openPR Logo
Press release

Retail POS Terminals Market to Soar to $42.63 Billion by 2028 with 11.9% CAGR, Driven by Cashless Payments

06-12-2024 10:12 AM CET | IT, New Media & Software

Press release from: The Business Research Company

Retail POS Terminals Market Report

Retail POS Terminals Market Report

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Retail POS Terminals Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $42.63 billion In 2028 At A CAGR Of 11.9%.

The retail pos terminals market size has grown rapidly in recent years. It will grow from $24.12 billion in 2023 to $27.17 billion in 2024 at a compound annual growth rate (CAGR) of 12.7%. The growth in the historic period can be attributed to cost reduction and affordability, enhanced analytics and reporting, retail industry evolution, integration of mobile devices, emergence of cloud-based solutions.

The retail pos terminals market size is expected to see rapid growth in the next few years. It will grow to $42.63 billion in 2028 at a compound annual growth rate (CAGR) of 11.9%. The growth in the forecast period can be attributed to enhanced user experience, e-commerce and in-store integration, adoption of subscription-based models, compliance with security standards, data analytics and personalization. Major trends in the forecast period include mobile pos expansion, subscription-based services, contactless payments, omnichannel capabilities, customization and flexibility..

Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=9262&type=smp

Retail POS Terminals Market Major Segments
The retail pos terminals market covered in this report is segmented -
1) By Component: Services, Software, Hardware
2) By Product: Fixed POS Terminal, Portable POS Terminal, Self-Service Kiosks
3) By Application: Department Stores, Warehouse, Discount Stores, Supermarkets Or Hypermarkets, Convenience, Speciality Stores

Key Driver - Cashless Payment Surge Fuels Growth In The Retail Pos Terminals Market

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 using software to read magnetic strips on the cards and process other cashless payments like mobile payments. For instance, according to an article published by Finaria, a UK-based finance and investment company, the value of digital payments increased by 22 percent from $5.4 trillion in 2020 to $6.6 trillion in 2021. Therefore, surging cashless payments is driving the retail POS terminals market.

Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=9262&type=smp

Prominent Trend - Technological Advancements Propel Innovation In The Retail Pos Terminals Market

Technological advancement is the key trend gaining popularity in the retail POS terminals market. Major companies operating in the retail POS terminals market are focusing on developing advanced POS technology platforms to gain a competitive edge in the market. For instance, in September 2022, Shift4, a US-based payment processing company launched SkyTab POS, a next-generation point-of-sale (POS) technology, which features state-of-the-art equipment, strong functionality, potent management tools, and different mobile options. Restaurant owners can manage all elements of their business and provide amazing guest experiences due to SkyTab, a cutting-edge, all-in-one technology platform. The software developed by SkyTab for Android offers extensive features to help modernize and empower food service operations. Additionally, it has built-in marketing tools and a loyalty program, contactless/QR code ordering and payment, mobile devices for tableside ordering and payment, eGift cards, and much more.

Retail POS Terminals Market Players
Major companies operating in the retail pos terminals market report are 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., Shopify Inc., Zettle by PayPal, Block Inc., Lightspeed Commerce, Clover Network LLC, Cegid Group, Ctac N.V., Fujitsu Ltd., Micros Retail Systems Inc., Casio Computer Co. Ltd, Diebold Nixdorf, Cow Hills Retail B.V., Agilysys Inc., GK Software SE, Infor Inc., Aptos Inc., Toast Inc., TouchBistro Inc., Bindo Labs Inc., SumUp, Clip .

View The Full Report Here - https://www.thebusinessresearchcompany.com/report/retail-pos-terminals-global-market-report

Largest And Fastest Growing Region In The Market
North America was the largest region in the retail POS terminals market in 2023. The regions covered in the retail pos terminals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Retail POS Terminals Market Report Structure
3. Retail POS Terminals Market Trends And Strategies
4. Retail POS Terminals Market - Macro Economic Scenario
5. Retail POS Terminals Market Size And Growth
…..
27. Retail POS Terminals Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Retail POS Terminals Market to Soar to $42.63 Billion by 2028 with 11.9% CAGR, Driven by Cashless Payments here

News-ID: 3535778 • Views:

More Releases from The Business Research Company

Top Trends Transforming the Chatbot Marketing Market Landscape in 2025: The Impa …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. What Will the Chatbot Marketing Industry Market Size Be by 2025? In the last few years, the market size for chatbot marketing has expanded rapidly. It's expected to escalate from $3.89 billion in 2024 to $5.34 billion in 2025, experiencing a compound annual growth rate (CAGR) of 37.2%. Factors
The Impact Of Creative And Interactive Displays On The Market Due To Enhanced Co …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. What Is the Expected CAGR for the Digital Out-Of-Home Advertising Market Through 2025? The dimension of the digital out-of-home advertising market has seen quick expansion in the past few years. This market is projected to escalate from $19.31 billion in 2024 to $21.62 billion in 2025, experiencing a compound
Comprehensive QR Code Channel For Mobile Marketing Market Forecast 2025-2034: Gr …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. QR Code Channel For Mobile Marketing Market Size Valuation Forecast: What Will the Market Be Worth by 2025? The dimension of the QR code conduit, crucial for mobile marketing, has witnessed rapid expansion lately. It is projected to leap from $48.18 billion in 2024 to $64.36 billion in 2025,
Smartphone Demand Fuels Growth Of Cloud Music Services Market: The Driving Engin …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. Cloud Music Services Market Size Growth Forecast: What to Expect by 2025? The size of the cloud music services market has seen a swift expansion in the last few years. Its growth is projected to increase from $18.45 billion in 2024 to $20.88 billion in 2025, showing a compound

All 5 Releases


More Releases for POS

Full Service Restaurant POS Market to Get a New Boost: Toast POS, Focus POS, BIM …
The Latest research study released by HTF MI "Global Full Service Restaurant POS Market with 120+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know-how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint, and status. Understanding the segments helps in identifying the importance of different factors that aid market growth. Some of the Major Companies covered in this Research
The Continuing Growth Story of Restaurant POS System Market | Square, BIM POS, T …
Global Restaurant POS System Market by Player, Region, Type, Application and Sales Channel is latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities and leveraged with strategic and tactical decision-making support. The market Study is segmented by key a region that is accelerating the marketization. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the
POS Software Market is Booming Worldwide with Realtime POS, Alexandria Computers …
Advance Market Analytics released the research report of Global POS Software Market, offers a detailed overview of the factors influencing the global business scope. POS Software Market research report shows the latest market insights with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the POS Software. This Report covers the emerging player's data, including: competitive
Cloud POS Market to 2027 - Square, Intuit, Oracle, Shopify,Toast, Vend, Accu POS …
The global Cloud POS market valued at US$ 4.95 Bn in 2018 and is expected to grow at a CAGR of 21.6% during the forecast period 2019 – 2027, and reach US$ 27.82 Bn in 2027. Key Benefits- - To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Cloud POS Market - To forecast the size of the market segments with
POS Software Market Is Booming Worldwide | Realtime POS, Heartland Payment Syste …
Advance Market Analytics recently introduced POS Software Comprehensive Study by Type Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Realtime POS, Inc. (United States) , Heartland
Restaurant POS Software Market is Booming Worldwide | eZee Technosys, Boxy POS, …
Global Restaurant POS Software Market Size, Status and Forecast 2018-2025 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing capital structure of the Global Restaurant POS Software Market. Some of the Key Player are Loyverse, eZee Technosys, Boxy POS,