DUBLIN--(BUSINESS WIRE)--The "POS
Terminals and Wireless M2M - 3rd Edition" report has been added
to ResearchAndMarkets.com's offering.
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. 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 109 million units in
2017. 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.
Cellular connectivity has become a very popular option for POS terminals and was incorporated in 38 percent of the devices shipped in 2017. 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 fixed line telecommunications infrastructure is less developed. The installed base of cellular POS terminals reached 37.7 million in 2017.
The report forecasts a CAGR of 10.1% between 2017 and 2022, resulting in
a total of 61 million cellular POS terminals at the end of the forecast
period.
The market for NFC-ready POS terminals continued to
display strong momentum in 2017 with annual shipments reaching an
estimated 24.7 million units worldwide. The attach rate for NFC was
highest in EU28+2 and North America, where 90 percent and 88 percent of
the POS terminals shipped featured NFC respectively. 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,
many of the terminals do still not have the contactless features turned
on. The report estimates that approximately 30 million POS terminals
accepted contactless payments with Visa payWave, MasterCard PayPass or
UnionPay Quickpass at the end of 2017.
The mPOS market today
is growing faster than the traditional POS terminal market and the
researcher projects that the installed base of mPOS terminals worldwide
will grow from 34 million units in 2017 to reach 86 million units by
2022. The installed base of NFC-ready mPOS terminals grew to 15 million
units during 2017 as NFC penetration reached 44 percent worldwide.
The report forecasts that the installed base of NFC-ready mPOS terminals will grow at a CAGR of 33.5% between 2017 and 2022 to reach 63.6 million units at the end of the forecast period.
Companies Featured
- BBPOS
- Bitel
- Castles Technology
- CCV
- Centerm
- CyberNet
- Equinox Payments
- ID Tech
- Ingenico
- Newland Payment Technology
- Nexgo
- PAX Technology
- REA Card
- Spire Payments
- SZZT Electronics
- VeriFone
- Worldline
Key Topics Covered
Executive Summary
1
Introduction
2 Wireless M2M & NFC
3 POS
Terminal Vendors
4 Forecasts & Conclusions
For
more information about this report visit https://www.researchandmarkets.com/research/bq2v59/pos_terminals_and?w=4
