Press release
Contactless PoS Terminal Market Likely To Boost Future Growth by PAX Technology, Ingenico Group, NCR, Verifone
Contactless PoS Terminal Market
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The term contactless payment refers to a secure method for consumers to purchase products or services using a debit, credit, smartcard, or another payment device by using radio frequency identification (RFID) technology and near-field communication (NFC). A terminal with contactless functionality, supporting it to accept contactless payments, comprising payments from contactless chip cards, mobile NFC devices that are enabled with payment applications and authorizations and dual interface chip cards. Contactless payment applications exist in a point-of-sale (PoS) terminal in accordance with multiple application kernels, one of each supported payment network.
On the basis of types, the Contactless PoS Terminal market:
Contactless Credit Card
Contactless Debit Card
Contactless Mobile Payment
Contactless Wearables
Other Payment Modes
On the basis of applications, the Contactless PoS Terminal market:
Retail
Hospitality
Players Included in Research Coverage: PAX Technology, Ingenico Group, NCR, Verifone, First Data.
Additionally, Past Global Contactless PoS Terminal Market data breakdown, Market Entropy to understand development activity and Patent Analysis*, Competitors SWOT analysis, Product Specifications, and Peer Group Analysis including financial metrics are covered.
Market Drivers:
Increasing Adoption Of Smart Devices
Technical Progress In the Smart Device Industry
Rising Awareness Of Plastic Money Among The Buyers
Market Trend:
High Investments In Smart Wiring R&D
Advancement In Contactless Payment Technology
Restraints:
Lack of Trained Professionals
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Research Objectives:
• Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
• To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
• To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
• To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
• To deliberately profile the key players and systematically examine their growth strategies.
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
Geographically, the following regions together with the listed national/local markets are fully investigated:
• APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)
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Thanks for reading this article, buy an individual chapter if not interested in a full study or avail of regional or limited scope reports like America or West Europe, or East Asia & Pacific or Country Specific reports like Japan, China, United States, and the United Kingdom, etc.
Contact Us:
Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +1 434 322 0091
sales@htfmarketintelligence.com
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About Author:
HTF Market Intelligence consulting is uniquely positioned empower and inspire with research and consulting services to empower businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist in decision making.
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