Global “Contactless Payment Terminals Market” report provides detail analysis of all market dynamics including drivers and restraints, and trends and opportunities. Important factors supporting growth across various is also provided. Using the industrial figures, the market finds growth figures between the forecast period from 2019 – 2024. In order to present an executive-level model of the market and its future perspectives, Contactless Payment Terminals Market report presents a clear segmentation based on different parameters. The factors that affect these segments are also discussed in detail in the report.
Following Companies Are Covered by Contactless Payment Terminals Market
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Scope of the Report:
The Research Document Will Answer Following Questions Such as:
What are the cutting-edge technologies responsible for driving the growth of the market?
What are the main applications of the market? What are the growth prospects to the market applications into the market?
At what stage of development are the key market products?
What are the shortcomings that has to face to become commercially viable? Is their growth and commercialization dependent on cost declines or technological/application breakthroughs?
What is the outlook for the industry?
What difference does performance characteristics of Contactless Payment Terminals create from those of established entities?
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Key Market Trends:
Increasing Internet Penetration to Drive the Contactless Payment Terminals Market
– The growth of the contactless payment terminals market will be driven by internet penetration as a strong internet connection is the backbone of this payment method.
– The number of internet users in 2018 reached more than 4 billion, depicting a 7% year-on-year growth rate.
– Moreover, with increasing digitization and smart cities, people will be more inclined towards contactless payment methods as they offer convenience and quicker checkout time.
– Also, smartphone manufacturers are coming out with contactless payment methods such as Samsung Pay. All this will aid the contactless payment terminals market to grow.
– Moreover, North America has the highest internet penetration rate followed by Europe, Australia, Latin America. The world average of internet penetration rate is 56.80 %. With increasing penetration level of the internet, people are adapting themselves to new technology and they are becoming more technology oriented. This boost the contactless payment market.
– Applications like Google Pay, Apple Pay, Samsung Pay & many more are driving the market by providing easy to use, one tap money transfer, rewards and lot of other perks.
Europe to Have Largest Share in the Contactless Payment Terminals Market
– Owing to increasing smart card rollouts and technological advancements, Europe is expected to lead the market with the largest share.
– According to the Electronic Transactions Association (ETA), contactless payments on the Mastercard and Maestro networks grew by 145% in Europe, in 2018. Growth in contactless payments was robust across multiple countries in Europe, thus driving interest in wearable payments.
– According to UK Finance, there were 1.6 billion debit and credit card transactions in the UK. Nearly a third of all card transactions in the UK were made using contactless cards. There were 642 million contactless card transactions in January 2019, a 19.5 percent increase from 537 million a year earlier.
– Moreover, banks are integrating with mobile payment apps in the European region, owing to the increasing adoption of smartphones. For instance, Apple is integrating with Monzo.
Reasons for Buying Contactless Payment Terminals Market Report:
This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a five-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
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Detailed TOC of Contactless Payment Terminals Market Report 2019-2024:
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Industry Attractiveness – Porter’s Five Force Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers/Consumers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Introduction to Market Drivers and Restraints
4.4 Market Drivers
4.4.1 Reduction in Queuing Time and Quicker Checkout Time
4.4.2 Convenience and Ease Associated with Contactless Payments
4.5 Market Restraints
4.5.1 Security Concerns in Digital Payment
5 MARKET SEGMENTATION
5.1 By Technology
5.1.3 Radio-frequency Identification (RFID)
5.1.4 Near Field Communication (NFC)
5.2 By Payment Mode
5.2.2 Credit/Debit Card
5.2.3 Stored Value
5.2.4 Smart Card
5.2.5 Other Payment Modes
5.3 By Device
5.3.1 Integrated POS
5.3.4 Unattended Terminal
5.3.5 Contactless Reader
5.3.6 Other Devices
5.4 By End-user Industry
5.4.7 Other End-user Industries
5.5.1 North America
126.96.36.199 United States
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
220.127.116.11 Rest of Asia-Pacific
5.5.4 Latin America
18.104.22.168 Rest of Latin America
5.5.5 Middle East & Africa
22.214.171.124 Saudi Arabia
126.96.36.199 South Africa
188.8.131.52 Rest of Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Gemalto NV (Thales Group)
6.1.2 OTI Global
6.1.3 VeriFone Systems Inc
6.1.5 Ingenico Group SA
6.1.6 Hewlett Packard Enterprise
6.1.7 Castles Technologies
6.1.8 ID Tech Solutions
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
Name: Ajay More
Phone: US +14242530807/ UK +44 20 3239 8187
Email: [email protected]
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