Contactless PoS Terminal Market 2022-2025
New Study Reports “Contactless PoS Terminal Market 2022 Global Opportunities, Challenges, Strategies and Forecasts 2025” has been Added on PersistenceMarketResearch.
Report Details:
This report provides in depth study of “Contactless PoS Terminal Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Contactless PoS Terminal Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
A terminal with contactless functionality, supporting it to accept contactless payments, comprising payments from contactless chip cards, mobile NFC devices that are enabled with payment application and authorizations and dual interface chip cards. Contactless payment application exist in a point-of-sale (PoS) terminal in accordance with multiple application kernels, one of each supported payment network.
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The application kernels are developed and certified by the vendors who offer contactless PoS terminals. Contactless application kernels can be designed to support two different modes of transaction, one of which includes the EMVCo standard, and the other, known as MSD. While EMVCo (previously EMV) represents a consortium of financial companies, it typically covers chip transactions, viz. Visa, Mastercard, JCB (J Smart), NPCI (Rupay), AEIPS (American Express), UICS (China Union Pay), and Verve.
Contactless MSD stands for magnetic stripe data transactions, and has been enabling access to a majority of traditional contactless terminals. Chip transactions, on the other side, support enhanced functionality and features, including consumer verification mode (CVM) on consumer devices.
A contactless PoS terminal is connected as a peripheral to the PoS. Introducing contactless feature at any PoS incurs complexity and incremental costs. This may also depend on merchant decision and may impact obligation for card fraud.
Key Players:
The report has profiled some of the important players prevalent in the global like – 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 and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Contactless PoS Terminal Market.
Global Contactless PoS Terminal Market: Driver and Challenges
A number of factors are contributing to the growth of global contactless PoS terminal market such as advancement in contactless payment technology, rising awareness of plastic money among the buyers, increasing frequency of purchases, and the need for fast transaction time without any hassle of long queues for payment.
Contactless payment is further evolving, making itself a useful interface between the consumers, retailers, advertisers and marketers. Hence, contactless PoS terminals adoption is PoSitively impacted with all the above mentioned factors aiding the growth in revenue of global contactless PoS terminal market.
However, high initial installation cost, government regulations and security issues are a few factors that act as a challenge to the growth of global contactless PoS terminal market.
Contactless PoS Terminal Market: Segmentation
On the basis of component, global contactless PoS terminal market can be segmented into hardware and software.
On the basis of devices, global contactless PoS terminal market can be segmented into portable PoS terminal and cabled PoS terminal
On the basis of technology, global contactless PoS terminal can be segmented into mobile NFC, smart-card, biometric and others
On the basis of end-user application, global contactless PoS terminal can be segmented into retail, BFSI, education and IT, transportation and logistics, energy and utility, government, defence, healthcare, hospitality and others.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Contactless PoS Terminal Market Manufacturers
Contactless PoS Terminal Market Distributors/Traders/Wholesalers
Contactless PoS Terminal Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Contactless PoS Terminal Market – Report Highlights
- A detailed overview of parent market of Contactless PoS Terminal Market
- Changing Contactless PoS Terminal Market dynamics in the industry
- In-depth segmentation of the Contactless PoS Terminal Market
- Historical, current, and projected Contactless PoS Terminal Market size regarding volume and value
- Recent industry trends and developments in Contactless PoS Terminal Market
- Competitive landscape of the Contactless PoS Terminal Market
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on Contactless PoS Terminal Market performance
- Must-have information for Contactless PoS Terminal Market players to sustain and enhance their market footprint
Key Questions Answered in the Contactless PoS Terminal Market Report
How is the Contactless PoS Terminal Market expected to grow over the projected period?
What direction is the Contactless PoS Terminal Market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the Contactless PoS Terminal Market in future?
What are the key market drivers in the Contactless PoS Terminal Market?
What are significant opportunities and improvement areas for Contactless PoS Terminal Market manufacturers?
What are the key developments and trends taking over the Contactless PoS Terminal Market?
Which are the emerging countries that are expected to create significant growth opportunities in the Contactless PoS Terminal Market?
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