The German contactless payment market is expected to grow at a CAGR of 15.4% over the forecast period.
Germany is one of the leading markets for the ICT (Information and Communication Technology) sector. The established ICT sector supports a number of opportunities for ICT market players to emerge in advanced technologies such as digital payment services. Major IT sector companies such as IBM, Google, Microsoft and SAP are the leading ICT market players in the country. Because of favorable government policies, Germany has a large capital investment in the ICT sector.
Economic and technical policies are focused on the digital economy, electronic infrastructure, digital public administration, and internet-oriented workplaces, internet service involvement in finance, education, science, and research. Security, protection, speed, and transparency through internet services add a large amount of government efforts in digitalization. Policies such as the GDPR (General Data Protection Regulations) and the EU Digital Single Market continue to increase demand for the ICT market. According to the US Department of Commerce, the German ICT market was valued at $ 211 million in 2017 with a 6% increase compared to 2016.
Therefore, with the advent of the digital economy in this country, the demand for safe and fast financial services is increasing. NFC-based payments are considered a reliable and safe method for financial transactions. However, with the digital economy, the number of cyber threats is expected to increase substantially. Therefore, the threat of cyberspace acts as a challenge in the application of digital payment methods. Despite the challenges, contactless payment requires smart gadgets such as smartphones, smart watches, smart cards, and so on, so payment sources are easily available in this country because the German population is very exposed to smart devices.
This report includes:
Comprehensive research methodology from the German Contactless Payment market.
Detailed and extensive market overview with insight from key analysts.
In-depth analysis of macro and micro factors that influence markets is guided by key recommendations.
Analysis of regional regulations and other government policies that have an impact on the German Contactless Payment market.
Insights into market determinants that stimulate the German Contactless Payment market.
Detailed and broad market segments with regional distribution of estimated revenue.
Extensive profiles and the latest developments of market players.
Main Topics Covered
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Details
1.2.1. According to Segments
2. Market Overview and Insights
2.1. Report Scope
2.2. Insight Analysts & Current Market Trends
2.2.1. Main Findings
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Competitive Stock Analysis
3.2. Main Strategy Analysis
3.3. Key Corporate Analysis
3.3.2. Financial analysis
3.3.3. SWOT analysis
3.3.4. Latest developments
4. Market Determinants
5. Market Segmentation
5.1. Germany’s Contactless Payment Market based on Devices
5.1.2. Smart card
5.1.3. Point of Sale Terminal
5.2. Germany Contactless Payment Market by End Users
6. Company Profile
6.1. Gemalto N.V.
6.2. Giesecke + Devrient GmbH
6.3. IBM Corp.
6.4. Infineon Technologies AG
6.5. Ingenico Group S.A.
6.6. Prepaid Solution
6.7. Thales Group
6.8. Verifone Systems, Inc.
6.9. VISA, Inc.
6.10. Wirecard AG
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