Press release
Forecast The Global Contactless PoS Terminals Market To Grow at a CAGR of 25.64% during the period 2017-2021
A POS terminal refers to a system that is used to facilitate easy and faster checkout for customers at different outlets. A standard POS system consists of a computer, monitor, cash drawer, receipt printer, barcode scanner, POS software, weight scale, and credit and debit card readers.
Technavios analysts forecast the global contactless PoS terminals market to grow at a CAGR of 25.64% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global contactless PoS terminals market for 2017-2021. To calculate the market size, the report considers the from the sales of contactless POS terminals, transaction fees, and other fees such as monthly fees charged by vendors on the merchants.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Contactless PoS Terminals Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Ingenico
PAX Technology
SZZT Electronics
Verifone Systems
Other prominent vendors
CyberNet
Equinox Payments
First Data
NCR
Spire Payments
Market driver
Increased number of card transactions
For a full, detailed list, view our report
Market challenge
Amount limit per transaction
For a full, detailed list, view our report
Market trend
Mobile phone OEMs coming up with magnetic secure transmission (MST) technology
For a full, detailed list, view our report
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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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