NJ New Jersey, USA -- (SBWire) -- 01/05/2023 --The latest study released on the Global Contactless Revolution Market by AMA Research evaluates market size, trend, and forecast to 2027. The Contactless Revolution market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Key Players in This Report Include:
Mastercard Incorporated (United States), Visa (United States), Google (United States), BHIM (India), Paypal (Unted States), Gemalto (Netherlands), Ingenico (France), Wirecard (Germany), Verifone (Unite States), Giesecke+Devrient (Germany), IDEMIA (France)
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Definition:
Countries and card companies all around the world are raising the transaction threshold for contactless transactions in order to encourage consumers to use a safer method of making purchases. As a result, contactless transactions are on the rise, with a drive for cashless choices in all payment situations, including retail and unattended. The contactless revolution is led by contactless payments. Debit cards, credit cards, smart cards, and any other device that employs RFID or NFC to make a secure payment are examples of contactless payment systems. Contactless payment is useful for secure money transfers and other transactions, which are boosting the market's growth. The contactless payment provides rapid and effective payment options via an NFC mobile phone, EMV contactless card, or other contactless cards, hence expanding contactless payment usage and propelling the contactless payment market forward.Because of its secure payment mechanism, the growing adoption of contactless payment solutions boosts convenience and improves operational efficiency, driving the market for contactless payment systems. The market's growth is being aided by the increasing use of contactless payment technologies in smartphones and mobile telephones. Factors like shorter transaction times and ease of processing are propelling the sector forward.
Market Trend:
- Integration of Internet of Things (Iot) With An Existing Contactless Payment Terminal
Market Drivers:
- Ensure Faster Transactions
- Rapid &Secured Transactions
- Surge in Demand for Mobile & Wearable Payment Devices
Market Opportunities:
- Rise in Adoption of Technology by Merchants for Small Value Transactions
- Use of Security Features of Emerging Technologies
The Global Contactless Revolution Market segments and Market Data Break Down are illuminated below:
by Type (Hardware (POS, Cards, Others), Solutions (Services, Consulting, Integration and Deployment, Support and Maintenance)), Technology (Cellular Mobile Devices, Smart Cards, Point of Sales Terminals, NFC Chips, Others), Industry Verticals (Retail, Hospitality, Healthcare, Transportation and Logistics, BFSI, Others)
Global Contactless Revolution market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to help the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Objectives of the Report
- -To carefully analyze and forecast the size of the Contactless Revolution market by value and volume.
- -To estimate the market shares of major segments of the Contactless Revolution
- -To showcase the development of the Contactless Revolution market in different parts of the world.
- -To analyze and study micro-markets in terms of their contributions to the Contactless Revolution market, their prospects, and individual growth trends.
- -To offer precise and useful details about factors affecting the growth of the Contactless Revolution
- -To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Contactless Revolution market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
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Major highlights from Table of Contents:
Contactless Revolution Market Study Coverage:
- It includes major manufacturers, emerging player's growth story, and major business segments of Contactless Revolution market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
- Contactless Revolution Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
- Contactless Revolution Market Production by Region Contactless Revolution Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
- Key Points Covered in Contactless Revolution Market Report:
- Contactless Revolution Overview, Definition and Classification Market drivers and barriers
- Contactless Revolution Market Competition by Manufacturers
- Impact Analysis of COVID-19 on Contactless Revolution Market
- Contactless Revolution Capacity, Production, Revenue (Value) by Region (2021-2027)
- Contactless Revolution Supply (Production), Consumption, Export, Import by Region (2021-2027)
- Contactless Revolution Production, Revenue (Value), Price Trend by Type {Payment Gateway, Merchant Account, Subscription Management,}
- Contactless Revolution Manufacturers Profiles/Analysis Contactless Revolution Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
- Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
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Key questions answered
- How feasible is Contactless Revolution market for long-term investment?
- What are influencing factors driving the demand for Contactless Revolution near future?
- What is the impact analysis of various factors in the Global Contactless Revolution market growth?
- What are the recent trends in the regional market and how successful they are?
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Contactless Revolution Market to See Booming Growth : Gemalto, Google, Mastercard, Paypal