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 ty...