USD 9.1 billion
Android PoS Market Size, Share, Growth Analysis, By Type(Portable PoS, Mobile PoS, and Desktop PoS), By Component(Hardware, Software, and Services), By Deployment(On-premises, and cloud-based), By End-user(Retail, restaurant, hospitality, and others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45J2056 |
Region:
Global |
Published Date: July, 2024
Pages:
197
|Tables:
117
|Figures:
77
Android PoS Market Insights
Global Android PoS Market size was valued at USD 9.1 billion in 2022 and expected to grow from USD 11.78 billion in 2023 to reach USD 92.47 billion by 2031, at a CAGR of 29.4% during the forecast period (2024-2031).
The global android point of sale market growth is extremely rapid due to the growing popularity of digital payment solutions and the expansion in retail and hospitality sectors globally. The android PoS systems have become popular, not with standing their user friendly interfaces, scalability as well as its affordability, they are preferred by both the small and big companies.
The need for Android PoS solutions is further augmented by the growing traction of omnichannel retailing which tries to integrate and seamless experience payments from any point. Additionally, the interest in effective and reserved processes combined with real-time analytics is driving organizations to implement Android PoS systems.
This is how innovation occurs in the market due to application of highly advanced features such as biometric implementation, NFC technology and cloud-implemented solutions which take the money transferring process a step further by ensuring availability of a secure payment environment while offering uncrested ambiance for both retailers and customers.
With business practices shifting to businesses engaging their customers as a way of establishing loyalty programs and personalized services, Android PoS systems emerge as crucial in enabling these strategic endeavors. The market competitive landscape is dominated by major players as they provide iOS POS solutions with a wide range of strategic partnerships and collaborations for the purpose of increasing their market presence.
The continent of Asia-Pacific has an emerging strength as a base for the growth hub in the Android PoS market. This is due to high digitalization in economies, thriving retail sector and small and medium enterprises adoption in modern payment systems solutions Although the market appears to be a promising one, security challenges on issues of interoperability and lack of standardization regulation facts that need urgent attention industry key actors must reconcile with.
To conclude, the global Android PoS market will continue to grow at a fast rate while businesses consider ways of consolidating their digital transformation process, use mobile payment solutions that are agile and time-saving based on consumers’ needs as well as demands to improve operations.
US Android PoS Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Portable POS
Fastest Growth
Desktop POS
Growth Rate
29.4% CAGR
Global Android POS Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Android PoS Market Segmental Analysis
The global Android PoS market is segmented into type and applications. Based on type, the global market is segmented into portable PoS, Mobile PoS, and Desktop PoS. Based on application, the global market is segmented into retail, restaurant, hospitality, and others. Region wise, the global market is widespread into North America, Europe, Latin America, Asia Pacific, and the MEA.
Android PoS Market Analysis by Type
Portable PoS segment is expected to dominate the global market during the forecast period. Portability provides flexibility in the payment processing. Android PoS provides multiple advantages such as enhanced customer service, decentralized point of sale, efficient and reliable transactions, improved store flow, accept modern payments type, enhanced security, and transformed customer experience. For example, Clover Flex is a portable PoS system that acts as the focal point of customer interactions. It can serve multiple functions from checking customer detail to providing immediate and critical information that the staff needs to better serve their customers. It is compatible with Wi-Fi and LTE networks, and the businesses can provide excellent customer service by completing transactions at all times.
Desktop PoS systems are expected to register the fastest growth rate during the forecast period. One of the biggest advantages of the desktop PoS system is that it is 100% uptime. Other advantages include one-time installation cost, customizable, device compatibility, and data security.
Android PoS Market Analysis by Application
Retail segment is expected to dominate the global market during the forecast period. The growth of this segment is attributed to rising interest in cashless transactions among consumers, improved data visibility, and enhanced service delivery. For instance, National Retail Solutions created the PoS+ so that hard working businesses can have the same opportunities as bigger grocery stores as it offers countless advantages. Independent stores, such as small shops, present at a single location are highly adopting retail PoS terminals for providing customers with digital payment services.
Global Android POS Market By Type
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Android PoS Market Regional Insights
Asia Pacific is expected to dominate the global market during the forecast period with China contributing the leading share. The growth of this market is attributed to the rise in e-commerce activities, surge in financial frauds, rapid digitalization of the healthcare sector, and increasing consumer interest in cashless transactions. For instance, in 2021, there were approximately 38.94 million point-of-sale terminals processing cashless payments in China, an almost ten per cent increase from the year prior.
North America is expected to account for the significant growth during the forecast period. The US dominated the North America region. The robust adoption rate of credit cards and debit cards at the point-of-sale in the US is also providing a favourable landscape for this regional market. According to Worldpay, the major payment methods in stores in the United States included credit cards (38%), followed by debit cards (29%), and cash (12%). Thus, this region is further projected to continue dominating the market in the forecast period.
Global Android POS Market By Region
- Largest
- Fastest
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Android PoS Market Dynamics
Android PoS Market Driver
Growing Consumer Interest in Cashless Transactions
- Recently, there has been a rapid adoption of digitalization by all small and large industries to produce new products and services to enhance customer satisfaction. These solutions allow customers to have multiple options for making different digital and contactless payment types. The adoption of electronic payment methods has increased the demand for these systems as they provide flexibility, safety, accurate money management, and reduces human error in billing. The growing use of smartphones is the main factor that increases the consumer interest in the cashless transactions. Hence, consumer’s primary focus on adopting cashless payment method is estimated to promote Android PoS market growth during the forecast period.
Android PoS Market Restraint
Data Security Concerns
- Many retailers and businesses adopted the Android PoS system. However, there are some risks associated such as device fault, phishing attacks, and software & network weakness. There is a high possibility that data can be hacked in unsecured networks. Hackers can easily penetrate the infrastructure and access crucial data and records such as credit cards details of customer’s business accounts. Such type of data leakage leads to substantial financial loss of the business and damages the reputation. Hence, breaching of data due to lack of encrypted security may hinder market growth.
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Android PoS Market Competitive Landscape
The global Android PoS market is highly competitive and fragmented in nature owing to the presence of multiple players. Major players adopted strategies such as mergers, acquisitions, product launches, product approvals, and others to strengthen their position in the global competition. Others are anticipated to encash the rise in demand for android PoS system sales that is currently on high escalation and ensure a significant position in the overall market competition.
Android PoS Market Top Player's Company Profiles
- Ingenico Group
- PAX Technology Limited
- Verifone Systems, Inc.
- Toshiba Corporation
- NCR Corporation
- Panasonic Corporation
- BBPOS Limited
- Shenzhen Xinguodu Technology Co., Ltd.
- Newland Payment Technology Co. Ltd.
- Clover Network, Inc.
- Square, Inc.
- First Data Corporation
- Oracle Corporation
- Samsung Electronics Co., Ltd.
- Fujitsu Limited
- NEC Corporation
- MobiWire SAS
- Zebra Technologies Corporation
- Honeywell International Inc.
- Star Micronics Co., Ltd.
Android PoS Market Recent Developments
- In January 2024, fintech unicorn Razorpay launched instant refunds for failed Unified Payments Interface (UPI) transactions on its POS devices to allow merchants to offer a more seamless payment experience to their customers.
- In January 2024, Fortis, a payment solutions provider, announced its entry into the UAE market with an integrated POS and Customer Relationship Management system. Key features include operation through web and android smartPOS: the system works online through web platforms and Android POS smart terminals.
- In December 2023, Spain’s CaixaBank implemented a new functionality that enables blind people to make purchases with increased security at establishments with touch POS terminals. This functionality, launched in collaboration with ONCE, will be updated automatically on all latest generation Android POS terminals (tactile devices, without buttons) provided by CaixaBank to establishments.
Android PoS Key Market Trends
- One of the significant market trends in the Android PoS market is the integration of AI in the Android PoS systems. Such systems can automatically fulfil orders and initiate re-orders based on stock levels. This eases the process of inventory management to a purely supervisory task for managers. Additionally, PoS systems are capable of offering insights into changing customer behaviour and responses to different products. This can be used in the marketability of a new product.
Android PoS Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global Android PoS market analysis, the growing consumer interest in cashless payment, technological advancements, increasing governments support due to rising financial frauds are the factors boosting the market during the forecast period. In addition, increasing prevalence of smartphones is the major factor that drives the market growth. Risk associated with data security may hamper the market growth. Asia Pacific dominates the global market during the forecast period.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 9.1 billion |
| Market size value in 2031 | USD 92.47 billion |
| Growth Rate | 29.4% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Android PoS Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Android PoS Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Android PoS Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Android PoS Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Android PoS Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Android PoS Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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