The POS Terminals Market Size was valued at USD 107.4 billion in 2023 and is expected to reach USD 212.9 billion by 2032 and grow at a CAGR of 7.90% over the forecast period 2024-2032.
The POS terminals market is experiencing rapid growth due to the increasing adoption of digital payment systems and the rise of cashless transactions across various industries. POS (Point of Sale) terminals enable businesses to process payments efficiently and securely, making them an essential tool for retail stores, restaurants, and service-based industries. The shift toward contactless payments, mobile wallets, and e-commerce integration has further accelerated the demand for advanced POS terminals that offer seamless transaction processing and enhanced customer experiences. With the growing trend of omnichannel retailing, businesses are increasingly adopting cloud-based POS systems that offer greater flexibility, real-time data analytics, and inventory management.
Moreover, the expansion of the POS terminals market is being driven by advancements in hardware and software, including the integration of AI, IoT, and biometric authentication. These technologies improve security, reduce transaction times, and provide businesses with valuable insights into consumer behavior. As small and medium-sized enterprises (SMEs) adopt digital payment solutions to meet evolving customer preferences, the demand for affordable and user-friendly POS terminals is also rising. The market is expected to witness continuous growth as digital payments become more widespread, and businesses seek to enhance operational efficiency and customer satisfaction.
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Competitive Outlook :
- Acumera, Inc. (Secure network solutions for POS systems)
- Acrelec (Interactive kiosks and self-service terminals)
- AURES Group (POS terminals, digital signage, and mobile POS solutions)
- HM Electronics (Wireless communication systems and accessories for POS)
- Hewlett Packard Development LP (POS hardware including receipt printers and cash drawers)
- NCR Corporation (Retail POS systems, self-service kiosks, and ATMs)
- Oracle Corporation (POS software solutions, integrated hardware and software systems)
- Payabl (Payment processing solutions integrated with POS systems)
- POSaBIT Systems Corporation (POS systems for the cannabis industry)
- Presto Group (Restaurant POS solutions, self-service kiosks)
- Qu, Inc. (Cloud-based POS solutions and payment processing)
- Quail Digital (Wireless communication solutions for retail and hospitality)
- Revel Systems (iPad-based POS systems for retail and restaurants)
- Toast, Inc. (Restaurant POS systems and management software)
- Toshiba Corp. (Retail POS hardware and software, including self-checkout systems)
- TouchBistro (Restaurant POS systems and management tools)
- Xenial, Inc. (POS systems, self-service kiosks, and payment solutions)
- Diebold Nixdorf (Retail and banking POS systems, self-service kiosks)
- Ingenico (Payment terminals, PIN pads, and integrated payment solutions)
- VeriFone Systems, Inc. (Payment Terminals, Mobile POS Solutions)
- Others (Various POS terminals, accessories, and related solutions)
Research Methodology
The report's information answers game-changing questions for businesses that are currently operating in the market and looking for innovative ways to create a unique benchmark in the industry to help them make successful strategies and target-driven decisions. The report provides in-depth information about the POS Terminals Market based on extensive research into various factors that play a key role in accelerating the market's growth potential.
Market Segmentation :
· By Product (Fixed, Mobileb)
· By Component (Hardware, Software, Services)
· By Deployment (Cloud, On-premise)
· By End-User (Restaurants(FSR, QSR, Institutional, Fast Casual), Healthcare, Entertainment, Warehouse, Retail, Hospitality)
The research includes a detailed market segmentation, as well as key data and a competitive outlook. This study assesses the POS Terminals Market based on type, application, end user, and region. The report discusses the broad market dynamics and progressive trends associated with various segments, as well as how they influence the market's growth prospects.
The report discusses the broad market dynamics and progressive trends associated with various segments, as well as how they influence the market's growth prospects. The report includes company profiles of key players who are currently dominating the market, as well as information on various developments, expansions, and winning strategies used and implemented by leading players.
The market report's research methodology is based on extensive primary and secondary research conducted by analysts. Analysts have provided enthralling observations and accurate forecasts of the POS Terminals Market based on in-depth insights of industry-related data obtained and validated by market-acceptable resources.
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