Nfc Pos Terminal Market was valued at US$ 3,390.47 million in 2019 and is projected to reach US$ 11,503.09 million by 2027; it is expected to grow at a CAGR of 16.8% from 2020 to 2030.
Smartphones and other smart gadgets can connect with one another when they are within close range thanks to near field communication, a short-range wireless communication technique. One of the main uses of near field communications is contactless payments at the point of sale (POS). Additionally, throughout the projection period, there is likely to be a surge in demand for NFC POS terminals due to the expanding use of NFC-enabled smartphones and mobile wallet services. This technology is used in a number of significant technological replacements for transportation ticketing, including contactless smart cards and NFC-based mobile ticketing, among others, and is anticipated to drive up demand for NFC POS Market in the years to come.
The market for NFC POS terminals has been divided into segments based on geography, application, component outlook, and product outlook. The hardware and software segments of the global NFC POS terminals market have been separated based on component perspective. The hardware consists of tablets and cellphones coupled with card readers, debit/credit monitors, and cash drawers, among other things. In turn, it is expected that this will boost demand for the hardware industry among other component segments in the upcoming years.
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Major Players in Nfc Pos Terminal market are:
SZZT Electronics
On Track Innovations
Castles Technology Co
ID TECH
PAX Technology
Uniform Industrial Corp
Ingenico
First Data Corp.
Centerm Information Co
Newland Payment Technology
VeriFone
Equinox
Pacific Business Machine Ltd.
XAC Automation
NEC
Most important types of Nfc Pos Terminal products covered in this report are:
Desktop
Wireless
Most widely used downstream fields of Nfc Pos Terminal market covered in this report are:
Mobile Payment
Transfer Accounts
Other
Major Regions or countries covered in this report:
North America
Europe
China
Japan
Middle East and Africa
South America
India
South Korea
Southeast Asia
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