According to a recent research from Berg Insight, the global installed base of NFC POS terminals will grow at a compound annual growth rate of 28.4% from 21.4 million in 2014 to 74.9 million in 2019.
An estimated 9.5 million NFC POS terminals were shipped worldwide in 2014, the report reveals.
The report points out that the highest shipments for NFC-ready POS terminals recorded in 2014 were in Europe and North America, where 80% and 75% respectively of the devices shipped featured NFC. On a global basis, 2 out of every 5 POS terminals shipped in 2014 included the technology.
Furthermore, Berg Insight estimates that approximately 9 million POS terminals accepted contactless payments with Visa PayWave, MasterCard PayPass or UnionPay QuickPass at the end of 2014. This is a major increase from 2012, when just 2.6 million POS terminals worldwide had the contactless features enabled, the research concludes.