What is the global market size of the Point Of Sale Terminals Market?

Global Point Of Sale Terminals Market size was valued at USD 85 billion in 2021 and is poised to grow from USD 94.4 billion in 2022 to USD 181.5 billion by 2030, growing at a CAGR of 8% in the forecast period (2023-2030).

What is the key driver of the Global Point Of Sale Terminals Market?

In a retail environment, agents sell goods to customers in different areas of the store. Many businesses often sell goods/services outside the store, such as farmers' markets, food trucks, or customers' homes, and can use mPoS solutions to securely accept different types of card payments. This significantly improves the customer experience, helps create a complete view of the market, and increases sales opportunities. In the United States, the Europay, Mastercard, and Visa (EMV) migration are also underway, and many merchants require payment solutions that allow them to accept FMV cards. All these factors contribute to the growth of the market.

Point Of Sale Terminals Market Size, Share, Growth Analysis, By Product Type(Fixed POS terminals and Wireless mobile POS), By Component(Hardware and Software), By Region - Industry Forecast 2024-2031

Q: Who are the key vendors in the Global Point Of Sale Terminals Market?

Global point of sale terminals market is highly competitive with the presence of local as well as global companies. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the global market. 'Ingenico Group', 'Verifone Systems, Inc.', 'Toshiba Corporation', 'PAX Global Technology Limited', 'NCR Corporation', 'Diebold Nixdorf, Incorporated', 'Fujitsu Limited', 'NEC Corporation', 'Panasonic Corporation', 'HP Inc.', 'MICROS Systems Inc.', 'Samsung Electronics Co., Ltd.', 'Cisco Systems, Inc.', 'POSCO', 'Hisense Co., Ltd.', 'Wincor Nixdorf AG', 'Oracle Corporation', 'Square, Inc.', 'Shopify Inc.', 'Lightspeed POS Inc.'

Q: Which region accounted for the largest share in the Global Point Of Sale Terminals Market?

On the basis of region, global point of sale terminals market is divided into North America, Europe, Asia Pacific, Latin America, and MEA. Asia Pacific dominated the global market. Rising wages and rising living standards have boosted the retail industry in emerging markets such as India and China, driving retail POS demand. Government measures in this sector are designed to promote a cashless economy and increase demand for POS terminals. Low penetration and demand for mobile POS terminals will create significant growth in emerging Asia Pacific countries such as the Philippines, India, Vietnam, Thailand, and Singapore.

Report ID: SQMIG45J2059 | Region: Global | Published Date: April, 2024
Pages: 197 | Tables: 59 | Figures: 75

Point Of Sale Terminals Market News

In March 2022, Ingenico S.A. announced a partnership with BharatPe. The partnership focuses on providing advanced payment and commerce services to Indian merchants and helps drive the adoption of POS devices in India.

In June 2021, Samsung Electronics introduced the Samsung Kiosk, an all-in-one solution that offers contactless ordering and payment capabilities. Providing customers with easy installation options and a protective coating, the kiosk is now available in the United States, Canada, United Kingdom, Ireland, France, Sweden, Netherlands, Belgium, Spain, Austria, Australia, and 12 countries worldwide. Kiosks have quickly become a part of everyday life, providing consumers with an easy and interactive way to purchase goods and offering businesses an innovative solution to reimagine the workplace and increase efficiency.

Point Of Sale Terminals Market Report Snapshots

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Point Of Sale Terminals Market size was valued at USD 94.40 billion in 2022 and is poised to grow from USD 101.95 billion in 2023 to USD 188.71 billion by 2031, growing at a CAGR of 8% during the forecast period (2024-2031).

point of sale terminals market is highly competitive with the presence of local as well as companies. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the market. 'Ingenico Group', 'Verifone Systems, Inc.', 'Toshiba Corporation', 'PAX Technology Limited', 'NCR Corporation', 'Diebold Nixdorf, Incorporated', 'Fujitsu Limited', 'NEC Corporation', 'Panasonic Corporation', 'HP Inc.', 'MICROS Systems Inc.', 'Samsung Electronics Co., Ltd.', 'Cisco Systems, Inc.', 'POSCO', 'Hisense Co., Ltd.', 'Wincor Nixdorf AG', 'Oracle Corporation', 'Square, Inc.', 'Shopify Inc.', 'Lightspeed POS Inc.'

Increasing demand for mPOS among the population

Technological advancement is a key trend gaining popularity in the point-of-sale terminal market. For example, in September 2021, PAX Technology, a Chinese manufacturer of payment terminals, PIN pads, and point-of-sale hardware and software, launched Android payphones in Amsterdam. In November 2020, Worldline, a France-based payment, and transactional services company acquired Ingenico for a deal value of USD 8.5 billion.

On the basis of region, point of sale terminals market is divided into North America, Europe, Asia Pacific, Latin America, and MEA. Asia Pacific dominated the market. Rising wages and rising living standards have boosted the retail industry in emerging markets such as India and China, driving retail POS demand. Government measures in this sector are designed to promote a cashless economy and increase demand for POS terminals. Low penetration and demand for mobile POS terminals will create significant growth in emerging Asia Pacific countries such as the Philippines, India, Vietnam, Thailand, and Singapore.

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Point Of Sale Terminals Market Size, Share, Growth Analysis, By Product Type(Fixed POS terminals and Wireless mobile POS), By Component(Hardware and Software), By Region - Industry Forecast 2024-2031

Point Of Sale Terminals Market News

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What is the market size of Point Of Sale Terminals Market?

Who are the key vendors in the Point Of Sale Terminals Market?

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Which region accounted for the largest share in Point Of Sale Terminals Market?

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