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Point-Of-Sale Terminals Market Estimated to Cross US$ 230.91 Bn by 2030

The global Point-Of-Sale Terminals market size is expected to reach USD 230.91 billion by 2030, registering a CAGR of 16.9% over the forecast period 2021 – 2030.

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Growth Factors

Many industries, such as manufacturing, automobile, entertainment, restaurant, and hospitality, have lost their business due to strict social distancing rules and complete lockdown imposed in most of the countries to control the spread of the novel coronavirus. The slumped businesses affected the product demand across the industries.

For instance, Europe and the Middle East regions are tourist hotspots that have suffered losses due to international travel restrictions. However, the retail and healthcare sectors are expected to exhibit product demand for point-of-sale (POS) terminals for The market is expected to regain its foothold across industries by 2021; also, Mobile Point-of-Sale (mPOS) and contactless payment terminals are in high demand currently as they contribute to the effort of containing the spread of coronavirus.

The market is anticipated to grow substantially over the forecast period owing to rising product demand in various applications, such as Customer Relationship Management (CRM), reporting, payment processing, among others. The decline in the trend of carrying cash for shopping and the need for understanding customer purchase patterns has further boosted product adoption. 

Report Highlights

The fixed product segment dominated the market and accounted for more than 61% of the global revenue share in 2020. Fixed POS terminals are preferred mainly by large-scale vendors due to high procurement and installation costs, which have currently contributed to the market growth. Furthermore, end-users wary about cloud data storage are inclined towards installing fixed POS terminals to store data with the on-premises server. The POS system has a wide range of applications, such as supporting payments devices, printing bills, inventory management, and Customer Relationship Management (CRM).

The hardware segment emerged as the largest segment in 2020, accounting for a revenue share of more than 63%. Hardware components comprise interfaces or devices to register transaction details, such as tablets, monitors, cash drawers, receipt printers, barcode scanners, EFT-POS machines, and network devices. The fixed POS terminal involves most of the hardware components to complete the system and facilitate a complete experience of managing daily activity using the system.

The retail segment generated the highest revenue share of over 31% in 2020 and is expected to grow further at a significant rate over the forecast period. The rising adoption of modern payment options by small retailers is expected to drive the segment growth. Some of the retailers that have announced chain-wide adoption of mPOS solutions include Home Depot, Disney Stores, Target, Urban Outfits, and Nordstrom. The growth of omnichannel retailing systems for a unified shopping experience across all channels via smartphones is expected to generate a high growth avenue for the retail industry.

On-premise deployment emerged as the largest deployment segment in 2020 and accounted for over 76% of the global revenue share. On-premise deployment comprises manual installation at the customer’s premise. The installation includes cabling and cabling permits, electrical work, and hardware and software installation. As large businesses are often wary of data theft, they prefer on-premises deployed POS solutions to ensure on-premises storage of critical data.

Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. Moreover, government initiatives to support a cashless economy are increasing the demand for POS terminals in this region. A surge in the adoption of digital payment technologies in Asia Pacific has created a pool of opportunities for mPOS in countries, such as China, Japan, and India, which is expected to restrict the regional market growth for the fixed POS terminal segment over the forecast period. However, demand from large enterprises to secure their information and ensure the processing of a large volume of customer data is helping the rise in demand for fixed POS terminals. The pandemic affected the most lucrative sectors in the region including retail, hospitality, and entertainment, leading to a decline in demand for new POS terminals. China, which is a manufacturing hub for POS terminal hardware, recovered early compared to other Asian countries, while Japan implemented control measures to avoid impact on its businesses. The remaining Asian countries are striving to revive consumer-related industries, which is expected to help increase the product demand in 2021. Moreover, low penetration and considerable unbanked population in other developing countries, such as Vietnam, Japan, South Korea, Turkey, and Thailand, are expected to provide lucrative growth opportunities to the market players.

Report Coverage Details
Market Size US$ 230.91 billion by 2030
Growth Rate CAGR of 16.9% From 2021 to 2030
Base Year 2020
Forecast Period 2021 to 2030
Segments Covered Product , Component , Deployment, Application , Region
Companies Mentioned Ingenico Group (acquired by Worldline), NCR Corp., VeriFone Systems, Inc., PAX Technology, Inc., Fujian Newland Payment Technology Co. Ltd., Revel System, Inc., Oracle Corp., ShopKeep

Key Players

  • Ingenico Group (acquired by Worldline)
  • NCR Corp.
  • VeriFone Systems, Inc.
  • PAX Technology, Inc.
  • Fujian Newland Payment Technology Co. Ltd.
  • Revel System, Inc.
  • Oracle Corp.
  • ShopKeep

Market Segmentation

  • Product Outlook
    • Fixed
    • Mobile
  • Component Outlook
    • Hardware
    • Software
    • Services
  • Deployment Outlook
    • On-Premise
    • Cloud
  • Application Outlook (Revenue, USD Million, 2016 – 2028)
    • Restaurants
    • Hospitality
    • Healthcare
    • Retail
    • Warehouse
    • Entertainment
    • Other
  • Regional Outlook
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
    • Asia Pacific
      • China
      • India
      • Japan
      • Singapore
      • Australia
    • Latin America
      • Brazil
      • Mexico
    • MEA

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Point-Of-Sale Terminals Market, By Product

7.1.  Point-Of-Sale Terminals Market, by Product, 2020-2030

7.1.1.    Fixed

7.1.1.1.        Market Revenue and Forecast (2016-2030)

7.1.2.    Mobile

7.1.2.1.        Market Revenue and Forecast (2016-2030)

Chapter 8.  Global Point-Of-Sale Terminals Market, By Component

8.1.  Point-Of-Sale Terminals Market, by Component, 2020-2030

8.1.1.    Hardware

8.1.1.1.        Market Revenue and Forecast (2016-2030)

8.1.2.    Software

8.1.2.1.        Market Revenue and Forecast (2016-2030)

8.1.3.    Services

8.1.3.1.        Market Revenue and Forecast (2016-2030)

Chapter 9.  Global Point-Of-Sale Terminals Market, By Deployment

9.1.  Point-Of-Sale Terminals Market, by Deployment, 2020-2030

9.1.1.    On-premise

9.1.1.1.        Market Revenue and Forecast (2016-2030)

9.1.2.    Cloud

9.1.2.1.        Market Revenue and Forecast (2016-2030)

Chapter 10.      Global Point-Of-Sale Terminals Market, By Application

10.1.        Point-Of-Sale Terminals Market, by Application, 2020-2030

10.1.1.  Restaurants

10.1.1.1.      Market Revenue and Forecast (2016-2030)

10.1.2.  Hospitality

10.1.2.1.      Market Revenue and Forecast (2016-2030)

10.1.3.  Healthcare

10.1.3.1.      Market Revenue and Forecast (2016-2030)

10.1.4.  Retail

10.1.4.1.      Market Revenue and Forecast (2016-2030)

10.1.5.  Warehouse

10.1.5.1.      Market Revenue and Forecast (2016-2030)

10.1.6.  Entertainment

10.1.6.1.      Market Revenue and Forecast (2016-2030)

10.1.7.  Other

10.1.7.1.      Market Revenue and Forecast (2016-2030)

Chapter 11.      Global Point-Of-Sale Terminals Market, Regional Estimates and Trend Forecast

11.1.        North America

11.1.1.  Market Revenue and Forecast, by Product (2016-2030)

11.1.2.  Market Revenue and Forecast, by Component (2016-2030)

11.1.3.  Market Revenue and Forecast, by Deployment (2016-2030)

11.1.4.  Market Revenue and Forecast, by Application (2016-2030)

11.1.5.  U.S.

11.1.5.1.      Market Revenue and Forecast, by Product (2016-2030)

11.1.5.2.      Market Revenue and Forecast, by Component (2016-2030)

11.1.5.3.      Market Revenue and Forecast, by Deployment (2016-2030)

11.1.5.4.      Market Revenue and Forecast, by Application (2016-2030)

11.1.6.  Rest of North America

11.1.6.1.      Market Revenue and Forecast, by Product (2016-2030)

11.1.6.2.      Market Revenue and Forecast, by Component (2016-2030)

11.1.6.3.      Market Revenue and Forecast, by Deployment (2016-2030)

11.1.6.4.      Market Revenue and Forecast, by Application (2016-2030)

11.2.        Europe

11.2.1.  Market Revenue and Forecast, by Product (2016-2030)

11.2.2.  Market Revenue and Forecast, by Component (2016-2030)

11.2.3.  Market Revenue and Forecast, by Deployment (2016-2030)

11.2.4.  Market Revenue and Forecast, by Application (2016-2030)

11.2.5.  UK

11.2.5.1.      Market Revenue and Forecast, by Product (2016-2030)

11.2.5.2.      Market Revenue and Forecast, by Component (2016-2030)

11.2.5.3.      Market Revenue and Forecast, by Deployment (2016-2030)

11.2.5.4.      Market Revenue and Forecast, by Application (2016-2030)

11.2.6.  Germany

11.2.6.1.      Market Revenue and Forecast, by Product (2016-2030)

11.2.6.2.      Market Revenue and Forecast, by Component (2016-2030)

11.2.6.3.      Market Revenue and Forecast, by Deployment (2016-2030)

11.2.6.4.      Market Revenue and Forecast, by Application (2016-2030)

11.2.7.  France

11.2.7.1.      Market Revenue and Forecast, by Product (2016-2030)

11.2.7.2.      Market Revenue and Forecast, by Component (2016-2030)

11.2.7.3.      Market Revenue and Forecast, by Deployment (2016-2030)

11.2.7.4.      Market Revenue and Forecast, by Application (2016-2030)

11.2.8.  Rest of Europe

11.2.8.1.      Market Revenue and Forecast, by Product (2016-2030)

11.2.8.2.      Market Revenue and Forecast, by Component (2016-2030)

11.2.8.3.      Market Revenue and Forecast, by Deployment (2016-2030)

11.2.8.4.      Market Revenue and Forecast, by Application (2016-2030)

11.3.        APAC

11.3.1.  Market Revenue and Forecast, by Product (2016-2030)

11.3.2.  Market Revenue and Forecast, by Component (2016-2030)

11.3.3.  Market Revenue and Forecast, by Deployment (2016-2030)

11.3.4.  Market Revenue and Forecast, by Application (2016-2030)

11.3.5.  India

11.3.5.1.      Market Revenue and Forecast, by Product (2016-2030)

11.3.5.2.      Market Revenue and Forecast, by Component (2016-2030)

11.3.5.3.      Market Revenue and Forecast, by Deployment (2016-2030)

11.3.5.4.      Market Revenue and Forecast, by Application (2016-2030)

11.3.6.  China

11.3.6.1.      Market Revenue and Forecast, by Product (2016-2030)

11.3.6.2.      Market Revenue and Forecast, by Component (2016-2030)

11.3.6.3.      Market Revenue and Forecast, by Deployment (2016-2030)

11.3.6.4.      Market Revenue and Forecast, by Application (2016-2030)

11.3.7.  Japan

11.3.7.1.      Market Revenue and Forecast, by Product (2016-2030)

11.3.7.2.      Market Revenue and Forecast, by Component (2016-2030)

11.3.7.3.      Market Revenue and Forecast, by Deployment (2016-2030)

11.3.7.4.      Market Revenue and Forecast, by Application (2016-2030)

11.3.8.  Rest of APAC

11.3.8.1.      Market Revenue and Forecast, by Product (2016-2030)

11.3.8.2.      Market Revenue and Forecast, by Component (2016-2030)

11.3.8.3.      Market Revenue and Forecast, by Deployment (2016-2030)

11.3.8.4.      Market Revenue and Forecast, by Application (2016-2030)

11.4.        MEA

11.4.1.  Market Revenue and Forecast, by Product (2016-2030)

11.4.2.  Market Revenue and Forecast, by Component (2016-2030)

11.4.3.  Market Revenue and Forecast, by Deployment (2016-2030)

11.4.4.  Market Revenue and Forecast, by Application (2016-2030)

11.4.5.  GCC

11.4.5.1.      Market Revenue and Forecast, by Product (2016-2030)

11.4.5.2.      Market Revenue and Forecast, by Component (2016-2030)

11.4.5.3.      Market Revenue and Forecast, by Deployment (2016-2030)

11.4.5.4.      Market Revenue and Forecast, by Application (2016-2030)

11.4.6.  North Africa

11.4.6.1.      Market Revenue and Forecast, by Product (2016-2030)

11.4.6.2.      Market Revenue and Forecast, by Component (2016-2030)

11.4.6.3.      Market Revenue and Forecast, by Deployment (2016-2030)

11.4.6.4.      Market Revenue and Forecast, by Application (2016-2030)

11.4.7.  South Africa

11.4.7.1.      Market Revenue and Forecast, by Product (2016-2030)

11.4.7.2.      Market Revenue and Forecast, by Component (2016-2030)

11.4.7.3.      Market Revenue and Forecast, by Deployment (2016-2030)

11.4.7.4.      Market Revenue and Forecast, by Application (2016-2030)

11.4.8.  Rest of MEA

11.4.8.1.      Market Revenue and Forecast, by Product (2016-2030)

11.4.8.2.      Market Revenue and Forecast, by Component (2016-2030)

11.4.8.3.      Market Revenue and Forecast, by Deployment (2016-2030)

11.4.8.4.      Market Revenue and Forecast, by Application (2016-2030)

11.5.        Latin America

11.5.1.  Market Revenue and Forecast, by Product (2016-2030)

11.5.2.  Market Revenue and Forecast, by Component (2016-2030)

11.5.3.  Market Revenue and Forecast, by Deployment (2016-2030)

11.5.4.  Market Revenue and Forecast, by Application (2016-2030)

11.5.5.  Brazil

11.5.5.1.      Market Revenue and Forecast, by Product (2016-2030)

11.5.5.2.      Market Revenue and Forecast, by Component (2016-2030)

11.5.5.3.      Market Revenue and Forecast, by Deployment (2016-2030)

11.5.5.4.      Market Revenue and Forecast, by Application (2016-2030)

11.5.6.  Rest of LATAM

11.5.6.1.      Market Revenue and Forecast, by Product (2016-2030)

11.5.6.2.      Market Revenue and Forecast, by Component (2016-2030)

11.5.6.3.      Market Revenue and Forecast, by Deployment (2016-2030)

11.5.6.4.      Market Revenue and Forecast, by Application (2016-2030)

Chapter 12.  Company Profiles

12.1.              Ingenico Group (acquired by Worldline)

12.1.1.  Company Overview

12.1.2.  Product Offerings

12.1.3.  Financial Performance

12.1.4.  Recent Initiatives

12.2.              NCR Corp.

12.2.1.  Company Overview

12.2.2.  Product Offerings

12.2.3.  Financial Performance

12.2.4.  Recent Initiatives

12.3.              VeriFone Systems, Inc.

12.3.1.  Company Overview

12.3.2.  Product Offerings

12.3.3.  Financial Performance

12.3.4.  Recent Initiatives

12.4.              PAX Technology, Inc.

12.4.1.  Company Overview

12.4.2.  Product Offerings

12.4.3.  Financial Performance

12.4.4.  Recent Initiatives

12.5.              Fujian Newland Payment Technology Co. Ltd.

12.5.1.  Company Overview

12.5.2.  Product Offerings

12.5.3.  Financial Performance

12.5.4.  Recent Initiatives

12.6.              Revel System, Inc.

12.6.1.  Company Overview

12.6.2.  Product Offerings

12.6.3.  Financial Performance

12.6.4.  Recent Initiatives

12.7.              Oracle Corp.

12.7.1.  Company Overview

12.7.2.  Product Offerings

12.7.3.  Financial Performance

12.7.4.  Recent Initiatives

12.8.              ShopKeep

12.8.1.  Company Overview

12.8.2.  Product Offerings

12.8.3.  Financial Performance

12.8.4.  Recent Initiatives

Chapter 13.  Research Methodology

13.1.              Primary Research

13.2.              Secondary Research

13.3.              Assumptions

Chapter 14.  Appendix

14.1.              About Us

Glossary of Terms

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