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Analyzes The Point-Of-Sale Terminals Market, Exploring Emerging Trends, Technological Advancements, And Their Impact On The Retail Experience
Point-of-Sale Terminals Market
Point-of-Sale 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 $149.36 billion In 2028 At A CAGR Of 9.9% :
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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Point-of-Sale Terminals Market Major Segments
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
Key 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.
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Prominent 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.
Point-of-Sale Terminals Market Players
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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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the point-of-sale terminals market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the point-of-sale 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. Point-of-Sale Terminals Market Report Structure
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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