Contactless Payments Market Size, Segments, and Trends by 2031
Contactless Payments Market: Strategic Insights
Contactless Payments Market
-
CAGR (2023 - 2031)13.5% -
Market Size 2023
US$ 33.27 Billion -
Market Size 2031
US$ 91.80 Billion
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 Payment
Key Players
- Infineon Technologies AG
- Ingenico
- Giesecke Devrient GmbH
- IDEMIA
- CPI Card Group Inc
- PAX Technology
- SumUp Payments Pty Limited
- Visa
- Thales SA
- Mastercard
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Payment Mode
- Smartphones
- Smart Cards
- PoS Terminals
Component
- Hardware
- Solutions
- Services
Industry Vertical
- Retail
- Hospitality
- Healthcare
- Transportation & Logistics
- Media & Entertainment