DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Contactless PoS Terminals Market 2017-2021" report to their offering.
The global contactless PoS terminals market to grow at a CAGR of 25.64% during the period 2017-2021.
The 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.
The latest trend gaining momentum in the market is mobile phone OEMs coming up with magnetic secure transmission (MST) technology. Some of the smartphones by vendors like Samsung have MST technology inbuilt in their recent smartphones. They can emit a magnetic signal that mimics the magnetic strip on a traditional payment card. The technology enables the phones to send magnetic signals to the traditional card-reading POS terminals, which facilitate the payment. Therefore, merchants with POS terminals need not upgrade their software or any of their hardware components.
According to the report, one of the major drivers for this market is increased number of card transactions. The rising number of credit and debit cards and the increase in the use of these cards for payment transactions by consumers are encouraging the merchants to opt for POS terminals during checkout. With an increase in the number of card transactions, enterprises that were earlier reluctant to adopt payment mechanisms involving cards are now more likely to consider them.
- PAX Technology
- SZZT Electronics
Other Prominent Vendors
- Equinox Payments
- First Data
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end-user
PART 07: Geographical segmentation
PART 08: Key leading countries
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/bpklh4/global