POS Terminal Market Overview

The report is titled' ‘POS Terminal Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the POS terminal market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The POS terminal market is expected to grow at a significant rate in the near future.

The POS terminal market size was valued at US$ 58.6 Bn in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 11.5% from 2020 to 2028

POS Terminal Market Definition

 A point-of-sale terminal is an electronic device that processes card payments at retail locations. The function of a POS device is to read the information of the credit or debit card provided by the customer, check the available balance in the bank account of an individual, transfer the funds from the buyer’s bank account to the seller’s account, records the transaction and print the receipt of the same. Increasing shopping activities coupled with digitalization are responsible for boosting the demand for POS terminals shortly.

POS Terminal Market Dynamics

The growth factors supporting the POS terminal market shares accounting for the acceptance of EMV cards and NFC/contactless payments across the globe. Besides, the growing graph of online payments in an upward direction, production of RFID tags, and advancements in POS terminal machines are also expected to augment business growth during the forecast years. For instance, in February 2021, a total count of 5,814,854 POS transactions was registered by the Reserve Bank of India.

In addition, the infrastructure development coupled with the upsurge in mobile POS terminals in underdeveloped or developing regions is another milestone supporting the growth of the market in the next decade. Furthermore, the flourishing retail industries vertical across the globe is also expected to cater to the demand for POS terminals.

On the other hand, the data security issues and privacy concerns related to these devices may pull back the business growth in a negative direction. Based on geographies, the Asia Pacific region is calculated to be the fastest-growing segment, owing to the rising government initiatives to support a cashless economy, which in turn boosts the demand for POS terminals in these regions.

POS Terminal Market Segmentation

The global POS Terminal market is segmented based on product, component, deployment, application, and region. On the basis of product, the POS terminal market is segmented into fixed and mobile. Based on components, the market is fragmented into hardware, software, and services. The deployment segment is divided into cloud and on-premise. Lastly, based on application, the market is divided into restaurants, hospitality, healthcare, retail, warehouse, entertainment, and others.

By Product

Fixed

Mobile

By Component

Hardware

Software

Services

By Deployment

Cloud

On-premise

By Application

Restaurants

Hospitality

Healthcare

Retail

Warehouse

Entertainment

Others

By Region

North America

Latin America

Africa

Europe

Asia Pacific

Middle East

POS Terminal Market Key Players

The global POS Terminal market is dominated by Cisco Systems, Inc., Centerm Information Co., Ltd., Diebold Nixdorf, Incorporated, Hewlett-Packard Inc., Hisense, Ingenico, NCR Corporation, NEC Corporation, Newland Payment Technology, Oracle Corporation, Panasonic Corporation, PAX Technology Corp., Posiflex Technology, Inc., Samsung Electronics Co., Ltd., SZZT Electronics Co., Ltd., Toshiba Corporation, and VeriFone Systems Inc.

MMC Overview on POS Terminal Market Report

The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.

A research report on the POS terminal market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.

Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth include (but not restricted to):

New product designs and launches

Current product compliance

Reimbursement

Concerns for use of POS Terminal

Advantages of POS Terminal

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at the regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make informed decisions.

A mix of the top-down and bottom-up approach is followed to arrive at and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, its product sales, previous growth rates, and market expansion plans are considered to generate market share in the global market.

1.    Global POS Terminal Market Report Overview

1.1.    Introduction

1.2.    Report Description

1.3.    Methodology

2.    Global POS Terminal Market Overview

2.1.    Introduction

2.1.1.    Market Definition

2.1.2.    Market Taxonomy

2.2.    Executive Summary

2.3.    Global POS Terminal Market Snapshot

2.4.    Global POS Terminal Market Size and Forecast, 2020–2028

2.4.1.    Introduction

2.4.2.    Market Value Forecast and Annual Growth Rate (AGR) Comparison (2020–2028)

2.5.    Global POS Terminal Market Dynamics

2.5.1.    Drivers

2.5.2.    Restraints

2.5.3.    Opportunity

2.5.4.    Trends

2.6.    Porter’s Five Forces Model

2.7.    Market SWOT Analysis

3.    POS Terminal Assessment and Analysis

3.1.    Impact Analysis

3.2.    Actions to encourage use of POS Terminal

3.3.    Road Map Analysis

3.4.    Potential Analysis 

4.    Covid-19 Impact on POS Terminal Market 

5.    Global POS Terminal Market, By Product

5.1.    Introduction

5.1.1.    Annual Growth Rate Comparison, By Product

5.1.2.    BPS Analysis, By Product

5.2.    Market Revenue (US$Mn) Forecast, By Product

5.2.1.    Fixed

5.2.2.    Mobile

5.3.    Global POS Terminal Market Attractiveness Index, By Product

6.    Global POS Terminal Market, By Component

6.1.    Introduction

6.1.1.    Annual Growth Rate Comparison, By Component

6.1.2.    BPS Analysis, By Component

6.2.    Market Revenue (US$Mn) Forecast, By Component

6.2.1.    Hardware

6.2.2.    Software

6.2.3.    Services

6.3.    Global POS Terminal Market Attractiveness Index, By Component

7.    Global POS Terminal Market, By Deployment

7.1.    Introduction

7.1.1.    Annual Growth Rate Comparison, By Deployment

7.1.2.    BPS Analysis, By Deployment

7.2.    Market Revenue (US$Mn) Forecast, By Deployment

7.2.1.    Cloud

7.2.2.    On-premise

7.3.    Global POS Terminal Market Attractiveness Index, By Deployment

8.    Global POS Terminal Market, By Application

8.1.    Introduction

8.1.1.    Annual Growth Rate Comparison, By Application

8.1.2.    BPS Analysis, By Application

8.2.    Market Revenue (US$Mn) Forecast, By Application

8.2.1.    Restaurants

8.2.2.    Hospitality

8.2.3.    Healthcare

8.2.4.    Retail

8.2.5.    Warehouse

8.2.6.    Entertainment

8.2.7.    Others

8.3.    Global POS Terminal Market Attractiveness Index, By Application

9.    Global POS Terminal Market, By Region

9.1.    Introduction

9.1.1.    Annual Growth Rate Comparison, By Region

9.1.2.    BPS Analysis, By Region

9.2.    Market Revenue (US$Mn) Forecast, By Region

9.2.1.    North America

9.2.2.    Latin America

9.2.3.    Europe

9.2.4.    Asia Pacific

9.2.5.    Middle East 

9.2.6.    Africa

9.3.    Global POS Terminal Market Attractiveness Index, By Region

10.    North America POS Terminal Market Analysis and Forecast, 2020–2028

10.1.    Introduction

10.1.1.    Annual Growth Rate Comparison, By Country

10.1.2.    BPS Analysis, By Country

10.2.    Market Revenue (US$Mn) Forecast, By Country

10.2.1.    U.S. POS Terminal Market

10.2.2.    Canada POS Terminal Market

10.3.    North America POS Terminal Market, By Product

10.3.1.    Fixed

10.3.2.    Mobile

10.4.    North America POS Terminal Market, By Component

10.4.1.    Hardware

10.4.2.    Software

10.4.3.    Services

10.5.    North America POS Terminal Market, By Deployment

10.5.1.    Cloud

10.5.2.    On-premise

10.6.    North America POS Terminal Market, By Application

10.6.1.    Restaurants

10.6.2.    Hospitality

10.6.3.    Healthcare

10.6.4.    Retail

10.6.5.    Warehouse

10.6.6.    Entertainment

10.6.7.    Others

10.7.    North America POS Terminal Market Attractiveness Index

10.7.1.    By Country

10.7.2.    By Product

10.7.3.    By Component

10.7.4.    By Deployment 

10.7.5.    By Application

11.    Latin America POS Terminal Market Analysis and Forecast, 2020–2028

11.1.    Introduction

11.1.1.    Annual Growth Rate Comparison, By Country

11.1.2.    BPS Analysis, By Country

11.2.    Market Revenue (US$Mn) Forecast, By Country

11.2.1.    Brazil POS Terminal Market

11.2.2.    Mexico POS Terminal Market

11.2.3.    Argentina POS Terminal Market

11.2.4.    Rest of Latin America POS Terminal Market

11.3.    Latin America POS Terminal Market, By Product

11.3.1.    Fixed

11.3.2.    Mobile

11.4.    Latin America POS Terminal Market, By Component

11.4.1.    Hardware

11.4.2.    Software

11.4.3.    Services

11.5.    Latin America POS Terminal Market, By Deployment

11.5.1.    Cloud

11.5.2.    On-premise

11.6.    Latin America POS Terminal Market, By Application

11.6.1.    Restaurants

11.6.2.    Hospitality

11.6.3.    Healthcare

11.6.4.    Retail

11.6.5.    Warehouse

11.6.6.    Entertainment

11.6.7.    Others

11.7.    Latin America POS Terminal Market Attractiveness Index

11.7.1.    By Country

11.7.2.    By Product

11.7.3.    By Component

11.7.4.    By Deployment 

11.7.5.    By Application

12.    Europe POS Terminal Market Analysis and Forecast, 2020–2028

12.1.    Introduction

12.1.1.    Annual Growth Rate Comparison, By Country

12.1.2.    BPS Analysis, By Country

12.2.    Market Revenue (US$Mn) Forecast, By Country

12.2.1.    U.K. POS Terminal Market

12.2.2.    Germany POS Terminal Market

12.2.3.    Italy POS Terminal Market

12.2.4.    France POS Terminal Market

12.2.5.    Spain POS Terminal Market

12.2.6.    Russia POS Terminal Market

12.2.7.    Poland POS Terminal Market

12.2.8.    BENELUX POS Terminal Market

12.2.9.    NORDIC POS Terminal Market

12.2.10.    Rest of Europe POS Terminal Market

12.3.    Europe POS Terminal Market, By Product

12.3.1.    Fixed

12.3.2.    Mobile

12.4.    Europe POS Terminal Market, By Component

12.4.1.    Hardware

12.4.2.    Software

12.4.3.    Services

12.5.    Europe POS Terminal Market, By Deployment

12.5.1.    Cloud

12.5.2.    On-premise

12.6.    Europe POS Terminal Market, By Application

12.6.1.    Restaurants

12.6.2.    Hospitality

12.6.3.    Healthcare

12.6.4.    Retail

12.6.5.    Warehouse

12.6.6.    Entertainment

12.6.7.    Others

12.7.    Europe POS Terminal Market Attractiveness Index

12.7.1.    By Country

12.7.2.    By Product

12.7.3.    By Component

12.7.4.    By Deployment 

12.7.5.    By Application

13.    Asia Pacific POS Terminal Market Analysis and Forecast, 2020–2028

13.1.    Introduction

13.1.1.    Annual Growth Rate Comparison, By Country

13.1.2.    BPS Analysis, By Country

13.2.    Market Revenue (US$Mn) Forecast, By Country

13.2.1.    China POS Terminal Market

13.2.2.    India POS Terminal Market

13.2.3.    Japan POS Terminal Market

13.2.4.    Australia And New Zealand POS Terminal Market

13.2.5.    South Korea POS Terminal Market

13.2.6.    ASEAN POS Terminal Market

13.2.7.    Rest of Asia Pacific POS Terminal Market

13.3.    Asia Pacific POS Terminal Market, By Product

13.3.1.    Fixed

13.3.2.    Mobile

13.4.    Asia Pacific POS Terminal Market, By Component

13.4.1.    Hardware

13.4.2.    Software

13.4.3.    Services

13.5.    Asia Pacific POS Terminal Market, By Deployment

13.5.1.    Cloud

13.5.2.    On-premise

13.6.    Asia Pacific POS Terminal Market, By Application

13.6.1.    Restaurants

13.6.2.    Hospitality

13.6.3.    Healthcare

13.6.4.    Retail

13.6.5.    Warehouse

13.6.6.    Entertainment

13.6.7.    Others

13.7.    Asia Pacific POS Terminal Market Attractiveness Index

13.7.1.    By Country

13.7.2.    By Product

13.7.3.    By Component

13.7.4.    By Deployment 

13.7.5.    By Application

14.    Middle East POS Terminal Market, By Region

14.1.    Introduction

14.1.1.    Annual Growth Rate Comparison, By Country

14.1.2.    BPS Analysis, By Country

14.2.    Market Revenue (US$Mn) Forecast, By Country

14.2.1.    GCC Countries POS Terminal Market

14.2.2.    Israel POS Terminal Market

14.2.3.    Oman POS Terminal Market

14.2.4.    Rest of Middle East POS Terminal Market

14.3.    Middle East POS Terminal Market, By Product

14.3.1.    Fixed

14.3.2.    Mobile

14.4.    Middle East POS Terminal Market, By Component

14.4.1.    Hardware

14.4.2.    Software

14.4.3.    Services

14.5.    Middle East POS Terminal Market, By Deployment

14.5.1.    Cloud

14.5.2.    On-premise

14.6.    Middle East POS Terminal Market, By Application

14.6.1.    Restaurants

14.6.2.    Hospitality

14.6.3.    Healthcare

14.6.4.    Retail

14.6.5.    Warehouse

14.6.6.    Entertainment

14.6.7.    Others

14.7.    Middle East POS Terminal Market Attractiveness Index

14.7.1.    By Country

14.7.2.    By Product

14.7.3.    By Component

14.7.4.    By Deployment 

14.7.5.    By Application

15.    Africa POS Terminal Market, By Region

15.1.    Introduction

15.1.1.    Annual Growth Rate Comparison, By Country

15.1.2.    BPS Analysis, By Country

15.2.    Market Revenue (US$Mn) Forecast, By Country

15.2.1.    South Africa POS Terminal Market

15.2.2.    Egypt POS Terminal Market

15.2.3.    North Africa POS Terminal Market

15.2.4.    Rest of Africa POS Terminal Market

15.3.    Africa POS Terminal Market, By Product

15.3.1.    Fixed

15.3.2.    Mobile

15.4.    Africa POS Terminal Market, By Component

15.4.1.    Hardware

15.4.2.    Software

15.4.3.    Services

15.5.    Africa POS Terminal Market, By Deployment

15.5.1.    Cloud

15.5.2.    On-premise

15.6.    Africa POS Terminal Market, By Application

15.6.1.    Restaurants

15.6.2.    Hospitality

15.6.3.    Healthcare

15.6.4.    Retail

15.6.5.    Warehouse

15.6.6.    Entertainment

15.6.7.    Others

15.7.    Africa POS Terminal Market Attractiveness Index

15.7.1.    By Country

15.7.2.    By Product

15.7.3.    By Component

15.7.4.    By Deployment 

15.7.5.    By Application

16.    Recommendation

16.1.    Market Strategy

17.    Competitive Landscape

17.1.    Competition Dashboard

17.2.    List and Company Overview of Global Key Players

17.3.    Company Profiles

17.3.1.    Cisco Systems, Inc.

17.3.1.1.    Company Overview

17.3.1.2.    Financial Overview

17.3.1.3.    Product Portfolio

17.3.1.4.    Key Developments

17.3.1.5.    Business Strategies

17.3.2.    Centerm Information Co., Ltd.

17.3.3.    Diebold Nixdorf, Incorporated

17.3.4.    Hewlett-Packard Inc.

17.3.5.    Hisense

17.3.6.    Ingenico 

17.3.7.    NCR Corporation

17.3.8.    NEC Corporation

17.3.9.    Newland Payment Technology

17.3.10.    Oracle Corporation

17.3.11.    Panasonic Corporation

17.3.12.    PAX Technology Corp.

17.3.13.    Posiflex Technology, Inc.

17.3.14.    Samsung Electronics Co., Ltd.

17.3.15.    SZZT Electronics Co., Ltd.

17.3.16.    Toshiba Corporation

17.3.17.    VeriFone Systems Inc.

18.    Acronyms