Contactless PoS Terminal Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Contactless PoS terminal is a terminal which accept all the contactless payments, comprising payments from the contactless chip cards, mobile NFC devices that are enabled with payment authorization and application. A contactless PoS terminal exists at a point of sale with multiple application kernels supported by the payment network. The application kernels are certified and developed by the vendors who give and offers contactless PoS terminals. These application kernels offer two type of transactions, one is EMVCo standard which involve chip transactions and other is known as MSD transactions. The key market drivers are, technological advancements and rising demand for contactless and cashless transactions.

MARKET DYNAMICS

The key market drivers for contactless PoS terminal market are, rising demand about cashless and contactless transactions, technological advancement in payment acceptance methods as many of firms using digital platforms to accept payments, increase in use of smartphones and other digital media. Moreover, rising need for inventory management is expected to boost market growth during the forecast period. Additionally, the benefits offered by Pos terminal such as cashless payments, hassle free transactions, convenient mode of payments, reduce transaction error are likely to fuel market growth during forecast period. Whereas, high initial installation cost, issues in payments due to slow bank server may restrict market growth during forecast period.

MARKET SCOPE

The "Global Contactless PoS Terminal Market Analysis to 2031" is a specialized and in-depth study of the contactless PoS terminal Market with a special focus on the global market trend analysis. The report aims to provide an overview of contactless PoS terminal market with detailed market segmentation by components, devices, technology and end user. The global contactless PoS terminal market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading contactless PoS terminal market player and offers key trends and opportunities in the contactless PoS terminal market.

MARKET SEGMENTATION

The global contactless PoS terminal market is segmented on the basis of components, devices, technology and end user. On the basis of components the market is segmented as, software and hardware. On the basis of devices the market is segmented as, portable Pos terminal, fixed Pos terminal. On the basis of technology the market is segmented as, mobile NFC, smart card, biometric, others. And on the basis of end user the market is bifurcated as, retail, BFSI, education and IT, energy and utility, defense, healthcare, hospitality.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global contactless PoS terminal market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The contactless PoS terminal market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting contactless PoS terminal Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the contactless PoS terminal market in these regions.

Contactless PoS Terminal Market Report Analysis

Contactless PoS Terminal Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• 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

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Component

• Hardware
• Software

By Devices

• Portable PoS Terminal
• Fixed PoS Terminal

By Technology

• Mobile NFC
• Smart-Card
• Biometric

By End User

• Retail
• BFSI
• Education and IT
• Transportation and Logistics
• Energy and Utility
• Government
• Defense
• Healthcare
• Hospitality

MARKET PLAYERS

The reports cover key developments in the contactless PoS terminal market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from contactless PoS terminal market are anticipated to lucrative growth opportunities in the future with the rising demand for contactless PoS terminal market. Below mentioned is the list of few companies engaged in the contactless PoS terminal market.

The report also includes the profiles of key contactless PoS terminal market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   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
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Contactless PoS Terminal Market Report Scope