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Point Of Sale (POS) Terminals Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2020 To 2028

  • ID: 5165456
  • Report
  • September 2020
  • Region: Global
  • 112 Pages
  • Acute Market Reports

FEATURED COMPANIES

  • Hewlett Packard
  • Ingenico S.A.
  • MICROS Systems Inc
  • Panasonic Corporation
  • PAX Technology Ltd
  • Toshiba Corporation
The Point of Sale (POS) terminal market has witnessed a dramatic turn-around and development with the advancement in technology and growth of POS terminal solutions. The POS terminals are slowly and steadily migrating towards digital format, with e-mailed receipts and electronic signature capture enabling paper free transactions. Increased adoption of credit and debit cards coupled with the escalating demand for POS terminals is driving the overall POS terminals market.

In addition, advancements in payment technologies and move towards EMV (Europay, MasterCard, Visa) chip card payment is expected to fuel market momentum in the coming years. These factors are cumulatively expected to contribute towards a compounded annual growth rate (CAGR) of 9.1% during 2020 - 2028. In recent years, the POS terminals market had been plagued by privacy and security concerns related to data breaches.

However, migration of the global payments industry towards more secure chip card technology is expected to subdue the impact of this challenge during the forecast period. The Point-of-Sale terminals market was valued at US$ 68.20 Bn in 2019 and is expected to reach US$ 149.35 Bn by 2028, expanding at a CAGR of 9.1% from 2020 to 2028.

Purpose of the Report

The purpose of this strategic research study titled “Global POS Terminals Market- Growth, Share, Opportunities, and Competitive Analysis, 2020 - 2028” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them to make informed strategic decisions regarding the opportunities in the global Point-of-Sale (POS) terminals market.

Target Audience
  • Industry Investors
  • POS Terminal Hardware Providers/Vendors
  • POS Terminal Software Providers
  • SMBs and Micro-merchants
  • Other End-users

USP and Key Offerings

The report titled “Global Point of Sale (POS) Terminals Market - Growth, Share, Opportunities, and Competitive Analysis, 2020 - 2028” offers strategic insights into the global POS terminals market along with the market size and estimates for the duration 2020 to 2028. The said research study covers in-depth analysis of multiple market segments based on product type, component, end-users, and cross-sectional study across different geographies. In order to help strategic decision-makers, the report also includes competitive profiling of the leading POS terminal vendors (both hardware and software), their expansion strategies, market positioning, and latest developments.

Other in-depth analyses provided in the report include:
  • Current and future market trends to justify the forthcoming attractive markets within POS terminal industry
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Trailing 2-Year market size data (2018 - 2019)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global POS terminal market, of growth, offering market size and estimates for the period from 2020 to 2028, keeping in mind the above-mentioned factors.

Product Segmentation Analysis

Based on different product types available in the market, the global Point of Sale (POS) terminals market is segmented into two following categories,
  • Mobile Point of Sale (mPOS) Terminals
  • Fixed Point of Sale (POS) Terminals

With the proliferation of smartphones, tablets, and other personal mobility devices, mobile POS terminals have gained traction. The mobile POS solutions are expected to complement and not replace the traditional/fixed POS terminals, thereby augmenting the functionality of traditional POS solutions.

In 2019, fixed POS terminals outnumbered mobile POS terminals in terms of both revenue and volume, accounting for over 55% of the global market revenue. However, the market for mobile POS terminals has witnessed a significant upsurge owing to superior benefits offered such as mobility, lower installation cost, and better return on investment as compared to their traditional counterparts. As a result, the market for mobile and wireless POS terminals is poised to witness healthy growth, growing at a CAGR of 13.1% during the forecast period.

End-use Segmentation Analysis

On the basis of end-use, the Point of Sale (POS) terminals market is categorized into the following categories:
  • Restaurants (Quick Serve Restaurants, Bars, Food Chains, etc.)
  • Hospitality (Lodging Establishments, Hotels, Motels, etc.)
  • Healthcare
  • Retail
  • Warehousing/Distribution
  • Entertainment
  • Others (Field Services, Government, Transportation, etc.)

Retail was the predominant end-use segment in the global Point of Sale (POS) terminals market, accounting for around one-third of the global market revenue in 2019. It is expected to retain its dominant position during the forecast period 2020 - 2028. Growing preference for mobile Point of Sale (mPOS) solutions is expected to drive the replacement demand across the retail sector. Furthermore, healthcare is slated to offer healthy growth opportunities, expanding at a CAGR of 15.3% during the forecast period. The demand for Point of Sale (POS) terminals in the healthcare segment is anticipated to be driven by the growing need for streamlining payment practices across the healthcare industry.

Based on component type, the global Point of Sale (POS) terminals market is segmented into the following categories
  • Point of Sale (POS) Terminal Hardware
  • Point of Sale (POS) Terminal Software

In 2019, the hardware components including tablets (generally an iPad), smartphone paired with a credit/debit card reader, complex terminal including monitor, barcode scanners, cash drawers, credit, and debit card scanner, mouse, keyboard, and printer accounted for the majority of the market revenue share. Although hardware segment is expected to remain the largest revenue contributor to the global POS terminals market, software segment is expected to witness comparatively higher growth over the forecast period 2020 -2028. The growth can be attributed to the advancements in cloud computing, resulting in increased use of software as a service (SaaS) platform-based POS systems.

On the basis of geography, the global Point of Sale (POS) terminals market is segmented into the following categories,
  • North America
  • U.S.
  • Canada
  • Europe
  • Uk
  • Germany
  • France
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • India
  • Rest of Asia Pacific
  • Rest of the World
  • Latin America
  • Middle East and Africa

In 2019, Asia Pacific was the largest Point of Sale (POS) terminals market, accounting for over 30% of the global market revenue. The region has ensured the leading market position owing to the regulated demand from established retail chains and the entertainment sector. However, Europe and Rest of World (RoW) are expected to exhibit comparatively superior growth during the forecast period 2020 - 2028 on account of expanding retail chains, quick-serve restaurant chains, and hospitality establishments in these regions. India, China, and Brazil are poised to offer immense growth opportunities over the forecast period 2020 - 2028.

A Point-of-Sale (POS) is an automated substitute for a cash register with the ability to track and record customer orders, process debit and credit cards, connect to other systems in the network, and manage inventory across geographically dispersed locations. A Point of Sale terminal is generally connected via extremely reliable wired connections and require fast dial up time, low power, and reliable performance.

The POS terminal industry in recent years has witnessed a dramatic turn-around and development with the advancement in technology and the growth of mobile POS terminal solutions. The POS terminals are slowly and steadily migrating towards a digital format, with e-mailed receipts and electronic signature capture enabling paper free transactions. Earlier when POS systems were positioned as only a sales processing devices, there laid little opportunity to add value beyond the basic system. However, today’s advanced POS systems are capable of handling a wide range of payment options such as digital payments and are able to play a crucial role not just in boosting sales but also in pricing, marketing, inventory control, property management, customer service, security, and digital signage among others. The introduction of chip-embedded payment solutions and personal identification number (PIN) is expected to minimize security concerns pertaining to data theft, further expanding the POS terminal's demand.

Today, there are large numbers of software vendors developing software for POS systems. With the advent of mobile terminals and cloud computing, software-as-a-service based POS systems capable of being accessed directly from the Internet is witnessing robust growth. The POS industry continues to grow as businesses across the globe increasingly realize the value to be gained by deploying the advanced POS systems. Low upfront and installation cost and availability of leasing options in most cases are expected to sustain healthy growth in the coming years. These dramatic changes in the POS industry and capabilities of systems have had a huge impact on how POS vendors work with their customers.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Hewlett Packard
  • Ingenico S.A.
  • MICROS Systems Inc
  • Panasonic Corporation
  • PAX Technology Ltd
  • Toshiba Corporation

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I - Secondary Research
1.4.2 Phase II - Primary Research
1.4.3 Phase III - Expert Panel Review
1.4.4 Approach Adopted
Chapter 2 Executive Summary
2.1 Market Snapshot: Global POS Terminals Market
2.2 Global POS Terminals Market, By Product Type, 2019
2.3 Global POS Terminals Market, By End-use
2.4 Global POS Terminals Market, By Component
2.5 Global POS Terminals Market, By Geography
Chapter 3 Market Dynamics
3.1 Introduction
3.1.1 Global Point-of-Sale (POS) Terminals Market Revenue and Growth, 2018 - 2028, (US$ Bn) (Y-o-Y %)
3.2 Market Inclination Insights
3.2.1 Steady Shift from Hard Currency Transactions to Cashless Transactions
3.2.2 Mobility Revolution
3.2.3 Cloud-based and Android POS Systems
3.2.4 Opportunity to Add Value and Loyalty Options
3.3 Market Drivers
3.3.1 Compliance with EMV Regulation to Create Replacement Demand
3.3.2 Increased Adoption of Credit and Debit Cards Fuelling Market Growth
3.3.3 Growing Demand for Mobile POS Terminals to Drive Market Growth
3.3.4 Enhanced Features and Lower Total Cost of Ownership (TCO) to Drive Demand in SMBs
3.4 Market Growth Inhibitors
3.4.1 Security Concerns Related to Data Breaches Inhibiting the Widespread Adoption of POS Terminals
3.4.2 Lack of Standard Platform
3.5 See-Saw Analysis
3.5.1 Impact Analysis of Drivers and Restraints
3.6 Attractive Investment Proposition
3.7 Competitive Analysis
3.7.1 Market Positioning of Key Vendors
Chapter 4 Global POS Terminals Market Analysis, By Product Type
4.1 Overview
4.2 Comparative Analysis
4.3 Fixed POS Terminals
4.3.1 Global Fixed Point-Of-Sales (POS) Terminals Market Revenue and Growth, 2018 - 2028, (US$ Bn) (Y-o-Y %)
4.4 Mobile POS Terminals
4.4.1 Global Mobile Point-Of-Sales (POS) Terminals Market Revenue and Growth, 2018 - 2028, (US$ Bn) (Y-o-Y %)
Chapter 5 Global POS Terminals Market Analysis, By Component
5.1 Overview
5.2 Comparative Analysis
5.3 Hardware
5.3.1 Global Point-Of-Sales (POS) Terminals Hardware Market Revenue and Growth, 2018 - 2028, (US$ Bn) (Y-o-Y %)
5.4 Software
5.4.1 Global Point-Of-Sales (POS) Terminals Software Market Revenue and Growth, 2018 - 2028, (US$ Bn)(Y-o-Y %)
Chapter 6 Global POS Terminals Market Analysis, By End-use
6.1 Overview
6.2 Comparative Analysis
6.3 Restaurants
6.3.1 Global Point-Of-Sales (POS) Terminals Market Revenue and Growth for Restaurants, 2018 - 2028, (US$ Bn)(Y-o-Y %)
6.4 Hospitality
6.4.1 Global Point-Of-Sales (POS) Terminals Market Revenue and Growth for Hospitality Application, 2018 - 2028, (US$ Bn) (Y-o-Y %)
6.5 Healthcare
6.5.1 Global Point-Of-Sales (POS) Terminals Market Revenue and Growth for Healthcare Applications, 2018 - 2028, (US$ Bn) (Y-o-Y %)
6.6 Retail
6.6.1 Global Point-Of-Sales (POS) Terminals Market Revenue and Growth for Retail, 2018 - 2028, (US$ Bn) (Y-o-Y %)
6.7 Warehouse/Distribution
6.7.1 Global Point-Of-Sales (POS) Terminals Market Revenue and Growth for Warehouse/Distribution Applications, 2018 - 2028, (US$ Bn) (Y-o-Y %)
6.8 Entertainment
6.8.1 Global Point-Of-Sales (POS) Terminals Market Revenue and Growth for Entertainment, 2018 - 2028, (US$ Bn) (Y-o-Y %)
6.9 Others (Transportation, Government, etc.)
6.9.1 Global Point-Of-Sales (POS) Terminals Market Revenue and Growth for Other Application, 2018 - 2028, (US$ Bn) (Y-o-Y %)
Chapter 7 North America POS Terminal Market Analysis
7.1 Overview
7.1.1 North America Point-Of-Sales (POS) Terminals Market Revenue and Growth, 2018 - 2028, (US$ Bn) (Y-o-Y %)
7.2 North America POS Terminals Market Analysis, By Component, 2018 - 2028 (US$ Bn)
7.2.1 Hardware
7.2.1.1 North America Point-Of-Sales (POS) Terminals Hardware Market Revenue, 2018 - 2028, (US$ Bn)
7.2.2 Software
7.2.2.1 North America Point-Of-Sales (POS) Terminals Software Market Revenue, 2018 - 2028, (US$ Bn)
7.3 North America POS Terminals Market Analysis, By Product Type, 2018 - 2028 (US$ Bn)
7.3.1 SRC Analysis
7.4 North America POS Terminals Market Analysis, By End-use, 2018 - 2028 (US$ Bn)
7.4.1 SRC Analysis
7.5 North America POS Terminals Market Analysis, By Country, 2018 - 2028 (US$ Bn)
7.5.1 U.S. POS Terminals Market Revenue, 2018 - 2028 (US$ Bn)
7.5.1.1 Comparative Analysis of North America Point-Of-Sales Terminals Market Revenue, By Country, 2018 - 2028, (US$ Bn)
Chapter 8 Europe POS Terminal Market Analysis
8.1 Overview
8.1.1 Europe Point-Of-Sales (POS) Terminals Market Revenue and Growth, 2018 - 2028, (US$ Bn) (Y-o-Y %)
8.2 Europe POS Terminals Market Analysis, By Component, 2018 - 2028 (US$ Bn)
8.2.1 Hardware
8.2.1.1 Europe Point-Of-Sales (POS) Terminals Hardware Market Revenue, 2018 - 2028, (US$ Bn)
8.2.2 Software
8.2.2.1 Europe Point-Of-Sales (POS) Terminals Software Market Revenue, 2018 - 2028, (US$ Bn)
8.3 Europe POS Terminals Market Analysis, By Product Type, 2018 - 2028 (US$ Bn)
8.3.1 SRC Analysis
8.4 Europe POS Terminals Market Analysis, By End-use, 2018 - 2028 (US$ Bn)
8.4.1 SRC Analysis
8.5 Europe POS Terminals Market Analysis, By Region, 2018 - 2028 (US$ Bn)
8.5.1 EU7 (U.K., France, Germany, Italy, Spain, Netherlands, Belgium) POS Terminals Market Revenue, 2018 - 2028 (US$ Bn)
8.5.1.1 Comparative Analysis of Europe Point-Of-Sales Terminals Market Revenue, By Region, 2018 - 2028, (US$ Bn)
Chapter 9 Asia Pacific POS Terminal Market Analysis
9.1 Overview
9.1.1 Asia Pacific Point-Of-Sales (POS) Terminals Market Revenue and Growth, 2018 - 2028, (US$ Bn) (Y-o-Y %)
9.2 Asia Pacific POS Terminals Market Analysis, By Component, 2018 - 2028 (US$ Bn)
9.2.1 Hardware
9.2.1.1 Asia Pacific Point-Of-Sales (POS) Terminals Hardware Market Revenue, 2018 - 2028, (US$ Bn)
9.2.2 Software
9.2.2.1 Asia Pacific Point-Of-Sales (POS) Terminals Software Market Revenue, 2018 - 2028, (US$ Bn)
9.3 Asia Pacific POS Terminals Market Analysis, By Product Type, 2018 - 2028 (US$ Bn)
9.3.1 SRC Analysis
9.4 Asia Pacific POS Terminals Market Analysis, By End-use, 2018 - 2028 (US$ Bn)
9.4.1 SRC Analysis
9.5 Asia Pacific POS Terminals Market Analysis, By Country, 2018 - 2028 (US$ Bn)
9.5.1 China POS Terminals Market Revenue, 2018 - 2028 (US$ Bn)
9.5.2 Indian Subcontinent POS Terminals Market Revenue, 2018 - 2028 (US$ Bn)
9.5.3 Japan POS Terminals Market Revenue, 2018 - 2028 (US$ Bn)
Chapter 10 Rest of the World (RoW) POS Terminal Market Analysis
10.1 Overview
10.1.1 RoW Point-Of-Sales (POS) Terminals Market Revenue and Growth, 2018 - 2028, (US$ Bn) (Y-o-Y %)
10.2 RoW POS Terminals Market Analysis, By Component , 2018 - 2028 (US$ Bn)
10.2.1 Hardware
10.2.2 RoW Point-Of-Sales (POS) Terminals Hardware Market Revenue, 2018 - 2028, (US$ Bn)
10.2.3 Software
10.2.4 RoW Point-Of-Sales (POS) Terminals Software Market Revenue, 2018 - 2028, (US$ Bn)
10.3 RoW POS Terminals Market Analysis, By Product Type, 2018 - 2028 (US$ Bn)
10.3.1 SRC Analysis
10.4 RoW POS Terminals Market Analysis, By End-use, 2018 - 2028 (US$ Bn)
10.4.1 SRC Analysis
10.5 RoW POS Terminals Market Analysis, By Region, 2018 - 2028 (US$ Bn)
10.5.1 Latin America POS Terminals Market Revenue, 2018 - 2028 (US$ Bn)
10.5.2 Middle-East and Africa POS Terminals Market Revenue, 2018 - 2028 (US$ Bn)
Chapter 11 Company Profiles
11.1 Verifone Systems, Inc.
11.1.1 Verifone Systems, Inc : Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
11.2 Ingenico S.A.
11.2.1 Ingenico S.A. : Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
11.3 PAX Technology Ltd.
11.3.1 PAX Technology Ltd. : Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
11.4 NCR Corporation
11.4.1 NCR Corporation : Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
11.5 MICROS Systems, Inc.(Oracle Corporation)
11.5.1 MICROS Systems, Inc. : Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
11.6 Panasonic Corporation
11.6.1 Panasonic Corporation : Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
11.7 Toshiba Tec Corporation
11.7.1 Toshiba Corporation : Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
11.8 Hewlett Packard
11.8.1 Hewlett Packard : Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
11.9 Samsung Electronics Co., Ltd.
11.9.1 Samsung Electronics Co., Ltd. : Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
11.10 Cisco Systems, Inc.
11.10.1 Cisco Systems, Inc. : Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
Note: Product cover images may vary from those shown
  • Ingenico S.A.
  • Verifone Systems Inc.
  • PAX Technology Ltd
  • Panasonic Corporation
  • Toshiba Corporation
  • Hewlett Packard
  • Samsung Electronics Co. Ltd NCR Corporation
  • MICROS Systems Inc
Note: Product cover images may vary from those shown