The global Contactless Payment market research report published by Reports and Data is an investigative study that offers accurate estimations of the growth rate and market size over the forecast period. The report offers a comprehensive assessment of competitive landscape, regional bifurcation, segmentation by type, application, and end-use, and growth prospects. The all-inclusive market report also offers SWOT analysis and Porter’s Five forces analysis to offer deeper insights about key companies operating in the market. The information and communication technology industry revenue is expected to expand significantly over the forecast period owing to continual innovations and technological advancements occurring in the market. Changes in demands and consumption patterns and increasing focus on data security, safety, and need for efficient management of massive volume of data have contributed to market development.

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Key companies operating in the market:

Gemalto
Visa Inc.
Giesecke & Devrient GmbH
Heartland Payment Systems, Inc.
Verifone
Ingenico Group SA
On Track Innovations Ltd.
IDEMIA
Thales Group
Wirecard AG
Market Overview:

Increasing adoption of technologically upgrade and advanced devices among users and rising penetration of internet has led to generation of massive amount of data across various industries and sectors. Growing demand for enhanced data security and privacy has contributed to the revenue growth of the market. In addition, rising application of the Internet of Things (IoT) and usage of business intelligence have further fueled market growth. Developments across various segments such as internet, wireless networks, computers, software, social networking, and other services have impacted the growth of the information and communication technologies market.

ICTs refer to the amalgamation of media technology with computer networks through cables or link systems. Key emerging trends such as use of IoT, media systems, and information and communication technologies in different sectors such as agriculture, financial services, and meteorological data collection, among others have also boosted revenue growth. The advent of artificial intelligence and robotics have further brought evolution in the ICT industry.

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Report Overview:

The report further segments the global Contactless Payment market based

By Component

Hardware
PoS Terminals
Smart Cards
Solutions
Services
Consulting
Integration & Deployment
Support & Maintenance

By End-user

Retail
Hospitality
Healthcare
Energy & Utilities
Transportation & Logistics
BFSI
Others

By Technology

RFID
NFC
IR
Others

Key players dominating the global Contactless Payment market are focusing on development and advancement in software and security technologies to cater to the growing consumer demand. Factors such as rapid economic growth, shifting consumer preference, and rapidly changing market dynamics have also accelerated market revenue growth. The report sheds lights on the key strategic initiatives such as mergers and acquisitions, collaborations, partnerships, product launches, corporate deals, and agreements undertaken by the key companies. The report also offers insights into market share, market size, and revenue growth in key regions of the globe.

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Regional analysis covers:

North America
U.S.
Canada
Mexico
Europe
Russia
U.K.
Germany
France
BENELUX
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
U.A.E.
Israel
Rest of MEA

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