Point of Sale Terminals Market Size, Share, and Trends

Point of Sale Terminals Market (By Product: Fixed, Mobile; By Component: Hardware, Software, Services; By Deployment: On premise, Cloud; End User: Restaurants, Retail, Hospitality, Healthcare, Warehouse, Entertainment, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2032

  • Last Updated : January 2024
  • Report Code : 1977
  • Category : Semiconductor and Electronic

Point of Sale Terminals Market Size to Reach USD 200.85Bn by 2032

The global point-of-sale terminals market size was estimated at USD 89.7 billion in 2023 and is expected to surpass around USD 200.85 billion by 2032, poised to grow at a compound annual growth rate (CAGR) of 9.4% during the forecast period 2023 to 2032.

Point of Sale Terminals Market Size 2023 To 2032

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Key Takeaways:

  • The U.S. POS terminals market segment is expected to grow at a CAGR of 16% from 2023 to 2032.
  • The supermarkets/hypermarkets segment is anticipated to hit at a CAGR of 8.6% over the forecast period.
  • The healthcare segment is expected to reach a CAGR of 9.6% from 2023 to 2032.
  • Asia Pacific region held a market share of over 41% in 2022.

Point of Sale Terminals Market in the Asia Pacific 2023 To 2032

The Asia Pacific point-of-sale terminals market size was valued at USD 38.40 billion in 2023 and is expected to reach USD 86.90 billion by 2032, growing at a CAGR of 9.50% from 2023 to 2032.

Asia Pacific Point of Sale Terminals Market Size 2023 to 2032

The Asia Pacific region will grow well during the forecast period. The supportive initiatives taken by the governments in this region will drive the market growth. There is a great demand for the digital payment methods in this region and it is expected to provide better opportunities for them point-of-sales terminal products. There's a great demand for digital payments through the countries like India, China as well as Japan.

North American region is also expected to witness a good amount of growth 5.2% in the coming year. Demand for contactless payments and cashless services.

Point of Sale Terminals Market Share, By Region, 2022 (%)

Regions Revenue Share in 2022 (%)
North America 27%
Asia Pacific 41%
Europe 22%
Latin America 6%
MEA 4%

 

Market Overview

The point-of-sale terminals market has grown in the recent years due to a greater demand for the contactless payments. The outbreak of the COVID-19 pandemic has been extremely beneficial in encouraging these types of payments. It is helpful in providing contactless payments for the different types of products and services. This market is expected to grow well during the forecast period due to an increased use and availability of the smartphones with the customers in the developed as well as the developing nations. Increased use of the point-of-sale terminals through the mobile phone will drive the market growth during the forecast period.

As the return on investment provided by the use of these dominance is expected to grow the market shall be favorable in the coming years. Also, there is an increased use of point-of-sales terminals which has been extremely beneficial in managing the employee and in managing the customer. Increased use of the point-of-sale terminals also helps in keeping a check on the inventory. It also helps in the integration of the in-store sales as well as the online sales. Wireless devices are used in the point-of-sales terminal system in order to make experience for various dreams as well as food. That has been increased use of the point-of-sale terminals technology for payment in hospitals and many other places. They are also used for making the payments of the rental cabs as well as the restaurants. Companies are adopting the point-of-sale terminals in order to boost the sales by accepting the payments online.

The retail sector as well as the hospitality sector is promoting the use of the point-of-sale terminals. Due to an incorporation of this technology the need for a large number of people being hired in different types of operations in a manufacturing company. As the critical information is stored and used on these terminals one of the major challenges that this industry faces are that of the security. Constant use of Internet and the network makes this product prone to cyber-attacks. The breach of security in this case could lead to the usage of the cards that are previously used for making the payments.

The COVID-19 pandemic had a negative effect on the point-of-sale terminals market in the developing as well as the developed economies. Due to a disruption in the supply chain and logistics many losses were incurred by the major companies. after the pandemic most of the industries we will again move towards accepting the payments in the cashless or contactless modes. The social distancing norms and the restrictions that were laid down during the lockdown the market had seen slow growth. The demand for the point-of-sales terminals had also dropped. After the pandemic there has been a major shift in the habits of the consumers. Most of the consumers are seeking menu boards in a digital format in the restaurants. There is a growing demand for artificial intelligence in various services. The point-of-sales terminals are expected to grow during the forecast. In the sectors like the restaurants, hospitals as well as the entertainment places.

Point of Sale Terminals Market Scope

Report Coverage Details
Growth Rate from 2023 to 2032 CAGR of 9.4%
Market Size in 2023 USD 89.7 Billion
Market Size by 2032 USD 200.85 Billion
Base Year 2022
Forecast Period 2023 to 2032
Segments Covered Product, Component, Deployment, End User, Geography
Companies Mentioned

Presto, Acrelec, Toshiba corporation, Quail digital, Oracle Corporation


Growth Factors

The availability of the point-of-sales terminals through the use of the mobile phones on the smartphones will drive the market growth in the coming years. After the pandemic the demand for contactless and cashless payments has grown to a large extent which is expected to drive the market growth in the coming years. These systems have offered or favorable return on investment due to which the market is expected to grow during the forecast period. The adoption of this product is expected to grow as DM ploy ease as well as the consumers can see the benefits offered by the use of this product. It helps in tracking the inventory and it provides a platform to understand the in-store sales as well as the online sales. The availability of wireless communication modes that are offered at affordable rates will drive the market growth during the forecast period.

Payments are made through the use of different wireless devices for the products and the services that are utilized by the consumers. There is a growth in the usage of this technology in restaurants hospitals and even renting the cabs. It is extremely helpful in accounting as well as managing the inventory. It helps in tracking the sales through the online mode or the offline mode. There is a growth in the usage of this technology due to the efficiency and the reliability provided by the product. Major service outlets are relying on this product. there is a growing demand for this product as there have been major advancements in the use of the technology which was initially only transaction based it has now become a financial solution to the companies due to the integration of the CRM.

The advancements in this product has helped in cleverly managing the business. This product is available at less cost of maintenance and it keeps tracks of all the transactions mail. The availability of the real time data is one of the advantages of this system and the market is expected to grow during the forecast period. Many major companies are making use of this system instead of the billing software’s that they previously used. The availability of the peso terminals through a touch screen mode will be more user friendly. This will also help in ensuring less energy consumption during the usage of this terminal. there are a large number of services provided by various manufacturers in the form of or lease contract. Across the developing nations as well as the developed nations the COVID-19 pandemic has created a change in the outlook of the consumers.

Product Insights

By product, the fixed product segment held the market share of about 54% in 2022. It shall maintain its position in the coming years. the bigger vendors have created a larger demand for the fixed POS terminals and one of the reasons for doing so is the amount of the installation required and it supports the growth of the market. as there are many risks associated with the usage of the cloud data there is a greater demand for the service is on premises. Major vendors are seeking the installation of these terminals at their own sites. As this helps in providing better security. There are many other functions provided by this system like printing bills managing the inventory, customer relationship management and supporting the device is used for making the payments.

The mobile product segment is also expected to grow at a compound annual growth rate of 11% over the forecast period. Increased use of smartphones under easy access has led to the adoption of the mobile point-of-sales terminal. This mode of payment is on easy mode and extremely convenient. It also helps in enhancing the customer satisfaction as this online payment method helps in reducing the amount of time spent in the queues. the output and the efficiency of the restaurants has increased to a great extent and the restaurants are able to provide quality experience to its customers all of these factors will drive the market growth during the forecast period.

Component Insights

On the basis of component, the hardware segment will dominate the market and it is expected to account to 61% of the market share. The hardware segment involves a lot of hardware devices. Day to day activities are managed with the use of these hardware devices. These hardware devices are an integral part of the fixed terminal system.

Point of Sale Terminals Market Share, By Component, 2022 (%)

The software segment is anticipated to reach at a CAGR of 10.5% during the forecast period. The software segment is expected to grow as it is helpful in providing analysis of the sales, it provides the function of data support and many other multifunctional features. In order to perform various functions different software are provided by the companies.

Deployment Insights

On the basis of the deployment, the cloud segment will dominate the market in the coming year. It is expected to grow at a higher compound annual growth rate 11.2% from 2023 to 2032. Instead of owning the entire system many consumers prefer the services on the basis of the subscription.

The expense is used in setting up a fixed product is reduced to a great extent and it is extremely helpful for many restaurants and other areas. The installation process is extremely lengthy and involves a heavy cost. Most of the companies have adopted the cloud-based product as it offers a large range of benefits. The cloud-based product is extremely efficient in providing updates and improving the process by enhancing the experience of the user.

End User Insights

The retail segment dominated the market with revenue share of 39% in 2022. The retail segment is expected to grow well during the forecast. Due to the integration of the point-of-sales system. There is a growing demand for this product as it is extremely helpful in saving time. Major delays already used to a great extent due to the use of this system.

The retail segment includes older brick and mortar stores. The introduction of the new technology which is of mobile wallet the market will grow well. It shall be helpful in providing and increasing the penetration in the market.

Key Market Developments

By enhancing the capabilities of the iPhone provided by apple there shall be improvements by offering the contactless payment options. This new development shall be beneficial to the merchants. It also limits the use of any additional hardware.

Point of Sale Terminals Market Players

  • Presto
  • Acrelec
  • Toshiba corporation
  • Quail digital
  • Oracle Corporation

Segments covered in the report

By Product

  • Fixed
    • Kiosks
    • Others
  • Mobile  
    • Tablet
    • Others

By Component

  • Hardware
  • Software
  • Services

By Deployment

  • On premise
  • Cloud

By End User

  • Restaurants
    • FSR
      • Fine Dine
      • Casual Dine
    • QSR
      • Drive-Thru
      • Others
    • Institutional
    • Fast Casual
      • Drive-Thru
      • Others
    • Others
  • Retail
    • Supermarkets/Hypermarkets
    • Convenience Stores
    • Grocery Stores
    • Specialty Stores
    • Gas Stations
    • Others
  • Hospitality
    • Spas
    • Hotels
    • Resorts
  • Healthcare
    • Pharmacies
    • Others
  • Warehouse
  • Entertainment
    • Cruise Lines/Ships
    • Cinemas
    • Casinos
    • Golf Clubs
    • Stadiums
    • Amusement Parks
  • Others

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Malaysia
    • Philippines
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC
    • North Africa
    • South Africa
    • Rest of the Middle East & Africa

Frequently Asked Questions

The global point-of-sale terminals market size was accounted at USD 89.7 billion in 2023 and it is expected to reach around USD 200.85 billion by 2032.

The global point-of-sale terminals market is poised to grow at a CAGR of 9.4% from 2023 to 2032.

The major players operating in the point-of-sale terminals market are Presto, Acrelec, Toshiba corporation, Quail digital, Oracle Corporation

Making the payment options cashless and contactless there are many other functions provided by these systems. It helps in managing the inventory, it helps in keeping a track of the sales, and it is also extremely beneficial in analyzing the financial situation. All of these factors are expected to drive the market growth of the system in the coming years period

Asia Pacific region will lead the global point-of-sale terminals market during the forecast period 2023 to 2032.

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Point of Sale Terminals Market 

5.1. COVID-19 Landscape: Point of Sale Terminals Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Point of Sale Terminals Market, By Product

8.1. Point of Sale Terminals Market, by Product, 2023-2032

8.1.1. Fixed

8.1.1.1. Market Revenue and Forecast (2021-2032)

8.1.2. Mobile

8.1.2.1. Market Revenue and Forecast (2021-2032)

Chapter 9. Global Point of Sale Terminals Market, By Component

9.1. Point of Sale Terminals Market, by Component, 2023-2032

9.1.1. Hardware

9.1.1.1. Market Revenue and Forecast (2021-2032)

9.1.2. Software

9.1.2.1. Market Revenue and Forecast (2021-2032)

9.1.3. Services

9.1.3.1. Market Revenue and Forecast (2021-2032)

Chapter 10. Global Point of Sale Terminals Market, By Deployment 

10.1. Point of Sale Terminals Market, by Deployment, 2023-2032

10.1.1. On premise

10.1.1.1. Market Revenue and Forecast (2021-2032)

10.1.2. Cloud

10.1.2.1. Market Revenue and Forecast (2021-2032)

Chapter 11. Global Point of Sale Terminals Market, By End User 

11.1. Point of Sale Terminals Market, by End User, 2023-2032

11.1.1. Restaurants

11.1.1.1. Market Revenue and Forecast (2021-2032)

11.1.2. Retail

11.1.2.1. Market Revenue and Forecast (2021-2032)

11.1.3. Hospitality

11.1.3.1. Market Revenue and Forecast (2021-2032)

11.1.4. Warehouse

11.1.4.1. Market Revenue and Forecast (2021-2032)

11.1.5. Entertainment

11.1.5.1. Market Revenue and Forecast (2021-2032)

11.1.6. Others

11.1.6.1. Market Revenue and Forecast (2021-2032)

Chapter 12. Global Point of Sale Terminals Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Forecast, by Product (2021-2032)

12.1.2. Market Revenue and Forecast, by Component (2021-2032)

12.1.3. Market Revenue and Forecast, by Deployment (2021-2032)

12.1.4. Market Revenue and Forecast, by End User (2021-2032)

12.1.5. U.S.

12.1.5.1. Market Revenue and Forecast, by Product (2021-2032)

12.1.5.2. Market Revenue and Forecast, by Component (2021-2032)

12.1.5.3. Market Revenue and Forecast, by Deployment (2021-2032)

12.1.5.4. Market Revenue and Forecast, by End User (2021-2032)

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Forecast, by Product (2021-2032)

12.1.6.2. Market Revenue and Forecast, by Component (2021-2032)

12.1.6.3. Market Revenue and Forecast, by Deployment (2021-2032)

12.1.6.4. Market Revenue and Forecast, by End User (2021-2032)

12.2. Europe

12.2.1. Market Revenue and Forecast, by Product (2021-2032)

12.2.2. Market Revenue and Forecast, by Component (2021-2032)

12.2.3. Market Revenue and Forecast, by Deployment (2021-2032)

12.2.4. Market Revenue and Forecast, by End User (2021-2032)

12.2.5. UK

12.2.5.1. Market Revenue and Forecast, by Product (2021-2032)

12.2.5.2. Market Revenue and Forecast, by Component (2021-2032)

12.2.5.3. Market Revenue and Forecast, by Deployment (2021-2032)

12.2.5.4. Market Revenue and Forecast, by End User (2021-2032)

12.2.6. Germany

12.2.6.1. Market Revenue and Forecast, by Product (2021-2032)

12.2.6.2. Market Revenue and Forecast, by Component (2021-2032)

12.2.6.3. Market Revenue and Forecast, by Deployment (2021-2032)

12.2.6.4. Market Revenue and Forecast, by End User (2021-2032)

12.2.7. France

12.2.7.1. Market Revenue and Forecast, by Product (2021-2032)

12.2.7.2. Market Revenue and Forecast, by Component (2021-2032)

12.2.7.3. Market Revenue and Forecast, by Deployment (2021-2032)

12.2.7.4. Market Revenue and Forecast, by End User (2021-2032)

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Forecast, by Product (2021-2032)

12.2.8.2. Market Revenue and Forecast, by Component (2021-2032)

12.2.8.3. Market Revenue and Forecast, by Deployment (2021-2032)

12.2.8.4. Market Revenue and Forecast, by End User (2021-2032)

12.3. APAC

12.3.1. Market Revenue and Forecast, by Product (2021-2032)

12.3.2. Market Revenue and Forecast, by Component (2021-2032)

12.3.3. Market Revenue and Forecast, by Deployment (2021-2032)

12.3.4. Market Revenue and Forecast, by End User (2021-2032)

12.3.5. India

12.3.5.1. Market Revenue and Forecast, by Product (2021-2032)

12.3.5.2. Market Revenue and Forecast, by Component (2021-2032)

12.3.5.3. Market Revenue and Forecast, by Deployment (2021-2032)

12.3.5.4. Market Revenue and Forecast, by End User (2021-2032)

12.3.6. China

12.3.6.1. Market Revenue and Forecast, by Product (2021-2032)

12.3.6.2. Market Revenue and Forecast, by Component (2021-2032)

12.3.6.3. Market Revenue and Forecast, by Deployment (2021-2032)

12.3.6.4. Market Revenue and Forecast, by End User (2021-2032)

12.3.7. Japan

12.3.7.1. Market Revenue and Forecast, by Product (2021-2032)

12.3.7.2. Market Revenue and Forecast, by Component (2021-2032)

12.3.7.3. Market Revenue and Forecast, by Deployment (2021-2032)

12.3.7.4. Market Revenue and Forecast, by End User (2021-2032)

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Forecast, by Product (2021-2032)

12.3.8.2. Market Revenue and Forecast, by Component (2021-2032)

12.3.8.3. Market Revenue and Forecast, by Deployment (2021-2032)

12.3.8.4. Market Revenue and Forecast, by End User (2021-2032)

12.4. MEA

12.4.1. Market Revenue and Forecast, by Product (2021-2032)

12.4.2. Market Revenue and Forecast, by Component (2021-2032)

12.4.3. Market Revenue and Forecast, by Deployment (2021-2032)

12.4.4. Market Revenue and Forecast, by End User (2021-2032)

12.4.5. GCC

12.4.5.1. Market Revenue and Forecast, by Product (2021-2032)

12.4.5.2. Market Revenue and Forecast, by Component (2021-2032)

12.4.5.3. Market Revenue and Forecast, by Deployment (2021-2032)

12.4.5.4. Market Revenue and Forecast, by End User (2021-2032)

12.4.6. North Africa

12.4.6.1. Market Revenue and Forecast, by Product (2021-2032)

12.4.6.2. Market Revenue and Forecast, by Component (2021-2032)

12.4.6.3. Market Revenue and Forecast, by Deployment (2021-2032)

12.4.6.4. Market Revenue and Forecast, by End User (2021-2032)

12.4.7. South Africa

12.4.7.1. Market Revenue and Forecast, by Product (2021-2032)

12.4.7.2. Market Revenue and Forecast, by Component (2021-2032)

12.4.7.3. Market Revenue and Forecast, by Deployment (2021-2032)

12.4.7.4. Market Revenue and Forecast, by End User (2021-2032)

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Forecast, by Product (2021-2032)

12.4.8.2. Market Revenue and Forecast, by Component (2021-2032)

12.4.8.3. Market Revenue and Forecast, by Deployment (2021-2032)

12.4.8.4. Market Revenue and Forecast, by End User (2021-2032)

12.5. Latin America

12.5.1. Market Revenue and Forecast, by Product (2021-2032)

12.5.2. Market Revenue and Forecast, by Component (2021-2032)

12.5.3. Market Revenue and Forecast, by Deployment (2021-2032)

12.5.4. Market Revenue and Forecast, by End User (2021-2032)

12.5.5. Brazil

12.5.5.1. Market Revenue and Forecast, by Product (2021-2032)

12.5.5.2. Market Revenue and Forecast, by Component (2021-2032)

12.5.5.3. Market Revenue and Forecast, by Deployment (2021-2032)

12.5.5.4. Market Revenue and Forecast, by End User (2021-2032)

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Forecast, by Product (2021-2032)

12.5.6.2. Market Revenue and Forecast, by Component (2021-2032)

12.5.6.3. Market Revenue and Forecast, by Deployment (2021-2032)

12.5.6.4. Market Revenue and Forecast, by End User (2021-2032)

Chapter 13. Company Profiles

13.1. Presto

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. Acrelec

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. Toshiba corporation

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. Quail digital

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. Oracle Corporation

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

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