POS Terminals Market Size, Share & Segmentation 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), and by Regions | Global Market Forecast 2023-2030

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.

MARKET DYNAMICS

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 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.

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 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.

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, 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.

COMPETITIVE LANDSCAPE

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.

Market Segmentation

BY TYPE

1. Fixed

2. Mobile

3. Portable Countertop & PIN Pad

4. mPOS

5. Smart POS

6. Others

BY COMPONENTS

1. Hardware

2. POS Software & Services

BY APPLICATION

1. Retail

2. Hospitality

3. Healthcare

4. Transportation

5. Sports & Entertainment

6. Others

REGIONAL ANALYSIS:

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.

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

Frequently Asked Questions (FAQ) :