Contactless Payments Market Analysis, By Device, By Solution (Payment Terminal Solution, Transaction Management, Fraud Management, Hosted POS), By Application, By Region, And Segment Forecasts, 2014 - 2025

Published: Oct, 2017 | Pages: 100 | Publisher: Grand View Research
Industry: ICT | Report Format: Electronic (PDF)

The global contactless payments market is expected to reach USD 2.23 trillion (transaction value) by 2025, according to a new report by Grand View Research, Inc. The contactless payments industry is expected to witness lucrative growth over the forecast period owing to innovations in technologies such as IoT, which acts as a major market driver.

Benefits such as reduction in transaction time and improved service delivery offered by contactless payments have resulted in a significant rise in the number of users. Some of the key features of contactless systems include easy installation and cost effectiveness. The rising trend of making payments through QR codes and mobile phones is expected to drive the market demand. Individuals largely prefer using contactless payment as it eliminates the need to carry cash.

North America is expected to emerge as one of the key regional markets over the forecast period. The growth is mainly attributed to the increasing deployment of cloud-based contactless payment technologies in various verticals such as transportation. Europe is expected to be another major region for contactless payments owing to the growing number of smart card rollouts. Countries in the Asia Pacific region, such as Australia, Taiwan, and Japan, have witnessed a higher penetration rate of contactless payments compared to other countries.

The contactless payments market can be segmented on the basis of devices into smartphones and wearables, point of sale terminals, and smart cards. The market can also be segmented on the basis of solutions into payment terminal solution, transaction management, security and fraud management,

Further Key Findings From the Report Suggest:

• Contactless payments are widely used in several sectors such as retail, transportation, healthcare, and hospitality. Smartphones and wearables emerged as the largest device segment in 2016. It is estimated to register a CAGR of 34.0% over the forecast period.

• The transportation segment is estimated to grow at a CAGR of 37.1% over the forecast period.

• The Asia Pacific market is projected to witness substantial growth over the next decade owing to various technological developments across major economies. The regional market is expected to grow at a CAGR of 35.5 % from 2017 to 2025.

• The payment terminal solution segment is expected to witness the largest growth over the forecast period as these solutions can connect the customers directly to service providers of contactless payments.

• Key participants in the contactless payments industry include Gemalto, Visa Inc., Giesecke & Devrient GmbH, Heartland Payment Systems, Verifone, Ingenico Group SA, On Track Innovations Ltd., Oberthur Technologies (OT) Morpho, Thales Group, and Wirecard AG. In March 2017, Wirecard AG acquired MyGate Communication, a payment service provider in Africa.

 Table of Contents

Chapter 1 Methodology and Scope
                 1.1 Research Methodology
                 1.2 Research Scope & Assumptions
                 1.3 List of Data Sources
Chapter 2 Executive Summary
                 2.1 Contactless Payments - Industry Snapshot & Key Buying Criteria, 2016 -2025
Chapter 3 Industry Outlook
                 3.1 Market Segmentation &Scope
                 3.2 Contactless Payments Market Size and Growth Prospects
                 3.3 Contactless Payments Market Value Chain Analysis
                 3.4 Market Dynamics
                     3.4.1 Market driver analysis
                         3.4.1.1 Rising awareness and usage of digital money
                         3.4.1.2 Increasing customer convenience for low value payment
                         3.4.1.3 Growing technological innovation in contactless payment
                     3.4.2 Market restraint analysis
                         3.4.2.1 Risk of fraud and virus attack
                         3.4.2.2 Lack of infrastructure
                     3.4.3 Market opportunity analysis
                         3.4.3.1 Emerging digital currency: Bitcoins
                 3.5 Key Opportunities - Prioritized
                 3.6 Key Company Analysis, 2016
                 3.7 List of Key Market Players
                 3.8 Industry Analysis - Porter's
                 3.9 Contactless payments-PESTEL Analysis
                 3.10 Key Regulatory Industry Initiatives, 2016
Chapter 4 Contactless Payments: Device Estimates & Trend Analysis
                 4.1 Contactless Payments Market: Device Movement Analysis
                     4.1.1 Smartphones and wearables
                         4.1.1.1 Global market estimates and forecasts, 2014 - 2025 (USD Billion)
                     4.1.2 Point-of-sales terminals
                         4.1.2.1 Global market estimates and forecasts, 2014 - 2025 (USD Billion)
                     4.1.3 Smart cards
                         4.1.3.1 Global market estimates and forecasts, 2014 - 2025 (USD Billion)
Chapter 5 Contactless Payments: Solution Estimates & Trend Analysis
                 5.1 Contactless Payments Market: Solution Movement Analysis
                     5.1.1 Payment terminal solution
                         5.1.1.1 Global market estimates and forecasts, 2014 - 2025 (USD Billion)
                     5.1.2 Transaction management
                         5.1.2.1 Global market estimates and forecasts, 2014 - 2025 (USD Billion)
                     5.1.3 Security and fraud management
                         5.1.3.1 Global market estimates and forecasts, 2014 - 2025 (USD Billion)
                     5.1.4 Hosted point-of-sales
                         5.1.4.1 Global market estimates and forecasts, 2014 - 2025 (USD Billion)
                     5.1.5 Analytics
                         5.1.5.1 Global market estimates and forecasts, 2014 - 2025 (USD Billion)
Chapter 6 Contactless Payments: Applications Estimates & Trend Analysis
                 6.1 Contactless Payments Market: Application Movement Analysis
                     6.1.1 Retail
                         6.1.1.1 Global market estimates and forecasts, 2014 - 2025 (USD Billion)
                     6.1.2 Transportation
                         6.1.2.1 Global market estimates and forecasts, 2014 - 2025 (USD Billion)
                     6.1.3 Healthcare
                         6.1.3.1 Global market estimates and forecasts, 2014 - 2025 (USD Billion)
                     6.1.4 Hospitality
                         6.1.4.1 Global market estimates and forecasts, 2014 - 2025 (USD Billion)
                     6.1.5 Government
                         6.1.5.1 Global market estimates and forecasts, 2014 - 2025 (USD Billion)
Chapter 7 Contactless Payments: Regional Estimates & Trend Analysis
                 7.1 Contactless Payments Market share by Region, 2015 & 2025
                 7.2 North America
                     7.2.1 North America market place: Key takeaways
                     7.2.2 North America contactless payments market
                         7.2.2.1 Global market estimates and forecasts, 2014 - 2025 (USD Billion)
                     7.2.3 U.S. contactless payments market
                         7.2.3.1 Global market estimates and forecasts, 2014 - 2025 (USD Billion)
                     7.2.4 Canada contactless payments market
                         7.2.4.1 Global market estimates and forecasts, 2014 - 2025 (USD Billion)
                     7.2.5 Mexico contactless payments market
                         7.2.5.1 Global market estimates and forecasts, 2014 - 2025 (USD Billion)
                 7.3 Europe
                     7.3.1 Europe market place: Key takeaways
                     7.3.2 Europe contactless payments market
                         7.3.2.1 Global market estimates and forecasts, 2014 - 2025 (USD Billion)
                     7.3.3 Germany contactless payments market
                         7.3.3.1 Global market estimates and forecasts, 2014 - 2025 (USD Billion)
                     7.3.4 UK contactless payments market
                         7.3.4.1 Global market estimates and forecasts, 2014 - 2025 (USD Billion)
                     7.3.5 France contactless payments market
                         7.3.5.1 Global market estimates and forecasts, 2014 - 2025 (USD Billion)
                 7.4 Asia Pacific
                     7.4.1 Asia Pacific market place: Key takeaways
                     7.4.2 Asia Pacific contactless payments market
                         7.4.2.1 Global market estimates and forecasts, 2014 - 2025 (USD Billion)
                     7.4.3 China contactless payments market
                         7.4.3.1 Global market estimates and forecasts, 2014 - 2025 (USD Billion)
                     7.4.4 Japan contactless payments market
                         7.4.4.1 Global market estimates and forecasts, 2014 - 2025 (USD Billion)
                     7.4.5 Australia contactless payments market
                         7.4.5.1 Global market estimates and forecasts, 2014 - 2025 (USD Billion)
                 7.5 South America
                     7.5.1 South America marketplace: Key takeaways
                     7.5.2 South America contactless payments market
                         7.5.2.1 Global market estimates and forecasts, 2014 - 2025 (USD Billion)
                     7.5.3 Brazil contactless payments market
                         7.5.3.1 Global market estimates and forecasts, 2014 - 2025 (USD Billion)
                 7.6 Middle East and Africa (MEA)
                     7.6.1 MEA market place: Key takeaways
                     7.6.2 MEA contactless payments market
                         7.6.2.1 Global market estimates and forecasts, 2014 - 2025 (USD Billion)
Chapter 8 Competitive Landscape
                 8.1 Gemalto N.V.
                     8.1.1 Company overview
                     8.1.2 Financial performance
                     8.1.3 Product benchmarking
                     8.1.4 Recent developments
                 8.2 Visa Inc.
                     8.2.1 Company overview
                     8.2.2 Financial performance
                     8.2.3 Product benchmarking
                     8.2.4 Recent developments
                 8.3 Giesecke & Devrient GmbH
                     8.3.1 Company overview
                     8.3.2 Financial performance
                     8.3.3 Product benchmarking
                     8.3.4 Recent developments
                 8.4 Heartland Payment Systems
                     8.4.1 Company overview
                     8.4.2 Financial performance of Global Payments
                     8.4.3 Product benchmarking
                     8.4.4 Recent developments
                 8.5 Verifone Systems Inc.
                     8.5.1 Company overview
                     8.5.2 Financial performance
                     8.5.3 Product benchmarking
                     8.5.4 Recent developments
                 8.6 Ingenico Group SA
                     8.6.1 Company overview
                     8.6.2 Financial performance
                     8.6.3 Product benchmarking
                     8.6.4 Recent developments
                 8.7 On Track Innovations (OTI) Ltd
                     8.7.1 Company overview
                     8.7.2 Financial performance
                     8.7.3 Product benchmarking
                     8.7.4 Recent developments
                 8.8 Oberthur Technologies Morpho
                     8.8.1 Company overview
                     8.8.2 Financial performance
                     8.8.3 Product benchmarking
                     8.8.4 Recent developments
                 8.9 Thales Group
                     8.9.1 Company overview
                     8.9.2 Financial performance
                     8.9.3 Product benchmarking
                     8.9.4 Recent developments
                 8.10 Wirecard AG
                     8.10.1 Company overview
                     8.10.2 Financial performance
                     8.10.3 Product benchmarking
                     8.10.4 Recent developments

List of Tables

TABLE 1 Contactless payments- Industry snapshot & critical success factor, 2016 - 2025
TABLE 2 Global contactless payments market, 2014 - 2025 (USD Billion)
TABLE 3 Global contactless payments market estimates and forecasts by device, 2014 - 2025 (USD Billion), 
TABLE 4 Global contactless payments market estimates and forecasts by solutions provided, 2014 - 2025 (USD Billion)
TABLE 5 Global contactless payments market estimates and forecasts by applications, 2014 - 2025 (USD Billion), 
TABLE 6 Global contactless payments market estimates and forecasts by region, 2014 - 2025 (USD Billion)
TABLE 7 List of key market players
TABLE 8 Global contactless payments market by smartphones and wearables, 2014 - 2025 (USD Billion)
TABLE 9 Global smartphones and wearables segment by region, 2014 - 2025 (USD Billion)
TABLE 10 Global contactless payments market by point-of-sales terminals, 2014 - 2025 (USD Billion)
TABLE 11 Global point of sales terminals segment by region 2014 - 2025 (USD Billion)
TABLE 12 Global contactless payments market by smart cards, 2014 - 2025 (USD Billion)
TABLE 13 Global smart cards segment by region, 2014 - 2025 (USD Billion)
TABLE 14 Global contactless payments market by payment terminal solution, 2014 - 2025 (USD Billion)
TABLE 15 Global payment terminal solution segment by region, 2014 - 2025 (USD Billion)
TABLE 16 Global contactless payments market by transaction management, 2014 - 2025 (USD Billion)
TABLE 17 Global transaction management segment by region 2014 - 2025 (USD Billion)
TABLE 18 Global contactless payments market by security and fraud management, 2014 - 2025 (USD Billion)
TABLE 19 Global security and fraud management segment by region, 2014 - 2025 (USD Billion)
TABLE 20 Global contactless payments market by hosted point-of-sale, 2014 - 2025 (USD Billion)
TABLE 21 Global hosted point-of-sales segment by region, 2014 - 2025 (USD Billion)
TABLE 22 Global contactless payments market by analytics, 2014 - 2025 (USD Billion)
TABLE 23 Global analytics segment by region, 2014 - 2025 (USD Billion)
TABLE 24 Global contactless payments market by Retail, 2014 - 2025 (USD Billion)
TABLE 25 Global retail segment by region, 2014 - 2025 (USD Billion)
TABLE 26 Global contactless payments market by transportation, 2014 - 2025 (USD Billion)
TABLE 27 Global transportation segment by region 2014 - 2025 (USD Billion)
TABLE 28 Global contactless payments market by Healthcare, 2014 - 2025 (USD Billion)
TABLE 29 Global healthcare segment by region, 2014 - 2025 (USD Billion)
TABLE 30 Global contactless payments market by hospitality, 2014 - 2025 (USD Billion)
TABLE 31 Global hospitality segment by region, 2014 - 2025 (USD Billion)
TABLE 32 Global contactless payments market by government, 2014 - 2025 (USD Billion)
TABLE 33 Global government segment by region, 2014 - 2025 (USD Billion)
TABLE 34 North America contactless payments market, 2014 - 2025 (USD Billion)
TABLE 35 North America contactless payments market by device, 2014 - 2025 (USD Billion)
TABLE 36 North America contactless payments market by solution 2014 - 2025 (USD Billion)
TABLE 37 North America contactless payments market by application 2014 - 2025 (USD Billion)
TABLE 38 U.S. contactless payments market, 2014 - 2025 (USD Billion)
TABLE 39 U.S. contactless payments market by device, 2014 - 2025 (USD Billion)
TABLE 40 U.S. contactless payments market by solution 2014 - 2025 (USD Billion)
TABLE 41 U.S. contactless payments market by application 2014 - 2025 (USD Billion)
TABLE 42 Canada contactless payments market, 2014 - 2025 (USD Billion)
TABLE 43 Canada contactless payments market by device, 2014 - 2025 (USD Billion)
TABLE 44 Canada contactless payments market by solution 2014 - 2025 (USD Billion)
TABLE 45 Canada contactless payments market by application 2014 - 2025 (USD Billion)
TABLE 46 Mexico contactless payments market, 2014 - 2025 (USD Billion)
TABLE 47 Mexico contactless payments market by device, 2014 - 2025 (USD Billion)
TABLE 48 Mexico contactless payments market by solution 2014 - 2025 (USD Billion)
TABLE 49 Mexico contactless payments market by application 2014 - 2025 (USD Billion)
TABLE 50 Europe contactless payments market, 2014 - 2025 (USD Billion)
TABLE 51 Europe contactless payments market by device, 2014 - 2025 (USD Billion)
TABLE 52 Europe contactless payments market by solution 2014 - 2025 (USD Billion)
TABLE 53 Europe contactless payments market by application 2014 - 2025 (USD Billion)
TABLE 54 Germany contactless payments market, 2014 - 2025 (USD Billion)
TABLE 55 Germany contactless payments market by device, 2014 - 2025 (USD Billion)
TABLE 56 Germany contactless payments market by solution 2014 - 2025 (USD Billion)
TABLE 57 Germany contactless payments market by application 2014 - 2025 (USD Billion)
TABLE 58 UK contactless payments market, 2014 - 2025 (USD Billion)
TABLE 59 UK contactless payments market by device, 2014 - 2025 (USD Billion)
TABLE 60 UK contactless payments market by solution 2014 - 2025 (USD Billion)
TABLE 61 UK contactless payments market by application 2014 - 2025 (USD Billion)
TABLE 62 France contactless payments market, 2014 - 2025 (USD Billion)
TABLE 63 France contactless payments market by device, 2014 - 2025 (USD Billion)
TABLE 64 France contactless payments market by solution 2014 - 2025 (USD Billion)
TABLE 65 France contactless payments market by application 2014 - 2025 (USD Billion)
TABLE 66 Asia Pacific contactless payments market, 2014 - 2025 (USD Billion)
TABLE 67 Asia Pacific contactless payments market by device, 2014 - 2025 (USD Billion)
TABLE 68 Asia Pacific contactless payments market by solution 2014 - 2025 (USD Billion)
TABLE 69 Asia Pacific contactless payments market by application 2014 - 2025 (USD Billion)
TABLE 70 China contactless payments market, 2014 - 2025 (USD Billion)
TABLE 71 China contactless payments market by device, 2014 - 2025 (USD Billion)
TABLE 72 China contactless payments market by solution 2014 - 2025 (USD Billion)
TABLE 73 China contactless payments market by application 2014 - 2025 (USD Billion)
TABLE 74 Japan contactless payments market, 2014 - 2025 (USD Billion)
TABLE 75 Japan contactless payments market by device, 2014 - 2025 (USD Billion)
TABLE 76 Japan contactless payments market by solution 2014 - 2025 (USD Billion)
TABLE 77 Japan contactless payments market by application 2014 - 2025 (USD Billion)
TABLE 78 Australia contactless payments market, 2014 - 2025 (USD Billion)
TABLE 79 Australia contactless payments market by device, 2014 - 2025 (USD Billion)
TABLE 80 Australia contactless payments market by solution 2014 - 2025 (USD Billion)
TABLE 81 Australia contactless payments market by application 2014 - 2025 (USD Billion)
TABLE 82 South America contactless payments market, 2014 - 2025 (USD Billion)
TABLE 83 South America contactless payments market by device, 2014 - 2025 (USD Billion)
TABLE 84 South America contactless payments market by solution 2014 - 2025 (USD Billion)
TABLE 85 South America contactless payments market by application 2014 - 2025 (USD Billion)
TABLE 86 Brazil contactless payments market, 2014 - 2025 (USD Billion)
TABLE 87 Brazil contactless payments market by device, 2014 - 2025 (USD Billion)
TABLE 88 Brazil contactless payments market by solution 2014 - 2025 (USD Billion)
TABLE 89 Brazil contactless payments market by application 2014 - 2025 (USD Billion)
TABLE 90 MEA contactless payments market, 2014 - 2025 (USD Billion)
TABLE 91 MEA contactless payments market by device, 2014 - 2025 (USD Billion)
TABLE 92 MEA contactless payments market by solution 2014 - 2025 (USD Billion)
TABLE 93 MEA contactless payments market by application 2014 - 2025 (USD Billion)