Retail Point-Of-Sale (POS) Terminals Market Share, Upcoming Trends, Size, Key Segments, Growth Status and Forecast 2022-2027

The recent report by Astute Analytica on the Global Retail POS Terminal Market covers all the factors which will impact the market in the coming years. The report discusses several sections, such as COVID-19 impact, shareholding segments, etc. Moreover, it also outlines the list of past innovations and ongoing events to give an overview of the trends.

The Global Retail Point-Of-Sale (POS) Terminals market is anticipated to record a CAGR of 8.6% and reach a valuation of US$ 847.4 Billion by the end of 2030.

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Factors Affecting the Market

Technology is maintaining a vital place across all industrial verticals, including healthcare, automotive, construction, etc. Companies leverage cloud and service-based services to propel innovation and bring significant revolution. Thus, it will drive the growth of the Global Retail POS Terminal Market during the forecast period.

Growing investments in this market are expected to boost the growth of the overall market. For instance, the US Federal Government set aside $58.4 billion budget for IT at civilian Federal agencies in 2022, which is an increase of 2.4 percent from 2021.

COVID-19 Impact Analysis

The COVID-19 outbreak forced many organizations to adapt to digital methods, which rapidly accelerated digital transformation. Work environments changed abruptly as remote work became the new normal among organizations. As a result, it is forecast to strengthen the potential scope of the Global Retail POS Terminal Market in the coming years. This report by Astute Analytica covers all the factors depicting the impact of the pandemic.

Regional Analysis

North America is forecast to emerge as the largest shareholder in the Global Retail POS Terminal Market in terms of revenue. The growth of the market is attributable to various factors, including early adoption of advanced technology, growing investments in the sector, and rising infrastructural development. Furthermore, the Asia-Pacific market for Global Retail POS Terminal Market will also grow steadily due to growing spending by government bodies. Additionally, increasing initiatives to improve infrastructure will also drive the market forward.
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Segmental Overview of the Retail POS Terminal Market
By Product
• Fixed POS Terminal
• Portable POS Terminal
o Mobile POS (mPOS)
• Self-Service Kiosks
By Component
• Hardware
• Software
o Cloud-Based POS System
o On-Premises POS System
• Services
By Industry
• Entertainment
• Hospitality
o Hotels
o Restaurants & Cafes
o QSR
• Retail
o Supermarkets /Hypermarkets
o Convenience Stores
• Healthcare
o Hospitals
o Pharmacy
• e-Commerce
By Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Spain
o Poland
o Russia
• Asia Pacific
o China
o Taiwan
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
• Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
• South America
o Brazil
o Argentina
o Rest of South America
Competitive landscape of the Global Retail POS Terminal market
The global retail POS terminal market is observed to have a highly competitive landscape, with the top four players collectively accounting for nearly 47.5% of the market in 2021, and a major chunk acquired by small-scale companies. The major players in the retail POS terminal market are Verifone, Ingenico, BBPOS, and PAX among others. To strengthen their hold on the market, leading market players are adopting strategies such as making omnichannel commerce simple for merchants, delivering a consistent brand experience, offering cloud-based services, securing digital connections, and delivering best-in-class hardware, global market insights, and local payment expertise.
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About Astute Analytica:
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This release was published on openPR.