Global Contactless Payment Terminals Market Research Report (2019 – 2024) – CAGR Status, Market Growth, Trends, Analysis and Forecasts upto upcoming five years – 360 Market Updates

Contactless Payment Terminals

Contactless Payment Terminals Market (2018 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Contactless Payment Terminals market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

Contactless Payment Terminals Market report is anticipated to register a CAGR of 22.12% over a five years forecast period (2018 – 2023).”

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List of Major Key players operating in the Global Contactless Payment Terminals Market are –

  • OTI
  • VeriFone
  • Visiontek
  • Ingenico
  • Hewlett Packard
  • Castles Technologies
  • ID Tech Solutions
  • Bindo
  • ShopKeep
  • Payleven
  • Poynt
  • Revel Systems

The contactless payment terminals market was valued at USD 8.6 billion in 2017 and is projected to reach USD 28.7 billion by the end of 2023, growing at a CAGR of 22.12% over the forecast period of 2018-2023. The scope of the report is limited to the type of technology, payment modes, and devices used in contactless payment. The regions considered in the scope of the report include – North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

The pace with which the payments can be processed is making contactless payment lucrative for businesses and the faster checkout times, along with the ease of payments, are making users upgrade their cards to contactless ones. While increasing internet penetration is driving the growth of the contactless payment terminals market, concerns over the security of information that is visible through such terminals is set to hinder the growth to some extent.

Increasing Internet Penetration

The growth of the contactless payment terminals market will be driven by internet penetration as a strong internet connection is the backbone of this payment method.

The number of internet users in 2018 reached more than 4 billion, depicting a 7% year-on-year growth rate. Moreover, with increasing digitization and smart cities, people will be more inclined towards contactless payment methods as they offer convenience and quicker checkout time. Also, smartphone manufacturers are coming out with contactless payment methods such as Samsung Pay. All this will aid the contactless payment terminals market to grow.

Retail Sector

Contactless payments have become one of the hottest ways to pay globally. A contactless payment is a payment transaction that does not require physical contact between a consumer’s payment device and a point-of-sale terminal. The introduction of NFC-enabled mobile payments with Apple Pay, Android Pay, and Samsung Pay, and the use of contactless bank cards for transit – are increasing the value of contactless payments for consumers, issuers, and merchants.

Contactless payments provide merchants and issuers an opportunity to improve payments security, transaction speeds, and the customer experience. With the move to EMV chip technology, the POS infrastructure can also be enabled to support contactless payments, which delivers a host of benefits to merchants, issuers, and their customers.

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Scope of the Report:

The report analyses Contactless Payment Terminals market, which includes –

  • Analysis of the growth of Contactless Payment Terminals market in global and regional level including Asia-Pacific, Americas, and EMEA.
  • The report provides Contactless Payment Terminals market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
  • The report offers country level Contactless Payment Terminals market volume and value by end-user segment for the period 2012-2023.
  • Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Contactless Payment Terminals market are discussed.
  • The report provides competitive landscape at country level for the year 2018. It also covers key policies and initiatives, key deals, and key upcoming projects.

Highlighted points of Contactless Payment Terminals Market Report:

  • Varying dynamics of the Contactless Payment Terminals industry.
  • Prospective changes in sales volumes and worldwide share growth in upcoming years (2018-2023).
  • Contactless Payment Terminals market report recognizes the key drivers of growth and challenges of the key industry players.
  • Competitors profiles along with product description, overview, and business data.
  • A complete analysis of market risks, opportunities, limitations, and growth of the market.
  • Market driving and restraining factors.
  • Delivers information on the historical and current market size and the future potential of the market.
  • Contactless Payment Terminals market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.

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Reasons to Purchase Contactless Payment Terminals Market Report:

  • The report analyses how stringent emission control norms will drive the global Contactless Payment Terminals market.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
  • Study on the product type that is expected to dominate the market.
  • Study on the regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares and strategies employed by the major Contactless Payment Terminals market players.
  • 3 months’ analyst support along with the Market Estimate sheet (in excel).

In this study, the years considered to estimate the market size of Contactless Payment Terminals:

History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2023

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Contact Info: –

360 Market Updates

Mr. Ajay More

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UK: +44 203 239 8187

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