Point-of-Sale Terminals Market
How Are the key drivers contributing to the expansion of the point-of-sale terminals market?
The surge in preference for non-cash and touchless payments is projected to spur the expansion of the point-of-sale terminal market in the future. Non-cash and touchless payments indicate a payment system that eliminates cash transactions and serves as a digitized substitute for a cash register. Point of sale terminals process card payments, thus facilitating cashless shopping. For instance, in June 2022, the India Brand Equity Foundation, a government export promotion agency in India, reported that 25% of all grocery transactions in 2020 were through contactless payments, rising to 31% by 2022. Hence, the rising demand for non-cash and touchless payments is a significant factor contributing to the growth of the point-of-sale terminal market.
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What growth opportunities are expected to drive the point-of-sale terminals market’s CAGR through 2034?
The market size for point-of-sale terminals has significantly expanded in the past few years. The market valuation is projected to rise from $99.99 billion in 2024 to $107.16 billion in 2025, with a compound annual growth rate (CAGR) of 7.2%. Factors contributing to the growth during the historic period involve augmented adoption of digital payments, regulatory compliance, mobile and wireless connectivity, consumer preferences and convenience, integration into small businesses, and diversification into different sectors.
The market size for point-of-sale terminals is anticipated to experience swift expansion in the upcoming years, reaching $169.69 billion in 2029 with a compound annual growth rate (CAGR) of 12.2%. The predicted growth during the forecast period is linked to rapid digital transformation, the adoption of contactless payment, mobile point of sale solutions, and e-commerce integration. Key trends throughout this anticipated period involve contactless payment systems, omnichannel integration, mobile point of sale (MPOS) platforms, improved security protocols, cloud-based point of sale solutions, and technological progress.
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What are the emerging trends shaping the future of the point-of-sale terminals market?
Prominent companies in the point-of-sale terminal market are bundling innovation with advanced items, such as Android point-of-sale (PoS) terminals, in order to enrich transaction effectiveness and consumer fulfilment. Android PoS terminals are electronic gadgets running on Android software and are utilized by corporations to complete sales transactions. For example, BharatPe, a fintech firm from India, released the BharatPeSwipe Android in August 2023. The BharatPeSwipe Android is an Android PoS terminal created to accommodate an extensive variety of payment avenues, inclusive of debit/credit cards, UPI, phone wallets, and QR codes. Functioning on Android 10, the terminal has an approachable interface. The apparatus comes with a durable battery that enables quick charging. Traders have the capacity to acknowledge payments via dynamic QR codes established on the equipment, and also have the capability to print physical evidence of transactions.
Which growth-oriented segments of the point-of-sale terminals market are leading the industry’s development?
The point-of-sale terminals market covered in this report is segmented –
1) By Product: Mobile, Fixed
2) By Component: Hardware, Software, Service
3) By Technology: Biometric, Traditional
4) By Operating System: Windows, Linux, MAC
5) By Application : Restaurants, Hospitality, Healthcare, Retail, Warehouse, Entertainment, Other Applications
Subsegments:
1) By Mobile: Handheld POS Devices, Tablet-Based POS Systems, Smartphone-Based POS Systems
2) By Fixed: Countertop POS Terminals, Self-Service Kiosks, PIN Pad Devices
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What regions are leading the charge in the point-of-sale terminals market?
Asia-Pacific was the largest region in the point-of-sale terminals market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the point-of-sale terminals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What companies are at the forefront of innovation in the point-of-sale terminals market?
Major companies operating in the point-of-sale terminals market include Samsung Electronics Co. Ltd., NEC Corporation, Panasonic Corporation, Toshiba Corporation, VeriFone Systems Inc., Qashier PTE Ltd., Newland Payment Technology, GK Software SE, PAX Technology Limited, iMetrics Pte Ltd, Acrelec Group SAS, AURES Technologies SA, NCR Corporation, Presto Group LLC, Qu Inc., Quail Digital Limited, Revel Systems Inc., Toast Inc., TouchBistro Inc., Xenial Inc., Posist Technologies Private Limited, Ingenico Group S. A., BBPOS Limited, Honeywell International Inc.
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What Is Covered In The Point-of-Sale Terminals Global Market Report?
•Market Size Forecast: Examine the point-of-sale terminals market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the point-of-sale terminals market for a structured understanding.
•Key Players Overview: Analyze major players in the point-of-sale terminals market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the point-of-sale terminals market.
•Segment Contributions: Evaluate how different segments drive overall growth in the point-of-sale terminals market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the point-of-sale terminals market.
•Industry Challenges: Identify potential risks and obstacles affecting the point-of-sale terminals market.
•Competitive Landscape: Review strategic developments in the point-of-sale terminals market, including expansions, agreements, and new product launches.
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