Asia Pacific NFC POS Terminal Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product Type (Mobile and Fixed) and Application (Entertainment, Healthcare, Hospitality, Retail, and Others)

TIPRE00021070 | Pages: 75 | Electronics and Semiconductor | Apr 2021 | Type: Regional | Status: Published

The APAC market for NFC POS terminal is segmented into countries. In 2019, China led the APAC NFC POS terminal market with more than 30% revenue share, followed by Japan and South Korea. The rising use of NFC-enabled smartphones is accelerating the use of NFC POS terminals for payments in industries such as retail and healthcare in the region. The rising number of department stores and growing demand for advanced technologies with an objective to gather real-time information is also surging the market in APAC. The rising security concerns due to cyberattacks and increasing government initiative are factors contributing to the growth of APAC NFC POS terminal market in the region.

Advantages such as secure, fast, and swift transactions via NFC POS terminals have led consumers to opt for electronic payments; thus, the popularity of NFC in various countries is surging to meet the growing consumer needs. The growth in investment in the retail to adopt advanced solutions for better management of the outlets is likely to influence the growth of the market in APAC.

APAC is likely to account for the highest CAGR during the forecast period. The rising adoption of advanced technologies in retail, entertainment, and healthcare industries in countries such as China, India, Japan, South Korea drives the adoption rate of NFC POS. Companies are highly investing in mPOS to streamline their payment operations. The presence of fast-growing economics, mounting technology adoption, increasing penetration of NFC-enabled phones are among the prime factors expected to drive the growth of the NFC POS market. Because of a massive number of cases in China, the APAC region is greatly affected by the COVID-19 outbreak. The country is the most important manufacturer and industrial producer because it trades more manufacturing products than any other country in the world; it is also a world leader in many types of goods. According to the Organization for Economic Co-operation and Development (OECD), the pandemic has also affected other major economies outside China, such South Korea, India, Australia and Japan, and is experiencing downward inflation. The large presence of small and medium retailers across the region has created a huge demand for NFC POS terminals across the region. However, the sudden lockdown owing to the outbreak of the pandemic have negatively impacted the retail sector specially hypermarkets, supermarket, and specialty stores amongst others. The severe impact of covid-19 on the region has also shifted the consumer buying behaviour from offline mode to online mode. For instance, India has recorded an increase in e-commerce by 53% during the period. Thus, the shift from offline stores to online buying by the population across the region is expected to negatively impact the NFC POS terminal market across the region over the years.

 

 


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Market Overview and Dynamics

The NFC POS Terminal market in Asia Pacific is expected to grow from US$ 1042.8 Mn in 2019 to US$ 4240.0 Mn by 2027; it is estimated to grow at a CAGR of 19.5% from 2020 to 2027. Appreciation in Adoption of NFC POS Solutions in Retail Sector in developed countries has led to increase in the adoption of NFC POS Terminal. Countries with high GDP—the among others—are vigorously carrying out large-scale industrialization and infrastructure developments.

Moreover, Flourishing in Preference for NFC-Compatible Smartphones for Payment Among Global Population are further expected to bolster the market growth. This is bolstering the growth of the NFC POS terminal Market

Key Market Segments

The market for Asia Pacific 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 Asia Pacific NFC POS Terminal market.  Based on application type market is segmented into entertainment, healthcare, hospitality, retail and others.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the Asia Pacific NFC POS Terminal Market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are market Castles Technology, VeriFone, Inc, Fiserv, Inc, NFC POS Terminal Company (MICC) Ltd., Thermocoax Group, Thermon, and SZZT Electronics Shenzhen.

Reasons to buy report

  • To understand the Asia Pacific NFC POS Terminal Market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for Asia Pacific NFC POS Terminal Market
  • Efficiently plan M&A and partnership deals in Asia Pacific NFC POS Terminal Market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Asia Pacific NFC POS Terminal Market
  • Obtain market revenue forecast for market by various segments from 2020-2027 in Asia Pacific region. 

 

Asia Pacific NFC POS Terminal Market SEGMENTATION

Asia Pacific NFC POS Terminal MarketBy Product Type

  • Fixed
  • Mobile

 

Asia Pacific NFC POS Terminal MarketBy Application

  • Retail
  • Hospitality
  • Entertainment
  • Healthcare
  • Others

 

Asia Pacific NFC POS Terminal Market, by Country

  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Rest of Asia Pacific

 

Company Profile

  • Castles Technology
  • VeriFone, Inc
  • Fiserv, Inc
  • PAX Global Technology
  • Ingenico Group
  • NEC Corporation

1.             Introduction

1.1       Study Scope

1.2       The Insight Partners Research Report Guidance

1.3       Market Segmentation

1.3.1        APAC NFC POS Terminal Market – By Product Type

1.3.2        APAC NFC POS Terminal Market – By Application

1.3.3        APAC NFC POS Terminal Market – By Country

2.             Key Takeaways

3.             Research Methodology

3.1       Coverage

3.2       Secondary Research

3.3       Primary Research

4.             NFC POS Terminal Market Landscape

4.1       Market Overview

4.2       PEST Analysis

4.2.1        Asia Pacific

4.3       Ecosystem Analysis

4.4       Expert Opinion

5.             APAC NFC POS Terminal Market – Key Market Dynamics

5.1       Market Drivers

5.1.1        Appreciation in  Adoption of NFC POS Solutions in Retail Sector

5.1.2        Flourishing in  Preference for NFC-Compatible Smartphones for Payment Among Population

5.2       Market Restraints

5.2.1        Affect Associated with Installation Cost and Transaction Limit

5.3       Market Opportunities

5.3.1        Increase in Adoption of Contactless Payment

5.4       Future Trends

5.4.1        Increment in Mobile Payments Worldwide

5.5       Impact Analysis of Drivers and Restraints

6.             NFC POS Terminal market –APAC Analysis

6.1       APAC NFC POS Terminal market Overview

6.2       APAC NFC POS Terminal market – Revenue and Forecast to 2027 (US$ Million)

6.3       Market Positioning – Five Key Players

7.             APAC NFC POS Terminal Market Analysis – By Product Type

7.1       Overview

7.2       APAC NFC POS Terminal market Breakdown, by Product Type, 2019 & 2027

7.3       Mobile

7.3.1        Overview

7.3.2        Mobile: APAC NFC POS Terminal Market – Revenue and Forecast to 2027 (US$ Million)

7.4       Fixed

7.4.1        Overview

7.4.2        Fixed: APAC NFC POS Terminal Market – Revenue and Forecast to 2027 (US$ Million)

8.             APAC NFC POS Terminal Market Analysis – By Application

8.1       Overview

8.2       APAC NFC POS Terminal Market, by Application (2019 and 2027)

8.3       Entertainment

8.3.1        Overview

8.3.2        Entertainment: APAC NFC POS Terminal Market – Revenue and Forecast to 2027 (US$ Million)

8.4       Healthcare

8.4.1        Overview

8.4.2        Healthcare: APAC NFC POS Terminal Market – Revenue and Forecast to 2027 (US$ Million)

8.5       Hospitality

8.5.1        Overview

8.5.2        Hospitality: APAC NFC POS Terminal Market – Revenue and Forecast to 2027 (US$ Million)

8.6       Retail

8.6.1        Overview

8.6.2        Retail: APAC NFC POS Terminal Market – Revenue and Forecast to 2027 (US$ Million)

8.7       Others

8.7.1        Overview

8.7.2        Others: APAC NFC POS Terminal Market – Revenue and Forecast to 2027 (US$ Million)

9.             NFC POS Terminal Market –Country Analysis

9.1       Overview

9.1.1        APAC: NFC POS Terminal Market – Revenue and Forecast to 2027 (US$ Million)

9.1.2        APAC: NFC POS Terminal Market, by Product Type

9.1.3        APAC: NFC POS Terminal Market, by Application

9.1.4        APAC: NFC POS Terminal Market, by Key Country

9.1.4.1      Australia: NFC POS Terminal Market – Revenue and Forecast to 2027 (US$ Million)

9.1.4.1.1       Australia: NFC POS Terminal Market, by Product Type

9.1.4.1.2       Australia: NFC POS Terminal Market, by Application

9.1.4.2      China: NFC POS Terminal Market – Revenue and Forecast to 2027 (US$ Million)

9.1.4.2.1       China: NFC POS Terminal Market, by Product Type

9.1.4.2.2       China: NFC POS Terminal Market, by Application

9.1.4.3      India: NFC POS Terminal Market – Revenue and Forecast to 2027 (US$ Million)

9.1.4.3.1       India: NFC POS Terminal Market, by Product Type

9.1.4.3.2       India: NFC POS Terminal Market, by Application

9.1.4.4      Japan: NFC POS Terminal Market – Revenue and Forecast to 2027 (US$ Million)

9.1.4.4.1       Japan: NFC POS Terminal Market, by Product Type

9.1.4.4.2       Japan: NFC POS Terminal Market, by Application

9.1.4.5      South Korea: NFC POS Terminal Market – Revenue and Forecast to 2027 (US$ Million)

9.1.4.5.1       South Korea: NFC POS Terminal Market, by Product Type

9.1.4.5.2       South Korea: NFC POS Terminal Market, by Application

9.1.4.6      Rest of APAC: NFC POS Terminal Market – Revenue and Forecast to 2027 (US$ Million)

9.1.4.6.1       Rest of APAC: NFC POS Terminal Market, by Product Type

9.1.4.6.2       Rest of APAC: NFC POS Terminal Market, by Application

10.          Impact of COVID-19 Pandemic on APAC NFC POS Terminal Market

10.1    Asia Pacific: Impact Assessment of COVID-19 Pandemic

11.          Industry Landscape

11.1    Overview

11.2    Market Initiative

11.3    Merger and Acquisition

12.          Company Profiles

12.1    Castles Technology Co., Ltd

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2    VeriFone, Inc.

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3    Fiserv, Inc.

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4    PAX Global Technology Limited

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5    Ingenico Group S.A.

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6    NEC Corporation

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7    SZZT Electronics Shenzhen Co., Ltd.

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

13.          Appendix

13.1    About The Insight Partners

13.2       Word Index

LIST OF TABLES

Table 1.             NFC POS Terminal market – Revenue and Forecast to 2027 (US$ Million)

Table 2.             APAC: NFC POS Terminal Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)

Table 3.             APAC: NFC POS Terminal Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 4.             Australia: NFC POS Terminal Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)

Table 5.             Australia: NFC POS Terminal Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 6.             China: NFC POS Terminal Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)

Table 7.             China: NFC POS Terminal Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 8.             India: NFC POS Terminal Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)

Table 9.             India: NFC POS Terminal Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 10.          Japan: NFC POS Terminal Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)

Table 11.          Japan: NFC POS Terminal Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 12.          South Korea: NFC POS Terminal Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)

Table 13.          South Korea: NFC POS Terminal Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 14.          Rest of APAC: NFC POS Terminal Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)

Table 15.              Rest of APAC: NFC POS Terminal Market, by Application –Revenue and Forecast to 2027 (US$ Million) 

LIST OF FIGURES

Figure 1.           APAC NFC POS Terminal Market Segmentation

Figure 2.           APAC NFC POS Terminal Market Segmentation – By Country

Figure 3.           APAC NFC POS Terminal Market Overview

Figure 4.           APAC NFC POS Terminal Market by Product Type

Figure 5.           APAC NFC POS Terminal Market by Application

Figure 6.           APAC NFC POS Terminal Market by Country

Figure 7.           APAC: PEST Analysis

Figure 8.           NFC POS Terminal market Ecosystem Analysis

Figure 9.           APAC NFC POS Terminal market Expert Opinion

Figure 10.        NFC POS Terminal Market Impact Analysis of Drivers and Restraints

Figure 11.        APAC NFC POS Terminal market – Revenue and Forecast to 2027 (US$ Million)

Figure 12.        NFC POS Terminal market Breakdown, by Product Type (2019 and 2027)

Figure 13.        Mobile: APAC NFC POS Terminal Market – Revenue and Forecast to 2027 (US$ Million)

Figure 14.        Fixed: APAC NFC POS Terminal Market – Revenue and Forecast to 2027 (US$ Million)

Figure 15.        APAC NFC POS Terminal Market Revenue Share, by Application (2019 and 2027)

Figure 16.        Entertainment:  APAC NFC POS Terminal – Revenue and Forecast to 2027 (US$ Million)

Figure 17.        Healthcare: APAC NFC POS Terminal Market – Revenue and Forecast to 2027 (US$ Million)

Figure 18.        Hospitality: APAC NFC POS Terminal Market – Revenue and Forecast to 2027 (US$ Million)

Figure 19.        Retail: APAC NFC POS Terminal Market – Revenue and Forecast to 2027 (US$ Million)

Figure 20.        Others: APAC NFC POS Terminal Market – Revenue and Forecast to 2027 (US$ Million)

Figure 21.        APAC: NFC POS Terminal Market by Key Country – Revenue (2019) (USD Million)

Figure 22.        APAC: NFC POS Terminal Market – Revenue and Forecast to 2027 (US$ Million)

Figure 23.        APAC: NFC POS Terminal Market Revenue Share, by Product Type (2019 and 2027)

Figure 24.        APAC: NFC POS Terminal Market Revenue Share, by Application (2019 and 2027)

Figure 25.        APAC: NFC POS Terminal Market Revenue Share, by Key Country (2019 and 2027)

Figure 26.        Australia: NFC POS Terminal Market – Revenue and Forecast to 2027 (US$ Million)

Figure 27.        China: NFC POS Terminal Market – Revenue and Forecast to 2027 (US$ Million)

Figure 28.        India: NFC POS Terminal Market – Revenue and Forecast to 2027 (US$ Million)

Figure 29.        Japan: NFC POS Terminal Market – Revenue and Forecast to 2027 (US$ Million)

Figure 30.        South Korea: NFC POS Terminal Market – Revenue and Forecast to 2027 (US$ Million)

Figure 31.        Rest of APAC: NFC POS Terminal Market – Revenue and Forecast to 2027 (US$ Million)

Figure 32.        Impact of COVID-19 Pandemic in Asia Pacific Country Markets

 

  1. Castles Technology
  2. VeriFone, Inc
  3. Fiserv, Inc
  4. PAX Global Technology
  5. Ingenico Group
  6. NEC Corporation
  7. SZZT Electronics Shenzhen
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific NFC POS Terminal market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific NFC POS Terminal market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the NFC POS Terminal market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

 

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