NFC Forum Initiatives are Driving the NFC PoS Terminal Market

London, UK, August 30, 2011 -- A recently released report by Technavio, specialists in emerging technologies market research, reveals that the Global NFC PoS Terminal market is expected to grow at a CAGR of 10.1 percent.

The report, which covers the Americas as well as the EMEA and APAC regions, indicates that the market is being driven by the various initiatives undertaken by the NFC Forum.

According to Technavio’s industry analyst, “To ensure a good relationship between vendors, the NFC Forum works with all stakeholders of the NFC ecosystem to promote the standardization of this technology. The Forum plays a vital role in driving adoption of NFC technology by end-users. It does this by ensuring that there is interoperability among the various devices and services, and by spreading awareness.”

The report also highlights that the high cost of NFC PoS terminals is hindering the growth of this market. However, with NFCs fast becoming the preferred mode of payment, this market is expected to keep growing. There is also a trend in this market of vendors offering non-payment applications as value-added services.

These are just some of the important findings presented in the report that will enable companies to fully understand the potential in this market and formulate their own strategies.

Technavio’s report, Global NFC PoS Terminal Market 2010–2014, is based on extensive research conducted with industry experts, vendors, and end-users. It examines the key trends, drivers, and challenges impacting the evolution of this market. The report also contains incisive insights and SWOT analyses regarding the key vendors in this market, including VeriFone, Ingenico, and Hypercom.

For further information and to obtain your copy of this report, please visit http://technavio.com/content/global-nfc-pos-terminal-market-2010-2014. Follow us on Twitter: @technavio for daily updates.

About Technavio

Technavio is the research platform of Infiniti Research.

Infiniti Research provides actionable market, strategic, competitive and customer intelligence to leading companies worldwide. A team of 120 analysts with specialization in different sectors, conduct research in more than 50 countries (including all OECD and extended BRIC countries), and in more than 20 languages (including French, German, Mandarin, Japanese, Korean, Spanish, Portuguese and Hindi).

Technavio reports are based on a robust research model with critical insights from industry experts. Technavio focuses on niche and emerging technologies.

Technavio Interactive is a dynamic web-based portal which enables instant access to our 800+ Technavio reports. The platform is designed to ensure fast search and easy navigation of our database.

Media Contact:
Ludmila Berkesova
Program Manager
Technavio
8 Wimpole Street
W1G 9SP London UK
Tel: +44 (0) 20 7291 0880
Fax: +44 (0) 84 5280 2825
ludmila@technavio.com
http://www.technavio.com

This release was published on openPR.