Global Contactless Payment Transaction Market – Lucrative Business Opportunities for Go Cashless System


According to Goldstein Research, global contactless payment transaction market is expected toreach USD 776.4 billion by 2024 from USD 49.7 billion in 2016, growing at a CAGR of 41.0% over the forecast period 2016-2024.Fast transaction facility to save time and reduces stress for being in the queue by the introduction of banking apps are gaining huge consumer’s interest and is thus augmenting the growth of the contactless payment transactions. Global contactless payment transaction market segmentation has been carried out on the basis ofpayment mode and by end-user.Based on payment mode, Contactless smart cards held the largest share of the global market in terms of both revenue and volume in 2015. Global contactless payment transaction market is dominated by Europe and accounted for 55% revenue share in 2015.Asia-Pacific is the fastest growing region for contactless payment transaction market on the back of growing adaptation of digitization in India which is driving e-commerce market and has shown 40% increase in digital transaction in past three years.
Market Segmentation
On the basis of our in-depth analysis, Global Contactless Payment Transaction Market can be segmented as follows:
• Based on Payment Mode
o Wearable Devices
o Contactless Smart Card (Radio-frequency Identification/Near Field Communication Technology)
o Contactless Mobile Payment
• Based on End-User
o Government
o Banking & Finance
o IT & Telecommunication
o Transportation & Logistics
o Energy & Utilities
o Healthcare
o Retail
o Hospitality
• By Region
o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

“Global Contactless Payment Transaction Market Industry Analysis” contains detailed overview of the global contactless payment transaction market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by payment mode and by end-user.
Further, for the in-depth analysis, Global Contactless Payment Transaction Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such asApple Inc., Barclays, Gemalto N.V, Samsung Electronics, Giesecke & Devrient GmbH, Heartland Payment Systems, Ingenico Group, Inside Secure, On Track Innovations LTD, Verifone Systems, Oberthur Technologies SA, Proxama PLC, Wirecard AG , etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global contactless payment transaction market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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