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Point Of Sale Pos Terminal Market Size, Share, Industry Trends and Forecast to 2030

Point Of Sale Pos Terminal Market Research Report – Segmented By Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2030.


  • Published date -30th Jan 2024

  • Formats -PDF, CSV

  • Region -Global

1. Market Size & CAGR of Point Of Sale Pos Terminal Market in 2021

The global Point Of Sale (POS) Terminal market had a market size of USD 62.34 billion in 2021. It is expected to grow at a compound annual growth rate (CAGR) of 6.7% during the forecast period from 2021 to 2026. The market is projected to reach a value of USD 89.72 billion by the end of 2026, indicating steady growth and expansion in the POS terminal industry.

2. COVID-19 Impact on the Point Of Sale Pos Terminal Market

The COVID-19 pandemic had a significant impact on the Point Of Sale (POS) Terminal market worldwide. With the implementation of lockdowns, social distancing measures, and restrictions on physical retail stores, the demand for POS terminals initially experienced a decline. However, as businesses adapted to the new normal and shifted towards online and contactless transactions, the market saw a resurgence in demand for POS terminals that support digital payments and e-commerce operations.

The pandemic accelerated the adoption of innovative POS solutions such as mobile POS systems, self-service kiosks, and cloud-based POS platforms. Businesses across various industries, including retail, hospitality, healthcare, and entertainment, increasingly embraced these advanced POS technologies to enhance customer experience, streamline operations, and ensure a safe and seamless payment process amid the crisis.

3. Point Of Sale Pos Terminal Dynamics

The Point Of Sale (POS) Terminal market is driven by several key factors that contribute to its growth and evolution. These dynamics include technological advancements in POS hardware and software, the transition towards omnichannel retailing, the rising preference for cashless and contactless payments, the increasing demand for personalized shopping experiences, and the growing focus on data analytics and business intelligence in retail and hospitality sectors.

Furthermore, the emergence of e-commerce platforms, digital wallets, mobile payment apps, and blockchain-based payment solutions has revolutionized the POS landscape, prompting businesses to invest in versatile and secure POS terminals that can cater to diverse payment methods and customer preferences. The POS terminal industry continues to innovate and adapt to changing consumer behaviors, market trends, and regulatory requirements to stay competitive and relevant in the dynamic retail environment.

4. Segments and Related Analysis

The Point Of Sale (POS) Terminal market can be segmented based on the type of POS terminals, deployment mode, end-user industry, and geography. The primary types of POS terminals include mobile POS, countertop POS, smart POS, and self-service kiosks. Each type caters to specific business needs and preferences, offering unique features, functionalities, and benefits for retailers, restaurants, hotels, and other service providers.

In terms of deployment mode, POS terminals can be classified as on-premises POS systems, cloud-based POS systems, and hybrid POS systems. Businesses can choose the deployment model that aligns with their IT infrastructure, budget, scalability, and security requirements. The end-user industries that utilize POS terminals extensively include retail, hospitality, healthcare, entertainment, transportation, and BFSI (Banking, Financial Services, and Insurance).

5. By Region Analysis

The Point Of Sale (POS) Terminal market is geographically diversified, with key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa driving market growth and innovation. North America holds a significant market share attributed to the presence of established retail chains, technological advancements, and high consumer spending on electronics and digital commerce.

In comparison, Europe is a lucrative market for POS terminals due to stringent regulations, evolving payment ecosystem, and the growing popularity of omnichannel retailing. Asia Pacific is witnessing rapid adoption of POS solutions owing to the surge in e-commerce activities, digital transformation initiatives, and increasing investments in retail infrastructure across developing economies.

Latin America and Middle East & Africa regions are also experiencing growth in the POS terminal market driven by rising disposable income, changing consumer behaviors, and government initiatives to promote digital payments and financial inclusion. Each region presents unique opportunities and challenges for POS terminal manufacturers, solution providers, and retailers seeking to expand their market presence and enhance customer engagement.

6. Key Market Players and Competitive Landscape

The Point Of Sale (POS) Terminal market features a competitive landscape with several prominent players dominating the industry. Key market players include Verifone Systems Inc., Ingenico Group, PAX Technology, NCR Corporation, Square Inc., Toshiba Global Commerce Solutions, Diebold Nixdorf, Shopify Inc., Revel Systems, and Lightspeed POS Inc. These companies offer a wide range of POS hardware, software, and payment processing solutions tailored to the needs of small, medium, and enterprise-level businesses worldwide.

The competitive dynamics in the POS terminal market are influenced by factors such as product innovation, pricing strategies, partnerships, mergers and acquisitions, and market expansion initiatives. Market players are continuously investing in R&D to enhance their product portfolios, improve user interfaces, strengthen security features, and integrate advanced technologies like AI (Artificial Intelligence), IoT (Internet of Things), and blockchain into their POS systems to deliver seamless and secure payment experiences to customers.

7. Recent Happenings in the Point Of Sale Pos Terminal Market

The Point Of Sale (POS) Terminal market has witnessed several recent developments and trends that have reshaped the industry and influenced market dynamics. Some notable happenings include the introduction of contactless payment technologies, the surge in mobile POS adoption, the rise of omnichannel retail strategies, the growth of POS-as-a-Service (POSaaS) models, the integration of biometric authentication, the emergence of blockchain-based POS systems, and the increasing emphasis on data security and compliance with PCI DSS (Payment Card Industry Data Security Standard).

Additionally, the COVID-19 pandemic has accelerated the digital transformation of the retail sector, prompting businesses to invest in cloud-based POS solutions, curbside pickup options, virtual storefronts, and AI-powered analytics tools to adapt to changing consumer preferences and market conditions. The POS terminal market continues to evolve and innovate in response to shifting demands, technological advancements, and regulatory changes, paving the way for a more integrated, intelligent, and customer-centric approach to point of sale transactions.

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