Contactless Payment Terminals Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Report Code: ZMR-2398 | Report Format : | Status : Upcoming |

Abstract

Contactless Payment Terminals Market: Overview

The contactless payments with the help of the PIN terminal and a chip are the new trend which is preferred by the customers for making payments. The chip and antenna are embedded in the card which enables the customers to make payments by waving their cards or their smartphones over the reader machine present at the POS terminal. 

Contactless Payment Terminals Market: Facts

The Mastercard is taking the initiative of turning the phones into the contactless payments terminals. The small businesses in the Poland will be able to accept the contactless payments with the help of their smartphones. Mastercard is working with Mobeewave, Elavon, and Polskie ePlatnosci in order to pull this project.

Contactless Payment Terminals Market: Segmentation

The global market for the contactless payment terminals is fragmented into its technology, mode of payment, and applications. On the basis of the technology used, the global market is segregated into infrared, near field communication, Bluetooth, radio-frequency identification, and carrier-based mobile. On the basis of the mode of payment, the market is categorized into debit card, stored value, credit card, account based, and smart cards. Based on the applications, the market is divided into healthcare, logistics, information technology, BFSI, retail, hospitality, travel & tourism, telecommunication, and public transport.

Contactless Payment Terminals Market: Growth Factors

The increased advantages of the contactless payment terminals have compelled the business organizations to adopt the technology of contactless payment terminal. In the developed regions, the customers have an increased demand for making purchases with the help of the contactless payment terminals thus increasing the growth of the market. The use of the contactless payment terminals helps the enterprises to reduce their operational costs. The working of the terminals does not require continuous monitoring. The simple configuration at the POS contributes to the increased demand for these terminals. There is a wide range of opportunities for the contactless payment terminals in the retail sector. Another vital factor that is positively affecting the growth of the market is the increased requirement by the enterprises to keep their businesses up to mark by making use of the latest technology. The access of the data with the help of the cloud computing is expanding the scope of the contactless payment terminals market. The factor that is restraining the growth of the market is the risk of the viruses and the technical issues while making the transactions.

Contactless Payment Terminals Market: Regional Analysis

The region that is dominating the contactless payment terminals market is the North America owing to the increased integration of IoT applications and artificial intelligence. Moreover, in the recent years, there has been a rise in the R & D activities that are associated with the electronics especially in the payment devices where the contactless payment terminals act as a useful integrated system. There has been a significant development in the contactless payment terminals market in Asia Pacific region owing to the rise in the awareness regarding the advantages of using the cashless payments.

Contactless Payment Terminals Market: Competitive Players

The key market players that are involved in the contactless payment terminals market include Wirecard AG, On Track Innovations Ltd., ShopKeep, Clover Network Inc., Ingenico Group, Chip & PIN Solutions Ltd., Heartland Payment Systems Inc., Castles Technology, PoyntCo, iZettle AB, internalDrive, Inc., and Verifone.

Contactless Payment Terminals Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Related Reports

Wireless Headphones Market - By Feature (Smart and Non-Smart), Type (In-Ear, On-Ear, and Over-Ear), By End Use (Fitness & Sports, Entertainment, and Gaming), Price Range (Low, Moderate, and Premium), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Jul-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5354 | Report Format:

The global Wireless Headphones market, which is likely to amass revenue worth nearly 42.10 (USD Billion) by 2026, will register a CAGR of nearly 21% during the period from 2020 to 2026. The report offers assessment and analysis of the Wireless Headphones market on a global and regional level. The ...Read More

Quantum Dots (QD) Market - By Type (II-VI-Semiconductors, III-V-Semiconductors, and Silicon), By Application (Medicine, Optoelectronics & Optical Components, Alternative Energy, Agriculture, and Others), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Jun-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5353 | Report Format:

The global Quantum Dots (QD) market accrued earnings worth 865 (USD Million) in 2019 and is set to record a CAGR of about 62.4% over the period from 2020 to 2026. The report offers assessment and analysis of the Quantum Dots (QD) market on a global and regional level. The study offers a comprehens...Read More

Coin Operated Laundry Machines Market - by Type (Coin Operated Washers, Coin Operated Dryers), by Application (Hotel, Laundry Home, Hospital, School Apartments, Others), and by Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Jun-2020 | Price : $ 4199.00 | Pages: 157 | Report Code: ZMR-5352 | Report Format:

This report analyzes and estimates the Coin Operated Laundry Machines market at global, regional, and country level. Assessment of the global coin operated machines analysis provides detailed insights of the market growth and restraining factors along with their impact analysis at global level fro...Read More

Passive Optical Network Market, by Structure (GPON, EPON, WDM-PON), by Component (ONT, OLT), and by Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2019– 2026

Mar-2020 | Price : $ 4199.00 | Pages: 144 | Report Code: ZMR-5343 | Report Format:

This report analyzes and estimates the passive optical network market at global, regional, and country level. Assessment of the global passive optical network analysis provides detailed insights of the market growth and restraining factors along with their impact analysis at global level from 2019...Read More

Metal Fabrication Equipment Market, by Equipment Type (Machining, Cutting, Forming, Welding, and Others), by Application (Residential, Commercial, and Industrial), by End-User (Oil & Gas, Automotive & Aviation, Power Plants, Chemicals & Mining, Construction, and Others) by Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Mar-2020 | Price : $ 4199.00 | Pages: 157 | Report Code: ZMR-5342 | Report Format:

This report analyzes and estimates the metal fabrication equipment market at global, regional, and country level. Assessment of the global doctor blade analysis provides detailed insights of the market growth and restraining factors along with their impact analysis at global level from 2020 to 202...Read More

Request Brochure

COVID-19

A Global Pandemic

Request the coronavirus impact analysis across industries and market

Request impact analysis on this market
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.