Cellular connectivity has become a popular option for POS terminals and the installed base of cellular POS terminals reached 90 million worldwide in 2020. A CAGR of 11.8 percent is forecast between 2020 and 2025, resulting in a total of 157 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 2020 with annual shipments reaching an estimated 67 million units worldwide.
The report also forecasts the mPOS market. Get up to date with the latest information about vendors, products and markets.
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 2025.
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 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?
Key Topics Covered:
The card payments industry
The transaction process in card payments
Costs of a card payment transaction
Revenue distribution in the card payments industry
Card payments and household consumption expenditures
Breakdown of household consumption expenditures
Card payment volumes
The POS terminal market
POS terminal market data
POS terminal form factors
Wireless M2M and NFC
Evolution of electronic payments
Adoption of cellular IoT communications
Rollout of NFC-ready terminals
POS Terminal Vendors
Vendor profiles and strategies
Newland Payment Technology
Forecasts and Conclusions
Market trends and drivers
Steady uptake of wireless M2M
NFC has become ubiquitous
POS terminal app stores are a potential game-changer
New technologies can transform the shopping experience
The mPOS market segment is growing fast
Cellular POS terminal market forecast
NFC-ready POS terminal market forecast
NFC-ready mPOS terminal market forecast
For more information about this report visit https://www.researchandmarkets.com/r/nb30t3
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