The global demand for NFC POS Terminals Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
NFC POS terminals are point of sale (POS) terminals that use a near field communication (NFC) technology to enable contactless payments.NFC technology allows two devices like the smartphone and the payment terminal to talk to each other when they are close by. POS terminals use radio-frequency identification techniques to communicate wirelessly. Contactless payment is a transaction that requires no physical contact with the POS terminal. NFC POS terminals allow for faster transactions that are encrypted, secure and dynamic. Hence these contactless payments cannot be cloned by fraudsters.NFC enabled payments are the future and hence there is a great demand for NFC POS terminals.NFC payments are dynamically encrypted, and hence one of the most secure ways to pay. NFC POS terminals are used for making payments using smartphones and digital exchanges in transportation, retail, and healthcare industries. Modernized POS terminals, when used for ticketing, can calculate the best fare based on travel length, discounts, and prior journeys.
The introduction of smart cards and smartphones can boost the NFC POS terminal market since it allows for electronic payment. The speed of NFC transactions is faster and this enables an increased volume of sales leading to a higher profit margin. Hence this market is sure to propel in this era of e-commerce applications. An increase in the adoption of credit card/debit card payment, ever-changing customer potential, and sophisticated data analytics will boost the growth of mobile point of sale terminals. The challenges faced by this market will be the high installation cost of these terminals, security concerns related to wireless payments and resistance to the adoption of new technologies.
The 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 inclusive assessment of each application/product segment in the global market of NFC POS terminals.
The entire NFC POS terminals market has been sub-categorized into type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- NFС РОЅ Масhіnе
- NFС Vеndіng Масhіnеѕ
- NFС Rеаdеr Dеvісе
- РОЅ Масhіnе
- Моbіlе Рауmеnt
- Тrаnѕfеr Ассоunts
This section covers regional segmentation which accentuates on current and future demand for NFC POS terminals market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global NFC POS Terminals 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 NFC POS terminals market include Іngеnісо, VеrіFоnе, РАХ Тесhnоlоgу, NЕС, Еquіnох, Fіrѕt Dаtа Соrр., Fіrѕt Dаtа Соrр., ІD ТЕСН, Unіfоrm Іnduѕtrіаl Соrр., ХАС Аutоmаtіоn, Оn Тrасk Іnnоvаtіоnѕ, Others. This section includes 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.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.