POS Terminal Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

[190+ Pages Report] According to the report published by Facts Factors, the global POS terminal market size was worth around USD 61.35 billion in 2019 and is predicted to grow to around USD 121.08 billion by 2026 with a compound annual growth rate (CAGR) of roughly 10.2% between 2020 and 2026. The report analyzes the global POS terminal market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the POS terminal market.

The POS terminal market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire POS terminal market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Billion) and volume (K Units) from FY 2016 – 2026. 

Key Insights from Primary Research

• According to the primary CXOs of the global POS terminal market, the market is estimated to witness a substantial growth of nearly 10.2% over the forecast period.
• The market was valued at USD 61.35 billion, in 2019 and is expected to be valued at over USD 121.08 billion.
• On the basis of the component segment, software dominated the global POS terminal market in 2019. In terms of revenue, it accounted for more than a 35% share of the total market in 2019.
• Application-wise, the retail segment was the largest of the global POS terminal market in 2019. It accounted for more than 30% of the total market share in 2019.
• By geography, the North American region headed the market with a share of above 28%, in 2019.

Key Recommendations from Analysts

• According to our analyst, emerging digitization in developing countries including India, China, Southeast countries, and so on would likely open new opportunities for the POS terminal market in the years to come.
• According to industry expertise, the increase in the use of advanced technologies such as near-field communication (NFC) devices in contactless transactions is expected to drive the demand for POS terminals over the future years.
• Our analysts recommend that the demand for convenience features like invoice management, image scanner, and inventory management drives the demand for POS terminals in retail, healthcare, and restaurants.
• Advancing technology and software upgrades are expected to see high growth potential for the segment in the coming years.
• Easy accessibility and high portability is expected to accelerate the demand for POS terminal in the various end-use industries during the years to come.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the POS terminal industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the POS terminal industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the POS terminal market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the POS terminal industry. The POS terminal market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the POS terminal sector. Key strategic developments in the POS terminal market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the POS terminal market are appropriately highlighted in the report.

The POS terminal market research report delivers an acute valuation and taxonomy of the POS terminal industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.

Report Scope

The regional segmentation of the POS terminal industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the POS terminal industry is provided for the leading economies of the world.

POS terminal is a software and hardware tool. It is an electronic device used to read money transfer credit or debit card information for the customer. On the POS terminals of any retail store, shopping mall, restaurant, hotel, hospital, cinema hall, etc., this kind of transformation is performed after buying any product or service. The POS terminal saves time and performs transactions faster. So over the forecast period, it is projected to rise at a faster pace.

The global market for POS terminals is categorized by size, deployment, component, application, and region. The global POS terminal, based on size, is divided into mobile POS terminals and fixed POS terminals. The main deployment mode of the global POS terminal market is on-premise and cloud-based. Software, hardware, and services are key market segments in terms of components. Retail, restaurants, hospitals, and others are major global POS terminal industry applications.

Some of the essential players operating in the POS terminal market, but not restricted to include

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

The taxonomy of the POS terminal industry by its scope and segmentation is as follows:

By Type Segmentation Analysis

• Mobile POS Terminal
• Fixed POS Terminal

By Deployment Segmentation Analysis

• On-Premise
• Cloud Based

By Component Segmentation Analysis

• Hardware
• Software
• Services

By Application Segmentation Analysis

• Hospitals
• Retail
• Restaurants
• Others

Regional Segmentation Analysis

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