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Showing posts with label POS. Show all posts
Showing posts with label POS. Show all posts

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.