Point-Of-Sales Market Size, Share, Growth Analysis, By Type(Fixed POS, Mobile POS), By Component(Hardware, Software, Services), By End-User(Restaurants, Retail, Entertainment, Others), By Region - Industry Forecast 2024-2031

Global Point of Sale (PoS) market, was valued at USD 29.27 billion in 2019, and is expected to grow from USD 33.90 in 2023 to reach USD 109.61 billion by 2031, at a robust CAGR of 15.8% over the forecast period (2024-2031).

A Point of Sale system refers to the combination of hardware and software that facilitates transactions between businesses and consumers. Traditional cash registers are being replaced by advanced POS solutions, which include touch-screen terminals, barcode scanners, receipt printers, and software applications that manage inventory, process payments, and generate sales reports.

The global point of sale (POS) market has witnessed considerable growth, driven by the ongoing digital transformation in the retail and hospitality sectors. The market's expansion is fueled by the need for improved operational efficiency, enhanced customer experiences, and the integration of omnichannel retail strategies.

POS systems streamline the checkout process and enable businesses to gather valuable data on consumer behavior, inventory management, and sales performance. The adoption of cloud-based POS solutions also contributes to market growth, offering scalability and flexibility for businesses of all sizes. With the rise of e-commerce, mobile payments, and the demand for contactless transactions, the global POS market is expected to continue growing, with technology innovations playing an important role in shaping the future of retail and hospitality transactions.

US Point-Of-Sales Market is poised to grow at a sustainable CAGR for the next forecast year.