POS Terminals Market is projected to reach USD 196.5 Billion by 2030 from USD 104.01 Billion in 2022 at a CAGR of 8.27% from the year 2024 to 2031.
The point of market testifies to the rise of such things as detailed and comprehensive acceptance of wireless payment terminals offered to merchants, as well as the growth of various types of payment methods such as EuroPay, Visa (EMV) and MasterCards. Also, the point of selling the end market is being pushed to grow as there is a huge increase in e-commerce and online transactions. point of sale (PoS) can also be understood as a place of purchase. This can be seen as a time and a purchase when any transaction is considered complete in both conclusions which are buyers and sellers. The POS terminal can be considered as a hardware system that assists in processing card payments at various stores. This plan will help your business to accept payments in a variety of ways from customers and, following the right sales process. This may sound simple, but setting it up raises questions as it requires management skills and competent expertise.
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DRIVER
Features that are part of POS programs help increase productivity that has a positive impact on sales value, too. Many features will require minimal interaction from any professional with the system installation process. Also, these devices come with the power of plug-and-play used with preinstalled software components. In addition, the system helps to eliminate the problems that often arise when setting up the system for users, which is why, it makes it easier for both small and medium retailers to use these programs smoothly. Also, the ease of use provided by programs with increasing efficiency while driving the point of market growth growth during forecasting.
RESTRAINTS
However, privacy issues and concerts related to data leaks and misuse of the information provided and printed on the cards limit the target audience to select and fully trust these devices and solutions presented by market performance and marketable sales space during the 2023-2030 forecast period. Also, a less amount of information among targeted audiences will affect the point of final market sales during the forecast period ending in 2030. Also, many manufacturers are already struggling with the losses experienced during the epidemic that prevents them from investing in operating. these on a detailed scale.
By Type
Part of the terminal point of sale terminal market includes mPOS, smart POS, portable countertop and PIN Pad, and others such as smart mobile dongle and mini POS.
By Component
The hardware component was identified as the largest component in 2021, accounting for a market share of over 60.0%. The share is expected to expand to the CAGR by about 6.0% from 2023 to 2030. Computer hardware components include devices or links to register transaction information, such as monitors, tablets, receipt printers, cash drawers, barcode scanners, network equipment, and EFT-POS equipment. A static POS terminal integrates multiple computer hardware components to complete the system and provides the ability to manage day-to-day operations using the system.
By Application
The retail segment emerged as the largest segment in 2021, accounting for approximately 27.0% of the total market. A few vendors move on to simplified mode to avoid long queues and delayed transactions. As a result, retailers are now integrating the POS system with inventory data, marketing, and Customer Relationship Management (CRM) to provide a personal, collaborative, and unique customer experience. In addition, part of the store is divided into two stores / supermarkets, convenience stores, grocery stores, specialty stores and a gas station. The share of supermarkets / hypermarkets is expected to expand to a very high CAGR by more than 8.5% during the forecast period.
The novel coronavirus has encouraged a variety of changes in the way businesses perform their production and production activities, companies have developed their own processes to meet organizational goals, and people performing tasks in their normal life-style. The epidemic has introduced new struggles for all industries and verticals with the exception of others such as health care services and practices such as working from home, working online and classes among others. The government has imposed bans and restrictions on the sale of domestic and international markets. Also, there is a decline in imports and exports due to international practices.
Commercial real estate market (PoS) has grown during the coronavirus violence and the ongoing forecast period of 2023-2030, too. The retail market reduces the risk of physical involvement and, as a result, reduces the risk of contracting the disease. MasterCard is available with a widescreen WiFi feature and is gaining momentum among target audiences spread across various parts of the world during the ongoing 2023-2030 forecast period.
BY TYPE
Fixed
Mobile
Portable Countertop & PIN Pad
mPOS
Smart POS
Others
BY COMPONENTS
Hardware
POS Software & Services
BY APPLICATION
Retail
Hospitality
Healthcare
Transportation
Sports & Entertainment
Others
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Based on the global diversity of retail outlets and the distribution of targeted audiences around the world, the market operates in 4 major regions. The North American market is likely to grow with excellent growth prospects and thus, has helped the market reach its largest point of market size at the end of the 2023-2030 forecast period. The point of sale in the retail market is home to the modern development of the payment industry as well, with extensive contributions made by business-specific solutions. Another reason that will help the market to gain momentum in the global competition is the significant use and implementation of wireless PoS terminals across a wide range of industries such as the hotel, medical, and healthcare among others such as the retail and entertainment industry. EMV is one of the compliance requirements affecting improved security of payments that will add to the market growth graph during the forecast period 2023-2030.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Major market players in POS Terminals Market are, VeriFone Systems, Micros Systems, Ingenico S.A., Pax technology Limited, Cisco, Systems, Squirrel Systems, Toshiba Corporation, POS Direct Ltd, Panasonic Corporation, NEC Corporation, NCR CorporationHewlett-Packard Corporation, Samsung Electronics., Ingenico, First Data, PAX Global Technology, NCR Diebold Nixdorf , BBPOS, Elavon , Castles Technology, Winpos, BITEL.
Micros Systems-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 104.01 Billion |
| Market Size by 2031 | US$ 196.5 Billion |
| CAGR | CAGR of 8.27% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Type (Fixed, Mobile, Portable Countertop & PIN Pad, mPOS, Smart POS, Other) • by Component (Hardware, POS Software & Services) • by Application (Retail, Hospitality, Healthcare, Transportation, Sports & Entertainment, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | VeriFone Systems, Micros Systems, Ingenico S.A., Pax technology Limited, Cisco, Systems, Squirrel Systems, Toshiba Corporation, POS Direct Ltd, Panasonic Corporation |
| Key Drivers | • Features that are part of POS programs help increase productivity that has a positive impact on sales value, too |
| RESTRAINTS | • privacy issues and concerts related to data leaks. |
POS Terminals Market size was valued at 104.01 billion in 2023 at a CAGR of 8.27%.
Yes, and they are Raw material vendors, Distributors/traders/wholesalers/suppliers, Regulatory authorities, including government agencies and NGO, Commercial research & development (R&D) institutions, Importers and exporters, Government organizations, research organizations, and consulting firms, Trade/Industrial associations, End-use industries
In the POS Terminals Market, the hardware component has a highest market share of around 60%.
The North American region dominates the POS Terminals Market.
Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.
Table of Contents:
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Global POS Terminals Market Segmentation, by type
8.1 Introduction
8.2 Fixed
8.3 Mobile
8.4 Portable Countertop & PIN Pad
8.5 mPOS
8.6 Smart POS
8.7 Others
9. Global POS Terminals Market Segmentation, by component
9.1 Introduction
9.2 Hardware
9.3 POS Software & Services
10. Global POS Terminals Market Segmentation, by application
10.1 Introduction
10.2 Retail
10.3 Hospitality
10.4 Healthcare
10.5 Transportation
10.6 Sports & Entertainment
10.7 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
13. Company Profiles
13.1 VeriFone Systems
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Micros Systems
13.3 Ingenico S.A.
13.4 Pax technology Limited
13.5 Cisco Systems
13.6 Squirrel Systems
13.7 Toshiba Corporation
13.8 POS Direct Ltd
13.9 Panasonic Corporation
13.10 NEC Corporation
13.11 NCR CorporationHewlett-Packard Corporation
13.12 Samsung Electronics.
13.13 Ingenico
13.14 First Data
13.15 PAX Global Technology
13.16 NCR Diebold Nixdorf
13.17 BBPOS
13.18 Elavon
13.19 Castles Technology
13.20 Winpos
13.21 BITEL
14. Competitive Landscape
14.1 Competitive Benchmark
14.2 Market Share analysis
14.3 Recent Developments
15. Conclusion
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