Contactless Payment Transaction Market Projected to grow at a CAGR of 41.0% over the Forecast Period 2016-2024

(I-SoftwareNews.Com, October 09, 2018 ) According to Goldstein Research, contactless payment transaction market is anticipated to reach a market size of USD 200.0 billion by 2024, growing at a CAGR of 41.0% over the forecast period 2016-2024. The factors such as reduced time & stress for making transactions, efficient streamline payment and moreover the growth of the e-commerce industry is driving the growth of the market. Further geographically, global contactless payment transaction industry is dominated by Europe, with a market share of 55.0% in 2016. The globally UK, US, and Australia have the highest share in the adoption of the contactless payment system, owing to the high adoption of wearable technology.

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Market Segmentation

Global Contactless Payment Transaction Market can be segmented as follows:

Based on Payment Mode

• Wearable Devices Market Analysis, 2016-2024

• Contactless Smart Card (Radio-frequency Identification/Near Field Communication Technology)Market Analysis, 2016-2024

• Contactless Mobile Payment Market Analysis, 2016-2024

Based on End-User

• Government

• Banking & Finance

• IT & Telecommunication

• Transportation & Logistics

• Energy & Utilities

• Healthcare

• Retail

• Hospitality

By Region

• North America Contactless Payment Transaction Market Analysis, 2016-2024

• Europe Contactless Payment Transaction Market Analysis, 2016-2024

• Middle East And Africa Contactless Payment Transaction Market Analysis, 2016-2024

• Latin America Contactless Payment Transaction Market Analysis, 2016-2024

• Asia Pacific Contactless Payment Transaction Market Analysis, 2016-2024

• Rest Of The World Contactless Payment Transaction Market Analysis, 2016-2024

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“Global Contactless Payment Transaction Market Outlook 2024” contains a detailed overview of the global contactless payment transaction market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by payment mode, end user and geography.

The Global Contactless Payment Transaction Market Report encompasses the competitive outlook of major players across the globe that includes the R&D activities, investments, revenue distribution, financial analysis, business strategies, and product portfolio. The in-depth analysis of the contactless payment transaction market report will help the clients to assess their business strategies as per the competitive environment in the market space.

Major players of the global contactless payment transaction market discussed in the report are: Apple Inc., Barclays, Gemalto N.V., Giesecke&Devrient GmbH, Heartland Payment Systems, Inc., Ingenico Group, Inside Secure, On Track Innovations LTD, Samsung Electronics Ltd., Verifone Systems, Inc., Oberthur Technologies SA, Proxama PLC, Wirecard,etc.

Further, Global Contactless Payment Transaction Market Report encompasses the major trends & growth opportunities, market dynamics, and other growth factors. The Contactless Payment Transaction Market outlook also comprises of key challenges for the market players, risk analysis, SWOT Analysis, BPS analysis, and Market Attractiveness. The report also includes the expert analysis which provides a complete overview of the market post analysis of the economic, political, environmental & social factors of each region and country.

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Contactless Payment Transaction Market Projected to grow at a CAGR of 41.0% over the Forecast Period 2016-2024