According to a new report North America Contactless Payment Market, published by KBV Research, the North America Contactless Payment Market is expected to attain a market size of $6.2 billion by 2022, growing at a CAGR of 20.3% during the forecast period.
The widespread popularity of internet shopping, QR & ID codes and mobile banking services has directly influenced the growth of contactless payment market. E-commerce as an industry has significantly influenced different verticals and directly influenced and augmented the demand for contactless payment. Despite potentials prevailing, customers are still inclined to cash transactions as cyber threats are widely prevalent. Adding the security threats, resistance to technological upgrade in disbursement mode is also been a major restraining factor.
In 2015, Mobile Handsets segment dominated the North America Contactless Payment market by device type. The segment has generated revenue of USD 676.1 million in 2015. However, Smart Cards would witness highest CAGR of 23.2% during the forecast period.
In 2015, US dominated the North America Payment Terminal Solution for Contactless Payment Market. The Country is expected to reach USD 987.1 million by 2022. However, Mexico is expected to witness highest CAGR of 23.9% during the forecast period (2016-2022). The widespread popularity of internet shopping, QR & ID codes and mobile banking services has directly influenced the growth of contactless payment market. E-commerce as an industry has significantly influenced different verticals and directly influenced and augmented the demand for contactless payment. Despite potentials prevailing, customers are still inclined to cash transactions as cyber threats are widely prevalent. Adding the security threats, resistance to technological upgrade in disbursement mode is also been a major restraining factor.
The report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the countries in the region. The key influencing factors of the North America Contactless Payment Market have been discussed in the report along with the elaborated company profiles of Microsoft Corporation, Wirecard AG (until April 6, 2005: InfoGenie AG), Giesecke & Devrient GmbH, Ingenico Group S.A, Gemalto NV, Renesas Electronics Corporation, INSIDE Secure, Verifone Systems, Inc.
Full report: https://www.kbvresearch.com/north-america-contactless-payment-market/
Segmentation
Global Contactless Payment Market
Europe Contactless Payment Market
Unique Offerings 
