POS Terminals and Wireless M2M is the third 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 third 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 2022.
This research report answers the following questions:
What is the potential market size for wireless M2M communication in the retail industry?
Which trends and developments are shaping the market?
How many of the NFC-ready terminals have the contactless capabilities turned 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 109 million units in 2017.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 34million units in 2017 to reach 86 million units by 2022.
Cellular connectivity has become a very popular option for POS terminals and wasincorporated in 38 percent of the devices shipped in 2017. 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 37.7 million in 2017. Berg Insight forecasts a CAGR of 10.1 percentbetween 2017 and 2022, resulting in a total of 61.0 million cellular POS terminals at the end ofthe forecast period.
The market for NFC-ready POS terminals continued to display strong momentum in 2017 withannual shipments reaching an estimated 24.7 million units worldwide. The attach rate for NFCwas highest in EU28+2 and North America, where 90 percent and 88 percent of the POSterminals shipped featured NFC respectively. NFC was also a very popular feature in manyother major markets worldwide including Brazil, Turkey and China. While the installed base ofNFC-ready POS terminals has grown quickly, many of the terminals do still not have thecontactless features turned on. Berg Insight estimates that approximately 30.0 million POSterminals accepted contactless payments with Visa payWave, MasterCard PayPass orUnionPay Quickpass at the end of 2017.
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