The newly published research report titled Point-of-Sale (POS) Terminals Market provides an in-depth comprehension of the rapidly growing market, shedding light on the most critical insights, findings, and recommendations. It assesses all the key market aspects, including market size, share, trends, and recent developments. Also, an analysis of the major Point-of-Sale (POS) Terminals market growth drivers, restraints, challenges, and emerging opportunities has been provided. In addition, the report includes a brief market forecast for the upcoming years, along with key recommendations for industry participants.
The research report uses both primary and secondary data sources such as interviews, focus groups, published industry reports, and publicly available information to collect data. Also, a mix of both qualitative and quantitative techniques has been used to process and analyze the data. By going through the research report, stakeholders can devise effective operating strategies to gain a competitive edge.
Market Stats
According to the research report, the global Point-of-Sale (POS) Terminals market was valued at USD 103.92 billion in 2023 and is expected to reach USD 227.76 billion by 2032, to grow at a CAGR of 9.20% during the forecast period.
Market Dynamics
This report section examines the key shifts occurring within the market and identifies future growth areas. It sheds light on emerging trends, such as increased consumer demand for personalized experiences, a shift towards eco-friendly practices, or the growing adoption of AI and other technologies in business processes. By going through these trends, stakeholders can examine where the market is headed and what factors will define its future growth trajectory.
In addition, technological advancements, such as the development of AI tools, driving transformation within the Point-of-Sale (POS) Terminals market have been assessed in the research report. An assessment of the implementation of favorable regulations and policies, along with major market opportunities, can be found in this comprehensive research report.
Browse Full Insights:
https://www.polarismarketresearch.com/industry-analysis/point-of-sale-terminals-market
Competitive Landscape
This section of the research report offers an in-depth analysis of all the major market players, covering their operating strategies and competitive dynamics. An assessment of emerging companies gaining traction in the market has been covered in the report. The company profiles for significant players have been provided, covering aspects like product offerings, financial performance, recent innovations, and Point-of-Sale (POS) Terminals market operating strategies. Competitive strategies of major players, including product innovations, mergers and acquisitions, and partnerships, have been outlined. In addition, SWOT analysis and Porter’s Five Forces analysis for key competitors can be found in the study.
A few of the key market players are:
- Verifone Systems Inc.
- Ingenico Group
- PAX Technology
- Toshiba Corporation
- NCR Corporation
- Diebold Nixdorf Inc.
- Square Inc.
- Panasonic Corporation
- Hewlett-Packard Development Company
- L.P.
- NEC Corporation.
Recent Developments
- August 2022: GK Software announced an extension of its partnership with the Schwarz Group, committing to collaborate over the next few years to migrate its point-of-sale (POS) software to the CLOUD4RETAIL open platform.
- March 16, 2021: Boyne Resorts adopted Agilysys’ point-of-sale and cloud solutions to facilitate contactless food and beverage orders, enhancing customer convenience.
- March 5, 2021: The National Payments Corporation of India (NPCI), in collaboration with SBI Payments, launched ‘RuPay SoftPoS,’ enabling millions of Indian merchants to accept payments through NFC-enabled smartphones functioning as POS terminals.
- May 2022: NCR Corporation introduced NCR Aloha Cloud, a cloud-based solution tailored for restaurants. Aloha Cloud provides a consistent user interface (UI) for both handheld devices and fixed terminals, allowing restaurants to manage third-party delivery marketplaces directly from their POS system.
Market Segmentation
The research report divides the Point-of-Sale (POS) Terminals market into segments based on shared characteristics. Market segmentation enables businesses to identify specific consumer groups and tailor their offerings to meet their unique needs. By understanding the distinct preferences of each segment, businesses can create more relevant products and marketing strategies, resulting in improved customer satisfaction and loyalty. In addition, by focusing on specific market segments, stakeholders can allocate their resources more efficiently, spending their budgets on segments most likely to provide the highest return on investment. Moreover, market segmentation can help businesses forecast demand and future trends more accurately.
Point-of-Sale (POS) Terminals Market, Component Outlook (Revenue – USD Million, 2019-2032)
- Hardware
- Software
- Services
Point-of-Sale (POS) Terminals Market, Type Outlook (Revenue – USD Million, 2019-2032)
- Fixed POS Terminals
- Portable and Mobile POS
Point-of-Sale (POS) Terminals Market, Deployment Outlook (Revenue – USD Million, 2019-2032)
- On Premise
- Cloud Based
Point-of-Sale (POS) Terminals Market, Application Outlook (Revenue – USD Million, 2019-2032)
- Restaurants
- Hospitality
- Healthcare
- Retail
- Warehouses
- Entertainment
- Others
Market Expansion and Future Outlook
The growing trend of omnichannel retailing is prompting businesses to adopt more flexible and feature-rich POS solutions, ensuring a seamless customer experience across multiple touchpoints. Moreover, the increasing penetration of smartphones and mobile POS devices is expanding the market, particularly in emerging economies where small and medium-sized enterprises (SMEs) are embracing cost-effective POS solutions. As the demand for data-driven insights and real-time transaction monitoring grows, innovations such as AI-powered POS systems and blockchain-based payment processing are expected to further accelerate market growth in the coming years.
The Report Answers Questions Such As
• How much is the Point-of-Sale (POS) Terminals market worth?
• What are the key factors driving market growth?
• What is the projected CAGR for the market during the forecast period?
• Which segment is anticipated to register the fastest growth during the projection period?
• Which region dominated the global market?
• What are the competitive strategies market participants might adopt?
Conclusion
The Point-of-Sale (POS) Terminals market research report summarizes the study’s major findings, providing a final overview of the market’s current state, future growth prospects, and recommendations for market participants. The market’s key drivers, challenges, and restraints have been restated in the conclusion section. In addition, strategic recommendations for market participants have been provided.
More Trending Latest Reports By Polaris Market Research:
Mining Drills and Breakers Market
Dna And Rna Banking Services Market