Point-of-Sale Terminals Market: Future Demand and Top Key Players Analysis | 2029
Whether you're expanding or optimizing within the point-of-sale terminals industry, this report offers the clarity and context needed for confident decision-making.
How Much Is The Point-of-Sale Terminals Market Worth?
The point-of-sale terminals market size has grown strongly in recent years. It will grow from $99.99 billion in 2024 to $106.18 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to digital payment adoption, regulatory compliance, mobile and wireless connectivity, consumer preferences and convenience, small business integration, expansion into various industries.
The point-of-sale terminals market size is expected to see rapid growth in the next few years. It will grow to $165.56 billion in 2029 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to rapid digital transformation, contactless payment adoption, mobile pos solutions, e-commerce integration. Major trends in the forecast period include contactless payment solutions, omnichannel integration, mobile pos (MPOS) systems, enhanced security measures, cloud-based pos solutions, technological advancements.
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What Are The Current Leading Growth Drivers For Point-of-Sale Terminals Market?
The increasing demand for contactless and cashless payments is expected to propel the growth of the point-of-sale terminal market going forward. Cashless and contactless payments refer to a payment method that does not involve cash for payment, which is a type of computerized replacement for a cash register. Point of sale terminals accept payments through cards and make cashless purchases possible. For instance, in June 2022, according to India Brand Equity Foundation, an Indian government export promotion agency, contactless transactions accounted for 25% in the year 2020, of all supermarket transactions, which increased to 31% by 2022. Therefore, increasing demand for contactless and cashless payments is driving the point-of-sale terminal market growth.
Which Segment Accounted For The Largest Point-of-Sale Terminals Market Share?
The point-of-sale terminalsmarket 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
What Are The Upcoming Trends Of Point-of-Sale Terminals Market In The Globe?
Major companies in the point-of-sale terminals market are innovating advanced products such as Android point-of-sale (PoS) terminals, to enhance transaction efficiency and user experience. Android point-of-sale (PoS) terminals are electronic devices that run on the Android operating system and are used by businesses to process sales transactions. For instance, in August 2023, BharatPe, an India-based fintech company launched BharatPeSwipe Android. BharatPeSwipe Android is an android point-of-sale (PoS) terminal designed to facilitate a wide range of payment methods, including debit/credit cards, UPI, mobile wallets, and QR codes. The terminal operates on Android 10, providing a user-friendly interface. The device is equipped with a long-lasting battery that supports fast charging. Merchants can accept payments through dynamic QR codes generated on the machine and can also print physical receipts for these transactions.
Which Are The Top Companies To Hold The Market Share In 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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Which Region Is Projected To Account For The Largest Share Of The Point-of-Sale Terminals Market?
Asia-Pacific was the largest region in the point-of-sale terminals market in http://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
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