Point Of Sale Terminals
Point-Of-Sale Terminals Market Forecasts to 2030 - Global Analysis By Product (Fixed POS Terminals and Mobile POS Terminals (mPOS)), Component, Deployment Mode, Application, End User and By Geography
According to Stratistics MRC, the Global Point-Of-Sale Terminals Market is accounted for $100.24 billion in 2024 and is expected to reach $152.62 billion by 2030 growing at a CAGR of 10.6% during the forecast period. Point-of-sale (POS) terminals are electronic devices used in retail environments to complete transactions. They typically consist of a combination of hardware and software that allows customers to make payments for goods or services. POS terminals can accept various forms of payment, including credit cards, debit cards, mobile payments, and cash. These terminals play a crucial role in processing transactions securely, recording sales data, managing inventory, and generating receipts for customers.
According to the Reserve Bank of India, there were more than 4.7 million PoS terminals recently in India. Also, the region has leapfrogged as much as five times, already meeting projections for 2025. (n=13,000).
Market Dynamics:
Driver:
Rise in contactless payment methods
As consumers increasingly prefer quick and secure transactions, the demand for POS terminals capable of accepting contactless payments has surged. Businesses across various sectors are adopting these terminals to enhance customer experience and streamline transactions. Additionally, advancements in technology, such as near field communication (NFC) and mobile wallets, have further accelerated this trend, driving innovation and expansion in the POS terminals market to meet the evolving needs of businesses and consumers alike.
Restraint:
Risk of data breaches and cyber-attacks
POS terminals are susceptible to data breaches and cyber-attacks due to the sensitive financial information they handle. Hackers target these systems to steal credit card data, personal information, or execute fraudulent transactions. Such breaches not only compromise customer trust but also lead to financial losses for businesses through fines, legal liabilities, and damage to reputation. Consequently, these security concerns hinder market growth.
Opportunity:
Escalating demand for omni-channel retailing
With consumers expecting seamless shopping experiences across various channels, retailers are increasingly adopting POS systems capable of integrating online and offline sales data. These systems enable retailers to manage inventory more efficiently, offer personalized promotions, and provide consistent customer experiences across all touch points. As a result, the demand for advanced POS terminals equipped with omni-channel capabilities continues to rise, driving market expansion and innovation in retail technology solutions.
Threat:
High initial investment
The high initial investment in point-of-sale (POS) terminals stems from the need for sophisticated hardware, software, and implementation services. Businesses must invest in reliable hardware such as terminals, card readers, and peripherals, as well as software licenses and integration with existing systems. Additionally, there are costs associated with training staff and ongoing technical support. This significant upfront expenditure can deter smaller businesses from adopting modern POS solutions, thereby limiting market penetration.
Covid-19 Impact
The covid-19 pandemic significantly impacted the point-of-sale (POS) terminals market. Lockdowns and social distancing measures led to reduced foot traffic in retail establishments, slowing POS terminal deployments. However, there was a surge in demand for contactless payment solutions to minimize physical contact, driving the adoption of POS terminals capable of accepting such payments. Economic uncertainty and supply chain disruptions also affected market growth, causing delays in installations and reduced spending by businesses.
The e-commerce integration segment is expected to be the largest during the forecast period
The e-commerce integration segment is estimated to have a lucrative growth. POS terminals play a crucial role in e-commerce integration applications by facilitating secure transactions between online merchants and customers. Through real-time connectivity, they enable efficient inventory management, order processing, and customer data tracking. In essence, POS terminals serve as the bridge between online retail platforms and financial transactions, enhancing the overall e-commerce experience.
The retail segment is expected to have the highest CAGR during the forecast period
The retail segment is anticipated to witness the highest CAGR growth during the forecast period. In retail applications, POS terminals serve as the central hub for transactions, inventory management, and customer service. These terminals streamline the checkout process, enabling efficient payment processing through various methods like credit cards, debit cards, and cash. With features like barcode scanning and receipt printing, POS terminals enhance operational efficiency and provide a seamless shopping experience for both customers and retailers.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period. Factors such as rapid urbanization, increasing disposable incomes, and the proliferation of retail establishments are driving market expansion. Additionally, government initiatives promoting digital payments and financial inclusion are further accelerating market growth. The adoption of advanced POS technologies, including mobile and cloud-based solutions, is on the rise. The emergence of innovative POS technologies tailored to local preferences and regulatory environments also contribute to the market's dynamism in the Asia-Pacific region.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, driven by factors such as technological advancements, rising adoption of contactless payments, and the proliferation of e-commerce. With a highly developed retail sector and a strong inclination towards digital payments, North America boasts a significant demand for POS solutions. Key players in the market continuously innovate to meet evolving consumer needs, offering solutions with advanced features. This competitive landscape fosters innovation and drives growth in the POS terminals market throughout the region.
Key players in the market
Some of the key players profiled in the Point-Of-Sale Terminals Market include Oracle Corporation, Panasonic Corporation, NEC Corporation, Samsung Electronics Corporation, Hewlett-Packard Inc, PhonePe, NCR Corporation, Newland Payment Technology, Ingenico Group, VeriFone Systems Inc., Casio Computer Corporation, Toshiba Corporation, Posiflex Technology Limited, Centerm Information Corporation, PAX Technology, Adyen and Diebold Systems Private Limited.
Key Developments:
In July 2023, PhonePe has launched a new device called point-of-sale (POS) that allows merchants to accept payments through debit cards, credit cards, and UPI. This device comes with the PhonePe POS App installed and supports various transaction methods such as tap, swipe, dip, and interoperable dynamic QR codes.
In July 2023, Posiflex launched the world's first POS terminal featuring a clamshell design that optimizes maintenance efficiency, conserves space and enhances operational security. Through its clamshell, screwless and modular design, Haydn ZT Series enables effortless lifting of the monitor using a touch button, providing convenient access to internal modular components for easy repairs, replacements and upgrades.
Products Covered:
• Fixed POS Terminals
• Mobile POS Terminals (mPOS)
Components Covered:
• Hardware
• Software
• Services
Deployment Modes Covered:
• On-premise
• Cloud-based
Applications Covered:
• Sales Reporting
• Inventory Management
• Customer Relationship Management (CRM)
• Employee Management
• Billing & Invoicing
• E-commerce Integration
• Analytics & Reporting
• Other Applications
End Users Covered:
• Retail
• Hospitality
• Healthcare
• Transportation
• Banking
• Entertainment
• Other End Users
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 2022, 2023, 2024, 2026, and 2030
- 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
o 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 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 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 Terminals Market, By Product
5.1 Introduction
5.2 Fixed POS Terminals
5.2.1 Traditional POS Systems
5.2.2 Self-checkout Systems
5.2.3 Kiosks
5.3 Mobile POS Terminals (mPOS)
5.3.1 Smartphone/Tablet-based POS systems
5.3.2 Portable Handheld Devices
6 Global Point-Of-Sale Terminals Market, By Component
6.1 Introduction
6.2 Hardware
6.2.1 Terminals
6.2.2 Cash Drawers
6.2.3 Barcode Scanners
6.2.4 Receipt Printers
6.2.5 Card Readers
6.3 Software
6.4 Services
7 Global Point-Of-Sale Terminals Market, By Deployment Mode
7.1 Introduction
7.2 On-premise
7.3 Cloud-based
8 Global Point-Of-Sale Terminals Market, By Application
8.1 Introduction
8.2 Sales Reporting
8.3 Inventory Management
8.4 Customer Relationship Management (CRM)
8.5 Employee Management
8.6 Billing & Invoicing
8.7 E-commerce Integration
8.8 Analytics & Reporting
8.9 Other Applications
9 Global Point-Of-Sale Terminals Market, By End User
9.1 Introduction
9.2 Retail
9.3 Hospitality
9.4 Healthcare
9.5 Transportation
9.6 Banking
9.7 Entertainment
9.8 Other End Users
10 Global Point-Of-Sale Terminals Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Oracle Corporation
12.2 Panasonic Corporation
12.3 NEC Corporation
12.4 Samsung Electronics Corporation
12.5 Hewlett-Packard Inc
12.6 PhonePe
12.7 NCR Corporation
12.8 Newland Payment Technology
12.9 Ingenico Group
12.10 VeriFone Systems Inc.
12.11 Casio Computer Corporation
12.12 Toshiba Corporation
12.13 Posiflex Technology Limited
12.14 Centerm Information Corporation
12.15 PAX Technology
12.16 Adyen
12.17 Diebold Systems Private Limited
List of Tables
1 Global Point-Of-Sale Terminals Market Outlook, By Region (2022-2030) ($MN)
2 Global Point-Of-Sale Terminals Market Outlook, By Product (2022-2030) ($MN)
3 Global Point-Of-Sale Terminals Market Outlook, By Fixed POS Terminals (2022-2030) ($MN)
4 Global Point-Of-Sale Terminals Market Outlook, By Traditional POS Systems (2022-2030) ($MN)
5 Global Point-Of-Sale Terminals Market Outlook, By Self-checkout Systems (2022-2030) ($MN)
6 Global Point-Of-Sale Terminals Market Outlook, By Kiosks (2022-2030) ($MN)
7 Global Point-Of-Sale Terminals Market Outlook, By Mobile POS Terminals (mPOS) (2022-2030) ($MN)
8 Global Point-Of-Sale Terminals Market Outlook, By Smartphone/Tablet-based POS systems (2022-2030) ($MN)
9 Global Point-Of-Sale Terminals Market Outlook, By Portable Handheld Devices (2022-2030) ($MN)
10 Global Point-Of-Sale Terminals Market Outlook, By Component (2022-2030) ($MN)
11 Global Point-Of-Sale Terminals Market Outlook, By Hardware (2022-2030) ($MN)
12 Global Point-Of-Sale Terminals Market Outlook, By Terminals (2022-2030) ($MN)
13 Global Point-Of-Sale Terminals Market Outlook, By Cash Drawers (2022-2030) ($MN)
14 Global Point-Of-Sale Terminals Market Outlook, By Barcode Scanners (2022-2030) ($MN)
15 Global Point-Of-Sale Terminals Market Outlook, By Receipt Printers (2022-2030) ($MN)
16 Global Point-Of-Sale Terminals Market Outlook, By Card Readers (2022-2030) ($MN)
17 Global Point-Of-Sale Terminals Market Outlook, By Software (2022-2030) ($MN)
18 Global Point-Of-Sale Terminals Market Outlook, By Services (2022-2030) ($MN)
19 Global Point-Of-Sale Terminals Market Outlook, By Deployment Mode (2022-2030) ($MN)
20 Global Point-Of-Sale Terminals Market Outlook, By On-premise (2022-2030) ($MN)
21 Global Point-Of-Sale Terminals Market Outlook, By Cloud-based (2022-2030) ($MN)
22 Global Point-Of-Sale Terminals Market Outlook, By Application (2022-2030) ($MN)
23 Global Point-Of-Sale Terminals Market Outlook, By Sales Reporting (2022-2030) ($MN)
24 Global Point-Of-Sale Terminals Market Outlook, By Inventory Management (2022-2030) ($MN)
25 Global Point-Of-Sale Terminals Market Outlook, By Customer Relationship Management (CRM) (2022-2030) ($MN)
26 Global Point-Of-Sale Terminals Market Outlook, By Employee Management (2022-2030) ($MN)
27 Global Point-Of-Sale Terminals Market Outlook, By Billing & Invoicing (2022-2030) ($MN)
28 Global Point-Of-Sale Terminals Market Outlook, By E-commerce Integration (2022-2030) ($MN)
29 Global Point-Of-Sale Terminals Market Outlook, By Analytics & Reporting (2022-2030) ($MN)
30 Global Point-Of-Sale Terminals Market Outlook, By Other Applications (2022-2030) ($MN)
31 Global Point-Of-Sale Terminals Market Outlook, By End User (2022-2030) ($MN)
32 Global Point-Of-Sale Terminals Market Outlook, By Retail (2022-2030) ($MN)
33 Global Point-Of-Sale Terminals Market Outlook, By Hospitality (2022-2030) ($MN)
34 Global Point-Of-Sale Terminals Market Outlook, By Healthcare (2022-2030) ($MN)
35 Global Point-Of-Sale Terminals Market Outlook, By Transportation (2022-2030) ($MN)
36 Global Point-Of-Sale Terminals Market Outlook, By Banking (2022-2030) ($MN)
37 Global Point-Of-Sale Terminals Market Outlook, By Entertainment (2022-2030) ($MN)
38 Global Point-Of-Sale Terminals Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, 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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