Global POS Terminals Market Growth 2024-2030

According to our publisher’s latest study, the global POS Terminals market size was valued at US$ 45460 million in 2023. With growing demand in downstream market, the POS Terminals is forecast to a readjusted size of US$ 191670 million by 2030 with a CAGR of 22.8% during review period.
The research report highlights the growth potential of the global POS Terminals market. POS Terminals are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of POS Terminals. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the POS Terminals market.
The point of sale (POS) or point of purchase (POP) is the time and place where a retail transaction is completed. At the point of sale, the merchant would calculate the amount owed by the customer and indicate the amount,and may prepare an invoice for the customer (which may be a cash register printout), and indicate the options for the customer to make payment. It is also the point at which a customer makes a payment to the merchant in exchange for goods or after provision of a service. After receiving payment, the merchant may issue a receipt for the transaction, which is usually printed, but is increasingly being dispensed with or sent electronically.
POS Terminals is a computerized replacement for a cash register. The POS system can include the ability to record and track customer orders, process credit and debit cards, connect to other systems in a network, and manage inventory. Generally, a POS terminal has as its core a personal computer, which is provided with application-specific programs and I/O devices for the particular environment in which it will serve. A POS system for a restaurant, for example, is likely to have all menu items stored in a database that can be queried for information in a number of ways. POS terminals are used in most industries that have a point of sale such as a service desk, including Entertainment, Healthcare, Hospitality, and Retail.
Increasingly, POS terminals are also Web-enabled, which makes remote training, and operation possible, as well as inventory tracking across geographically-dispersed locations.
Global POS Terminals key players include Ingenico, Verifone, PAX, Newland Payment, LIANDI, etc. Global top five manufacturers hold a share over 65%.
Asia-Pacific is the largest market, with a share about 65%, followed by Europe, and North America, both have a share over 10 percent.
In terms of product, Fixed POS Terminals is the largest segment, with a share nearly 65%. And in terms of application, the largest application is Financial Institutions, followed by Third-Party Payment Institutions, etc.
Key Features:
The report on POS Terminals market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the POS Terminals market. It may include historical data, market segmentation by Type (e.g., Fixed POS Terminals, Wireless POS Terminals), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the POS Terminals market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Market Drivers:
Ease of use of POS technology: The ease of use of POS technology has been a significant driver of the global POS terminals market. The increasing adoption of mobile POS machines is expected to continue, as they offer a better user experience and are more convenient than traditional payment methods.
Growing demand for contactless payments: The growing demand for contactless payments is expected to drive the growth of the global POS terminals market. Contactless payments are becoming increasingly popular, and POS terminals that support contactless payments are in high demand.
Increasing adoption of EMV technology: The increasing adoption of EMV (Europay, Mastercard, and Visa) technology is expected to drive the growth of the global POS terminals market. EMV technology is more secure than traditional magnetic stripe technology and is becoming increasingly popular.
Growing demand for omnichannel payments: The growing demand for omnichannel payments is expected to drive the growth of the global POS terminals market. Omnichannel payments allow customers to make payments across multiple channels, including online, mobile, and in-store.
Government initiatives: Government initiatives to develop centralized payment systems and increase the adoption of digital payments are expected to drive the growth of the global POS terminals market.
Market Challenges:
Security concerns: Security concerns are a major challenge for the global POS terminals market. The increasing number of cyber-attacks and data breaches is a major concern for businesses and consumers alike.
High cost of implementation: The high cost of implementing POS terminals is a major challenge for small and medium-sized businesses. The cost of purchasing and maintaining POS terminals can be prohibitively expensive for some businesses.
Limited availability of POS terminals in some regions: The limited availability of POS terminals in some regions is a major challenge for the global POS terminals market. The lack of infrastructure and limited access to POS terminals in some regions can make it difficult for businesses to accept payments.
Competition from alternative payment methods: The competition from alternative payment methods, such as mobile wallets and cryptocurrencies, is a major challenge for the global POS terminals market. These alternative payment methods are becoming increasingly popular and are expected to continue to gain traction.
Lack of standardization: The lack of standardization in POS terminals is a major challenge for the global POS terminals market. The lack of standardization can make it difficult for businesses to integrate POS terminals with their existing systems and can also make it difficult for consumers to use POS terminals.
Competitive Landscape: The research report provides analysis of the competitive landscape within the POS Terminals market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the POS Terminals industry. This include advancements in POS Terminals technology, POS Terminals new entrants, POS Terminals new investment, and other innovations that are shaping the future of POS Terminals.
The global POS Terminals market has witnessed significant technological advancements in recent years, driven by the increasing demand for efficient and secure payment solutions. Here are some of the key technological developments in the global POS Terminals market:
Mobile POS Terminals
Mobile POS terminals have become increasingly popular, allowing businesses to accept payments on-the-go. These terminals are equipped with advanced features such as Wi-Fi connectivity, Bluetooth, and NFC, making it easier for merchants to process transactions.
Mobile POS terminals have also improved security features, such as encryption and tokenization, to protect sensitive customer data.
Cloud-Based POS Terminals
Cloud-based POS terminals have gained popularity, offering merchants the flexibility to manage their business operations remotely. These terminals allow for real-time data analysis, inventory management, and customer tracking.
Cloud-based POS terminals also provide enhanced security features, such as automatic software updates and data backup, to ensure business continuity.
Contactless Payments
Contactless payments have become a popular payment method, with many POS terminals now supporting contactless payment options such as Apple Pay, Google Pay, and Samsung Pay.
Contactless payments offer faster transaction times and reduced risk of fraud, making them an attractive option for merchants and customers alike.
Artificial Intelligence (AI) and Machine Learning (ML) Integration
AI and ML are being integrated into POS terminals to improve customer service, reduce errors, and enhance the overall shopping experience.
AI-powered POS terminals can analyze customer behavior and preferences, providing personalized recommendations and promotions to increase sales and customer loyalty.
Biometric Authentication

Biometric authentication, such as fingerprint and facial recognition, is being used to enhance security and reduce fraud in POS transactions.
Biometric authentication provides an additional layer of security, making it more difficult for unauthorized individuals to access sensitive customer data.
Internet of Things (IoT) Integration
IoT technology is being integrated into POS terminals to enable real-time data analysis and monitoring of business operations.
IoT-enabled POS terminals can track inventory levels, monitor sales trends, and provide real-time insights to help businesses make informed decisions.
Security and Compliance
The global POS Terminals market has seen a significant focus on security and compliance, with many merchants and payment processors implementing robust security measures to protect sensitive customer data.
Compliance with regulations such as PCI-DSS, GDPR, and EMVCo has become a top priority, ensuring that POS terminals meet the highest standards of security and data protection.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the POS Terminals market. It includes factors influencing customer ' purchasing decisions, preferences for POS Terminals product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the POS Terminals market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting POS Terminals market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the POS Terminals market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the POS Terminals industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the POS Terminals market.
Recommendations:
Invest in Mobile POS Terminals: With the growing demand for mobile POS solutions, investing in mobile POS terminals can be a lucrative opportunity for businesses.
Focus on Emerging Markets: Countries like Vietnam, Japan, South Korea, Turkey, and Thailand have low penetration of POS Terminals, creating a significant growth opportunity for market players.
Develop Cloud-based POS Solutions: Cloud-based POS solutions are gaining popularity, and developing cloud-based POS solutions can help businesses stay ahead of the competition.
Emphasize Security and Data Protection: With increasing concerns about data breaches and security, emphasizing security and data protection can be a key differentiator for businesses in the POS Terminal market.
Invest in Emerging Technologies: Emerging technologies like Artificial Intelligence (AI), Internet of Things (IoT), and Blockchain can enhance the functionality and security of POS Terminals, making them more attractive to customers.
Opportunities:
Growing Demand for Cashless Payments: The increasing demand for cashless payments is driving the growth of the POS Terminal market, creating opportunities for businesses to invest in POS solutions.
Rise of Omnichannel Retailing: The rise of omnichannel retailing is creating opportunities for businesses to integrate POS solutions across multiple channels, enhancing the customer experience.
Growing Importance of Inventory Management: Inventory management is becoming increasingly important for businesses, creating opportunities for POS solutions that can help streamline inventory management.
Increasing Adoption of Contactless Payments: The increasing adoption of contactless payments is driving the demand for POS Terminals that support contactless payments, creating opportunities for businesses to invest in these solutions.
Growing Demand for Integrated POS Solutions: The growing demand for integrated POS solutions that combine hardware and software is creating opportunities for businesses to develop and invest in these solutions.
Market Segmentation:
POS Terminals market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
Fixed POS Terminals
Wireless POS Terminals
Mobile POS and etc.
Segmentation by application
Financial Institutions
Third-Party Payment Institutions
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Ingenico
Verifone
PAX
Newland Payment
LIANDI
Xin Guo Du
New POS Technology
Bitel
CyberNet
Castles Technology
SZZT
Key Questions Addressed in this Report
What is the 10-year outlook for the global POS Terminals market?
What factors are driving POS Terminals market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do POS Terminals market opportunities vary by end market size?
How does POS Terminals break out type, application?

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Manmayi Raval

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