openPR Logo
Press release

NFC Forum Initiatives are Driving the NFC PoS Terminal Market

08-31-2011 09:02 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Technavio

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.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release NFC Forum Initiatives are Driving the NFC PoS Terminal Market here

News-ID: 189910 • Views: 1871

More Releases from Technavio

Technavio: Global Automotive Start-stop System Market
June 15, 2017 - Technavio’s latest report on the global automotive start-stop system market provides an analysis of the most important trends, drivers, and challenges expected to impact the market outlook from 2017-2021. This market research report includes up to date analysis, share breakdown, and projections for various application, end-user, product, distribution, and geographical segments. The report also provides an in-depth vendor landscape, covering various large and small stakeholders in
On Premise Models Taking a Backseat in the Global SaaS-based Enterprise Resource …
TechNavio, the independent tech-focused global research firm, shows the Global SaaS-based Enterprise Resource Management (ERP) Market is projecting healthy growth, with a CAGR of 13.80 percent from 2013-2018. Convenience and a need for energy conservation are the main factors driving this growth. On-premise ERP requires at least 12-36 months for installation, whereas SaaS-based ERP requires an average of just two to three weeks for installation. And since all support is outsourced,
Location-Based Search and Advertising Market in the US is Booming: TechNavio Res …
A recently released report from TechNavio, the independent tech-focused global research firm, shows the popularity of mobile devices and media is spurring major growth in the Location-Based Search and Advertising Market in the US, which is projecting a healthy CAGR of 43.01 percent from 2013-2018. Location-based services (LBS) use location, determined by a user's mobile device, to search for and promote products and services near the user. Location-based advertising is based
TechNavio Publishes New Research Report on the Cloud Computing Market in Latin A …
TechNavio, the independent tech-focused global research firm, has published a new market research report on the Cloud Computing Market in Latin America, which is projecting a CAGR of 26.1 percent from 2013-2018. The report covers key factors driving uptake of cloud computing services in Argentina, Mexico and Brazil. According to TecNavio, factors like adoption of virtualization are influencing uptake of SaaS, IaaS and PaaS-based cloud services. “Virtualization is essential for increasing IT

All 5 Releases


More Releases for NFC

Global NFC Chips Market Research Report 2025
This report studies the global NFC Chips market status and forecast, categorizes the global NFC Chips market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions. Get sample copy of report: https://www.marketdensity.com/contact?ref=Sample&reportid=126251 Table of Contents Global NFC Chips Market Research Report 2018 1 NFC Chips Market Overview 1.1 Product Overview and
NFC Chips Market: NXP Semiconductors, Broadcom, Qualcomm
MarketResearchReports.Biz has recently announced the Latest industry research report on: "Global NFC Chips Market" : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts. This report presents the worldwide NFC Chips market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities
Global NFC Systems Market 2017-2021
NFC systems bring two devices in close proximity to enable peer-to-peer communication. End-users use this technology to transfer information from their devices to other NFC devices, such as smartphones and NFC tags. The system directly transfers data between phones or phones and POS devices. Many mobile phone operators are looking for ways to further develop this technology. The global NFC systems market to grow at a CAGR of 13.43% during the
Global NFC Systems Market Research Report 2017
In this report, the global NFC Systems market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Browse Full Report : https://www.marketresearchreports.biz/reports/1282681/global-nfc-systems-research-report-market-research-reports.pdf Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of NFC Systems in these regions, from 2012
NFC Technology Market -
Near field communication (NFC) has been around since past few years but was not yet implemented as it was undergoing pilot testing phase. Considerable research and developments have been made in this field and several prototypes are developed for number of products and applications. Major application areas of NFC include mobile payments, data sharing, and advertisement among others. Although there are limited products commercially available today using NFC technology, this
NFC meets Wireless Charging
Stollmann – specialist in software stacks for NFC, Bluetooth and ISDN –Philips & Lite-On Digital Solutions (PLDS) – globally well-known in the automotive infotainment industry – and Funkwerk Dabendorf – renowned producer of mobile communication solutions in the automotive industry – agree upon cooperation for the smartphone integration in the car via NFC. Today, we can see a steady and substantial rise in the integration of the smartphone into the vehicle.