Growing Adoption of Contactless Payments to Support Market Growth during 2020-2027
NFC POS Terminal Market was valued at US$ 3,390.47 million in 2019 and is projected to reach US$ 11,503.09 million by 2027; it is expected to grow at a CAGR of 16.8% from 2020 to 2027.
The report highlights key factors driving the market growth and prominent players with their developments in the market.
In 2019, North America led the global NFC POS terminal market with more than 30% revenue share, followed by APAC and Europe. 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.