The Retail Point-Of-Sale Terminals Market size was valued at USD 31.1 billion in 2023 and is expected to grow to USD 55.6 billion by 2031 and grow at a CAGR of 7.5% over the forecast period of 2024-2031.
A POS terminal is a mix of hardware and software that, at its most basic, handles all transactions in your store. Your store may sell products, accept numerous payment methods, collect crucial company data, and simplify operations with a POS terminal. The classic example is cash registers. Modern POS terminals, on the other hand, might range from smartphones with built-in card readers to countertop terminals that print receipts, scan bar codes, and more.
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A POS terminal helps firms optimize their sales processes. It enables them to handle and manage transactions in which a customer purchase anything. The complexity and functionality of POS terminals varies, but their principal roles often.
Increasing Digital payment technology
Growing interest in non-cash transactions
The Security and growth on stored funds in accounts, and simplicity are some of the key benefits of becoming cashless that are attracting more users. Better financial management and adaptability. The ability to use banking cards to make various types of digital payments enables. Customers should pay via cashless ways. Users can use digital payment apps or mobile wallets to keep their credit card information secure.
RESTRAIN:
Data Security Concerns
Awareness among people
High maintenance cost
OPPORTUNITY:
High Demand for POS Terminals in the SME Sector
Until recently, POS credit card machines were mostly found in brand retail stores and various hospitality facilities. However, small and medium-sized organizations (SMEs) are increasingly opting for these terminals. Mobile POS machines are widely used by small regional outlets and micro-businesses in developing economies such as India and China to manage sales and inventory. Mobile POS machines enable small and medium-sized organizations to utilize and deploy existing front and back-office systems operates on a single platform. Retail point-of-sale machines increase customer engagement levels while also tracking inventory.
CHALLENGES:
Lack of awareness among the audience
The wireless POS systems have a high maintenance cost
The expense of maintaining wireless POS systems is extremely high. It is tough to repair the hardware utilized in POS systems. Despite the ability to contact the manufacturer to assist the customer in troubleshooting the problem, it may still necessitate a costly, time-consuming visit from a service provider to resolve the issue. Unlike web-based systems, which provide free upgrades to keep them up to date, software-based upgrades are prohibitively expensive. Every time an upgrade is required as part of business expansion, the user must pay for new licenses and software. The monthly subscription fees connected with these systems may reduce the long-term Return on Investment (RoI).
The retail industry is being harmed by inflation or an economic recession. Consumers are gradually losing interest in purchasing as the economy deteriorates. For those who are interested, the uneven income, followed by the economic slowdown, is not matching their purchasing needs. This trend quickly failed the retail industry's ambitions. Anyway, this is only a short-term catastrophe for the retail industry until things settle down.
India's organized retail is suffering as a result of the country's economic slump. India's investment in organized retailing was predicted to reach $25 billion over the following five years. Over a five-year span, there are hints of a downturn. No surprise, then, that in the current environment, issues such as store rationalization, regionalization, working capital management, cost optimization, and Manpower resizing is at the top of the list.
By Product
Fixed
Mobile
By Component
Hardware
Software
Services
By End User
Supermarkets/Hypermarkets
Grocery Stores
Specialty Stores
Convenience Stores
Gas Stations
Discount Stores
Other End Users
In 2023, Asia Pacific dominated the global point-of-sale (POS) terminal market, and it is expected to rise at a significant CAGR over the forecast period. Increased government initiatives to establish centralized payment systems, increased smartphone penetration, and increased launch of NFC-enabled debit and credit cards are propelling the regional market.
Because of extensive awareness of POS systems among small merchants as well as big retail, hospitality, and restaurant organizations in the region, North America accounted for a significant part of the market in 2023. The introduction of advanced payment technologies such as Near-field Communication (NFC) and biometric authentication Payment cards are also a driving force in the North American market.
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REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Some of key players of Retail Point-Of-Sale Terminals Market are Acrelec, AURES Group, HM Electronics, Hewlett Packard Development LP, NCR Corp., Oracle, Presto Group, Quail Digital, Revel Systems, Toast, Inc., Toshiba Corp., TouchBistro, Xenial, Inc. and other players are listed in a final report.
Oracle-Company Financial Analysis
Apollo Global Management, Inc. bought Ingenico, a provider of POS terminals and payment systems, in October 2022.
In May 2022, GK Software SE teamed with Rizing, LLC, a SAP consulting services provider, to develop sophisticated retail solutions that would be integrated into GK and SAP S/AHANA omnichannel point-of-sale (POS).
VeriFone teamed with DNA Payments in February 2022 to introduce their Android Trinity Series POS Terminal in the United Kingdom.
| Report Attributes | Details |
|
Market Size in 2023 |
US$ 31.1 Bn |
|
Market Size by 2031 |
US$ 55.6 Bn |
|
CAGR |
CAGR of 7.5 % From 2024 to 2031 |
|
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 Product (Fixed, Mobile), By Component (Hardware, Software, Services), By End User (Supermarkets/Hypermarkets, Grocery Stores, Specialty Stores, Convenience Stores, Gas Stations, Discount Stores, Other End Users, Others (Department Stores and Miscellaneous Retailers) |
|
Regional Analysis/Coverage |
North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
|
Company Profiles |
Acrelec, AURES Group, HM Electronics, Hewlett Packard Development LP, NCR Corp., Oracle, Presto Group, Quail Digital, Revel Systems, Toast, Inc., Toshiba Corp., TouchBistro, Xenial, Inc. |
|
Key Drivers |
•Increasing Digital payment technology |
|
Market Restraints |
• Data Security Concerns |
Retail Point-Of-Sale Terminals Market is anticipated to expand by 7.5 % from 2024 to 2031.
USD 55.6 billion is expected to grow by 2031
Retail Point-Of-Sale Terminals Market size was valued at USD 31.1 billion in 2023
Increasing Digital payment technology, Growing interest in non-cash transactions.
Data Security Concerns, Awareness among people and High maintenance cost.
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 Impact of the Ukraine- Russia war
4.2 Impact of ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Retail Point-Of-Sale Terminals Market Segmentation, By Product
8.1 Fixed
8.2 Mobile
9. Retail Point-Of-Sale Terminals Market Segmentation, By Component
9.1 Hardware
9.2 Software
9.3 Services
10. Retail Point-Of-Sale Terminals Market Segmentation, By End User
10.1 Supermarkets/Hypermarkets
10.2 Grocery Stores
10.3 Specialty Stores
10.4 Convenience Stores
10.5 Gas Stations
10.6 Discount Stores
10.7 Other End Users
10.8 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Retail Point-Of-Sale Terminals Market by Country
11.2.2North America Retail Point-Of-Sale Terminals Market by Product
11.2.3 North America Retail Point-Of-Sale Terminals Market by Component
11.2.4 North America Retail Point-Of-Sale Terminals Market by End User
11.2.5 USA
11.2.5.1 USA Retail Point-Of-Sale Terminals Market by Product
11.2.5.2 USA Retail Point-Of-Sale Terminals Market by Component
11.2.5.3 USA Retail Point-Of-Sale Terminals Market by End User
11.2.6 Canada
11.2.6.1 Canada Retail Point-Of-Sale Terminals Market by Product
11.2.6.2 Canada Retail Point-Of-Sale Terminals Market by Component
11.2.6.3 Canada Retail Point-Of-Sale Terminals Market by End User
11.2.7 Mexico
11.2.7.1 Mexico Retail Point-Of-Sale Terminals Market by Product
11.2.7.2 Mexico Retail Point-Of-Sale Terminals Market by Component
11.2.7.3 Mexico Retail Point-Of-Sale Terminals Market by End User
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Retail Point-Of-Sale Terminals Market by Country
11.3.1.2 Eastern Europe Retail Point-Of-Sale Terminals Market by Product
11.3.1.3 Eastern Europe Retail Point-Of-Sale Terminals Market by Component
11.3.1.4 Eastern Europe Retail Point-Of-Sale Terminals Market by End User
11.3.1.5 Poland
11.3.1.5.1 Poland Retail Point-Of-Sale Terminals Market by Product
11.3.1.5.2 Poland Retail Point-Of-Sale Terminals Market by Component
11.3.1.5.3 Poland Retail Point-Of-Sale Terminals Market by End User
11.3.1.6 Romania
11.3.1.6.1 Romania Retail Point-Of-Sale Terminals Market by Product
11.3.1.6.2 Romania Retail Point-Of-Sale Terminals Market by Component
11.3.1.6.4 Romania Retail Point-Of-Sale Terminals Market by End User
11.3.1.7 Turkey
11.3.1.7.1 Turkey Retail Point-Of-Sale Terminals Market by Product
11.3.1.7.2 Turkey Retail Point-Of-Sale Terminals Market by Component
11.3.1.7.3 Turkey Retail Point-Of-Sale Terminals Market by End User
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Retail Point-Of-Sale Terminals Market by Product
11.3.1.8.2 Rest of Eastern Europe Retail Point-Of-Sale Terminals Market by Component
11.3.1.8.3 Rest of Eastern Europe Retail Point-Of-Sale Terminals Market by End User
11.3.2 Western Europe
11.3.2.1 Western Europe Retail Point-Of-Sale Terminals Market by Product
11.3.2.2 Western Europe Retail Point-Of-Sale Terminals Market by Component
11.3.2.3 Western Europe Retail Point-Of-Sale Terminals Market by End User
11.3.2.4 Germany
11.3.2.4.1 Germany Retail Point-Of-Sale Terminals Market by Product
11.3.2.4.2 Germany Retail Point-Of-Sale Terminals Market by Component
11.3.2.4.3 Germany Retail Point-Of-Sale Terminals Market by End User
11.3.2.5 France
11.3.2.5.1 France Retail Point-Of-Sale Terminals Market by Product
11.3.2.5.2 France Retail Point-Of-Sale Terminals Market by Component
11.3.2.5.3 France Retail Point-Of-Sale Terminals Market by End User
11.3.2.6 UK
11.3.2.6.1 UK Retail Point-Of-Sale Terminals Market by Product
11.3.2.6.2 UK Retail Point-Of-Sale Terminals Market by Component
11.3.2.6.3 UK Retail Point-Of-Sale Terminals Market by End User
11.3.2.7 Italy
11.3.2.7.1 Italy Retail Point-Of-Sale Terminals Market by Product
11.3.2.7.2 Italy Retail Point-Of-Sale Terminals Market by Component
11.3.2.7.3 Italy Retail Point-Of-Sale Terminals Market by End User
11.3.2.8 Spain
11.3.2.8.1 Spain Retail Point-Of-Sale Terminals Market by Product
11.3.2.8.2 Spain Retail Point-Of-Sale Terminals Market by Component
11.3.2.8.3 Spain Retail Point-Of-Sale Terminals Market by End User
11.3.2.9 Netherlands
11.3.2.9.1 Netherlands Retail Point-Of-Sale Terminals Market by Product
11.3.2.9.2 Netherlands Retail Point-Of-Sale Terminals Market by Component
11.3.2.9.3 Netherlands Retail Point-Of-Sale Terminals Market by End User
11.3.2.10 Switzerland
11.3.2.10.1 Switzerland Retail Point-Of-Sale Terminals Market by Product
11.3.2.10.2 Switzerland Retail Point-Of-Sale Terminals Market by Component
11.3.2.10.3 Switzerland Retail Point-Of-Sale Terminals Market by End User
11.3.2.11.1 Austria
11.3.2.11.2 Austria Retail Point-Of-Sale Terminals Market by Product
11.3.2.11.3 Austria Retail Point-Of-Sale Terminals Market by Component
11.3.2.11.4 Austria Retail Point-Of-Sale Terminals Market by End User
11.3.2.12 Rest of Western Europe
11.3.2.12.1 Rest of Western Europe Retail Point-Of-Sale Terminals Market by Product
11.3.2.12.2 Rest of Western Europe Retail Point-Of-Sale Terminals Market by Component
11.3.2.12.3 Rest of Western Europe Retail Point-Of-Sale Terminals Market by End User
11.4 Asia-Pacific
11.4.1 Asia-Pacific Retail Point-Of-Sale Terminals Market by Country
11.4.2 Asia-Pacific Retail Point-Of-Sale Terminals Market by Product
11.4.3 Asia-Pacific Retail Point-Of-Sale Terminals Market by Component
11.4.4 Asia-Pacific Retail Point-Of-Sale Terminals Market by End User
11.4.5 China
11.4.5.1 China Retail Point-Of-Sale Terminals Market by Product
11.4.5.2 China Retail Point-Of-Sale Terminals Market by End User
11.4.5.3 China Retail Point-Of-Sale Terminals Market by Component
11.4.6 India
11.4.6.1 India Retail Point-Of-Sale Terminals Market by Product
11.4.6.2 India Retail Point-Of-Sale Terminals Market by Component
11.4.6.3 India Retail Point-Of-Sale Terminals Market by End User
11.4.7 Japan
11.4.7.1 Japan Retail Point-Of-Sale Terminals Market by Product
11.4.7.2 Japan Retail Point-Of-Sale Terminals Market by Component
11.4.7.3 Japan Retail Point-Of-Sale Terminals Market by End User
11.4.8 South Korea
11.4.8.1 South Korea Retail Point-Of-Sale Terminals Market by Product
11.4.8.2 South Korea Retail Point-Of-Sale Terminals Market by Component
11.4.8.3 South Korea Retail Point-Of-Sale Terminals Market by End User
11.4.9 Vietnam
11.4.9.1 Vietnam Retail Point-Of-Sale Terminals Market by Product
11.4.9.2 Vietnam Retail Point-Of-Sale Terminals Market by Component
11.4.9.3 Vietnam Retail Point-Of-Sale Terminals Market by End User
11.4.10 Singapore
11.4.10.1 Singapore Retail Point-Of-Sale Terminals Market by Product
11.4.10.2 Singapore Retail Point-Of-Sale Terminals Market by Component
11.4.10.3 Singapore Retail Point-Of-Sale Terminals Market by End User
11.4.11 Australia
11.4.11.1 Australia Retail Point-Of-Sale Terminals Market by Product
11.4.11.2 Australia Retail Point-Of-Sale Terminals Market by Component
11.4.11.3 Australia Retail Point-Of-Sale Terminals Market by End User
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Retail Point-Of-Sale Terminals Market by Product
11.4.12.2 Rest of Asia-Pacific Retail Point-Of-Sale Terminals Market by Component
11.4.12.3 Rest of Asia-Pacific Retail Point-Of-Sale Terminals Market by End User
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Retail Point-Of-Sale Terminals Market by Country
11.5.1.2 Middle East Retail Point-Of-Sale Terminals Market by Product
11.5.1.3 Middle East Retail Point-Of-Sale Terminals Market by Component
11.5.1.4 Middle East Retail Point-Of-Sale Terminals Market by End User
11.5.1.5 UAE
11.5.1.5.1 UAE Retail Point-Of-Sale Terminals Market by Product
11.5.1.5.2 UAE Retail Point-Of-Sale Terminals Market by Component
11.5.1.5.3 UAE Retail Point-Of-Sale Terminals Market by End User
11.5.1.6 Egypt
11.5.1.6.1 Egypt Retail Point-Of-Sale Terminals Market by Product
11.5.1.6.2 Egypt Retail Point-Of-Sale Terminals Market by Component
11.5.1.6.3 Egypt Retail Point-Of-Sale Terminals Market by End User
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Retail Point-Of-Sale Terminals Market by Product
11.5.1.7.2 Saudi Arabia Retail Point-Of-Sale Terminals Market by Component
11.5.1.7.3 Saudi Arabia Retail Point-Of-Sale Terminals Market by End User
11.5.1.8 Qatar
11.5.1.8.1 Qatar Retail Point-Of-Sale Terminals Market by Product
11.5.1.8.2 Qatar Retail Point-Of-Sale Terminals Market by Component
11.5.1.8.3 Qatar Retail Point-Of-Sale Terminals Market by End User
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Retail Point-Of-Sale Terminals Market by Product
11.5.1.9.2 Rest of Middle East Retail Point-Of-Sale Terminals Market by Component
11.5.1.9.3 Rest of Middle East Retail Point-Of-Sale Terminals Market by End User
11.5.2 Africa
11.5.2.1 Africa Transfusion Diagnostics Market by Country
11.5.2.2 Africa Retail Point-Of-Sale Terminals Market by Product
11.5.2.3 Africa Retail Point-Of-Sale Terminals Market by Component
11.5.2.4 Africa Retail Point-Of-Sale Terminals Market by End User
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Retail Point-Of-Sale Terminals Market by Product
11.5.2.5.2 Nigeria Retail Point-Of-Sale Terminals Market by Component
11.5.2.5.3 Nigeria Retail Point-Of-Sale Terminals Market by End User
11.5.2.6 South Africa
11.5.2.6.1 South Africa Retail Point-Of-Sale Terminals Market by Product
11.5.2.6.2 South Africa Retail Point-Of-Sale Terminals Market by Component
11.5.2.6.3 South Africa Retail Point-Of-Sale Terminals Market by End User
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Retail Point-Of-Sale Terminals Market by Product
11.5.2.7.2 Rest of Africa Retail Point-Of-Sale Terminals Market by Component
11.5.2.7.3 Rest of Africa Retail Point-Of-Sale Terminals Market by End User
11.6 Latin America
11.6.1 Latin America Retail Point-Of-Sale Terminals Market by Country
11.6.2 Latin America Retail Point-Of-Sale Terminals Market by Product
11.6.3 Latin America Retail Point-Of-Sale Terminals Market by Component
11.6.4 Latin America Retail Point-Of-Sale Terminals Market by End User
11.6.5 Brazil
11.6.5.1 Brazil Retail Point-Of-Sale Terminals Market by Product
11.6.5.2 Brazil Retail Point-Of-Sale Terminals Market by Component
11.6.5.3 Brazil Retail Point-Of-Sale Terminals Market by End User
11.6.6 Argentina
11.6.6.1 Argentina Retail Point-Of-Sale Terminals Market by Product
11.6.6.2 Argentina Retail Point-Of-Sale Terminals Market by Component
11.6.6.3 Argentina Retail Point-Of-Sale Terminals Market by End User
11.6.7 Colombia
11.6.7.1 Colombia Retail Point-Of-Sale Terminals Market by Product
11.6.7.2 Colombia Retail Point-Of-Sale Terminals Market by Component
11.6.7.3 Colombia Retail Point-Of-Sale Terminals Market by End User
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Retail Point-Of-Sale Terminals Market by Product
11.6.8.2 Rest of Latin America Retail Point-Of-Sale Terminals Market by Component
11.6.8.3 Rest of Latin America Retail Point-Of-Sale Terminals Market by End User
12 Company profile
12.1 Acrelec
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 AURES Group
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 HM Electronics
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Hewlett Packard Development LP
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Product/Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 NCR Corp.
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Oracle
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Presto Group
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Quail Digital
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Product/Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Revel Systems
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Toast, Inc.
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
12.11 Toshiba Corp.
12.11.1 Company Overview
12.11.2 Financials
12.11.3 Product/Services Offered
12.11.4 SWOT Analysis
12.11.5 The SNS View
12.12 TouchBistro
12.12.1 Company Overview
12.12.2 Financials
12.12.3 Product/Services Offered
12.12.4 SWOT Analysis
12.12.5 The SNS View
12.13 Xenial, Inc.
12.13.1 Company Overview
12.13.2 Financials
12.13.3 Product/Services Offered
12.13.4 SWOT Analysis
12.13.5 The SNS View
13. Competitive Landscape
13.1 Competitive Bench marking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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The Fiber Optic Components Market Size was valued at USD 24.70 billion in 2022 and is expected to reach USD 49.57 billion by 2030, growing at a CAGR of 9.1% over the forecast period 2023-2030.
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