliances, mergers and acquisition in the Global Contactless Payment Market is covered in the report. The report covers the market leaders and followers in the industry with the market dynamics by region. It will also help to understand the position of each player in the market by region, by segment with their expansion plans, R&D expenditure and organic & in-organic growth strategies. Long term association, strategic alliances, supply chain agreement and mergers & acquisition activities are covered in the report in detail. Major market participants profiled in this report include: Gemalto, Infineon, Ingenico, Wirecard, Verifone, Giesecke+Devrient, IDEMIA, On Track Innovations, Identiv, CPI Card Group, Bitel, Setomatic Systems, Valitor, PAX Global Technology, MYPINPAD, Mobeewave, Alcineo, Castles, SumUp, PayCore and some others.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Contactless Payment Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Contactless Payment Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Contactless Payment Market positioning of competitors.
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