Report Id: SNS/SEMI/1308 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
POS Terminals Market is projected to reach USD 178.78 Billion by 2030 from USD 90.38 Billion in 2022 at a CAGR of 8.9% from the year 2023 to 2030.
The point of market marketing 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.
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.
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 2022-2028 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 2028. 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.
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.
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 2022 to 2028. 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.
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, 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.
IMPACT OF COVID-19
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 2021-2028, 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 2022-2028 forecast period.
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.
Portable Countertop & PIN Pad
POS Software & Services
Sports & Entertainment
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 2022-2028 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 2022-2028.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 90.38 Billion|
|Market Size by 2030||US$ 178.78 Billion|
|CAGR||CAGR of 8.9% From 2023 to 2030|
|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.|
Frequently Asked Questions (FAQ) :
POS Terminals Market size was valued at 85.16 billion in 2021 at a CAGR of 8.5%.
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:
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
18.104.22.168 United Kingdom
22.214.171.124 South Korea
126.96.36.199 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
8.4 Portable Countertop & PIN Pad
8.6 Smart POS
9. Global POS Terminals Market Segmentation, by component
9.3 POS Software & Services
10. Global POS Terminals Market Segmentation, by application
10.6 Sports & Entertainment
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
13. Company Profiles
13.1 VeriFone Systems
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.
13.14 First Data
13.15 PAX Global Technology
13.16 NCR Diebold Nixdorf
13.19 Castles Technology
14. Competitive Landscape
14.1 Competitive Benchmark
14.2 Market Share analysis
14.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.