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What Is The Leading Driver Behind Contactless And Cashless Payments Drive Point-Of-Sale Terminal Market Growth Market Expansion in 2025
Point-of-Sale Terminals
What Will the Point-of-Sale Terminals Industry Market Size Be by 2025?
In recent times, the market size for point-of-sale terminals has seen a significant growth. An escalation in its value from $99.99 billion in 2024 to $106.18 billion in 2025 with a compound annual growth rate (CAGR) of 6.2% is anticipated. The notable growth during the historic period is due to factors such as embracing digital payments, compliance to regulations, advances in mobile and wireless connectivity, adaptation to consumer preferences and convenience, incorporation of small businesses, and widening scope across different industries.
What's the Long-Term Growth Forecast for the Point-of-Sale Terminals Market Size Through 2029?
The market size for point-of-sale terminals is projected to experience a swift expansion in the coming years, ascending to a value of $165.56 billion by 2029, with a compound annual growth rate (CAGR) of 11.7%. This expected increase during the prediction period can be credited to accelerated digital transformation, the acceptance of contactless payments, mobile pos alternatives, and e-commerce unification. The significant trends during the forecast period will encompass contactless payment resolutions, omnichannel assimilation, mobile pos (MPOS) structures, amplifying security steps, cloud-driven pos solutions, and further technological progress.
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What Are the Key Growth Drivers Fueling the Point-of-Sale Terminals Market Expansion?
The growth of the point-of-sale terminal market is anticipated to be driven by the rising demand for contactless and cashless transactions. A cashless and contactless payment method replaces the traditional cash register with a computerized one to eliminate the need for physical money, facilitating purchases through cards at point of sale terminals. For instance, data from the India Brand Equity Foundation, an export promotion agency of the Indian government, shows that contactless transactions made up 25% of all supermarket transactions in 2020, and this figure rose to 31% by June 2022. Consequently, the increasing preference for cashless and contactless payments is fueling the expansion of the point-of-sale terminal market.
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What Are the Key Trends Driving Point-of-Sale Terminals Market Growth?
Leading corporations in the point-of-sale terminals sector are developing superior products such as Android point-of-sale (PoS) terminals with the aim to improve transaction efficiency and enhance customer experience. These Android PoS terminals are electronic apparatuses that operate on the Android software and are employed by firms to oversee sales transactions. A case in point is BharatPe, a fintech firm in India, which launched BharatPeSwipe Android in August 2023. Tailored to accommodate an array of payment options - be it debit/credit cards, UPI, mobile wallets, or QR codes, BharatPeSwipe Android is an Android PoS terminal. It functions on Android 10, offering a comfortable, user-friendly interface. The gadget is powered by a durable battery that supports quick charging. The apparatus allows vendors to receive payments via dynamic QR codes generated on the device, and it even has the capability to print physical receipts for these transactions.
How Is the Point-of-Sale Terminals Market Segmented?
The point-of-sale terminalsmarket 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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Which Companies Are Leading the Charge in Point-of-Sale Terminals Market Innovation?
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 Regions Are Leading the Global Point-of-Sale Terminals Market in Revenue?
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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