Sep 30, 2020 2:43 PM ET
iCrowd Newswire – Sep 30, 2020
This report is a comprehensive study providing a detailed analysis of the contactless payments market. The report defines the type of contactless payments along with its application in various industry verticals with reference to various regions and major countries. Further, the study has identified and studied all the major players operating in the global contactless payments market space and equated based on various parameters such as market revenue, annual sales volume, historical growth rate, and business strategies. Based on all these insights, the global contactless payments market report recommends a business strategy for the current market participants to strengthen their market positions. Moreover, the report also suggests a market entry strategy for the new market entrants.
Furthermore, the contactless payments market report has also identified the major vendors and distributors operating in all the major regions. This analysis and data is expected to help the market players to strengthen their market distribution channels and expand their geographical reach.
Contactless Payments Market Strategic Analysis
The contactless payments market report has analyzed the market using various marketing tools such as Porter’s Five Forces Analysis, player positioning analysis, SWOT analysis, market share analysis, and value chain analysis. In Porter’s Five Forces analysis, the market dynamics and factors such as the threat of substitute for contactless payments, threat of new entrants in the contactless payments market, bargaining power of buyers, bargaining power of suppliers to contactless payments providing companies, and internal rivalry among the contactless payments providers are analyzed to provide the readers of the report with a detailed view of the market current dynamics.
This analysis helps the users of the report to evaluate the contactless payments market based on various parameters such as economies of scale, switching costs, brand loyalty, existing distribution channels, capital investments, manufacturing rights & patents, government regulations, the impact of advertisements, and impact of consumer’s preferences. This all summarized data is anticipated to help the key decision-makers of the industry in the decision-making process. Further, this analysis also answers the imperative question for new entrants to enter the contactless payments market or not.
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Contactless Payments Market Key Trends Analysis
The report has analyzed the major factors which are impacting the growth of contactless payments market. Driving factors that are positively impacting the demand for contactless payments and restraining factors that are hindering the growth of contactless payments market are discussed in detail along with their impacts on the global contactless payments market. Further, the trends which are shaping the market and impacting the growth of the market are identified and discussed in detail in the reported study. Moreover, other qualitative factors such as risks associated with the operations and major challenges faced by the players in the market space are included in the report.
Contactless Payments Market Key Segment Analysis
The study provides a decisive view on the contactless payments by segmenting the market based on type, application, and region. All the segments of the contactless payments market have been analyzed based on present and future trends. The data for the market and its segments are forecast for 2020 to 2026. The report has identified the segments contributing most to the overall market growth in terms of revenue along with the factors boosting their growth.
Based on type, the global contactless payments market is segmented into Payment Terminal Solution, Transaction Management, Security and Fraud Management, Hosted point-of-sales, Analytics. Detailed qualitative as well as quantitative type segment analysis will be provided in the report for 2016 to 2026.
Based on application market is segmented into Retail, Transportation, Healthcare, Hospitality, Government. Various potential opportunities and factors affecting the different application are analyzed and included in the report study.
Contactless Payments Market Regional Trends and Market Player’s Analysis
Regionally, the market is divided into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. Wherein, North America dominated the global contactless payments market in 2019. Over the forecast period, the Asia Pacific region is anticipated to witness the highest CAGR for the contactless payments market.
Major companies holding significant market shares in the global contactless payments market are analyzed considering their market revenue, market shares, business strategies, recent developments, and growth rates. Recent events for these companies such as new solution/product launches, research initiatives, acquisitions, geographical expansions, and technological advancements are considered in finalizing their position in the contactless payments market player positioning. The information provided in the contactless payments market research study is expected to be helpful for all the key stakeholders of the contactless payments value chain and technology ecosystem.
The report provides company market share analysis in order to give a broader overview of the key players in the contactless payments market. Major players in the global contactless payments market are Gemalto N.V., Visa Inc., Giesecke & Devrient GmbH, Heartland Payment Systems, Verifone Systems Inc., Ingenico Group SA, On Track Innovations (OTI) Ltd, Oberthur Technologies Morpho, Thales Group, Wirecard AG, among others.
The report segment of the global contactless payments market as follows:
Global Contactless Payments Market: By Type
- Payment Terminal Solution
- Transaction Management
- Security and Fraud Management
- Hosted point-of-sales
Global Contactless Payments Market: By Application
Global Contactless Payments Market: By Region
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
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Keywords: Contactless Payments Market