Recent research and the current scenario as well as future market potential of "Contactless Payment Market: Global Industry Analysis and Opportunity Assessment 2017-2027" globally.

Albany, NY -- (SBWire) -- 11/19/2018 --Contactless payment is the mode where in secure payment transactions are done using technologies such as bluetooth, infrared, radio frequency identification (RFID), and near field communication (NFC). Contactless payment takes almost one-tenth of the time taken by the traditional electronic transaction making it more hassle-free for the customers. The need to make payment more securely and the convenience to pay fast without having any cash or identity details is making contactless payment mode popular game changer. Initially, contactless cards were used in the form of travelling tickets only; it has evolved and is helping consumers to make payments for almost anything. Contactless payment has an upper limit to amount paid and number of transactions per day.

Contactless Payment Market: Drivers

A number of factors are contributing to the growth of contactless payment systems such as advancement in contactless payment technology, rising awareness of plastic money among the buyers, increasing frequency of purchases and the need for fast transaction time without any inconvenience of standing in long queues. Contactless payment is further evolving, making itself a useful interface between the consumers and retailers, advertiser, and marketers.

Request to Get Sample Copy of This Report @ https://www.marketresearchreports.biz/sample/sample/13172

Contactless Payment Market: Restraints

The initial installation cost, government limitation to number of contactless payment transactions per day and the amount limitation that can be transacted per day are few shortfalls of contactless payment which are hindering the contactless payment market growth. Risk of spyware, malware and virus attacks due to usage of numerous systems is limiting the adoption of contactless payment globally. Low awareness of this mode of payment, especially across Asia Pacific and Latin America, is further restricting the contactless payment market growth.

Contactless Payment Market: Segmentation

Contactless payment market can be segmented on the basis of type, mode of payment, end user, technology and region. On the basis of type, contactless payment market can be segmented into hardware and software. Hardware can be sub-segmented into smart-cards, point of sale (POS) terminals and smart-card readers. The software segment can be sub-segmented into smartcard reader drivers, POS software, application programing interface (API), software development kit (SDK) and mobile applications. On the basis of mode of payment, contactless payment market can be segmented into smart card, smart wearable, smartphone and others. On the basis of end user, contactless payment market can be segmented into Banking, Financial services and Insurance (BFSI), retail, public sector, transportation and logistics, hospitality, and others. On the basis of technology, contactless payment market can be segmented into infrared based, Bluetooth based, NFC based and RFID based. On the basis of region, contactless payment can be segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa.

Request to Get Complete Report List Of Tables and Figures @ https://www.marketresearchreports.biz/sample/toc/13172

Contactless Payment Market: Regional Outlook

As of 2016, contactless payment system has high penetration in North America. The market in Europe is expected to grow considerably in the near future. Asia Pacific is contributing to the contactless payment market with growing purchasing power of people in the region, and also due to increasing acceptance of this mode of payment.

Contactless Payment Market: Competition Landscape

The key players in the contactless payment market include ACS (Advanced Card Systems) Ltd., Chip & Pin Solutions Ltd., Mifare Pty Limited, Ingenico Inc., Gemalto N.V., Verifone Systems Inc., Heartland Payment Systems Inc., On Track Innovations Ltd., Castles Technology Co. Ltd., and Bindo Labs Inc. These companies are investing in updated technologies to improve the existing system and a few of them are following the strategy of mergers and acquisition to upgrade their payment system. Increasing innovation in the contactless payment mode and initiatives to enhance awareness of contactless payment technology is anticipated to drive the contactless payment market.

View More Details @ https://www.marketresearchreports.biz/electronics-and-semiconductors/13172/contactless-payment-global-industry-analysis-market-research-reports

The report covers exhaustive analysis on:

Contactless Payment Market Segments

Contactless Payment Market Dynamics

Historical Actual Market Size, 2013 - 2015

Contactless Payment Market Size & Forecast 2017 to 2027

Supply & Demand Value Chain

Contactless Payment Market Current Trends/Issues/Challenges

Competition & Companies involved

Technology

Value Chain

Contactless Payment Market Drivers and Restraints

Regional analysis for Contactless Payment Market includes development of these systems in the following regions:

North America
US
Canada
Latin America
Brazil
Argentina
Mexico
Rest of Latin America
Western Europe
U.K.
France
Germany
Italy
France
Spain
Nordic
Benelux
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific Excluding Japan
Australia and New Zealand (A&NZ)
Greater China
India
ASEAN
Rest of Asia Pacific Excluding Japan
Japan
Middle East and Africa
GCC Countries
Israel
South Africa
Turkey
Rest of Middle East and Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

Detailed overview of parent market

Changing market dynamics in the industry

In-depth market segmentation

Historical, current, and projected market size in terms of volume and value

Recent industry trends and developments

Competitive landscape

Strategies of key players and products offered

Potential and niche segments, geographical regions exhibiting promising growth

A neutral perspective on market performance

Must-have information for market players to sustain and enhance their market footprint

Request to Buy This Premium Report From Here @ https://www.marketresearchreports.biz/checkout?rep_id=13172&licType=S

About MarketResearchReports.biz
MarketResearchReports.biz is a seller of syndicated market studies, featuring an exhaustive collection of research reports from leading international publishers. Our repositoryis diverse, spanningvirtually every industrial sector and even more every category and sub-category within the industry. We also provide consulting services to enable our clients have adynamicbusiness perspective.

Contact Us

State Tower
90 State Street, Suite 700
Albany, NY 12207
United States

Toll Free: 866-997-4948
(USA-Canada)

Tel: +1-518-621-2074
E: sales@marketresearchreports.biz