Aleje Jerozolimskie 65/79, 00-697 Warsaw, Poland

Contactless Payment Terminals Market Insights 2019 | Geographical Regions, International Market Size and Growth Forecast to 2024

GIVE US A TRY

Contactless Payment Terminals Market Insights 2019 | Geographical Regions, International Market Size and Growth Forecast to 2024

Press Release

Contactless Payment Terminals

This “Contactless Payment Terminals Market” report provides a detailed study on market and how it is impacting the industry. The report includes details of emerging trends, growth history, sales channel, manufacturers profiled in business, market share of product, application and regional scope of industry. In addition, the report also mentions opportunities that manufacturers operating in the global Contactless Payment Terminals market can use for expanding their business in untapped market to increase their customer base.

Request a Sample Copy of the Report – https://www.industryresearch.co/enquiry/request-sample/14245255

Market Overview:

  • The global contactless payment terminals market was valued at USD 10.51 billion in 2018 and is expected to reach USD 40.58 billion by the end of 2024, growing at a CAGR of 25.86% during the forecast year 2019-2024. Due to the rising need for cashless payments and ease of transactions, contactless payments have gained prominence, in the payment technologies market. There has been a rapid rise in cashless transactions, over the past few years.
  • – The pace with which the payments can be processed is making contactless payment lucrative for businesses and the faster checkout times, along with the ease of payments, are making users upgrade their cards to contactless ones.
  • – Contactless payments with a contactless card, payment-enabled mobile, or wearable device at a contactless-enabled checkout terminal, are witnessing increasing adoption.
  • – While increasing internet penetration is driving the growth of the contactless payment terminals market, concerns over the security of information that is visible through such terminals is set to hinder the growth to some extent.

    Contactless Payment Terminals Market Covers Manufacturers:

  • Gemalto NV (Thales Group)
  • OTI Global
  • VeriFone Systems Inc
  • Visiontek
  • Ingenico Group SA
  • Hewlett Packard Enterprise
  • Castles Technologies
  • ID Tech Solutions

    Scope of the Report:

  • Contactless payment systems are credit card, debit cards, smart cards or other devices, including smartphones and other mobile devices that uses radio-frequency identification (RFID) or near field communication (NFC, e.g Google Pay, Apple Pay, Fitbit Pay, Merpay or any bank mobile application that support Contactless) for making secure payments. Contactless Payment can be made with different technologies like Bluetooth, NFC, RFID which can be used for payment modes with various device like PoS, MPoS, etc across different industries.

    For More Information or Query or Customization Before Buying, Visit at @ https://www.industryresearch.co/enquiry/pre-order-enquiry/14245255

    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.

    Purchase this Report (Price 4250 USD for single user license) https://www.industryresearch.co/purchase/14245255

    Target Audience of Contactless Payment Terminals Market:

    • Manufacturer / Potential Investors
    • Traders, Distributors, Wholesalers, Retailers, Importers and Exporters.
    • Association and government bodies.

    Key Reasons to Contactless Payment Terminals Market Report:

    • Analyzing various perspectives of the Contactless Payment Terminals market with the help of Porter’s five forces analysis
    • The End User that is expected to dominate the Contactless Payment Terminals market is analyzed in detail
    • The regions which are expected to witness fastest growth during the forecast period are analyzed and estimated for growth of Contactless Payment Terminals market.
    • Identify the latest developments, market shares and strategies employed by the major market players.
    • Regional analysis of Contactless Payment Terminals market studied, during the forecast period
    • The segments that are expected to dominate the Contactless Payment Terminals market studied.

    About Industry Research:

    Industry Research is an upscale platform to help key personnel in the business world in strategizing and taking visionary decisions based on facts and figures derived from in-depth market research. We are one of the top report resellers in the market, dedicated to bringing you an ingenious concoction of data parameters.

    Contact Us:

    Name: Ajay More

    Phone: US +14242530807/ UK +44 20 3239 8187

    Email: [email protected]

    Our Other Report: Hydroquinone Market Research Reports 2023 | Global Industry Size, In-Depth Qualitative Insights, Explosive Growth Opportunity, Regional Analysis by Key Players