Point Of Sale Pos Terminal Market
Point-of-Sale [POS] Terminal Market Forecasts to 2028 - Global Analysis By Product Type (Wireless Or Mobile and Fixed Or Wired), Component (Software, Hardware, Services, Mining and Metal Fabrication), Deployment (On-Premises and On-Cloud), Operating System (Windows-Based, Android-Based, Linux, MAC and IOS), Technology (Biometric and Traditional), Application (Supermarkets/hypermarkets, Department stores, Convenience stores, Specialty stores and Discount stores), End-User (Hospitality, Retail, Healthcare, Restaurants, Warehouse, Entertainment, Sports, Utilities, Government, Transportation and Education) and Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $83.24 BN |
|
Projected Year Value (2028) |
US $157.39 BN |
|
CAGR (2022 - 2028) |
11.2% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Point-of-Sale [POS] Terminal Market is accounted for $83.24 billion in 2022 and is expected to reach $157.39 billion by 2028 growing at a CAGR of 11.2% during the forecast period. An electronic device characterized as a point-of-sale (POS) terminal, which is controlled by a hardware system enables retail stores to accept card payments without using cash registers to read cards directly. Various businesses, including physical retail stores, hotels, transportation, petrol pump make substantial use of POS systems.
According to the analysis by Capgemini Financial Services 2020, the global volume of cashless transactions grew 14.1% from 2018 to 2019 to reach 708.50 billion.
Market Dynamics:
Driver:
Increasing demand for contactless and cashless payment
Safety, increased savings in accounts, improved money management and flexibility are some of the major benefits of going cashless which attract more customers. Customers can choose cashless payment methods because they can make various digital payments using their banking cards. To mark cashless transactions, users can store their card information in mobile wallets or digital payment apps. Since the COVID-19 epidemic has sparked, worries about the safety of conducting cash transactions, consumers and wholesalers are switching to contactless payment methods to reduce their risk of getting infected by the virus. The point-of-sale terminals industry is experiencing significant growth opportunities as a result of major companies starting to invest in POS terminals to enhance the consumer experience.
Restraint:
Data security concerns can impede the market growth
The global Point-of-Sale [POS] Terminal market expected to hinder growth during the forecast period as insecure networks are highly susceptible to data hacking. Hackers can quickly breach the infrastructure and gain access to vital information and documents, including the credit card information of clients' business accounts. Such data leaks can cause the company to incur significant financial losses and reputation damage.
Opportunity:
Increase in Demand for POS Terminals in SMEs Sector
The global Point-of-Sale [POS] Terminal market is expected to drive growth during the forecast period as brand retail stores and a variety of hospitality-related businesses were the major places to use POS credit card machines. SMEs, on the other hand, are preferring to use these terminals in their companies. Mobile POS systems are widely used by small regional enterprises and micro-businesses in developing nations like China and India to manage their sales and inventory.
Threat:
Malware Infections
POS could become infected with bugs or viruses, just like any other internet-based system, which will prevent it from functioning. This might put a major strain in the work. Moreover, there are techniques to avoid this from happening, but there is still a small chance that it might occur again. If it does, fixing it could be expensive, and customers might stop buying till the problem is fixed.
Covid-19 Impact:
The COVID-19 outbreak had a negative impact on the worldwide economy. Multiple nations implemented nationwide lockdowns and social distancing standards, which had a negative effect on various industries, including the point-of-sale terminal. However, economies are turning their attention from responding to the outbreak to economic recovery, and as a result, different growth opportunities are anticipated to take shape for the market players for point-of-sale terminals due to the rising demand for smooth shopping experiences and the rise in utilisation of smart payment solutions.
The hardware segment is expected to be the largest during the forecast period
The hardware segment is expected to have a lucrative growth due to security risks, the majority of originally set up hardware for the market is built to facilitate efficient transactions. However, the forced distinction driven by the outbreak has accelerated the development of contactless payments with specific features for authentication. The addition of cameras and fingerprint sensors is forcing manufacturers to use larger form sizes, but industry advancements are also allowing them to become smaller in their pursuit of microelectronics.
The android-based segment is expected to have the highest CAGR during the forecast period
Due to the adoption of wireless technologies in mobile handsets, cloud-based and Android POS devices, as well as these advancements, it is estimated that the android-based segment will experience the highest CAGR during the projection period.
Region with largest share:
The Asia Pacific region is estimated to witness a largest share of the global point-of-sale [POS] terminal market during the forecast period as the demand for POS terminals is being fueled by the adoption of debit and credit cards for point-of-sale payments. Additionally, regional market expansion is being fueled by expenditures made by vendors through innovation, strategic partnerships, and mergers and acquisitions. And also, developing new opportunities for the POS terminals market is the expansion of e-commerce in the region.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period due to the widespread knowledge of POS solutions among leading regional retailers, hotels and restaurants, as well as owners of small businesses. The industry in North America is also being driven by the adoption of cutting-edge payment technologies including Near-field Communication (NFC) and biometric payment cards.
Key players in the market
Some of the key players in Point-of-Sale [POS] Terminal market include Toshiba Corporation, Acrelec, HP Company, Castles Technology, Aures Technologies S.A., Oracle Corporation, New POS Technology Limited, Shopify Inc., NEC Corporation, Panasonic Corporation, PAX Technology, Ncr Corporation, Lightspeed Commerce, Inc., Cisco Systems, Infor Inc., Apollo Global Management, Inc., GK Software SE and VeriFone
Key Developments:
In October 2022, Apollo Global Management, Inc. acquired Ingenico, a provider of POS terminals and payment solutions
In May 2022, GK Software SE partnered with Rizing, LLC, an SAP consulting services provider, to develop advanced retail solutions that would be integrated into SAP omnichannel Point-of-Sale (POS) by GK and SAP S/4HANA
In February 2022, VeriFone partnered with DNA Payments to launch its Android Trinity Series POS Terminal in the U.K.
Product Types Covered:
• Wireless Or Mobile
• Fixed Or Wired
Components Covered:
• Software
• Hardware
• Services
• Mining
• Metal Fabrication
Deployments Covered:
• On-Premises
• On-Cloud
Operating Systems Covered:
• Windows-Based
• Android-Based
• Linux
• MAC
• IOS
Technologies Covered:
• Biometric
• Traditional
Applications Covered:
• Supermarkets/hypermarkets
• Department stores
• Convenience stores
• Specialty stores
• Discount stores
End-Users Covered:
• Hospitality
• Retail
• Healthcare
• Restaurants
• Warehouse
• Entertainment
• Sports
• Utilities
• Government
• Transportation
• Education
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Technology Analysis
3.8 Application Analysis
3.9 End User Analysis
3.10 Emerging Markets
3.11 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Point-of-Sale [POS] Terminal Market, By Product Type
5.1 Introduction
5.2 Wireless Or Mobile
5.3 Fixed Or Wired
6 Global Point-of-Sale [POS] Terminal Market, By Component
6.1 Introduction
6.2 Software
6.3 Hardware
6.4 Services
6.5 Mining
6.6 Metal Fabrication
7 Global Point-of-Sale [POS] Terminal Market, By Deployment
7.1 Introduction
7.2 On-Premises
7.3 On-Cloud
8 Global Point-of-Sale [POS] Terminal Market, By Operating System
8.1 Introduction
8.2 Windows-Based
8.3 Android-Based
8.4 Linux
8.5 MAC
8.6 IOS
9 Global Point-of-Sale [POS] Terminal Market, By Technology
9.1 Introduction
9.2 Biometric
9.3 Traditional
10 Global Point-of-Sale [POS] Terminal Market, By Application
10.1 Introduction
10.2 Supermarkets/hypermarkets
10.3 Department stores
10.4 Convenience stores
10.5 Specialty stores
10.6 Discount stores
11 Global Point-of-Sale [POS] Terminal Market, By End-User
11.1 Introduction
11.2 Hospitality
11.3 Retail
11.4 Healthcare
11.5 Restaurants
11.6 Warehouse
11.7 Entertainment
11.8 Sports
11.9 Utilities
11.10 Government
11.11 Transportation
11.12 Education
12 Global Point-of-Sale [POS] Terminal Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa
13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies
14 Company Profiling
14.1 Toshiba Corporation
14.2 Acrelec
14.3 HP Company
14.4 Castles Technology
14.5 Aures Technologies S.A.
14.6 Oracle Corporation
14.7 New POS Technology Limited
14.8 Shopify Inc.
14.9 NEC Corporation
14.10 Panasonic Corporation
14.11 PAX Technology
14.12 Ncr Corporation
14.13 Lightspeed Commerce, Inc.
14.14 Cisco Systems
14.15 Infor Inc.
14.16 Apollo Global Management, Inc.
14.17 GK Software SE
14.18 VeriFone
List of Tables
1 Global Point-of-Sale [POS] Terminal Market Outlook, By Region (2020-2028) ($MN)
2 Global Point-of-Sale [POS] Terminal Market Outlook, By Product Type (2020-2028) ($MN)
3 Global Point-of-Sale [POS] Terminal Market Outlook, By Wireless Or Mobile (2020-2028) ($MN)
4 Global Point-of-Sale [POS] Terminal Market Outlook, By Fixed Or Wired (2020-2028) ($MN)
5 Global Point-of-Sale [POS] Terminal Market Outlook, By Component (2020-2028) ($MN)
6 Global Point-of-Sale [POS] Terminal Market Outlook, By Software (2020-2028) ($MN)
7 Global Point-of-Sale [POS] Terminal Market Outlook, By Hardware (2020-2028) ($MN)
8 Global Point-of-Sale [POS] Terminal Market Outlook, By Services (2020-2028) ($MN)
9 Global Point-of-Sale [POS] Terminal Market Outlook, By Mining (2020-2028) ($MN)
10 Global Point-of-Sale [POS] Terminal Market Outlook, By Metal Fabrication (2020-2028) ($MN)
11 Global Point-of-Sale [POS] Terminal Market Outlook, By Deployment (2020-2028) ($MN)
12 Global Point-of-Sale [POS] Terminal Market Outlook, By On-Premises (2020-2028) ($MN)
13 Global Point-of-Sale [POS] Terminal Market Outlook, By On-Cloud (2020-2028) ($MN)
14 Global Point-of-Sale [POS] Terminal Market Outlook, By Operating System (2020-2028) ($MN)
15 Global Point-of-Sale [POS] Terminal Market Outlook, By Windows-Based (2020-2028) ($MN)
16 Global Point-of-Sale [POS] Terminal Market Outlook, By Android-Based (2020-2028) ($MN)
17 Global Point-of-Sale [POS] Terminal Market Outlook, By Linux (2020-2028) ($MN)
18 Global Point-of-Sale [POS] Terminal Market Outlook, By MAC (2020-2028) ($MN)
19 Global Point-of-Sale [POS] Terminal Market Outlook, By IOS (2020-2028) ($MN)
20 Global Point-of-Sale [POS] Terminal Market Outlook, By Technology (2020-2028) ($MN)
21 Global Point-of-Sale [POS] Terminal Market Outlook, By Biometric (2020-2028) ($MN)
22 Global Point-of-Sale [POS] Terminal Market Outlook, By Traditional (2020-2028) ($MN)
23 Global Point-of-Sale [POS] Terminal Market Outlook, By Application (2020-2028) ($MN)
24 Global Point-of-Sale [POS] Terminal Market Outlook, By Supermarkets/hypermarkets (2020-2028) ($MN)
25 Global Point-of-Sale [POS] Terminal Market Outlook, By Department stores (2020-2028) ($MN)
26 Global Point-of-Sale [POS] Terminal Market Outlook, By Convenience stores (2020-2028) ($MN)
27 Global Point-of-Sale [POS] Terminal Market Outlook, By Specialty stores (2020-2028) ($MN)
28 Global Point-of-Sale [POS] Terminal Market Outlook, By Discount stores (2020-2028) ($MN)
29 Global Point-of-Sale [POS] Terminal Market Outlook, By End-User (2020-2028) ($MN)
30 Global Point-of-Sale [POS] Terminal Market Outlook, By Hospitality (2020-2028) ($MN)
31 Global Point-of-Sale [POS] Terminal Market Outlook, By Retail (2020-2028) ($MN)
32 Global Point-of-Sale [POS] Terminal Market Outlook, By Healthcare (2020-2028) ($MN)
33 Global Point-of-Sale [POS] Terminal Market Outlook, By Restaurants (2020-2028) ($MN)
34 Global Point-of-Sale [POS] Terminal Market Outlook, By Warehouse (2020-2028) ($MN)
35 Global Point-of-Sale [POS] Terminal Market Outlook, By Entertainment (2020-2028) ($MN)
36 Global Point-of-Sale [POS] Terminal Market Outlook, By Sports (2020-2028) ($MN)
37 Global Point-of-Sale [POS] Terminal Market Outlook, By Utilities (2020-2028) ($MN)
38 Global Point-of-Sale [POS] Terminal Market Outlook, By Government (2020-2028) ($MN)
39 Global Point-of-Sale [POS] Terminal Market Outlook, By Transportation (2020-2028) ($MN)
40 Global Point-of-Sale [POS] Terminal Market Outlook, By Education (2020-2028) ($MN)
Note: Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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