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Contactless Payment Terminals Market - Global Industry Analysis

Contactless Payment Terminals Market is segmented by Technology (Bluetooth, Infrared, Carrier-based and Wi-Fi), by Payment Method (Account-based, Credit/Debit Card, Stored Value, and Smart Card), by Device (Integrated POS, mPOS, PDA, Unattended Terminal and Contactless Reader), by End-user Industry (Retail, Transportation, Banking, Government and Healthcare): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 06-Sep-2021 Category: Semiconductor & Electronics Report Format : PDF Pages: 180 Report Code: ZMR-2398 Status : Published

The global contactless payment terminals market accounted for USD 14.24 Billion in 2020 and is expected to reach USD 66.30 Billion by 2028, growing at a CAGR of 21.2% from 2021 to 2028.

Description

Market Overview

The global contactless payment terminals market accounted for USD 14.24 Billion in 2020 and is expected to reach USD 66.30 Billion by 2028, growing at a CAGR of 21.2% from 2021 to 2028.

Consumers can use smart cards, wearables, key fobs, smartphones, and other devices to make contactless payments, which are a safe way to pay for goods and services. In order to facilitate contactless transactions in the contactless payment industry, radio-frequency identification (RFID) and near field communication (NFC) technologies are primarily used. Furthermore, transaction devices with an embedded chip and antenna allow customers to wave or tap their smart cards, key fobs, or handheld devices over a reader at a point of sale (POS) terminal. Customers can complete transactions instantly with the tap of a card, which is the main benefit of contactless payment. This improves transaction speed and makes contactless payment even more efficient. The demand for contactless payment solutions has risen dramatically across all countries as contactless payment technologies become more integrated into mobile handsets and smart phones.

COVID-19 Impact Analysis

COVID-19's outbreak is expected to have a positive effect on the market. Because of the rise in adoption and use of digitalized and online payment methods around the world, the COVID-19 pandemic has had a significant impact on the market. Furthermore, in order to stop the virus from spreading, many governments have imposed a lockdown, which has resulted in a decrease in cash usage. The rise of cyber-attacks and a lack of infrastructure in developing economies, on the other hand, are expected to stifle market growth.

Growth Factors

The market's growth is being bolstered by continuous product and service innovation, as well as advancements in payment security technologies. Furthermore, contactless payments allow for money transfers between a point-of-sale terminal and a customer's payment device. Over the forecast period, the market is expected to grow due to a paradigm shift in customer payment awareness and preferences. Furthermore, the increasing use of contactless technologies in a variety of applications, such as ticketing, toll booths, gas stations, and vending machines, is expected to drive market growth.

The market will grow due to rising demand from merchants and consumers to reduce billing and transaction times. Merchants and consumers are both concerned about the safety and security of money transactions. The market is expected to grow due to a number of factors, including rising government initiatives and ongoing advancements in networking infrastructure for the development of smart solutions. Several government administrations around the world are encouraging merchants to use advanced payment systems.

Report Scope

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Technology Segment Analysis Preview

Wi-fi segment held a share of over 60% in 2020. Increasing use of hardware devices such as mobile phones, speakers, semiconductors, sensors, displays, and many more are boosting the numbers. The increased advantages of the contactless payment terminals through these technologies have compelled the business organizations to adopt contactless payment terminal. Bluetooth, Infrared and Carrier-based are other types of technology segment.

Payment Method Segment Analysis Preview

Over the forecast period, the smart cards segment is expected to grow at the fastest rate. The segment is expected to grow due to rising demand for smart cards across a variety of industries, as well as increasing adoption of blockchain technology by several smartcard providers to improve card security. Smart cards are becoming more widely accepted around the world. Merchants are focusing on reducing customer wait times by allowing them to use smart cards for faster transactions.

Device Segment Analysis Preview

In 2020, the smartphone and wearables segment dominated the market, accounting for more than 59.0 percent of global revenue. An increase in the adoption of smartphones and wearable devices among young people in various countries is expected to boost the segment's growth prospects. In everyday activities, the use of smartphones and wearables has skyrocketed. In addition, wearable innovations such as payment rings and bands are expected to drive segment growth over the forecast period.

End-User Industry Segment Analysis Preview

In 2020, the retail segment dominated the market, accounting for more than 61.0 percent of global revenue. To increase their presence and visibility in the market, retailers are implementing innovative technologies such as big data analytics, cloud computing, social networks, and digital stores. Furthermore, retailers are beginning to recognize the advantages of contactless payments, which include increased revenue, shorter transaction times, lower operating costs, and improved operational efficiency. Furthermore, mobile payments have aided retailers in reducing line lengths at checkout and speeding up the transaction process.

Over the forecast period, the hospitality segment is expected to grow at the fastest rate. In the hospitality industry, contactless payment is becoming increasingly popular. Hospitality companies have begun to adopt some of the most cutting-edge technology in order to provide a more user-friendly experience for their customers. Because of the numerous benefits it provides, such as fast and secure transactions and a high level of customer satisfaction, these businesses are increasingly adopting contactless payment solutions.

Regional Analysis Preview

In 2020, Europe dominated the contactless payment market, accounting for over 33% of global revenue. The growth of the regional market can be attributed to the region's consistently increasing electronic money transactions. The demand for contactless payment in the region is expected to be driven by payment solutions enabled by real-time and biometric data, as well as the secure performance of smart card transactions. Additionally, favorable government regulations, such as open banking and the second Payment Services Directive, are aiding regional market expansion.

Over the forecast period, North America is expected to be the fastest-growing regional market. North America's well-established IT industry encourages technological advancement. In addition, regional IT companies are leveraging their efforts to promote the adoption of a contactless payment platform. In addition, in response to the growing threat of cyber-crime, the companies are collaborating with a number of financial institutions to develop secure, transparent, decentralized, and robust platforms.

Key Market Players & Competitive Landscape

Some of key players in contactless payment terminals market are Gemalto, Giesecke+Devrient, Ingenico, InsideSecure, Oberthur Technologies S.A., On Track Innovations, PAX Technology, Inc., Proxama Plc, Verifone, and Wirecard, among others.

To expand their customer base and strengthen their product portfolio, market players are focusing on business strategies such as new product launches. For example, Mastercard certified Thales Group's first-ever contactless fingerprint payment card in January 2020. Furthermore, in technologically advanced countries, this new certification is expected to drive product adoption. In addition, the project is currently implementing a number of pilot projects. Several players are focusing on implementing various types of technology in order to improve the performance of their payment platforms. Vendors are incorporating blockchain technology into retail payment applications to improve security and speed. Business strategies, such as partnerships, are also on the minds of vendors. Visa Inc., for example, partnered with Samsung in January 2020 to develop a tap-to-phone program. This program allows micro-sellers to accept payments using Android smartphones without the need for any additional hardware.

The global contactless payment terminals market is segmented as follows:

By Technology

  • Bluetooth
  • Infrared
  • Carrier-based
  • Wi-Fi

By Payment Method

  • Account-based
  • Credit/Debit Card
  • Stored Value
  • Smart Card

By Device

  • Integrated POS
  • mPOS
  • PDA
  • Unattended Terminal
  • Contactless Reader

End-user Industry

  • Retail
  • Transportation
  • Banking
  • Government
  • Healthcare

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Technology
        • 2.1.1.2. Market Attractiveness Analysis, By Payment Method
        • 2.1.1.3. Market Attractiveness Analysis, By Device
        • 2.1.1.4. Market Attractiveness Analysis, By End-user Industry
        • 2.1.1.5. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Contactless Payment Terminals Market, 2020 – 2028 (USD Million)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Contactless Payment Terminals Market – Technology Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Technology, 2020 & 2028
    • 4.2. Bluetooth
      • 4.2.1. Market Size and Forecast, By Region (USD Million)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Infrared
      • 4.3.1. Market Size and Forecast, By Region (USD Million)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Carrier-based
      • 4.4.1. Market Size and Forecast, By Region (USD Million)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.5. Wi-Fi
      • 4.5.1. Market Size and Forecast, By Region (USD Million)
      • 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.5.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Contactless Payment Terminals Market – Payment Method Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Payment Method, 2020 & 2028
    • 5.2. Account-based
      • 5.2.1. Market Size and Forecast, By Region (USD Million)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Credit/Debit Card
      • 5.3.1. Market Size and Forecast, By Region (USD Million)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Stored Value
      • 5.4.1. Market Size and Forecast, By Region (USD Million)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.5. Smart Card
      • 5.5.1. Market Size and Forecast, By Region (USD Million)
      • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6 Contactless Payment Terminals Market – Device Segment Analysis
    • 6.1. Overview
      • 6.1.1. Market Revenue Share, By Device, 2020 & 2028
    • 6.2. Integrated POS
      • 6.2.1. Market Size and Forecast, By Region (USD Million)
      • 6.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.3. mPOS
      • 6.3.1. Market Size and Forecast, By Region (USD Million)
      • 6.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.4. PDA
      • 6.4.1. Market Size and Forecast, By Region (USD Million)
      • 6.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.5. Unattended Terminal
      • 6.5.1. Market Size and Forecast, By Region (USD Million)
      • 6.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.6. Contactless Reader
      • 6.6.1. Market Size and Forecast, By Region (USD Million)
      • 6.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.6.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 7 Contactless Payment Terminals Market – End-user Industry Segment Analysis
    • 7.1. Overview
      • 7.1.1. Market Revenue Share, By End-user Industry, 2020 & 2028
    • 7.2. Retail
      • 7.2.1. Market Size and Forecast, By Region (USD Million)
      • 7.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 7.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 7.3. Transportation
      • 7.3.1. Market Size and Forecast, By Region (USD Million)
      • 7.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 7.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 7.4. Banking
      • 7.4.1. Market Size and Forecast, By Region (USD Million)
      • 7.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 7.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 7.5. Government
      • 7.5.1. Market Size and Forecast, By Region (USD Million)
      • 7.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 7.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 7.6. Healthcare
      • 7.6.1. Market Size and Forecast, By Region (USD Million)
      • 7.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 7.6.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 8 Contactless Payment Terminals Market – Regional Analysis
    • 8.1. Overview
      • 8.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 8.1.2. Global Market Revenue, By Region, 2020 – 2028 (USD Million)
    • 8.2. North America
      • 8.2.1. North America Market Revenue, By Country, 2020 – 2028 (USD Million)
      • 8.2.2. North America Market Revenue, By Technology, 2020 – 2028
      • 8.2.3. North America Market Revenue, By Payment Method, 2020 – 2028
      • 8.2.4. North America Market Revenue, By Device, 2020 – 2028
      • 8.2.5. North America Market Revenue, By End-user Industry, 2020 – 2028
      • 8.2.6. U.S.
        • 8.2.6.1. U.S. Market Revenue, By Technology, 2020 – 2028
        • 8.2.6.2. U.S. Market Revenue, By Payment Method, 2020 – 2028
        • 8.2.6.3. U.S. Market Revenue, By Device, 2020 – 2028
        • 8.2.6.4. U.S. Market Revenue, By End-user Industry, 2020 – 2028
      • 8.2.7. Canada
        • 8.2.7.1. Canada Market Revenue, By Technology, 2020 – 2028
        • 8.2.7.2. Canada Market Revenue, By Payment Method, 2020 – 2028
        • 8.2.7.3. Canada Market Revenue, By Device, 2020 – 2028
        • 8.2.7.4. Canada Market Revenue, By End-user Industry, 2020 – 2028
      • 8.2.8. Mexico
        • 8.2.8.1. Mexico Market Revenue, By Technology, 2020 – 2028
        • 8.2.8.2. Mexico Market Revenue, By Payment Method, 2020 – 2028
        • 8.2.8.3. Mexico Market Revenue, By Device, 2020 – 2028
        • 8.2.8.4. Mexico Market Revenue, By End-user Industry, 2020 – 2028
    • 8.3. Europe
      • 8.3.1. Europe Market Revenue, By Country, 2020 – 2028 (USD Million)
      • 8.3.2. Europe Market Revenue, By Technology, 2020 – 2028
      • 8.3.3. Europe Market Revenue, By Payment Method, 2020 – 2028
      • 8.3.4. Europe Market Revenue, By Device, 2020 – 2028
      • 8.3.5. Europe Market Revenue, By End-user Industry, 2020 – 2028
      • 8.3.6. Germany
        • 8.3.6.1. Germany Market Revenue, By Technology, 2020 – 2028
        • 8.3.6.2. Germany Market Revenue, By Payment Method, 2020 – 2028
        • 8.3.6.3. Germany Market Revenue, By Device, 2020 – 2028
        • 8.3.6.4. Germany Market Revenue, By End-user Industry, 2020 – 2028
      • 8.3.7. France
        • 8.3.7.1. France Market Revenue, By Technology, 2020 – 2028
        • 8.3.7.2. France Market Revenue, By Payment Method, 2020 – 2028
        • 8.3.7.3. France Market Revenue, By Device, 2020 – 2028
        • 8.3.7.4. France Market Revenue, By End-user Industry, 2020 – 2028
      • 8.3.8. U.K.
        • 8.3.8.1. U.K. Market Revenue, By Technology, 2020 – 2028
        • 8.3.8.2. U.K. Market Revenue, By Payment Method, 2020 – 2028
        • 8.3.8.3. U.K. Market Revenue, By Device, 2020 – 2028
        • 8.3.8.4. U.K. Market Revenue, By End-user Industry, 2020 – 2028
      • 8.3.9. Italy
        • 8.3.9.1. Italy Market Revenue, By Technology, 2020 – 2028
        • 8.3.9.2. Italy Market Revenue, By Payment Method, 2020 – 2028
        • 8.3.9.3. Italy Market Revenue, By Device, 2020 – 2028
        • 8.3.9.4. Italy Market Revenue, By End-user Industry, 2020 – 2028
      • 8.3.10. Spain
        • 8.3.10.1. Spain Market Revenue, By Technology, 2020 – 2028
        • 8.3.10.2. Spain Market Revenue, By Payment Method, 2020 – 2028
        • 8.3.10.3. Spain Market Revenue, By Device, 2020 – 2028
        • 8.3.10.4. Spain Market Revenue, By End-user Industry, 2020 – 2028
      • 8.3.11. Rest of Europe
        • 8.3.11.1. Rest of Europe Market Revenue, By Technology, 2020 – 2028
        • 8.3.11.2. Rest of Europe Market Revenue, By Payment Method, 2020 – 2028
        • 8.3.11.3. Rest of Europe Market Revenue, By Device, 2020 – 2028
        • 8.3.11.4. Rest of Europe Market Revenue, By End-user Industry, 2020 – 2028
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific Market Revenue, By Country, 2020 – 2028 (USD Million)
      • 8.4.2. Asia Pacific Market Revenue, By Technology, 2020 – 2028
      • 8.4.3. Asia Pacific Market Revenue, By Payment Method, 2020 – 2028
      • 8.4.4. Asia Pacific Market Revenue, By Device, 2020 – 2028
      • 8.4.5. Asia Pacific Market Revenue, By End-user Industry, 2020 – 2028
      • 8.4.6. China
        • 8.4.6.1. China Market Revenue, By Technology, 2020 – 2028
        • 8.4.6.2. China Market Revenue, By Payment Method, 2020 – 2028
        • 8.4.6.3. China Market Revenue, By Device, 2020 – 2028
        • 8.4.6.4. China Market Revenue, By End-user Industry, 2020 – 2028
      • 8.4.7. Japan
        • 8.4.7.1. Japan Market Revenue, By Technology, 2020 – 2028
        • 8.4.7.2. Japan Market Revenue, By Payment Method, 2020 – 2028
        • 8.4.7.3. Japan Market Revenue, By Device, 2020 – 2028
        • 8.4.7.4. Japan Market Revenue, By End-user Industry, 2020 – 2028
      • 8.4.8. India
        • 8.4.8.1. India Market Revenue, By Technology, 2020 – 2028
        • 8.4.8.2. India Market Revenue, By Payment Method, 2020 – 2028
        • 8.4.8.3. India Market Revenue, By Device, 2020 – 2028
        • 8.4.8.4. India Market Revenue, By End-user Industry, 2020 – 2028
      • 8.4.9. South Korea
        • 8.4.9.1. South Korea Market Revenue, By Technology, 2020 – 2028
        • 8.4.9.2. South Korea Market Revenue, By Payment Method, 2020 – 2028
        • 8.4.9.3. South Korea Market Revenue, By Device, 2020 – 2028
        • 8.4.9.4. South Korea Market Revenue, By End-user Industry, 2020 – 2028
      • 8.4.10. South-East Asia
        • 8.4.10.1. South-East Asia Market Revenue, By Technology, 2020 – 2028
        • 8.4.10.2. South-East Asia Market Revenue, By Payment Method, 2020 – 2028
        • 8.4.10.3. South-East Asia Market Revenue, By Device, 2020 – 2028
        • 8.4.10.4. South-East Asia Market Revenue, By End-user Industry, 2020 – 2028
      • 8.4.11. Rest of Asia Pacific
        • 8.4.11.1. Rest of Asia Pacific Market Revenue, By Technology, 2020 – 2028
        • 8.4.11.2. Rest of Asia Pacific Market Revenue, By Payment Method, 2020 – 2028
        • 8.4.11.3. Rest of Asia Pacific Market Revenue, By Device, 2020 – 2028
        • 8.4.11.4. Rest of Asia Pacific Market Revenue, By End-user Industry, 2020 – 2028
    • 8.5. Latin America
      • 8.5.1. Latin America Market Revenue, By Country, 2020 – 2028 (USD Million)
      • 8.5.2. Latin America Market Revenue, By Technology, 2020 – 2028
      • 8.5.3. Latin America Market Revenue, By Payment Method, 2020 – 2028
      • 8.5.4. Latin America Market Revenue, By Device, 2020 – 2028
      • 8.5.5. Latin America Market Revenue, By End-user Industry, 2020 – 2028
      • 8.5.6. Brazil
        • 8.5.6.1. Brazil Market Revenue, By Technology, 2020 – 2028
        • 8.5.6.2. Brazil Market Revenue, By Payment Method, 2020 – 2028
        • 8.5.6.3. Brazil Market Revenue, By Device, 2020 – 2028
        • 8.5.6.4. Brazil Market Revenue, By End-user Industry, 2020 – 2028
      • 8.5.7. Argentina
        • 8.5.7.1. Argentina Market Revenue, By Technology, 2020 – 2028
        • 8.5.7.2. Argentina Market Revenue, By Payment Method, 2020 – 2028
        • 8.5.7.3. Argentina Market Revenue, By Device, 2020 – 2028
        • 8.5.7.4. Argentina Market Revenue, By End-user Industry, 2020 – 2028
      • 8.5.8. Rest of Latin America
        • 8.5.8.1. Rest of Latin America Market Revenue, By Technology, 2020 – 2028
        • 8.5.8.2. Rest of Latin America Market Revenue, By Payment Method, 2020 – 2028
        • 8.5.8.3. Rest of Latin America Market Revenue, By Device, 2020 – 2028
        • 8.5.8.4. Rest of Latin America Market Revenue, By End-user Industry, 2020 – 2028
    • 8.6. The Middle-East and Africa
      • 8.6.1. The Middle-East and Africa Market Revenue, By Country, 2020 – 2028 (USD Million)
      • 8.6.2. The Middle-East and Africa Market Revenue, By Technology, 2020 – 2028
      • 8.6.3. The Middle-East and Africa Market Revenue, By Payment Method, 2020 – 2028
      • 8.6.4. The Middle-East and Africa Market Revenue, By Device, 2020 – 2028
      • 8.6.5. The Middle-East and Africa Market Revenue, By End-user Industry, 2020 – 2028
      • 8.6.6. GCC Countries
        • 8.6.6.1. GCC Countries Market Revenue, By Technology, 2020 – 2028
        • 8.6.6.2. GCC Countries Market Revenue, By Payment Method, 2020 – 2028
        • 8.6.6.3. GCC Countries Market Revenue, By Device, 2020 – 2028
        • 8.6.6.4. GCC Countries Market Revenue, By End-user Industry, 2020 – 2028
      • 8.6.7. South Africa
        • 8.6.7.1. South Africa Market Revenue, By Technology, 2020 – 2028
        • 8.6.7.2. South Africa Market Revenue, By Payment Method, 2020 – 2028
        • 8.6.7.3. South Africa Market Revenue, By Device, 2020 – 2028
        • 8.6.7.4. South Africa Market Revenue, By End-user Industry, 2020 – 2028
      • 8.6.8. Rest of Middle-East Africa
        • 8.6.8.1. Rest of Middle-East Africa Market Revenue, By Technology, 2020 – 2028
        • 8.6.8.2. Rest of Middle-East Africa Market Revenue, By Payment Method, 2020 – 2028
        • 8.6.8.3. Rest of Middle-East Africa Market Revenue, By Device, 2020 – 2028
        • 8.6.8.4. Rest of Middle-East Africa Market Revenue, By End-user Industry, 2020 – 2028
  • Chapter No. 9 Contactless Payment Terminals Market – Industry Analysis
    • 9.1. Introduction
    • 9.2. Market Drivers
      • 9.2.1. Driving Factor 1 Analysis
      • 9.2.2. Driving Factor 2 Analysis
    • 9.3. Market Restraints
      • 9.3.1. Restraining Factor Analysis
    • 9.4. Market Opportunities
      • 9.4.1. Market Opportunity Analysis
    • 9.5. Porter’s Five Forces Analysis
    • 9.6. PEST Analysis
    • 9.7. Regulatory Landscape
    • 9.8. Technology Landscape
    • 9.9. Regional Market Trends
      • 9.9.1. North America
      • 9.9.2. Europe
      • 9.9.3. Asia Pacific
      • 9.9.4. Latin America
      • 9.9.5. The Middle-East and Africa
    • 9.10. Pricing Analysis
    • 9.11. Value Chain Analysis
    • 9.12. Downstream Buyers
    • 9.13. Distributors/Traders List
  • Chapter No. 10 Competitive Landscape
    • 10.1. Company Market Share Analysis – 2019
      • 10.1.1. Global Contactless Payment Terminals Market: Company Market Share, 2019
      • 10.1.2. Global Contactless Payment Terminals Market, Company Market Revenue, 2016 – 2019 (USD Million)
      • 10.1.3. Global Contactless Payment Terminals Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 10.1.4. Global Contactless Payment Terminals Market: Radar Determinant Chart, 2019
    • 10.2. Strategic Developments
      • 10.2.1. Acquisitions & Mergers
      • 10.2.2. New Product Launch
      • 10.2.3. Regional Expansion
    • 10.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 11 Company Profiles
    • 11.1. Gemalto
      • 11.1.1. Company Overview
      • 11.1.2. Key Executives
      • 11.1.3. Product Portfolio
      • 11.1.4. Financial Overview
      • 11.1.5. Operating Business Segments
      • 11.1.6. Business Performance
      • 11.1.7. Recent Developments
    • 11.2. Giesecke+Devrient
    • 11.3. Ingenico
    • 11.4. InsideSecure
    • 11.5. Oberthur Technulogies S.A.
    • 11.6. On Track Innovations
    • 11.7. PAX Technology Inc.
    • 11.8. Proxama Plc
    • 11.9. Verifone
    • 11.10. Wirecard
  • Chapter No. 12 Marketing Strategy Analysis
    • 12.1. Marketing Channel
    • 12.2. Direct Marketing
    • 12.3. Indirect Marketing
    • 12.4. Marketing Channel Development Trends
    • 12.5. Economic/Pulitical Environmental Change
  • Chapter No. 13 Research Methodology
    • 13.1. Research Methodology
    • 13.2. Phase I - Secondary Research
    • 13.3. Phase II - Data Modeling
      • 13.3.1. Company Share Analysis Model
      • 13.3.2. Revenue Based Modeling
    • 13.4. Phase III - Primary Research
    • 13.5. Research Limitations
      • 13.5.1. Assumptions

List of Figures

FIG NO. 1. Market Attractiveness Analysis, By Technology
FIG NO. 2. Market Attractiveness Analysis, By Payment Method
FIG NO. 3. Market Attractiveness Analysis, By Device
FIG NO. 4. Market Attractiveness Analysis, By End-user Industry
FIG NO. 5. Market Attractiveness Analysis, By Region
FIG NO. 6. Global Contactless Payment Terminals Market Revenue, 2020 – 2028 (USD Million)
FIG NO. 7. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 8. Market Revenue Share, By Technology, 2020 & 2028
FIG NO. 9. Global Contactless Payment Terminals Market for Bluetooth, Revenue (USD Million) 2020 – 2028
FIG NO. 10. Comparative Revenue Analysis of Contactless Payment Terminals Market for Bluetooth, By Country, 2020 & 2028
FIG NO. 11. Global Contactless Payment Terminals Market for Infrared, Revenue (USD Million) 2020 – 2028
FIG NO. 12. Comparative Revenue Analysis of Contactless Payment Terminals Market for Infrared, By Country, 2020 & 2028
FIG NO. 13. Global Contactless Payment Terminals Market for Carrier-based, Revenue (USD Million) 2020 – 2028
FIG NO. 14. Comparative Revenue Analysis of Contactless Payment Terminals Market for Carrier-based, By Country, 2020 & 2028
FIG NO. 15. Global Contactless Payment Terminals Market for Wi-Fi, Revenue (USD Million) 2020 – 2028
FIG NO. 16. Comparative Revenue Analysis of Contactless Payment Terminals Market for Wi-Fi, By Country, 2020 & 2028
FIG NO. 17. Market Revenue Share, By Payment Method, 2020 & 2028
FIG NO. 18. Global Contactless Payment Terminals Market for Account-based, Revenue (USD Million) 2020 – 2028
FIG NO. 19. Comparative Revenue Analysis of Contactless Payment Terminals Market for Account-based, By Country, 2020 & 2028
FIG NO. 20. Global Contactless Payment Terminals Market for Credit/Debit Card, Revenue (USD Million) 2020 – 2028
FIG NO. 21. Comparative Revenue Analysis of Contactless Payment Terminals Market for Credit/Debit Card, By Country, 2020 & 2028
FIG NO. 22. Global Contactless Payment Terminals Market for Stored Value, Revenue (USD Million) 2020 – 2028
FIG NO. 23. Comparative Revenue Analysis of Contactless Payment Terminals Market for Stored Value, By Country, 2020 & 2028
FIG NO. 24. Global Contactless Payment Terminals Market for Smart Card, Revenue (USD Million) 2020 – 2028
FIG NO. 25. Comparative Revenue Analysis of Contactless Payment Terminals Market for Smart Card, By Country, 2020 & 2028
FIG NO. 26. Market Revenue Share, By Device, 2020 & 2028
FIG NO. 27. Global Contactless Payment Terminals Market for Integrated POS, Revenue (USD Million) 2020 – 2028
FIG NO. 28. Comparative Revenue Analysis of Contactless Payment Terminals Market for Integrated POS, By Country, 2020 & 2028
FIG NO. 29. Global Contactless Payment Terminals Market for mPOS, Revenue (USD Million) 2020 – 2028
FIG NO. 30. Comparative Revenue Analysis of Contactless Payment Terminals Market for mPOS, By Country, 2020 & 2028
FIG NO. 31. Global Contactless Payment Terminals Market for PDA, Revenue (USD Million) 2020 – 2028
FIG NO. 32. Comparative Revenue Analysis of Contactless Payment Terminals Market for PDA, By Country, 2020 & 2028
FIG NO. 33. Global Contactless Payment Terminals Market for Unattended Terminal, Revenue (USD Million) 2020 – 2028
FIG NO. 34. Comparative Revenue Analysis of Contactless Payment Terminals Market for Unattended Terminal, By Country, 2020 & 2028
FIG NO. 35. Global Contactless Payment Terminals Market for Contactless Reader, Revenue (USD Million) 2020 – 2028
FIG NO. 36. Comparative Revenue Analysis of Contactless Payment Terminals Market for Contactless Reader, By Country, 2020 & 2028
FIG NO. 37. Market Revenue Share, By End-user Industry, 2020 & 2028
FIG NO. 38. Global Contactless Payment Terminals Market for Retail, Revenue (USD Million) 2020 – 2028
FIG NO. 39. Comparative Revenue Analysis of Contactless Payment Terminals Market for Retail, By Country, 2020 & 2028
FIG NO. 40. Global Contactless Payment Terminals Market for Transportation, Revenue (USD Million) 2020 – 2028
FIG NO. 41. Comparative Revenue Analysis of Contactless Payment Terminals Market for Transportation, By Country, 2020 & 2028
FIG NO. 42. Global Contactless Payment Terminals Market for Banking, Revenue (USD Million) 2020 – 2028
FIG NO. 43. Comparative Revenue Analysis of Contactless Payment Terminals Market for Banking, By Country, 2020 & 2028
FIG NO. 44. Global Contactless Payment Terminals Market for Government, Revenue (USD Million) 2020 – 2028
FIG NO. 45. Comparative Revenue Analysis of Contactless Payment Terminals Market for Government, By Country, 2020 & 2028
FIG NO. 46. Global Contactless Payment Terminals Market for Healthcare, Revenue (USD Million) 2020 – 2028
FIG NO. 47. Comparative Revenue Analysis of Contactless Payment Terminals Market for Healthcare, By Country, 2020 & 2028
FIG NO. 48. Global Contactless Payment Terminals Market Revenue Share, By Region, 2020 & 2028
FIG NO. 49. North America Contactless Payment Terminals Market Revenue, 2020 - 2028 (USD Million)
FIG NO. 50. Porter’s Five Forces Analysis for Global Contactless Payment Terminals Market
FIG NO. 51. PEST Analysis for Global Contactless Payment Terminals Market
FIG NO. 52. Pricing Analysis for Global Contactless Payment Terminals Market
FIG NO. 53. Value Chain Analysis for Global Contactless Payment Terminals Market
FIG NO. 54. Company Share Analysis, 2019
FIG NO. 55. Radar Determinant Chart, 2019
FIG NO. 56. Company Strategic Developments – Heat Map Analysis
FIG NO. 57. Gemalto Business Segment Revenue Share, 2020 (%)
FIG NO. 58. Gemalto Geographical Segment Revenue Share, 2020 (%)
FIG NO. 59. Market Channels
FIG NO. 60. Marketing Channel Development Trend
FIG NO. 61. Growth in World Gross Product, 2008-2018
FIG NO. 62. Research Methodology – Detailed View
FIG NO. 63. Research Methodology


List of Tables

TABLE NO. 1. Global Contactless Payment Terminals Market: Snapshot
TABLE NO. 2. Quarterly Contactless Payment Terminals Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Contactless Payment Terminals Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
TABLE NO. 6. Global Contactless Payment Terminals Market for Bluetooth, by Region, 2020 – 2028 (USD Million)
TABLE NO. 7. Global Contactless Payment Terminals Market for Infrared, by Region, 2020 – 2028 (USD Million)
TABLE NO. 8. Global Contactless Payment Terminals Market for Carrier-based, by Region, 2020 – 2028 (USD Million)
TABLE NO. 9. Global Contactless Payment Terminals Market for Wi-Fi, by Region, 2020 – 2028 (USD Million)
TABLE NO. 10. Global Contactless Payment Terminals Market for Account-based, by Region, 2020 – 2028 (USD Million)
TABLE NO. 11. Global Contactless Payment Terminals Market for Credit/Debit Card, by Region, 2020 – 2028 (USD Million)
TABLE NO. 12. Global Contactless Payment Terminals Market for Stored Value, by Region, 2020 – 2028 (USD Million)
TABLE NO. 13. Global Contactless Payment Terminals Market for Smart Card, by Region, 2020 – 2028 (USD Million)
TABLE NO. 14. Global Contactless Payment Terminals Market for Integrated POS, by Region, 2020 – 2028 (USD Million)
TABLE NO. 15. Global Contactless Payment Terminals Market for mPOS, by Region, 2020 – 2028 (USD Million)
TABLE NO. 16. Global Contactless Payment Terminals Market for PDA, by Region, 2020 – 2028 (USD Million)
TABLE NO. 17. Global Contactless Payment Terminals Market for Unattended Terminal, by Region, 2020 – 2028 (USD Million)
TABLE NO. 18. Global Contactless Payment Terminals Market for Contactless Reader, by Region, 2020 – 2028 (USD Million)
TABLE NO. 19. Global Contactless Payment Terminals Market for Retail, by Region, 2020 – 2028 (USD Million)
TABLE NO. 20. Global Contactless Payment Terminals Market for Transportation, by Region, 2020 – 2028 (USD Million)
TABLE NO. 21. Global Contactless Payment Terminals Market for Banking, by Region, 2020 – 2028 (USD Million)
TABLE NO. 22. Global Contactless Payment Terminals Market for Government, by Region, 2020 – 2028 (USD Million)
TABLE NO. 23. Global Contactless Payment Terminals Market for Healthcare, by Region, 2020 – 2028 (USD Million)
TABLE NO. 24. Global Contactless Payment Terminals Market Revenue, By Region, 2020 – 2028 (USD Million)
TABLE NO. 25. North America Contactless Payment Terminals Market Revenue, By Country, 2020 – 2028 (USD Million)
TABLE NO. 26. North America Contactless Payment Terminals Market Revenue, By Technology, 2020 – 2028 (USD Million)
TABLE NO. 27. North America Contactless Payment Terminals Market Revenue, By Payment Method, 2020 – 2028 (USD Million)
TABLE NO. 28. North America Contactless Payment Terminals Market Revenue, By Device, 2020 – 2028 (USD Million)
TABLE NO. 29. North America Contactless Payment Terminals Market Revenue, By End-user Industry, 2020 – 2028 (USD Million)
TABLE NO. 30. U.S. Contactless Payment Terminals Market Revenue, By Technology, 2020 – 2028 (USD Million)
TABLE NO. 31. U.S. Contactless Payment Terminals Market Revenue, By Payment Method, 2020 – 2028 (USD Million)
TABLE NO. 32. U.S. Contactless Payment Terminals Market Revenue, By Device, 2020 – 2028 (USD Million)
TABLE NO. 33. U.S. Contactless Payment Terminals Market Revenue, By End-user Industry, 2020 – 2028 (USD Million)
TABLE NO. 34. Canada Contactless Payment Terminals Market Revenue, By Technology, 2020 – 2028 (USD Million)
TABLE NO. 35. Canada Contactless Payment Terminals Market Revenue, By Payment Method, 2020 – 2028 (USD Million)
TABLE NO. 36. Canada Contactless Payment Terminals Market Revenue, By Device, 2020 – 2028 (USD Million)
TABLE NO. 37. Canada Contactless Payment Terminals Market Revenue, By End-user Industry, 2020 – 2028 (USD Million)
TABLE NO. 38. Mexico Contactless Payment Terminals Market Revenue, By Technology, 2020 – 2028 (USD Million)
TABLE NO. 39. Mexico Contactless Payment Terminals Market Revenue, By Payment Method, 2020 – 2028 (USD Million)
TABLE NO. 40. Mexico Contactless Payment Terminals Market Revenue, By Device, 2020 – 2028 (USD Million)
TABLE NO. 41. Mexico Contactless Payment Terminals Market Revenue, By End-user Industry, 2020 – 2028 (USD Million)
TABLE NO. 42. Drivers for the Contactless Payment Terminals Market: Impact Analysis
TABLE NO. 43. Restraints for the Contactless Payment Terminals Market: Impact Analysis
TABLE NO. 44. Major Buyers of Contactless Payment Terminals
TABLE NO. 45. Distributors/Traders List of Contactless Payment Terminals
TABLE NO. 46. Global Contactless Payment Terminals Market, Company Market Revenue, 2016 – 2019 (USD Million)
TABLE NO. 47. Global Contactless Payment Terminals Market, Company Y-o-Y Growth, 2017 – 2019 (USD Million)

Methodology

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FrequentlyAsked Questions

The global contactless payment terminals market accounted for USD 14.24 Billion in 2020.

The global contactless payment terminals market is expected to reach USD 66.30 Billion by 2028, growing at a CAGR of 21.2% from 2021 to 2028.

The market's growth is being bolstered by continuous product and service innovation, as well as advancements in payment security technologies. Furthermore, contactless payments allow for money transfers between a point-of-sale terminal and a customer's payment device.

In 2020, Europe dominated the contactless payment market, accounting for over 33% of global revenue. The growth of the regional market can be attributed to the region's consistently increasing electronic money transactions.

Some of key players in contactless payment terminals market are Gemalto, Giesecke+Devrient, Ingenico, InsideSecure, Oberthur Technologies S.A., On Track Innovations, PAX Technology, Inc., Proxama Plc, Verifone, and Wirecard, among others.

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