north america contactless card forecast North America dominated the contactless payment market with a share of 30.7% in 2021. This is attributable to the early penetration and adoption of contactless payments in several North American countries.
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0 · contactless payment market share
1 · contactless payment market growth
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contactless payment market share
According to data provided by Visa, in April 2021, over 300 million Visa cards will be contactless-enabled, a significant portion of active credit and debit cards in the United States. With the emergence of technologies like blockchain, IoT, and biometrics, there has been a growth in .
The North America Contactless Smart Cards Market would witness market growth of 7.6% CAGR during the forecast period (2024-2031). The US market dominated the North America .According to data provided by Visa, in April 2021, over 300 million Visa cards will be contactless-enabled, a significant portion of active credit and debit cards in the United States. With the emergence of technologies like blockchain, IoT, and biometrics, there has been a growth in the smart card market.The North America Contactless Smart Cards Market would witness market growth of 7.6% CAGR during the forecast period (2024-2031). The US market dominated the North America Contactless Smart Cards Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of ,901.7 million by 2031.
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contactless payment market growth
Contactless Cards are Expected to Drive the Market Growth. Although contactless payment was also gaining popularity in the North American region before the COVID-19 outbreak, the pandemic has significantly accelerated the adoption rate of contactless cards.
North America dominated the contactless payment market with a share of 30.7% in 2021. This is attributable to the early penetration and adoption of contactless payments in several North American countries.Market Forecast by Countries (United States, Canada), By Types (Contact Cards, Contactless cards, Multi-component cards), By Component (Memory-based, Microcontroller-based), By Application (BFSI, Government, Telecommunication, Retail, Healthcare, Hospitality, Others) And Competitive Landscape. Report Description. Table of Content. Related Topics.Contactless smart cards have become the leading choice for financial services and governments. According to data provided by Visa, in April 2021, over 300 million Visa cards will be contactless-enabled, a significant portion of active credit and debit cards in the United States.Geographical Trends: In North America, the widespread adoption of blockchain and 5G technologies, along with significant improvements in the networking infrastructure, is propelling the market for contactless payments.
Contactless Payment Market size exceeded USD 40 billion in 2019 and is estimated to grow at over 15% CAGR from 2020 to 2026. The global industry shipments are projected to reach 15 billion units by 2026. Growing demand from consumers and merchants to reduce transaction & billing time is likely to propel the industry growth. To get key market trends
The graph shows the contactless payment market revenue in the United States from 2014 to 2025. In 2016, the contactless payment market in the United States generated some 29 billion U.S..The U.S. contactless payment market size was estimated at USD 13.75 billion in 2023 and is predicted to be worth around USD 71.85 billion by 2034, at a CAGR of 16.2% from 2024 to 2034. North America held the largest share of 47% in the contactless payment market in 2023.According to data provided by Visa, in April 2021, over 300 million Visa cards will be contactless-enabled, a significant portion of active credit and debit cards in the United States. With the emergence of technologies like blockchain, IoT, and biometrics, there has been a growth in the smart card market.
The North America Contactless Smart Cards Market would witness market growth of 7.6% CAGR during the forecast period (2024-2031). The US market dominated the North America Contactless Smart Cards Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of ,901.7 million by 2031.Contactless Cards are Expected to Drive the Market Growth. Although contactless payment was also gaining popularity in the North American region before the COVID-19 outbreak, the pandemic has significantly accelerated the adoption rate of contactless cards.North America dominated the contactless payment market with a share of 30.7% in 2021. This is attributable to the early penetration and adoption of contactless payments in several North American countries.
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Market Forecast by Countries (United States, Canada), By Types (Contact Cards, Contactless cards, Multi-component cards), By Component (Memory-based, Microcontroller-based), By Application (BFSI, Government, Telecommunication, Retail, Healthcare, Hospitality, Others) And Competitive Landscape. Report Description. Table of Content. Related Topics.
Contactless smart cards have become the leading choice for financial services and governments. According to data provided by Visa, in April 2021, over 300 million Visa cards will be contactless-enabled, a significant portion of active credit and debit cards in the United States.
Geographical Trends: In North America, the widespread adoption of blockchain and 5G technologies, along with significant improvements in the networking infrastructure, is propelling the market for contactless payments.
Contactless Payment Market size exceeded USD 40 billion in 2019 and is estimated to grow at over 15% CAGR from 2020 to 2026. The global industry shipments are projected to reach 15 billion units by 2026. Growing demand from consumers and merchants to reduce transaction & billing time is likely to propel the industry growth. To get key market trends The graph shows the contactless payment market revenue in the United States from 2014 to 2025. In 2016, the contactless payment market in the United States generated some 29 billion U.S..
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north america contactless card forecast|contactless payment market growth