Today: September 27, 2016, 5:35 am

NFC POS terminals market penetration in Asia is relatively low
Global NFC POS Terminals Market 2014-2018 - a new market research report on 2014-04-30 08:03:01
The penetration rate of NFC technology in the Transportation sector is very high. In the Americas and the EMEA region, NFC technology is widely employed for ticketing. However, the penetration rate of this technology is low in the APAC region. NFC-based ticketing systems require mobile NFC POS terminals, which are deployed in public transport vehicles. The use of NFC POS terminals in public transport vehicles has facilitated high flexibility while carrying out transactions through NFC-enabled devices and has helped reduce the use of paper. NFC technology is also expected to be incorporated in check-in and passport verification systems at airports. Factors like these are expected to foster the demand for NFC POS terminals, which in turn is expected to propel the growth of the market during the forecast period.

The growth of the Global NFC POS Terminals market is driven by several factors, the most important of which is the increasing penetration of NFC-based mobile handsets. As a result of the increasing popularity of NFC technology, numerous mobile manufacturers are integrating this technology in their handsets. Moreover, with the increasing popularity of NFC technology, there has been an increase in the adoption of NFC-based handsets, thereby driving the demand for NFC POS terminals.

Further, one of the key challenges in the market is the high cost of NFC POS terminals. As a result of the high cost, their demand is low in the market. For instance, merchants operating at low profit margins tend to postpone or put off their plans to purchase these terminals, despite the many advantages associated with them. This has led to low penetration of NFC POS terminals in the market.

The key players operating in the global NFC POS terminals market include First Data Corp., Ingenico SA, Pax Technology Ltd., and VeriFone Systems Inc.

The global NFC POS terminals market is forecast to increase at a CAGR of 57.9 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing penetration of NFC-based mobile handsets. The Global NFC POS Terminals has also been witnessing the increasing penetration of NFC POS terminals in the Transportation sector for ticketing transactions. However, the high cost of NFC POS terminals could pose a challenge to the growth of this market.

Other vendors operating in the market are Cybernet Inc., Equinox Payments, Heartland Payment Systems, and SZZT Electronics Co. Ltd.

Click for report details: ..

Browse all Information Technology Market Research Reports ..

Browse all Information Technology Company Profile Reports ..

Browse all Latest Market Research Reports ..

About Us is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles,’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.

Press Information

Published by
Mike King
London: +44 (0) 203 086 8600

# 600 Words
Related Articles
More From Finance
P2P lending platform Monexo partners with IDBI-Trusteeship [..]
For Immediate Release: 2nd September 2016 MUKESH BUBNA, CEO Monexo Fintech Pvt Limited P2P [..]
Day Trade to Win New September Class [..]
Sold Out? New Class Added – On September 6, 2016, is launching a brand new eight-week trading boot camp [..]
FTM (Forget The Market) Reopens 3 Shares [..]
Port Vila, Vanuatu, 28th July 2016 - Investment firm FTM today announced the reopening of three separate share options, projected [..]
Ex-Citibanker Launching Online P2P marketplace in India [..]
A study conducted by World Bank shows that MSMEs in India face an estimated credit gap of INR 20.9 trillion [..]
New Frontier Portfolios Top Morningstar Rankings
New Frontier’s global strategic portfolios topped the Global Balanced Strategic/All-Inclusive category of the latest Morningstar ETF [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.