POS Terminals Market

POS Terminals Market Size, Share, Growth Analysis, By Product(Mobile, Fixed), By Component(Hardware, Software), By Technology(Biometric, Traditional), By Operating System(Windows, Linux), By Application(Restaurants, Hospitality) - Industry Forecast 2024-2031

Report ID: UCMIG45J2153 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

POS Terminals Market Insights

Market Overview:

The POS Terminals Market, having surpassed USD 65 billion in 2021, is set for significant expansion with a projected Compound Annual Growth Rate (CAGR) exceeding 10% from 2022 to 2028. This growth trajectory is underscored by the anticipation of global industry shipments exceeding 180 million units by 2028. The increasing integration of technology and the adoption of digital payment systems, particularly in the retail and hospitality sectors, are driving the demand for modern and efficient Point of Sale (POS) terminals. These terminals offer seamless transaction experiences, enhanced inventory management, and improved customer engagement, contributing to operational efficiency and revenue generation for businesses. The POS Terminals Market's positive outlook reflects its integral role in reshaping the retail and service industries, aligning with the trend towards cashless transactions and digitally-driven consumer experiences, thus influencing the future of commerce.

POS Terminals Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
ForecastGrowthRate
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Electronic Equipment & Instruments by segment aggregation, the contribution of the Electronic Equipment & Instruments in Technology Hardware & Equipment and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

Segmentation Analysis:

The POS Terminals Market is segmented by Product, Component, Technology, Operating System, Application. We are analyzing the market of these segments to identify which segment is the largest now and in the future, which segment has the highest growth rate, and the segment which offers the opportunity in the future.

POS Terminals Market Basis Point Share Analysis, 2021 Vs. 2028
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  • Based on Product the market is segmented as, Mobile, Fixed
  • Based on Component the market is segmented as, Hardware, Software, Service
  • Based on Technology the market is segmented as, Biometric, Traditional
  • Based on Operating System the market is segmented as, Windows, Linux, MAC
  • Based on Application the market is segmented as, Restaurants, Hospitality, Healthcare, Retail, Warehouse/distribution, Entertainment, Others, The above information has been provided for the following regions and countries:, North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Italy, Spain, Russia, Asia Pacific, China, India, Japan, South Korea, Australia & New Zealand (ANZ), Southeast Asia, South America, Brazil, Argentina, Chile, Colombia, MEA, UAE, Saudi Arabia, South Africa, Key Players:, AURES Group, Bematech SA, Castles Technology, Co. Ltd, Diebold Nixdorf, Fujian Newland Payment Technology Co., Ltd., NCR Corporation, NEC Corporation, New POS Technology Limited, Panasonic Corporation, PAR Technology Corporation, PAX Technology, Posiflex Technology, Samsung Electronics, Co., Ltd., Toshiba Corporation

Regional Analysis:

POS Terminals Market is being analyzed by North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA) regions. Key countries including the U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, and South Africa among others were analyzed considering various micro and macro trends.

POS Terminals Market Attractiveness Analysis, By Region 2020-2028
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POS Terminals Market : Risk Analysis

SkyQuest's expert analysts have conducted a risk analysis to understand the impact of external extremities on POS Terminals Market. We analyzed how geopolitical influence, natural disasters, climate change, legal scenario, economic impact, trade & economic policies, social & ethnic concerns, and demographic changes might affect POS Terminals Market's supply chain, distribution, and total revenue growth.

Competitive landscaping:

To understand the competitive landscape, we are analyzing key POS Terminals Market vendors in the market. To understand the competitive rivalry, we are comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, product launches, and any news related to the POS Terminals Market.

To validate our hypothesis and validate our findings on the market ecosystem, we are also conducting a detailed porter's five forces analysis. Competitive Rivalry, Supplier Power, Buyer Power, Threat of Substitution, and Threat of New Entry each force is analyzed by various parameters governing those forces.

Key Players Covered in the Report:

  • ends
  • POS Terminals Market size exceeded USD 65 billion in 2021 and is projected to expand at over 10% CAGR from 2022 to 2028. The global industry shipments are anticipated to cross 180 million units by 2028.
  • To get more details on this report: Request Free Sample PDF
  • The market growth is attributed to the rising use of credit/debit cards for transactions. Seamless & contactless payment processes offered by these smart cards is a key factor supporting the growing adoption of POS terminals around the globe. The expanding utilization of cards will encourage companies from different sectors, such as retail, healthcare, entertainment, and hospitality, to install these terminals and subsequently support the industry progression. The COVID-19 pandemic had a negative impact on the POS terminals market in 2020. The imposition of strict lockdown regulations by government authorities to limit the virus spread hampered supply chains. Manufacturers faced challenges such as delays in raw material procurements, temporary closure of production facilities, labor shortages, and disruptions in production processes. These factors affected the R&D activities of companies with respect to technological developments, expansion into new regions, and revenue generation. However, relaxations in several norms & border regulations rekindled general supply chain activities in the second half of FY2020, helping manufacturers deliver terminals on time and subsequently supporting the industry expansion.
  • Base Year:2021Market Size in 2021:65 billion (USD)Forecast Period:2022 to 2028Forecast Period 2022 to 2028 CAGR:10%2028 Value Projection:160 billion (USD)Historical Data for:2018 to 2021No. of Pages:350 Tables, Charts & Figures:717Segments covered:Product, Component, Technology, Operating System, Application, and RegionGrowth Drivers:Advancements in payment technologies and move towards EMV in North America Increasing demand for contactless and cashless payments in Europe Increase in NFC and contactless payments in Europe and Asia Pacific High demand for POS terminals from several industry verticals in Asia Pacific Inclination towards online payments in Europe & North America Increasing demand for mobile POS terminals in South America Expanding retail sector and adoption of advanced payment technologies in MEAPitfalls & Challenges:Lack of robust and reliable infrastructures in the remote regions Data security breachesTo get details on how to order this report click here
  • Investments in R&D activities to introduce new mPOS solutions will lead to the market progression
  • To tailor this report to your specific requirements: Customize this Report
  • In U.S., mPOS terminals segment is predicted to observe a 15% growth rate through 2028 owing to the rising focus on mPOS technological developments. With the increasing acceptance of cashless transactions, industry players are capturing the developing market with portfolio expansion. For instance, in January 2022, Adyen introduced its Android-based mPOS solution for the U.S. and UK markets. The Android device allows merchants to accept major digital payment methods such as mobile wallets, magstripes, and chip cards. It offers an app management feature that enables merchants to upload & access external business applications for loyalty programs, inventory management, and returns.
  • Increasing adoption of POS terminal software by the restaurant chains will spur the growth for UK region
  • UK POS terminals market accounted for USD 4 billion in 2021 due to the rising expansion of casual dining brands such as Big Table Group, Honest Burgers, and McDonald's Corporation. These companies are implementing advanced POS systems to simply their financial transactions and track the customer data for marketing purposes. In October 2021, Big Table Group expanded its Las Iguanas brand presence across the UK by opening 50 new stores. The restaurant chain, with 57 outlets in the country, offers Latin American cuisines. The initiative almost doubled its presence in the country, with a total of around 107 outlets. Such expansions are driving the POS terminal demand to help in coordinating the operational and financial activities of restaurants situated in different locations. The software will support restaurant chain owners in inventory management, payment processing, email marketing, and online food ordering.
  • Deployment of biometric payment solutions in existing systems will fuel the market revenue
  • Rising emphasis on improving the security and convenience of payment methods for individuals is stimulating the biometric segment expansion in Japan. Municipalities and other government bodies are taking steps to drive the utilization of biometric solutions on a larger scale. For instance, in March 2021, VeriTrans4G deployed its contactless & cashless biometric payment solutions as a proof of concept in the public and business facilities of Japan’s Shizuoka prefecture. The solution can be used in a broad set of sectors including restaurants, retail, and hotels. The solution’s large-scale adoption is expected to boost the area’s tourism sector. This industry will surge in the country, with government authorities encouraging the implementation of biometric payment technologies.
  • Familiarity of the Windows interface & operating system will foster the adoption of POS terminals
  • Several manufacturers and service providers in the payment industry are offering different versions of the Windows operating system with their solutions. The easy accessibility & affordability of Windows OS-based laptops/desktops has increased its familiarity over the years. According to Microsoft Corporation, there are over 1.4 billion monthly active devices running on Windows 11 or Windows 10. System awareness in terms of user interface and applications has also supported the utilization of Windows-based POS terminals around the globe. The advancement of Windows OS will further stimulate its usage in the coming years.
  • The focus on improving customer shopping experiences will accelerate the deployment of advanced POS terminals
  • The retail sector captured for majority of the global POS terminals market impelled by the demand for comprehensive payment solutions in the retail industry. Retailers are integrating high-end POS solutions throughout stores to enhance traditional shopping practices and remove bottlenecks in operational activities. These solutions support store owners in transactional data tracking, inventory management, remote monitoring, and online orders. In addition, the introduction of self-checkout retail stores has propelled the market value.
  • Usage of cashless transactions through POS terminals in several industries will augment the market demand
  • To check discounted pricing for this report: Request Discount
  • Europe POS terminals market held 25% of revenue share in 2021 on account of the developing retail, and healthcare sectors in countries such as the UK, Germany, and France. The advancement of these sectors has enhanced the acceptance of POS solutions. According to the European Association for Secure Transactions (EAST), POS terminals are the most widely installed terminal types in the region. As per the association, nearly 16.1 million POS terminals were deployed in Europe till the first half of 2021, an increase of around 3% from 2020. This indicates a rise in the adoption of the solution to cater to the growing demand for cashless transactions from individuals.
  • KEY MARKET SEGMENTS
  • By Product
  • Mobile
  • Fixed
  • By Component
  • Hardware
  • Software
  • Service
  • By Technology
  • Biometric
  • Traditional
  • By Operating System
  • Windows
  • Linux
  • MAC
  • By Application
  • Restaurants
  • Hospitality
  • Healthcare
  • Retail
  • Warehouse/distribution
  • Entertainment
  • Others
  • The above information has been provided for the following regions and countries:
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia & New Zealand (ANZ)
  • Southeast Asia
  • South America
  • Brazil
  • Argentina
  • Chile
  • Colombia
  • MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Key Players:
  • AURES Group
  • Bematech SA
  • Castles Technology, Co. Ltd
  • Diebold Nixdorf
  • Fujian Newland Payment Technology Co., Ltd.
  • NCR Corporation
  • NEC Corporation
  • New POS Technology Limited
  • Panasonic Corporation
  • PAR Technology Corporation
  • PAX Technology
  • Posiflex Technology
  • Samsung Electronics, Co., Ltd.
  • Toshiba Corporation
  • Touch Dynamic Inc.

SkyQuest's Expertise:

The POS Terminals Market is being analyzed by SkyQuest's analysts with the help of 20+ scheduled Primary interviews from both the demand and supply sides. We have already invested more than 250 hours on this report and are still refining our date to provide authenticated data to your readers and clients. Exhaustive primary and secondary research is conducted to collect information on the market, peer market, and parent market.

Our cross-industry experts and revenue-impact consultants at SkyQuest enable our clients to convert market intelligence into actionable, quantifiable results through personalized engagement.

Scope Of Report

Report Attribute Details
The base year for estimation 2021
Historical data 2016 – 2022
Forecast period 2022 – 2028
Report coverage Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis
Segments covered
  • By Product - Mobile, Fixed
  • By Component - Hardware, Software, Service
  • By Technology - Biometric, Traditional
  • By Operating System - Windows, Linux, MAC
  • By Application - Restaurants, Hospitality, Healthcare, Retail, Warehouse/distribution, Entertainment, Others, The above information has been provided for the following regions and countries:, North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Italy, Spain, Russia, Asia Pacific, China, India, Japan, South Korea, Australia & New Zealand (ANZ), Southeast Asia, South America, Brazil, Argentina, Chile, Colombia, MEA, UAE, Saudi Arabia, South Africa, Key Players:, AURES Group, Bematech SA, Castles Technology, Co. Ltd, Diebold Nixdorf, Fujian Newland Payment Technology Co., Ltd., NCR Corporation, NEC Corporation, New POS Technology Limited, Panasonic Corporation, PAR Technology Corporation, PAX Technology, Posiflex Technology, Samsung Electronics, Co., Ltd., Toshiba Corporation
Regional scope North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
Country scope U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, South Africa
Key companies profiled
  • ends
  • POS Terminals Market size exceeded USD 65 billion in 2021 and is projected to expand at over 10% CAGR from 2022 to 2028. The global industry shipments are anticipated to cross 180 million units by 2028.
  • To get more details on this report: Request Free Sample PDF
  • The market growth is attributed to the rising use of credit/debit cards for transactions. Seamless & contactless payment processes offered by these smart cards is a key factor supporting the growing adoption of POS terminals around the globe. The expanding utilization of cards will encourage companies from different sectors, such as retail, healthcare, entertainment, and hospitality, to install these terminals and subsequently support the industry progression. The COVID-19 pandemic had a negative impact on the POS terminals market in 2020. The imposition of strict lockdown regulations by government authorities to limit the virus spread hampered supply chains. Manufacturers faced challenges such as delays in raw material procurements, temporary closure of production facilities, labor shortages, and disruptions in production processes. These factors affected the R&D activities of companies with respect to technological developments, expansion into new regions, and revenue generation. However, relaxations in several norms & border regulations rekindled general supply chain activities in the second half of FY2020, helping manufacturers deliver terminals on time and subsequently supporting the industry expansion.
  • Base Year:2021Market Size in 2021:65 billion (USD)Forecast Period:2022 to 2028Forecast Period 2022 to 2028 CAGR:10%2028 Value Projection:160 billion (USD)Historical Data for:2018 to 2021No. of Pages:350 Tables, Charts & Figures:717Segments covered:Product, Component, Technology, Operating System, Application, and RegionGrowth Drivers:Advancements in payment technologies and move towards EMV in North America Increasing demand for contactless and cashless payments in Europe Increase in NFC and contactless payments in Europe and Asia Pacific High demand for POS terminals from several industry verticals in Asia Pacific Inclination towards online payments in Europe & North America Increasing demand for mobile POS terminals in South America Expanding retail sector and adoption of advanced payment technologies in MEAPitfalls & Challenges:Lack of robust and reliable infrastructures in the remote regions Data security breachesTo get details on how to order this report click here
  • Investments in R&D activities to introduce new mPOS solutions will lead to the market progression
  • To tailor this report to your specific requirements: Customize this Report
  • In U.S., mPOS terminals segment is predicted to observe a 15% growth rate through 2028 owing to the rising focus on mPOS technological developments. With the increasing acceptance of cashless transactions, industry players are capturing the developing market with portfolio expansion. For instance, in January 2022, Adyen introduced its Android-based mPOS solution for the U.S. and UK markets. The Android device allows merchants to accept major digital payment methods such as mobile wallets, magstripes, and chip cards. It offers an app management feature that enables merchants to upload & access external business applications for loyalty programs, inventory management, and returns.
  • Increasing adoption of POS terminal software by the restaurant chains will spur the growth for UK region
  • UK POS terminals market accounted for USD 4 billion in 2021 due to the rising expansion of casual dining brands such as Big Table Group, Honest Burgers, and McDonald's Corporation. These companies are implementing advanced POS systems to simply their financial transactions and track the customer data for marketing purposes. In October 2021, Big Table Group expanded its Las Iguanas brand presence across the UK by opening 50 new stores. The restaurant chain, with 57 outlets in the country, offers Latin American cuisines. The initiative almost doubled its presence in the country, with a total of around 107 outlets. Such expansions are driving the POS terminal demand to help in coordinating the operational and financial activities of restaurants situated in different locations. The software will support restaurant chain owners in inventory management, payment processing, email marketing, and online food ordering.
  • Deployment of biometric payment solutions in existing systems will fuel the market revenue
  • Rising emphasis on improving the security and convenience of payment methods for individuals is stimulating the biometric segment expansion in Japan. Municipalities and other government bodies are taking steps to drive the utilization of biometric solutions on a larger scale. For instance, in March 2021, VeriTrans4G deployed its contactless & cashless biometric payment solutions as a proof of concept in the public and business facilities of Japan’s Shizuoka prefecture. The solution can be used in a broad set of sectors including restaurants, retail, and hotels. The solution’s large-scale adoption is expected to boost the area’s tourism sector. This industry will surge in the country, with government authorities encouraging the implementation of biometric payment technologies.
  • Familiarity of the Windows interface & operating system will foster the adoption of POS terminals
  • Several manufacturers and service providers in the payment industry are offering different versions of the Windows operating system with their solutions. The easy accessibility & affordability of Windows OS-based laptops/desktops has increased its familiarity over the years. According to Microsoft Corporation, there are over 1.4 billion monthly active devices running on Windows 11 or Windows 10. System awareness in terms of user interface and applications has also supported the utilization of Windows-based POS terminals around the globe. The advancement of Windows OS will further stimulate its usage in the coming years.
  • The focus on improving customer shopping experiences will accelerate the deployment of advanced POS terminals
  • The retail sector captured for majority of the global POS terminals market impelled by the demand for comprehensive payment solutions in the retail industry. Retailers are integrating high-end POS solutions throughout stores to enhance traditional shopping practices and remove bottlenecks in operational activities. These solutions support store owners in transactional data tracking, inventory management, remote monitoring, and online orders. In addition, the introduction of self-checkout retail stores has propelled the market value.
  • Usage of cashless transactions through POS terminals in several industries will augment the market demand
  • To check discounted pricing for this report: Request Discount
  • Europe POS terminals market held 25% of revenue share in 2021 on account of the developing retail, and healthcare sectors in countries such as the UK, Germany, and France. The advancement of these sectors has enhanced the acceptance of POS solutions. According to the European Association for Secure Transactions (EAST), POS terminals are the most widely installed terminal types in the region. As per the association, nearly 16.1 million POS terminals were deployed in Europe till the first half of 2021, an increase of around 3% from 2020. This indicates a rise in the adoption of the solution to cater to the growing demand for cashless transactions from individuals.
  • KEY MARKET SEGMENTS
  • By Product
  • Mobile
  • Fixed
  • By Component
  • Hardware
  • Software
  • Service
  • By Technology
  • Biometric
  • Traditional
  • By Operating System
  • Windows
  • Linux
  • MAC
  • By Application
  • Restaurants
  • Hospitality
  • Healthcare
  • Retail
  • Warehouse/distribution
  • Entertainment
  • Others
  • The above information has been provided for the following regions and countries:
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia & New Zealand (ANZ)
  • Southeast Asia
  • South America
  • Brazil
  • Argentina
  • Chile
  • Colombia
  • MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Key Players:
  • AURES Group
  • Bematech SA
  • Castles Technology, Co. Ltd
  • Diebold Nixdorf
  • Fujian Newland Payment Technology Co., Ltd.
  • NCR Corporation
  • NEC Corporation
  • New POS Technology Limited
  • Panasonic Corporation
  • PAR Technology Corporation
  • PAX Technology
  • Posiflex Technology
  • Samsung Electronics, Co., Ltd.
  • Toshiba Corporation
  • Touch Dynamic Inc.
Customization scope Free report customization (15% Free customization) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options Reap the benefits of customized purchase options to fit your specific research requirements.

Objectives of the Study

  • To forecast the market size, in terms of value, for various segments with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
  • To provide detailed information regarding the major factors influencing the growth of the Market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze the micro markets with respect to the individual growth trends, future prospects, and contribution to the total market
  • To provide a detailed overview of the value chain and analyze market trends with the Porter's five forces analysis
  • To analyze the opportunities in the market for various stakeholders by identifying the high-growth Segments
  • To identify the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
  • To analyze competitive development such as joint ventures, mergers and acquisitions, new product launches and development, and research and development in the market

What does this Report Deliver?

  • Market Estimation for 20+ Countries
  • Historical data coverage: 2016 to 2022
  • Growth projections: 2022 to 2028
  • SkyQuest's premium market insights: Innovation matrix, IP analysis, Production Analysis, Value chain analysis, Technological trends, and Trade analysis
  • Customization on Segments, Regions, and Company Profiles
  • 100+ tables, 150+ Figures, 10+ matrix
  • Global and Country Market Trends
  • Comprehensive Mapping of Industry Parameters
  • Attractive Investment Proposition
  • Competitive Strategies Adopted by Leading Market Participants
  • Market drivers, restraints, opportunities, and its impact on the market
  • Regulatory scenario, regional dynamics, and insights of leading countries in each region
  • Segment trends analysis, opportunity, and growth
  • Opportunity analysis by region and country
  • Porter's five force analysis to know the market's condition
  • Pricing analysis
  • Parent market analysis
  • Product portfolio benchmarking

Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on POS Terminals Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on POS Terminals Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)
  • ends
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • POS Terminals Market size exceeded USD 65 billion in 2021 and is projected to expand at over 10% CAGR from 2022 to 2028. The global industry shipments are anticipated to cross 180 million units by 2028.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • To get more details on this report: Request Free Sample PDF
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The market growth is attributed to the rising use of credit/debit cards for transactions. Seamless & contactless payment processes offered by these smart cards is a key factor supporting the growing adoption of POS terminals around the globe. The expanding utilization of cards will encourage companies from different sectors, such as retail, healthcare, entertainment, and hospitality, to install these terminals and subsequently support the industry progression. The COVID-19 pandemic had a negative impact on the POS terminals market in 2020. The imposition of strict lockdown regulations by government authorities to limit the virus spread hampered supply chains. Manufacturers faced challenges such as delays in raw material procurements, temporary closure of production facilities, labor shortages, and disruptions in production processes. These factors affected the R&D activities of companies with respect to technological developments, expansion into new regions, and revenue generation. However, relaxations in several norms & border regulations rekindled general supply chain activities in the second half of FY2020, helping manufacturers deliver terminals on time and subsequently supporting the industry expansion.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Base Year:2021Market Size in 2021:65 billion (USD)Forecast Period:2022 to 2028Forecast Period 2022 to 2028 CAGR:10%2028 Value Projection:160 billion (USD)Historical Data for:2018 to 2021No. of Pages:350 Tables, Charts & Figures:717Segments covered:Product, Component, Technology, Operating System, Application, and RegionGrowth Drivers:Advancements in payment technologies and move towards EMV in North America Increasing demand for contactless and cashless payments in Europe Increase in NFC and contactless payments in Europe and Asia Pacific High demand for POS terminals from several industry verticals in Asia Pacific Inclination towards online payments in Europe & North America Increasing demand for mobile POS terminals in South America Expanding retail sector and adoption of advanced payment technologies in MEAPitfalls & Challenges:Lack of robust and reliable infrastructures in the remote regions Data security breachesTo get details on how to order this report click here
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Investments in R&D activities to introduce new mPOS solutions will lead to the market progression
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • To tailor this report to your specific requirements: Customize this Report
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In U.S., mPOS terminals segment is predicted to observe a 15% growth rate through 2028 owing to the rising focus on mPOS technological developments. With the increasing acceptance of cashless transactions, industry players are capturing the developing market with portfolio expansion. For instance, in January 2022, Adyen introduced its Android-based mPOS solution for the U.S. and UK markets. The Android device allows merchants to accept major digital payment methods such as mobile wallets, magstripes, and chip cards. It offers an app management feature that enables merchants to upload & access external business applications for loyalty programs, inventory management, and returns.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Increasing adoption of POS terminal software by the restaurant chains will spur the growth for UK region
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • UK POS terminals market accounted for USD 4 billion in 2021 due to the rising expansion of casual dining brands such as Big Table Group, Honest Burgers, and McDonald's Corporation. These companies are implementing advanced POS systems to simply their financial transactions and track the customer data for marketing purposes. In October 2021, Big Table Group expanded its Las Iguanas brand presence across the UK by opening 50 new stores. The restaurant chain, with 57 outlets in the country, offers Latin American cuisines. The initiative almost doubled its presence in the country, with a total of around 107 outlets. Such expansions are driving the POS terminal demand to help in coordinating the operational and financial activities of restaurants situated in different locations. The software will support restaurant chain owners in inventory management, payment processing, email marketing, and online food ordering.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Deployment of biometric payment solutions in existing systems will fuel the market revenue
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Rising emphasis on improving the security and convenience of payment methods for individuals is stimulating the biometric segment expansion in Japan. Municipalities and other government bodies are taking steps to drive the utilization of biometric solutions on a larger scale. For instance, in March 2021, VeriTrans4G deployed its contactless & cashless biometric payment solutions as a proof of concept in the public and business facilities of Japan’s Shizuoka prefecture. The solution can be used in a broad set of sectors including restaurants, retail, and hotels. The solution’s large-scale adoption is expected to boost the area’s tourism sector. This industry will surge in the country, with government authorities encouraging the implementation of biometric payment technologies.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Familiarity of the Windows interface & operating system will foster the adoption of POS terminals
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Several manufacturers and service providers in the payment industry are offering different versions of the Windows operating system with their solutions. The easy accessibility & affordability of Windows OS-based laptops/desktops has increased its familiarity over the years. According to Microsoft Corporation, there are over 1.4 billion monthly active devices running on Windows 11 or Windows 10. System awareness in terms of user interface and applications has also supported the utilization of Windows-based POS terminals around the globe. The advancement of Windows OS will further stimulate its usage in the coming years.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The focus on improving customer shopping experiences will accelerate the deployment of advanced POS terminals
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The retail sector captured for majority of the global POS terminals market impelled by the demand for comprehensive payment solutions in the retail industry. Retailers are integrating high-end POS solutions throughout stores to enhance traditional shopping practices and remove bottlenecks in operational activities. These solutions support store owners in transactional data tracking, inventory management, remote monitoring, and online orders. In addition, the introduction of self-checkout retail stores has propelled the market value.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Usage of cashless transactions through POS terminals in several industries will augment the market demand
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • To check discounted pricing for this report: Request Discount
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Europe POS terminals market held 25% of revenue share in 2021 on account of the developing retail, and healthcare sectors in countries such as the UK, Germany, and France. The advancement of these sectors has enhanced the acceptance of POS solutions. According to the European Association for Secure Transactions (EAST), POS terminals are the most widely installed terminal types in the region. As per the association, nearly 16.1 million POS terminals were deployed in Europe till the first half of 2021, an increase of around 3% from 2020. This indicates a rise in the adoption of the solution to cater to the growing demand for cashless transactions from individuals.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KEY MARKET SEGMENTS
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Product
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Mobile
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Fixed
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Component
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Hardware
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Software
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Service
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Technology
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Biometric
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Traditional
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Operating System
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Windows
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Linux
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • MAC
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Application
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Restaurants
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Hospitality
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Healthcare
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Retail
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Warehouse/distribution
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Entertainment
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Others
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The above information has been provided for the following regions and countries:
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • North America
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • U.S.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Canada
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Mexico
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Europe
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • UK
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Germany
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • France
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Italy
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Spain
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Russia
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Asia Pacific
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • China
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • India
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Japan
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • South Korea
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Australia & New Zealand (ANZ)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Southeast Asia
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • South America
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Brazil
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Argentina
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Chile
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Colombia
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • MEA
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • UAE
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Saudi Arabia
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • South Africa
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Key Players:
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • AURES Group
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Bematech SA
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Castles Technology, Co. Ltd
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Diebold Nixdorf
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Fujian Newland Payment Technology Co., Ltd.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • NCR Corporation
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • NEC Corporation
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • New POS Technology Limited
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Panasonic Corporation
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • PAR Technology Corporation
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • PAX Technology
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Posiflex Technology
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Samsung Electronics, Co., Ltd.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Toshiba Corporation
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Touch Dynamic Inc.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments

Methodology

For the POS Terminals Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the POS Terminals Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the POS Terminals Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the POS Terminals Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

The market for POS Terminals was estimated to be valued at US$ XX Mn in 2021.

The POS Terminals Market is estimated to grow at a CAGR of XX% by 2028.

The POS Terminals Market is segmented on the basis of Product, Component, Technology, Operating System, Application.

Based on region, the POS Terminals Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the POS Terminals Market are ends, POS Terminals Market size exceeded USD 65 billion in 2021 and is projected to expand at over 10% CAGR from 2022 to 2028. The industry shipments are anticipated to cross 180 million units by 2028., To get more details on this report: Request Free Sample PDF , The market growth is attributed to the rising use of credit/debit cards for transactions. Seamless & contactless payment processes offered by these smart cards is a key factor supporting the growing adoption of POS terminals around the globe. The expanding utilization of cards will encourage companies from different sectors, such as retail, healthcare, entertainment, and hospitality, to install these terminals and subsequently support the industry progression. The COVID-19 pandemic had a negative impact on the POS terminals market in 2020. The imposition of strict lockdown regulations by government authorities to limit the virus spread hampered supply chains. Manufacturers faced challenges such as delays in raw material procurements, temporary closure of production facilities, labor shortages, and disruptions in production processes. These factors affected the R&D activities of companies with respect to technological developments, expansion into new regions, and revenue generation. However, relaxations in several norms & border regulations rekindled general supply chain activities in the second half of FY2020, helping manufacturers deliver terminals on time and subsequently supporting the industry expansion., Base Year:2021Market Size in 2021:65 billion (USD)Forecast Period:2022 to 2028Forecast Period 2022 to 2028 CAGR:10%2028 Value Projection:160 billion (USD)Historical Data for:2018 to 2021No. of Pages:350 Tables, Charts & Figures:717Segments covered:Product, Component, Technology, Operating System, Application, and RegionGrowth Drivers:Advancements in payment technologies and move towards EMV in North America Increasing demand for contactless and cashless payments in Europe Increase in NFC and contactless payments in Europe and Asia Pacific High demand for POS terminals from several industry verticals in Asia Pacific Inclination towards online payments in Europe & North America Increasing demand for mobile POS terminals in South America Expanding retail sector and adoption of advanced payment technologies in MEAPitfalls & Challenges:Lack of robust and reliable infrastructures in the remote regions Data security breachesTo get details on how to order this report click here , Investments in R&D activities to introduce new mPOS solutions will lead to the market progression, To tailor this report to your specific requirements: Customize this Report , In U.S., mPOS terminals segment is predicted to observe a 15% growth rate through 2028 owing to the rising focus on mPOS technological developments. With the increasing acceptance of cashless transactions, industry players are capturing the developing market with portfolio expansion. For instance, in January 2022, Adyen introduced its Android-based mPOS solution for the U.S. and UK markets. The Android device allows merchants to accept major digital payment methods such as mobile wallets, magstripes, and chip cards. It offers an app management feature that enables merchants to upload & access external business applications for loyalty programs, inventory management, and returns., Increasing adoption of POS terminal software by the restaurant chains will spur the growth for UK region, UK POS terminals market accounted for USD 4 billion in 2021 due to the rising expansion of casual dining brands such as Big Table Group, Honest Burgers, and McDonald's Corporation. These companies are implementing advanced POS systems to simply their financial transactions and track the customer data for marketing purposes. In October 2021, Big Table Group expanded its Las Iguanas brand presence across the UK by opening 50 new stores. The restaurant chain, with 57 outlets in the country, offers Latin American cuisines. The initiative almost doubled its presence in the country, with a total of around 107 outlets. Such expansions are driving the POS terminal demand to help in coordinating the operational and financial activities of restaurants situated in different locations. The software will support restaurant chain owners in inventory management, payment processing, email marketing, and online food ordering., Deployment of biometric payment solutions in existing systems will fuel the market revenue, Rising emphasis on improving the security and convenience of payment methods for individuals is stimulating the biometric segment expansion in Japan. Municipalities and other government bodies are taking steps to drive the utilization of biometric solutions on a larger scale. For instance, in March 2021, VeriTrans4G deployed its contactless & cashless biometric payment solutions as a proof of concept in the public and business facilities of Japan’s Shizuoka prefecture. The solution can be used in a broad set of sectors including restaurants, retail, and hotels. The solution’s large-scale adoption is expected to boost the area’s tourism sector. This industry will surge in the country, with government authorities encouraging the implementation of biometric payment technologies., Familiarity of the Windows interface & operating system will foster the adoption of POS terminals, Several manufacturers and service providers in the payment industry are offering different versions of the Windows operating system with their solutions. The easy accessibility & affordability of Windows OS-based laptops/desktops has increased its familiarity over the years. According to Microsoft Corporation, there are over 1.4 billion monthly active devices running on Windows 11 or Windows 10. System awareness in terms of user interface and applications has also supported the utilization of Windows-based POS terminals around the globe. The advancement of Windows OS will further stimulate its usage in the coming years., The focus on improving customer shopping experiences will accelerate the deployment of advanced POS terminals, The retail sector captured for majority of the POS terminals market impelled by the demand for comprehensive payment solutions in the retail industry. Retailers are integrating high-end POS solutions throughout stores to enhance traditional shopping practices and remove bottlenecks in operational activities. These solutions support store owners in transactional data tracking, inventory management, remote monitoring, and online orders. In addition, the introduction of self-checkout retail stores has propelled the market value., Usage of cashless transactions through POS terminals in several industries will augment the market demand, To check discounted pricing for this report: Request Discount , Europe POS terminals market held 25% of revenue share in 2021 on account of the developing retail, and healthcare sectors in countries such as the UK, Germany, and France. The advancement of these sectors has enhanced the acceptance of POS solutions. According to the European Association for Secure Transactions (EAST), POS terminals are the most widely installed terminal types in the region. As per the association, nearly 16.1 million POS terminals were deployed in Europe till the first half of 2021, an increase of around 3% from 2020. This indicates a rise in the adoption of the solution to cater to the growing demand for cashless transactions from individuals., KEY MARKET SEGMENTS, By Product, Mobile, Fixed, By Component, Hardware, Software, Service, By Technology, Biometric, Traditional, By Operating System, Windows, Linux, MAC, By Application, Restaurants, Hospitality, Healthcare, Retail, Warehouse/distribution, Entertainment, Others, The above information has been provided for the following regions and countries:, North America , U.S., Canada, Mexico, Europe , UK, Germany, France, Italy, Spain, Russia, Asia Pacific, China, India, Japan, South Korea, Australia & New Zealand (ANZ), Southeast Asia, South America, Brazil, Argentina, Chile, Colombia, MEA, UAE, Saudi Arabia, South Africa, Key Players:, AURES Group, Bematech SA, Castles Technology, Co. Ltd, Diebold Nixdorf, Fujian Newland Payment Technology Co., Ltd., NCR Corporation, NEC Corporation, New POS Technology Limited, Panasonic Corporation, PAR Technology Corporation, PAX Technology, Posiflex Technology, Samsung Electronics, Co., Ltd., Toshiba Corporation, Touch Dynamic Inc..

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