The global demand for Contactless PoS Terminal Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
A Contactless point-of-sale terminal is an electronic device that is equipped with a contactless payment technology that uses radio frequency identification technology and near field communication technology to complete the payment process. The contactless point-of-sale terminal provides a safe and secure payment method for consumers by using a card or other payment devices. This payment can be completed by simply tapping the payment card or payment device near the point-of-sale terminal. Contactless payment cuts down the risk of fraud and theft to both the consumers and merchant. Hence, the use of a contactless point-of-sale terminal to complete a payment is more secure than the traditional card payment method.
Market Dynamics
Increasing adoption of digital payment for seamless payments of daily transactions by consumers all over the world is the important market driver for the growth of the contactless point-of-sale terminal market. Growing demand for safe, secure, and integrated ways to payments for daily transactions is also one of the major drivers responsible for the market growth of contactless point-of-sale terminals. Moreover, the low-value payment offered by the contactless payment solutions and the increasing awareness among the consumers about the contactless payment method is expected to further propel the market growth of the contactless point-of-sale terminal market. Continuous technological innovations to provide payment security to the consumers will also help in strengthening the market growth of this market. Government regulations encouraging the implementation of such advanced payment methods are also assumed to exhilarate the market growth of the contactless point-of-sale market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of contactless pos terminal. The growth and trends of contactless pos terminal industry provide a holistic approach to this study.
Market Segmentation
This section of the contactless pos terminal market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Component
By Devices
- Portable PoS Terminal
- Cabled PoS Terminal
By Technology
- Mobile NFC
- Smart-Card
- Biometric
- Others
By End User
- Retail
- BFSI
- Education and IT
- Transportation And Logistics
- Energy And Utility
- Government
- Defence
- Healthcare
- Hospitality
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Contactless PoS Terminal market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Contactless PoS Terminal Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the contactless pos terminal market include Cegid Group, NEC Corporation, MICROS Systems, Inc., Hewlett Packard Company, Cisco Systems, Inc., Samsung Electronics Co. Ltd., Panasonic Corporation, Ingenico S.A., Verifone Systems Inc., Toshiba Corporation.. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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