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Contactless Payment System Market by Top Key Players, Types, Applications and Future Forecast to 2030
Global Contactless Payment System Market
The contactless payment system is secured by numerous levels of security in coordination with Radio-frequency Identification (RFID) and Near Field Communication (NFC) technologies for making a secure payment. In addition, it permits tapping contactless cards or payment-enabled devices for administrative expenses. Moreover, contactless payments are employed in BFSI, retail, energy & utilities, and several other sectors due to benefits supplied by this technology, including reduced transaction time, greater convenience, and leveraging of customers' experience at POS terminal during the transaction.
The rise in smartphone adoption, enhanced convenience & reduced transaction time given by contactless payments, and rising demand for mobile & wearable payment devices boost the market growth. Moreover, the integration of IoT and contactless payments technology and an increase in acceptance in emerging economies will likely enhance market growth in the following years.
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Global Contactless Payment System Market: Major Players
Gemalto N.V.
MCR Systems Inc
Infineon Technologies
INSIDE Secure
Diebold Inc
Giesecke & Devrient GmbH
HID Global
Oberthur Technologies
ST Microelectronics
Global Contactless Payment System Market: By Types
Mobile Handsets
Contactless Smart Cards
Contactless Form Factors
Global Contactless Payment System Market: By Applications
Government
Telecommunication & IT
Retail
Hospitality
Others
Global Contactless Payment System Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Contactless Payment System market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Key Questions Answered in the Report
•What was the global contactless payments market size in 2020?
•What is the growth rate of the market?
•What is the forecast outlook of the market for 2023-2030?
•What are the major industry drivers?
•What are the key industry trends of the global contactless payments market?
•What are the major device types using contactless payments in the industry?
•What are the leading applications of contactless payments?
•Who are the key industry players, according to the report?
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