Emerging Trends Influencing The Growth Of The Point Of Sale Market: Innovative Open Banking Solution Streamlines Point Of Sale Payments

The Point Of Sale 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].

How Big Is the Point Of Sale Market Size Expected to Be by 2034?
The point of sale market size has grown from $44.84 billion in 2024 to $53.84 billion in 2025, with a CAGR of 20.1%. Growth is attributed to the demand for better customer experiences, the rise of online shopping, digital payments adoption, growth of small enterprises, and mobile and cloud-based solutions.

The point of sale market will grow to $110.85 billion by 2029, at a CAGR of 19.8%. This growth is driven by e-commerce and omnichannel retailing, regulatory changes, the retail and hospitality sectors' growth, security focus, and contactless payment adoption. Trends include NFC and QR code payments, tablet and smartphone-based POS systems, encryption and fraud detection technologies, biometric recognition,

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What Are the Emerging Segments Within the Point Of Sale Market?
The point of salemarket covered in this report is segmented -

1) By Type: Fixed Point Of Sale, Mobile Point Of Sale, Other Types
2) By Component: Hardware, Software, Services
3) By Operating System: Windows Or Linux, Android, iPhone Operating System (iOS)
4) By Deployment: On-Premise, Cloud-Based
5) By End-User: Restaurants, Retail, Entertainment, Other End Users

Subsegments:
1) By Fixed Point of Sale: Traditional POS Terminals, Touchscreen POS Systems, Self-Service Kiosks, Integrated POS Systems
2) By Mobile Point of Sale: Smartphone-based POS Solutions, Tablet-based POS Solutions, Mobile Card Readers, Cloud-based Mobile POS Systems
3) By Other Types: Online POS Systems, Virtual POS Systems, Multi-channel POS Systems, Contactless Payment Solutions

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What Long-Term Drivers Are Shaping Point Of Sale Market Trends?
The rising adoption of contactless payments is expected to drive the growth of the point of sale market. Contactless payments, which allow consumers to pay by simply tapping their card or device, are increasing in popularity due to their convenience and security. For example, the European Central Bank reported a 24.3% increase in contactless card payments in the first half of 2023. As a result, the rise in contactless payments is driving the point of sale market.

Who Are the Top Competitors in Key Point Of Sale Market Segments?
Major companies operating in the point of sale market are HP Inc., Panasonic Corporation, Oracle Corporation, Fujitsu Group, Salesforce Inc., PayPal Inc., Block Inc., Intuit Inc., Shopify Inc., NCR Voyix Corporation, Toast Inc., Casio Computer Co. Ltd., Ingenico Group, PAX Global Technology Limited, Lightspeed Commerce, Elo Touch Solutions, TouchBistro, Miva Inc., GOFRUGAL, Squirrel Systems, Erply, Poster POS, Nomia LLC, Bindo Labs Inc.

What Are the Latest Developing Trends in the Point Of Sale Market?
In the point of sale market, companies are working on open banking payment solutions to offer merchants an efficient and cost-effective payment method. In February 2024, Acquired Limited partnered with MultiPay Global Solutions to launch Pay by Bank for POS. This solution enables merchants to receive payments directly from bank accounts via QR codes, reducing fees and providing a smooth payment experience for customers.

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Which Regions Are Becoming Hubs for Point Of Sale Market Innovation?
Asia-Pacific was the largest region in the point of sale market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the point of sale 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 Point Of Sale Market?
2. What is the CAGR expected in the Point Of Sale Market?
3. What Are the Key Innovations Transforming the Point Of Sale Industry?
4. Which Region Is Leading the Point Of Sale Market?

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