Global POS Terminal Market Overview:
The Point-of-Sale (POS) terminal market has become an indispensable part of the global retail and hospitality sectors, transforming the way companies complete transactions and operate. POS terminals are computerized machines that enable payment transactions by scanning debit or credit cards, capturing sales information, and printing receipts. As digital payment options grew more popular and the world went cashless, the need for sophisticated POS systems increased. Today's POS terminals incorporate features like inventory management, CRM, and data analytics to make the operations of business easier while delivering improved customer experiences. Technological innovations like cloud-based POS systems, contactless payment options, and mobile POS devices drive the market with flexibility and scalability for small firms as well as big companies. Moreover, increased usage of e-commerce and omni-channel retailing practices has also driven the demand for secure and effective POS solutions. Since companies are focusing on speed, security, and convenience for customers, the POS terminal market will continue to grow, with ample opportunities to grow in emerging economies and among small and medium-sized enterprises switching to digital platforms. and may see market size of USD119.6 Million by 2032.
Attributes | Details |
---|
Study Period | 2020-2032 |
Base Year | 2024 |
Forecast Period | 2022-2032 |
Historical Period | 2020-2024 |
Unit | Value (USD Million) |
High Growth Market | Asia Pacific |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Cloud-based POS Systems and Contactless Payments
Market Growth Drivers:
Chnological Advancements and Demand for Mobility
Challenges:
Regulatory Compliance and Connectivity Issues
Restraints:
High Initial Costs and Security Concerns
Opportunities:
Integration with Fintech and Smart POS Terminals
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Ingenico (Worldline), Verifone Systems, Square (Block Inc.), Clover Network (Fiserv), PAX Technology, NCR Corporation, Diebold Nixdorf, Toast Inc., Lightspeed Commerce, Revel Systems, Oracle (Micros POS), Shopify POS, SumUp, PayPal Zettle and Elo Touch Solutions. Considering Market by Deployment Mode, the sub-segment i.e. On-premise will boost the POS Terminal market. Considering Market by Product Type, the sub-segment i.e. Fixed POS Terminals will boost the POS Terminal market. Considering Market by Industry Vertical, the sub-segment i.e. Retail will boost the POS Terminal market. Considering Market by Component, the sub-segment i.e. Hardware will boost the POS Terminal market.
Latest Market Insights:
What Can be Explored with the POS Terminal Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global POS Terminal Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in POS Terminal
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global POS Terminal market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in POS Terminal market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Retail Businesses, Hotels & Hospitality Providers, E-commerce Businesses, Healthcare Providers, Entertainment & Leisure Venues, Transportation & Logistics Companies, Banks & Financial Institutions, Large Enterprises, Government & Public Sector and Educational Institutions.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.