New York, NY -- (SBWire) -- 11/07/2018 --This report covers Next Generation Payment Technology Market from the bottom line, starting from its definition. Later, it segments the market on various criteria to give a depth of understanding on the various product types and pricing structures and applications. Next generation payment technology has helped to deliver secure financial services in various circumstances where threat to login data and financial information prevails. Latest payment technologies such as Europa MasterCard Visa (EMV) Chip, Near Field Communication (NFC), Bluetooth Low Energy (BLE), Quick Response Code (QR Code) and Magnetic Secure Transmission (MST) have made the payment transactions both technically and commercially feasible.
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The following figure shows estimation of payment transaction value for next generation payment technology from 2018 to 2023. Transaction value is estimated for 3 types of payment technology which are EMV Chip, NFC, and QR Code. For other 2 types of technology namely MST and BLE beacons, estimation was done based on transactions volume. Transaction volume is forecasted from 2018 to 2023 for two next generation payment technologies, MST and BLE.
Top Companies Profiled in this Report includes Apple, Samsung, Google, MasterCard, Visa, PayPal, Ingenico, Alipay, Square, Verifone, First Data, Cayan, Adyen, and Worldpay.
The next generation payment technology market is expected to progress at a significant rate since the end customers belong from diversified application portfolio ranging from retail to healthcare. The growth for this market is being driven by factors such as:
Massive proliferation of smartphones and tablets with payment technology capabilities
Growing popularity of wearable technology
Increasing adoption of e-commerce and m-commerce services
The payment technology market is expected to grow in the coming future due to its convenience, cost effectiveness, durability, portability and reliability.
However, the payment technology market consists of certain negative challenges which are inhibiting the overall growth for this market:
Cost of deployment of emerging payment technology
Integration of payment technology
Misuse of stored data/privacy breach
The payment technology market consists of certain opportunities which can lead to augmentation of the payment technology market and its overall growth:
Future in e-commerce
Global adoption of digitalization services
The payment technology market consists of certain market restraints which may stagnate the payment technology and hinder the overall growth for this market:
Pressure of big players
Lack of innovative business models
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In order to give a clear view of Next Generation Payment Technology market, competitive landscape has been gauged and mentioned along with value chain analysis. Current and introduced research and development projects has been delivered in this particular report. The major geographical regions which include, North America, Asia Pacific, Europe, the Middle East & Africa and Latin America are studied. Top manufacturers from all these regions are studied to help give a better picture of the market investment. Production, price, capacity, revenue and many such important data is been discussed with precise data.
The competitive landscape of the Global Next Generation Payment Technology Market is described in terms of the players and their statistics. For each key player, the report reveals production rates, costing, overall pricing, revenue generation, and market share within the global market. One of the top drivers in the market is its growing utility in the wearable technologies market. Additionally, the global market is also finding the considerable scope of use in commercial electronics, as the consumption rate of smartphones and portable devices increases rapidly and the need for ground-breaking steps is very high.
The analysis of the manufacturing fee shape of the Global Next Generation Payment Technology Market has been finished based totally on key aspects which includes enterprise chain structure, production process, raw materials, and their providers. The production flowers evaluation and technical information of the market have been explained within the lighting fixtures of uncooked material assets, era assets, studies and improvement status, manufacturing plants distribution, and business manufacturing date and capability.
Table of Contents (TOC)
Global Next Generation Payment Technology Market Research Report Forecast 2023
Chapter 1:- Next Generation Payment Technology Market Overview
Chapter 2:- Economic Impact on Industry
Chapter 3:- Production, Business Opportunities with Potential Analysis
Chapter 4:- Rising Trends and New Technologies with key players
Chapter 5:- Manufacturing Cost Analysis
Chapter 6:- Technology Progress, Development Process and Downstream Buyers
Chapter 7:- Marketing Strategy Analysis, Distributors/Traders
Chapter 8:- Market Share by Key Countries in These Regions
Chapter 9:- Show the Market by Type and Application, With Sales Market Share and Growth Rate
Chapter 10:- Appendix and Data Source
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