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(Hosting-NewsWire.com, November 18, 2017 ) Market Highlights:
Stiff competition prevails in the Global Contactless Payment System Market. This is because there are a sizeable number of small and large service providers and entry into the market is quite easy. Of late, the entry of banks, card companies, telecom companies, and payment companies that are foraying into Contactless Payment System has further intensified competition in the market.
In order to ensure sustainable returns, service providers are focused on crafting innovative marketing strategies for a higher rate of conversion. For example, Samsung developed magnetic secure transmission, which releases a magnetic signal that imitates the magnetic strip on traditional payment cards.
The key factor driving the contactless payment transaction market is the increasing demand for speedy transactions, especially in the retail and transport sectors underpinned by the rising use of smartphones. Proving to be a hindrance, on the flip side, is the high installation cost of point-of-sale (PoS) machines for contactless payment as compared to normal PoS machines.
Market Segments:
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
Contactless Card (NFC/RFID)
Wearable Devices
Contactless Mobile Payment
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate for each application, including
Transport
Media & Entertainment
Retail
Healthcare
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Key Players:
Global Contactless Payment System market competition by top manufacturers/players, with Contactless Payment System sales volume, Price (USD/Unit), revenue (Million USD) and market share for each manufacturer/player; the top players including
STMicroelectronics
INSIDE Secure
Giesecke & Devrient GmbH
Oberthur Technologies
Diebold Inc
HID Global
MCR Systems Inc
Barclays
Heartland Payment Systems, Inc
Ingenico Group
Apple
Key Facts Of the Contactless Payment System Market:
The fundamental details associated with Contactless Payment System trade just like the product definition, cost, variety of applications, demand and supply statistics are lined up in this report.
Competitive study of the most important Contactless Payment System players can facilitate all the market players in analyzing the newest trends and business methods.
The deep analysis study of Contactless Payment System market supported development opportunities, growth limiting factors and practicability of investment can forecast the market growth.
The study of rising Contactless Payment System market segments and also the existing market segments can facilitate the readers in coming up with the business methods.
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Regional Analysis:
Geographically, this report split global into several key Regions, with sales (K Units), revenue (Million USD), market share and growth rate of Contactless Payment System for these regions, from 2012 to 2022 (forecast), covering
United States
China
Europe
Japan
Korea
Taiwan
The report also implements primary and secondary research techniques for gathering the most crucial pieces of professional information, and applies a number of industry-best techniques upon the data for projecting the future state of the global Contactless Payment System market. Based on current market development, the report includes an analysis of how activities such as mergers and shapes the markets future.
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Source: EmailWire.Com 
Source: EmailWire.com
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