The global Contactless Payment market report published by Reports and Data offers a comprehensive overview of the market along with focus on key trends observed in the industry. The report discusses in detail the business sphere and highlights changes in the market dynamics as a result of disease outbreak, pandemic, and other scenarios. The report also offers key insights into financial standing, research and development activities, and product offerings that are influencing the market growth. The report also talks about strategic alliances such as mergers and acquisitions, joint ventures, collaborations, licensing and manufacturing agreements, and others occurring in the market that can impact market growth going ahead.
Contactless payment is a safe and secure technology developed with the help of Internet of Things (IoT), which allows consumers to make payments or perform transactions with the help of smartphones, wearable smart watches, credit cards, and debit cards. Contactless payment enables transactions to be carried out without any physical connection between a consumer’s payment device and the point-of-sale terminal. It works based on the principle of radio-frequency matching and the NFC technology to help make payments in a range of proximity. Unique identification numbers and IC chips embedded in smart cards as well as in handheld transaction devices enable customers to make payments at stores, banks, etc. by waving the smart card.
The report also presents a comprehensive analysis of global Contactless Payment market in view of the Covid-19 pandemic. The pandemic has affected the market in terms of sales, production, financial investment, international trade activities and market disruption.
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Leading companies operating in the market and profiled in the report include:
- Gemalto
- Visa Inc.
- Giesecke & Devrient GmbH
- Heartland Payment Systems, Inc.
- Verifone
- Ingenico Group SA
- On Track Innovations Ltd.
- IDEMIA
- Thales Group
- Wirecard AG
Market Overview:
Intelligent building management systems, telecommunications, computer and network hardware, video-conferencing, satellite systems, social networking, and other technologies are all covered under the umbrella term of information and communication technology (ICT). ICT is a complex and difficult field to work in since it necessitates substantial research and development as well as significant investments in the development of technologically advanced hardware and software to tackle complex challenges. Advanced technologies such as Artificial Intelligence (AI), Machine Learning (ML), Virtual Reality (VR), Mixed Reality (MR), and Augmented Reality are used in the sector to implement commercial applications and control the nation’s security and governance.
The global Contactless Payment market research report has been formulated with extensive primary and secondary research and also covers SWOT examination and Porter’s Five Forces Analysis to offer detailed analysis of the leading companies. The report also offers a detailed analysis of market share, market size, market volume and value, product portfolio, product development and advancement, technological upgrades, and segmentation based on types, application, end-use, and region.
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Reasons for Buying this Report:
- The report focuses on market share, market size, revenue share, industry growth rate, regional bifurcation, and overall industry outlook.
- The study provides pin-point analysis for changing competitive dynamics.
- The report helps readers in understanding the product segments and their future growth.
- Analysts in this research report can quickly expand their business by focusing on various business and market strategies.
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments.
- PEST analysis of the market in the five major regions.
The global Contactless Payment market research report provides a competitive strategy analysis portfolios to provide a better understanding of the competitive landscape. The goal of this report is to help readers improve their industry’s performance by focusing on recent developments, technology advancements, and various standard operating procedures and tools.
Contactless Payment Market Segmentation:
By Component
- Hardware
- PoS Terminals
- Smart Cards
- Solutions
- Services
- Consulting
- Integration & Deployment
- Support & Maintenance
By End-user
- Retail
- Hospitality
- Healthcare
- Energy & Utilities
- Transportation & Logistics
- BFSI
- Others
By Technology
- RFID
- NFC
- IR
- Others
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Regional Outlook:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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