What is the Status for Wireless M2M Communication in the European Retail Sector?

Friday 1 April 2005 00:51 CET | News

Research and Markets has announced the addition of Wireless M2M Communication and Retail to their offering.

What is the status for wireless M2M communication in the European retail sector? POS terminals and on street parking solutions are two areas where the new technology is already widely adopted. Remote management solutions for vending machines are expected to take off on a large scale in 2005. Learn more about the opportunities associated with the transformation of the European vending industry and the implementation for the EMV standard for secure card payments in this new report. The highlights of this report are as follow: - Overview of the European card payment, vending, parking and transportation ticketing industries. - Introduction to key applications for wireless M2M communication in the retail sector. - Analysis and forecasts of adoption of mobile communication for retail. - Case studies of the implementation of wireless M2M communication solutions by industry leaders such as Parkeon, Selecta and VeriFone. - Profiles of 65 leading POS terminal vendors, vending machine manufacturers, vending operators and parking and ticketing solution vendors. Key questions answered by the report: - What is the potential market size for wireless M2M communication in the retail sector? - Which are the key applications that offer sizable business opportunities? - How can the mobile industry benefit from deployment of 13 million EMV compliant POS terminals? - At what rate are wireless M2M communication solutions being adopted in the vending industry? - What are the opportunities for the mobile industry in the areas of parking and ticketing solutions? Retail is one of the first sectors in Europe that has seen some significant breakthroughs for wireless M2M communication technology in certain application areas. Wireless POS terminals are widely used to enable card payments in businesses where mobility is required and modern on street parking management solutions rely on information transferred over wireless networks. The vending industry is expected to become the next segment where remote management systems enabled by mobile data communication will be deployed on a large scale from 2005 and onwards. During the period 2005 to 2009, the total number of wireless data connections used for retail applications in Europe can be expected to rise from less than 1 million to around 3 million. Growth could however be many times higher if the mobile industry is able to take advantage of the ongoing migration to EMV in the card payments industry. As European merchants prepare to replace well over 10 million POS terminals to meet the new security standard, the mobile industry has a unique opportunity to initiate a shift from landline to wireless connections as primary means of communication for card payment systems. Such a development will however require tailored solutions that combine inexpensive, reliable terminals with secure high performance communication services. Topics covered in this report include: - Vending Machines - Parking and Ticketing Machines - Market Opportunity for Mobile Industry Players - Case Studies

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce