North America Contactless Payment Market 2022-2030 by Component (Hardware, Solutions, Services), Solution, Device Type (Smartphones, Smart Cards, PoS Terminals, NFC Chips), Technology (RFID, NFC, HCE, Bluetooth), Industry Vertical (Retail, Healthcare, Hospitality), and Country: Trend Forecast and Growth Opportunity
- Report ID: 29819
- Date: Jun, 2022
- Pages: 110
- Category: ICT & Media
North America contactless payment market is expected to grow by 23.6% annually in the forecast period and reach $2,679.9 billion by 2030 driven by improved service offered by contactless payments, rising adoption of new emergent system, technological advancements in digital platforms and mobile devices, and increasing penetration due to COVID-19 pandemic.
Highlighted with 22 tables and 56 figures, this 110-page report “North America Contactless Payment Market 2020-2030 by Component (Hardware, Solutions, Services), Solution, Device Type (Smartphones, Smart Cards, PoS Terminals, NFC Chips), Technology (RFID, NFC, HCE, Bluetooth), Industry Vertical (Retail, Healthcare, Hospitality), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America contactless payment market and all its sub-segments through extensively detailed classifications.
Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate for 2020 and forecast from 2021 till 2030 with 2019 as the base year (Year 2020 is not appropriate for research base due to the outbreak of COVID-19).
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify North America contactless payment market in every aspect of the classification from perspectives of Component, Solution, Device Type, Technology, Industry Vertical, and Country.
Based on Component, the North America market is segmented into the following sub-markets with annual revenue ($ bn) for 2019-2030 included in each section.
• Hardware
• Solutions
• Services
Based on Solution, the North America market is segmented into the following sub-markets with annual revenue ($ bn) for 2019-2030 included in each section.
• Payment Terminal Solution
• Transaction Management
• Device Management Solution
• Contactless Mobile Payment Solution
• Security and Fraud Management
• Hosted Point-of-Sales
• Other Solutions
Based on Device Type, the North America market is segmented into the following sub-markets with annual revenue ($ bn) for 2019-2030 included in each section.
• Smartphones
• Smart Cards
• Point of Sale (PoS) Terminals
• NFC Chips
• Other Devices
Based on Technology, the North America market is segmented into the following sub-markets with annual revenue ($ bn) for 2019-2030 included in each section.
• Radio Frequency Identification (RFID)
• Near Field Communication (NFC)
• Host Card Emulation (HCE)
• Bluetooth
• Other Technologies
Based on Industry Vertical, the North America market is segmented into the following sub-markets with annual revenue ($ bn) for 2019-2030 included in each section.
• Retail
• Healthcare
• Hospitality
• Transportation & Logistics
• BFSI
• IT and Telecommunication
• Energy & Utilities
• Government
• Other Industry Verticals
Geographically, the following national/local markets are fully investigated:
• U.S.
• Canada
• Mexico
For each key country, detailed analysis and data for annual revenue ($ bn) are available for 2019-2030. The breakdown of key national markets by Solution, Device Type, and Industry Vertical over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Key Players (this may not be a complete list and extra companies can be added upon request):
Giesecke+Devrient Mobile Security GmbH
Heartland Payment Systems Inc
IDEMIA
Ingenico Group SA
Oberthur Technologies Morpho
On Track Innovations LTD
PAX Technology, Inc.
Setomatic Systems
Thales Group (Gemalto N.V.)
Valitor
VeriFone, Inc.
Visa Inc.
Wirecard AG
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
1 Introduction 7
1.1 Industry Definition and Research Scope 7
1.1.1 Industry Definition 7
1.1.2 Research Scope 8
1.2 Research Methodology 11
1.2.1 Overview of Market Research Methodology 11
1.2.2 Market Assumption 12
1.2.3 Secondary Data 12
1.2.4 Primary Data 12
1.2.5 Data Filtration and Model Design 13
1.2.6 Market Size/Share Estimation 14
1.2.7 Research Limitations 15
1.3 Executive Summary 16
2 Market Overview and Dynamics 19
2.1 Market Size and Forecast 19
2.1.1 Impact of COVID-19 on World Economy 20
2.1.2 Impact of COVID-19 on the Market 23
2.2 Major Growth Drivers 25
2.3 Market Restraints and Challenges 29
2.4 Emerging Opportunities and Market Trends 32
2.5 Porter’s Fiver Forces Analysis 36
3 Segmentation of North America Market by Component 40
3.1 Market Overview by Component 40
3.2 Hardware 42
3.3 Solutions 43
3.4 Services 44
4 Segmentation of North America Market by Solution 45
4.1 Market Overview by Solution 45
4.2 Payment Terminal Solution 47
4.3 Transaction Management 48
4.4 Device Management Solution 49
4.5 Contactless Mobile Payment Solution 50
4.6 Security and Fraud Management 51
4.7 Hosted Point-of-Sales 52
4.8 Other Solutions 53
5 Segmentation of North America Market by Device Type 54
5.1 Market Overview by Device Type 54
5.2 Smartphones 56
5.3 Smart Cards 57
5.4 Point of Sale (PoS) Terminals 58
5.5 NFC Chips 59
5.6 Other Devices 60
6 Segmentation of North America Market by Technology 61
6.1 Market Overview by Technology 61
6.2 Radio Frequency Identification (RFID) 63
6.3 Near Field Communication (NFC) 64
6.4 Host Card Emulation (HCE) 65
6.5 Bluetooth 66
6.6 Other Technologies 67
7 Segmentation of North America Market by Industry Vertical 68
7.1 Market Overview by Industry Vertical 68
7.2 Retail 70
7.3 Healthcare 71
7.4 Hospitality 72
7.5 Transportation & Logistics 73
7.6 BFSI 74
7.7 IT and Telecommunication 75
7.8 Energy & Utilities 76
7.9 Government 77
7.10 Other Industry Verticals 78
8 North America Market 2019-2030 by Country 79
8.1 Overview of North America Market 79
8.2 U.S. 82
8.3 Canada 86
8.4 Mexico 89
9 Competitive Landscape 92
9.1 Overview of Key Vendors 92
9.2 New Product Launch, Partnership, Investment, and M&A 95
9.3 Company Profiles 96
Giesecke+Devrient Mobile Security GmbH 96
Heartland Payment Systems Inc 98
IDEMIA 99
Ingenico Group SA 100
Oberthur Technologies Morpho 101
On Track Innovations LTD 102
PAX Technology, Inc. 103
Setomatic Systems 104
Thales Group (Gemalto N.V.) 105
Valitor 106
VeriFone, Inc. 107
Visa Inc. 108
Wirecard AG 109
RELATED REPORTS 110
List of Tables
Table 1. Snapshot of North America Contactless Payment Market in Balanced Perspective, 2019-2030 17
Table 2. Growth Rate of World GDP, 2020-2022 21
Table 3. Main Product Trends and Market Opportunities in North America Contactless Payment Market 32
Table 4. North America Contactless Payment Market by Component, 2019-2030, $ bn 40
Table 5. North America Contactless Payment Market by Solution, 2019-2030, $ bn 45
Table 6. North America Contactless Payment Market by Device Type, 2019-2030, $ bn 54
Table 7. North America Contactless Payment Market by Technology, 2019-2030, $ bn 61
Table 8. North America Contactless Payment Market by Industry Vertical, 2019-2030, $ bn 68
Table 9. North America Contactless Payment Market by Country, 2019-2030, $ bn 80
Table 10. U.S. Contactless Payment Market by Solution, 2019-2030, $ bn 84
Table 11. U.S. Contactless Payment Market by Device Type, 2019-2030, $ bn 84
Table 12. U.S. Contactless Payment Market by Industry Vertical, 2019-2030, $ bn 85
Table 13. Canada Contactless Payment Market by Solution, 2019-2030, $ bn 87
Table 14. Canada Contactless Payment Market by Device Type, 2019-2030, $ bn 87
Table 15. Canada Contactless Payment Market by Industry Vertical, 2019-2030, $ bn 88
Table 16. Mexico Contactless Payment Market by Solution, 2019-2030, $ bn 90
Table 17. Mexico Contactless Payment Market by Device Type, 2019-2030, $ bn 90
Table 18. Mexico Contactless Payment Market by Industry Vertical, 2019-2030, $ bn 91
Table 19. Giesecke+Devrient Mobile Security GmbH: Company Snapshot 96
Table 20. Giesecke+Devrient Mobile Security GmbH: Business Segmentation 96
Table 21. Giesecke+Devrient Mobile Security GmbH: Product Portfolio 97
Table 22. Giesecke+Devrient Mobile Security GmbH: Revenue, 2018-2020, $ bn 97
List of Figures
Figure 1. Research Method Flow Chart 11
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 14
Figure 3. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2019-2030 16
Figure 4. North America Contactless Payment Market, 2019-2030, $ bn 19
Figure 5. Impact of COVID-19 on Business 23
Figure 6. Primary Drivers and Impact Factors of North America Contactless Payment Market 25
Figure 7. World E-commerce Market, 2019-2030, $ bn 28
Figure 8. World Mobile Banking Market, 2019-2030, $ mn 28
Figure 9. Primary Restraints and Impact Factors of North America Contactless Payment Market 29
Figure 10. Investment Opportunity Analysis 33
Figure 11. Porter’s Fiver Forces Analysis of North America Contactless Payment Market 36
Figure 12. Breakdown of North America Contactless Payment Market by Component, 2019-2030, % of Revenue 41
Figure 13. North America Addressable Market Cap in 2021-2030 by Component, Value ($ bn) and Share (%) 41
Figure 14. North America Contactless Payment Market by Component: Hardware, 2019-2030, $ bn 42
Figure 15. North America Contactless Payment Market by Component: Solutions, 2019-2030, $ bn 43
Figure 16. North America Contactless Payment Market by Component: Services, 2019-2030, $ bn 44
Figure 17. Breakdown of North America Contactless Payment Market by Solution, 2019-2030, % of Sales Revenue 46
Figure 18. North America Addressable Market Cap in 2021-2030 by Solution, Value ($ bn) and Share (%) 46
Figure 19. North America Contactless Payment Market by Solution: Payment Terminal Solution, 2019-2030, $ bn 47
Figure 20. North America Contactless Payment Market by Solution: Transaction Management, 2019-2030, $ bn 48
Figure 21. North America Contactless Payment Market by Solution: Device Management Solution, 2019-2030, $ bn 49
Figure 22. North America Contactless Payment Market by Solution: Contactless Mobile Payment Solution, 2019-2030, $ bn 50
Figure 23. North America Contactless Payment Market by Solution: Security and Fraud Management, 2019-2030, $ bn 51
Figure 24. North America Contactless Payment Market by Solution: Hosted Point-of-Sales, 2019-2030, $ bn 52
Figure 25. North America Contactless Payment Market by Solution: Other Solutions, 2019-2030, $ bn 53
Figure 26. Breakdown of North America Contactless Payment Market by Device Type, 2019-2030, % of Sales Revenue 55
Figure 27. North America Addressable Market Cap in 2021-2030 by Device Type, Value ($ bn) and Share (%) 55
Figure 28. North America Contactless Payment Market by Device Type: Smartphones, 2019-2030, $ bn 56
Figure 29. North America Contactless Payment Market by Device Type: Smart Cards, 2019-2030, $ bn 57
Figure 30. North America Contactless Payment Market by Device Type: Point of Sale (PoS) Terminals, 2019-2030, $ bn 58
Figure 31. North America Contactless Payment Market by Device Type: NFC Chips, 2019-2030, $ bn 59
Figure 32. North America Contactless Payment Market by Device Type: Other Devices, 2019-2030, $ bn 60
Figure 33. Breakdown of North America Contactless Payment Market by Technology, 2019-2030, % of Revenue 62
Figure 34. North America Addressable Market Cap in 2021-2030 by Technology, Value ($ bn) and Share (%) 62
Figure 35. North America Contactless Payment Market by Technology: Radio Frequency Identification (RFID), 2019-2030, $ bn 63
Figure 36. North America Contactless Payment Market by Technology: Near Field Communication (NFC), 2019-2030, $ bn 64
Figure 37. North America Contactless Payment Market by Technology: Host Card Emulation (HCE), 2019-2030, $ bn 65
Figure 38. North America Contactless Payment Market by Technology: Bluetooth, 2019-2030, $ bn 66
Figure 39. North America Contactless Payment Market by Technology: Other Technologies, 2019-2030, $ bn 67
Figure 40. Breakdown of North America Contactless Payment Market by Industry Vertical, 2019-2030, % of Revenue 69
Figure 41. North America Addressable Market Cap in 2021-2030 by Industry Vertical, Value ($ bn) and Share (%) 69
Figure 42. North America Contactless Payment Market by Industry Vertical: Retail, 2019-2030, $ bn 70
Figure 43. North America Contactless Payment Market by Industry Vertical: Healthcare, 2019-2030, $ bn 71
Figure 44. North America Contactless Payment Market by Industry Vertical: Hospitality, 2019-2030, $ bn 72
Figure 45. North America Contactless Payment Market by Industry Vertical: Transportation & Logistics, 2019-2030, $ bn 73
Figure 46. North America Contactless Payment Market by Industry Vertical: BFSI, 2019-2030, $ bn 74
Figure 47. North America Contactless Payment Market by Industry Vertical: IT and Telecommunication, 2019-2030, $ bn 75
Figure 48. North America Contactless Payment Market by Industry Vertical: Energy & Utilities, 2019-2030, $ bn 76
Figure 49. North America Contactless Payment Market by Industry Vertical: Government, 2019-2030, $ bn 77
Figure 50. North America Contactless Payment Market by Industry Vertical: Other Industry Verticals, 2019-2030, $ bn 78
Figure 51. Breakdown of North America Contactless Payment Market by Country, 2019 and 2030, % of Revenue 80
Figure 52. Contribution to North America 2021-2030 Cumulative Market by Country, Value ($ bn) and Share (%) 81
Figure 53. U.S. Contactless Payment Market, 2019-2030, $ bn 83
Figure 54. Canada Contactless Payment Market, 2019-2030, $ bn 86
Figure 55. Contactless Payment Market in Mexico, 2019-2030, $ bn 89
Figure 56. Growth Stage of North America Contactless Payment Industry over the Forecast Period 92
Research methodology is mainly referring to the practical how of any offered piece of research. More specifically, it’s all about how a researcher systematically designs a study in order to assure extremely valid as well as reliable results that ultimately address the targets and objectives of the research.
In any formal research including academic journal, article, dissertation and so on, there will be a special section on a research methodology that mainly describes what, by whom, how to gather as well as how to evaluate the data are provided.
This research methodology has been segmented into following types:
Primary Research:
It is said to be original information that the researchers collect for the crucial purposes of answering the research questions of readers with the help of surveys, observations and experiments.
Secondary Research:
The secondary research is the data that has already been collected by various other researchers in the form of government analysis or scientific studies.
Qualitative Research:
It is descriptive and subjective method irrespective of facts. Both observation and description are essential in this type of research methodology. Its main vision is to analyze knowledge, attitudes, behaviours as well as opinions of people related to the topic of any research. This method has been operated through grounded research, case study and actionable research.
Quantitative Research:
It contains several laboratory experiments, basic surveys, mathematical calculations, simulations and so on. The possible measurement, quantity or amount is considered to be a major factor in the quantitative research methodology.
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