Top 10 Telecom Technologies (MVAS, BYOD and Enterprise Mobility, Mobile Money, Mobile Learning, Contactless Payment, Indoor Location, Mass Notification System, M2M Satellite Communication, Mobile CDN and Mobile User Authentication) - Forecast to 2021
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“Reduction in queuing & transaction time and increased convenience in making low value payments are driving the contactless payment market”
The contactless payment market is estimated to grow from USD 6.70 billion in 2016 to USD 17.56 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 21.2% during the forecast period. Reduction in queuing & transaction time, increased convenience in making low value payments, ease of technology integration with existing cards, increased average transaction value, better customer insights, improved service delivery, and increased revenue opportunity are some of the driving factors of the contactless payment market.
High cost involved in deploying Embedded Parallel Operating System (EPOS) terminals and security issues related to the contactless technology act as major restraining factors for the growth of the contactless payment market.
The research report, titled Global Top 10 Telecom Technologies Market, is an analytical study of the Global Top 10 Telecom Technologies market, aided by an in-depth analysis of the performance of the market, both historically and in recent times using efficient analytical tools such as market feasibility and investment return to find out market attractiveness and to make future projections about this industry.
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It also presented the winning strategies of major market players and worthy plans that can be implemented for business expansion during the forecast period.
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The report evaluates the regional segmentation along with the competitive landscape in the Global Top 10 Telecom Technologies industry. Market segmentation based on various verticals has also been analyzed in this report to reach an accurate conclusion.
The report is categorized into several sections that deal with various aspects of the Global Top 10 Telecom Technologies market, such as the industry chain, regulations and policies encouraging the market to grow and various segments of the Global Top 10 Telecom Technologies market.
The analytical tools such as investment return and feasibility analyses have also been employed in this research to determine the market attractiveness. The report evaluates the products available in the market on the basis of the production volume, their pricing structure, and the revenue generated by them.
Production chain and the dynamics of demand and supply has also been assessed in this report. The research report also analyzes the market hierarchy carrying out a SWOT analysis of the key players operating on the Global Top 10 Telecom Technologies market in order to provide an overall picture of the competitive landscape in the industry and assist the participants to come up with market winning strategies to gain an edge over their peers.
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