Global POS Terminals Market By Component (Hardware, Software, Service), By Product Type(Fixed POS Terminals, Wireless POS Terminals, Mobile POS Terminals), By Deployment (On-Premise, Cloud-Based), By Operating System (Window/Linux, Android, iOS), By End-User (Restaurants, Retail, Hospitality, Healthcare, Warehouse, Other End-Users), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2033
- Published date: Nov. 2023
- Report ID: 19779
- Number of Pages: 390
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Report Overview
The Global POS Terminals Market is anticipated to be USD 234.8 billion by 2033. It is estimated to record a steady CAGR of 9.8% in the Forecast period 2023 to 2033. It is likely to total USD 92.2 billion in 2023.
A POS (Point of Sale) terminal refers to a hardware device that enables merchants to process transactions and payments at retail locations. POS terminals can read credit and debit cards, scan barcodes, connect to cash drawers, weigh items, integrate with payment processors, generate sales receipts, and more.
The POS terminals market refers to the global industry around providing POS hardware, software applications, and servicing to merchants. This includes making and selling computerized systems for point of sale processing – from small standalone terminals to expansive networked solutions across retailer stores and restaurants.
Note: Actual Numbers Might Vary In The Final Report
The POS Terminals Market encompasses the industry involved in the manufacturing, distribution, and implementation of Point of Sale terminals. This market is dynamic and influenced by factors such as technological advancements, the growth of e-commerce, and changes in consumer payment preferences. It includes a variety of POS terminal types, ranging from traditional countertop terminals to mobile and wireless solutions.
Factors driving growth in the POS terminals market include the shift towards more complex omni-channel retail capabilities, growth of mobile and tablet-based POS solutions, security requirements for EMV chip card processing, and need for data analytics around consumer behavior.
Key Takeaways
- Market Size and Growth Projection: The POS Terminals Market is projected to reach approximately USD 234.8 billion by 2033, at a steady Compound Annual Growth Rate (CAGR) of 9.8% during the forecast period.
- Definition of POS Terminals: POS terminals, or Point of Sale terminals, are hardware devices that enable merchants to process transactions and payments at retail locations.
- Factors Driving Market Growth: Growth drivers include the shift towards omni-channel retail capabilities, the rise of mobile and tablet-based POS solutions, and the need for EMV chip card processing for security.
- Component Analysis: In 2023, hardware components dominate the market with over 54% market share.
- Product Type Analysis: Fixed POS Terminals hold a dominant market position with over 62% market share in 2023.
- Deployment Analysis: Cloud-Based deployment captures a significant market share of over 50% in 2023.
- Operating System Analysis: Window/Linux-based POS systems dominate with over 48% market share in 2023.
- End-User Analysis: The Retail Segment leads with a market share of over 40% in 2023.
- Key Market Trends: Trends include the growth of mobile POS solutions, environmental sustainability with eco-friendly hardware, integration with e-commerce, and exploring cryptocurrency payments.
- Key Regions: Asia-Pacific (APAC) emerges as the dominant market leader with over 38% market share in 2023.
- Key Players: Key players in the POS Terminals Market include Acrelec, NCR Corp., Oracle, and others.
By Component Analysis
In 2023, the global POS (Point of Sale) terminals market displayed a distinct segmentation among its components, with the Hardware Segment firmly establishing its dominance by capturing an impressive market share of over 54%. This commanding position underscores the pivotal role of hardware in the world of POS systems. Hardware components are the tangible elements of a POS terminal, encompassing items such as cash registers, card readers, barcode scanners, and terminals themselves. These tools play a crucial role in handling transactions, ensuring the safe and effective exchange of payments across diverse industries like retail, hospitality, and healthcare.
The significance of the Hardware Segment underscores the continuous need for strong, dependable, and technologically advanced hardware solutions to meet the changing requirements of businesses globally. As the retail landscape continues to witness digital transformation and the adoption of contactless payment methods, hardware innovations remain crucial for enhancing customer experiences and streamlining operations. While software and services play essential roles in POS systems, the Hardware Segment’s dominant position emphasizes the enduring significance of tangible components in shaping the present and future of point-of-sale technology.
Product Type Analysis
In 2023, the global POS (Point of Sale) terminals market exhibited a discernible segmentation among its product types, with the Fixed POS Terminals Segment firmly securing a dominant market position, capturing an impressive share of over 62%. This commanding presence underscores the continued prevalence and relevance of traditional fixed POS systems in various industries, particularly in retail and hospitality. Fixed POS terminals are characterized by their stationary nature, typically comprising cash registers and checkout counters. These terminals have been the backbone of transaction processing for decades, offering reliability, durability, and robust functionality.
The Fixed POS Terminals Segment’s prominence highlights the enduring demand for stationary, high-performance solutions that meet the transaction needs of businesses, large and small. While wireless and mobile POS terminals have gained ground, especially for on-the-go and flexible transaction processing, the Fixed POS Terminals Segment remains the cornerstone of in-store transactions, ensuring seamless and efficient checkout experiences. As the retail landscape continues to evolve, the Fixed POS Terminals Segment showcases its resilience, serving as a reliable and trusted solution for businesses seeking stability and consistency in their point-of-sale operations.
Note: Actual Numbers Might Vary In The Final Report
Deployment Analysis
In 2023, the global POS (Point of Sale) terminals market demonstrated a significant segmentation among its deployment options, with the Cloud-Based Segment firmly securing a dominant market position, capturing an impressive share of over 50%. This commanding presence underscores the paradigm shift towards cloud-based POS solutions, driven by the growing need for flexibility, scalability, and accessibility in transaction processing. Cloud-based POS systems offer businesses the advantages of real-time data access, remote management, and seamless integration with other software applications.
The significance of the Cloud-Based Segment indicates the industry’s acknowledgment of the advantages linked with cloud deployment, especially in a time where mobility, data analytics, and centralized management have become crucial. Businesses spanning various sectors, including retail, foodservice, hospitality, and healthcare, are increasingly embracing cloud-based POS solutions.
This adoption aims to streamline operations, improve customer experiences, and extract valuable insights from transaction data. While on-premise solutions still cater to specific needs, the dominant position of the Cloud-Based Segment underscores the overarching trend towards cloud-driven, agile, and data-centric POS systems, poised to shape the future of point-of-sale technology.
Operating System Analysis
In 2023, the global POS (Point of Sale) terminals market displayed a notable segmentation among its operating systems, with the Window/Linux Segment firmly establishing its dominance by capturing an impressive market share of over 48%. This commanding position underscores the continued prevalence of Window/Linux-based POS systems in various industries. These operating systems are favored for their versatility, reliability, and extensive compatibility with a wide range of software applications commonly used in businesses.
The Window/Linux Segment’s prominence reflects the enduring demand for stable and adaptable operating systems that can support diverse business needs. While Android and iOS-based POS solutions have gained traction, particularly in mobile and tablet-based setups, Window/Linux-based POS terminals continue to be the preferred choice for traditional and large-scale businesses. They offer a robust foundation for running specialized retail and hospitality software, ensuring smooth and efficient transaction processing. The Window/Linux Segment’s dominant market position underscores the confidence placed in these established operating systems, which remain integral to the evolving landscape of point-of-sale technology.
End-User Analysis
In 2023, the global POS (Point of Sale) terminals market exhibited a significant segmentation among its end-users, with the Retail Segment firmly securing a dominant market position, capturing an impressive share of over 40%. This commanding presence underscores the central role of POS systems in the retail industry, where they serve as the linchpin of efficient and customer-centric transaction processing. Retailers of all sizes, from small businesses to large chains, rely on POS terminals to facilitate sales, manage inventory, and enhance customer experiences.
The Retail Segment’s prominence reflects the critical importance of POS solutions in streamlining retail operations, optimizing checkout processes, and enabling seamless transactions. As the retail landscape continues to evolve with the integration of e-commerce and omnichannel strategies, POS terminals have adapted to support these dynamic needs. While other sectors like restaurants, hospitality, healthcare, and warehousing also leverage POS technology, the Retail Segment’s dominant market position highlights the retail industry’s consistent investment in innovative point-of-sale solutions to meet the ever-changing demands of modern consumers.
Driving Factors
- Digital Transformation: The imperative for businesses to embrace digitalization and enhance customer experiences is driving the adoption of advanced POS systems that offer versatility and data analytics capabilities.
- Contactless Payments: The rising preference for contactless payment methods, driven by hygiene concerns and convenience, fuels the demand for POS terminals with NFC and QR code capabilities.
- Omnichannel Retailing: The integration of online and offline retail channels necessitates POS systems that can seamlessly manage inventory, customer data, and sales across multiple touchpoints.
- Data Analytics and Insights: Businesses are increasingly leveraging POS data for actionable insights into customer behavior, inventory management, and marketing strategies, driving the need for advanced POS solutions.
Restraining Factors
- Cost Constraints: The initial investment and ongoing maintenance costs associated with POS systems can be a barrier for small businesses and startups.
- Security Concerns: As cyber threats evolve, ensuring the security of sensitive payment data remains a challenge, requiring continuous investment in cybersecurity measures.
- Legacy Systems: Some businesses are reluctant to transition from legacy POS systems, leading to resistance to change and hindering technology adoption.
- Vendor Lock-In: Proprietary systems and vendor lock-in can limit flexibility and customization options for businesses, impacting their ability to adapt to evolving needs.
Growth Opportunities
- Mobile POS Solutions: The growth of mobile POS solutions offers opportunities for businesses to enhance mobility, reduce checkout wait times, and improve customer engagement.
- Emerging Markets: Expanding into emerging markets with a growing retail and hospitality sector presents untapped growth opportunities for POS terminal providers.
- Subscription-Based Models: The adoption of subscription-based POS models allows businesses to access advanced features and support without significant upfront costs.
- AI and Machine Learning Integration: Integrating AI and machine learning into POS systems offers opportunities for predictive analytics, personalization, and fraud detection.
Key Market Trends
- Hybrid Cloud POS: The trend toward hybrid cloud POS systems combines the benefits of cloud and on-premise solutions, offering scalability and data accessibility.
- Environmental Sustainability: There’s a growing interest in eco-friendly and energy-efficient POS hardware as businesses prioritize sustainability and aim to decrease their carbon footprint.
- Integration with E-commerce: POS systems are now more frequently integrated with e-commerce platforms. This integration allows businesses to provide a seamless shopping experience that seamlessly connects online and offline shopping.
- Cryptocurrency Payments: In some sectors, businesses are exploring the option of accepting cryptocurrency payments. POS systems are adapting to accommodate these emerging payment methods, reflecting the evolving landscape of financial transactions.
Key Market Segments
By Component
- Hardware
- Software
- Service
Product Type
- Fixed POS Terminals
- Wireless POS Terminals
- Mobile POS Terminals
Deployment
- On-Premise
- Cloud-Based
Operating System
- Window/Linux
- Android
- iOS
End-User
- Restaurants
- Retail
- Hospitality
- Healthcare
- Warehouse
- Other End-Users
Regional Analysis
In 2023, the global POS (Point of Sale) terminals market exhibited distinctive regional dynamics, with Asia-Pacific (APAC) emerging as the dominant market leader, capturing an impressive share of more than 38%. This commanding presence underscores the remarkable growth and transformation of the APAC region, driven by burgeoning economies, rapid urbanization, and a burgeoning retail landscape.
The demand for POS terminals Market in Asia-Pacific was valued at USD 35.0 billion in 2023 and is anticipated to grow significantly in the forecast period. APAC’s expanding consumer base and increasing demand for digital payment solutions have propelled the adoption of advanced POS terminals across various industries.
North America, while holding a substantial market share, reflects a highly mature and competitive POS landscape, with businesses continually seeking innovation to stay ahead in the retail and hospitality sectors. Europe showcases a diverse market, with countries emphasizing stringent data security and compliance regulations, which influence the adoption of POS technologies.
In Latin America, evolving retail and hospitality industries are contributing to the growth of POS solutions, while the Middle East and Africa, although in nascent stages, exhibit immense potential with governments and businesses recognizing the need for digital transformation.
Note: Actual Numbers Might Vary In The Final Report
Key Regions and Countries Covered in this Report
- North America
- The US
- Canada
- Europe
- Germany
- France
- The UK
- Spain
- Italy
- Russia
- Netherland
- Rest of Europe
- APAC
- China
- Japan
- South Korea
- India
- Australia
- New Zealand
- Singapore
- Thailand
- Vietnam
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
Key Players Analysis
The analysis of key players in the POS Terminals Market provides valuable insights into the competitive landscape of this industry. These players are central to shaping the market dynamics, driving innovation, and influencing trends. Key players in the POS Terminals Market typically include leading companies that manufacture, distribute, and provide POS solutions and services.
This analysis delves into various aspects such as market share, revenue, product offerings, geographical presence, and strategic initiatives undertaken by these key players. Understanding the strategies and strengths of these market leaders is crucial for businesses and stakeholders seeking to navigate the POS Terminals Market effectively.
Top Kеу Рlауеrѕ
- Acrelec
- AURES Group
- HM Electronics
- Hewlett Packard Development LP
- NCR Corp.
- Oracle
- Presto Group
- Qu Inc.
- Quail Digital
- Revel Systems
- Toast Inc.
- Toshiba Corp.
- Other Key Players
Recent Development
- In March 2022, BharatPe and Ingenico S.A. announced a partnership with the aim of delivering cutting-edge payment and commerce services to Indian retailers. This collaboration also seeks to encourage the adoption of POS devices in India.
- In April 2022, Toast Inc. introduced a Quick-Service Restaurant solution designed to assist restaurant operations in Point of Sale (PoS), digital ordering, operations, and team management. The system is expected to streamline processes, increase sales, and enhance overall customer experiences.
- In September 2022, Newland Payment Technology, a leading provider of payment terminal solutions, showcased its SmartPOS and classic payment devices portfolio at Paris Retail Week 2022. This demonstration reflects the company’s dedication to driving innovation at the point of interaction. Newland aims to introduce its high-performance Android SmartPOS series to the French market, ensuring certification against all local payment requirements.
- In August 2022, GK Software extended its collaboration with the Schwarz Group, committing to converting its point-of-sale software to the CLOUD4RETAIL open platform. This platform is intended for one of the largest point-of-sale (POS) installations in the food retail sector in Europe.
Report Scope
Report Features Description Market Value (2023) US$ 92.2 Bn Forecast Revenue (2032) US$ 234.8 Bn CAGR (2023-2032) 9.8% Base Year for Estimation 2023 Historic Period 2017-2022 Forecast Period 2023-2033 Report Coverage Revenue Forecast, Market Dynamics, COVID-19 Impact, Competitive Landscape, Recent Developments Segments Covered By Component (Hardware, Software, Service), By Product Type(Fixed POS Terminals, Wireless POS Terminals, Mobile POS Terminals), By Deployment (On-Premise, Cloud-Based), By Operating System (Window/Linux, Android, iOS), By End-User (Restaurants, Retail, Hospitality, Healthcare, Warehouse, Other End-Users) Regional Analysis North America – The U.S. & Canada; Europe – Germany, France, The UK, Spain, Italy, Russia, Netherlands & Rest of Europe; APAC- China, Japan, South Korea, India, Australia, New Zealand, Singapore, Thailand, Vietnam & Rest of APAC; Latin America- Brazil, Mexico & Rest of Latin America; Middle East & Africa- South Africa, Saudi Arabia, UAE & Rest of MEA Competitive Landscape Acrelec, AURES Group, HM Electronics, Hewlett Packard Development LP, NCR Corp., Oracle, Presto Group, Qu Inc., Quail Digital, Revel Systems, Toast Inc., Toshiba Corp., Other Key Players Customization Scope Customization for segments and region/country level will be provided. Moreover, additional customization can be done based on the requirements. Purchase Options We have three licenses to opt for: Single User License, Multi-User License (Up to 5 Users), Corporate Use License (Unlimited User and Printable PDF) Frequently Asked Questions (FAQ)
What is a POS Terminal?A POS Terminal is a device used in retail and hospitality industries for processing transactions. It enables customers to make payments for goods and services and assists businesses in managing sales and inventory.
What is POS Terminal Market?The POS Terminal Market refers to the industry involved in the manufacturing, distribution, and utilization of Point of Sale (POS) terminals. These devices are used in various businesses to process transactions, including retail, hospitality, and healthcare.
How Big is the POS System Market?The Global POS Terminals Market is anticipated to be USD 234.8 billion by 2033. It is estimated to record a steady CAGR of 9.8% in the Forecast period 2023 to 2033. It is likely to total USD 92.2 billion in 2023.
What are 3 Benefits of a POS?Three benefits of a POS system include:
- Efficient Transactions: Speeds up the checkout process.
- Inventory Management: Helps track and manage stock.
- Accurate Reporting: Provides detailed sales and financial reports.
What is a POS Example?An example of a POS is a cash register or a modern POS system with a touchscreen display used in a retail store to process customer transactions.
What are 2 Uses of POS?Two common uses of POS systems are:
- Transaction Processing: Facilitating sales transactions efficiently.
- Inventory Management: Keeping track of stock levels and reordering as necessary.
- Acrelec
- AURES Group
- HM Electronics
- Hewlett Packard Development LP
- NCR Corp.
- Oracle Corporation Company Profile
- Presto Group
- Qu Inc.
- Quail Digital
- Revel Systems
- Toast Inc.
- Toshiba Corp.
- Other Key Players
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