Assessment of North America's Contactless Payment Market 2019-2025
The North American contactless payment market is anticipated to grow at a CAGR 15.9% during the forecast period.
DUBLIN, May 1, 2020 /PRNewswire/ -- The "North American Contactless Payment Market 2019-2025" report has been added to ResearchAndMarkets.com's offering.
The North American contactless payment market is anticipated to grow at a CAGR 15.9% during the forecast period.
The factor such as presence of technology giants such as Google, Amazon, and Apple among others, the development of contactless payment-based platform is positively growing. Thus, propels the growth of the North American contactless payment market during the forecast period. Software companies are investing in significant workforce and money to develop a platform that is more secure, more transparent as compare to other mode of payment and operates with decentralized authority.
Smart payments are the future collaterals of the business, which are directing the economy towards the transparent mode of operation. Well-established IT industry of the region supports the development of technology. The companies which are already in the IT industry are leveraging their efforts to support the adoption of the contactless payment platform. The companies are coming forward to collaborate with various financial institutions to develop robust, secure, transparent and decentralized platform due to growing challenges of cyber-crimes particularly across the market. The collaborations are the result of the evolution of new mode of payments. For instance, demand for online payment has been increased among various financial institutions due to faster payment methods.
Major factor attributing to the dominance include presence of major market players in the US and Canada and another factor attributing to the high penetration rate in the US and Canada. Among the US and Canada, the US holds the major market share in the market with the 91%. The major market players that are active in the North American contactless payment market includes Bank of America Corp., Garmin Ltd., Glance Technologies Inc., Heartland Payment Systems, IBM Corp., PayPal, Inc., Setomatic Systems Inc., Square Capital LLC, Thales Group, Valitor HF, Verifone, Inc. and Visa Inc.
This report covers:
- A comprehensive research methodology of the North American Contactless Payment market.
- A detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the North American Contactless Payment market.
- Insights about market determinants which are stimulating the North American Contactless Payment market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Key Topics Covered
1 Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2 Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3 Competitive Landscape
3.1. Competitive Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
4 Market Determinants
4.1 Motivators
4.2 Restraints
4.1. Opportunities
5 Market Segmentation
5.1. North American Contactless Payment Market by Device
5.1.1. Smartphones
5.1.2. Smart Cards
5.1.3. Point of Sale Terminals
5.1.4. Others
5.2. North American Contactless Payment Market by End-user
5.2.1. Retail
5.2.2. BFSI
5.2.3. Transportation
5.2.4. Others
6 Regional Analysis
6.1. North America
6.1.1 United States
6.1.2 Canada
7 Company Profiles
7.1 Bank of America Corp.
7.2 Garmin Ltd.
7.3 Glance Technologies Inc.
7.4 Heartland Payment Systems
7.5 IBM Corp.
7.6 PayPal, Inc.
7.7 Setomatic Systems Inc.
7.8 Square Capital LLC
7.9 Thales Group
7.10 Valitor HF
7.11 Verifone, Inc.
7.12 Visa Inc.
For more information about this report visit https://www.researchandmarkets.com/r/ejmwwj
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
View original content:http://www.prnewswire.com/news-releases/assessment-of-north-americas-contactless-payment-market-2019-2025-301051005.html
SOURCE Research and Markets
