Mordor Intelligence has published a new report on the POS Terminal Market, offering a comprehensive analysis of trends, growth drivers, and future projections.
The global POS (Point-of-Sale) terminal market, valued at USD 100.24 billion in 2024, is anticipated to grow to USD 151.97 billion by 2029, with a compound annual growth rate (CAGR) of 8.68%, as reported by Mordor Intelligence. This growth is propelled by the surge in contactless payment solutions, the expansion of e-commerce, and increasing adoption across sectors such as retail, hospitality, and healthcare. As digital payment methods continue to evolve, POS terminals have become integral to modern business operations, offering both payment processing and enhanced customer engagement.
Key Trends
1. Rising Demand for Contactless and Mobile Payments
The COVID-19 pandemic accelerated the adoption of contactless payment methods, which are now in high demand due to their convenience and security. POS systems enable businesses to support Near-Field Communication (NFC), RFID, and mobile wallet transactions, allowing customers to pay without physical contact. This trend has significantly benefited sectors such as retail and hospitality, where rapid, hygienic transactions are prioritized. POS systems supporting mobile payments have expanded access to digital transactions, particularly in emerging markets, facilitating inclusive commerce and economic growth.
2. E-Commerce and Omnichannel Integration
As e-commerce becomes an essential sales channel, the demand for POS terminals that seamlessly integrate online and offline transactions has increased. Retailers are implementing POS solutions that offer omnichannel capabilities, allowing for a unified customer experience across in-store and digital platforms. This capability enables businesses to track inventory, analyze customer data, and manage sales more effectively. The shift toward integrated e-commerce has spurred demand for flexible POS terminals, with cloud-based and software-centric solutions that support both in-store and online purchasing options.
3. Technological Advancements in POS Hardware and Software
Modern POS terminals have evolved beyond simple transaction processing to include advanced software and hardware features, such as touchscreens, biometric authentication, and AI-powered analytics. Companies are leveraging data collected from POS transactions to gain insights into consumer behavior, inventory management, and sales trends. Technologies like facial recognition, QR codes, and fingerprint authentication have also been integrated into POS systems to improve security and streamline payment processes. Additionally, the rise of AI-driven software is enabling predictive analytics, helping businesses optimize inventory and enhance customer engagement.
4. Expansion of POS Adoption in Emerging Markets
POS terminal adoption is rapidly growing in emerging markets, particularly in the Asia-Pacific region. Countries such as China, India, and Brazil are experiencing a shift towards cashless transactions and digital payment solutions, driven by government initiatives and the rising use of smartphones. The proliferation of mobile POS (mPOS) systems is empowering small businesses in remote areas to accept digital payments, contributing to financial inclusion. This trend is expected to continue as regulatory policies favor cashless economies, and companies invest in infrastructure to support POS deployment in untapped regions.
Get a PDF sample copy of the Market Research Report, Visit – https://www.mordorintelligence.com/industry-reports/point-of-sale-terminal-market
Market Segmentation
The POS terminal market is segmented by component, type, end-user industry, and geography.
By Component:
- Hardware: Includes touchscreen monitors, barcode scanners, card readers, and receipt printers.
- Software: Comprises cloud-based and on-premises solutions for transaction processing and data management.
- Service: Installation, maintenance, and support services that ensure the smooth operation of POS systems.
By Type:
- Fixed POS Terminals: Common in retail and restaurant settings, offering stability and comprehensive features.
- Mobile POS (mPOS) Terminals: Portable devices, ideal for small businesses and mobile operations, allowing transactions from any location.
By End-User Industry:
- Retail: Widely used to process transactions, manage inventory, and analyze sales data.
- Hospitality: Essential for billing, room service, and reservations in hotels and restaurants.
- Healthcare: Used for patient billing, inventory tracking, and record management.
- Entertainment: Adopted in movie theaters, gaming centers, and events for ticketing and concessions.
By Geography:
- North America: High adoption rate due to advanced infrastructure and digital payment preferences.
- Europe: Notable growth due to regulatory support for cashless transactions and security standards.
- Asia-Pacific: Fastest-growing region, driven by rising digitalization in retail and hospitality.
- Latin America and Middle East & Africa: Emerging markets with expanding digital payment adoption.
Get a Customized Report Tailored to Your Requirements. – https://www.mordorintelligence.com/market-analysis/pos-terminals
Key Players
Leading companies in the POS terminal market include Square, Inc., Ingenico Group, Verifone Systems Inc., NCR Corporation, and Shopify Inc. These key players are innovating by integrating advanced technologies and expanding POS offerings. For example, Square offers a suite of mobile-friendly POS solutions that are popular among small businesses for their accessibility and versatility. Ingenico and Verifone, pioneers in payment solutions, have focused on security-enhanced terminals supporting contactless and biometric payments. Shopify Inc. has expanded its ecosystem to offer POS hardware and software that enable seamless e-commerce integration for omnichannel retailers. These companies continue to influence the market through strategic partnerships, acquisitions, and new product launches, meeting the diverse needs of businesses across various sectors.
Conclusion
The global POS terminal market is on a significant growth path, driven by increasing demand for digital payment options, e-commerce expansion, and technological advancements in both hardware and software. As businesses seek streamlined solutions for transaction processing and customer engagement, POS systems are becoming a crucial component of modern commerce. Emerging markets in Asia-Pacific and Latin America offer vast growth opportunities as cashless economies expand and POS infrastructure matures. With the adoption of advanced security features and AI-driven insights, the POS terminal market is set to meet evolving consumer expectations, providing businesses with tools to optimize operations and enhance customer satisfaction.
Industry Related Reports
APAC POS Terminal Market: The scope of the study includes both fixed and mobile POS terminals. Fixed or EPOS terminals are PC-based workstations, including LAN-available terminals and PC-class processors, which are fully programmable and capable of transmitting data to other devices without restriction. Mobile terminals encompass electronic funds terminals, such as countertop, multilane, tablet, handheld terminals, PCI-DSS-approved chip & PIN devices, approved chip & signature devices, and mPOS devices. Other systems, such as PC-based systems and PIN pads, are excluded from the study’s scope. The Asia Pacific POS Terminal Market is segmented by type, including fixed point-of-sale systems and mobile/portable point-of-sale systems, by end-user industry, covering retail, hospitality, healthcare, and others, and by country.
China’s POS Terminals Market: The market is segmented by type, including fixed point-of-sale systems and mobile/portable point-of-sale systems, and by end-user industry, covering retail, hospitality, healthcare, and other sectors. The point of sale (POS) is the time and location where a transaction is completed. A POS system consists of computer hardware and software that manages transactions when selling a product or service. It facilitates the capture, storage, sharing, and reporting of sales transaction data, enhancing the shopping experience and expediting the checkout process to improve customer satisfaction. POS systems also provide essential data for inventory management, stock levels, product availability, and pricing information.
Greece POS Terminals Market: The Market is segmented by mode of payment acceptance, including contact-based and contactless methods, by type, covering fixed point-of-sale systems and mobile/portable point-of-sale systems, and by end-user industry, which includes retail, hospitality, and healthcare.
About Mordor Intelligence:
Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals.
With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.
For any inquiries or to access the full report, please contact:
media@mordorintelligence.com
https://www.mordorintelligence.com/