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

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.