The future of the global contactless payment terminals market looks promising with opportunities in the retail, transportation, banking, government, and healthcare markets. The global contactless payment terminals market is expected to reach an estimated $51.4 billion by 2030 with a CAGR of 18.5% from 2024 to 2030. The major drivers for this market are the ascent of cashless societies, promoting digital payment providers through incentives for customers embracing digital payment methods ,and escalating global financial fraud has spurred government regulatory bodies to enhance payment transaction security.
A more than 150-page report is developed to help in your business decisions.
Contactless Payment Terminals by Segment
The study includes a forecast for the global contactless payment terminals by technology, payment mode, device, end use industry, and region.
Contactless Payment Terminals Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
Bluetooth
Infrared
Carrier-Based
Wi-Fi
Other Technologies
Contactless Payment Terminals Market by Payment Mode [Shipment Analysis by Value from 2018 to 2030]:
Account-Based
Credit/Debit Card
Stored Value
Smart Card
Other Payment Modes
Contactless Payment Terminals Market by Device [Shipment Analysis by Value from 2018 to 2030]:
Integrated POS
mPOS
PDA
Unattended Terminal
Contactless Reader
Other Devices
Contactless Payment Terminals Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
Retail
Transportation
Banking
Government
Healthcare
Other End Use Industries
Contactless Payment Terminals Market by Region [Shipment Analysis by Value from 2018 to 2030]:
North America
Europe
Asia Pacific
The Rest of the World
List of Contactless Payment Terminals Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies contactless payment terminals companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the contactless payment terminals companies profiled in this report include-
Thales Group
OTI Global
Verifone Systems
Hewlett Packard Enterprise
Ingenico Group
Visiontek Products
Paypal Holdings
Castles Technologies
ID Tech Solutions
NEC Corporation
Contactless Payment Terminals Market Insights
Lucintel forecasts that carrier-based is expected to witness highest growth over the forecast period.
Within this market, retail will remain the largest segment.
Asia Pacific is expected to witness highest growth over the forecast period.
Features of the Global Contactless Payment Terminals Market
Market Size Estimates: Contactless payment terminals market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Contactless payment terminals market by various segments, such as by technology, payment mode, device, end use industry and region in terms of($B).
Regional Analysis: Contactless payment terminals market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different technologies, payment mode, device, end use industry, and region.s for the contactless payment terminals market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the contactless payment terminals market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q.1. What is the contactless payment terminals market size?
Answer: The global contactless payment terminals market is expected to reach an estimated $51.4 billion by 2030.
Q.2. What is the growth forecast for contactless payment terminals market?
Answer: The global contactless payment terminals market is expected to grow with a CAGR of 18.5% from 2024 to 2030.
Q.3. What are the major drivers influencing the growth of the contactless payment terminals market?
Answer: The major drivers for this market are the ascent of cashless societies, promoting digital payment providers through incentives for customers embracing digital payment methods, and escalating global financial fraud has spurred government regulatory bodies to enhance payment transaction security .
Q.4. What are the major segments for contactless payment terminals market?
Answer: The future of the contactless payment terminals market looks promising with opportunities in the retail, transportation, banking, government, and healthcare markets
Q.5. Who are the key Contactless payment terminals market companies?
Answer: Some of the key contactless payment terminals companies are as follows:
Thales Group
OTI Global
VeriFone Systems
Hewlett Packard Enterprise
Ingenico Group
Visiontek Products
PayPal Holdings
Castles Technologies
ID Tech Solutions
NEC Corporation
Q.6. Which contactless payment terminals market segment will be the largest in future?
Answer: Lucintel forecasts that carrier-based is expected to witness highest growth over the forecast period.
Q.7. In contactless payment terminals market, which region is expected to be the largest in next 5 years?
Answer: Asia Pacific is expected to witness highest growth over the forecast period.
Q.8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the contactless payment terminals market by technology (bluetooth, infrared, carrier-based, Wi-Fi, and other technologies), payment mode (account-based, credit/debit card, stored value, smart card, and other payment modes), device (integrated POS, mPOS, PDA, unattended terminal, contactless reader, and other devices), end use industry (retail, transportation, banking, government, healthcare, and other end use industries), and region. (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they POSe for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
Table of Contents
1. Executive Summary
2. Global Contactless Payment Terminals Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Contactless Payment Terminals Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Contactless Payment Terminals Market by Technology
3.3.1: Bluetooth
3.3.2: Infrared
3.3.3: Carrier-Based
3.3.4: Wi-Fi
3.3.5: Other Technologies
3.4: Global Contactless Payment Terminals Market by Payment Mode
3.4.1: Account-Based
3.4.2: Credit/Debit Card
3.4.3: Stored Value
3.4.4: Smart Card
3.4.5: Other Payment Modes
3.5: Global Contactless Payment Terminals Market by Device
3.5.1: Integrated POS
3.5.2: mPOS
3.5.3: PDA
3.5.4: Unattended Terminal
3.5.5: Contactless Reader
3.5.6: Other Devices
3.6: Global Contactless Payment Terminals Market by End Use Industry
3.6.1: Retail
3.6.2: Transportation
3.6.3: Banking
3.6.4: Government
3.6.5: Healthcare
3.6.6: Other End Use Industries
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Contactless Payment Terminals Market by Region
4.2: North American Contactless Payment Terminals Market
4.2.2: North American Contactless Payment Terminals Market by End Use Industry: Retail, Transportation, Banking, Government, Healthcare, and Other End Use Industries
4.3: European Contactless Payment Terminals Market
4.3.1: European Contactless Payment Terminals Market by Technology: Bluetooth, Infrared, Carrier-Based, Wi-Fi, and Other Technologies
4.3.2: European Contactless Payment Terminals Market by End Use Industry: Retail, Transportation, Banking, Government, Healthcare, and Other End Use Industries
4.4: APAC Contactless Payment Terminals Market
4.4.1: APAC Contactless Payment Terminals Market by Technology: Bluetooth, Infrared, Carrier-Based, Wi-Fi, and Other Technologies
4.4.2: APAC Contactless Payment Terminals Market by End Use Industry: Retail, Transportation, Banking, Government, Healthcare, and Other End Use Industries
4.5: ROW Contactless Payment Terminals Market
4.5.1: ROW Contactless Payment Terminals Market by Technology: Bluetooth, Infrared, Carrier-Based, Wi-Fi, and Other Technologies
4.5.2: ROW Contactless Payment Terminals Market by End Use Industry: Retail, Transportation, Banking, Government, Healthcare, and Other End Use Industries
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter's Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Contactless Payment Terminals Market by Technology
6.1.2: Growth Opportunities for the Global Contactless Payment Terminals Market by Payment Mode
6.1.3: Growth Opportunities for the Global Contactless Payment Terminals Market by Device
6.1.4: Growth Opportunities for the Global Contactless Payment Terminals Market by End Use Industry
6.1.5: Growth Opportunities for the Global Contactless Payment Terminals Market by Region
6.2: Emerging Trends in the Global Contactless Payment Terminals Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Contactless Payment Terminals Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Contactless Payment Terminals Market