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Contactless Payments Market Global Opportunity Analysis and Industry Forecast, 2017-2023

Contactless Payments Market Overview:<br>The mobile payment industry has evolved over the past decade with advanced technologies and innovative developments by the key players for providing ease of payment using devices such as mobile handsets, point of sale terminals, NFC chips, smart cards, and others. Contactless payment systems comprise smart cards or other devices that integrate RFID or NFC technologies for making secure and contactless payment. Unlike mobile payments that are done through the internet, contactless payments are carried out in close physical proximity preventing unauthorized access during the transaction(s).

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Contactless Payments Market Global Opportunity Analysis and Industry Forecast, 2017-2023

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  1. Opportunity Analysis and Industry Forecast, 2016-2023 Contactless Payments Market Global Opportunity Analysis and Industry Forecast, 2017-2023

  2. Contactless Payments Market Contactless Payments Market by Device Type and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global contactless payments market was valued at $6,734 million in 2016, and is projected to reach at $25,565 million by 2023, growing at a CAGR of 21.2% from 2017 to 2023. In 2016, the mobile devices segment accounted for the highest revenue share in the contactless payments market. Consumers as well as enterprises have increasingly adopted number of ways for convenient and secure payments. One of such medium is a contactless system that has revolutionized the retail and transportation industries in the past few years. The global contactless payments market is driven by convenience in processing low-value payments, increased revenue opportunities, and reduced transaction time. However, high costs involved for the deployment of EPOS terminals and lack of trust and security concerns hamper the market growth. Europe dominated the global market in 2016, and is expected to continue this trend during the forecast period, owing to the growing adoption of contactless smart cards. Furthermore, Asia-Pacific is expected to grow at the highest CAGR during the forecast period. Request to sample- https://www.alliedmarketresearch.com/request-sample/2513

  3. Contactless Payments Market Key Findings of the Contactless Payments Market: *The mobile devices segment is expected to exhibit significant increase in the global contactless payments market during the forecast period. *In 2016, the BFSI segment accounted for the highest revenue among the other industry verticals. *Asia-Pacific is anticipated to exhibit substantial growth during the forecast period. The key players profiled in the report include Ingenico Group, Verifone Systems, Inc., Inside Secure, on Track Innovations, Oberthur Technologies SA, Proxama, PLC., Wirecard AG, Giesecke & Devrient GmbH, Gemalto N.V., and Heartland Payment Systems, Inc.

  4. Contactless Payments Market • By Geography • NortAmerica • U.S. • Canada • Mexico • Europe • UK • Germany • France • Spain • Italy • Rest of Europe • Asia-Pacific • China • Japan • India • Australia • South Korea • Rest of Asia-Pacific

  5. Contactless Payments Market Thank You! For More Details Visit us at https://www.alliedmarketresearch.com/contactless-payments-market Follow Us On

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