POS Terminal Market Outlook 2026 Size, Share, Trends, Opportunity and Forecast
According to TechSci Research, Global POS terminal market is forecast to exhibit a CAGR of more than 9% during the forecast period of 2021-2026, growing from $ 15 billion in 2019, owing to increasing use of Europay, Mastercard and Visa (EMV) cards. Point of sale (POS) terminals are used for handling payments and checkouts. Modern POS terminals integrate multiple systems into a single terminal to manage operations such as printing, card payments, billing and cash collection. Moreover, need for user-friendly, secure and convenient payment options is bolstering the growth of global POS terminal market. Large number of debit and credit card transactions is pushing the demand for POS terminals among retailers and other end-users. Additionally, reduction in the cost of POS systems and government initiatives to promote cashless transactions in various countries are expected to fuel global POS terminal market in coming years.
Global POS terminal market can be segmented based on product type, deployment, EMV compliance and end use industry. Based on product type, the market can be segmented into fixed, portable and mPOS. Fixed POS held the major share in 2019, however, its market share is expected to decline during forecast period due to increasing demand for portable and mPOS terminals. POS terminals cater to various industries such as retail, travel & hospitality, media & entertainment, manufacturing, healthcare, education and others. Retail sector captured majority of the share in 2019 and the trend is likely to continue in the coming years, as POS systems allow easy and fast billing.
Asia Pacific dominated the market in 2019 and is expected to witness significant growth during the forecast period, on account of growing disposable income and increasing number of government initiatives to promote digital economy in various countries in the region.
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Major players operating in global POS terminal market include Ingenico Group S.A., Verifone Systems Inc., Fujian Newland Payment Technology Co., LTD Centerm Information Co., LTD, PAX Technology etc. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments. In 2019, Verifone launched Verifone Carbon 8, which is an affordable and portable POS solution. Additionally, the company has collaborated with Sage to offer integrated POS and business accounting solution on Verifone Carbon 8.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Objective of the Study:
- To analyze and forecast global POS terminal market size.
- To classify and forecast global POS terminal market based on product type, deployment, EMV compliance, industry and regional distribution.
- To identify drivers and challenges for global POS terminal market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global POS terminal market.
- To identify and analyze the profile of leading players operating in global POS terminal market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
TechSci Research calculated global POS terminal market size using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- POS Terminals Manufacturers.
- Suppliers & Distributors
- Research organizations and consulting companies
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to POS Terminal
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, global POS terminal market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Market, by Product Type:
- Fixed
- Portable
- mPOS
- Market, by Deployment:
- Cloud
- On-Premise
- Market, by EMV Compliance:
- EMV
- Non-EMV
- Market, by Industry:
- Retail
- Travel & Hospitality
- Media & Entertainment
- Healthcare
- Education
- Others
- Market, by Region:
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global POS terminal market.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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