Global Retail POS Terminals Market Analysis 2025-2030: Growth Drivers, Challenges, And Opportunities

The Retail POS Terminals Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the Retail POS Terminals Market?
In recent times, the market size of retail POS terminals has witnessed a significant increase. The market is projected to expand from $26.67 billion in 2024 to $29.88 billion in 2025, marking a compound annual growth rate (CAGR) of 12.0%. The surge in the past years is credited to factors such as cost efficiency and affordability, improved analytics and reporting, evolution in the retail sector, incorporation of mobile devices, and the popularity of cloud-based solutions.

In the upcoming years, the market size of retail POS terminals is predicted to experience considerable expansion, estimated at a value of $47.31 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 12.2%. Factors contributing to this substantial growth in the forecast period include improved customer interaction, integration of e-commerce with physical stores, the uptake of subscription-based models, adherence to safety protocols, data analysis, and personalization. Key anticipated trends during the forecast period comprise the enlargement of mobile POS, subscription-linked services, touchless transactions, multichannel capabilities, and enhanced customization and adaptability.

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What Are the Emerging Segments Within the Retail POS Terminals Market?
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, Super markets Or Hyper markets, Convenience, Specialty Stores

Subsegments:
1) By Services: Installation Services, Maintenance And Support Services, Training Services, Consulting Services
2) By Software: POS Software, Inventory Management Software, Customer Relationship Management (CRM) Software, Payment Processing Software
3) By Hardware: POS Terminals, Barcode Scanners, Receipt Printers, Payment Terminals

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What Long-Term Drivers Are Shaping Retail POS Terminals Market Trends?
The rise in cashless transactions is playing a pivotal role in propelling the expansion of the retail POS terminals market. Cashless transactions can be defined as payments made without the use of physical cash, including payments made through credit/debit cards, cheques, demand drafts, national electronic funds transfer, real-time gross settlement, among other forms of digital payments. Retail shops utilize POS terminals to manage cashless transactions like credit and debit card payments by employing software to decipher magnetic strips on the cards and handle other forms of cashless transactions such as mobile payments. As an example, the UK Finance, a financial services company based in the UK, reported in September 2023 that the number of debit card payments escalated considerably in 2022, marking just over 23 billion transactions, an increase from 19.5 billion in 2021. Hence, the surge in cashless transactions is fueling the growth of the retail POS terminals market.

Who Are the Top Competitors in Key Retail POS Terminals Market Segments?
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 Retail POS Terminals Market Trends Are Gaining Traction Across Different Segments?
The escalating momentum of technological development is a significant trend in the retail POS terminal industry. Leading firms in this field are concentrating on the creation of superior POS technological platforms to maintain their competitiveness. An example of this trend is Shift4, a US payment processing firm that debuted their SkyTab POS, an advanced POS technology platform, in September 2022. This innovative platform consists of top-tier equipment, robust functions, impressive management tools, and multiple mobile options. With SkyTab, restaurant proprietors can oversee all aspects of their operation and enhance customer experiences. The Android software from SkyTab avails a host of features fashioned to modernize and boost the efficiency of food service businesses. Also incorporated in the platform are promotional tools, loyalty schemes, contactless/QR code purchases and payments, mobile devices for tableside orders and payments, eGift cards, and so forth.

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Which Regions Are Becoming Hubs for Retail POS Terminals Market Innovation?
North America was the largest region in the retail POS terminals market in 2024. The regions covered in the retail pos terminals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Retail POS Terminals Market?
2. What is the CAGR expected in the Retail POS Terminals Market?
3. What Are the Key Innovations Transforming the Retail POS Terminals Industry?
4. Which Region Is Leading the Retail POS Terminals Market?

Why This Report Matters:

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