The US Payment Card Market predicted to grow from $ 934.3 million in 2017 to $ 4,133.7 million by 2025. The major factors for driving the US Payment Card Market are improvement in security, customer convenience, better financial services and standardization.
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The US payment card market involves major participants in the value chain of payment cards market including suppliers, manufacturers and distributors.
Some of the major players operating in the US Payment Card market include;
- Oberthur Technologies,
- CPI Card Group,
- Valid USA,
- MCT Cards & Technology Pvt. Ltd,
- Goldpac Group Ltd,
- CardLogix Corporation
- Perfect Plastic Printing.
The payment card business consists of establishments that enable storage, developments as well as transmission of cardholder’s data, especially for debit cards & credit cards. The Payment Card Industry Security Standards Council has developed security standards for payment card market which is used all over the industry. This is one of the key factors fueling the US Payment Card Market. Other factors pushing the market are better financial services as well as convenience of the customers.
Moreover, technological progression is altering the methods of payment in past via microchip cards. The old way of payment has been replaced by NFC (near field communication), this is an innovative & emerging technology enabling contactless payment over smart phones as well as wearables including smartwatches, jewelry, rings & some other accessories. Additionally, it allows the entire transaction to happen conveniently by placing the particular device near the payment terminal. Also, all the newly launched devices will come rooted with the new & trending chip as well as NFC technology in the upcoming years, this would further challenge the development of c.
The US payment card Market is segmented by different type such as contact, contactless and dual interface. However, since past few years the US market has been dominated by the contact type segment and is anticipated to maintain the pace till the end of the forecast period (2018-2025) as large number of the US population prefers contact credit or debit cards for transactions. On the other hand, contact type card is trailed by contactless type card as they are witnessing rapid growth owing to ease of use & transaction speediness.
Furthermore, the ‘US Payment Card Market Size by Type (Contact, Contactless and Dual Interface) and Forecast 2018 to 2025’ intends to deliver its target audiencewith the modern outlook as well as quality research over the US payment market by filling up the gaps about the product with the support of processed well- information as well as accumulated ideas from industry professionals.Besides, the analysis report for the US payment market is backed by extensive as well as in-depth secondary research including reference taken for various statistical data, webcasts, regulation by government, news articles, related patent & regulatory databanks, press releases, company annual reports & balance sheets and a number of internal & external registered databanks. This projected data is further validated by the industry professionals from across the various prominent companies operating in the market. Then, after the entire verification process is done, these reports are shared with SMEs (subject matter experts) for adding value as well as getting their insightful views on the analysis.
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***Key Segments of the US Payment Card Market Forecast Report:
1] Type Overview:
- Dual Interface
2] Key players analyzed in US Payment Card Market
- Perfect Plastic Printing
- Oberthur Technologies
- Gemalto, CPI Card Group
- Giesecke & Devrient
- Valid USA, Inc.
- Goldpac Group Ltd
- MCT Cards & Technology Pvt. Ltd
- dz card
- CardLogix Corporation
**Some Points from TOC of US payment card industry report:
Chapter 1 Executive Summary
Chapter 2 Research Methodology
- Research approach
- Scope, definition, and assumptions
- Data sources
Chapter 3 Payment Card Market Outlook
- Key trends
- Market drivers
- Market restraints
- Porter’s Five Forces’ analysis
- Value chain analysis
Chapter 4 US Payment Card Market Overview, By Type
- Dual Interface
Chapter 5 Company Profiles
**List of Figures present in the global US payment card industry report:
- Global payment card frauds, 2010 – 2015 (USD Billion)
- US fraud loss by value of payments, by type (USD Billion)
- Worldwide Non-cash transactions, 2015 (In %)
- Value chain of payment cards
- Porter’s Five Forces analysis
- US payment cards market share, by type, 2017 & 2025 (USD Million)
- US payment cards market share, by type, 2017 & 2025 (Million Units)
- US contact-based payment cards market, 2015 to 2025 (USD Million) (Million Units)
- US contactless payment cards market, 2015 to 2025 (USD Million) (million units)
- US dual interface payment cards market, 2015 to 2025 (USD Million) (Million Units)
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