Europe Contactless Payment Market is expected to grow at a CAGR of 15.2% during the forecast period (2016 - 2022)

23-12-2016 | Report Format: Electronic (PDF)

Growth, Trends and Report Highlights

According to a new report Europe Contactless Payment Market, published by KBV Research, the Europe Contactless Payment Market is expected to grow at a CAGR of 15.2% during the forecast period.

E-commerce as an industry has significantly influenced different verticals and directly influenced and augmented the demand for contactless payment. Another contributing factor that has led to the widespread adoption of contactless payment is the need for expedient payment mechanism with an aim of providing better customer services.

In 2015, Germany dominated the Europe Contactless Payment Solution Market. The Country is expected to reach USD 1,601.6 million by 2022. However, Spain is expected to witness highest CAGR of 16.4% during the forecast period (2016-2022).

In 2015, BFSI segment dominated the Europe Contactless Payment market by Vertical. The segment has generated revenue of USD 493.8 million in 2015. However, Healthcare would witness highest CAGR of 17.7% during the forecast period.

The report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the countries in the region. The key influencing factors of the Europe Contactless Payment Market have been discussed in the report along with the elaborated company profiles of Microsoft Corporation, Wirecard AG (until April 6, 2005: InfoGenie AG), Giesecke & Devrient GmbH, Ingenico Group S.A, Gemalto NV, Renesas Electronics Corporation, INSIDE Secure, Verifone Systems, Inc.

Full report: https://www.kbvresearch.com/europe-contactless-payment-market/

Segmentation

Europe Contactless Payment Market By Device Type

Mobile Handsets
Point of Sale Terminals
NFC Chips
Smart Cards
Others

Europe Contactless Payment Market By Solution Type

Payment Terminal Solution
Contactless Mobile Payment Solution
Device Management Solution
Transaction Management Solution
Data Management Solution
Security and Fraud Management Solution
Hosted Point of Sale Solution
Analytics Solution

Europe Contactless Payment Market By Service Type

Professional Services
- Consulting Services
- Integration and Deployment Services
- Support and Maintenance Services
Managed Services
Multi-Channel Payment and Value-Added Services