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 – Trends, Analysis and Forecast till 2034

The market for point-of-sale (POS) terminals was valued at US$ 36.1 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 11.8% to reach US$ 110.5 billion by 2034.

A point-of-sale (POS) terminal is a device that is installed in a business to allow merchants to take payments using credit, debit, gift, and other payment cards. When a customer uses a retail point of sale (POS) terminal, the information on their credit or debit card is usually read, the customer's bank account is checked for sufficient funds, the funds are transferred from the customer's account to the merchant's account (or, at the very least, the account to the credit card network for the transfer), the transaction is recorded, and a receipt is printed. The main factors propelling the growth of the point-of-sale (POS) terminal market are the near-field communication (NFC) device proliferation in various industrial ecosystems and the growing demand for contactless payments. Growing investments in technology, such as safe payment methods and end-to-end, are the main factors propelling the POS terminal market's growth, which are encryption and customer convenience.