NFC POS terminal Market to Witness an Outstanding Growth during 2019 – 2025 | Know about Influencing Factors by Focusing on Top Companies like Cybernet, Equinox Payments, First Data, Heartland Payment Systems, Paz Technology, Ingenico SA

Fast, reliable and effective payments using mobile devices without the hassles of using a card for payment has been realized with the use of NFC technology for contactless payments. The time taken for a single transaction is much lesser than the traditional chip and PIN method. The users have a higher value addition as they do not need to key in the PIN in public or hand the card to the POS operator.

Key Benefits-

  • To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global NFC POS terminal Market
  • To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)

Encouraging demands for contactless payments such as smart cards, high penetration of mobile handsets equipped with NFC technology are some of the factors that are anticipated to drive rapid growth of this market during the forecast period. High costs associated with their deployments is anticipated to hinder the growth of this market in the developing economies in the coming few years. However, the influx of large number of mobile payment solutions is anticipated to further create more opportunities for the NFC POS terminal players in this market.

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The NFC POS Terminal Market report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. Further, the report also covers key players profiling with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.

Key Vendors- Cybernet, Inc. , Equinox Payments, First Data Corp., Heartland Payment Systems, and Paz Technology Ltd, Ingenico SA, NEC Technology, SZZT Electronics Co., Ltd., VeriFone Systems., and Castles Technology Co. 

As leading companies in NFC POS Terminal market continues to broaden their addressable market, by expanding its current product portfolio, diversifying its client base, and developing new applications and markets, all the prominent players faces an increasing level of competition, both from start-ups as well the leading global technology and industrial companies in the world. Various companies in the value chain are acquiring other local players and operating through joint ventures with retailers in the market to maintain their position in market and provide efficient solutions to its customers.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global NFC POS terminal market based on product, and application. It also provides market size and forecast till 2025 for overall NFC POS terminal market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 16 countries globally along with current trend and opportunities prevailing in the region.

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Answers that the report acknowledges:

  • Market size and growth rate during forecast period.
  • Key factors driving the “NFC POS Terminal” market.
  • Key market trends cracking up the growth of the “NFC POS Terminal” market.
  • Challenges to market growth.
  • Key vendors of “NFC POS Terminal” market.
  • Detailed SWOT analysis.
  • Opportunities and threats faces by the existing vendors in Global “NFC POS Terminal” market.
  • Trending factors influencing the market in the geographical regions.
  • Strategic initiatives focusing the leading vendors.
  • PEST analysis of the market in the five major regions.
Posted by on Monday May 27 2019, 10:52 AM EDT. All trademarks acknowledged. Filed under Business & Financial Services, Featured Press Release, Software & Services, Technology Hardware & Equipment, Technology, Media, & Telecommunications. Comments and Trackbacks closed. Follow responses: RSS 2.0

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