Abstract
Summary
LPI (LP Information)' newest research report, the “Contactless Payment Industry Forecast” looks at past sales and reviews total world Contactless Payment sales in 2022, providing a comprehensive analysis by region and market sector of projected Contactless Payment sales for 2023 through 2029. With Contactless Payment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Contactless Payment industry.
This Insight Report provides a comprehensive analysis of the global Contactless Payment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Contactless Payment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Contactless Payment market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Contactless Payment and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Contactless Payment.
The global Contactless Payment market size is projected to grow from US$ 10040 million in 2022 to US$ 22820 million in 2029; it is expected to grow at a CAGR of 12.4% from 2023 to 2029.
United States market for Contactless Payment is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
China market for Contactless Payment is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
Europe market for Contactless Payment is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
Global key Contactless Payment players cover American Express, Thales, Giesecke & Devrient, Heartland Payment Systems, Ingenico Group, Inside Secure, MasterCard Worldwide, Microsoft and Oberthur Technologies, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.
This report presents a comprehensive overview, market shares, and growth opportunities of Contactless Payment market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Smart Cards
NFC Chips
Point of Sale Terminals
Mobile Handsets
Other Devices
Segmentation by application
Managed Services
Professional Services
Multi-Channel Payment
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
American Express
Thales
Giesecke & Devrient
Heartland Payment Systems
Ingenico Group
Inside Secure
MasterCard Worldwide
Microsoft
Oberthur Technologies
On Track innovations
Opus Software Solutions
Paypal
Proxama
Renesas Electronic
Discover
Verifone Systems
Visa
Wirecard
Apple
Google
Tencent
Alibaba
UnionPay
Chase
This Insight Report provides a comprehensive analysis of the global Contactless Payment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Contactless Payment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Contactless Payment market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Contactless Payment and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Contactless Payment.
The global Contactless Payment market size is projected to grow from US$ 10040 million in 2022 to US$ 22820 million in 2029; it is expected to grow at a CAGR of 12.4% from 2023 to 2029.
United States market for Contactless Payment is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
China market for Contactless Payment is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
Europe market for Contactless Payment is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
Global key Contactless Payment players cover American Express, Thales, Giesecke & Devrient, Heartland Payment Systems, Ingenico Group, Inside Secure, MasterCard Worldwide, Microsoft and Oberthur Technologies, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.
This report presents a comprehensive overview, market shares, and growth opportunities of Contactless Payment market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Smart Cards
NFC Chips
Point of Sale Terminals
Mobile Handsets
Other Devices
Segmentation by application
Managed Services
Professional Services
Multi-Channel Payment
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
American Express
Thales
Giesecke & Devrient
Heartland Payment Systems
Ingenico Group
Inside Secure
MasterCard Worldwide
Microsoft
Oberthur Technologies
On Track innovations
Opus Software Solutions
Paypal
Proxama
Renesas Electronic
Discover
Verifone Systems
Visa
Wirecard
Apple
Tencent
Alibaba
UnionPay
Chase
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Contactless Payment Market Size 2018-2029
2.1.2 Contactless Payment Market Size CAGR by Region 2018 VS 2022 VS 2029
2.2 Contactless Payment Segment by Type
2.2.1 Smart Cards
2.2.2 NFC Chips
2.2.3 Point of Sale Terminals
2.2.4 Mobile Handsets
2.2.5 Other Devices
2.3 Contactless Payment Market Size by Type
2.3.1 Contactless Payment Market Size CAGR by Type (2018 VS 2022 VS 2029)
2.3.2 Global Contactless Payment Market Size Market Share by Type (2018-2023)
2.4 Contactless Payment Segment by Application
2.4.1 Managed Services
2.4.2 Professional Services
2.4.3 Multi-Channel Payment
2.5 Contactless Payment Market Size by Application
2.5.1 Contactless Payment Market Size CAGR by Application (2018 VS 2022 VS 2029)
2.5.2 Global Contactless Payment Market Size Market Share by Application (2018-2023)
3 Contactless Payment Market Size by Player
3.1 Contactless Payment Market Size Market Share by Players
3.1.1 Global Contactless Payment Revenue by Players (2018-2023)
3.1.2 Global Contactless Payment Revenue Market Share by Players (2018-2023)
3.2 Global Contactless Payment Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2021-2023)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Contactless Payment by Regions
4.1 Contactless Payment Market Size by Regions (2018-2023)
4.2 Americas Contactless Payment Market Size Growth (2018-2023)
4.3 APAC Contactless Payment Market Size Growth (2018-2023)
4.4 Europe Contactless Payment Market Size Growth (2018-2023)
4.5 Middle East & Africa Contactless Payment Market Size Growth (2018-2023)
5 Americas
5.1 Americas Contactless Payment Market Size by Country (2018-2023)
5.2 Americas Contactless Payment Market Size by Type (2018-2023)
5.3 Americas Contactless Payment Market Size by Application (2018-2023)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Contactless Payment Market Size by Region (2018-2023)
6.2 APAC Contactless Payment Market Size by Type (2018-2023)
6.3 APAC Contactless Payment Market Size by Application (2018-2023)
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Contactless Payment by Country (2018-2023)
7.2 Europe Contactless Payment Market Size by Type (2018-2023)
7.3 Europe Contactless Payment Market Size by Application (2018-2023)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Contactless Payment by Region (2018-2023)
8.2 Middle East & Africa Contactless Payment Market Size by Type (2018-2023)
8.3 Middle East & Africa Contactless Payment Market Size by Application (2018-2023)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global Contactless Payment Market Forecast
10.1 Global Contactless Payment Forecast by Regions (2024-2029)
10.1.1 Global Contactless Payment Forecast by Regions (2024-2029)
10.1.2 Americas Contactless Payment Forecast
10.1.3 APAC Contactless Payment Forecast
10.1.4 Europe Contactless Payment Forecast
10.1.5 Middle East & Africa Contactless Payment Forecast
10.2 Americas Contactless Payment Forecast by Country (2024-2029)
10.2.1 United States Contactless Payment Market Forecast
10.2.2 Canada Contactless Payment Market Forecast
10.2.3 Mexico Contactless Payment Market Forecast
10.2.4 Brazil Contactless Payment Market Forecast
10.3 APAC Contactless Payment Forecast by Region (2024-2029)
10.3.1 China Contactless Payment Market Forecast
10.3.2 Japan Contactless Payment Market Forecast
10.3.3 Korea Contactless Payment Market Forecast
10.3.4 Southeast Asia Contactless Payment Market Forecast
10.3.5 India Contactless Payment Market Forecast
10.3.6 Australia Contactless Payment Market Forecast
10.4 Europe Contactless Payment Forecast by Country (2024-2029)
10.4.1 Germany Contactless Payment Market Forecast
10.4.2 France Contactless Payment Market Forecast
10.4.3 UK Contactless Payment Market Forecast
10.4.4 Italy Contactless Payment Market Forecast
10.4.5 Russia Contactless Payment Market Forecast
10.5 Middle East & Africa Contactless Payment Forecast by Region (2024-2029)
10.5.1 Egypt Contactless Payment Market Forecast
10.5.2 South Africa Contactless Payment Market Forecast
10.5.3 Israel Contactless Payment Market Forecast
10.5.4 Turkey Contactless Payment Market Forecast
10.5.5 GCC Countries Contactless Payment Market Forecast
10.6 Global Contactless Payment Forecast by Type (2024-2029)
10.7 Global Contactless Payment Forecast by Application (2024-2029)
11 Key Players Analysis
11.1 American Express
11.1.1 American Express Company Information
11.1.2 American Express Contactless Payment Product Offered
11.1.3 American Express Contactless Payment Revenue, Gross Margin and Market Share (2018-2023)
11.1.4 American Express Main Business Overview
11.1.5 American Express Latest Developments
11.2 Thales
11.2.1 Thales Company Information
11.2.2 Thales Contactless Payment Product Offered
11.2.3 Thales Contactless Payment Revenue, Gross Margin and Market Share (2018-2023)
11.2.4 Thales Main Business Overview
11.2.5 Thales Latest Developments
11.3 Giesecke & Devrient
11.3.1 Giesecke & Devrient Company Information
11.3.2 Giesecke & Devrient Contactless Payment Product Offered
11.3.3 Giesecke & Devrient Contactless Payment Revenue, Gross Margin and Market Share (2018-2023)
11.3.4 Giesecke & Devrient Main Business Overview
11.3.5 Giesecke & Devrient Latest Developments
11.4 Heartland Payment Systems
11.4.1 Heartland Payment Systems Company Information
11.4.2 Heartland Payment Systems Contactless Payment Product Offered
11.4.3 Heartland Payment Systems Contactless Payment Revenue, Gross Margin and Market Share (2018-2023)
11.4.4 Heartland Payment Systems Main Business Overview
11.4.5 Heartland Payment Systems Latest Developments
11.5 Ingenico Group
11.5.1 Ingenico Group Company Information
11.5.2 Ingenico Group Contactless Payment Product Offered
11.5.3 Ingenico Group Contactless Payment Revenue, Gross Margin and Market Share (2018-2023)
11.5.4 Ingenico Group Main Business Overview
11.5.5 Ingenico Group Latest Developments
11.6 Inside Secure
11.6.1 Inside Secure Company Information
11.6.2 Inside Secure Contactless Payment Product Offered
11.6.3 Inside Secure Contactless Payment Revenue, Gross Margin and Market Share (2018-2023)
11.6.4 Inside Secure Main Business Overview
11.6.5 Inside Secure Latest Developments
11.7 MasterCard Worldwide
11.7.1 MasterCard Worldwide Company Information
11.7.2 MasterCard Worldwide Contactless Payment Product Offered
11.7.3 MasterCard Worldwide Contactless Payment Revenue, Gross Margin and Market Share (2018-2023)
11.7.4 MasterCard Worldwide Main Business Overview
11.7.5 MasterCard Worldwide Latest Developments
11.8 Microsoft
11.8.1 Microsoft Company Information
11.8.2 Microsoft Contactless Payment Product Offered
11.8.3 Microsoft Contactless Payment Revenue, Gross Margin and Market Share (2018-2023)
11.8.4 Microsoft Main Business Overview
11.8.5 Microsoft Latest Developments
11.9 Oberthur Technologies
11.9.1 Oberthur Technologies Company Information
11.9.2 Oberthur Technologies Contactless Payment Product Offered
11.9.3 Oberthur Technologies Contactless Payment Revenue, Gross Margin and Market Share (2018-2023)
11.9.4 Oberthur Technologies Main Business Overview
11.9.5 Oberthur Technologies Latest Developments
11.10 On Track innovations
11.10.1 On Track innovations Company Information
11.10.2 On Track innovations Contactless Payment Product Offered
11.10.3 On Track innovations Contactless Payment Revenue, Gross Margin and Market Share (2018-2023)
11.10.4 On Track innovations Main Business Overview
11.10.5 On Track innovations Latest Developments
11.11 Opus Software Solutions
11.11.1 Opus Software Solutions Company Information
11.11.2 Opus Software Solutions Contactless Payment Product Offered
11.11.3 Opus Software Solutions Contactless Payment Revenue, Gross Margin and Market Share (2018-2023)
11.11.4 Opus Software Solutions Main Business Overview
11.11.5 Opus Software Solutions Latest Developments
11.12 Paypal
11.12.1 Paypal Company Information
11.12.2 Paypal Contactless Payment Product Offered
11.12.3 Paypal Contactless Payment Revenue, Gross Margin and Market Share (2018-2023)
11.12.4 Paypal Main Business Overview
11.12.5 Paypal Latest Developments
11.13 Proxama
11.13.1 Proxama Company Information
11.13.2 Proxama Contactless Payment Product Offered
11.13.3 Proxama Contactless Payment Revenue, Gross Margin and Market Share (2018-2023)
11.13.4 Proxama Main Business Overview
11.13.5 Proxama Latest Developments
11.14 Renesas Electronic
11.14.1 Renesas Electronic Company Information
11.14.2 Renesas Electronic Contactless Payment Product Offered
11.14.3 Renesas Electronic Contactless Payment Revenue, Gross Margin and Market Share (2018-2023)
11.14.4 Renesas Electronic Main Business Overview
11.14.5 Renesas Electronic Latest Developments
11.15 Discover
11.15.1 Discover Company Information
11.15.2 Discover Contactless Payment Product Offered
11.15.3 Discover Contactless Payment Revenue, Gross Margin and Market Share (2018-2023)
11.15.4 Discover Main Business Overview
11.15.5 Discover Latest Developments
11.16 Verifone Systems
11.16.1 Verifone Systems Company Information
11.16.2 Verifone Systems Contactless Payment Product Offered
11.16.3 Verifone Systems Contactless Payment Revenue, Gross Margin and Market Share (2018-2023)
11.16.4 Verifone Systems Main Business Overview
11.16.5 Verifone Systems Latest Developments
11.17 Visa
11.17.1 Visa Company Information
11.17.2 Visa Contactless Payment Product Offered
11.17.3 Visa Contactless Payment Revenue, Gross Margin and Market Share (2018-2023)
11.17.4 Visa Main Business Overview
11.17.5 Visa Latest Developments
11.18 Wirecard
11.18.1 Wirecard Company Information
11.18.2 Wirecard Contactless Payment Product Offered
11.18.3 Wirecard Contactless Payment Revenue, Gross Margin and Market Share (2018-2023)
11.18.4 Wirecard Main Business Overview
11.18.5 Wirecard Latest Developments
11.19 Apple
11.19.1 Apple Company Information
11.19.2 Apple Contactless Payment Product Offered
11.19.3 Apple Contactless Payment Revenue, Gross Margin and Market Share (2018-2023)
11.19.4 Apple Main Business Overview
11.19.5 Apple Latest Developments
11.20 Google
11.20.1 Google Company Information
11.20.2 Google Contactless Payment Product Offered
11.20.3 Google Contactless Payment Revenue, Gross Margin and Market Share (2018-2023)
11.20.4 Google Main Business Overview
11.20.5 Google Latest Developments
11.21 Tencent
11.21.1 Tencent Company Information
11.21.2 Tencent Contactless Payment Product Offered
11.21.3 Tencent Contactless Payment Revenue, Gross Margin and Market Share (2018-2023)
11.21.4 Tencent Main Business Overview
11.21.5 Tencent Latest Developments
11.22 Alibaba
11.22.1 Alibaba Company Information
11.22.2 Alibaba Contactless Payment Product Offered
11.22.3 Alibaba Contactless Payment Revenue, Gross Margin and Market Share (2018-2023)
11.22.4 Alibaba Main Business Overview
11.22.5 Alibaba Latest Developments
11.23 UnionPay
11.23.1 UnionPay Company Information
11.23.2 UnionPay Contactless Payment Product Offered
11.23.3 UnionPay Contactless Payment Revenue, Gross Margin and Market Share (2018-2023)
11.23.4 UnionPay Main Business Overview
11.23.5 UnionPay Latest Developments
11.24 Chase
11.24.1 Chase Company Information
11.24.2 Chase Contactless Payment Product Offered
11.24.3 Chase Contactless Payment Revenue, Gross Margin and Market Share (2018-2023)
11.24.4 Chase Main Business Overview
11.24.5 Chase Latest Developments
12 Research Findings and Conclusion