Global Contactless Payments Market 2020 by Company, Regions, Type and Application, Forecast to 2025

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Market Overview

The global Contactless Payments market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 11.5% in the forecast period of 2020 to 2025 and will expected to reach USD 14890 million by 2025, from USD 9633.4 million in 2019.

The Contactless Payments market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.

Market segmentation

Contactless Payments market is split by Type and by Application. For the period 2015-2025, the growth among segments provide accurate calculations and forecasts for sales by Type and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

By Type, Contactless Payments market has been segmented into:

Payment Terminal Solution

Transaction Management

Security and Fraud Management

Hosted Point-of-sale

Analytics

By Application, Contactless Payments has been segmented into:

BFSI

Retail

IT & Telecom

Transportation

Hospitality

Government

Others

Regions and Countries Level Analysis

Regional analysis is another highly comprehensive part of the research and analysis study of the global Contactless Payments market presented in the report. This section sheds light on the sales growth of different regional and country-level Contactless Payments markets. For the historical and forecast period 2015 to 2025, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global Contactless Payments market.

The report offers in-depth assessment of the growth and other aspects of the Contactless Payments market in important countries (regions), including:

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia and Italy)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)

South America (Brazil, Argentina, Colombia)

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Competitive Landscape and Contactless Payments Market Share Analysis

Contactless Payments competitive landscape provides details by vendors, including company overview, company total revenue (financials), market potential, global presence, Contactless Payments sales and revenue generated, market share, price, production sites and facilities, SWOT analysis, product launch. For the period 2015-2020, this study provides the Contactless Payments sales, revenue and market share for each player covered in this report.

The major players covered in Contactless Payments are:

Ingenico Group

Giesecke & Devrient

On Track Innovations

Verifone Systems

Wirecard

Inside Secure

Heartland Payment Systems

Proxama

Oberthur Technologies

Gemalto

Table of Contents

1 Contactless Payments Market Overview

1.1 Product Overview and Scope of Contactless Payments

1.2 Classification of Contactless Payments by Type

1.2.1 Global Contactless Payments Revenue by Type: 2015 VS 2019 VS 2025

1.2.2 Global Contactless Payments Revenue Market Share by Type in 2019

1.2.3 Payment Terminal Solution

1.2.4 Transaction Management

1.2.5 Security and Fraud Management

1.2.6 Hosted Point-of-sale

1.2.7 Analytics

1.3 Global Contactless Payments Market by Application

1.3.1 Overview: Global Contactless Payments Revenue by Application: 2015 VS 2019 VS 2025

1.3.2 BFSI

1.3.3 Retail

1.3.4 IT & Telecom

1.3.5 Transportation

1.3.6 Hospitality

1.3.7 Government

1.3.8 Others

1.4 Global Contactless Payments Market by Regions

1.4.1 Global Contactless Payments Market Size by Regions: 2015 VS 2019 VS 2025

1.4.2 Global Market Size of Contactless Payments (2015-2025)

1.4.3 North America (USA, Canada and Mexico) Contactless Payments Status and Prospect (2015-2025)

1.4.4 Europe (Germany, France, UK, Russia and Italy) Contactless Payments Status and Prospect (2015-2025)

1.4.5 Asia-Pacific (China, Japan, Korea, India and Southeast Asia) Contactless Payments Status and Prospect (2015-2025)

1.4.6 South America (Brazil, Argentina, Colombia) Contactless Payments Status and Prospect (2015-2025)

1.4.7 Middle East & Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa) Contactless Payments Status and Prospect (2015-2025)

2 Company Profiles

2.1 Ingenico Group

2.1.1 Ingenico Group Details

2.1.2 Ingenico Group Major Business and Total Revenue (Financial Highlights) Analysis

2.1.3 Ingenico Group SWOT Analysis

2.1.4 Ingenico Group Product and Services

2.1.5 Ingenico Group Contactless Payments Revenue, Gross Margin and Market Share (2018-2019)

2.2 Giesecke & Devrient

2.2.1 Giesecke & Devrient Details

2.2.2 Giesecke & Devrient Major Business and Total Revenue (Financial Highlights) Analysis

2.2.3 Giesecke & Devrient SWOT Analysis

2.2.4 Giesecke & Devrient Product and Services

2.2.5 Giesecke & Devrient Contactless Payments Revenue, Gross Margin and Market Share (2018-2019)

2.3 On Track Innovations

2.3.1 On Track Innovations Details

2.3.2 On Track Innovations Major Business and Total Revenue (Financial Highlights) Analysis

2.3.3 On Track Innovations SWOT Analysis

2.3.4 On Track Innovations Product and Services

2.3.5 On Track Innovations Contactless Payments Revenue, Gross Margin and Market Share (2018-2019)

2.4 Verifone Systems

2.4.1 Verifone Systems Details

2.4.2 Verifone Systems Major Business and Total Revenue (Financial Highlights) Analysis

2.4.3 Verifone Systems SWOT Analysis

2.4.4 Verifone Systems Product and Services

2.4.5 Verifone Systems Contactless Payments Revenue, Gross Margin and Market Share (2018-2019)

2.5 Wirecard

2.5.1 Wirecard Details

2.5.2 Wirecard Major Business and Total Revenue (Financial Highlights) Analysis

2.5.3 Wirecard SWOT Analysis

2.5.4 Wirecard Product and Services

2.5.5 Wirecard Contactless Payments Revenue, Gross Margin and Market Share (2018-2019)

2.6 Inside Secure

2.6.1 Inside Secure Details

2.6.2 Inside Secure Major Business and Total Revenue (Financial Highlights) Analysis

2.6.3 Inside Secure SWOT Analysis

2.6.4 Inside Secure Product and Services

2.6.5 Inside Secure Contactless Payments Revenue, Gross Margin and Market Share (2018-2019)

2.7 Heartland Payment Systems

2.7.1 Heartland Payment Systems Details

2.7.2 Heartland Payment Systems Major Business and Total Revenue (Financial Highlights) Analysis

2.7.3 Heartland Payment Systems SWOT Analysis

2.7.4 Heartland Payment Systems Product and Services

2.7.5 Heartland Payment Systems Contactless Payments Revenue, Gross Margin and Market Share (2018-2019)

2.8 Proxama

2.8.1 Proxama Details

2.8.2 Proxama Major Business and Total Revenue (Financial Highlights) Analysis

2.8.3 Proxama SWOT Analysis

2.8.4 Proxama Product and Services

2.8.5 Proxama Contactless Payments Revenue, Gross Margin and Market Share (2018-2019)

2.9 Oberthur Technologies

2.9.1 Oberthur Technologies Details

2.9.2 Oberthur Technologies Major Business and Total Revenue (Financial Highlights) Analysis

2.9.3 Oberthur Technologies SWOT Analysis

2.9.4 Oberthur Technologies Product and Services

2.9.5 Oberthur Technologies Contactless Payments Revenue, Gross Margin and Market Share (2018-2019)

2.10 Gemalto

2.10.1 Gemalto Details

2.10.2 Gemalto Major Business and Total Revenue (Financial Highlights) Analysis

2.10.3 Gemalto SWOT Analysis

2.10.4 Gemalto Product and Services

2.10.5 Gemalto Contactless Payments Revenue, Gross Margin and Market Share (2018-2019)

3 Market Competition, by Players

3.1 Global Contactless Payments Revenue and Share by Players (2015-2020)

3.2 Market Concentration Rate

3.2.1 Top 5 Contactless Payments Players Market Share

3.2.2 Top 10 Contactless Payments Players Market Share

3.3 Market Competition Trend

4 Market Size by Regions

4.1 Global Contactless Payments Revenue and Market Share by Regions

4.2 North America Contactless Payments Revenue and Growth Rate (2015-2020)

4.3 Europe Contactless Payments Revenue and Growth Rate (2015-2020)

4.4 Asia-Pacific Contactless Payments Revenue and Growth Rate (2015-2020)

4.5 South America Contactless Payments Revenue and Growth Rate (2015-2020)

4.6 Middle East & Africa Contactless Payments Revenue and Growth Rate (2015-2020)

5 North America Contactless Payments Revenue by Countries

5.1 North America Contactless Payments Revenue by Countries (2015-2020)

5.2 USA Contactless Payments Revenue and Growth Rate (2015-2020)

5.3 Canada Contactless Payments Revenue and Growth Rate (2015-2020)

5.4 Mexico Contactless Payments Revenue and Growth Rate (2015-2020)

6 Europe Contactless Payments Revenue by Countries

6.1 Europe Contactless Payments Revenue by Countries (2015-2020)

6.2 Germany Contactless Payments Revenue and Growth Rate (2015-2020)

6.3 UK Contactless Payments Revenue and Growth Rate (2015-2020)

6.4 France Contactless Payments Revenue and Growth Rate (2015-2020)

6.5 Russia Contactless Payments Revenue and Growth Rate (2015-2020)

6.6 Italy Contactless Payments Revenue and Growth Rate (2015-2020)

7 Asia-Pacific Contactless Payments Revenue by Countries

7.1 Asia-Pacific Contactless Payments Revenue by Countries (2015-2020)

7.2 China Contactless Payments Revenue and Growth Rate (2015-2020)

7.3 Japan Contactless Payments Revenue and Growth Rate (2015-2020)

7.4 Korea Contactless Payments Revenue and Growth Rate (2015-2020)

7.5 India Contactless Payments Revenue and Growth Rate (2015-2020)

7.6 Southeast Asia Contactless Payments Revenue and Growth Rate (2015-2020)

8 South America Contactless Payments Revenue by Countries

8.1 South America Contactless Payments Revenue by Countries (2015-2020)

8.2 Brazil Contactless Payments Revenue and Growth Rate (2015-2020)

8.3 Argentina Contactless Payments Revenue and Growth Rate (2015-2020)

9 Middle East & Africa Revenue Contactless Payments by Countries

9.1 Middle East & Africa Contactless Payments Revenue by Countries (2015-2020)

9.2 Saudi Arabia Contactless Payments Revenue and Growth Rate (2015-2020)

9.3 UAE Contactless Payments Revenue and Growth Rate (2015-2020)

9.4 Egypt Contactless Payments Revenue and Growth Rate (2015-2020)

9.5 South Africa Contactless Payments Revenue and Growth Rate (2015-2020)

10 Market Size Segment by Type

10.1 Global Contactless Payments Revenue and Market Share by Type (2015-2020)

10.2 Global Contactless Payments Market Forecast by Type (2019-2024)

10.3 Payment Terminal Solution Revenue Growth Rate (2015-2025)

10.4 Transaction Management Revenue Growth Rate (2015-2025)

10.5 Security and Fraud Management Revenue Growth Rate (2015-2025)

10.6 Hosted Point-of-sale Revenue Growth Rate (2015-2025)

10.7 Analytics Revenue Growth Rate (2015-2025)

11 Global Contactless Payments Market Segment by Application

11.1 Global Contactless Payments Revenue Market Share by Application (2015-2020)

11.2 Contactless Payments Market Forecast by Application (2019-2024)

11.3 BFSI Revenue Growth (2015-2020)

11.4 Retail Revenue Growth (2015-2020)

11.5 IT & Telecom Revenue Growth (2015-2020)

11.6 Transportation Revenue Growth (2015-2020)

11.7 Hospitality Revenue Growth (2015-2020)

11.8 Government Revenue Growth (2015-2020)

11.9 Others Revenue Growth (2015-2020)

12 Global Contactless Payments Market Size Forecast (2021-2025)

12.1 Global Contactless Payments Market Size Forecast (2021-2025)

12.2 Global Contactless Payments Market Forecast by Regions (2021-2025)

12.3 North America Contactless Payments Revenue Market Forecast (2021-2025)

12.4 Europe Contactless Payments Revenue Market Forecast (2021-2025)

12.5 Asia-Pacific Contactless Payments Revenue Market Forecast (2021-2025)

12.6 South America Contactless Payments Revenue Market Forecast (2021-2025)

12.7 Middle East & Africa Contactless Payments Revenue Market Forecast (2021-2025)

13 Research Findings and Conclusion

14 Appendix

14.1 Methodology

14.2 Data Source

14.3 Disclaimer

14.4 About US


List of Tables

Table 1. Global Contactless Payments Revenue (USD Million) by Type: 2015 VS 2019 VS 2025

Table 2. Breakdown of Contactless Payments by Company Type (Tier 1, Tier 2 and Tier 3)

Table 3. Global Contactless Payments Revenue (USD Million) by Application: 2015 VS 2019 VS 2025

Table 4. Global Market Contactless Payments Revenue (Million USD) Comparison by Regions 2015-2025

Table 5. Ingenico Group Corporate Information, Location and Competitors

Table 6. Ingenico Group Contactless Payments Major Business

Table 7. Ingenico Group Contactless Payments Total Revenue (USD Million) (2017-2018)

Table 8. Ingenico Group SWOT Analysis

Table 9. Ingenico Group Contactless Payments Product and Solutions

Table 10. Ingenico Group Contactless Payments Revenue (USD Million), Gross Margin and Market Share (2018-2019)

Table 11. Giesecke & Devrient Corporate Information, Location and Competitors

Table 12. Giesecke & Devrient Contactless Payments Major Business

Table 13. Giesecke & Devrient Contactless Payments Total Revenue (USD Million) (2018-2019)

Table 14. Giesecke & Devrient SWOT Analysis

Table 15. Giesecke & Devrient Contactless Payments Product and Solutions

Table 16. Giesecke & Devrient Contactless Payments Revenue (USD Million), Gross Margin and Market Share (2018-2019)

Table 17. On Track Innovations Corporate Information, Location and Competitors

Table 18. On Track Innovations Contactless Payments Major Business

Table 19. On Track Innovations Contactless Payments Total Revenue (USD Million) (2017-2018)

Table 20. On Track Innovations SWOT Analysis

Table 21. On Track Innovations Contactless Payments Product and Solutions

Table 22. On Track Innovations Contactless Payments Revenue (USD Million), Gross Margin and Market Share (2018-2019)

Table 23. Verifone Systems Corporate Information, Location and Competitors

Table 24. Verifone Systems Contactless Payments Major Business

Table 25. Verifone Systems Contactless Payments Total Revenue (USD Million) (2017-2018)

Table 26. Verifone Systems SWOT Analysis

Table 27. Verifone Systems Contactless Payments Product and Solutions

Table 28. Verifone Systems Contactless Payments Revenue (USD Million), Gross Margin and Market Share (2018-2019)

Table 29. Wirecard Corporate Information, Location and Competitors

Table 30. Wirecard Contactless Payments Major Business

Table 31. Wirecard Contactless Payments Total Revenue (USD Million) (2017-2018)

Table 32. Wirecard SWOT Analysis

Table 33. Wirecard Contactless Payments Product and Solutions

Table 34. Wirecard Contactless Payments Revenue (USD Million), Gross Margin and Market Share (2018-2019)

Table 35. Inside Secure Corporate Information, Location and Competitors

Table 36. Inside Secure Contactless Payments Major Business

Table 37. Inside Secure Contactless Payments Total Revenue (USD Million) (2017-2018)

Table 38. Inside Secure SWOT Analysis

Table 39. Inside Secure Contactless Payments Product and Solutions

Table 40. Inside Secure Contactless Payments Revenue (USD Million), Gross Margin and Market Share (2018-2019)

Table 41. Heartland Payment Systems Corporate Information, Location and Competitors

Table 42. Heartland Payment Systems Contactless Payments Major Business

Table 43. Heartland Payment Systems Contactless Payments Total Revenue (USD Million) (2017-2018)

Table 44. Heartland Payment Systems SWOT Analysis

Table 45. Heartland Payment Systems Contactless Payments Product and Solutions

Table 46. Heartland Payment Systems Contactless Payments Revenue (USD Million), Gross Margin and Market Share (2018-2019)

Table 47. Proxama Corporate Information, Location and Competitors

Table 48. Proxama Contactless Payments Major Business

Table 49. Proxama Contactless Payments Total Revenue (USD Million) (2017-2018)

Table 50. Proxama SWOT Analysis

Table 51. Proxama Contactless Payments Product and Solutions

Table 52. Proxama Contactless Payments Revenue (USD Million), Gross Margin and Market Share (2018-2019)

Table 53. Oberthur Technologies Corporate Information, Location and Competitors

Table 54. Oberthur Technologies Contactless Payments Major Business

Table 55. Oberthur Technologies Contactless Payments Total Revenue (USD Million) (2017-2018)

Table 56. Oberthur Technologies SWOT Analysis

Table 57. Oberthur Technologies Contactless Payments Product and Solutions

Table 58. Oberthur Technologies Contactless Payments Revenue (USD Million), Gross Margin and Market Share (2018-2019)

Table 59. Gemalto Corporate Information, Location and Competitors

Table 60. Gemalto Contactless Payments Major Business

Table 61. Gemalto Contactless Payments Total Revenue (USD Million) (2017-2018)

Table 62. Gemalto SWOT Analysis

Table 63. Gemalto Contactless Payments Product and Solutions

Table 64. Gemalto Contactless Payments Revenue (USD Million), Gross Margin and Market Share (2018-2019)

Table 65. Global Contactless Payments Revenue (Million USD) by Players (2015-2020)

Table 66. Global Contactless Payments Revenue Share by Players (2015-2020)

Table 67. Global Contactless Payments Revenue (Million USD) by Regions (2015-2020)

Table 68. Global Contactless Payments Revenue Market Share by Regions (2015-2020)

Table 69. North America Contactless Payments Revenue by Countries (2015-2020)

Table 70. North America Contactless Payments Revenue Market Share by Countries (2015-2020)

Table 71. Europe Contactless Payments Revenue (Million USD) by Countries (2015-2020)

Table 72. Asia-Pacific Contactless Payments Revenue (Million USD) by Countries (2015-2020)

Table 73. South America Contactless Payments Revenue by Countries (2015-2020)

Table 74. South America Contactless Payments Revenue Market Share by Countries (2015-2020)

Table 75. Middle East and Africa Contactless Payments Revenue (Million USD) by Countries (2015-2020)

Table 76. Middle East and Africa Contactless Payments Revenue Market Share by Countries (2015-2020)

Table 77. Global Contactless Payments Revenue (Million USD) by Type (2015-2020)

Table 78. Global Contactless Payments Revenue Share by Type (2015-2020)

Table 79. Global Contactless Payments Revenue Forecast by Type (2021-2025)

Table 80. Global Contactless Payments Revenue by Application (2015-2020)

Table 81. Global Contactless Payments Revenue Share by Application (2015-2020)

Table 82. Global Contactless Payments Revenue Forecast by Application (2021-2025)

Table 83. Global Contactless Payments Revenue (Million USD) Forecast by Regions (2021-2025)

List of Figures

Figure 1. Contactless Payments Picture

Figure 2. Global Contactless Payments Revenue Market Share by Type in 2019

Figure 3. Payment Terminal Solution Picture

Figure 4. Transaction Management Picture

Figure 5. Security and Fraud Management Picture

Figure 6. Hosted Point-of-sale Picture

Figure 7. Analytics Picture

Figure 8. Contactless Payments Revenue Market Share by Application in 2019

Figure 9. BFSI Picture

Figure 10. Retail Picture

Figure 11. IT & Telecom Picture

Figure 12. Transportation Picture

Figure 13. Hospitality Picture

Figure 14. Government Picture

Figure 15. Others Picture

Figure 16. Global Contactless Payments Revenue (USD Million) and Growth Rate (2015-2025)

Figure 17. North America Contactless Payments Revenue (Million USD) and Growth Rate (2015-2025)

Figure 18. Europe Contactless Payments Revenue (Million USD) and Growth Rate (2015-2025)

Figure 19. Asia-Pacific Contactless Payments Revenue (Million USD) and Growth Rate (2015-2025)

Figure 20. South America Contactless Payments Revenue (Million USD) and Growth Rate (2015-2025)

Figure 21. Middle East and Africa Contactless Payments Revenue (Million USD) and Growth Rate (2015-2025)

Figure 22. Global Contactless Payments Revenue (Million USD) and Growth Rate (2015-2025)

Figure 23. Global Contactless Payments Revenue Share by Players in 2019

Figure 24. Global Top 5 Players Contactless Payments Revenue Market Share in 2019

Figure 25. Global Top 10 Players Contactless Payments Revenue Market Share in 2019

Figure 26. Key Players Market Share Trend

Figure 27. Global Contactless Payments Revenue (Million USD) and Growth Rate (%) (2015-2020)

Figure 28. Global Contactless Payments Revenue Market Share by Regions (2015-2020)

Figure 29. Global Contactless Payments Revenue Market Share by Regions in 2018

Figure 30. North America Contactless Payments Revenue and Growth Rate (2015-2020)

Figure 31. Europe Contactless Payments Revenue and Growth Rate (2015-2020)

Figure 32. Asia-Pacific Contactless Payments Revenue and Growth Rate (2015-2020)

Figure 33. South America Contactless Payments Revenue and Growth Rate (2015-2020)

Figure 34. Middle East and Africa Contactless Payments Revenue and Growth Rate (2015-2020)

Figure 35. North America Contactless Payments Revenue Market Share by Countries (2015-2020)

Figure 36. North America Contactless Payments Revenue Market Share by Countries in 2019

Figure 37. USA Contactless Payments Revenue and Growth Rate (2015-2020)

Figure 38. Canada Contactless Payments Revenue and Growth Rate (2015-2020)

Figure 39. Mexico Contactless Payments Revenue and Growth Rate (2015-2020)

Figure 40. Europe Contactless Payments Revenue Market Share by Countries (2015-2020)

Figure 41. Europe Contactless Payments Revenue Market Share by Countries in 2019

Figure 42. Germany Contactless Payments Revenue and Growth Rate (2015-2020)

Figure 43. UK Contactless Payments Revenue and Growth Rate (2015-2020)

Figure 44. France Contactless Payments Revenue and Growth Rate (2015-2020)

Figure 45. Russia Contactless Payments Revenue and Growth Rate (2015-2020)

Figure 46. Italy Contactless Payments Revenue and Growth Rate (2015-2020)

Figure 47. Asia-Pacific Contactless Payments Revenue Market Share by Countries (2015-2020)

Figure 48. Asia-Pacific Contactless Payments Revenue Market Share by Countries in 2019

Figure 49. China Contactless Payments Revenue and Growth Rate (2015-2020)

Figure 50. Japan Contactless Payments Revenue and Growth Rate (2015-2020)

Figure 51. Korea Contactless Payments Revenue and Growth Rate (2015-2020)

Figure 52. India Contactless Payments Revenue and Growth Rate (2015-2020)

Figure 53. Southeast Asia Contactless Payments Revenue and Growth Rate (2015-2020)

Figure 54. South America Contactless Payments Revenue Market Share by Countries (2015-2020)

Figure 55. South America Contactless Payments Revenue Market Share by Countries in 2019

Figure 56. Brazil Contactless Payments Revenue and Growth Rate (2015-2020)

Figure 57. Argentina Contactless Payments Revenue and Growth Rate (2015-2020)

Figure 58. Middle East and Africa Contactless Payments Revenue Market Share by Countries (2015-2020)

Figure 59. Middle East and Africa Contactless Payments Revenue Market Share by Countries in 2019

Figure 60. Saudi Arabia Contactless Payments Revenue and Growth Rate (2015-2020)

Figure 61. UAE Contactless Payments Revenue and Growth Rate (2015-2020)

Figure 62. Egypt Contactless Payments Revenue and Growth Rate (2015-2020)

Figure 63. South Africa Contactless Payments Revenue and Growth Rate (2015-2020)

Figure 64. Global Contactless Payments Revenue Share by Type (2015-2020)

Figure 65. Global Contactless Payments Revenue Share by Type in 2019

Figure 66. Global Contactless Payments Market Share Forecast by Type (2021-2025)

Figure 67. Global Payment Terminal Solution Revenue Growth Rate (2015-2020)

Figure 68. Global Transaction Management Revenue Growth Rate (2015-2020)

Figure 69. Global Security and Fraud Management Revenue Growth Rate (2015-2020)

Figure 70. Global Hosted Point-of-sale Revenue Growth Rate (2015-2020)

Figure 71. Global Analytics Revenue Growth Rate (2015-2020)

Figure 72. Global Contactless Payments Revenue Share by Application (2015-2020)

Figure 73. Global Contactless Payments Revenue Share by Application in 2019

Figure 74. Global Contactless Payments Market Share Forecast by Application (2021-2025)

Figure 75. Global BFSI Revenue Growth Rate (2015-2020)

Figure 76. Global Retail Revenue Growth Rate (2015-2020)

Figure 77. Global IT & Telecom Revenue Growth Rate (2015-2020)

Figure 78. Global Transportation Revenue Growth Rate (2015-2020)

Figure 79. Global Hospitality Revenue Growth Rate (2015-2020)

Figure 80. Global Government Revenue Growth Rate (2015-2020)

Figure 81. Global Others Revenue Growth Rate (2015-2020)

Figure 82. Global Contactless Payments Revenue (Million USD) and Growth Rate Forecast (2021-2025)

Figure 83. Global Contactless Payments Revenue (Million USD) Forecast by Regions (2021-2025)

Figure 84. Global Contactless Payments Revenue Market Share Forecast by Regions (2021-2025)

Figure 85. North America Contactless Payments Revenue Market Forecast (2021-2025)

Figure 86. Europe Contactless Payments Revenue Market Forecast (2021-2025)

Figure 87. Asia-Pacific Contactless Payments Revenue Market Forecast (2021-2025)

Figure 88. South America Contactless Payments Revenue Market Forecast (2021-2025)

Figure 89. Middle East and Africa Contactless Payments Revenue Market Forecast (2021-2025)

Figure 90. Sales Channel: Direct Channel vs Indirect Channel

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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