Contactless Payment Transaction Market

Rising Internet Penetration Worldwide to give Boost to the Contactless Payment Transaction Market.

The contactless payment transaction market worldwide is expected to grow with a CAGR of 43.7% during the forecast period from 2019 to 2027, starting from US$ 14.8 Bn in 2018. The rising adoption of cashless transactions and growing internet penetration will drive the contactless payment transaction market worldwide. Introducing new technologies such as NFC or RFID for safe and secure payments is one of the key factors for the market growth. In addition, the increasing adoption of intelligent devices, including smartwatches, tablets, smartphones, and others, is one of the important factors for market growth. Therefore, the market will show huge growth throughout the forecast period.

Market Synopsis

Retail Industry to Continue Leading the Market

The contactless payment transaction market by end-use was dominated by the retail segment in 2018. The retail segment garnered around 1/3rd market share in the same year. The rising retail industry worldwide is one of the major factors for the segment’s dominance. The global retail industry will grow at a CAGR of nearly 5.5% in future years. The need for safe, secure, swift and easy access to payment in the industry is one of the major factors for the segment growth. In addition, the rising e-commerce industry worldwide will also boost segment growth in the years to come. Subsequently, we expect the retail segment to continue its majority stake in the contact payment transaction market.

The Asia Pacific to be the Fastest Growing Region

In 2018, North America and Europe led the contactless payment transaction market, with a combined share of around 68% of the total revenue worldwide. North America and Europe are dominant owing to the highest internet penetration and early technological adoption, especially in digital payment. In addition, the growing adoption of intelligent devices in these regions is another factor for their dominance. On the other flip of the coin, Asia Pacific will show the fastest growth owing to rising internet penetration, growing disposable income, and increased government investments in digitization. As a result, the region will show the fastest growth during the forecast period.

Some prominent players operating in the contactless payment transaction market are Gemalto N.V., Group, Apple Inc., Giesecke & Devrient GmbH, Heartland Payment Systems, Inc., Ingenico Group, Inside Secure, On Track Innovations Ltd., Samsung Electronics Ltd., Verifone Systems, Inc. among others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. In addition, compounded Annual Growth Rate (CAGR) for each respective segment was calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The contactless payment transaction market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global contactless payment transaction market based on the mode of payment, end-use, and geography.

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Contactless Payment Transaction (CPT) Market
2.2. Global CPT Market, by Mode of Payment, 2018 (US$ Bn)
2.3. Global CPT Market, by End-use, 2018 (US$ Bn)
2.4. Global CPT Market, by Geography, 2018 (US$ Bn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global CPT Market Value, 2017-2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global Contactless Payment Transaction (CPT) Market, by Mode of Payment , 2017-2027 (US$ Bn)
4.1. Overview
4.2. Wearable Devices
4.3. Contactless Mobile Payment
4.4. Contactless Card (NFC/RFID)

5. Global Contactless Payment Transaction (CPT) Market, by End-use, 2017-2027 (US$ Bn)
5.1. Overview
5.2. Transport
5.3. Media & Entertainment
5.4. Hospitality
5.5. Healthcare
5.6. Retail
5.7. Others (Government, Energy & Utilities, etc.)

6. North America Contactless Payment Transaction (CPT) Market Analysis, 2017-2027 (US$ Bn)
6.1. Overview
6.1.1. North America CPT Market Value and Growth, 2017-2027, (US$ Bn)
6.2. North America CPT Market Value, By Mode of Payment, 2017-2027 (US$ Bn)
6.2.1. Market Analysis
6.3. North America CPT Market Value, By End-use, 2017-2027 (US$ Bn)
6.3.1. Market Analysis
6.4. North America CPT Market Value, By Region/Country, 2017-2027 (US$ Bn)
6.4.1. Market Analysis
6.4.2. U.S.
6.4.3. Rest of North America

7. Europe Contactless Payment Transaction (CPT) Market Analysis, 2017-2027 (US$ Bn)
7.1. Overview
7.1.1. Europe CPT Market Value and Growth, 2017-2027, (US$ Bn)
7.2. Europe CPT Market Value, By Mode of Payment, 2017-2027 (US$ Bn)
7.2.1. Market Analysis
7.3. Europe CPT Market Value, By End-use, 2017-2027 (US$ Bn)
7.3.1. Market Analysis
7.4. Europe CPT Market Value, By Region/Country, 2017-2027 (US$ Bn)
7.4.1. Market Analysis
7.4.2. U.K.
7.4.3. Germany
7.4.4. France
7.4.5. Rest of Europe

8. Asia Pacific Contactless Payment Transaction (CPT) Market Analysis, 2017-2027 (US$ Bn)
8.1. Overview
8.1.1. Asia Pacific CPT Market Value and Growth, 2017-2027, (US$ Bn)
8.2. Asia Pacific CPT Market Value, By Mode of Payment, 2017-2027 (US$ Bn)
8.2.1. Market Analysis
8.3. Asia Pacific CPT Market Value, By End-use, 2017-2027 (US$ Bn)
8.3.1. Market Analysis
8.4. Asia Pacific CPT Market Value, By Region/Country, 2017-2027 (US$ Bn)
8.4.1. Market Analysis
8.4.2. Japan
8.4.3. China
8.4.4. India
8.4.5. Rest of Asia Pacific

9. Rest of the World Contactless Payment Transaction (CPT) Market Analysis, 2017-2027 (US$ Bn)
9.1. Overview
9.1.1. Rest of the World CPT Market Value and Growth, 2017-2027, (US$ Bn)
9.2. Rest of the World CPT Market Value, By Mode of Payment, 2017-2027 (US$ Bn)
9.2.1. Market Analysis
9.3. Rest of the World CPT Market Value, By End-use, 2017-2027 (US$ Bn)
9.3.1. Market Analysis
9.4. Rest of the World CPT Market Value, By Region, 2017-2027 (US$ Bn)
9.4.1. Market Analysis
9.4.2. Middle East & Africa
9.4.3. Latin America

10. Company Profiles
10.1. Gemalto N.V., Group
10.2. Apple Inc.
10.3. Giesecke & Devrient GmbH
10.4. Heartland Payment Systems, Inc.
10.5. Ingenico Group
10.6. Inside Secure
10.7. On Track Innovations Ltd.
10.8. Samsung Electronics Ltd.
10.9. Verifone Systems, Inc.

List of Figures

FIG. 1 Global Contactless Payment Transaction (CPT) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global CPT Market Segmentation
FIG. 4 Global CPT Market, by Mode of Payment, 2018 (US$ Bn)
FIG. 5 Global CPT Market, by End User, 2018 (US$ Bn)
FIG. 6 Global CPT Market, by Geography, 2018 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by Geography, 2018
FIG. 8 Global Market Positioning of Key CPT Market Manufacturers, 2018
FIG. 9 Global CPT Market, by Wearable Devices, Value, 2017–2027 (US$ Bn)
FIG. 10 Global CPT Market, by Contactless Mobile Payment, Value, 2017–2027 (US$ Bn)
FIG. 11 Global CPT Market, by Contactless Card (NFC/RFID), Value, 2017–2027 (US$ Bn)
FIG. 12 Global CPT Market, by Transport 2017–2027 (US$ Bn)
FIG. 13 Global CPT Market, by Media & Entertainment, Value, 2017–2027 (US$ Bn)
FIG. 14 Global CPT Market, by Hospitality, 2017–2027 (US$ Bn)
FIG. 15 Global CPT Market, by Healthcare, 2017–2027 (US$ Bn)
FIG. 16 Global CPT Market, by Retail, 2017–2027 (US$ Bn)
FIG. 17 Global CPT Market, by Others (Government, Energy & Utilities, etc.), 2017–2027 (US$ Bn)
FIG. 18 U.S. CPT Market, 2017–2027 (US$ Bn)
FIG. 19 Canada CPT Market, 2017–2027 (US$ Bn)
FIG. 20 U.K. CPT Market, 2017–2027 (US$ Bn)
FIG. 21 Germany CPT Market, 2017–2027 (US$ Bn)
FIG. 22 France CPT Market, 2017–2027 (US$ Bn)
FIG. 23 Italy CPT Market, 2017–2027 (US$ Bn)
FIG. 24 Rest of Europe CPT Market, 2017–2027 (US$ Bn)
FIG. 25 Japan CPT Market, 2017–2027 (US$ Bn)
FIG. 26 China CPT Market, 2017–2027 (US$ Bn)
FIG. 27 India CPT Market, 2017–2027 (US$ Bn)
FIG. 28 Rest of Asia Pacific CPT Market, 2017–2027 (US$ Bn)
FIG. 29 Middle East & Africa CPT Market, 2017–2027 (US$ Bn)
FIG. 30 Latin America CPT Market, 2017–2027 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Contactless Payment Transaction (CPT) Market
TABLE 2 Global CPT Market, by Mode of Payment, 2017–2027 (US$ Bn)
TABLE 3 Global CPT Market, by End User, 2017–2027 (US$ Bn)
TABLE 4 Global CPT Market, by Geography, 2017–2027 (US$ Bn)
TABLE 5 North America CPT Market, by Mode of Payment, 2017–2027 (US$ Bn)
TABLE 6 North America CPT Market, by End User, 2017–2027 (US$ Bn)
TABLE 7 North America CPT Market, by Country, 2017–2027 (US$ Bn)
TABLE 8 Europe CPT Market, by Mode of Payment, 2017–2027 (US$ Bn)
TABLE 9 Europe CPT Market, by End User, 2017–2027 (US$ Bn)
TABLE 10 Europe CPT Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 11 Asia Pacific CPT Market, by Mode of Payment, 2017–2027 (US$ Bn)
TABLE 12 Asia Pacific CPT Market, by End User, 2017–2027 (US$ Bn)
TABLE 13 Asia Pacific CPT Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 14 RoW CPT Market, by Mode of Payment, 2017–2027 (US$ Bn)
TABLE 15 RoW CPT Market, by End User, 2017–2027 (US$ Bn)
TABLE 16 RoW CPT Market, by Country/Region, 2017–2027 (US$ Bn)