Contactless PoS Terminal Market (COVID-19) to Witness Astonishing Growth by Forecast to 2028 | Cegid Group, NEC Corporation, MICROS Systems Inc., Hewlett Packard Company, Cisco Systems Inc., Samsung Electronics Co. Ltd., Ingenico S.A.

The Insight Partners published a new report, titled, “Contactless PoS Terminal Market”. The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segments, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain a thorough understanding of the industry and determine steps to be taken to gain a competitive advantage.

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.

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The COVID-19 outbreak is currently going the world over, the Contactless PoS Terminal Market report covers the impact of the corona-virus on top company’s growth. This research report categorizes as the key players in the Contactless PoS Terminal Market and also gives a comprehensive study of Covid-19 impact analysis of the market by regions like (Americas, Europe APAC, and EMEA).

The report offers key drivers that propel the growth in the global Contactless PoS Terminal Market. These insights help market players in devising strategies to gain market presence. The research also outlined the restraints of the market. Insights on opportunities are mentioned to assist market players in taking further steps by determining the potential in untapped regions.

The research report by The Insight Partners, titled, “Contactless PoS Terminal Market”, offers a comprehensive analysis of key growth drivers, key segments, development strategies, market opportunities, and competitive landscape. This study offers detailed insights for market players, investors, stakeholders, and new entrants to understand the industry dynamics and determine strategic steps to gain a competitive advantage.

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.

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List of the Top Key Players of Contactless PoS Terminal Market:

1. Cegid Group
2. NEC Corporation
3. MICROS Systems, Inc
4. Hewlett Packard Company
5. Cisco Systems, Inc
6. Samsung Electronics Co. Ltd
7. Panasonic Corporation
8. Ingenico S.A
9. Verifone Systems Inc
10. Toshiba Corporation

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.

This report focuses on the global Contactless PoS Terminal Market with the future forecast, growth opportunity, key market, and key players. The study objectives are to present the Contactless PoS Terminal Market development in North America, Europe, China, Japan, Southeast Asia, India, and Central & South America.

The recent research report on the global Contactless PoS Terminal Market presents the latest industry data and future trends, allowing you to recognize the products and end users driving Revenue growth and profitability of the market.

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