- Global NFC POS Terminals Market to grow at a CAGR of 57.9 percent
TechNavio, the independent London-based global research firm, today announced the publication of its research report on the Global NFC POS Terminals Market. The report highlights NFC technology in the transportation sector as a key trend affecting this market. The findings are for the forecast period 2014-2018.
As per research analysis, the Americas is the highest contributor to this market owing to the early adoption of NFC technology in this area. The Retail, Hospitality, Banking, Financial Services and Insurance (BFSI), and Transportation sectors account for a major part of the demand for NFC POS terminals. Moreover, rapid technological advancement in the Americas is also leading to increased demand for improved information management systems. Furthermore, the focus on data integration, the growing need for mobile connectivity for POS systems, and the demand for technologically advanced asset management are also propelling the growth of the market in the Americas.
Speaking on this occasion, one of the senior analyst and co-author of this report stated that, “as the market mature, there will be increasing implementation of NFC Technology for check-in and passport verification systems at airports, fostering the demand for NFC POS terminals, which in turn will be propelling the growth of the market during the forecast period.”
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentation, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global NFC POS Terminals Market 2014-2018, please send an e-mail to media@TechNavio.com
About TechNavio
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of Global NFC POS Terminals Market. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.
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