Press release
US Contactless Payment Market Industry Size, Growth and Forecast to 2025
US contactless payment market is anticipated to grow at a CAGR 16.0% during 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 GDP of the US was estimated to be about $20.50 trillion in 2018. 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.Request a Free Sample of Our Report on US Contactless Payment Market: https://www.omrglobal.com/request-sample/us-contactless-payment-market
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 cyberattacks 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.
A Full Report of US Contactless Payment Market is Available at: https://www.omrglobal.com/industry-reports/us-contactless-payment-market
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.
Secondary Sources Include
Financial reports of companies involved in the market.
Whitepapers, research-papers, and news blogs.
Company websites and their product catalog.
Market Segmentation
The US Contactless Payment Market by Device
Smartphones
Smart Cards
Point of Sale Terminals
Other
The US Contactless Payment Market by End-User
Retail
BFSI
Transportation
Others
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/us-contactless-payment-market
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Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +1 646-755-7667, +91 780-304-0404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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