Europe Contactless Payment Terminals Market was valued at USD 6.7 Billion in 2022 and is projected to reach USD 20.2 Billion by 2030, growing at a CAGR of 15.2% from 2024 to 2030.
The Europe contactless payment terminals market has been growing rapidly as the demand for fast and secure payment options increases across various industries. With the widespread adoption of mobile wallets, wearable payment devices, and smart cards, businesses are increasingly integrating contactless payment terminals to streamline the transaction process. The convenience offered by contactless payments has significantly changed consumer behavior, and this trend shows no signs of slowing down. In fact, industry forecasts predict a substantial increase in the deployment of these terminals across Europe in the coming years.
Industries such as retail, hospitality, transportation, and healthcare are increasingly relying on contactless payment terminals to cater to a tech-savvy customer base. In retail, for example, contactless payments help to reduce transaction times, improve customer satisfaction, and optimize operational efficiency. These terminals are also seen as a critical enabler of innovation, as they allow businesses to stay competitive by adopting new payment technologies that meet consumer expectations for speed and security. According to some market experts, the adoption of 100 Gigabit Fiber Optic Transceiver Market Type and requirement from industries will play a crucial role in supporting the growth of contactless payment terminals by ensuring reliable and high-speed data transfer.
In the transportation sector, particularly with public transportation systems, the integration of contactless payment terminals has become essential for smooth fare collection and enhanced convenience. Whether it’s tapping a card or using a mobile phone, commuters appreciate the quick and secure nature of these payments. Furthermore, the healthcare industry has also started leveraging contactless payments to ensure a seamless patient experience, whether at check-in, for prescription payments, or during consultations.
As industries across Europe continue to embrace the contactless payment revolution, the demand for these terminals is expected to grow significantly. Companies will need to ensure that their terminals are equipped with the latest security features, comply with evolving regulations, and offer flexibility to accommodate various payment methods. The transition to contactless payments is not just a trend, but a critical shift towards improving customer experiences and operational efficiencies in multiple sectors.
Get an In-Depth Research Analysis of the Europe Contactless Payment Terminals Market Size And Forecast [2025-2032]
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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
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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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 Europe 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 Europe 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. Europe Contactless Payment Terminals Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Contactless Payment Terminals Market, By Type
6. Europe Contactless Payment Terminals Market, By Application
7. Europe Contactless Payment Terminals Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Contactless Payment Terminals Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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