Fixed Segment to Dominate SAM NFC POS Terminal market during 2019–2027

According to a new market research study on “South America NFC POS Terminal Market Forecast to 2027 – COVID-19 Impact and Regional Analysis by Product Type (Mobile and Fixed); Application (Entertainment, Healthcare, Hospitality, Retail, and Others), and Country” is expected to reach US$ 635.0 Mn by 2027 from US$ 181.1 Mn in 2019. The market is estimated to grow at a CAGR of 17.3% from 2020 to 2027. The report provides trends prevailing in the SAM NFC POS Terminal market along with the drivers and restraints pertaining to the market growth. Enlargement in Adoption of NFC POS Solutions in Retail Sector are the major factor driving the growth of the SAM NFC POS Terminal market. However, Affect Associated with Installation Cost and Transaction Limit hinder the growth of SAM NFC POS Terminal market.

The market for SAM NFC POS Terminal market is segmented into product type, application and country. Based on product type, the market is segmented into mobile and fixed. In 2019, the Fixed segment held the largest share SAM NFC POS Terminal market.  Based on application type market is segmented into entertainment, healthcare, hospitality, retail and others.

Brazil has the largest number of cases with COVID-19, followed by Ecuador, Chile, Peru, and Argentina amongst others. The covid-19 pandemic has led to the closure of all economic activities across the region, in order to combat the spread of the virus. This situation of lockdown has adversely affected the retail industry across the region, thereby leading to complete shutdown of retail outlets. This has shifted consumer preference and according to studies, this shift is also expected to prevail post pandemic situation. This is thus expected to negatively affect the adoption of advanced solutions across the retail sector such as NFC POS terminals, thereby adversely impacting the market during the pandemic situation.

VeriFone, Inc, Fiserv, Inc, Ingenico Group, NEC Corporation are among the leading companies in the SAM NFC POS Terminal market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, Verifone, a provider of self-service devices, POS terminals and modular payment components acquired Zivelo, the companies confirmed to Kiosk Marketplace.

Brazil has the highest number of cases with COVID-19, followed by Ecuador, Chile, Peru, and Argentina. In order to combat the spread of the virus, all economic activities across the region were temporarily shut down. This situation of lockdown has adversely affected the retail industry across the region, thereby leading to complete shutdown of retail outlets. This has shifted consumer preference, and according to studies, this shift is also expected to prevail post-pandemic situation. This is expected to negatively affect the adoption of advanced solutions across the retail sector such as NFC POS terminals, thereby adversely impacting the market during the pandemic situation.

The report segments the SAM NFC POS Terminal market as follows:

SAM NFC POS Terminal market – By Cable Type

• Fixed
• Mobile

SAM NFC POS Terminal market – By Application Type

• Retail
• Hospitality
• Entertainment
• Healthcare
• Others

SAM NFC POS Terminal market – By Country

• Brazil
• Argentina
• Rest of SAM

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com