Summary:
Contactless payment means making purchases in a point of sale (PoS) system without the need to tap or insert the card.
Payment cab is rendered by simply waving the phone at a (PoS) terminal. Widely, there are three types of technologies that let you do that, often known as NFC Technology.
In addition, the system allows devices to communicate within a distance of 4 cm, and it is compulsory that both the devices the card and the merchant's PoS terminal comply with NFC.
Market Snapshot
A recently published report by QY Research, titled “Global Contactless PoS Payment Market Size, Status and Forecast 2022” gives an overview of the overall Contactless PoS Payment market. This section sheds light on key impact-rendering drivers and constraints that are impacting the growth. It permits users to understand the different shortcomings and how they may hamper the development afterward. This segment is considered to be one of the most crucial segments of the report as it helps readers comprehend the impact of various macro and microeconomic factors on development. The role of various sectors, including small-scale and large-scale, in the expansion has also been discussed in the report. Additionally, the industry experts have put forth the current trends and prospects, which are likely to aid the growth in the upcoming years.
The global Contactless PoS Payment market size is projected to reach US$ million by 2027, from US$ million in 2020, at a CAGR of % during 2021-2027.
Impact of Covid-19 Outbreak
This section of the report has explored the overall status of the Covid scenario and has offered valuable insights into the changes in supply chain disruption, fluctuations in demand, etc. The analysts have also focused on the key measures that the companies are opting to withstand the harsh scenario.
Segmental Analysis
The report has been segmented into product and application segments. The researchers have documented all the products present today in the Contactless PoS Payment market. They have also shed light on the new product innovations and launches by the key players. In the segmental analysis, the analysts have provided revenue forecast figures based on type and application for the period 2016-2027. They have also discussed about the growth rate and potential of each segment for the period 2016-2027.
Contactless PoS Payment Breakdown Data by Type
Smartphones
Smartcards
Others
Contactless PoS Payment Breakdown Data by Application
Retail
Hospitality
Healthcare
Energy and Utilities
Transportation
Logistics
BFSI
Others
Regional Analysis
The significant regions that are studied in the research report encompass North America, Europe, Asia Pacific, Central and South America, and the Middle East and Africa. In this section of the report, the specialists have explored various areas that are contributing to the development and can present lucrative growth prospects for the manufacturers in the forthcoming years. The report also provides region-wise and country-wise sales and revenue forecast data for the period 2021-2027.
Competitive Landscape
This segment focuses on the key players operating in the industry. It underlines all the current and future activities by the prominent manufacturers. By understanding various initiatives being taken up by different players, readers will gain the ability to settle on correct business choices. The authors of the report have provided accurate revenue figures of the companies for the period 2016-2021. The clients are sure to gain the upper hand once they get hold of this report. Key players studied in the research report include:
Gemalto
Infineon
Ingenico
Wirecard
Verifone
Giesecke+Devrient
IDEMIA
On Track Innovations
Identiv
CPI Card Group
Frequently Asked Questions
What factors will challenge the Contactless PoS Payment market growth?
Which end-use segment will expand at the fastest CAGR in the Contactless PoS Payment market?
Which are the emerging players in the Contactless PoS Payment market?
How concentrated is the Contactless PoS Payment market?
Which factors are positively contributing to the Contactless PoS Payment market growth?
Which are the novel product innovations in the Contactless PoS Payment market?
Which product segment will emerge as the most lucrative in the Contactless PoS Payment market?
Which factors are increasing the competition in the Contactless PoS Payment market?
Which are the strategic measures taken by the Contactless PoS Payment industry players?
Which region will witness inactive growth during the forecast period?
Summary:
Get latest Market Research Reports on Contactless PoS Payment . Industry analysis & Market Report on Contactless PoS Payment is a syndicated market report, published as Global Contactless PoS Payment Market Size, Status and Forecast 2022. It is complete Research Study and Industry Analysis of Contactless PoS Payment market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.