Contactless Payment Market Demand Trend: Top Key Players Are Giesecke & Devrient GmbH, Proxama,Verifone Systems, on Track Innovations, Ingenico Group, Oberthur Technologies Sa, Wirecard AG, Inside Secure, Gemalto N.V.

The Global Contactless Payment Market was valued at USD 6.81 Billion in 2016 and is Projected to Reach USD 39.73 Billion by 2025, growing at a CAGR of 21.65% from 2017 to 2025.

Verified Market Research has recently published a new report named “Contactless Payment Market Size and Forecast to 2025". This report intends to study the developments of the Contactless Payment Market in, including its development status, applicant profiles and future trends, along with focus on the top Key players in the market. To understand all of it, this well-researched report will reveal the market situation in general for you, along with the future forecast of the market.

An exclusive Contactless Payment Market research report created through broad primary research (inputs from industry experts, companies, and stakeholders) and secondary research, the report aims to present the analysis of Global Contactless Payment Market by Type, By Application, By Region - North America, Europe, South America, Asia-Pacific, Middle East and Africa. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global Contactless Payment market. Additionally, the report also highlights market entry strategies for various companies across the globe.

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The Contactless Payment System is an addition to the point of sales payment system that functions on the basis of not using transactions that are traditional such as credit or debit card, as well as cash. The implementation of this method results in the user having to only place their mode of payment (i.e. card) in close distance to the hardware that is being used to cashier. This action itself, without the input of a PIN, will be enough to be able to complete the transaction. There are several advantages of using such a system as contactless payment, this system is easy to use, extremely convenient, especially in comparison to traditional payment methods as well as it increases the overall efficiency in the payment method.
With the rising need for contactless payment, the technology is now being implemented in smart phones. This results in the necessity of a more flexible integration of the system with the already existing cards as well as an increase in the average transaction value. The application of this practice has led to an overall decrease in transaction time as well as rise in the average transaction value. This technology advancement has led to the increase of the adoption of systems such as the dual faced chip technology. These factors are driving the market for contactless payment market. The lessening of the deployment costs, weak standardization, and the security concerns that are related to this market are factors that are restraining the growth of the market.

Global Contactless Payment Market Competitive Landscape
The Major Players in the Market are as follows:
1. Giesecke & Devrient GmbH
2. Proxama, PLC
3. Verifone Systems, Inc.
4. on Track Innovations
5. Ingenico Group
6. Oberthur Technologies Sa
7. Wirecard AG
8. Inside Secure
9. Gemalto N.V.
10.Heartland Payment Systems, Inc.

Also, key Contactless Payment Market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.

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Table Of Content

1 Introduction Of The Global Contactless Payment
2 Executive Summary
3 Research Methodology Of Verified Market Intelligence
4 The Global Contactless Payment Outlook
5 The Global Contactless Payment, By Systems
6 The Global Contactless Payment, By Service
7 The Global Contactless Payment, By Verticals
8 The Global Contactless Payment, By Applications
9 The Global Contactless Payment, By Geography
10 The Global Contactless Payment Competitive Landscape

Reason to Buy

- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Contactless Payment market
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Contactless Payment market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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