What is the global market size of Android PoS Market?

Android PoS Market size was valued at USD 7031 million in 2021 and is poised to grow from USD 9098.1 million in 2022 to USD 71519.6 million by 2030, growing at a CAGR of 29.4% in the forecast period (2023-2030).

Who are the key vendors in the Global Android PoS Market?

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. 'Ingenico Group', 'PAX Technology Limited', 'Verifone Systems, Inc.', 'Toshiba Corporat'

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

Q: Which region accounted for the largest share in Android PoS Market?

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.

Report ID: SQMIG45J2056 | Region: Global | Published Date: July, 2024
Pages: 197 | Tables: 117 | Figures: 77

Android PoS Market News

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 Market Report Snapshots

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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 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 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. '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.'

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.

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.

Asia Pacific is expected to dominate the 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.

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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

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What is the market size of Android PoS Market?

Who are the key vendors in the Android PoS Market?

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What is the key market trend for Android PoS Market?

Which region accounted for the largest share in Android PoS Market?

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