Pune, India -- (SBWIRE) -- 10/19/2018 -- Contactless payment application exist in a point-of-sale (PoS) terminal in accordance with multiple application kernels, one of each supported payment network. The application kernels are developed and certified by the vendors who offer contactless PoS terminals. Contactless application kernels can be designed to support two different types of transactions: contactless Europay, MasterCard and Visa (EMV) chip transactions and contactless magnetic stripe data (MSD) transactions.

Global Contactless PoS Terminals Market is expected to grow at a CAGR of +23% during the forecast period 2018-2023.

This report gives an all-inclusive understanding of Contactless PoS Terminals market. The report provides the market scenario and its latent growth prospects throughout the forecast period. In addition, the report contains of the list of the top players operating in the market. It also provides strategic profiling of players in the market, widely analyzing their core competencies, and drawing a competitive landscape.

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Key players in Contactless PoS Terminals Market
Atmel (US), Qorvo (US), NXP Semiconductors (Netherlands), Raytheon (US), Reutech Communications (New Germany), Silicon Laboratories (US), SMK Electronics (Japan), STMicroelectronics (Switzerland), Texas Instruments (US)

With the rising popularity of smartphones, users now have access to various applications that aid in making payments through contactless PoS terminals. The growth of the contactless payment terminals market will be driven by internet penetration as a strong internet connection is the backbone of this payment method. Moreover, with increasing digitization and smart cities, people will be more inclined towards contactless payment methods as they offer convenience and quicker checkout time.

North America alleged the major market share in Contactless PoS Terminals Market and is anticipated to continue its dominion during the forecast period. Other regions are also expected to follow the upward trend and further drives the growth of the Global Market. On the other side, Asia Pacific has emerged as the fastest developing region in the global market and is anticipated to be a dominant force in the near future.

It also gives elaborate insight into the competitive landscape and the vendors of Contactless PoS Terminals market with detailed business profiles of the key players. Data about the companies, fanatical overview, generation of revenue, current developments and future challenges about market are well explained. A complete SWOT analysis containing growth opportunities of this market is done to help make well informed market selection.

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Table of Contents:
Global Contactless PoS Terminals Market Research Report 2018-2023
Chapter 1: Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Global Contactless PoS Terminals Market Competition by Manufacturers
Chapter 4: Global Production, Revenue (Value) by Region
Chapter 5: Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Global Production, Revenue (Value), Price Trend by Type
Chapter 7: Market Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Global Contactless PoS Terminals Market Forecast

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