Point of Sale Equipment Market worth $162.63 billion by 2030, growing at a CAGR of 7.63% - Exclusive Report by 360iResearch

The "Point of Sale Equipment Market by Product Type (Fixed POS Terminals, Mobile POS Terminals, Pocket POS Terminals), Component (Hardware, Software), Deployment, Application - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Point of Sale Equipment Market to grow from USD 97.19 billion in 2023 to USD 162.63 billion by 2030, at a CAGR of 7.63%.

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The Point of Sale (POS) equipment market encompasses the hardware systems and electronic devices used to process card payments and manage sales transactions in retail, hospitality, healthcare, and other customer-centric industries. This includes traditional cash registers, card payment terminals, barcode scanners, receipt printers, touchscreen displays, and various self-service kiosks. POS equipment is a focal point for the merchant and customer interaction during a transaction. The application of POS equipment is expansive and varied. In retail, POS systems are essential to process payments, manage inventory, and track consumer behavior. In the hospitality industry, they facilitate operations such as table-side ordering and split billing. POS systems are also pivotal in healthcare for managing patient billing and services. The POS equipment market is growing due to rising urbanization and growth in the organized retail sector, expanding digitization and rising preference for seamless and contactless payments, increasing penetration of mobile POS, and demand for e-commerce-friendly POS systems. However, the expansion of POS equipment is hindered by the high cost of upgradation and standardization of equipment, the growing threat of cybersecurity attacks on POS systems, and the complexity of integrating new POS systems with existing infrastructure. On the other hand, the latest potential opportunities in the POS equipment market include the integration of contactless payment technologies, the emergence of smart POS systems with enhanced analytics capabilities, growing interest in POS solutions among small businesses, and rising adoption of cloud-based POS systems and integration of artificial intelligence (AI) in the POS systems. There is also a growing trend for POS systems to incorporate customer relationship management (CRM) tools, loyalty program management, and real-time inventory tracking, which can open up new avenues for market growth.

In the United States and Canada, the advent of smart POS systems that integrate smoothly with other business management software has been a game changer. Customers in these countries are inclined towards omnichannel retailing, seeking seamless experiences across online and offline platforms. Retailers are increasingly investing in advanced POS solutions for inventory tracking, customer relationship management, and sales processing. In South America, more significant retail sector investment and expanding tourism contribute to the rising demand for advanced POS solutions. In Europe, GDPR compliance has become a cornerstone requirement for POS systems, with a significant focus on data security and privacy. Countries, including France, Germany, and the UK, are at the forefront, with high demand for contactless payment options enhancing the uptake of newer POS terminals. An increase in the adoption of cloud-based POS systems is observed in Europe, reflecting the need for flexibility and scalability in business operations. The POS market in the Middle East and Africa is characterized by a dichotomy of rapidly modernizing infrastructure and regions relying on cash transactions, resulting in a heterogeneous market with localized solutions thriving alongside international vendors. The APAC region is diverse, with high-growth countries such as China and India and developed markets, including Japan. In China, innovation in mobile payment solutions is ahead of the curve, with widespread consumer adoption. In Japan, contactless payment technology is widely accepted, and there's a strong push for IoT integration in POS systems to enhance customer experience and business analytics. Meanwhile, India presents a fast-growing market with the dual challenge of modernizing its retail infrastructure and catering to a massive and diverse population.

Market Segmentation & Coverage:

This research report categorizes the Point of Sale Equipment Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Product Type, market is studied across Fixed POS Terminals, Mobile POS Terminals, Pocket POS Terminals, and POS GPS/GPRS Terminals. The Fixed POS Terminals commanded largest market share of 58.26% in 2023, followed by Mobile POS Terminals.

Based on Component, market is studied across Hardware and Software. The Hardware commanded largest market share of 75.16% in 2023, followed by Software.

Based on Deployment, market is studied across Cloud and On-premise. The On-premise commanded largest market share of 70.44% in 2023, followed by Cloud.

Based on Application, market is studied across Entertainment, Healthcare, Retail, and Warehouse/Distribution. The Retail commanded largest market share of 68.02% in 2023, followed by Warehouse/Distribution.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 44.24% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Point of Sale Equipment Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Point of Sale Equipment Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Point of Sale Equipment Market, highlighting leading vendors and their innovative profiles. These include Agilysys, Inc., Aptos, LLC, Casio Computer Co., Ltd., Castles Technology, Cegid Group, Cisco Systems, Inc., CitiXsys Holdings Inc., Ctac N.V., Dell Technologies Inc., Diebold Nixdorf, Inc., Elavon, Inc., Epicor Software Corporation, Fujian Newland Payment Technology Co., Ltd., Fujitsu Limited, Hewlett Packard Enterprise Company, Honeywell International Inc., Infor Inc., INGENICO Group S.A., Intuit Inc., NCR Voyix Corporation, NEC Corporation, Panasonic Corporation, PAX Global Technology Limited, Seiko Epson Corporation, Square Inc., Toshiba Corporation, TouchBistro Inc., and VeriFone, Inc..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Point of Sale Equipment Market, by Product Type
7. Point of Sale Equipment Market, by Component
8. Point of Sale Equipment Market, by Deployment
9. Point of Sale Equipment Market, by Application
10. Americas Point of Sale Equipment Market
11. Asia-Pacific Point of Sale Equipment Market
12. Europe, Middle East & Africa Point of Sale Equipment Market
13. Competitive Landscape
14. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Point of Sale Equipment Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Point of Sale Equipment Market?
3. What is the competitive strategic window for opportunities in the Point of Sale Equipment Market?
4. What are the technology trends and regulatory frameworks in the Point of Sale Equipment Market?
5. What is the market share of the leading vendors in the Point of Sale Equipment Market?
6. What modes and strategic moves are considered suitable for entering the Point of Sale Equipment Market?

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