POS Terminal Market in Brief

  • The POS terminal market is expected to register a CAGR of 12.8% between 2019 and 2027. The market is projected to be driven by Rise in Demand for Mobile POS Terminals.
  • The global POS terminal market is expected to reach US$ 37.0 Bn by 2027 from US$ 14.2 Bn in 2019. Rising number of volume of transaction across the globe is expected to boost the growth of the market.
  • The POS terminal market in Asia Pacific and Middle East & Africa is anticipated to expand at a rapid pace during the forecast period, followed by South America.
  • North America remains the dominant leader in the global POS terminal market in year 2019 primarily due to tremendous growth in adoption of POS terminal by SMEs.
  • North America is projected to see significant growth in the global POS terminal market during the forecast period. Strong network infrastructure and increasing adoption of digital services is expected to drive the consistent growth of the North America POS terminal market.

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POS Terminal Market Definition

  • The POS terminal market report provides analysis of the global POS terminal market for the period 2017 – 2027, wherein 2018 is the base year and 2019 to 2027 is the forecast period. Data for 2017 has been included as historical information.
  • The report studies the POS terminal market from the perspective of different component and industry vertical.

Global POS Terminal Market– Snapshot

Asia Pacific is expected to see highest opportunity addition in the POS terminal market globally, with Europe being the next closest region.

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Key Growth Drivers of the POS Terminal Market

  • Rise in Demand for Mobile POS Terminals - Mobile point of sale (mPOS) refers to specialized wireless devices such as tablets and smartphones that are capable of functioning as an electronic point-of-sale terminal or cash register. The implementation of mPOS allows the sales and service industries to conduct financial transactions at any place, owing to mobility, improved customer experience, and saving of space. Furthermore, according to custom research by HP company, till 2018, 3% of enterprise merchants have fully deployed an mPOS solution, and 86% of companies are either currently in the process of implementing or are planning to implement mPOS in the next two years. Thus, the anticipated demand for mPOS is expected to drive the POS terminals market during the forecast period.
  • Enhanced Customer Experience and Low Total Cost of Ownership (TCO) as Compared to Conventional Channels of Payment - Advanced POS technology competes with older point-of-sale systems such as PC cash drawers (PCCD) and cash registers. Retailers are seeking ways to update the legacy checkout systems in order to enhance customer service and operational efficiency. Retailers have realized that even a small cost reduction could lead to significant improvements in the bottom-line of their businesses. The advent of advanced payment technologies such as NFC and Europay, Master Card, and Visa (EMV) and an increase in the adoption of payment options such as debit and credit cards have played a role in boosting demand for POS terminals. Furthermore, many of the terminals currently installed do not have the capacity to be upgraded and will require replacement, which is likely to boost the market.

Key Challenges Faced by POS Terminal Market Players

According to a recent study (2018) by the Electronic Transaction Association, better data security is the number one priority for customers. POS systems handle critical information, and they are often exPOSed to the risk of security breaches. Every POS system needs to connect with an external network. The type of network connection depends on the store or retailer. While small businesses connect their POS systems via cellular data connections, larger businesses connect their systems with the help of their internal network. POS terminal systems can be managed remotely via these internal networks. This may result in theft/loss of important information such as credit card numbers. Although adopting mobile POS terminal solutions has significant advantages, there are various regulatory, operational, and technical challenges. For instance, reliability of services is hampered, owing to poor network connectivity.

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POS Terminal Market - Company Profile Snapshot

The research study includes profiles of leading companies operating in the global POS terminal market. Key players profiled in the report include

  • Cisco Systems, Inc.
  • Emerge Mobile (Pty) Ltd.
  • Equinox Payments, LLC
  • Ingenico S.A.
  • iVeri Payment Technologies (Pty) Ltd
  • Micros Systems, Inc
  •  Miura Systems Ltd.
  • NCR Corporation
  • Panasonic Corporation
  • Samsung Electronics Co., Ltd
  • Toshiba Corporation
  • Vectron Systems SA
  • Yoco Technologies (Pty) Ltd

Companies are shifting toward advanced technology to gain competitive advantage in the POS terminal market apart from maintaining their position in the market.

Global POS Terminal Market

A new study on the global POS terminal market was published by Transparency Market Research (TMR). It presents a wealth of information on the key market dynamics including the drivers, market trends, and challenges, as well as the structure of the POS terminal market. TMR’s study offers valuable information about the POS terminal market, to illustrate how growth will discern during the forecast period 2019–2027.

Key indicators of market growth, which include value chain as well as supply chain analysis, and Compound Annual Growth Rate (CAGR), are elucidated in TMR’s study in a comprehensive manner. This data can help readers interpret the quantitative growth aspects of the POS terminal market during the forecast period.

An extensive analysis on leading market players’ business strategies is featured in TMR’s study on the POS terminal market. This can help readers understand principal factors to foresee growth in the POS terminal market. In this study, readers can also find specific data on the qualitative and quantitative growth avenues for the POS terminal market, which will guide market players in making apt decisions in the future.

Key Questions Answered in TMR’s POS Terminal Market Study

  • What is the scope of growth of POS terminal companies across the globe?
  • What will be the Y-o-Y growth of the POS terminal market between 2019 and 2027?
  • What is the influence of the changing trends in technologies on the POS terminal market?
  • Will North America continue to dominate the market for POS terminal?
  • Which factors will impede the growth of the POS terminal market during the forecast period?
  • Which are the leading companies in the global POS terminal market?

Research Methodology

A unique research methodology is utilized by TMR to conduct comprehensive research on the growth of the POS terminal market, and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.

Secondary resources referred to by analysts during the production of the POS terminal market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of TMR’s study on the POS terminal market, as a primary resource.

These primary and secondary resources provided exclusive information during the interviews, which serves as a validation from POS terminal industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the POS terminal market with accuracy. The study also uses a top-down approach to assess the numbers for each segment, and a bottom-up approach to counter-validate them. This has helped in making TMR’s estimates on the future prospects of the POS terminal market more reliable and accurate.

The global POS terminals market is categorized into the following segments:

by Product Type

  • Fixed POS Terminals
  • Wireless and Mobile POS Terminals

by Component

  • Hardware
  • Software

by Application

  • Restaurant
  • Hospitality
  • Healthcare
  • Retail
  • Warehouse / Distribution
  • Entertainment
  • Others (Field Service, Government, Transportation, etc)

by Geography

  • North America
  • Europe
  • Asia Pacific
  • MEA
  • South America

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Point Of Sale Terminals Market

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