North America 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)

TIPRE00021084 | Pages: 72 | Electronics and Semiconductor | Apr 2021 | Type: Regional | Status: Published

Market Introduction

NFC is a wireless data transfer method that enables data to be exchanged in proximity by smartphones, laptops, tablets, and other devices. Via mobile wallets such as Apple Pay, Android Pay, as well as contactless cards, NFC technology powers contactless payments. The rising number of the supermarket, specialty store, and hypermarket are raising demand for the NFC POS terminal across them.

Some of the factors stimulating the market for NFC POS terminal include an increasing preference for NFC-compatible smartphones for payment among population. While in the mid-2000s, Near Field Communication or NFC was developed jointly by Philips and Sony, over the years, the technology has evolved for different use cases. With 3.4 billion active smartphones in the world today, mobile penetration is at an all-time high. There are 2 billion computers, mostly tablets that can be NFC-enabled. Increased penetration of NFC-based mobile handsets is one of the main factors contributing to the growth of the NFC POS terminal industry. The increasing use of NFC-enabled smartphones is likely to expand the use of NFC POS terminals for payments and digital exchange in the transportation, retail, and healthcare industries.

In our study, we have segmented the NFC POS terminal market by product type, and application. The product type segment of NFC POS terminal market includes mobile, fixed. Based on application, the NFC POS terminal market is segmented into entertainment, healthcare, hospitality, retail and others. Based on country, the NFC POS terminal market is analyzed into North America.

The market players present in North America NFC POS terminal market are mainly focusing on the product enhancements by implementation of advanced technologies. The large firms are adopting the strategy of acquisition and collaboration with the various companies for enhancing its capabilities and expanding its footprint. This type of strategy allows the companies for strengthening its footprint in the market. Also, key market players influencing the market are profiled in the study along with their SWOT analysis and market strategies.

North America has the highest adoption and growth rate of new technologies owing to favorable government policies to boost innovation and strengthen the infrastructural capabilities. Hence, any impact on industries is expected to affect the economic growth of the region in a negative manner. Presently, the US is the world’s worst affected country due to COVID-19 outbreak thereby influencing the high adoption of online shopping across the country. For instance, according to studies, Amazon recorded an increase in sales by 37% owing to the covid-19 pandemic. It is becoming apparent with the COVID-19 pandemic spreading across the United States that few can escape its scope, presenting significant challenges to all industries. The close down of all retail outlets by the government authorities coupled with the social distancing norms laid down by them is affecting the investments by retail outlets on any kind of technological advancements. For instance, the sales of online grocery segment across the United States, recorded an increase by 210.1% due to the pandemic. This rise in online sales of consumables is decreasing the dependency of the region’s population on brick and mortar stores. Thus, the above-mentioned factors are adversely affecting the NFC POS terminal market over the years.


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Market Overview and Dynamics

The NFC POS Terminal market in North America is expected to grow from US$ 1145.4 Mn in 2019 to US$ 3224.9 Mn by 2027; it is estimated to grow at a CAGR of 14.1% from 2020 to 2027. Rising 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, Increasing 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 North America 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 North America 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 North America 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, Equinox Payments, Clover Network, Heartland Payment Systems, VeriFone, Inc, Fiserv, Inc, NFC POS Terminal Company (MICC) Ltd., Thermocoax Group, Thermon, and Valin.

Reasons to buy report

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

 

North America NFC POS Terminal Market SEGMENTATION

North America NFC POS Terminal MarketBy Product Type

  • Fixed
  • Mobile

 

North America NFC POS Terminal MarketBy Application

  • Retail
  • Hospitality
  • Entertainment
  • Healthcare
  • Others

 

North America NFC POS Terminal Market, by Country

  • US
  • Canada
  • Mexico

 

Company Profile

  • Castles Technology
  • Equinox Payments
  • Clover Network
  • Heartland Payment Systems
  • 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        North America NFC POS Terminal Market – By Product Type

1.3.2        North America NFC POS Terminal Market – By Application

1.3.3        North America NFC POS Terminal Market – By Country

2.             Key Takeaways

3.             Research Methodology

3.1       Coverage

3.2       Secondary Research

3.3       Primary Research

4.             North America NFC POS Terminal Market Landscape

4.1       Market Overview

4.2       PEST Analysis

4.2.1        North America

4.3       Ecosystem Analysis

4.4       Expert Opinion

5.             North America NFC POS Terminal Market – Key Market Dynamics

5.1       Market Drivers

5.1.1        Rising Adoption of NFC POS Solutions in Retail Sector

5.1.2        Increasing 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        Growth in Adoption of Contactless Payment

5.4       Future Trends

5.4.1        Surge in Mobile Payments Worldwide

5.5       Impact Analysis of Drivers and Restraints

6.             NFC POS Terminal market –North America Analysis

6.1       North America NFC POS Terminal market Overview

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

6.3       North America Market Positioning – Five Key Players

7.             North America NFC POS Terminal Market Analysis – By Product Type

7.1       Overview

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

7.3       Mobile

7.3.1        Overview

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

7.4       Fixed

7.4.1        Overview

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

8.             North America NFC POS Terminal Market Analysis – By Application

8.1       Overview

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

8.3       Entertainment

8.3.1        Overview

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

8.4       Healthcare

8.4.1        Overview

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

8.5       Hospitality

8.5.1        Overview

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

8.6       Retail

8.6.1        Overview

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

8.7       Others

8.7.1        Overview

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

9.             NFC POS Terminal Market –Country Analysis

9.1       Overview

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

9.1.2        North America: NFC POS Terminal Market, by Product Type

9.1.3        North America: NFC POS Terminal Market, by Application

9.1.4        North America: NFC POS Terminal Market, by Key Country

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

9.1.4.1.1       US: NFC POS Terminal Market, by Product Type

9.1.4.1.2       US: NFC POS Terminal Market, by Application

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

9.1.4.2.1       Canada: NFC POS Terminal Market, by Product Type

9.1.4.2.2       Canada: NFC POS Terminal Market, by Application

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

9.1.4.3.1       Mexico: NFC POS Terminal Market, by Product Type

9.1.4.3.2       Mexico: NFC POS Terminal Market, by Application

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

10.1    North America: 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    Equinox Payments LLC

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    Clover Network, 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    Heartland Payroll Solutions, Inc.

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    VeriFone, Inc.

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    Fiserv, Inc.

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    PAX Global Technology Limited

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

12.8    Ingenico Group S.A.

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

12.9    NEC Corporation

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6     Key Developments

13.          Appendix

13.1    About The Insight Partners

13.2       Word Index

LIST OF TABLES

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

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

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

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

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

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

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

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

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

LIST OF FIGURES

Figure 1.           North America NFC POS Terminal Market Segmentation

Figure 2.           NFC POS Terminal Market Segmentation – By Country

Figure 3.           North America NFC POS Terminal Market Overview

Figure 4.           North America NFC POS Terminal Market by Product Type

Figure 5.           North America NFC POS Terminal Market by Application

Figure 6.           North America NFC POS Terminal Market by Country

Figure 7.           North America: PEST Analysis

Figure 8.           NFC POS Terminal market Ecosystem Analysis

Figure 9.           North America NFC POS Terminal market Expert Opinion

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 29.             Impact of COVID-19 Pandemic in North American Country Markets

 

  1. Castles Technology
  2. Equinox Payments
  3. Clover Network
  4. Heartland Payment Systems
  5. VeriFone, Inc
  6. Fiserv, Inc
  7. PAX Global Technology
  8. Ingenico Group
  9. NEC Corporation
  • To understand the North America 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 North America NFC POS Terminal Market
  • Efficiently plan M&A and partnership deals in North America 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 North America NFC POS Terminal Market
  • Obtain market revenue forecast for market by various segments from 2020-2027 in North America region.
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