Contactless And Cashless Payments Drive Point-Of-Sale Terminal Market Growth Driving Market Acceleration in the Point-of-Sale Terminals Industry, 2025

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How Large Will the Point-of-Sale Terminals Market Size By 2025?
The market size of point-of-sale terminals has witnessed substantial growth over the past few years. It is projected to expand from $99.99 billion in 2024 to $107.16 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 7.2%. The robust growth during the historic period can be explained by factors such as the adoption of digital payments, regulatory compliance, mobile and wireless connectivity, changes in consumer preferences and convenience, integration of small businesses, and expansion into varying industries.

How Big Is the Point-of-Sale Terminals Market Size Expected to Grow by 2029?
The market size of point-of-sale terminals is projected to experience swift expansion in the forthcoming years, with growth expected to reach $169.69 billion in 2029, showcasing a compound annual growth rate (CAGR) of 12.2%. This surge in the speculative period is linked to the fast-paced digital transformation, adoption of contactless payment, mobile pos solutions, and e-commerce integration. In the prediction period, prominent trends include contactless payment solutions, integration across multiple channels, mobile pos (MPOS) systems, heightened security protocols, cloud-based pos solutions, and technological advancements.

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Which Key Market Drivers Powering Point-of-Sale Terminals Market Expansion and Growth?
The growth of the point-of-sale terminal market is projected to be driven by the heightened demand for cashless and contactless payment methods. Cashless and contactless payments are methods that eliminate the need for cash in transactions, effectively digitizing the cash register process. This enables consumers to make purchases without cash, using cards through point-of-sale terminals. As reported by the India Brand Equity Foundation, a government agency in India responsible for promoting exports, the use of contactless payments has surged, accounting for 25% of all supermarket transactions in 2020 and growing to 31% by June 2022. Consequently, the rising demand for cashless and contactless payments is fuelling the expansion of the point-of-sale terminal market.

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Which Fast-Growing Trends Are Poised to Disrupt the Point-of-Sale Terminals Market?
Leading players in the point-of-sale terminal market are developing sophisticated products such as Android PoS terminals to improve transaction performance and customer convenience. Android PoS terminals, which run on Android software, are utilized by companies to process sales payments. For example, BharatPe, a fintech firm based in India, introduced BharatPeSwipe Android in August 2023. This Android PoS terminal, called BharatPeSwipe Android, is designed to accommodate a variety of payment methods, including debit and credit cards, UPI, mobile wallets, and QR codes. The terminal runs on Android 10 and offers a user-friendly design. The device has a durable battery with quick-charging capabilities. Businesses can process payments through dynamic QR codes produced by the machine, and also provide physical receipts for these transactions.

What Are the Emerging Segments in the Point-of-Sale Terminals Market?
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

Subsegments:
1) By Mobile: Handheld POS Devices, Tablet-Based POS Systems, Smartphone-Based POS Systems
2) By Fixed: Countertop POS Terminals, Self-Service Kiosks, PIN Pad Devices

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Who Are the Global Leaders in the Point-of-Sale Terminals Market?
Major companies operating in the point-of-sale terminals market include Samsung Electronics Co. Ltd., NEC Corporation, Panasonic Corporation, Toshiba Corporation, VeriFone Systems Inc., Qashier PTE Ltd., Newland Payment Technology, GK Software SE, PAX Technology Limited, iMetrics Pte Ltd, Acrelec Group SAS, AURES Technologies SA, NCR Corporation, Presto Group LLC, Qu Inc., Quail Digital Limited, Revel Systems Inc., Toast Inc., TouchBistro Inc., Xenial Inc., Posist Technologies Private Limited, Ingenico Group S. A., BBPOS Limited, Honeywell International Inc.

Which are the Top Profitable Regional Markets for the Point-of-Sale Terminals Industry?
Asia-Pacific was the largest region in the point-of-sale terminals market in 2024.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

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