Contactless Payment Terminals Market size is estimated to be USD 23.5 Billion in 2024 and is expected to reach USD 62.1 Billion by 2033 at a CAGR of 12.5% from 2026 to 2033.
In 2022, the global contactless payment terminals market was valued at approximately $19.74 billion, with a compound annual growth rate (CAGR) of 21.4% from 2021. North America held a significant market share, accounting for over 30% during this period. This dominance is attributed to early adoption and substantial investments in advanced contactless payment technologies such as Near Field Communication (NFC) and Radio Frequency Identification (RFID). Europe followed closely, with rapid growth driven by the increasing popularity of wearable payment devices and the seamless integration of contactless solutions into daily transactions. The Asia Pacific region emerged as the fastest growing market, fueled by the widespread adoption of mobile wallets and government initiatives promoting digital payments. The COVID 19 pandemic accelerated the shift towards contactless transactions globally, as consumers and businesses sought safer, more hygienic payment methods. This trend opened opportunities for market expansion, particularly in sectors like retail, transportation, and hospitality, where quick and secure payment solutions are paramount. Additionally, the integration of contactless payment systems in emerging economies presents significant growth potential, driven by increasing smartphone penetration and a rising preference for cashless transactions. citeturn0search9
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Wirecard AG
On Track Innovations Ltd
ShopKeep
Clover Network Inc Ingenico Group
Chip & PIN Solutions Ltd
Heartland Payment Systems Inc Castles Technology
PoyntCo
iZettle AB
internalDrive
Verifone
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Contactless Payment Terminals Market
NFC (Near Field Communication)
RFID (Radio-Frequency Identification)
Magnetic Stripe
QR Code Based Systems
Card Readers
Terminals
Accessories
Retail
Transportation
Hospitality
Healthcare
Education
Small and Medium Enterprises (SMEs)
Large Enterprises
Government
Non-profit Organizations
Mobile Payments
Smart Cards
Wearable Payments
Payment Apps
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Contactless Payment Terminals Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Contactless Payment Terminals Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Contactless Payment Terminals Market, By Type
6. Global Contactless Payment Terminals Market, By Application
7. Global Contactless Payment Terminals Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Contactless Payment Terminals Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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