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June 17, 2012

NFC payments in US to Touch 43 million from 3.9 million

The US will have the world's highest density of NFC point-of-sale terminals in five years time, the forecasters say, as the global installed base increases from 3.9m today to 43.4m in 2017.
The market for NFC-ready POS ( Point of Sale) terminals "grew fiercely" in 2011 with annual shipments doubling to an estimated 2.5 million units worldwide, according to a new research report from Berg Insight.























A total of 3.9m NFC-ready POS terminals were installed globally by the end of 2011, Berg says, and the number is due to grow at a compound annual growth rate (CAGR) of 49.4% to reach 43.4m units in 2017.

"This corresponds to an increase in the penetration rate from 8% in 2011 to 53% in 2017," Berg explains. "The penetration rate is projected to be highest in North America where an estimated 86% of the terminals will be NFC-ready by 2017. The penetration rate in Europe and the rest of the world will be 78% and 38% respectively."

"The rapid growth was driven by a transition in the NFC-payments ecosystem from performing trials to accelerating the rollout of NFC-ready payment infrastructure, in preparation for the arrival of NFC-based mobile payment services," say the forecasters.