Contactless Payment Terminals Market Report: Trends, Forecast and Competitive Analysis to 2030

Contactless Payment Terminals Market Report: Trends, Forecast and Competitive Analysis to 2030

Contactless Payment Terminals Trends and Forecast

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. Sample figures with some insights are shown below.

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 regions 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 .

Q4. 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

Q5. 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

Q6. 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.

Q7. 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?

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