Retail Pos Terminals Market Growth and Demand Forecast to 2026

The retail POS terminals market is expected to gain significant growth impetus in coming years owing to the rising adoption of digital payment technologies in the retail sector. The growing trend of cashless transactions amongst government organizations is further expected to drive the demand for POS terminals. The industry is recording a rising demand for point of sale terminals from retail sector attributing to its ability to improve customer satisfaction by ensuring rapid and secure payment solutions. These equipment further enables fast transactions, thereby eliminating the issue of long customer queues seen at payment counters. The convenience they bring to customers and retailers will drive the demand for POS terminals in the retail sector.

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Mobile POS terminals will witness strong growth over the forecast time period owing to their portability as well as ease of use. The terminals further provide benefits like free floor space, reduced overall customer shopping time, paper-free receipting services, and easy accessibility, which is fostering their adoption further. Additionally, the flexibility provided by smartphone or tablets-based POS terminals also decreases the cost of SMBs. The rising popularity of wireless technology and reducing cost of mobile phones have resulted in the increasing adoption of mPOS terminals amongst high-end stores.

mPOS systems are gaining tremendous traction in convenience stores over the years. This is attributed mainly to the flexibility, convenience and low costs delivered by these systems. Inventory management, custom reporting, employee management & scheduling, and other features aid retailers in monitoring and streamlining their business operations.

The rapid growth of digital and cashless payment technologies across the globe is set to augment retail POS terminals market growth over the projected timeline. The proliferating trend of cashless transactions is gaining massive prominence across the globe, especially across government organizations, which will further bolster demand for retail point of sale solutions. In many cities such as Seoul, Madrid, Bucharest, and Dubai, among others, numerous smart-city initiatives have been pioneered, including the integration of digital technology in daily lifestyles.

On the geographical front, Asia-Pacific retail POS terminals market is likely to exhibit substantial growth over the forthcoming time period owing to the presence of a widespread customer base in countries like Malaysia, Indonesia, China, and India. This has further encouraged international retail operators to expand their presence in the region through strategic means such as acquisition of local industry players. Citing an instance, Walmart, Inc, a renowned retail company, in May 2018, reportedly acquired Flipkart, one of the leading e-commerce company in India for approximately $16 billion. The acquisition effectively helped the firm to expand its presence in the fast-growing retail market in India.

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Partial Chapter of the Table of Content
Chapter 5. Retail POS Terminals Market, By Product
5.1. Key trends, by product
5.2. Mobile
5.2.1. Market estimates and forecast, 2016 - 2026
5.3. Fixed
5.3.1. Market estimates and forecast, 2016 – 2026
Chapter 6. Retail POS Terminals Market, By Component
6.1. Key trends by component
6.2. Hardware
6.2.1. Market estimates and forecast, 2016 – 2026
6.3. Software
6.3.1. Retail POS Terminals Market estimates and forecast, 2016 - 2026
6.4. Services
6.4.1. Market estimates and forecast, 2016 – 2026
6.4.2. Professional services
6.4.2.1. Market estimates and forecast, 2016 – 2026
6.4.3. Support & maintenance services
6.4.3.1. Retail POS Terminals Market estimates and forecast, 2016 – 2026
6.4.4. Training services

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