Asia Pacific NFC POS Terminal Market Outlook and Strategic Insights by 2027

Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027

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)

Report Date : Apr 2021
Report Code : TIPRE00021070

Category : Banking, Financial Services, and Insurance
Status : Published

Available Report Formats :
No. of Pages : 75

Page Updated: Apr 2021

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

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.

China, Japan, India, South Korea, and the Rest of Asia Pacific are major economies in Asia Pacific. Appreciation in Adoption of NFC POS Solutions in Retail Sector is the reason for NFC POS terminal market Over the years, near-field communication (NFC) as emerged as one of the best-known technologies used in many mobile payment solutions. Smartphones are fitted with NFC chips these days; therefore, while making store transactions, mobile consumers can use their devices instead of cash and credit cards. The technology may also be used to provide end users with a better experience, in addition to removing the hassle of paying for in-store products. With the introduction of NFC POS solutions, store owners can smartly deliver product details to their shoppers by making the billing process across the store simpler and less time consuming. These digital accessories are typically attached to a store item with a "tap to pay" label that customers can use to directly pay for the purchased item without any hassle.

NFC also operates in a peer-to-peer mode, apart from mobile payments and the smart distribution of information. It enables two smartphones to exchange contacts, calendar activities, website links, images, and even video clips, similar to Bluetooth and Wi-Fi direct.is also bolstering the growth of the industry. Thus, the growth in the NFC POS terminal sector is expected to create a significant demand in the coming years, which is further anticipated to drive the market in Asia Pacific

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the NFC POS Terminal market. The Asia Pacific NFC POS Terminal market is expected to grow at a good CAGR during the forecast period.

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.

This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Asia Pacific NFC POS Terminal market Segmentation

Asia Pacific NFC POS Terminal market – By Product Type

Fixed
Mobile

Asia Pacific NFC POS Terminal market – By Application Type

Retail
Hospitality
Entertainment
Healthcare
Others

Asia Pacific NFC POS Terminal market, by Country

China
Japan
South Korea
India
Australia
Rest of Asia Pacific

Asia Pacific NFC POS Terminal market-Companies Mentioned

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

Asia Pacific NFC POS Terminal Report Scope

Report Attribute	Details
Market size in 2019	US$ 1042.8 Million
Market Size by 2027	US$ 4240.0 Million
Global CAGR (2020 - 2027)	19.5%
Historical Data	2017-2018
Forecast period	2020-2027
Segments Covered	By Product Type Mobile and Fixed By Application Entertainment Healthcare Hospitality Retail
Regions and Countries Covered	Asia-Pacific China India Japan Australia Rest of Asia-Pacific
Market leaders and key company profiles	Castles Technology VeriFone, Inc Fiserv, Inc PAX Global Technology Ingenico Group NEC Corporation SZZT Electronics Shenzhen

Research Manager

Ankita Mittal

Manager,
Market Research & Consulting

Ankita is a dynamic market research and consulting professional with over 8 years of experience across the technology, media, ICT, and electronics & semiconductor sectors. She has successfully led and delivered 100+ consulting and research assignments for global clients such as Microsoft, Oracle, NEC Corporation, SAP, KPMG, and Expeditors International. Her core competencies include market assessment, data analysis, forecasting, strategy formulation, competitive intelligence, and report writing.

Ankita is adept at handling complete project cycles—from pre-sales proposal design and client discussions to post-sales delivery of actionable insights. She is skilled in managing cross-functional teams, structuring complex research modules, and aligning solutions with client-specific business goals. Her excellent communication, leadership, and presentation abilities have enabled her to consistently deliver value-driven outcomes in fast-paced and evolving market environments.

What are the Asia Pacific NFC POS Terminal Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

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