The line graph illustrates the revenue generated from mobile and QR sales from 2017 to 2023 in the USA. The data are presented in billions of US dollars.
Overall, the value of mobile and and QR transactions showed an upward trend throughout the seven-year period. Growth was relatively modest in the early years, and remained stable between 2019 and 2020 but the market expanded considerably after 2020, reaching its peak in 2023.
To begin with, the market size of mobile and QR payments stood at approximately $1 billion in 2017. It rose steadily to about $2 billion by 2019, and remained stable in 2020, which was roughly twice the initial value.
A sharp increase in mobile and QR sales occured in 2021, climbing to around $4 billion. The upward trend continued in 2022 and sales grew slightly to just over $4 billion. By 2023, the sales peaked at just over $5 billion in 2024, representing the highest revenue recorder over the period.
