Point Of Sale (PoS) Terminal Market is Expected to reach CAGR of 8.1% and a value of USD 125.31 Billion by 2030 | Ingenico S.A, Verifone Systems, PAX Technology
Research Reports
Nov 21, 2022
Point Of Sale Terminal Market Overview:
During the projection period, the Point Of Sale Terminal Market will grow strongly at a CAGR of 8.1% and reach a value of USD 125.31 billion in 2030.
Due to important development drivers including elaboration and a rise in the usage of wireless payment terminals, the industry had healthy growth. The Point Of Sale (PoS) Terminal Market is being driven by these elements. The market’s expansion is aided by retailers’ use of various payment methods, including Mastercard, VISA, and many more. The market is growing as e-commerce and consumer internet transactions increase.
The POS system’s features aid in increasing productivity, which has a favorable effect on the volume of sales as well. Many features will only need a very small amount of assistance from any specialist throughout the systems installation procedure. Additionally, the majority of the pre-installed software components on these devices are plug-and-play compatible. Additionally, the system aids in the removal of difficulties that frequently arise while putting the system up for users, making it simple for both small and medium merchants to adopt these systems without difficulty. Additionally, the systems’ user-friendliness along with their enhanced efficiency is anticipated to fuel the expansion of the point-of-sale terminal industry.
Report Scope:
|
Report Attribute/Metric |
Details |
|
Market Size in 2030 |
USD 125.31 Billion (2030) |
|
Growth rate: |
CAGR of 8.1% from 2020 to 2030 |
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Forecast Period |
2020-2030 |
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Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
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Point Of Sale Terminal Market- Key Players:
- Ingenico S.A. from Franc
- Verifone Systems from the United States
- PAX Technology from Hong Kong
- HP Company from the United States
- Cisco Systems from the United States
- Elavon from the United States
- Castles Technology from Taiwan
- Newland Payment Technology from China
- Panasonic Corporation from Japan
- CITIXSYS AMERICAS from the United States
- Touchbistro from Canada
- NCR Corporation from the United States
- Diebold Nixdorf from the United States
- Zebra technologies from the United (Hong Kong).
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Point Of Sale Terminal Market- Regional Analysis:
The point-of-sale terminal market operates in 4 critical regions because of the market’s worldwide diversification and the target audience’s global distribution. During the projection period of 2017–2023, the North American market is anticipated to see outstanding growth potential, helping the industry to become the highest point of sale terminal market size. The point-of-sale terminal market is where you can find both a broad range of business-specific solutions and the payment industry’s ongoing modernization.
The fact that wireless PoS terminals have been widely used and implemented across a wide range of industries, including hospitality, healthcare, and the medical field, as well as other sectors like the retail and entertainment industry, is another factor that will help the market gain momentum in the face of intense global competition.
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Point Of Sale Terminal Market- Segmentation
The performance of the following market categories determines how quickly the point of sale (PoS) terminal market will grow:
Hardware, POS software, and services are all covered in this section.
The point-of-sale terminal market’s type segment consists of the mPOS, smart POS, portable countertop, PIN Pad, and other devices such a smart mobile dongles and compact POS.
The home delivery and service delivery business, retail, healthcare and hospitality, taxi and transportation, sports, entertainment, and the media industry are all included in the point of sale terminal market’s industry section.
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