POS Terminals and Wireless M2M – 5th Edition

POS Terminals and Wireless M2M is the fifth consecutive report from Berg Insight analysing the latest developments on the global POS and mPOS terminal market. This strategic research report from Berg Insight provides you with 46 pages of unique business intelligence including 5-year industry forecasts and expert commentary on which to base your business decisions

Hightlights from 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 market.
Reviews of vendor market shares and competitive dynamics.
Perspectives on the impact of mobile wallet services.
Extensive global and regional market forecasts lasting until 2025.

Executive summary

The world is continuously shifting from coin and paper-based payments such as cash and cheques to electronic forms such as payment cards and mobile phone payments. The has accelerated in the past two years due to the COVID-19 pandemic. As a part of this evolution, POS terminals are becoming more and more common in all parts of the world. The global installed base of POS terminals grew to almost 207 million units in 2020. Market growth is primarily fuelled by the increasing adoption of electronic payments in emerging markets. Developed markets are relatively saturated in terms of POS terminal adoption. In addition, the mPOS terminal market is today growing fast and Berg Insight forecasts that the installed base of mPOS terminals worldwide will grow from 80 million units in 2020 to reach 127 million units by 2025.

Cellular connectivity has become a very popular option for POS terminals and was incorporated in 46 percent of the devices shipped in 2020. The wireless technology has an important role in facilitating the global adoption of electronic payments, as it enables the rollout 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 POS terminals reached 89.8 million in 2020. Berg Insight forecasts a CAGR of 11.8 percent between 2020 and 2025, resulting in a total of 156.6 million cellular POS terminals at the end of the forecast period.

The market for NFC-ready POS terminals continued to display strong momentum in 2020 with annual shipments reaching an estimated 67.2 million units worldwide. The attach rate for NFC was highest in EU27+3 and North America, where 96 percent of the POS terminals shipped featured NFC. NFC was also a very popular feature in many other major markets worldwide including Brazil, Turkey and China. While the installed base of NFC-ready POS terminals has grown quickly, some of the terminals do still not have the contactless features turned on. Berg Insight estimates that approximately 90.0 million POS terminals accepted contactless payments with Visa payWave, MasterCard PayPass or UnionPay Quickpass in 2020.

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 Itron Electronics
3.1.10 JTact
3.1.11 MoreFun
3.1.12 Newland Payment Technology
3.1.13 New POS
3.1.14 Nexgo (Xinguodu)
3.1.15 PAX Technology
3.1.16 REA Card
3.1.17 SZZT Electronics
3.1.18 Vanstone Electronic
3.1.19 VeriFone
3.1.20 Worldline (Ingenico)
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 2020)
Figure 1.5: Household consumption expenditures by service and product (EU28 2018)
Figure 1.6: Card payments in Europe and North America (2020)
Figure 1.7: Installed base of POS terminals and ATMs (World 2015–2019)
Figure 1.8: POS terminal density by country (World 2019)
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 2020)
Figure 2.2: POS terminals with cellular connectivity by region (World 2020)
Figure 2.3: NFC-ready POS terminals by region (World 2020)
Figure 3.1: POS terminal shipments by manufacturer (World 2020)
Figure 3.2: PAX Technology POS terminals
Figure 3.3: Verifone POS terminals
Figure 4.1: Deployment of NFC and cellular technologies (World 2019–2025)
Figure 4.2: Cellular POS terminal shipments by region (World 2019–2025)
Figure 4.3: Cellular POS terminal installed base by region (World 2019–2025)
Figure 4.4: NFC POS terminal shipments by region (World 2019–2025)
Figure 4.5: NFC POS terminal installed base by region (World 2019–2025)
Figure 4.6: mPOS terminal shipments by region (World 2019–2025)
Figure 4.7: mPOS terminal installed base by region (World 2019–2025)

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