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$Mn) Forecast, By Country
15.2.1. South Africa POS Terminal Market
15.2.2. Egypt POS Terminal Market
15.2.3. North Africa POS Terminal Market
15.2.4. Rest of Africa POS Terminal Market
15.3. Africa POS Terminal Market, By Product
15.3.1. Fixed
15.3.2. Mobile
15.4. Africa POS Terminal Market, By Component
15.4.1. Hardware
15.4.2. Software
15.4.3. Services
15.5. Africa POS Terminal Market, By Deployment
15.5.1. Cloud
15.5.2. On-premise
15.6. Africa POS Terminal Market, By Application
15.6.1. Restaurants
15.6.2. Hospitality
15.6.3. Healthcare
15.6.4. Retail
15.6.5. Warehouse
15.6.6. Entertainment
15.6.7. Others
15.7. Africa POS Terminal Market Attractiveness Index
15.7.1. By Country
15.7.2. By Product
15.7.3. By Component
15.7.4. By Deployment
15.7.5. By Application
16. Recommendation
16.1. Market Strategy
17. Competitive Landscape
17.1. Competition Dashboard
17.2. List and Company Overview of Global Key Players
17.3. Company Profiles
17.3.1. Cisco Systems, Inc.
17.3.1.1. Company Overview
17.3.1.2. Financial Overview
17.3.1.3. Product Portfolio
17.3.1.4. Key Developments
17.3.1.5. Business Strategies
17.3.2. Centerm Information Co., Ltd.
17.3.3. Diebold Nixdorf, Incorporated
17.3.4. Hewlett-Packard Inc.
17.3.5. Hisense
17.3.6. Ingenico
17.3.7. NCR Corporation
17.3.8. NEC Corporation
17.3.9. Newland Payment Technology
17.3.10. Oracle Corporation
17.3.11. Panasonic Corporation
17.3.12. PAX Technology Corp.
17.3.13. Posiflex Technology, Inc.
17.3.14. Samsung Electronics Co., Ltd.
17.3.15. SZZT Electronics Co., Ltd.
17.3.16. Toshiba Corporation
17.3.17. VeriFone Systems Inc.
18. Acronyms
Frequently Asked Questions
What is the projected market size & Compound Annual Growth Rate (CAGR) of the market?
The POS terminal market size was valued at US$ 58.6 Bn in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 11.5% from 2020 to 2028
What are the key factors driving the growth of market?
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
What segments are covered in market report?
The global POS Terminal market is segmented based on product, component, deployment, application, and region.
What are the key participating players in the market?
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. are the key participating players in the market
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