Global Contactless PoS Terminals Market - Analysis, Technologies & Forecasts to 2021 - Key Vendors are Ingenico, PAX Technology, SZZT Electronics & Verifone Systems - Research and Markets

DUBLIN--()--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.

Key vendors

  • Ingenico
  • PAX Technology
  • SZZT Electronics
  • Verifone Systems

Other Prominent Vendors

  • CyberNet
  • Equinox Payments
  • First Data
  • NCR
  • Spire Payments

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

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Point of Sale Equipment

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Point of Sale Equipment