POS Terminals and Wireless M2M is the fourth consecutive report from Berg Insight analysing the latest developments on the global POS terminal market. This strategic research report from Berg Insight provides you with 45 pages of unique business intelligence including 5-year industry forecasts and expert commentary on which to base your business decisions.Highlights from the fourth edition of the report:
Detailed analysis of the payments industry.
Summary of the latest industry trends and developments.
Updated in-depth profiles of key players in the POS and mPOS terminal markets.
Reviews of vendor market shares and competitive dynamics.
Perspectives on the impact of mobile wallet services.
Extensive global and regional market forecasts lasting until 2024.
This research report answers the following questions:
What is the potential market size for wireless M2M communication in theretail industry?
Which trends and developments are shaping the market?
How many of the NFC-ready terminals have the contactless capabilitiesturned on?
What are the market shares for the leading POS terminal vendors?
How will emerging mobile wallet services affect the market?
What is the attach rate for cellular connectivity in POS terminals by region?
The world is continuously shifting from coin and paper-based payments such as cash andcheques to electronic forms such as payment cards and mobile phone payments. As a partof this evolution, POS terminals are becoming more and more common in all parts of theworld. The global installed base of POS terminals grew to almost 161 million units in 2019.Market growth is primarily fuelled by the increasing adoption of electronic payments inemerging markets. Developed markets are relatively saturated in terms of POS terminaladoption. In addition, the mPOS terminal market is today growing even faster and BergInsight forecasts that the installed base of mPOS terminals worldwide will grow from 69million units in 2019 to reach 113 million units by 2024.
Cellular connectivity has become a very popular option for POS terminals and wasincorporated in 44 percent of the devices shipped in 2019. The wireless technology has animportant role in facilitating the global adoption of electronic payments, as it enables therollout of POS terminals to many new market segments and parts of the world where the fixedline telecommunications infrastructure is less developed. The installed base of cellular POSterminals reached 66.0 million in 2019. Berg Insight forecasts a CAGR of 9.5 percent between2019 and 2024, resulting in a total of 103.7 million cellular POS terminals at the end of theforecast period.
The market for NFC-ready POS terminals continued to display strong momentum in 2019 withannual shipments reaching an estimated 47.8 million units worldwide. The attach rate for NFCwas highest in EU28+2 and North America, where 94 percent of the POS terminals shippedfeatured NFC. NFC was also a very popular feature in many other major markets worldwideincluding Brazil, Turkey and China. While the installed base of NFC-ready POS terminals hasgrown quickly, some of the terminals do still not have the contactless features turned on.Berg Insight estimates that approximately 70.0 million POS terminals accepted contactlesspayments with Visa payWave, MasterCard PayPass or UnionPay Quickpass at the end of2019.
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