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POS Terminals and Wireless M2M Report 2018 -- Shipments of NFC-ready POS Terminals reached 24.7 million in 2017 - ResearchAndMarkets.com
The "POS
Terminals and Wireless M2M - 3rd Edition" report has been added
to ResearchAndMarkets.com's offering. 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 6 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 (News - Alert) PayPass or
UnionPay Quickpass at the end of 2017. 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.
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