Astonishing Area of Asia Pacific NFC POS Terminal Market by Growing Technology Trends till 2027 - Castles Technology, VeriFone, Inc, Fiserv, Inc, PAX Global Technology, Ingenico Group, NEC Corporation

According to a new market research report "Asia Pacific NFC POS Terminal Market" by Component Application, Deployment Mode, Vertical, and Region forecast to 2027 published by Business Market Insights, The NFC POS Terminal market in Asia Pacific is expected to grow from US$ 1042.8 Mn in 2019 to US$ 4240.0 Mn by 2027; it is estimated to grow at a CAGR of 19.5% from 2020 to 2027.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include:

• Castles Technology
• VeriFone, Inc
• Fiserv, Inc
• PAX Global Technology
• Ingenico Group
• NEC Corporation

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"The APAC market for NFC POS terminal is segmented into countries. In 2019, China led the APAC NFC POS terminal market with more than 30% revenue share, followed by Japan and South Korea. The rising use of NFC-enabled smartphones is accelerating the use of NFC POS terminals for payments in industries such as retail and healthcare in the region. The rising number of department stores and growing demand for advanced technologies with an objective to gather real-time information is also surging the market in APAC. The rising security concerns due to cyberattacks and increasing government initiative are factors contributing to the growth of APAC NFC POS terminal market in the region."

With COVID-19, the entire workforce has experienced a transition toward remote working, paving a way for Asia Pacific NFC POS Terminal solution and hardware products. The reduced travel time and cost, the importance of involving employees in determining strategic goals, and the rising need for virtual meeting rooms have overall increased the spending of companies on Asia Pacific NFC POS Terminal solutions.

Browse Full Report URL: https://www.businessmarketinsights.com/reports/asia-pacific-nfc-pos-terminal-market?utm_source=OpenPR&utm_medium=10466

This report provides:

1) An overview of the market for Asia Pacific NFC POS Terminal Market and related technologies.
2) Analyses of Asia Pacific NFC POS Terminal market trends, with data from 2018, estimates for 2019 and 2020, and projections of compound annual growth rates (CAGRs) through 2027.
3) Identifications of new market opportunities and targeted promotional plans for Asia Pacific NFC POS Terminal Market
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.

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This release was published on openPR.