The number of installed cellular POS terminals will reach 229 million units by 2028.
The world is continuously transitioning from cash and check-based payments to electronic forms such as payment cards and mobile phone payments. This shift has been accelerated by the COVID-19 pandemic over the past few years. As part of this evolution, POS terminals are becoming increasingly widespread around the globe. The global number of installed POS terminals increased to approximately 292 million units in 2023. Market growth is primarily driven by the increased adoption of electronic payments in emerging markets. In advanced markets, the adoption of POS terminals is nearly saturated. Furthermore, the mPOS terminal market continues to grow, with Berg Insight predicting that the global number of installed mPOS terminals will increase from 110 million units in 2023 to 152 million units by 2028. The adoption rate of NFC is highest in Europe and North America, with 99% of shipped POS terminals equipped with NFC. NFC is also a highly popular feature in other major markets around the world, such as Brazil, Turkey, and China. 【Contents】 ■ Market Overview ■ Cellular IoT and NFC Connectivity ■ POS Terminal Vendors ■ Forecast and Conclusion
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Publisher: Berg Insights Publication Month: April 2025 Report Language: English *For more details, please visit our website or refer to the sample materials.
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