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Market Research Report

POS Hardware: Payments Innovation, Vendor Analysis & Market Forecasts 2019-2024

Published by Juniper Research Ltd Product code 918961
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POS Hardware: Payments Innovation, Vendor Analysis & Market Forecasts 2019-2024
Published: December 17, 2019 Content info:
Description

Overview:

Juniper Research's latest ‘POS Hardware’ research provides an extensive, independent assessment of the hardware segment in the POS market; offering comprehensive market projections and insightful trend analysis.

The research provides a detailed assessment of how new approaches are being used in the POS space, including analysis of the deployment of biometric-equipped devices and the expansion of mPOS adoption. It also analyses key trends and constraints in payment hardware, with a particular focus on best practices for POS hardware deployment.

The research covers:

  • Dedicated POS (Static & Portable Terminals)
  • Contactless POS Terminals
  • mPOS Terminals
  • Biometric-enabled POS Terminals

Key Features:

  • Market Analysis: Provides an extensive evaluation of the POS ecosystem; analysing the current market status across key POS segments:
    • Dedicated POS (including Static & Portable Terminals)
    • Contactless POS Terminals
    • mPOS Terminals
    • Biometric-enabled POS Terminals
  • Juniper Research Leaderboard: 16 leading POS vendors compared, scored and positioned on the Juniper Research Leaderboard:
    • bbpos
    • Castles Technology
    • Dspread
    • Equinox Payments
    • First Data
    • Ingenico
    • mSwipe
    • Newland Payment Technology
    • NEXGO
    • PAX Technology
    • PayPal
    • Sage Pay
    • Spire Payments
    • Square
    • Verifone
    • Worldline
  • Benchmark Industry Forecasts: POS device and transaction forecasts, including volume and value projections.

Key Questions:

  • 1. Who are the key vendors disrupting the POS market?
  • 2. What are the most compelling POS types in which markets?
  • 3. What are the opportunities for stakeholders in emerging markets?
  • 4. What are the growth prospects for the use of mPOS terminals over the next 5 years?
  • 5. What are the global drivers for contactless POS terminal deployments over the next 5 years?

Companies Referenced:

  • Interviewed: Fiserv.
  • Case Studied: Cielo, SFT.
  • Included in Juniper Leaderboard: BBPOS, Castles Technology, Dspread, Equinox Payments, Fiserv, Ingenico, Mswipe, Newland Payment Technology, NEXGO, PAX Technology, PayPal, Sage Pay, Spire Payments, Square, Verifone, Worldline.
  • Mentioned: ACCEO Solutions, ADEO, Adequare, ADP, Airbnb, Airlink, Alibaba, American Express, Apax Partners, Apple, Axis Bank, Bambora, Bank Liberty, Bank of America, Bank of Cyprus, Bank of Scotland, Barclays Merchant Services, BBVA, BigCommerce, BIS (Bank for International Settlements), BitPay, Braintree, BRD, BS Payone, Bundesbank, Business Correspondent Federation of India, Capital One, CardConnect, Cardnet, Cassby, CCV, Central Bank, Central Bank of Nigeria, Charge Anywhere, Chase, China Investment Global Tracker, Citi, Clinicia, Clover, Coinbase, Coinify, Costa Coffee, Countr POS, Credorax, Criptohub, Cyclebit, Deutsche Bank, Digital River World Payments, Diners Card, Discover Financial Services, DishOut, eBay, Ecwid, Eloquent Labs, Entrees On-Trays, ePaisa, EPC (European Payments Council), equensWorldline, Ernst & Young, Euroconex, European Central Bank, European Commission, ExaDigm, Expedia, First Data, First Data Baltics, Francisco Partners, GoDaddy Online Store, GoFrugal, GoFundMe, Google, Gusto, Hi Sun Group, Homebase, HSBC, Humble Bundle, Huntington, Hyperwallet, Intuit, Intution, Invensys, iZettle, JCB International, JLpay, KeyBank, Klarna, Kwang Woo, LISNR, Lloyds, Logic ERP, Logosoft, Magento, Marconi, Mastercard, McDonalds, Metro Rio, Miaxis Biometrics, MindBody, Mountain America Credit Union, MRL Posnet, Mventry, NatWest, NBS Payment Solutions, NCR, Nepting, New York Metropolitan Transportation Authority, Newegg, NewNet, nGO, OpenCart, PagSeguro, Paydiant, Paymark, Payneteasy, PCI (Payment Card Industry) Security Standards Council, People's Bank of China, Perka, Pymnts, Quick Pay, Ratnakar Bank, ReceiptHero, Reliance Industries, Reserve Bank of India, Retailware, Rupay, Samsung, Santander, SARB (South African Reserve Bank), Servus, Shopify, ShoppingGives, ShopWare, ShopWired, Simility, Singapore Land Transport Authority, SNCF, Spectris, SPS (SIX Payment Services), Staley Credit Union, Stone, Stripe, SumUp, Suntrust, SUZOHAPP, Telpo, Tencent, The Sage Group, TIO Networks, Tokyo Centre for Economic Research, Tonglian, Translink, Transport for London, UnionPay, Uzzo, Vend, Venmo, Visa, Vivawallet, WeChat Pay, Weebly, Wells Fargo, Wix, Woo Commerce, Worldpay, WP EasyCart, X-Cart, Xenturion, Xero, Xoom, Zemen, Zen Cart.

Data & Interactive Forecast:

Juniper Research's ‘POS Hardware’ forecast suite includes:

  • Country-level data splits for:
    • Brazil
    • Canada
    • China
    • Denmark
    • Germany
    • India
    • Japan
    • Norway
    • Portugal
    • Spain
    • South Korea
    • Sweden
    • UK
    • US
    • Plus 8 key global regions
  • Forecasts for number of terminals in use, transaction volume and value, broken down by:
    • Dedicated POS
    • mPOS
    • Contactless POS
    • Biometric POS
  • Interactive Scenario tool allowing user the ability to manipulate Juniper Research's data for 10 different metrics.
  • Access to the full set of forecast data of 62 tables and over 10,000 datapoints.

Juniper Research's highly granular interactive Excels enable clients to manipulate Juniper Research's forecast data and charts to test their own assumptions using the Interactive Scenario Tool, and compare select markets side by side in customised charts and tables. IFxls greatly increase clients' ability to both understand a particular market and to integrate their own views into the model.

Table of Contents

Table of Contents

1. Key Takeaways & Strategic Recommendations

  • 1.1. Key Takeaways
  • 1.2. Strategic Recommendations

2. POS Terminals: Market Status

  • 2.1. Introduction
    • 2.1.1. Market Segmentation
      • Figure 2.1: POS Terminals Market Segmentation
    • 2.1.2. Dedicated POS
      • Figure 2.2: Verifone VX 820 Dedicated POS Device
    • 2.1.3. mPOS (mobile POS)
      • Figure 2.3: Castles Technology MP200 mPOS Device
    • 2.1.4. Contactless POS
    • 2.1.5. Smart POS
    • 2.1.6. Biometric POS
      • Case Study: SFT
        • i. Juniper Research's View
  • 2.2. The POS Market in 2018
    • 2.2.1. POS Infrastructure Market Status
      • Figure 2.4: Case/Card use in Europe By Transaction Value (€)
      • Figure 2.5: Top 10 Cashless Countries (Scored Out of 10)
      • Figure 2.6: POS Terminals Installed Base, Global (m), 2014-2018
    • 2.2.2. Payment Cards Market Overview
      • Figure 2.8: Global Credit/Debit/ATM Cards in Issue, 2018, Split by 8 Key Regions (14.4 billion)
    • 2.2.3. Contactless Infrastructure Market Status
      • i. Regional Overview
        • Figure 2.9: Contactless POS Terminals in Service as a Proportion of All POS Terminals (%), Split by 8 Key Regions, 2018
      • ii. National Overview
        • Figure 2.11: Contactless Terminals in Service in the US (m), 2015-2018
  • 2.3. The mPOS Market
    • 2.3.1. Current mPOS Market Status
      • Figure 2.12: mPOS Terminals Installed Base, Global (m), 2013-2018
      • Figure 2.13: Global Number of mPOS Terminals in Use Market Share (%), 2018, Split by 8 Key Regions (25.6 million)
      • Figure 2.14: Proportion of Total POS Terminals which are mPOS (%), 2018, Split by 8 Key Regions
  • 2.4. Key POS Markets
    • 2.4.1. US
      • i. EMV Becoming the Default
        • Figure 2.15: Number of EMV-Accepting Merchant Locations in the US, September 2015-June 2019
        • Figure 2.16: US Market Snapshot, 2018
        • Figure 2.17: Dedicated POS & mPOS US Shipments (m) 2018
      • ii. Contactless Growing Rapidly in the US
    • 2.4.2. China
      • Figure 2.18: China Dedicated POS Terminals Installed Base (m), 2012-2018 .... 25 Figure 2.19: Dedicated POS & mPOS China Shipments (m) 2018
      • Figure 2.20: GDP Per Capita Growth, Selected Markets, 2005-2018
      • Figure 2.21: China Market Snapshot, 2018
      • Figure 2.22: mPOS Shipments in China (m), 2015-2018
    • 2.4.3. India
      • Figure 2.23: Smartphone Installed Base, India, 2014-2018 (m)
      • Figure 2.24: Annual GDP Growth, (%), Selected Countries, 2010-2018
      • Figure 2.25: Total Number of POS Terminals in Service, (m) India, 2012-2018
      • i. Biometrics
    • 2.4.4. UK
      • Figure 2.26: UK Market Snapshot, 2018
    • 2.4.5. Germany
      • Figure 2.28: Payment Preferences in Germany
      • Figure 2.27: Number of mPOS Terminals in Service, (m) UK, 2012-
      • Figure 2.29: Share of Point of Sale Purchases Using Cash, Selected European Countries, 2019
      • Figure 2.30: Number of POS Terminals in Service, (m) Germany, 2012-2018 .... 33 2.4.6 Japan
      • Figure 2.31: Total Number of POS Terminals in Japan, (m) 2012-2018
      • Figure 2.32: Number of Tourists Visiting Japan, Total Visitors & China, (000s) 2010-2018
    • 2.4.7. Emerging Markets & POS
      • Figure 2.33: GDP Growth, Selected Markets, 2010-2018
      • i. Brazil
      • ii. South Africa
      • iii. Nigeria
        • Figure 2.34: Nigeria POS Transaction Volumes (m) & Values (NGN bn), 2014-2018
  • 2.5. Cryptocurrency & POS
    • Case Study: Cielo
      • i. Juniper Research's View
  • 2.6. Key Trends & Constraints in the POS Terminals Market
    • 2.6.1. Key Trends
      • Figure 2.35: CAGR of POS Terminals in India, 2019-2024
    • 2.6.2. Key Constraints

3. POS Terminals: Vendor Analysis & Leaderboard

  • 3.1. Vendor Analysis & Leaderboard
    • 3.1.1. Vendor Assessment Criteria
      • Table 3.1: Vendor Capability Assessment Criteria
      • Figure 3.2: POS Hardware Vendor Leaderboard
      • Figure 3.3: POS Leaderboard Scoring
    • 3.1.2. Leaderboard Groupings
      • i. Established Leaders
      • ii. Leading Challengers
      • iii. Disruptors & Emulators
    • 3.1.3. Limitations & Interpretation
  • 3.2. POS Hardware: Movers & Shakers 2019
  • 3.3. POS Hardware: Vendor Profiles
    • 3.3.1. Ingenico
      • i. Corporate
        • Table 3.4: Ingenico Revenues ($m) 2014-2018
      • ii. Geographic Spread
      • iii. Key Clients & Strategic Partnerships
      • iv. High Level View of Offerings
      • v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
    • 3.3.2. Verifone
      • i. Corporate
        • Table 3.5: Verifone Financial Performance ($m) 2013-2017
      • ii. Geographic Spread
      • iii. Key Clients & Strategic Partnerships
      • iv. High Level View of Offerings
      • v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
    • 3.3.3. Square
      • i. Corporate
        • Table 3.6: Square Financial Performance ($m) 2016-2019
      • ii. Geographic Spread
      • iii. Key Clients & Strategic Partnerships
      • iv. High Level View of Offerings
      • v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
    • 3.3.4. PayPal
      • i. Corporate
        • Table 3.7: PayPal Financial Snapshot ($bn) 2014-2018
      • ii. Geographic Spread
      • iii. Key Clients & Strategic Partnerships
      • iv. High Level View of Offerings
      • v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
    • 3.3.5. Worldline
      • i. Corporate
        • Table 3.8: Worldline Revenues ($m) 2017-2018
      • ii. Geographic Spread
      • iii. Key Clients & Strategic Partnerships
      • iv. High Level View of Offerings
      • v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
    • 3.3.6. Fiserv
      • i. Corporate
        • Table 3.9: Fiserv Revenues ($m) 2016-2018
      • ii. Geographic Spread
      • iii. Key Clients & Strategic Partnerships
      • iv. High Level View of Offerings
      • v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
    • 3.3.7. Castles Technology
      • i. Corporate
        • Table 3.10: Castles Technology Revenues ($m) 2015-2018
      • ii. Geographic Spread
      • iii. Key Clients & Strategic Partnerships
      • iv. High Level View of Offerings
      • v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
    • 3.3.8. NEXGO
      • i. Corporate
      • ii. Geographic Spread
      • ii.Key Clients & Strategic Partnerships
      • iv. High Level View of Offerings
      • v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
    • 3.3.9. Equinox Payments
      • i. Corporate
      • ii. Geographic Spread
      • iii. Key Clients & Strategic Partnerships
      • iv. High Level View of Offerings
      • v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
    • 3.3.10. Sage Pay
      • i. Corporate
        • Table 3.11: Sage Financial Snapshot ($m) 2016-2018
      • ii. Geographic Spread
      • iii. Key Clients & Strategic Partnerships
      • iv. High Level View of Offerings
      • v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
    • 3.3.11. PAX Technology
      • i. Corporate
        • Table 3.12: PAX Technology Revenues ($m) 2015-2018
      • ii. Geographic Spread
      • iii. Key Clients & Strategic Partnerships
      • iv. High Level View of Offerings
      • v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
    • 3.3.12. Spire Payments
      • i. Corporate
      • ii. Geographic Spread
      • iii. Key Clients & Strategic Partnerships
      • iv. High Level View of Offerings
      • v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
    • 3.3.13. BBPOS
      • i. Corporate
      • ii. Geographic Spread
      • iii. Key Clients & Strategic Partnerships
      • iv. High Level View of Offerings
      • v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
    • 3.3.14. Newland Payment Technology
      • i. Corporate
        • Table 3.13: Newland Payment Technology Revenues ($m) 2015-2018
      • ii. Geographic Spread
      • iii. Key Clients & Strategic Partnerships
      • iv. High Level View of Offerings
      • v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
    • 3.3.15. Mswipe
      • i. Corporate
        • Table 3.14: Mswipe Funding Rounds 2013-2019
      • ii. Geographic Spread
      • iii. Key Clients & Strategic Partnerships
      • iv. High Level View of Offerings
    • 3.3.16. Dspread
      • i. Corporate
      • ii. Geographic Spread
      • iii. Key Clients & Strategic Partnerships
      • iv. High Level View of Offerings
      • v. Juniper Research's View: Key Strengths & Strategic Development Opportunities

4. POS Hardware: Market Forecasts

  • 4.1. Introduction & Methodology
    • 4.1.1. Introduction
      • i. POS Terminals Installed Base
      • ii. POS Transactions
    • 4.1.2. Forecast Methodology
      • Figure 4.1: POS Hardware Market Forecast Methodology
  • 4.2. POS Market Forecast Summary
    • 4.2.1. POS Terminals Installed Base
      • Figure & Table 4.2: Number of POS Terminals Installed (m), Split by 8 Key Regions 2019-2024
    • 4.2.2. Total POS Transaction Value
      • Figure & Table 4.3: Total POS Transaction Values ($bn), Split by 8 Key Regions 2019-2024
    • 4.2.3. Total POS Transaction Volume
      • Figure & Table 4.4: Total number of POS Transactions Per Annum (m), Split by 8 Key Regions 2019-2024
  • 4.3. Contactless POS Market Forecasts
    • 4.3.1. Contactless POS Terminals Installed Base
      • Figure & Table 4.5: Number of Contactless POS Terminals Installed (m), Split by 8 Key Regions 2019-2024
    • 4.3.2. Contactless POS Transaction Value
      • Figure & Table 4.6: Total Contactless POS Transaction Value ($bn), Split by 8 Key Regions 2019-2024
    • 4.3.3. Contactless POS Transaction Volume
      • Figure & Table 4.7: Total Number of Contactless POS Transactions Per Annum (m), Split by 8 Key Regions 2019-2024
  • 4.4. mPOS Market Forecasts
    • 4.4.1. mPOS Terminal Installed Base
      • Figure & Table 4.8: Number of mPOS Terminals Installed (m), Split by 8 Key Regions 2019-2024
    • 4.4.2. mPOS Transaction Value
      • Figure & Table 4.9: Total mPOS Transaction Value ($bn) Split by 8 Key Regions 2019-2024
    • 4.4.3. mPOS Accessory Transaction Service Revenues
      • Figure & Table 4.10: mPOS Transaction Service Revenues per annum ($m) Split by 8 Key Regions 2019-2024
    • 4.4.4. mPOS Transaction Volume
      • Figure & Table 4.11: Total Number of mPOS Transactions Per Annum (m) Split by 8 Key Regions 2019-2024
  • 4.5. Biometric POS Market Forecasts
    • 4.5.1. Biometric POS Terminal Installed Base
      • Figure 4.12: Total Number of Biometric-enabled POS Terminals in Use (m) Split by 8 Key Regions 2019-2024
    • 4.5.2. Biometric Dedicated POS Transaction Value
      • Figure & Table 4.13: Total Value of Biometric Dedicated POS Transactions ($m), Split by 8 Key Regions 2019-2024
    • 4.5.3. Biometric mPOS Transaction Value
      • Figure 4.14: Total Value of Biometric mPOS Transactions ($m), Split by 8 Key Regions 2019-2024
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