Press release
Retail POS Terminals Market: Explosive Growth Expected; CAGR of 12.0% to Reach $29.88 Billion By 2025
Retail POS Terminals Market
What Is The Projected Market Size Of The Global Retail POS Terminals Market And Its Growth Rate?
• The retail POS terminals market size has escalated, growing from $26.67 billion in 2024 to a projected $29.88 billion in 2025 (a CAGR of 12.0%).
• The historic growth can be attributed to cost reduction, affordability, enhanced analytics and reporting, the evolution of the retail industry, mobile device integration, and the emergence of cloud-based solutions.
• Forecasted to see rapid growth, the market is anticipated to reach $47.31 billion in 2029 (a CAGR of 12.2%).
• Drivers in this growth include enhanced user experience, e-commerce and in-store integration, adoption of subscription-based models, compliance with security standards, data analytics, and personalization.
What Is Driving The Growth In The Retail POS Terminals Market?
The proliferation of cashless payments is significantly contributing to the growth of the retail POS terminals market. Cashless payments, including those made via credit/debit cards, cheques, national electronic funds transfer, real-time gross settlement, or other forms of online payment, are prevalent in retail stores. POS terminals process these payments, reading magnetic strips on cards and processing mobile payments for instance. According to UK Finance, debit card payments rose significantly in 2022, reaching over 23 billion transactions; a step up from 19.5 billion in 2021. This rise in cashless payments is driving the advancement of the retail POS terminals market.
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Who Are the Key Players Driving Retail POS Terminals Market Growth?
The major companies operating in the retail POS terminals market include:
• Epicor Software Corporation
• 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.
• Casio Computer Co. Ltd
• Diebold Nixdorf
• Agilysys Inc.
• GK Software SE
• Infor Inc.
• Aptos Inc.
• Toast Inc.
• TouchBistro Inc.
• Bindo Labs Inc.
• SumUp
• Clip
What Are The Key Trends In The Retail POS Terminals Market?
Key trends in the retail POS terminals market:
• Mobile pos expansion
• Subscription-based services
• Contactless payments
• Omnichannel capabilities
• Customization and flexibility
What Are The Segments Of The Global Retail POS Terminals Market?
Segments in the retail POS terminals market:
• By Component: Services, Software, Hardware
• By Product: Fixed POS Terminal, Portable POS Terminal, Self-Service Kiosks
• By Application: Department Stores, Warehouse, Discount Stores, Supermarkets or Hypermarkets, Convenience, Specialty Stores
Which Region Leads The Retail POS Terminals Market?
North America was the largest region in the retail POS terminals market in 2024. Regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Retail POS Terminals Market Global Market Report?
Market Size Analysis: Analyze the Retail POS Terminals Market size by key regions, countries, product types, and applications.
Market Segmentation Analysis: Identify various subsegments within the Retail POS Terminals Market for effective categorization.
Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
Market Contribution: Evaluate contributions of different segments to the overall Retail POS Terminals Market growth.
Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
Industry Challenges: Analyze challenges and risks affecting the Retail POS Terminals Market.
Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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