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Global Point of Sale (POS) Terminals Market Size, Share, Trends, Industry Growth, Analysis And Forecast 2025; Ingenico, Verifone, Pax Technology, SZZT, Nexgo, Toshiba and Square.
Global Point of Sale (POS) Terminals Market Size
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The global point of sale (POS) terminals market size is projected to be worth USD 28.27 billion by 2025 owing to increase in debit/credit card transactions worldwide and diminishing cash payments. Apart from higher costs, retailers are looking forward to reduce cash payments due to security reasons as well. Also, improvement of economic conditions and growing tech-savvy population have contributed to the growth of cashless payments systems such as the Point of Sale (POS) terminals market. Spread of technology across various countries is seen over in recent years and have boosted the adoption of cashless payments which provide more convenience as compared to cash transactions. For instance, mobile POS terminals market has seen significant growth, wherein a card acceptance device can be connected to a smartphone or a tablet to perform the same function as a traditional wired POS device. Also, such IP-based terminals that connect to the internet open the doors for data analytics, inventory management, risk management and customer relationship management.
Point of Sale (POS) terminals market, especially the software, is expected to undergo major transformation in coming years due to proliferation of mobile devices, the transition of back-office applications to cloud and rapid changes in the consumer behaviour. Many emerging players in mobile POS terminals market will focus on serving broader needs of merchants which are beyond POS, including combination of in-store sensors and mobile phones to drive better customer/product interactions, and back office applications such as supply chain and inventory management.
Among different countries worldwide, China had the highest POS terminal market share in 2017 and is expected to grow further during the forecast period. Among other Asia-Pacific countries, India has a promising potential for POS terminals market, which is estimated to grow with a CAGR of 18.3% in the forecasted period and is driven by growing economies of scale and government initiatives for going cashless. US on the other hand, has the dominance in the North American POS terminals market driven by latest POS technologies such as mPOS and integrated POS systems.
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The competitive landscape of the global point of sale (POS) market includes presence of players serving to local markets as well as to international markets. Companies such as Ingenico, Verifone, Pax Technology, SZZT, Nexgo, Toshiba and Square have broader presence within the global market.
Key segments of the global point of sale (POS) market
POS Type Overview, 2013-2025 (USD million)
Countertop
Smart POS
M-POS
Integrated POS
Components Overview, 2013-2025 (USD million)
Hardware
Software
Technology Overview, 2013-2025 (USD million)
Fixed
Wireless
Industry Overview, 2013-2025 (USD million)
Retail
Entertainment
Healthcare
Hospitality
Transportation
Others
Regional Overview, 2013-2025 (USD million)
North America
US
Canada
Europe
UK
France
Germany
Rest of Europe
Asia Pacific
China
India
Australia
Rest of APAC
Central & South America
Brazil
Mexico
Rest of Central & South America
Middle East & Africa
South Africa
UAE
Saudi Arabia
Rest of Middle East & Africa
About Us:
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
Contact Information:
Ryan Johnson
Account Manager Global
3131 McKinney Ave Ste 600, Dallas,
TX75204, U.S.A.
Phone No.: USA: +1 (214) 884-6068 / +91 9665341414
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