Press release
POS Display Market is to grow at a 7.92 % CAGR, with the United States leading the market through 2030
Global POS Display Market to Hit USD 24.74 Bn by 2030The Global POS Display Market was USD 14.51 Bn in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 7.92 % from 2023 to 2030, reaching USD 24.74 Bn by 2030. These POS displays are purposefully placed to draw clients and encourage impulsive purchases, which improves sales results. By offering incentives and material that are specifically suited to each user's tastes, point-of-sale displays help to increase consumer loyalty and happiness. In 2024, The United States' e-commerce revenues increased by 8.5% over the same time in 2023, underscoring the rising importance of integrated point-of-sale (POS) solutions. In 2023, the POS display market was estimated to be worth USD 12.63 billion globally.
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Global POS Display Market Segmentation
By Application: In 2023, fixed point-of-sale (POS) systems accounted for around 57% of the worldwide POS market. According to estimates, 54.8% of total revenue in 2022 would come from the fixed point of sale (POS) software market for fixed systems. It is anticipated that the Mobile Point of Sale (mPOS) market would expand significantly, with a Compound Annual Growth Rate (CAGR) of 11.1% between 2023 and 2030.
By End User: The retail sector dominated the POS display market in 2023, accounting for more than 44% of the market. Restaurant POS screens make it easier to process orders, provide menus, and display promotional materials, all of which enhance patron experiences. POS screens are used for guest services, event advertising, inventory control, and patient check-ins.
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Global POS Display Market Regional Analysis
North America, with over 34.6% of the market revenue in 2023, North America dominates the worldwide POS display market. The POS display market in North America was estimated to be worth USD 4.55 billion in 2023, and growth is expected to continue.
The European point-of-sale (POS) software industry brought in around USD 3.43 billion in 2023 and is predicted to expand at a compound annual growth rate (CAGR) of 9.3% between 2024 and 2030. Key POS hardware suppliers in the European market include Oracle, NCR Voyix, Toshiba Global Commerce Solutions, and Diebold Nixdorf.
The APAC POS market would grow at a Compound Annual Growth Rate (CAGR) of 18.1% from USD 25.28 billion in 2022 to USD 81.15 billion by 2030. Fixed point-of-sale terminals generated around 67.6% of the APAC market's revenue in 2023. Samsung Electronics Co., Ltd., Panasonic Corporation, Toshiba Corporation, LG Display Co., Ltd., and NEC Corporation are the major key players dominating the market in APAC.
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Global POS Display Market Competitive Landscape
WestRock Company: MeadWestvaco and Rock-Tenn merged to form WestRock. WestRock acquired SP Fiber Holdings. By acquiring Cenveo Packaging, WestRock increased the scope of its packaging offerings. WestRock and Smurfit Kappa announced their merger agreement in September 2023.The merger was finalized on July 5, 2024.
Smurfit Kappa Group plc: In 2024, Smurfit Kappa acquired Artemis Ltd. Smurfit Kappa expanded its footprint in Latin America in June and July 2021 by completing the acquisitions of Cartonbox in Monterrey, Mexico, and Cartones del Pacifico in Peru. Smurfit Kappa successfully acquired WestRock Company, a significant packaging business with headquarters in the United States, in July 2024.
Conclusion
The need for creative solutions is anticipated to increase as companies place more emphasis on improving consumer interaction through aesthetically pleasing, interactive, and digital point-of-sale displays.
In order to preserve their market supremacy, a number of well-established companies, like WestRock, Smurfit Kappa, and DS Smith, are investing in cutting-edge technology and making strategic acquisitions.
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