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2023 Retail POS Terminals Global Market | Insights, Industry Outlook, Growing Trends And Top Key Players Include Cisco Systems Inc., Epicor Software Corporation, Hewlett-Packard Company, Ingenico Group, NCR Corporation
Retail POS Terminals Market
Retail POS Terminals Market Size, Growth Rate, And Forecast
The global retail POS terminals market size is expected to grow from $21.54 billion in 2022 to $24.20 billion in 2023 at a compound annual growth rate (CAGR) of 12.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global retail POS terminals market size is expected to grow to $37.56 billion in 2027 at a CAGR of 11.6%.
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Retail POS Terminals Market Drivers
Surging cashless payments is significantly contributing to the growth of the retail POS terminals market going forward. Cashless payments refer to payments made or accepted without the use of hard cash such as payments made via credit/debit cards, cheques, demand draft, national electronic funds transfer, real-time gross settlement, or any other form of online payment. In retail stores, POS terminals are used to process cashless payments such as credit and debit cards through the use of software to read magnetic strips on the cards and also process other cashless payments like mobile payments.
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Retail POS Terminals Market Segments
• By Product: Fixed POS Terminal, Portable POS Terminal, Self-Service Kiosks
• By Component: Services, Software, Hardware
• By Application: Department Stores, Warehouse, Discount Stores, Supermarkets Or Hypermarkets, Convenience, Speciality Stores
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Retail POS Terminals market.
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Retail POS Terminals Market Key Players
Major competitors in the Retail POS Terminals market include Cisco Systems Inc., Epicor Software Corporation, Hewlett-Packard Company, Ingenico Group, NCR Corporation, Panasonic Corporation, PAX Technology Inc., Samsung Electronics Co. Ltd., Toshiba Corporation, VeriFone Systems Inc.
The Business Research Company's "Global Retail POS Terminals Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Retail POS Terminals Market Include:
1. Executive Summary
2. Retail POS Terminals Market Characteristics
3. Retail POS Terminals Market Trends And Strategies
4. Retail POS Terminals Market - Macro Economic Scenario
5. Retail POS Terminals Market Size And Growth
……….
28. Key Mergers And Acquisitions In The Retail POS Terminals Market
29. Retail POS Terminals Market Future Outlook and Potential Analysis
30. Appendix
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