Cellular connectivity has become a popular option for POS terminals and the installed base of cellular POS terminals reached 26.3 million worldwide in 2015. The author forecasts a CAGR of 10.4 percent between 2015 and 2020, resulting in a total of 42.9 million cellular POS terminals at the end of the forecast period. The market for NFC-ready POS terminals also continued to display strong momentum in 2015 with annual shipments reaching an estimated 12.6 million units worldwide. The report is also forecasting the fast growing mPOS market. Get up to date with the latest information about vendors, products and markets.
POS Terminals and Wireless M2M is a the second consecutive report analysing the latest developments on the global POS terminal market.
This strategic research report provides you with 40 pages of unique business intelligence including 5-year industry forecasts and expert commentary on which to base your business decisions.
Highlights from the second 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 2020.
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?
Who should buy this research report?
POS Terminals and Wireless M2M is the foremost source of information about the adoption of wireless M2M solutions in the payments industry. Whether you are a device vendor, service provider, telecom operator, investor, consultant, or government agency, you will gain valuable insights from our indepth research.
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 wireless M2M communication
2.1.3. Rollout of NFC-ready terminals
3. POS terminal vendors
3.1. Vendor profiles and strategies
3.1.4. Brookfield Equinox
3.1.5. ID Tech
3.1.7. Newland Payment Technology
3.1.8. PAX Technology
3.1.9. REA Card
3.1.10. Spire Payments
3.1.11. SZZT Electronics
4. Forecasts and conclusions
4.1. Market trends and drivers
4.1.1. Steady uptake of wireless M2M
4.1.2. Interest in NFC surges
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 (2016)
Figure 1.3: Revenue distribution in card payments
Figure 1.4: Card payments as a share of HCE and GDP (World 2011)
Figure 1.5: Household consumption expenditures by service and product (EU28 2012)
Figure 1.6: Card payments in Europe and North America (2015)
Figure 1.7: Installed base of POS terminals and ATMs (World 2011-2015)
Figure 1.8: POS terminal density by country (World 2015)
Figure 1.9: Stationary and mobile POS terminals
Figure 1.10: mPOS devices
Figure 2.1: EMV implementation status (World 2015)
Figure 2.2: POS terminals with cellular connectivity by region (World 2015)
Figure 2.3: NFC-ready POS terminals by region (World 2015)
Figure 3.1: POS terminal shipments by manufacturer (World 2015)
Figure 3.2: PAX Technology POS terminals
Figure 3.3: Verifone POS terminals
Figure 4.1: Deployment of NFC and cellular technologies (World 2014-2020)
Figure 4.2: Cellular POS terminal shipments by region (World 2014-2020)
Figure 4.3: Cellular POS terminal installed base by region (World 2014-2020)
Figure 4.4: NFC POS terminal shipments by region (World 2014-2020)
Figure 4.5: NFC POS terminal installed base by region (World 2014-2020)
Figure 4.6: mPOS terminal shipments by region (World 2014-2020)
Figure 4.7: mPOS terminal installed base by region (World 2014-2020)
According to this research report from specialist M2M/IoT analyst firm Berg Insight, the market for NFC-ready POS terminals continues to show strong momentum in 2016 with annual shipments anticipated to reach an estimated 16.1 million units worldwide. The attach rate for NFC was highest in EU28+2 and North America, where 93 percent and 92 percent respectively 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. On a global basis, almost three out of every five POS terminals shipped in 2016 included NFC.
The author projects the global installed base of NFC-ready POS terminals will grow at a compound annual growth rate (CAGR) of 17.9 percent from 45.0 million units in 2016 to 86.9 million units in 2020. As a result, more than 77 percent of the world’s POS terminals will be NFC-ready in 2020, up from 46 percent in 2016. While the installed base of NFC-ready POS terminals has grown quickly, the contactless technology has in many cases not been activated. This is now changing and the author estimates that approximately 15.0 million POS terminals accepted contactless payments with Visa payWave, MasterCard PayPass or UnionPay Quickpass in mid-2016.
“The mPOS terminal market is growing faster than the traditional POS terminal segment and there are more than 80 vendors active on the global market today” said Johan Fagerberg, Senior Analyst at Berg Insight. mPoS is the use of consumer-oriented mobile devices such as tablets and smartphones that function as a point-of-sale terminal to facilitate payment card transactions through a connection to a card-accepting reader. The attach rate for NFC in the mPOS segment is anticipated to reach 45 percent in 2016 as NFC-ready mPOS terminal shipments reach 8.2 million units. Berg Insight forecasts that global shipments of NFC-ready mPOS terminals will grow at a compound annual growth rate (CAGR) of 41.0 percent in the next four years to reach 32.4 million units by 2020. “The growth is driven by the increase in mPOS terminal shipments from 18.0 million units in 2016 to 42.3 million units in 2020, as well as by a growth in the attach rate from 45 percent to 77 percent”, concludes Mr Fagerberg.