Learn about the global contactless payment terminals market through The Business Research Company, which provides information on contactless payment terminals market size, contactless payment terminals market drivers and restraints, contactless payment terminals market players, the COVID-19 impact on the contactless payment terminals market, and more.

The global contactless payment terminals market size is expected to grow from $16.25 billion in 2021 to $19.74 billion in 2022 at a compound annual growth rate (CAGR) of 21.4%. The contactless payment terminal market size is expected to grow to $43.42 billion in 2026 at a CAGR of 21.8%.

The increasing popularity of contactless payments has been a major driving factor for the contactless payment terminals market.

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The contactless payment terminals market consists of the sales of contactless payment products and services by entities (organizations, partnerships, and sole proprietors) that facilitates a secure payment method utilizing a debit or credit card, smartcard, or another payment machine by using RFID technology and near-field communication. Contactless payment terminals are devices that facilitate electronic fund transfer in a contactless manner. To use the system, a customer taps his or her payment card near a terminal that is equipped with the technology.

Global Contactless Payment Terminals Market Segments Include:
By Device Type: Smartphones and Wearables, Smart Cards, Point-of-Sale (POS) Terminals

By Solution Outlook: Payment Terminal Solution, Transaction Management, Security and Fraud Management, Hosted Point-of-Sales, Analytics

By Payment Mode: Account-Based, Credit/Debit Card, Stored Value, Smart Card, Others

By Application: Food and Groceries, Pharmacy and Drug Stores, Restaurants and Bars, Consumer Electronics, Media and Entertainment, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe was the largest region in the contactless payment terminals market in 2021.

Technological advancements are shaping the contactless payment terminals market. Companies in the market are focusing on developing payment platforms that are better, efficient and also increase penetration and reach of contactless payments.

TBRC’s contactless payment terminals market report covers:

Major Market Players: MasterCard Inc., Visa Inc., Giesecke And Devrient GmbH, Google Inc., Apple Inc., Samsung Electronics Co. Ltd., PayPal Holdings Inc., Amazon Inc., Heartland Payment Systems, Verifone Systems Inc., Ingenico Group SA, Oberthur Technologies Morpho, Thales Group, Wirecard AG and OTI Global

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Contactless Payment Terminals Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides contactless payment terminals market overviews, analyzes and forecasts market size, share, contactless payment terminals market players, contactless payment terminals market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s contactless payment terminals market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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