Press release
Point-Of-Sale Terminals Global Market Expected to Witness $149.36 Billion with Impressive Growth at a 9.9% CAGR By 2028 | NEC Corporation, Toast Inc., Toshiba Corporation, Xenial Inc., Aireus Inc.
Point-Of-Sale Terminals Global Market
The Business Research Company offers in-depth market insights through Point of Sale Terminals Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The point-of-sale terminals market size has grown strongly in recent years. It will grow from $94.43 billion in 2023 to $102.31 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to digital payment adoption, regulatory compliance, mobile and wireless connectivity, consumer preferences and convenience, small business integration, expansion into various industries..
The point-of-sale terminals market size is expected to see strong growth in the next few years. It will grow to $149.36 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to rapid digital transformation, contactless payment adoption, mobile pos solutions, e-commerce integration.. Major trends in the forecast period include contactless payment solutions, omnichannel integration, mobile pos (mpos) systems, enhanced security measures, cloud-based pos solutions, technological advancements.
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Market Segmentation:
The point-of-sale terminals market covered in this report is segmented -
1) By Product: Mobile, Fixed
2) By Component: Hardware, Software, Service
3) By Technology: Biometric, Traditional
4) By Operating System: Windows, Linux, MAC
5) By Application : Restaurants, Hospitality, Healthcare, Retail, Warehouse, Entertainment, Other Applications
Major Driver - Contactless And Cashless Payments Drive Point-Of-Sale Terminal Market Growth
The increasing demand for contactless and cashless payments is expected to propel the growth of the point-of-sale terminal market going forward. Cashless and contactless payments refer to a payment method that does not involve cash for payment, which is a type of computerized replacement for a cash register. Point of sale terminals accept payments through cards and make cashless purchases possible. For instance, in June 2022, according to India Brand Equity Foundation, an Indian government export promotion agency, contactless transactions accounted for 25% in the year 2020, of all supermarket transactions, which increased to 31% by 2022. Therefore, increasing demand for contactless and cashless payments is driving the point-of-sale terminal market growth.
Competitive Landscape:
Major companies operating in the point-of-sale terminals market report are Samsung Electronics Co. Ltd., NEC Corporation, Panasonic Corporation, Toshiba Corporation, Hewlett-Packard Development Company L. P., VeriFone Systems Inc., Qashier PTE Ltd., Newland Payment Technology, GK Software SE, PAX Technology Limited, Casio Computer Co. Ltd., iMetrics Pte Ltd, Acrelec Group SAS, AURES Technologies SA, HM Electronics Inc., NCR Corporation, Oracle Corporation, Presto Group LLC, Qu Inc., Quail Digital Limited, Revel Systems Inc., Toast Inc., TouchBistro Inc., Xenial Inc., Aireus Inc., Dinerware Inc., Posist Technologies Private Limited, Ingenico Group S. A., BBPOS Limited, Honeywell International Inc.
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Top Trend - Innovative Technological Advancements Transform The Point-Of-Sale Terminal Market
Technological advancement is a key trend gaining popularity in the point-of-sale terminal market. Major companies operating in the point-of-sale terminal market are introducing various technological innovations to sustain their position in the point-of-sale terminal market. For instance, in September 2021, PAX Global Technology, a Chinese manufacturer of payment terminals, PIN pads, and point of sale hardware and software, launched android payphones in Amsterdam. These payphones are smartphones with unique features such as the built-in point-of-sale technology and are innovative alternatives for acquiring banks and payment services.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Point of Sale Terminals Market Characteristics
3. Point of Sale Terminals Market Trends And Strategies
4. Point of Sale Terminals Market - Macro Economic Scenario
5. Point of Sale Terminals Market Size And Growth
…..
27. Point of Sale Terminals Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
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