POS Terminal Market By Product type (Fixed and Mobile), By Components (Hardware, Software, and Services), By Deployments (Cloud and On-premise), By Services (Managed Services, Repair and Maintenance Services, and Professional Services), By Applications (Restaurants, Hospitality, Healthcare, Retail, Warehouse, Entertainment, and Others) and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Trends, Analysis and Forecast till 2034

A POS terminal is a machine installed in a merchant establishment that enables merchants to accept payments through payment cards (credit cards, debit cards, gift cards, etc. A retail POS terminal typically reads the information on the customer's credit or debit card, checks whether the customer's bank account has sufficient funds, transfers the funds from the customer's account to the merchant's account (or at least, the account to the credit card network for the transfer), and records the transaction and prints a receipt. Growing demand for contactless payments coupled with proliferation of near field communication (NFC) devices in various industrial ecosystems are the major factors driving the growth of the POS terminal market. Increasing technological investments such as secure payment solutions as well as end-to-end encryption to facilitate customer convenience are the major factors driving the growth of the POS terminal market in the near future. POS terminal market size accounted for US$ 36.1 billion in 2024 and is estimated to be US$ 110.5 billion by 2034 and is anticipated to register a CAGR of 11.8%.

                                                Increase in demand in mobile POS

Point-Of-Sale terminal market rise in demand in mobile point-of-sale refers to certain wireless devices such as tablets and smartphones that are capable of functioning as electronic point-of-sale terminals or cash registers. The software and hardware of POS systems have been developed and improved to ensure secure transactions and portability, to protect payment gateways, POS providers have increased their spending in end-to-end encryption technology, which will help build consumer confidence and increase product demand Furthermore, low-cost cloud-based POS systems that enable automatic regular software updates help specialists save money on future upgrades. Such developments are expected to boost the POS Terminal market. POS systems handle sensitive information and are often vulnerable to security breaches. Each POS system must be connected to an external network. This type of network connection is depends on the retailer. Small businesses connect their POS systems through cellular data connections, while large businesses connect their systems with the help of their internal networks. POS Terminal systems can be managed remotely through this internal network. This can lead to theft/loss of important information like credit card numbers.

Technological advancement

A point-of-sale (POS) terminal is a device that allows businesses to conduct online money transactions at the customer's location, facilitating both parties. Fast and secure acceptance of debit and credit payments from any location will be possible with a wireless POS Terminal. Additionally, due to their portability, such systems are ideal for restaurants and bars with limited seating. Furthermore, it uses 3G technology to enable restaurants, retailers and taxi/car drivers to make payments while on the go. Advanced point-of-sale technology competes with older point-of-sale systems such as PC cash drawers and cash registers. Retailers are looking for ways to update legacy checkout systems to enhance customer service and operational efficiency. Advanced POS systems offer higher reliability and durability compared to traditional systems like cash registers. The high reliability of modern POS systems has significantly reduced TCO, which has increased the demand for POS solutions from small and medium-sized businesses. Increasing demand for advanced payment technologies in the country has led to greater adoption of contactless payment solutions and Near Field Communication (NFC).

 

Source: Prophecy Market Insights

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

The POS Terminal market has been segmented on the basis of product type, components, deployments, services, applications, and region.

On the basis of product type the target market has been segmented into fixed and mobile. On the basis of components the target market has been segmented into hardware, software, and services. On the basis of deployments the target market has been segmented into cloud and on-premise. On the basis of services the target market has been segmented into managed services, repair and maintenance services, and professional services. On the basis of applications the target market has been segmented into restaurants, hospitality, healthcare, retail, warehouse, entertainment, and others.

Regional Insights:

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

On region the POS Terminal market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is the leading region in adopting the technology, which is also influencing the growth of the POS terminals market. Asia Pacific is expected to account major market share as compared to that of other regions and is expected to dominate the market over the forecast period.

Report Scope:

Attribute	Details
Base year for estimation	2023
Forecast period	2024 – 2034
Market representation	Revenue in USD Billion & CAGR from 2024 to 2034
Market Segmentation	By Product type- Fixed and Mobile By Components - Hardware, Software and Services By Deployments  -  Cloud and On-premise By Services - Managed Services, Repair and Maintenance Services, and Professional Services By Applications - Restaurants, Hospitality, Healthcare, Retail, Warehouse, Entertainment, and Others
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the POS Terminal market report based on Product, Components, Deployments, Services, Application and Region:

POS Terminal Market, By Product:

• Fixed
• Mobile

POS Terminal Market, By Components:

•  Hardware
• Software
• Services

POS Terminal Market, By Deployments:

• Cloud
• On-premise

POS Terminal Market, By Services:

• Managed Services
• Repair and Maintenance Services
•  Professional Services

POS Terminal Market, By Applications:

• Restaurants
•  Hospitality
• Healthcare,
• Retail
• Warehouse
• Entertainment
•  Others

POS Terminal Market, By Region:

• North America
  • Canada
  • U.S.
• Europe
  • Rest of Europe
  • Italy
  • Russia
  • France
  • UK
  • Germany
• Asia Pacific
  • Rest of Asia Pacific
  • South Korea
  • Japan
  • India
  • China
• Latin America
  • Rest of Latin America
  • Mexico
  • Brazil
• Middle East & Africa
  • Rest of Middle East & Africa
  • South Africa
  • Israel
  • GCC

The key players operating the POS Terminal market includes NCR Corporation, Samsung Electronics Co. Ltd., Panasonic Corporation, Toshiba Corporation, Hewlett-Packard Company, Cisco Systems Inc., MICROS Systems Inc., VeriFone Systems Inc., NEC Corporation, PAX Technology Limited, and Ingenico S.A. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market.

In August 2022, Bank of New Zealand taps NCR for ATM-as-a-Service solution, NCR will now own and operate the bank's off-site cash machines and operate BNZ's on-premise fleet of NCR SelfServ ATMs, leveraging its digital-first tech platform to provide 24/7 self-service banking for BNZ customers.

• NCR Corporation*
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Samsung Electronics Co. Ltd.
• Panasonic Corporation
•  Toshiba Corporation
•  Hewlett-Packard Company
• Cisco Systems Inc.
• MICROS Systems Inc.
• VeriFone Systems Inc.
• NEC Corporation
• PAX Technology Limited
• Ingenico S.A.

 “*” marked represents similar segmentation in other categories in the respective section

1. Research Objective and Assumption
   • Preface
   • Research Objectives
   • Study Scope
   • Years Considered for the study
   • Assumptions
   • Abbreviations
2. Research Methodology
   • Research data
   • Primary Data
     • Primary Interviews
     • Primary Breakdown
     • Key data from Primary Sources
     • Key Thickness Insights
   • Secondary Data
     • Major Secondary Sources
     • Secondary Sources
   • Market Estimation
   • Top-Down Approach
     • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
   • Bottom-Up Approach
     • Approach for estimating market share by Bottom-up Analysis (Demand Side)
   • Market Breakdown and Data Triangulation
   • Research Assumptions
   • PORTER’s
   • Investment Outlook
3. Market Purview
   • Executive Summary
   • Key Findings—Global Outlook for POS Terminal Strategies
     • Key Questions this Study will Answer
     • • By Product type (Fixed and Mobile),
       • By Components (Hardware, Software, and Services),
       • By Deployments (Cloud and On-premise),
       • By Services (Managed Services, Repair and Maintenance Services, and Professional Services),
       • By Applications (Restaurants, Hospitality, Healthcare, Retail, Warehouse, Entertainment, and Others)
       • By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
   • Opportunity Map Analysis
   • Executive Summary—3 Big Predictions
4. Market Dynamics, Regulations, and Trends Analysis
   • Market Dynamics
     • Drivers
     • Restraints
     • Market Opportunities
     • Market Trends
   • DR Impact Analysis
   • PEST Analysis
   • Porter’s Five Forces Analysis
   • Opportunity Orbit
   • Overview
   • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2024 – 2034
   • Y-o-Y Growth Analysis (%), 2024 – 2034
   • Regional Trends
   • Market Investment Feasibility Index
   • Macroeconomic Factor Analysis
5. Regional Analysis
   • Regional Revenue Analysis
   • Regional By segment Analysis
   • Reasons for regional growth
   • Key Player of particular region
   • Countries Include in the report:

1. • • North America (U.S., Canada)
     • Europe (UK, France, Germany, Russia, Italy, Rest of Europe)
     • Asia Pacific (India, Japan, South Korea, China, Rest of Asia Pacific)
     • Latin America (Brazil, Mexico, Rest of Latin America)
     • Middle East & Africa (GCC, Israel, South Africa, Rest of Middle East)

1. Competitive Landscape
   • Heat Map Analysis
   • Market Presence and Specificity Analysis
   • Competitive Overview
   • Competitive Benchmarking
   • Market Share Analysis
   • Key Developments In The POS Terminal Market
   • Key Developments: Mergers & Acquisitions
   • Key Developments: Collaboration
   • Key Developments: Contracts & Agreements
   • Key Developments: Expansion
   • Key Developments: Product Developments
2. Company Profiles

• Company Overview
• Product Portfolio
• Key Highlights
• Financial Performance
• Business Strategies
• SWOT Analysis

• NCR Corporation, Samsung Electronics Co. Ltd., Panasonic Corporation, Toshiba Corporation, Hewlett-Packard Company, Cisco Systems Inc., MICROS Systems Inc., VeriFone Systems Inc., NEC Corporation, PAX Technology Limited, and Ingenico S.A.

1. The Last Word
   • Future Impact
   • About Us
   • Contact