Asia-Pacific Contactless Payment Market Analysis, 2021 research report depicts a deep dive market analysis of statistics of Asia-Pacific Contactless Payment market which consists of regional and country-wise market size, forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.

Market Opportunities

According to MarkNtel Advisors’ research report “Asia-Pacific Contactless Payment Market Analysis, 2021”, the Asia-Pacific Contactless Payment market is anticipated to grow at a CAGR of around 16% during 2021-26F. The rapid digital transformation in the counties has propelled the growth of contactless payment. The major factor for the growth of the market is the rollout of near-field communication (NFC)-based contactless payment by market players, the introduction of mobile payment platform by smartphone manufacturer, along with a boost in government initiatives to escalate the adoption of contactless payment and rising investment on infrastructure for contactless card Payment.

Market Segmentation
Smartphone Acquired Majority Market Share
Based on Devices, Smartphone acquired the majority market share in the Asia-Pacific Contactless Payment market in 2020. The significant growth in the number of mobile payment transaction due to the escalating use of smartphones and propelling the use of digital wallet among customer has upsurged the third-party mobile payment industry. In China, over 85% of purchases were on mobile payment platforms in 2019 are expected to propel the growth of Asia-Pacific Contactless Payment market in the coming years as revealed by the MarkNtel Advisors’ research report “Asia-Pacific Contactless Payment Market Analysis, 2021”.

Impact of COVID-19
In the wake of COVID-19, the contactless payment witnessed an optimistic impact on market growth. This is due to a paradigm shift in the consumer behaviour toward the digital purchase, surging adoption of digital payment service among end-user and subsequent rise in the number of transactions for online spending on account of lockdown imposition. The paradigm shift digital commerce during the COVID-19 phase is expected to propel the growth of contactless payment in the near future.

Competitive Landscape
According to MarkNtel Advisors’, the key players with a considerable market share in the Asia-Pacific Contactless Payment market include Alipay, Grabpay, Renesas Electronics Corporation, Paytm, Verifone Systems, Inc., Rakuten Pay, INSIDE Secure, Ingenico Group S.A., Gemalto NV, Heartland Payment Systems, IBM Corp., Infineon Technologies AG, Valitor HF, Wirecard AG, Visa Inc. etc.

Key Questions Answered in the Market Research Report:
1. What are the key overall market statistics or market estimates (Market Overview, Market Size- by Value, Forecast Numbers, Market Segmentation, and Market Shares) of Asia-Pacific Contactless Payment Market?
2. What is the country-wise industry size, growth drivers and challenges key market trends?
3. What are the key innovations, technology upgrades, opportunities, regulations in the Asia-Pacific Contactless Payment Market?
4. Who are the key competitors or market players and how they perform in Asia-Pacific Contactless Payment Market based on the competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the course of the Asia-Pacific Contactless Payment Market study?

Market Outlook, Segmentation and Statistics:
1) Impact of COVID-19 on Asia Pacific Contactless Payment Market
2) Expert Verbatim-Interview Excerpts of industry experts
3) Market Size & Analysis
a) By Revenues (USD Million)
4) Market Share & Analysis
a) By Devices
i) Smartphones
ii) Smart Cards
iii) Point of Sale Terminals
iv) Other
b) By Technology
i) NFC
ii) RFID
iii) IR
c) By End User
i) Retail
ii) BFSI
iii) Healthcare
iv) Telecom & IT
v) Entertainment & Media
vi) Hospitality & Restaurant
vii) Transportation
viii) Others
d) By Country
i) India Contactless Payment Market Outlook, 2016-2026F (USD million)
ii) China Contactless Payment Market Outlook, 2016-2026F (USD million)
iii) Japan Contactless Payment Market Outlook, 2016-2026F (USD million)
iv) Australia Contactless Payment Market Outlook, 2016-2026F (USD million)
v) South Korea Contactless Payment Market Outlook, 2016-2026F (USD million)
vi) South East Asia Contactless Payment Market Outlook, 2016-2026F (USD million)
vii) Singapore Contactless Payment Market Outlook, 2016-2026F (USD million)
viii) Malaysia Contactless Payment Market Outlook, 2016-2026F (USD million)
e) By Company
i) Revenue Shares
ii) Strategic Factorial Indexing
iii) Competitor Placement in Markntel Quadrant
5) Asia-Pacific Contactless Payment Manufacturing Market- Supply Chain Analysis
6) Asia-Pacific Contactless Payment Market Policies, Regulations, Product Standard
7) Asia-Pacific Contactless Payment Market Hotspots & Opportunities
8) Competition Outlook
a) Competitor Wise Growth Strategies
b) Company Profiles

Frequently Asked Questions:
Q. What is the historical year, base year and forecast year considered in the research report on Asia-Pacific Contactless Payment Market?
A. The historical data has been provided since 2016, while the base year is 2020 and the data is forecast up-to 2026.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of Asia-Pacific Contactless Payment Market during 2021-26?
A. The growth rate of Asia-Pacific Contactless Payment Market during 2021-26 is forecast to grow at considerable CAGR.
Q. Who are the key competitors or players operating in Asia-Pacific Contactless Payment Market?
A. Alipay, Grabpay, Renesas Electronics Corporation, Paytm, Verifone Systems, Inc., Rakuten Pay, INSIDE Secure, Ingenico Group S.A., Gemalto NV, Heartland Payment Systems, IBM Corp., Infineon Technologies AG, Valitor HF, Wirecard AG, Visa Inc. etc., are few of the leading players in the Asia-Pacific Contactless Payment Market.
Q. Which end-user would emerge as an opportunity area for players in Asia-Pacific Contactless Payment Market?
A. BFSI segment is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which country would emerge as an opportunity area for players in Asia-Pacific Contactless Payment Market?
A. China grabbed a significant market share continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of Asia-Pacific Contactless Payment Market.