Point-of-Sale (POS) Terminals Market Envisioned at USD 227.76 Billion by 2032, with a 9.20% CAGR

According to the latest market analysis by Polaris Market Research, the global Point-of-Sale (POS) Terminals Market size was valued at USD 103.92 billion in 2023. The market is anticipated to top USD 227.76 billion by 2032, exhibiting a CAGR of 9.20% during the forecast period of 2024 to 2032.

Some of the major factors driving the demand for POS terminals are the rising demand for digital payments, increased accessibility to the Internet, and reduced costs of mobile devices. Besides, the significant surge in e-commerce transactions and advances in technology are further bolstering the industry growth.

𝐆𝐞𝐭 𝐚𝐧 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/point-of-sale-terminals-market/request-for-sample

As new payment technologies such as e-wallets continue to increase in popularity, there is a rising demand among businesses to have POS terminals that can support these payments.

A point-of-sale (POS) is a hardware system that processes card payments at retail facilities. A POS terminal generally reads the information on a customer's card and checks whether the funds in the customer's account are sufficient. After transferring the funds from the customer's account to the retailer's account, a record of the transaction is made, and a receipt is printed.

𝐊𝐞𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐏𝐚𝐫𝐭𝐢𝐜𝐢𝐩𝐚𝐧𝐭𝐬

• Verifone Systems Inc.
• Ingenico Group
• PAX Technology
• Toshiba Corporation
• NCR Corporation
• Diebold Nixdorf Inc.
• Square Inc.
• Panasonic Corporation
• Hewlett-Packard Development Company
• L.P.
• NEC Corporation.

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/buy/360/2

A POS terminal may be a physical device in a brick-and-mortar store or may take the form of a checkout point in a web-based store. Electronic POS terminals help streamline retail operations by automating transaction processes and tracking crucial sales information. Depending on the software features, some POS terminals in the Point-of-Sale (POS) Terminals market allow retailers to track other things like inventory changes and gross revenue.

𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐈𝐧 𝐏𝐨𝐢𝐧𝐭-𝐎𝐟-𝐒𝐚𝐥𝐞 (𝐏𝐨𝐬) 𝐓𝐞𝐫𝐦𝐢𝐧𝐚𝐥𝐬 𝐌𝐚𝐫𝐤𝐞𝐭:

• Mobile POS (mPOS): The adoption of mobile POS solutions, which leverage smartphones and tablets as POS terminals, presents opportunities for vendors to cater to small and medium-sized businesses (SMBs) and niche markets.
• Omnichannel Integration: Integrating POS systems with omnichannel retailing platforms enables seamless shopping experiences across online and offline channels, providing opportunities for POS vendors to offer integrated solutions.
• Contactless Payments: With the increasing popularity of contactless payment methods, POS vendors can capitalize on the demand for NFC-enabled terminals and contactless payment processing solutions.

𝐀𝐜𝐜𝐞𝐬𝐬 𝐓𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭, 𝐡𝐞𝐫𝐞: https://www.polarismarketresearch.com/industry-analysis/point-of-sale-terminals-market

𝐏𝐨𝐢𝐧𝐭-𝐨𝐟-𝐒𝐚𝐥𝐞 (𝐏𝐎𝐒) 𝐓𝐞𝐫𝐦𝐢𝐧𝐚𝐥𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬

• The hardware is expected to witness the largest revenue share during the forecast period. The hardware components to record transaction details include EFT-POS machines, barcode scanners, network devices, receipt printers, cash drawers, monitors, and tablets.

• The cloud-based segment is anticipated to witness highest growth in 2022 due to the increasing adoption of SaaS technology and software integration.

• The point-of-sale (POS) terminals market offers significant opportunities for the Asia Pacific. Due to the region's rapid e-commerce expansion and growing use of digital payments, the demand for POS terminals is anticipated to expand quickly.

• North America has a huge market opportunity for point-of-sale (POS) terminals. The region's well-established retail sector, high rate of technological adoption, and robust economy make it a desirable market for POS terminal suppliers.

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Restaurant Point-of-Sale (POS) Terminals Market: https://www.polarismarketresearch.com/industry-analysis/restaurant-pos-terminals-market

Retail Point-Of-Sale (POS) Terminals Market: https://www.polarismarketresearch.com/industry-analysis/retail-pos-terminals-market

Mobile Point-of-Sale (mPOS) Terminals Market: https://www.polarismarketresearch.com/industry-analysis/mobile-pos-terminals-market

Digital Signature Market: https://www.polarismarketresearch.com/industry-analysis/digital-signature-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:

Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

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This release was published on openPR.