Sample_U.S. Contactless Payment Market

U.S. Contactless Payment Market: 

Industry, Size, Share, Growth, Trends and 

Forecast, 2019–2029 

July 2020 

Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved

Report Snippet 

Chapter 1 : Table of Contents 

Chapter 2: Market Purview 

Chapter 3: Market Dynamics 

Chapter 4: U.S. Contactless Payment Market, By 

Device Outlook 


Solution Outlook 


Application Outlook 

Chapter 7: Competitive Analysis 

Chapter 8: Company Profiles 

Investment Outlook 

Future of the Market 

Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved 2

Table of Contents 


Table of Content 

Sr. No. 

Content 

1.0 Chapter 1 

Research Methodology 

Research Objective and Assumption 

Research Process 

Scope & Coverage 

Currency Conversion Rate 

2.0 Chapter 2 

2.1 Market Purview 

2.2 Executive Summary 

Market Snippet, By Device Outlook 

Market Snippet, By Solution Outlook 

Market Snippet, By Application Outlook 

Opportunity Map Analysis 

Market at Glance 

3.0 Chapter 3 

Drivers 



Sr. No. 

Content 

Restrains 

Opportunities 

Trends 

DR Impact Analysis 

PEST Analysis 

Porter’s Five Forces Analysis 

Industry Value Chain Analysis 

Key Highlights 

4.0 Chapter 4 

4.0.1 U.S. Contactless Payment Market Value (US$ Mn), By Device Outlook 

Segment Overview 

Market Value and Forecast (US$ Mn), and Share (%) Analysis, 2018 – 2029 

Y-o-Y Growth (%) Analysis, 2019 – 2029 

4.1 Smartphones and Wearables 

Overview 

Market Value and Forecast (US$ Mn), and Y-o-Y Growth (%) Analysis, 2018 – 2029 



Sr. No. 

Content 

4.2 Point-of-Sales Terminals 

Overview 


4.3 Smart Cards 

Overview 


5.0 Chapter 5 

5.0.1 U.S. Contactless Payment Market Value (US$ Mn), By Solution Outlook 




5.1 Payment Terminal Solution 

Overview 


5.2 Transaction Management 

Overview 



Sr. No. 

Content 


5.3 Security and Fraud Management 

Overview 


5.4 Hosted Point-of-Sales 

Overview 


5.5 Analytics 

Overview 


6.0 Chapter 6 

6.0.1 U.S. Contactless Payment Market Value (US$ Mn), By Application Outlook 




6.1 Retail 



Sr. No. 

Content 

Overview 


6.2 Transportation 

Overview 


6.3 Healthcare 

Overview 


6.4 Hospitality 

Overview 


6.5 Government 

Overview 


7.0 Chapter 7 

Competitive Analysis 



Sr. No. 

Content 

Heat Map Analysis 

Market Presence and Specificity Analysis 

8.0 Chapter 8 

8.0.1 Company Profiles 

8.1 Bank of America Corporation 

Company Overview 

Product Portfolio 


Financial Overview 

Business Strategies 

8.2 Garmin Ltd. 








Sr. No. 

Content 

8.3 Glance Technologies Inc. 






8.4 Heartland Payment Systems 






8.5 IBM Corporation 






Sr. No. 

Content 



8.6 PayPal, Inc. 






8.7 Setomatic Systems Inc. 






8.8 Square Capital LLC 




Sr. No. 

Content 





8.9 Thales Group 






8.10 Visa Inc. 








Sr. No. 

Content 

9.0 Chapter 9 


Future of Market 

10.0 Chapter 10 

Appendix 

Abbreviation 

*The content/data is provided for illustration purpose only and is subject to change in the final version of the report 


Notes 

Points to Remember 

The segmentation provided on the segmentation page is the actual/proposed segmentation for the target market 

Content and statistical data /values offered in the sample is primarily to provide an understanding of what we 

offer in terms of style, content, and structure and may not necessarily to be related to actual for the requested 

market 

Market value/revenue for the target market will be provided in the final version of the report 

The company names mentioned are those that are to be actually profiled in the final report 

The trailing slides that contain dummy data/hidden content for the target market is provided to gain a better 

understanding of our competence, as well as a clearer view of how and what we offer in our report. 

The number of slides/pages provided for segment and region will be followed in a similar manner for remaining 

segments of the target market. 

The values provided in the table’s, graphs, and figure’s are for illustration purpose only. 

Source: Prophecy Market Insights 


About Us 

Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved 

15

About Us 

Who we are: 

Prophecy is a specialized market research, analytics, marketing 

and business strategy, and solutions company that offer strategic 

and tactical support to clients for making well-informed business 

decisions and to identify and achieve high value opportunities in 

the target business area. Also, we help our client to address 

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we cater to industries, individuals, and organizations across 

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Our well defined approach ensures our clients will receive 

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results. 

“WE BELIEVE IN LONG–TERM BUSINESS 

RELATIONS FOR GROWTH AND SUCCESS” 



16

About Us 

More than 100+ Clients 

worldwide including various 

Fortune 500 Companies 

A rich repository of syndicated 

reports across 8 Industries 

Dedicated Analyst 

Working 

Pioneer in adopting best 

research practices to ensure 

deeper insights 

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experience in delivering 

valuable research Insights at 

Global, Regional and Country 

Level 

Top leadership having more 

than 

50 man years of experience 

across varied industries 




Identification 

of data 

Evaluation of 

Market 

Dynamics 

Collection 

of 

Data 

Collaboration 

of Data 

Verification 

and Analysis 

1. This step involves identification of several primary 

and secondary data research sources, including 

Prophecy internal data sources. 

The primary sources consist of in-depth discussions 

and interviews with policy makers, industry experts, 

and data evaluators, whereas secondary sources 

include a thorough study of market journals, press 

releases, annual reports, and government and non 

government agencies websites. 

This phase includes a detailed evaluation of several 

factors that are likely to affect the market dynamics. 

It involves a comprehensive assessment of major 

market pain points, drivers, and trends. 

2.This process consists 

of gathering data, 

accessing proprietary 

databases, and reaching 

out to key industry 

participants that 

operate in the market 

across the value chain. 

It also involves studying 

several patterns in 

the historical data and 

comparing it with the 

current scenario. 

3.This stage involves the 

validation of data and 

arrival at actual statistics, 

and evolution of the 

market over the years. It 

entails the study and 

analyzes various segments 

and verticals of the 

market. An impact analysis 

is also performed to 

observe which factors will 

affect the market in the 

next few years. 

4. This is the final stage, 

which involves both 

quantity and quality 

checks. Although the 

process of data 

verification is an integral 

part of the research 

process, all data points 

and statistics and figures 

are re-checked to uphold 

their authenticity and 

validity. 



Research Objective 

To analyze several micro-market 

indicators considering growth 

factors, market prospects, and 

strategic market contribution 

To predict the 

size of the 

market 

To offer wide ranging market 

statistics with a detailed 

classification along with the 

market size of each segment 

To outline and forecast the Truck 

AVN market in globally based on 

segmentation and region 

To analyze key 

strengths, 

opportunities, 

and strategies of 

major 

companies 

To examine competitive scenarios 

such as collaborations, mergers and 

acquisitions, R&D activities, and 

advanced developments 

To study market 

opportunities for 

participants and 

stakeholders by 

identifying high 

growth sectors in 

the market 

To provide comprehensive 

information about factors that affect 

market dynamics 



Research Process 

PROJECT 

SCOPE 

REPORT 

DELIVERY 

POST-SALE 

SERVICE 

PROJECT 

KICKOFF 

REPORT 

SYNTHESIS 

PRELIMINARY 

RESEARCH 

MARKET 

ANALYSIS & 

SEGMENTATION 




Global Market Size 

Market/Revenue share of each key player in each 

Deployment segment 

Market/Revenue share split by each market segment 

such as by Deployment Fracturing Fluids/Fracturing 

Fluids sector/end user 

Market/Revenue share of each key player in the 

global market 

Market/Revenue share split by each region and 

country in the global market 

Bottom-up Approach – 

Collection of market related data and information 

from primary and secondary sources, and data 

analysis. 

Primary Sources: 

• Demand Side Key Opinion Leaders 

• Supply Side Key Opinion Leaders 

Secondary Sources: 

• Annual Reports 

• Financial Reports and Presentations 

• Press Releases 

• Research Journals 

• Paid Data Sources 

Top-down Approach – 

Market size and analysis validation through primary 

and secondary research participants and key opinion 

leaders. 

Primary Sources: 

• Demand Side Key Opinion Leaders 

• Supply Side Key Opinion Leaders 

Secondary Sources: 

• Annual Reports 

• Financial Reports and Presentations 

• Press Releases 

• Research Journals 

• Paid Data Sources 




Definition and Scope – Prophecy Market Insights provide the market definition to 

understand the target Deployment/service and provide the market scope to 

understand the report coverage after thoroughly understanding of target market 

and market specific requirements. 

Primary Research – We formulates a detailed discussion guide to perform primary 

research. In primary research collection of data is performed through telephonic 

interview, E-mail questionnaire’s, and in-depth discussion with industry experts, 

manufacturers, suppliers, and distributors. The primary research participant 

includes but not limited to CEO’s, Managers, Directors, VP’s, Suppliers, CSO’s, and 

etc. 

Secondary Research – Our research analyst performs in-depth secondary research 

and extensive data mining to collect market related information through various 

authentic data sources such as Annual Reports, Trade Publications, Magazines, 

Research Publications, Company Press Release, and some paid data sources. 

In-house Data Analysis – After extensive data mining, we perform in-house market 

analysis by using various data tools, statistical methods, and data analysis tools to 

arrive on a conclusion and reduce the margin of error. We provide our overviews 

and market forecast for the target market after thoroughly understanding and 

analyzing of collected data, historic market trends, and research outputs. 


Report Delivery – Prophecy Market Insights provide report in required electronic 

format (preferably in PDF format), as PDF format is easy to read and present. 


Preface 


Scope & Coverage 

The report considers 2018 as the base year. All calculations involving quantitative data are 

based on 2018. The values represented in the report are actual values for 2018, whereas, 

the values are estimated for the period 2019−2029. 

2018 2019 2020-2029 

Base Year Estimated Year Forecast Years 



Market Segmentation 

U.S. Contactless Payment Market 

By Device 

‣ Smartphones and Wearables 

‣ Point-of-Sales Terminals 

‣ Smart Cards 

By Solution 

‣ Payment Terminal Solution 

‣ Transaction Management 

‣ Security and Fraud Management 

‣ Hosted Point-of-Sales 

‣ Analytics 

By Application 

‣ Retail 

‣ Transportation 

‣ Healthcare 

‣ Hospitality 

‣ Government 



Currency Conversion 

Currency Conversion 2013-2018 

The standard currency used throughout the report is USD ($). However, in the case of other currencies, the annual average currency rate 

(January 1 to December 31) is used for conversion. These conversion rates are rounded to the nearest decimal place. The chart below 

represents the standard conversion rates used in the report. 

Currency Conversion 2013 2014 2015 2016 2017 2018 

$/€ USD/EUR 0.7532 0.7535 0.8969 0.8988 0.8605 0.8566 

$/£ USD/GBP 0.6395 0.6072 0.6526 0.7309 0.7607 0.7586 

$/¥ USD/JPY 98.58 105.84 120.9 107.5269 113.8867 111.0019 

$/₭ USD/SEK 6.5127 6.8587 8.404 8.9328 8.4135 8.8826 

$/A$ USD/AUD 1.0362 1.1094 1.3112 1.343 1.3042 1.3578 

$/¥ USD/RMB (CNY) 6.1905 6.1432 6.1606 6.61 6.6294 6.6675 


Chapter 02 

Market Purview 


2 

7

Executive Summary (1/6) 

Table 2.1: U.S. Contactless Payment Market Overview 

Parameters 2019 (E) 2029 (F) 

U.S. Contactless Payment Market Value (US$ Mn) XXX.X XXX.X 

By Device Segment with Largest Value (US$ Mn) XX: XXX.X XX: XXX.X 

By Device Segment with Highest CAGR (%)-2019-2029 

XX: CAGR- XX.X 

By Solution Type Segment with Largest Value (US$ Mn) XX: XXX.X XX: XXX.X 

By Solution Type Segment with Highest CAGR (%)-2019- 

2029 



To be Continued … 


28


Table 2.2: U.S. Contactless Payment Market Overview 

Parameters 2019 (E) 2029 (F) 

By Application with Largest Value (US$ Mn) XX: XXX.X XX: XXX.X 

By Application with Highest CAGR (%)-2019-2029 


Key Market Players: 

Bank of America Corporation 

Garmin Ltd. 

Glance Technologies Inc. 

Heartland Payment Systems 

IBM Corporation 

PayPal, Inc. 

Setomatic Systems Inc. 

Square Capital LLC 

Thales Group 

Valitor HF 

Verifone, Inc. 

Visa Inc. 



29


Description 

Figure 2.1: U.S. Contactless Payment Market Value Share (%), By Device – 

2019 (E) 

The well-established economy of the country laid the ground for 

the growth of the contactless payment market. The 

technological advancement in the smart chip and ease of 

technology integration with existing cards are some major 

factors that have been driving the market growth. The 

contactless payment is not yet popularized in the US. 

XX.X% 

Smartphones and Wearables 

Point-of-sales Terminals 

Contactless payments are as secure as chip and pin as they are 

transmitting transactions using the same card reader 

technology. However, it is been derived that some of the US 

consumers are not convinced that tap and pay are as safe as it 

is. 

With the increasing number of digital payments, fraud cases 

have reported an increase. Risk of cyber attacks has increased 

which as a result is decreasing the demand for a robust, secure 

platform for financial services. 

Cyber-attacks have reported the growth due to the absence of a 

secured system and decrypted form of data available on the 

global network of the internet. 

Analysis 

Smart Cards 

The XYZ segment is accounted for the second highest value 

share XX.X% in 2020 in the target market. 

In 2019, the smartphones & wearables segment accounted 

for around 59% of market share, in terms of the transaction 

value. The use of smartphones has drastically increased in 

daily activities. For instance, individuals now use 

smartphones to make payments at stores. Moreover, 

innovations in wearables such as payment bands and 

payment rings are expected to drive the demand over the 

forecast period. 



30


Figure 2.2: Global Portable 

Figure 2.2: U.S. Contactless Payment Market Value Share (%), By Solution – 

2019 (E) 

Payment terminal solution 

Figure 2.4: 2.3: U.S. Contactless Payment Market Value Share (%), By ByRegion Application- – 2019 

2019 (E (E) 

Retail 

XX.X% 

Transaction management 

Security and fraud management 

XX.X% 

Transportation 

Healthcare 

Hosted point-of-sales 

Hospitality 

Analytics 

Government 

Analysis and Outcome 

Customers are mainly concerned about security surrounding contactless payments, since there is often a fear of fraud. Companies 

attempt to address such issues by providing secure payment systems that are authenticated through passcodes. The latest 

technological advancements have led to the invention of new ways of authentication, such as fingerprint authentication, for 

contactless payments. 

In terms of transaction value, the retail application segment accounted for around 62% of the market share in 2019. The growth can be 

attributed to an increase in the number of ‘tap-and-go’ transactions across the globe. The tap-and-go feature speeds up the check-out 

process and thus contactless payments are being preferred by the customers in developed as well as developing nations. 



Likely 

Conservative 

Optimistic 

Opportunity Map Analysis 

Opportunity Map Analysis, by Market Value (US$ Mn) and 

CAGR (%) 

CAGR 

XX.X% 


1720.0 

XX.X% 

1520.0 

XX.X% 

1320.0 

1120.0 

XXX.X 

XXX.X 

XXX.X 

920.0 

720.0 

520.0 

320.0 

120.0 

Market Value (US$ Mn) - 2029 

Likely Conservative Optimistic 




Market at Glance 

X.X% 

XX.XX 

CAGR 2019-2029 

2029 

XX.XX 

2019 



Segment Insights 

 

 

 

 

 

The use of smartphones has drastically increased in daily activities. For instance, individuals now use smartphones to make 

payments at stores. Moreover, innovations in wearables such as payment bands and payment rings are expected to drive the 

demand over the forecast period. 

As transactions carried out through contactless payments are susceptible to frauds due to which individuals have become more 

conscious about using these systems. Prominent contactless technology providers, including Gemalto and Visa Inc., are continuously 

upgrading their security protocols to enhance the security management of the contactless payments. Enhanced security systems and 

product developments have urged consumers to adopt contactless payments. 

The tap-and-go feature speeds up the check-out process and thus contactless payments are being preferred by the customers in 

developed as well as developing nations. Besides, contactless payments also find uses in service businesses, such as movie theaters, 

gas stations, restaurants, and convenience stores, thereby boosting the payments in the retail sector. 

However, the US consumers and merchants will hesitate to adopt contactless payment technology until the US banks adopt them. In 

fact, the small startup based in Sunnyvale, California, XpressTap, is launching its payment platform in Australia, Canada, and 

Southeast Asia to further simplify POS and online business. 

The company allows mobile phone transactions with a simple chip card "tap". Merchants and sellers need only one thing that is their 

phone. It also eliminates the cost, maintenance, and troubles surrounding the separate hardware. 



Chapter 03 

Market Dynamics 


Market Dynamics 

Drivers 

Restraints 

Source: Prophecy Market Insights

Drivers (1/3) 

Increased customer satisfaction and improved loyalty programs 

 

 

The major advantage offered by contactless payment is that customers can instantly complete transactions with the tap of a card. 

This increases the speed of transactions, making contactless payment even more efficient. With the increasing integration of 

contactless payment technologies in mobile handsets and smart phones, the demand for contactless payment solutions has grown 

tremendously across U.S. 

The rising adoption of contactless technology by the users or customers for small value transactions is expected to drive the growth. 

The continuous enhancement in payment security technologies and innovation in products and services is strengthening the market 

growth. Contactless payments enable transactions to be carried out without any physical connection between a consumer’s 

payment device and point-of-sale terminal. 



Drivers (2/3) 

Technology innovation in contactless payment devices and services 



Drivers (3/3) 

Enhanced purchase experience 



Restraint (1/3) 

Risk of stolen or lost contactless cards 



Restraint (2/3) 

High cost of deploying contactless payment technologies 



Opportunity 

Rising demand for mobile and wearable payment devices 



Trend 

Use of security features of emerging technologies, such as blockchain and 5G 



SWOT Analysis 

Strengths 

S W 

Weakness 

Opportunities 

U.S. 

Contactless 

Payment 

Market 

Threats 

O T 




01 

02 03 04 

2017 

2018 2019 2020 

Visa Inc. and Samsung 

partnered to innovate the tap 

to phone program. Tap to 

phone technology enables 

micro-seller to accept 

payments using Android 

smartphones without any 

additional hardware. With this 

partnership, Visa Inc. would 

be integrating its pilot tap to 

phone application into 

Samsung’s Galaxy XCover Pro 

device. 


Impact on Market Growth Rate 

Likely Growth 

Drivers and Restraints Impact Analysis 

Drivers 

Low High 

D1 

Increase in urban logistics 

D2 

Favorable trade policies 

Sample for Illustration Purpose 

Swift industrialization leading 

D3Sample to large-scale for Illustration manufacture Purpose& 

distribution of goods & services 

Restraints 

R1 

R2 

Fuel Cost 

Availability of alternative 

transports 

Low 

Impact on Market Value 

High 



PEST Analysis (1/4) 

POLITICAL 

SOCIAL 

P 

S 

ECONOMICAL 

E 

T 

TECHNOLOGICAL 


PORTER’S Five Forces Analysis 

01 

Threat of New 

Entrants 

XX 

02 

03 

Buyer Power 

XX 

Supplier Power 

XX 

04 

Threats of 

Substitutes 

XX 

05 

Intensity of 

Competitive 

Rivalry 

XX 



Analysis 

North America is leading the market owing to the presence of well-established businesses and high technology adoption in the region. 

As the U.S. are relatively mature in terms of the adoption of these systems, they are expected to witness demand either for up 

gradation or replacement of systems. 

The growth is mainly attributed to the increasing adoption rate, regulatory initiatives such as Mastercard Visa (EMV), the global 

standard for chip cards, and the adoption of Near Field Communication (NFC) technology. 

Additionally, the shift of transit authorities toward the usage of contactless payment services, such as Visa’s payWave service and 

Mastercard’s PayPass service, in the North America market is expected to augment the regional growth. 




COVID-19 Impact on Market 

Contactless payments are anticipated to increase and become a more preferred method of payment amid the spread of COVID-19 as 

contactless payment methods require less physical interaction. However, a bulletin from the Bank for International Settlements (BIS) 

says that the risk of virus transmission by cash usage is lower compared with other frequently touched objects, such as PIN pads and 

credit card terminals. 

Current developments in digital payments have encouraged the use of contactless payments amid this pandemic. For instance, in April 

2020, the Neobank Upgrade (U.S.) has launched the new contactless credit card available in digital form that supports Google Pay and 

Apple Pay mobile wallets. 

Perceptions that cash could spread pathogens are expected to change the payment behavior by firms and users irrespective of whether 

concerns are justified or not. Digital wallets or other smartphone-based payment interfaces have emerged as potential solutions for 

payments to prevent virus spread. 



Chapter 04 

U.S. Contactless Payment Market, By Type 


U.S. Contactless Payment Market, By Device 

Table 4.1: U.S. Contactless Payment Market Value and Forecast (US$ Mn), By Device - 2018–2029 

Device 2018 A 2019 E 2020 F 2021 F 2022 F 2023 F 2024 F 2025 F 2026 F 2027 F 2028 F 2029 F 

CAGR 

(2018– 

29) 

Smartphones and 

Wearables 

Point-of-sales 

Terminals 

XXX.X XXX.X XXX.X XXX.X XXX.X XXX.X XXX.X XXX.X XXX.X XXX.X XXX.X XXX.X XX.X 

XXX.X XXX.X XXX.X XXX.X XXX.X XXX.X XXX.X XXX.X XXX.X XXX.X XXX.X XXX.X XX.X 

Smart cards XXX.X XXX.X XXX.X XXX.X XXX.X XXX.X XXX.X XXX.X XXX.X XXX.X XXX.X XXX.X XX.X 

Total XXX.X XXX.X XXX.X XXX.X XXX.X XXX.X XXX.X XXX.X XXX.X XXX.X XXX.X XXX.X XX.X 



1,20 0.0 

1,00 0.0 

800 .0 

600 .0 

400 .0 

200 .0 

- 

4.7 % 

4.6 % 

4.5 % 

4.4 % 

4.3 % 

4.2 % 

4.1 % 

4.0 % 

3.9 % 

3.8 % 

3.7 % 

3.6 % 

3.5 % 

3.4 % 

3.3 % 

3.2 % 

3.1 % 

3.0 % 

2.9 % 

2.8 % 

2.7 % 

2.6 % 

2.5 % 

2.4 % 

2.3 % 

2.2 % 

2.1 % 

2.0 % 

1.9 % 

1.8 % 

1.7 % 

1.6 % 

1.5 % 

1.4 % 

1.3 % 

1.2 % 

1.1 % 

1.0 % 

0.9 % 

0.8 % 

0.7 % 

0.6 % 

0.5 % 

0.4 % 

0.3 % 

0.2 % 

0.1 % 

0.0 % 

U.S. Contactless Payment Market, By Device 

Figure 4.1 : U.S. Contactless Payment Market Value and Forecast (US$ Mn), 

and Y-o-Y Growth (%), By Device - 2018-2029 


• The U.S. Contactless Payment Market by was valued US$ XXX.X 

Mn in 2018 and is expected to reach US$ XXX.X Mn in 2029, 

and register a CAGR of XX.X% over the forecast period 

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 

Value 

Y-O-Y 

• The first six year (2018-2023) cumulative value is projected to 

be US$ XXX.X Mn, as compared to relatively higher cumulative 

value of US$ XXX.X Mn for the last six year (2024-2029) of the 

forecast period. 

• The US has a huge potential for the growth of the contactless 

payment market. However, the use of contactless payments in 

the US is very low. 

• The technological advancement in the smart chip and ease of 

technology integration with existing cards are some major 

factors that have been driving the market growth. The 

contactless payment is not yet popularized in the US. 

• However, the US consumers and merchants will hesitate to 

adopt contactless payment technology until the US banks 

adopt them. 

xx.x: Projected growth between 2019 and 2029 



350 .0 

300 .0 

250 .0 

200 .0 

150 .0 

100 .0 

50.0 

- 

5.0 % 

3.0 % 

1.0 % 

-1.0% 

Smartphones and Wearables 

Figure 4.2: U.S. Contactless Payment Market Value and Forecast (US$ Mn), and Y- 

o-Y Growth (%), By Smartphones and Wearables - 2018-2029 


2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 

Value 

Y-O-Y 




350 .0 

300 .0 

250 .0 

200 .0 

150 .0 

100 .0 

50.0 

- 

5.0 % 

3.0 % 

1.0 % 

-1.0% 

Point-of-sales Terminals 


o-Y Growth (%), By Point-of-sales Terminals - 2018-2029 


2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 

Value 

Y-O-Y 




350 .0 

300 .0 

250 .0 

200 .0 

150 .0 

100 .0 

50.0 

- 

5.0 % 

3.0 % 

1.0 % 

-1.0% 

Smart Cards 


o-Y Growth (%), By Smart Cards - 2018-2029 


2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 

Value 

Y-O-Y 




Chapter 07 

Competitive Landscape 


Competitive Overview 

Competitive Snippet by Key Players 

Key Players 

Established 


Employee 

Revenue 

(US$ Mn) 

Ticker 



Heat Map Analysis 

Company Name 

By Type 

Type 1 Type 2 Type 3 Type 4 


Garmin Ltd. 

Glance Technologies Inc. 

Heartland Payment Systems 

IBM Corporation 


PayPal, Inc. 

Setomatic Systems Inc. 

Square Capital LLC 

Thales Group 

Valitor HF 


Available 

Not Available 


Market Presence 

High 

Low 

Market Presence and Specificity Analysis 



Low 

Market Specificity 

High 


60

Chapter 08 

Company Profiles 




Established 

Key Management 

Private/Public 

Headquarter 

Headcount 

Business Overview 

Bank of America is the marketing name for the global banking 

and global markets business of Bank of America Corporation. 

Lending, derivatives, and other commercial banking activities 

are performed globally by banking affiliates of Bank of America 

Corporation, including Bank of America, N.A., Member FDIC. 

Securities, strategic advisory, and other investment banking 

activities are performed globally by investment banking 

affiliates of Bank of America Corporation 

Geographic Presence 

Total Value (US$ Mn) 

Portfolio 

Value Growth (%) Over 

Previous Year 

Key Business Segments 

Website 

Source: Company Annual Reports and Website 




On June 2020 

Bank of America 

Announces Partnership 

With iHeartMedia to 

Bring First-of-Its-Kind 

National Audio News 

Service to the Black 

Community 

As part of the 

company’s ongoing 

commitment to advance 

racial equality and 

economic opportunity, 

Bank of America has 

signed on as a founding 

partner of iHeartMedia’s 

latest venture, Black 

Information Network 

(BIN). 



Company Financial (US$ Mn) Overview, by Year 


670 

660 

650 

640 

630 

620 

610 

2015 2016 2017 




Figure 2.2: Global Portable 

Company Share, By Type 

Figure 2.4: U.S. Contactless Payment Market Value Share (%), By Region – 2019 

Company (E Share, By Segment - 2019 (E) 

XXX XXX XXX 

XX.X% 

XXX XXX XXX 

XX.X% 

XXX 

XXX 





Business Strategies Overview 

Hidden for Sample 

Hidden for Sample 



SWOT Analysis 

Strengths 

S W 

Weakness 

Opportunities 

Bank of America 

Corporation 

Threats 

O T 







Future of the Market 


Abbreviations 

Abbreviation and Full Form 

Abbreviation 

Full Form 

Mn 

Million 

Bn 

Billion 

US$ 

US Dollar 

CAGR 

Compounded Annual Growth Rate 

Y-o-Y 

Year on Year 



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