According to media reports, Swedish market research company Berg Insight recently found that the POS terminal market continued to show strong momentum in 2016. The global shipments of NFC-enabled non-connected POS terminals will reach 16.1 million units, a record high.
The report shows that in the POS terminals sold this year, the EU market has 93% support, and the North American market has 92% support. NFC is becoming a very popular feature, including NFC payments in Brazil, Turkey and China. In terms of global market shipments, non-contact POS terminals account for 3/5 of the total.

The report predicts that between 2016 and 2020, non-connected POS terminals will maintain a compound annual growth rate of 17.9%, increasing from the current 45 million units to 86.9 million units. By then, the proportion of non-connected POS terminals will exceed 77%, far higher than the current average of 46%.
At the same time, the report pointed out that although non-contact POS terminals are growing rapidly, the global non-receiving payment usage rate is still not high. Despite this, Berg Insight is still very optimistic about the development of non-receiving payments. According to the research company data, about 15 million POSs in 2016 received non-payment methods such as Visa payWave, MasterCard PayPass or UnionPay Quickpass.
On the other hand, Johan Fagerberg, senior analyst at Berg Insight, believes that mPOS growth is not inferior to traditional POS.

More than 80 mPOS vendors worldwide are active in the market. In 2016, the number of mPOS shipments reached 8.2 million units, and the proportion of non-connected capacity reached 45%. According to forecasts, the non-connected mPOS will maintain a compound annual growth rate of 41% in the next four years, and the total will increase to 32.4 million units by 2020.

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