Point of Sale Terminals Market

Point-Of-Sale Terminals Market size reached USD 91.8 billion in 2022 and is estimated to reach USD 176.3 billion in 2030 and the market is estimated to grow at a CAGR of 8.5% from 2023-2030.

Overview of the Global Point-Of-Sale Terminals Market Report

A point-of-sale (POS) terminal refers to an electronic device used for processing card payments at retail locations without any use of cash registers and helps in reading the cards directly. The point-of-sale terminal offers recording of sale transaction, printing of receipt, and sending receipt via email or text to the buyer. Additionally, it also enables users to record and track customer order details and credit & debit cards and can be connected to other systems.

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Market Dynamic

Key Drivers and Emerging Trends

The global Point-Of-Sale Terminals market is expected to grow at a significant CAGR during the forecast period primarily due to the growing demand of contactless and cashless payments across the world amid the outbreak of COVID 19 pandemic. In addition, rising internet connectivity, increasing advancements in networking infrastructure, development of advanced payment solutions by manufacturers are further stimulating the demand for POS terminals over the forecast period. Moreover, various benefits offered by the POS terminals that includes mobility, ease to use, lesser cost of deployment, quick invoicing and payment, keeping track of inventory, safe payment, customer data analysis, and storing employee information is expected to boost the market growth. Furthermore, the accelerating adoption of point-of-sale terminals from several industries including retail, healthcare, entertainment, and hospitality owing to the increasing customer preference for card-based transactions, adoption of network-connected smart devices, and rising demand for mobile point of sale terminals in these end-use industries is expected to provide huge growth opportunities to the market in the coming years.

Restraints in the Global Point-Of-Sale Terminals Market

Strict regulations such as penalties for security breaches in EPOS systems and protocols for securing customer records, extensive government certifications is one of the major factors that is expected to hamper the growth of the POS terminals market. Moreover, rising data privacy and security concerns is further anticipated to restraint the market growth over the forecast period.

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Component – Segment Analysis

Based on component, the software segment is anticipated to grow at a higher CAGR during the forecast period. This is primarily due to the advancements in cloud computing and growing utilization of software-as-a-service (SAAS) platforms for POS terminals. Additionally, development of advanced software solutions and increasing need for updating the POS software for performing several tasks including barcode scanning, data restoring and backup features, inventory management, and customer data analysis among other functionalities is further escalating the growth of the market.

Type – Segment Analysis

On the basis of the type, mobile of sale terminal segment is expected to grow at a significant CAGR over the forecast period owing to its various advantageous features including higher portability, scalability, better customer experience, shorter checkout and return lines, easy payment authentication, and minimal setup. Moreover, increasing application of mobile POS terminals equipped with near field communication (NFC) technology is further driving the market growth owing to the benefits of highly secured and contactless payment option.

End-Use Industry – Segment Analysis

On the basis of end-use industry, the retail industry segment is projected to lead the POS terminal market during the forecast period. This can be attributed to the rapid digitization in the retail sector such as the adoption of wireless technology, use of mobile POS terminals, and growing demand for secure digital payment techniques in supermarkets, hypermarkets, warehouses, convenience stores, and specialty stores among others. Increasing deployment of POS terminals to automate employee, inventory, and customer management in retail industry is further supporting the market growth.

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Regional – Segment Analysis

Based on the Region, Asia-Pacific region is anticipated to witness a grow at a faster CAGR in the Point-Of-Sale Terminals market during the forecast period. This is primarily due to the rising per capita income of population and the accelerating number of industries including retail, hospitality, and entertainment in the growing economies including China, Japan, India, and South Korea. According to the Reserve Bank of India, in December 2019, there were around 49 lakh PoS terminals across India and they have grown at a CAGR of 35% from 2014 to 2019. On the other hand, North America is projected to dominate the market owing to the rapid economic development, increasing adoption mobile POS terminals by industries, and rise in the demand of hassle-free shopping together with online and cashless payment among consumers. 

Top Market Players

Various notable players operating in the market include NCR Corporation, Lightspeed POS Inc., Samsung Electronics Co. Ltd., Hewlett Packard Enterprise Development LP, Seiko Epson Corporation, Infor, Inc., Ingenico Group, Cisco Systems, Inc., Panasonic Corporation, and VeriFone, Inc., among others.

Key Developments:

• • In 2020, Lightspeed POS Inc., one of the leading providers of cloud-based POS systems acquired Upserve Inc., one of the prominent restaurant management cloud-software companies. This acquisition is expected to strengthen Lightspeed’s position in the restraint end-use industry segment across the United States.
  • In 2019, NCR Corporation acquired POS Solutions, one of the leading point-of-sale and restaurant solutions providers. This is expected to increase the company’s capabilities in delivering POS solutions in local restaurant markets in central Texas, U.S.

Segments Covered in the Report:

The global Point-Of-Sale Terminals market has been segmented on the basis of component, type, end-use industry, and regions. Based on component, the market is segmented into hardware, software, and services. Based on type, the market is segmented into fixed point of sale terminals and mobile point of sale terminals. Based on end-use industry, the market is segmented into entertainment, hospitality, healthcare, retail, and others. 

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Key questions answered in this research report:

• • At what pace is global Point-Of-Sale Terminals market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Point-Of-Sale Terminals market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Point-Of-Sale Terminals market?
  • Which type generated maximum revenues in 2019 and identify the most promising type during the forecast period?
  • What are the various end-use industries of global Point-Of-Sale Terminals market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Revenues (2022)	USD 91.8 billion
Market Base Year	2022
Market Forecast Period	2023-2030
Base Year & Forecast Units	Revenues (USD Billion)
Market Segment	By Component, By Type, By End-Use Industry, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	NCR Corporation, Lightspeed POS Inc., Samsung Electronics Co. Ltd., Hewlett Packard Enterprise Development LP, Seiko Epson Corporation, Infor, Inc., Ingenico Group, Cisco Systems, Inc., Panasonic Corporation, and VeriFone, Inc. among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Point-Of-Sale Terminals Market by Component

• • Hardware
  • Software
  • Services

Global Point-Of-Sale Terminals Market by Type

• • Fixed Point of Sale Terminals
  • Mobile Point of Sale Terminals

Global Point-Of-Sale Terminals Market by End-Use Industry

• • Entertainment
  • Hospitality
  • Healthcare
  • Retail
  • Others

Global Point-Of-Sale Terminals Market by Region

• • North America Point-Of-Sale Terminals Market (Option 1: As a part of the free 25% customization)

    • By Component
    • By Type
    • By End-Use Industry
    • US Point-Of-Sale Terminals Market All-Up
    • Canada Point-Of-Sale Terminals Market All-Up

  • Europe Point-Of-Sale Terminals Market (Option 2: As a part of the free 25% customization)

    • By Component
    • By Type
    • By End-Use Industry
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Point-Of-Sale Terminals Market (Option 3: As a part of the free 25% customization)

    • By Component
    • By Type
    • By End-Use Industry
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Point-Of-Sale Terminals Market (Option 4: As a part of the free 25% customization)

    • By Component
    • By Type
    • By End-Use Industry
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Point-Of-Sale Terminals (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • NCR Corporation
  • Lightspeed POS Inc. 
  • Samsung Electronics Co. Ltd.
  • Hewlett Packard Enterprise Development LP
  • Seiko Epson Corporation
  • Infor, Inc.
  • Ingenico Group
  • Cisco Systems, Inc.
  • Panasonic Corporation
  • VeriFone, Inc.