What is the global market size of the Point Of Sale Terminals Market?

Global Point Of Sale Terminals Market size was valued at USD 85 billion in 2021 and is poised to grow from USD 94.4 billion in 2022 to USD 181.5 billion by 2030, growing at a CAGR of 8% in the forecast period (2023-2030).

What is the key driver of the Global Point Of Sale Terminals Market?

In a retail environment, agents sell goods to customers in different areas of the store. Many businesses often sell goods/services outside the store, such as farmers' markets, food trucks, or customers' homes, and can use mPoS solutions to securely accept different types of card payments. This significantly improves the customer experience, helps create a complete view of the market, and increases sales opportunities. In the United States, the Europay, Mastercard, and Visa (EMV) migration are also underway, and many merchants require payment solutions that allow them to accept FMV cards. All these factors contribute to the growth of the market.

Point Of Sale Terminals Market Regional Analysis

Skyquest Technology's expert advisors have carried out comprehensive global market analysis on the point of sale terminals market, covering regional industry trends and market insights. Our team of analysts have conducted in-depth primary and secondary research to provide regional industry analysis and forecast of point of sale terminals market across North America, South America, Europe, Asia, the Middle East, and Africa.

Point Of Sale Terminals Market Regional Insights

On the basis of region, global point of sale terminals market is divided into North America, Europe, Asia Pacific, Latin America, and MEA. Asia Pacific dominated the global market. Rising wages and rising living standards have boosted the retail industry in emerging markets such as India and China, driving retail POS demand. Government measures in this sector are designed to promote a cashless economy and increase demand for POS terminals. Low penetration and demand for mobile POS terminals will create significant growth in emerging Asia Pacific countries such as the Philippines, India, Vietnam, Thailand, and Singapore.

North America will be the second largest regional market with a significant growth rate during the forecast period. The number of demanding payment technologies such as contactless payments and NFC have increased product demand in the region. Also, the United States has a large number of large retail brand stores such as Wal-Mart, Costco Wholesale Corporation, and Target. Every day, Kroger Company and Home Depot need POS terminals to manage billing, payments, employee duties, and inventory. Additionally, post-Covid-19, the US government is advising the use of contactless payment methods to prevent the spread of the virus. However, the overall expansion of the sector market was hampered by the pandemic-induced slowdown in the retail and other services sectors.

Point Of Sale Terminals Market Report Snapshots

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Point Of Sale Terminals Market size was valued at USD 101.95 Billion in 2023 and is poised to grow from USD 110.11 Billion in 2024 to USD 203.81 Billion by 2032, growing at a CAGR of 8% during the forecast period (2025-2032).

Global point of sale terminals market is highly competitive with the presence of local as well as global companies. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the global market. 'Ingenico Group', 'Verifone Systems, Inc.', 'Toshiba Corporation', 'PAX Global Technology Limited', 'NCR Corporation', 'Diebold Nixdorf, Incorporated', 'Fujitsu Limited', 'NEC Corporation', 'Panasonic Corporation', 'HP Inc.', 'MICROS Systems Inc.', 'Samsung Electronics Co., Ltd.', 'Cisco Systems, Inc.', 'POSCO', 'Hisense Co., Ltd.', 'Wincor Nixdorf AG', 'Oracle Corporation', 'Square, Inc.', 'Shopify Inc.', 'Lightspeed POS Inc.'

Increasing demand for mPOS among the population

Technological advancement is a key trend gaining popularity in the point-of-sale terminal market. For example, in September 2021, PAX Global Technology, a Chinese manufacturer of payment terminals, PIN pads, and point-of-sale hardware and software, launched Android payphones in Amsterdam. In November 2020, Worldline, a France-based payment, and transactional services company acquired Ingenico for a deal value of USD 8.5 billion.

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Point Of Sale Terminals Market

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Point Of Sale Terminals Market Regional Analysis

Point Of Sale Terminals Market Regional Insights

Point Of Sale Terminals Market Report Snapshots

FAQs

What is the global market size of Point Of Sale Terminals Market?

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What is the key driver of Point Of Sale Terminals Market?

What is the key market trend for Point Of Sale Terminals Market?

Which region accounted for the largest share in Point Of Sale Terminals Market?

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