Africa Contactless Payments Market Size And Share

  • Report Code : TIPRE00039407
  • Category : Technology, Media and Telecommunications
  • Status : Published
  • No. of Pages : 95
Buy Now

Africa Contactless Payments Market Size and Scope 2031

Buy Now

Africa Contactless Payments Market Report Africa Contactless Payments Market Scope and Analysis Africa Contactless Payments Market Size and Share

Africa Contactless Payments Market: Size and Share

Africa Contactless Payments Market

  • CAGR (2023 - 2031)
    8.8%
  • Market Size 2023
    US$ 781.72 Million
  • Market Size 2031
    US$ 1536.57 Million

Market Dynamics

GROWTH DRIVERS
  • Increase in Government Initiatives to Promote Digital Payments
  • Efficiency and Cost Effectiveness of Contactless Payments
FUTURE TRENDS
  • Voice-Based Payments with Voice Match Confirmation
OPPORTUNITIES
  • Technological Advancements in Contactless payments
  • IoT Embedded Contactless Payments

Market Segmentation

Component
  • Hardware
  • Software
  • Services
Payment Mode
  • Smartphones
  • Smart Cards
  • POS Terminals
Industry Verticals
  • Retail
  • Transportation and Logistics
  • Hospitality
  • Healthcare
  • Media and Entertainment

Africa Contactless Payments Market Players Density: Understanding Its Impact on Business Dynamics

The Africa Contactless Payments Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Africa Contactless Payments Market are:

  1. Visa
  2. Mastercard
  3. IBA Group
  4. Giesecke + Devrient GmbH
  5. IDEMIA
  6. CityCard Technology Ltd

Disclaimer: The companies listed above are not ranked in any particular order.


africa-contactless-payments-market-speedometer

  • Get the Africa Contactless Payments Market top key players overview