POS Terminals Market
Report ID: SQMIG45E2314
Report ID: SQMIG45E2314
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Report ID:
SQMIG45E2314 |
Region:
Global |
Published Date: March, 2025
Pages:
182
|Tables:
119
|Figures:
72
POS Terminals Market size was valued at USD 111.21 Billion in 2024 and is poised to grow from USD 120.77 Billion in 2025 to USD 233.67 Billion by 2033, growing at a CAGR of 8.6% during the forecast period (2026–2033).
Rapidly increasing adoption of digital and contactless payment solutions around the world is slated to boost the adoption of POS (point of sale) terminals in the future. The booming e-commerce and retail industry is also slated to create new opportunities for POS terminal suppliers around the world. The launch of new supportive initiatives and incentives by governments for the adoption of digital payments is also slated to benefit the global POS terminals market growth in the long run. Advancements in POS technologies and the launch of innovative new POS systems are also slated to bolster market development potential over the coming years. High demand for omnichannel payment solutions and the development of subscription-based models are slated to help create new business scope for POS terminal companies in the future. On the contrary, high initial investments and maintenance costs, infrastructure limitations, data privacy, and security concerns, resistance to change, and regulatory compliance are some key restraints for market players across the study period and beyond.
Market snapshot - 2026-2033
Global Market Size
USD 102.4 billion
Largest Segment
Fixed
Fastest Growth
Mobile
Growth Rate
8.6% CAGR
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Global POS Terminals Market is segmented by Product, Component, Deployment, End Use and region. Based on Product, the market is segmented into Fixed and Mobile. Based on Component, the market is segmented into Hardware, Software and Services. Based on Deployment, the market is segmented into Cloud and On-premise. Based on End Use, the market is segmented into Restaurants, Retail, Hospitality, Healthcare, Warehouse, Entertainment and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Product Type
The fixed segment is forecasted to account for a substantial chunk of the global POS terminals market share going forward. High processing speed and reliable connectivity of fixed POS terminals are driving their preference among businesses around the world. Large enterprises with high spending potential are more likely to opt for fixed POS terminals owing to the high procurement and installation costs associated with this type of POS terminals. Availability of customized checkout processes, better inventory management, and improved scope for integration with other solutions are driving preference for fixed POS terminals. Restaurants, brick and mortar stores, and traditional convenience stores are the prime adopters of fixed POS terminals.
Meanwhile, the demand for mobile POS terminals is slated to rise at a notable CAGR across the study period. Surging use of in-store mobile payments by consumers around the world is projected to boost the adoption of mobile POS terminals. High flexibility, easy to use interface, and portable nature are helping this segment generate new opportunities for market players. Low costs of setup and implementation are making mobile POS systems highly popular among businesses with limited spending potential. Growing use of cloud-based POS software is also estimated to widen the application scope of mobile POS systems in the long run.
Analysis by End Use
The retail segment is slated to hold the highest global POS terminals market share in the future. Growing investments in retail infrastructure development and rising emphasis on improving retail shopping experiences are promoting the adoption of POS terminals via this segment. Adoption of smart retail technologies and establishment of smart retail stores are also boosting the popularity of self-checkout POS terminals. Integration of POS terminals with CRM (Customer Relationship Management) solutions to gain better insights on consumer purchases and behavior is also slated to offer new opportunities for market players in the long run. Supermarkets/hypermarkets and convenience stores are estimated to be prime retail establishments where the use of POS terminals is high.
On the other hand, the demand for POS terminals in restaurants is slated to account for the second-largest share of the global POS terminals industry. Faster transaction times, improved order management, and enhanced operational efficiency are some key benefits associated with the deployment of POS terminals in restaurants. POS terminals also allow restaurants to reduce their risk of errors and improve their customer service thereby helping them enhance their profitability. Detailed insights on menu item performance can also be obtained by restauranteurs to check which items perform best and how the menu can be optimized. Mobile POS terminals are slated to be highly popular in restaurants all over the world for their ease of use and portability.
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The Asia Pacific region is slated to hold a substantial share of the global POS terminals industry over the coming years. Increasing efforts of government to promote cashless transactions, expansion of retail infrastructure, and evolving consumer preferences are key factors cementing the dominance of this region. Increasing smartphone and internet usage is also expected to promote the demand for POS terminals in this region going forward. China, Japan, and India are estimated to emerge as the most opportune markets for POS terminal suppliers looking to make a mark in the Asia Pacific region through 2032.
North America is forecasted to account for the second-largest share of the global POS terminal demand going forward. The presence of an established retail infrastructure, high adoption of contactless payment solutions, and availability of innovative POS terminals are helping generate new opportunities via this region. Adoption of POS terminals in the healthcare industry in North America is also estimated to boost revenue generation for POS terminal vendors through 2032. The United States remains the key country in this region owing to presence of a developed technological infrastructure. Canada is also emerging as a highly opportune market in the North American region.
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POS Terminals Market Drivers
Rapid Expansion of Retail Industry
Growing Use of Cashless Transactions
POS Terminals Market Restraints
Resistance to Technology Adoption
Data Privacy and Cybersecurity Concerns
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As per this global POS terminals market analysis, launching new POS terminals and systems with advanced features can help companies stand out from their competition. Targeting emerging countries with high emphasis on cashless payments can also help POS terminal suppliers maximize their business scope in the long run. Product innovation and integration with smart technologies are slated to be essential for success of any POS terminal company through 2032.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, growing use of cashless transactions and rapid expansion of the retail industry are forecasted to drive the demand for POS terminals over the coming years. However, resistance to technology adoption, cybersecurity and data privacy concerns are slated to impede the adoption of POS terminals in the future. The Asia Pacific region is slated to spearhead the global POS terminal demand outlook owing to the expansion of retail infrastructure and changes in consumer preferences. The retail segment is projected to spearhead the adoption of fixed POS terminals in the long run as investments in retail infrastructure development increase on a global level. Development of subscription-based POS models and omnichannel payment solutions can also help companies maximize their revenue generation potential in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 111.21 Billion |
| Market size value in 2033 | USD 233.67 Billion |
| Growth Rate | 8.6% |
| Base year | 2024 |
| Forecast period | 2026-2033 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
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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