Connected POS Terminals Report 2023: Sector to Grow at 10.2% Annually Through 2026

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Mar 23, 2023, 13:00 ET

DUBLIN, March 23, 2023 /PRNewswire/ -- The "Connected POS Terminals - 6th Edition" report has been added to ResearchAndMarkets.com's offering.

Cellular connectivity has become a popular option for POS terminals and the installed base of cellular POS terminals reached 104 million worldwide in 2021. The analyst forecasts a CAGR of 10.2 percent between 2021 and 2026, resulting in a total of 168 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 2021 with annual shipments reaching an estimated 75 million units worldwide. The report also forecasts the mPOS market. Get up to date with the latest information about vendors, products and markets.

According to the report, the market for NFC-ready POS terminals continued to show strong momentum in 2021 with annual shipments reaching an estimated 75.3 million units worldwide. The attach rate for NFC was highest in EU27+3 and North America, where 98 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.

On a global basis, about 80 percent of the POS terminals shipped in 2021 included NFC. The analyst projects the global installed base of NFC-ready POS terminals will grow at a compound annual growth rate (CAGR) of 11.6 percent from 168.7 million units in 2021 to 291.9 million units in 2026. As a result, more than 93 percent of the world's POS terminals will be NFC-ready in 2026, up from 73 percent in 2021.

Highlights 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 2026.

This report answers the following questions:

What is the potential market size for cellular IoT 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 read this report?

Connected POS Terminals is the foremost source of information about the adoption of wireless IoT 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 in-depth research.

Key Topics Covered:

Executive Summary

1 Introduction

2 Cellular IoT and NFC Connectivity
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 Dspread Technology
3.1.6 Equinox Payments
3.1.7 Fiserv
3.1.8 ID Tech
3.1.9 Ingenico
3.1.10 Itron Electronics
3.1.11 JTact
3.1.12 MoreFun
3.1.13 Newland Payment Technology
3.1.14 New POS
3.1.15 Nexgo (Xinguodu)
3.1.16 PAX Technology
3.1.17 SZZT Electronics
3.1.18 TopWise
3.1.19 UIC Payworld
3.1.20 Vanstone Electronic
3.1.21 VeriFone

4 Forecasts and Conclusions
4.1 Market trends and drivers
4.1.1 Steady uptake of cellular IoT connectivity
4.1.2 NFC has become ubiquitous
4.1.3 POS terminal app stores are a potential game-changer
4.1.4 Android payment terminals gain traction
4.1.5 New technologies can transform the shopping experience
4.1.6 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

Glossary

For more information about this report visit https://www.researchandmarkets.com/r/oyslbk

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