DUBLIN, Feb 2, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Contactless Payment Market-Forecast (2016-2021)" report to their offering.

Contactless payment can be defined as a secure method for consumers/buyers to purchase goods/products or services via debit, credit or smart-cards (also known as chip cards), by using radio frequency identification (RFID) technology. A person simply needs to tap their card near a point-of-sale terminal - leading to the nickname tap-and-go to make a contactless payment. Globally rapidly changing technology and even faster adoption of such new technologies is expected to be the key growth driver for the contactless payment market during the period of study.

Geographically Europe is expected to account for the largest share of the overall market in 2016 due to technological advancement and increasing contactless smart card roll-outs in the region. Europe was followed by North America and Asia-Pacific as second and third largest market for contactless payment. However with growing technology user base, rapidly developing infrastructure, increasing technology penetration amongst most parts of region are some of the major factors which are expected to make Asia-Pacific one of the fastest growing region in the world which is also expected to overtake Europe and North America as the largest revenue contributor by 2021.

This report identifies the global contactless payment market size in for the year 2014-2016, and forecast of the same for year 2021. It also highlights the market drivers, restraints, growth indicators, challenges, and other key aspects with respect to global contactless payment market.

Companies Mentioned

• Gemalto N.V.
• Giesecke & Devrient GmbH
• Ingenico Group
• Verifone Systems, Inc.
• Wirecard AG
• Heartland Payment Systems, Inc.
• Inside Secure
• Oberthur Technologies Sa
• on Track Innovations
• Proxama, PLC

Key Topics Covered:

1. Market Overview

2. Executive Summary

3. Market Landscape

4. Market Forces

5. Strategic Analysis

6. Contactless Payment Market, By Solution

7. Contactless Payment Market, By Payment Mode

8. Contactless Payment Market, By Application

9. Contactless Payment Market, By Geography

10. Contactless Payment - Market Entropy

11. Company Profiles

12. Appendix

For more information about this report visit http://www.researchandmarkets.com/research/l4mvj3/contactless

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SOURCE Research and Markets