Europe 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)

TIPRE00021072 | Pages: 76 | Electronics and Semiconductor | Apr 2021 | Type: Regional | Status: Published

Market Introduction

Europe is characterized by solid economic and manufacturing capabilities. The main contributors to the NFC POS terminal market in Europe are France, Germany, Italy, Russia, the UK, and the Rest of Europe. Several major industries, such as machinery & equipment, retail, pulp & paper, automotive, pharmaceuticals and others, constitute the European zone.

Digitalization is gaining importance in grocery stores in the European market. Ahold Delhaize, REWE Combine, Tesco PLC, IKEA Group, Inditex, LVMH Moët Hennessy-Louis Vuitton S.A., Carrefour, and Auchan Holding SA, are some of the largest retail companies operating in Europe. The group of retail firms listed above consists of supermarkets, hypermarkets, and specialty stores. The above-mentioned retail stores are also among the region's top 25 retailers; thus, there would be a clear momentum to build advanced payment solutions across the outlets. In addition, corner shops appear to be an optimistic industry in the area for small retailers, such as mom and pop stores. Due to the growing buying potential of the masses, many new shops and retail stores are emerging in the area.

Europe's retail sector is not homogeneous; so many countries in the region are at different stages of retail growth. The mature retail markets are Germany, France, and the UK, while Turkey and Russia are still considered to be in the developing process. The UK, Germany, and France dominate over half of the Western European retail market. Moreover, in the last few years, the evolving process of retail in Russia, the Czech Republic, and Poland has witnessed the entry of numerous new retailers and, thus, their retail industry would continue to expand. Thus, the continuous rise in the retail sector coupled with the adoption of technologically advanced payment solutions is contributing to the growth of the NFC POS terminal market in the region.

As selected countries, observed a rise in the number of reported cases and subsequently attracted strict as well as longer lockdown periods or social isolation, the effect of COVID-19 varied from country to country throughout the European region. However, due to the strong healthcare system, Western European countries such as Germany, France, Russia, the United Kingdom and others have seen a comparatively modest decrease in their development activities. The retail sector in the country has been severely affected due to the outbreak of the corona virus across the region. According to the association of retailers and landlords in the London's West End, the shopping across the region was down 75% compared to last year. Europe’s consumer behavior has also experienced a shift to buying goods online and from local areas (mom and pop stores) to avoid crowd. For instance, according to studies, 46% of consumers across Europe aim to shop more locally in the long term than they did before the pandemic. This in turn is reducing the investments of the region in retail infrastructures and their technological advancements, thereby reducing the demand for any point of sale systems across the region. These factors are expected to negatively affect the growth of MFC POS terminal market across the region.


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Market Overview and Dynamics

The NFC POS Terminal market in Europe is expected to grow from US$ 759.8 Mn in 2019 to US$ 2423.2 Mn by 2027; it is estimated to grow at a CAGR of 15.9% from 2020 to 2027.Escalation 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 US among others—are vigorously carrying out large-scale industrialization and infrastructure developments.

Moreover, Increment 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 Europe 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 Europe 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 Europe 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 Castles Technology, VeriFone, Inc, Fiserv, Inc, NFC POS Terminal Company (MICC) Ltd., Thermocoax Group, Thermon, and Valin.

Reasons to buy report

  • To understand the Europe 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 Europe NFC POS Terminal Market
  • Efficiently plan M&A and partnership deals in Europe 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 Europe NFC POS Terminal Market
  • Obtain market revenue forecast for market by various segments from 2020-2027 in Europe region.

 

 

Europe NFC POS Terminal Market SEGMENTATION

Europe NFC POS Terminal MarketBy Product Type

  • Fixed
  • Mobile

 

Europe NFC POS Terminal MarketBy Application

  • Retail
  • Hospitality
  • Entertainment
  • Healthcare
  • Others

 

Europe NFC POS Terminal Market, by Country

  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe

 

 

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        Europe NFC POS Terminal Market – By Product Type

1.3.2        Europe NFC POS Terminal Market – By Application

1.3.3        Europe NFC POS Terminal Market – By Country

2.             Key Takeaways

3.             Research Methodology

3.1       Coverage

3.2       Secondary Research

3.3       Primary Research

4.             Europe NFC POS Terminal Market Landscape

4.1       Market Overview

4.2       PEST Analysis

4.2.1        Europe

4.3       Ecosystem Analysis

4.4       Expert Opinion

5.             Europe NFC POS Terminal Market – Key Market Dynamics

5.1       Market Drivers

5.1.1        Escalation in Adoption of NFC POS Solutions in Retail Sector

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

5.2       Market Restraints

5.2.1        Concerns Associated with Installation Cost and Transaction Limit

5.3       Market Opportunities

5.3.1        Surge in Adoption of Contactless Payment

5.4       Future Trends

5.4.1        Growth in Mobile Payments Worldwide

5.5       Impact Analysis of Drivers and Restraints

6.             NFC POS Terminal market –Europe Analysis

6.1       Europe NFC POS Terminal market Overview

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

6.3       Market Positioning – Five Key Players

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

7.1       Overview

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

7.3       Mobile

7.3.1        Overview

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

7.4       Fixed

7.4.1        Overview

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

8.             Europe NFC POS Terminal Market Analysis – By Application

8.1       Overview

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

8.3       Entertainment

8.3.1        Overview

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

8.4       Healthcare

8.4.1        Overview

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

8.5       Hospitality

8.5.1        Overview

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

8.6       Retail

8.6.1        Overview

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

8.7       Others

8.7.1        Overview

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

9.             NFC POS Terminal Market –Country Analysis

9.1       Overview

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

9.1.2        Europe: NFC POS Terminal Market, by Product Type

9.1.3        Europe: NFC POS Terminal Market, by Application

9.1.4        Europe: NFC POS Terminal Market, by Key Country

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

9.1.4.1.1       Germany: NFC POS Terminal Market, by Product Type

9.1.4.1.2       Germany: NFC POS Terminal Market, by Application

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

9.1.4.2.1       France: NFC POS Terminal Market, by Product Type

9.1.4.2.2       France: NFC POS Terminal Market, by Application

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

9.1.4.3.1       Italy: NFC POS Terminal Market, by Product Type

9.1.4.3.2       Italy: NFC POS Terminal Market, by Application

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

9.1.4.4.1       UK: NFC POS Terminal Market, by Product Type

9.1.4.4.2       UK: NFC POS Terminal Market, by Application

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

9.1.4.5.1       Russia: NFC POS Terminal Market, by Product Type

9.1.4.5.2       Russia: NFC POS Terminal Market, by Application

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

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

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

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

10.1    Europe: 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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

LIST OF FIGURES

Figure 1.           Europe NFC POS Terminal Market Segmentation

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

Figure 3.           Europe NFC POS Terminal Market Overview

Figure 4.           Europe NFC POS Terminal Market by Product Type

Figure 5.           Europe NFC POS Terminal Market by Application

Figure 6.           Europe NFC POS Terminal Market by Country

Figure 7.           Europe: PEST Analysis

Figure 8.           NFC POS Terminal market Ecosystem Analysis

Figure 9.           Europe NFC POS Terminal market Expert Opinion

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 25.        Europe: AI in computer Vision Market Revenue Share, by Key Country (2019 and 2027)

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

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

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

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

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

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

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

 

  1. Castles Technology
  2. VeriFone, Inc
  3. Fiserv, Inc
  4. PAX Global Technology
  5. Ingenico Group
  6. NEC Corporation
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe 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 Europe 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 Europe 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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