Latvia Contactless Payment Terminals Market (2025-2031) | Forecast, Trends, Share, Value, Size & Revenue, Industry, Competitive Landscape, Companies, Growth, Analysis, Segmentation, Outlook
Market Forecast By Technology (Bluetooth, Infrared, Carrier-based, Wi-Fi), By Payment Method (Account-based, Credit/Debit Card, Stored Value, Smart Card), By Device (Integrated POS, mPOS, PDA, Unattended Terminal, Contactless Reader), By End-user Industry (Retail, Transportation, Banking, Government, Healthcare) And Competitive Landscape
| Product Code: ETC7908440 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia Contactless Payment Terminals Market Top 5 Importing Countries and Market Competition (HHI) Analysis
The import shipments of contactless payment terminals to Latvia in 2024 saw a diverse range of suppliers, with Lithuania, China, Netherlands, Poland, and Germany emerging as the top exporting countries. Despite a slight decline in growth rate from 2023 to 2024, the industry maintained a moderate level of concentration, as indicated by the Herfindahl-Hirschman Index (HHI). With a steady compound annual growth rate (CAGR) of 4.83% from 2020 to 2024, Latvia`s market for contactless payment terminals continues to show resilience and potential for further development.
Key Highlights of the Report:
- Latvia Contactless Payment Terminals Market Outlook
- Market Size of Latvia Contactless Payment Terminals Market, 2024
- Forecast of Latvia Contactless Payment Terminals Market, 2031
- Historical Data and Forecast of Latvia Contactless Payment Terminals Revenues & Volume for the Period 2021- 2031
- Latvia Contactless Payment Terminals Market Trend Evolution
- Latvia Contactless Payment Terminals Market Drivers and Challenges
- Latvia Contactless Payment Terminals Price Trends
- Latvia Contactless Payment Terminals Porter's Five Forces
- Latvia Contactless Payment Terminals Industry Life Cycle
- Historical Data and Forecast of Latvia Contactless Payment Terminals Market Revenues & Volume By Technology for the Period 2021- 2031
- Historical Data and Forecast of Latvia Contactless Payment Terminals Market Revenues & Volume By Bluetooth for the Period 2021- 2031
- Historical Data and Forecast of Latvia Contactless Payment Terminals Market Revenues & Volume By Infrared for the Period 2021- 2031
- Historical Data and Forecast of Latvia Contactless Payment Terminals Market Revenues & Volume By Carrier-based for the Period 2021- 2031
- Historical Data and Forecast of Latvia Contactless Payment Terminals Market Revenues & Volume By Wi-Fi for the Period 2021- 2031
- Historical Data and Forecast of Latvia Contactless Payment Terminals Market Revenues & Volume By Payment Method for the Period 2021- 2031
- Historical Data and Forecast of Latvia Contactless Payment Terminals Market Revenues & Volume By Account-based for the Period 2021- 2031
- Historical Data and Forecast of Latvia Contactless Payment Terminals Market Revenues & Volume By Credit/Debit Card for the Period 2021- 2031
- Historical Data and Forecast of Latvia Contactless Payment Terminals Market Revenues & Volume By Stored Value for the Period 2021- 2031
- Historical Data and Forecast of Latvia Contactless Payment Terminals Market Revenues & Volume By Smart Card for the Period 2021- 2031
- Historical Data and Forecast of Latvia Contactless Payment Terminals Market Revenues & Volume By Device for the Period 2021- 2031
- Historical Data and Forecast of Latvia Contactless Payment Terminals Market Revenues & Volume By Integrated POS for the Period 2021- 2031
- Historical Data and Forecast of Latvia Contactless Payment Terminals Market Revenues & Volume By mPOS for the Period 2021- 2031
- Historical Data and Forecast of Latvia Contactless Payment Terminals Market Revenues & Volume By PDA for the Period 2021- 2031
- Historical Data and Forecast of Latvia Contactless Payment Terminals Market Revenues & Volume By Unattended Terminal for the Period 2021- 2031
- Historical Data and Forecast of Latvia Contactless Payment Terminals Market Revenues & Volume By Contactless Reader for the Period 2021- 2031
- Historical Data and Forecast of Latvia Contactless Payment Terminals Market Revenues & Volume By End-user Industry for the Period 2021- 2031
- Historical Data and Forecast of Latvia Contactless Payment Terminals Market Revenues & Volume By Retail for the Period 2021- 2031
- Historical Data and Forecast of Latvia Contactless Payment Terminals Market Revenues & Volume By Transportation for the Period 2021- 2031
- Historical Data and Forecast of Latvia Contactless Payment Terminals Market Revenues & Volume By Banking for the Period 2021- 2031
- Historical Data and Forecast of Latvia Contactless Payment Terminals Market Revenues & Volume By Government for the Period 2021- 2031
- Historical Data and Forecast of Latvia Contactless Payment Terminals Market Revenues & Volume By Healthcare for the Period 2021- 2031
- Latvia Contactless Payment Terminals Import Export Trade Statistics
- Market Opportunity Assessment By Technology
- Market Opportunity Assessment By Payment Method
- Market Opportunity Assessment By Device
- Market Opportunity Assessment By End-user Industry
- Latvia Contactless Payment Terminals Top Companies Market Share
- Latvia Contactless Payment Terminals Competitive Benchmarking By Technical and Operational Parameters
- Latvia Contactless Payment Terminals Company Profiles
- Latvia Contactless Payment Terminals Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Latvia Contactless Payment Terminals Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Latvia Contactless Payment Terminals Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Latvia Contactless Payment Terminals Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Contactless Payment Terminals Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Contactless Payment Terminals Market - Industry Life Cycle |
3.4 Latvia Contactless Payment Terminals Market - Porter's Five Forces |
3.5 Latvia Contactless Payment Terminals Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Latvia Contactless Payment Terminals Market Revenues & Volume Share, By Payment Method, 2021 & 2031F |
3.7 Latvia Contactless Payment Terminals Market Revenues & Volume Share, By Device, 2021 & 2031F |
3.8 Latvia Contactless Payment Terminals Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 Latvia Contactless Payment Terminals Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of contactless payment methods by consumers for convenience and speed of transactions. |
4.2.2 Government initiatives promoting cashless transactions to reduce the reliance on cash. |
4.2.3 Growing awareness among businesses about the benefits of contactless payment terminals in enhancing customer experience and operational efficiency. |
4.3 Market Restraints |
4.3.1 Concerns over data security and privacy issues related to contactless payments. |
4.3.2 Resistance from some businesses to upgrade their existing payment infrastructure to support contactless payments. |
4.3.3 Limited acceptance of contactless payments in certain sectors or regions within Latvia. |
5 Latvia Contactless Payment Terminals Market Trends |
6 Latvia Contactless Payment Terminals Market, By Types |
6.1 Latvia Contactless Payment Terminals Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Latvia Contactless Payment Terminals Market Revenues & Volume, By Technology, 2021- 2031F |
6.1.3 Latvia Contactless Payment Terminals Market Revenues & Volume, By Bluetooth, 2021- 2031F |
6.1.4 Latvia Contactless Payment Terminals Market Revenues & Volume, By Infrared, 2021- 2031F |
6.1.5 Latvia Contactless Payment Terminals Market Revenues & Volume, By Carrier-based, 2021- 2031F |
6.1.6 Latvia Contactless Payment Terminals Market Revenues & Volume, By Wi-Fi, 2021- 2031F |
6.2 Latvia Contactless Payment Terminals Market, By Payment Method |
6.2.1 Overview and Analysis |
6.2.2 Latvia Contactless Payment Terminals Market Revenues & Volume, By Account-based, 2021- 2031F |
6.2.3 Latvia Contactless Payment Terminals Market Revenues & Volume, By Credit/Debit Card, 2021- 2031F |
6.2.4 Latvia Contactless Payment Terminals Market Revenues & Volume, By Stored Value, 2021- 2031F |
6.2.5 Latvia Contactless Payment Terminals Market Revenues & Volume, By Smart Card, 2021- 2031F |
6.3 Latvia Contactless Payment Terminals Market, By Device |
6.3.1 Overview and Analysis |
6.3.2 Latvia Contactless Payment Terminals Market Revenues & Volume, By Integrated POS, 2021- 2031F |
6.3.3 Latvia Contactless Payment Terminals Market Revenues & Volume, By mPOS, 2021- 2031F |
6.3.4 Latvia Contactless Payment Terminals Market Revenues & Volume, By PDA, 2021- 2031F |
6.3.5 Latvia Contactless Payment Terminals Market Revenues & Volume, By Unattended Terminal, 2021- 2031F |
6.3.6 Latvia Contactless Payment Terminals Market Revenues & Volume, By Contactless Reader, 2021- 2031F |
6.4 Latvia Contactless Payment Terminals Market, By End-user Industry |
6.4.1 Overview and Analysis |
6.4.2 Latvia Contactless Payment Terminals Market Revenues & Volume, By Retail, 2021- 2031F |
6.4.3 Latvia Contactless Payment Terminals Market Revenues & Volume, By Transportation, 2021- 2031F |
6.4.4 Latvia Contactless Payment Terminals Market Revenues & Volume, By Banking, 2021- 2031F |
6.4.5 Latvia Contactless Payment Terminals Market Revenues & Volume, By Government, 2021- 2031F |
6.4.6 Latvia Contactless Payment Terminals Market Revenues & Volume, By Healthcare, 2021- 2031F |
7 Latvia Contactless Payment Terminals Market Import-Export Trade Statistics |
7.1 Latvia Contactless Payment Terminals Market Export to Major Countries |
7.2 Latvia Contactless Payment Terminals Market Imports from Major Countries |
8 Latvia Contactless Payment Terminals Market Key Performance Indicators |
8.1 Average transaction value through contactless payments. |
8.2 Growth in the number of contactless payment terminals deployed across Latvia. |
8.3 Percentage increase in the usage of contactless payments compared to traditional payment methods. |
8.4 Rate of contactless payment adoption among different merchant categories. |
9 Latvia Contactless Payment Terminals Market - Opportunity Assessment |
9.1 Latvia Contactless Payment Terminals Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Latvia Contactless Payment Terminals Market Opportunity Assessment, By Payment Method, 2021 & 2031F |
9.3 Latvia Contactless Payment Terminals Market Opportunity Assessment, By Device, 2021 & 2031F |
9.4 Latvia Contactless Payment Terminals Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
10 Latvia Contactless Payment Terminals Market - Competitive Landscape |
10.1 Latvia Contactless Payment Terminals Market Revenue Share, By Companies, 2024 |
10.2 Latvia Contactless Payment Terminals Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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