NFC POS Terminal Industry Share, Growth, Analysis, Statistics, Trends, Forecast Report, 2024

1
NFC POS Terminal Market Pit Falls, Present
Scenario and Growth Prospects from 2017 to 2024
Fuel Cell Market size worth 25.5bn by 2024
2
Regional Analysis of NFC POS Terminal Market

• North America and Europe NFC POS terminal markets
  were introduced with Apple Pay in 2015. It was
  launched by Apple to make it possible to pay for
  goods and services by tapping ones iPhone, iPad,
  or Apple Watch to a card reader. This could be
  possible if the customer was banking with a bank,
  which supports Apple Pay thus escalating the NFC
  POS terminal market demands. Furthermore, Android
  Pay and Samsung Pay were introduced in these
  regions. In the UK,
• In the U.S. NFC POS terminal market., some
  retailers had been cautious to adopt NFC POS
  payments in the beginning due to the lack of
  understanding of the added value, hardware,
  training expense, and security concerns.
• Asia Pacific NFC POS terminal market is expected
  to witness a high growth during the forecast
  period. This can be due to the increasing
  adoption of smart devices across these regions.
  Apple Pay is supported in some countries such as
  Singapore, Japan, Hong Kong, Australia, and New
  Zealand in the Asia Pacific region. China and
  India are expected to favorably impact the market
  owing to the large software base and its
  distribution in retail stores automotive sector.

3

• Application Analysis of NFC POS Terminal Market
• NFC POS terminal market is witnessing an increase
  in the penetration of NFC POS terminals in the
  transportation sector for ticketing transactions.
  The inclination of customers towards the use
  NFC-enabled smart cards in automated fare
  collections is likely to boost the NFC POS
  terminal market growth. The NFC technology helps
  in achieving the short-range communication
  between electronic devices thus having a high
  compatibility with fare collection platforms. In
  comparison to its alternatives, NFC technology
  provides a high degree of customer satisfaction
  and experience as it is fast and helps in
  fast-tracking connections thereby escalating the
  demand for NFC POS terminal market.
• An increase in the adoption of electronic payment
  systems in emerging countries fuel NFC POS
  terminal market. However, markets in developed
  countries are saturated due to the prior
  installations of NFC POS terminals. The use of
  NFC payment solutions and its growing popularity
  as an ideal payment mode by customers globally
  are driving the NFC POS market. The pay by phone
  trend by NFC compatible phones is pushing the
  adoption of NFC handsets among consumers thus
  speedily driving the roll-out of NFC POS
  terminals in various market sectors such as
  vending and parking.

4
Competitive Market Share of NFC POS Terminal
Market

• Key market players dominating the NFC POS
  terminal market include Cybernet, Inc. Equinox
  Payments, First Data Corp., Heartland Payment
  Systems, Paz Technology Ltd., Ingenico SA, NEC
  Technology, SZZT Electronics Co., Ltd., and
  VeriFone Systems.

5

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