|[February 24, 2014]
Research and Markets: Global NFC POS Terminals Market 2014-2018: Market Size and CAGR
DUBLIN --(Business Wire)--
Research and Markets (http://www.researchandmarkets.com/research/3955bm/global_nfc_pos)
has announced the addition of the "Global
NFC POS Terminals Market 2014-2018" report to their offering.
The analysts forecast the Global NFC POS Terminals market to grow at a
CAGR of 57.9 percent over the period 2013-2018. One of the key factors
contributing to this market growth is the increasing penetration of
NFC-based mobile handsets. The Global NFC POS Terminals has also been
witnessing the increasing penetration of NFC POS terminals in the
Transportation sector for ticketing transactions. However, the high cost
of NFC POS terminals could pose a challenge to the growth of this market.
Key vendors dominating this space include First Data Corp. (News - Alert), Ingenico SA,
Pax Technology Ltd., and VeriFone Systems Inc.
Othervendors mentioned in the report are Cybernet Inc., Equinox
Payments, Heartland Payment Systems, and SZZT Electronics Co. Ltd.
Commenting on the report, an analyst from the team said: The penetration
rate of NFC technology in the Transportation sector is very high. In the
Americas and the EMEA region, NFC technology is widely employed for
ticketing. However, the penetration rate of this technology is low in
the APAC region. NFC-based ticketing systems require mobile NFC POS
terminals, which are deployed in public transport vehicles. The use of
NFC POS terminals in public transport vehicles has facilitated high
flexibility while carrying out transactions through NFC-enabled devices
and has helped reduce the use of paper. NFC technology is also expected
to be incorporated in check-in and passport verification systems at
airports. Factors like these are expected to foster the demand for NFC
POS terminals, which in turn is expected to propel the growth of the
market during the forecast period.
According to the report, the growth of the Global NFC POS Terminals
market is driven by several factors, the most important of which is the
increasing penetration of NFC-based mobile handsets. As a result of the
increasing popularity of NFC technology, numerous mobile manufacturers
are integrating this technology in their handsets. Moreover, with the
increasing popularity of NFC technology, there has been an increase in
the adoption of NFC-based handsets, thereby driving the demand for NFC
For more information visit http://www.researchandmarkets.com/research/3955bm/global_nfc_pos
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