POS Terminals and Wireless M2M – 4th Edition

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?

Executive summary

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.

Executive summary
1 Introduction
1.1 The card payments industry
1.1.1 The transaction process in card payments
1.1.2 Costs of a card payment transaction
1.1.3 Revenue distribution in the card payments industry
1.1.4 Card payments and household consumption expenditures
1.1.5 Breakdown of household consumption expenditures
1.1.6 Card payment volumes
1.2 The POS terminal market
1.2.1 POS terminal market data
1.2.2 POS terminal form factors
2 Wireless M2M and NFC
2.1 Evolution of electronic payments
2.1.1 EMV migration
2.1.2 Adoption of cellular IoT communications
2.1.3 Rollout of NFC-ready terminals
3 POS terminal vendors
3.1 Vendor profiles and strategies
3.1.1 BBPOS
3.1.2 Bitel
3.1.3 Castles Technology
3.1.4 Centerm
3.1.5 CyberNet
3.1.6 Dspread Technology
3.1.7 Equinox Payments
3.1.8 ID Tech
3.1.9 Ingenico
3.1.10 Itron Electronics
3.1.11 MoreFun
3.1.12 Newland Payment Technology
3.1.13 Nexgo
3.1.14 PAX Technology
3.1.15 REA Card
3.1.16 Spire Payments
3.1.17 SZZT Electronics
3.1.18 VeriFone
3.1.19 Worldline
4 Forecasts and conclusions
4.1 Market trends and drivers
4.1.1 Steady uptake of wireless M2M
4.1.2 NFC has become ubiquitous
4.1.3 POS terminal app stores are a potential game-changer
4.1.4 New technologies can transform the shopping experience
4.1.5 The mPOS market segment is growing fast
4.2 Market forecasts
4.2.1 Cellular POS terminal market forecast
4.2.2 NFC-ready POS terminal market forecast
4.2.3 NFC-ready mPOS terminal market forecast
List of Figures
Figure 1.1: Typical payment transaction flow
Figure 1.2: Visa interchange fees in the UK and the US (2020)
Figure 1.3: Revenue distribution in card payments
Figure 1.4: Card payments as a share of HCE and GDP (World 2018)
Figure 1.5: Household consumption expenditures by service and product (EU28 2018)
Figure 1.6: Card payments in Europe and North America (2018)
Figure 1.7: Installed base of POS terminals and ATMs (World 2014–2018)
Figure 1.8: POS terminal density by country (World 2018)
Figure 1.9: Stationary and mobile POS terminals
Figure 1.10: mPOS devices
Figure 1.11: Android POS terminals
Figure 2.1: EMV implementation status (World 2018)
Figure 2.2: POS terminals with cellular connectivity by region (World 2019)
Figure 2.3: NFC-ready POS terminals by region (World 2019)
Figure 3.1: POS terminal shipments by manufacturer (World 2018)
Figure 3.2: PAX Technology POS terminals
Figure 3.3: Spire Payments POS terminals
Figure 3.4: Verifone POS terminals
Figure 4.1: Deployment of NFC and cellular technologies (World 2018–2024)
Figure 4.2: Cellular POS terminal shipments by region (World 2018–2024)
Figure 4.3: Cellular POS terminal installed base by region (World 2018–2024)
Figure 4.4: NFC POS terminal shipments by region (World 2018–2024)
Figure 4.5: NFC POS terminal installed base by region (World 2018–2024)
Figure 4.6: mPOS terminal shipments by region (World 2018–2024)
Figure 4.7: mPOS terminal installed base by region (World 2018–2024)

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