TechNavio released a report predicting that the global NFC point of sale terminal market will increase at a compound annual growth rate (CAGR) of 17% from 2011 to 2015.

According to the report, one of the key factors contributing to the growth is minimizing POS overheads. The NFC terminal market is also bolstered by vendors offering non-payment applications as value-added services. However, the high cost of NFC terminals could pose a challenge to the growth of this market, says TechNavio.

The report, “The Global NFC POS Terminal Market 2011-2015,” covers the market landscape and its growth prospects in the Americas, the EMEA and the APAC regions. The report also includes a discussion of the key vendors operating in this market, namely Hypercom, Ingenico and Verifone.

Find out more about the report here.