Global Contactless PoS Terminals Market 2017-2021

  • ID: 4115406
  • Report
  • Region: Global
  • 73 pages
  • TechNavio
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FEATURED COMPANIES

  • CyberNet
  • Equinox Payments
  • First Data
  • Ingenico
  • NCR
  • PAX Technology
  • MORE
About Contactless PoS Terminals

A POS terminal refers to a system that is used to facilitate easy and faster checkout for customers at different outlets. A standard POS system consists of a computer, monitor, cash drawer, receipt printer, barcode scanner, POS software, weight scale, and credit and debit card readers.

The analysts forecast the global contactless PoS terminals market to grow at a CAGR of 25.64% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global contactless PoS terminals market for 2017-2021. To calculate the market size, the report considers the from the sales of contactless POS terminals, transaction fees, and other fees such as monthly fees charged by vendors on the merchants.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

The report, Global Contactless PoS Terminals Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.

Key vendors
- Ingenico
- PAX Technology
- SZZT Electronics
- Verifone Systems

Other prominent vendors
- CyberNet
- Equinox Payments
- First Data
- NCR
- Spire Payments

Market drivers
- Increased number of card transactions
- For a full, detailed list, view the full report

Market challenges
- Amount limit per transaction
- For a full, detailed list, view the full report

Market trends
- Mobile phone OEMs coming up with magnetic secure transmission (MST) technology
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • CyberNet
  • Equinox Payments
  • First Data
  • Ingenico
  • NCR
  • PAX Technology
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

Market overview

Definitions

Base year and forecast period

End-user segmentation

Vendor selection criteria

Geographical segmentation

Top-vendor offerings

PART 03: Market research methodology

Research methodology

Economic indicators

PART 04: Introduction

Key market highlights

PART 05: Market landscape

Market overview

Contactless POS industry overview

Market size and forecast

Five forces analysis

PART 06: Market segmentation by end-user

Market size and forecast

Retail

Hospitality

PART 07: Geographical segmentation

PART 08: Key leading countries

PART 09: Market drivers

Strong value position for users and merchants

Increasing awareness for contactless payments and modes of payment

Increased number of card transactions

Presence of large smartphone OEMs in contactless payment software market

PART 10: Impact of drivers

PART 11: Market challenges

Threat from cashless payment options

Payment security issues and fraudulent activities

Amount limit per transaction

Misconceptions regarding EMV POS terminals

Growing number of online transactions

PART 12: Impact of drivers and challenges

PART 13: Market trends

Increasing number of mobile devices with NFC

Mobile phone OEMs coming up with magnetic secure transmission (MST) technology

NFC-enabled smart rings

PART 14: Vendor landscape

Competitive scenario

Major vendors

Other prominent vendors

PART 15: Appendix

List of abbreviations

PART 16: About the Author
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FEATURED COMPANIES

  • CyberNet
  • Equinox Payments
  • First Data
  • Ingenico
  • NCR
  • PAX Technology
  • MORE
New Report Released: – Global Contactless PoS Terminals Market 2017-2021

The author of the report recognizes the following companies as the key players in the global contactless POS terminals market: Ingenico, PAX Technology, SZZT Electronics, and Verifone Systems.

Other Prominent Vendors in the market are: CyberNet, Equinox Payments, First Data, NCR, and Spire Payments.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is mobile phone OEMs coming up with magnetic secure transmission (MST) technology. Some of the smartphones by vendors like Samsung have MST technology inbuilt in their recent smartphones. They can emit a magnetic signal that mimics the magnetic strip on a traditional payment card. The technology enables the phones to send magnetic signals to the traditional card-reading POS terminals, which facilitate the payment. Therefore, merchants with POS terminals need not upgrade their software or any of their hardware components.”

According to the report, one of the major drivers for this market is increased number of card transactions. The rising number of credit and debit cards and the increase in the use of these cards for payment transactions by consumers are encouraging the merchants to opt for POS terminals during checkout. With an increase in the number of card transactions, enterprises that were earlier reluctant to adopt payment mechanisms involving cards are now more likely to consider them

Further, the report states that one of the major factors hindering the growth of this market is amount limit per transaction. Due to the cap on single payment transactions, the individuals are forced to use them only for small purchases at a time. This limits the application of contactless payments. Hence, the applications are limited to the retail and the hospitality sector. This would affect the adoption of contactless POS terminal unit sales, resulting in limited market adoption.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • Ingenico
  • PAX Technology
  • SZZT Electronics
  • Verifone Systems
  • CyberNet
  • Equinox Payments
  • First Data
  • NCR
  • Spire Payments
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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