Sample_U.S. Contactless Payment Market

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
Analysis and Outcome
• 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
Source: Prophecy Market Insights
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