Overview and Scope
A point-of-sale terminal is a type of computerized replacement for a cash register that requires a card PIN to enter to complete the transaction and thus processes debit and credit cards. It is a secure method of payment as it eliminates the user errors that can occur during a transaction. Point-of-sale terminal is used to accept payment and keep track of sales.
Sizing and Forecast
The point-of-sale terminals market size has grown strongly in recent years. It will grow from $94.43 billion in 2023 to $102.31 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to digital payment adoption, regulatory compliance, mobile and wireless connectivity, consumer preferences and convenience, small business integration, expansion into various industries..
The point-of-sale terminals market size is expected to see strong growth in the next few years. It will grow to $149.36 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to rapid digital transformation, contactless payment adoption, mobile pos solutions, e-commerce integration.. Major trends in the forecast period include contactless payment solutions, omnichannel integration, mobile pos (mpos) systems, enhanced security measures, cloud-based pos solutions, technological advancements.
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Segmentation & Regional Insights
The point-of-sale terminals market covered in this report is segmented –
1) By Product: Mobile, Fixed
2) By Component: Hardware, Software, Service
3) By Technology: Biometric, Traditional
4) By Operating System: Windows, Linux, MAC
5) By Application : Restaurants, Hospitality, Healthcare, Retail, Warehouse, Entertainment, Other Applications
Top Major Players:
Samsung Electronics Co. Ltd.
NEC Corporation
Panasonic Corporation
Toshiba Corporation
Hewlett-Packard Development Company L. P
Asia-Pacific was the largest region in the point-of-sale terminals market in 2023.
Asia-Pacific was the largest region in the point-of-sale terminals market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the point-of-sale terminals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing demand for contactless and cashless payments is expected to propel the growth of the point-of-sale terminal market going forward. Cashless and contactless payments refer to a payment method that does not involve cash for payment, which is a type of computerized replacement for a cash register. Point of sale terminals accept payments through cards and make cashless purchases possible. For instance, in June 2022, according to India Brand Equity Foundation, an Indian government export promotion agency, contactless transactions accounted for 25% in the year 2020, of all supermarket transactions, which increased to 31% by 2022. Therefore, increasing demand for contactless and cashless payments is driving the point-of-sale terminal market growth.
Key Industry Players
Major companies operating in the point-of-sale terminals market report are Samsung Electronics Co. Ltd., NEC Corporation, Panasonic Corporation, Toshiba Corporation, Hewlett-Packard Development Company L. P., VeriFone Systems Inc., Qashier PTE Ltd., Newland Payment Technology, GK Software SE, PAX Technology Limited, Casio Computer Co. Ltd., iMetrics Pte Ltd, Acrelec Group SAS, AURES Technologies SA, HM Electronics Inc., NCR Corporation, Oracle Corporation, Presto Group LLC, Qu Inc., Quail Digital Limited, Revel Systems Inc., Toast Inc., TouchBistro Inc., Xenial Inc., Aireus Inc., Dinerware Inc., Posist Technologies Private Limited, Ingenico Group S. A., BBPOS Limited, Honeywell International Inc.
The point-of-sale terminals market report table of contents includes:
1. Executive Summary
2. Point-of-Sale Terminals Market Characteristics
3. Point-of-Sale Terminals Market Trends And Strategies
4. Point-of-Sale Terminals Market – Macro Economic Scenario
5. Global Point-of-Sale Terminals Market Size and Growth
…
31. Global Point-of-Sale Terminals Market Competitive Benchmarking
32. Global Point-of-Sale Terminals Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Point-of-Sale Terminals Market
34.Point-of-Sale Terminals Market Future Outlook and Potential Analysis
35. Appendix
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