Product Code: SR112025A18555
Japan contactless payment market size reached USD 8.1 Trillion in 2024. Looking forward, IMARC Group expects the market to reach USD 8.3 Trillion by 2033, exhibiting a growth rate (CAGR) of 14.60% during 2025-2033. The increasing usage of digital technologies for daily purposes, along with the inflating need for secure payment methods, is primarily driving the regional market.
Contactless payment is a secure and user-friendly payment method that allows customers to conduct transactions with ease by simply tapping or waving their contactless-enabled cards, smartphones, or wearable devices near a payment terminal. This technology employs advanced features to facilitate rapid and smooth transactions. Furthermore, it offers an elevated level of convenience, enabling customers to swiftly complete purchases, especially for low-value transactions. It can streamline operations, reduce expenses associated with handling cash, and provide valuable data insights for analyzing customer behavior and preferences. Its global adoption is on the rise due to the manifold advantages it presents to businesses, including improved transaction speed, enhanced customer satisfaction, and heightened operational efficiency.
Japan Contactless Payment Market Trends:
In the context of the Japan market, the main driving force behind the growth of contactless payments is the growing preference for convenience among consumers in Japan. This is coupled with an increasing demand for secure payment methods that safeguard customer data and reduce the risk of fraud, providing a significant boost to the market. Additionally, Japanese consumers are embracing digital and mobile technologies for various daily activities, including making payments. The widespread use of smartphones and wearable devices, driven by rapid digitization efforts, has created a favorable environment for contactless payment solutions, further fueling demand within the country. Furthermore, governmental and regulatory bodies in Japan are actively promoting the adoption of contactless payments as part of broader financial inclusion initiatives. These efforts aim to reduce cash usage, enhance transaction transparency, and establish the necessary infrastructure and regulatory frameworks to support the growth of contactless payment systems. Continuous technological advancements play a vital role in the expansion of the contactless payment market in Japan. The availability of NFC-enabled devices, improvements in payment terminal infrastructure, and the integration of contactless capabilities into various forms such as cards, smartphones, and wearables have made contactless payments more accessible and appealing to both businesses and consumers. In light of these factors, the contactless payment market is poised for significant growth in Japan in the coming years.
Japan Contactless Payment Market Segmentation:
Technology Insights:
- Near Field Communication (NFC)
- Radio Frequency Identification (RFID)
- Infrared (IR)
- Others
Device Insights:
- Smartphones and Wearables
- Point-of-Sale Terminals
- Smart Cards
Solution Insights:
- Payment Terminal Solution
- Transaction Management
- Security and Fraud Management
- Hosted Point-of-Sales
- Payment Analytics
Application Insights:
- BFSI
- Retail
- Transportation
- Healthcare
- Others
Competitive Landscape:
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Key Questions Answered in This Report:
- How has the Japan contactless payment market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Japan contactless payment market?
- What is the breakup of the Japan contactless payment market on the basis of technology?
- What is the breakup of the Japan contactless payment market on the basis of device?
- What is the breakup of the Japan contactless payment market on the basis of solution?
- What is the breakup of the Japan contactless payment market on the basis of application?
- What are the various stages in the value chain of the Japan contactless payment market?
- What are the key driving factors and challenges in the Japan contactless payment?
- What is the structure of the Japan contactless payment market and who are the key players?
- What is the degree of competition in the Japan contactless payment market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Japan Contactless Payment Market - Introduction
- 4.1 Overview
- 4.2 Market Dynamics
- 4.3 Industry Trends
- 4.4 Competitive Intelligence
5 Japan Contactless Payment Market Landscape
- 5.1 Historical and Current Market Trends (2019-2024)
- 5.2 Market Forecast (2025-2033)
6 Japan Contactless Payment Market - Breakup by Technology
- 6.1 Near Field Communication (NFC)
- 6.1.1 Overview
- 6.1.2 Historical and Current Market Trends (2019-2024)
- 6.1.3 Market Forecast (2025-2033)
- 6.2 Radio Frequency Identification (RFID)
- 6.2.1 Overview
- 6.2.2 Historical and Current Market Trends (2019-2024)
- 6.2.3 Market Forecast (2025-2033)
- 6.3 Infrared (IR)
- 6.3.1 Overview
- 6.3.2 Historical and Current Market Trends (2019-2024)
- 6.3.3 Market Forecast (2025-2033)
- 6.4 Others
- 6.4.1 Historical and Current Market Trends (2019-2024)
- 6.4.2 Market Forecast (2025-2033)
7 Japan Contactless Payment Market - Breakup by Device
- 7.1 Smartphones and Wearables
- 7.1.1 Overview
- 7.1.2 Historical and Current Market Trends (2019-2024)
- 7.1.3 Market Forecast (2025-2033)
- 7.2 Point-of-Sale Terminals
- 7.2.1 Overview
- 7.2.2 Historical and Current Market Trends (2019-2024)
- 7.2.3 Market Forecast (2025-2033)
- 7.3 Smart Cards
- 7.3.1 Overview
- 7.3.2 Historical and Current Market Trends (2019-2024)
- 7.3.3 Market Forecast (2025-2033)
8 Japan Contactless Payment Market - Breakup by Solution
- 8.1 Payment Terminal Solution
- 8.1.1 Overview
- 8.1.2 Historical and Current Market Trends (2019-2024)
- 8.1.3 Market Forecast (2025-2033)
- 8.2 Transaction Management
- 8.2.1 Overview
- 8.2.2 Historical and Current Market Trends (2019-2024)
- 8.2.3 Market Forecast (2025-2033)
- 8.3 Security and Fraud Management
- 8.3.1 Overview
- 8.3.2 Historical and Current Market Trends (2019-2024)
- 8.3.3 Market Forecast (2025-2033)
- 8.4 Hosted Point-of-Sales
- 8.4.1 Overview
- 8.4.2 Historical and Current Market Trends (2019-2024)
- 8.4.3 Market Forecast (2025-2033)
- 8.5 Payment Analytics
- 8.5.1 Overview
- 8.5.2 Historical and Current Market Trends (2019-2024)
- 8.5.3 Market Forecast (2025-2033)
9 Japan Contactless Payment Market - Breakup by Application
- 9.1 BFSI
- 9.1.1 Overview
- 9.1.2 Historical and Current Market Trends (2019-2024)
- 9.1.3 Market Forecast (2025-2033)
- 9.2 Retail
- 9.2.1 Overview
- 9.2.2 Historical and Current Market Trends (2019-2024)
- 9.2.3 Market Forecast (2025-2033)
- 9.3 Transportation
- 9.3.1 Overview
- 9.3.2 Historical and Current Market Trends (2019-2024)
- 9.3.3 Market Forecast (2025-2033)
- 9.4 Healthcare
- 9.4.1 Overview
- 9.4.2 Historical and Current Market Trends (2019-2024)
- 9.4.3 Market Forecast (2025-2033)
- 9.5 Others
- 9.5.1 Historical and Current Market Trends (2019-2024)
- 9.5.2 Market Forecast (2025-2033)
10 Japan Contactless Payment Market - Competitive Landscape
- 10.1 Overview
- 10.2 Market Structure
- 10.3 Market Player Positioning
- 10.4 Top Winning Strategies
- 10.5 Competitive Dashboard
- 10.6 Company Evaluation Quadrant
11 Profiles of Key Players
- 11.1 Company A
- 11.1.1 Business Overview
- 11.1.2 Service Offered
- 11.1.3 Business Strategies
- 11.1.4 SWOT Analysis
- 11.1.5 Major News and Events
- 11.2 Company B
- 11.2.1 Business Overview
- 11.2.2 Service Offered
- 11.2.3 Business Strategies
- 11.2.4 SWOT Analysis
- 11.2.5 Major News and Events
- 11.3 Company C
- 11.3.1 Business Overview
- 11.3.2 Service Offered
- 11.3.3 Business Strategies
- 11.3.4 SWOT Analysis
- 11.3.5 Major News and Events
- 11.4 Company D
- 11.4.1 Business Overview
- 11.4.2 Service Offered
- 11.4.3 Business Strategies
- 11.4.4 SWOT Analysis
- 11.4.5 Major News and Events
- 11.5 Company E
- 11.5.1 Business Overview
- 11.5.2 Service Offered
- 11.5.3 Business Strategies
- 11.5.4 SWOT Analysis
- 11.5.5 Major News and Events
12 Japan Contactless Payment Market - Industry Analysis
- 12.1 Drivers, Restraints and Opportunities
- 12.1.1 Overview
- 12.1.2 Drivers
- 12.1.3 Restraints
- 12.1.4 Opportunities
- 12.2 Porters Five Forces Analysis
- 12.2.1 Overview
- 12.2.2 Bargaining Power of Buyers
- 12.2.3 Bargaining Power of Suppliers
- 12.2.4 Degree of Competition
- 12.2.5 Threat of New Entrants
- 12.2.6 Threat of Substitutes
- 12.3 Value Chain Analysis
13 Appendix