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Contactless Payment Market |COVID-19 Impact, Business Revenue, Future Scope, Market Trends, Key Players, and Forecast till 2025

Global Contactless Payment Market Research Report: By Technology (radio frequency identification, near field communication, host card emulation), Component [Hardware (Point of sale, Cards, Others), Solution and Service [Consulting, Integration and deployment, Support and maintenance)], Payment Mode (smartphones, smartcards, others), Vertical (BFSI, Hospitality & Travel, Media & Entertainment, Retail, Transportation & Logistics, Healthcare and others), Region (North America, Europe, Asia Pacific, Middle East & Africa and South America) - Forecast till 2025

Market Snapshot

According to MRFR, global Contactless Payment Market is expected to register a CAGR of 11.2% during the review period of 2019 to 2025.

Market Highlights

A variety of factors lead to the growth of contactless payment systems such as innovation of contactless payment technologies, increased recognition among buyers of plastic currency, increased purchasing frequency and the need for quick checkout time without the hassle of waiting in long queues. Contactless payment is growing further, making itself a convenient platform for consumers and merchants, advertisers and marketers alike. The need for faster and more efficient payment methods are key factors driving market growth. With the increasing integration of contactless payment technology into mobile handsets and smart phones, demand for contactless payment solutions has grown immensely across all countries. A big change is under way in the retail vertical. Retailers are modernizing their brick-and - mortar shops to offer quality customer support and opening up online outlets to raise sales. To improve their exposure and business reach, they are embracing disruptive innovations, such as cloud storage, big data analytics, physical shops and social networking. Retailers also take advantage of contactless payments, which have a shortened checkout period, increased revenue, improved operational efficiency, and diminished operating costs. Mobile payments at retail stores have helped accelerate the transaction process and decrease counter queues.

The lack of awareness of contactless payment offers, however, and the lack of adequate infrastructure are hampering market growth. The initial implementation cost, policy restriction on the number of contactless payment transactions per day and the amount cap that can be transacted per day are few contactless payment shortfalls that impede the growth of the contactless payment industry. The risk of spyware, malware, and virus attacks resulting from the use of numerous systems is limiting the global adoption of contactless payment.

Market Segmentation

The Global Contactless Payment Market has been segmented based on component, payment mode, technology, vertical, and region.

Based on Technology, the market has been segmented into near field communication, radio frequency identification, and host card emulation.

Based on the Component, the market has been segmented into solution, hardware, and service. The hardware segment has been segmented into point of cards, sale, and others. The services segment has been segmented into integration and deployment, consulting, and support and maintenance.

By Payment Mode, the market has been segmented into smartcards, smartphones, and others.

By Vertical, the market has been divided into hospitality & travel, BFSI, retail, transportation & logistics, healthcare, media & entertainment, and others.

Regional Appraisal

The regional Contactless Payment industry has been geographically classified as North America, Europe, Asia-Pacific, Middle East & Africa, and South America.

Due to the presence of key industry players, such as Wirecard, Ingenico and Valitor, Europe is projected to lead the market with the largest share in the forecast era. In terms of market share, the contactless payment industry in Europe is the largest and is strongly fragmented based on multi-currency and multi-language. The region includes a diverse range of countries, from economically and technologically advanced countries like the United Kingdom and Germany to heavily debt-ridden countries like Greece and Austria. The leading countries on the European market are UK, Poland, Spain and Germany. With the growing proliferation of contactless cards and terminals by card providers, such as Visa and Mastercard, overall contactless spending in these countries has risen.

Owing to the growing use of electronic payment technologies, the Asia-Pacific Region is expected to progress to the highest CAGR during the forecast period.

Key Players

The Global Contactless Payment Market is characterized by the presence of several regional and local providers. Some of the key players in the market are Infineon Technologies (Germany), Gemalto NV (Netherlands), Idemia (France), Verifone Holdings, Inc (US), CPI Card Group (US), On Track Innovations (Israel), Wirecard AG (Germany), Ingenico. (France), Giesecke+Devrient (India), Identiv (US), Valitor (Iceland), Mypinpad (London), Idemia (France), Paycore (Turkey), and Alcenio (France).

Get Full Report @ https://www.marketresearchfuture.com/reports/contactless-payment-market-9558

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Application Server Market |COVID-19 Impact, Outlook and Future Scope Analysis Forecast till 2025

Global Application Server Market Research Report: by Application Type (Web Application and Mobile Application), By Deployment (On-Cloud and On-Premise), By Vertical (BFSI, Government, Healthcare, Education, Healthcare, IT and Telecommunication, Manufacturing, Retail, Others) - Forecast till 2025

Market Overview

The Global Application Server Market was valued at USD 12.95 Billion in 2018; it is estimated to reach USD 28.11 Billion by 2025 growing at a CAGR of 12.06% during the forecast period 2019–2025. Market Research Future (MRFR) has segmented the application server market on the basis of application type, deployment, vertical, and region.

By application type, the application server market has been segmented into web applications and mobile applications. Among these, the mobile application segment is expected to grow with the fastest CAGR during the forecast period. This is due to the increasing ownership of mobile phones and the growing demand for smartphone-based Internet applications to offer enhanced security, data redundancy, and high availability of applications.

By deployment, the market has been segmented into on-cloud and on-premise segments. Among these, the on-cloud segment is projected to grow with the fastest CAGR owing to integration and scalability, flexibility, mobility, and cost-effective features offered by the cloud platform, which increases the demand for cloud-based application server solutions. Also, advancements in information sharing technologies and growing use of smartphones and other smart devices are expected to drive the development of applications which help in effective data management and service delivery.

By vertical, the market has been categorized into BFSI, transportation and logistics, consumer goods and retail, education, healthcare, manufacturing, media and entertainment, IT and telecommunications, travel and hospitality, and others. Among these, the manufacturing segment is expected to grow with the fastest CAGR owing to the increasing adoption of advanced technologies such as IoT and cloud which increases the demand for application servers.

By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. North America has been further segmented into the US, Canada, and Mexico. Europe has been further segmented into Germany, the UK, France, Spain, and Italy. Asia-Pacific has been sub-segmented into China, Japan, India, South Korea, and Australia. The rest of the world has been further classified into the Middle East and Africa and South America.

Key Players

The Global Application Server Market is expected to be a growing market in the coming years owing to the presence of numerous large players active in the regional market Microsoft Corporation (US), IBM Corporation (US), Oracle Corporation (US), TIBCO Software Inc. (US), The Apache Software Foundation (US), Fujitsu Group (Japan), VMware, Inc. (US), NEC Corporation (Japan), SAP SE (Germany), Wipro (India), Adobe Systems Inc. (US), iWay Software (US), Pega Systems (US) CA Technologies (US), and Nastel Technologies (US) are the companies leading the application server market globally.

Lexmark (US), F5 Networks, Inc. (US), Dell Technologies, Inc. (US), and HostBridge (US), are some other players operating in the global application server market.

Access Report Details @ https://www.marketresearchfuture.com/reports/application-server-market-8634

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact

Market Research Future

Phone: +1646 845 9312

Email: [email protected]

Be passionate, but not violent - First Lady Melania Trump bids farewell - News24

First Lady Melania Trump released a farewell message on Monday as she prepares to leave the White House, saying that "violence is never the answer," weeks after the president's supporters stormed the US Capitol.

• First Lady Melania Trump released a farewell message on Monday.
• "The past four years have been unforgettable," she said in a six-minute speech.
• The Trumps' departure from the White House has been very dramatic, with various established inauguration traditions abrogated.