Saudi Arabia POS Terminal Market is Projected to Grow at a CAGR of 7.7% During 2020-2026
Saudi Arabia POS terminal market is expected to register considerable growth principally due to the increasing adoption of card transactions and technological advancement in the country. An increase in the number of pilgrims and tourists is also acting as a growth driver of the POS terminal market in Saudi Arabia. Based on the data provided by the Saudi Arabian Monetary Authority (SAMA), the number of POS transactions has shown a growth rate of approximately 30% from the year 2019 to Q2 2020. Additionally, several players are perusing partnerships and acquisitions to gain market share and enhance their customer base in Saudi Arabia. For instance, Gidea, one of the providers of payment systems has partnered with Linga in January 2020. The partnership will strengthen the payment terminal platform in the country and enhance the customer base. Further government initiatives such as Saudi Financial Sector Development Program which aims at promoting cashless transactions would also spur the demand for Saudi Arabia POS terminal market over the coming years.
According to the research, Saudi Arabia POS Terminal Market is projected to at a CAGR of 7.7% during 2020-2026. Saudi Arabia POS terminal market witnessed a slowdown in the beginning of 2020 due to the outbreak of the Covid-19 pandemic as all the economic activities were stopped and there was a nationwide lockdown. However, as the economy is returning to normalcy, a sudden rise in POS transactions is seen as people are preferring contactless transactions due to the fear of the spread of disease.
In terms of technology and type, the portable and mobile POS terminals are registering significant growth in Saudi Arabia market respectively. Additionally, the retail sector is dominating the market, with the hospitality and healthcare applications expected to witness healthy growth in the market due to increased spending on healthcare and traveling services by tourists in the country
The report comprehensively covers Saudi Arabia point-of-sale terminal market by technology, by types, by applications and by regions. The report provides an unbiased and detailed analysis of the point-of-sale terminal market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Key Highlights:
- Historical Data of Saudi Arabia Point-of-Sale Terminal Market Revenues for the period, 2016-2019
- Market size and Forecast of Saudi Arabia Point-of-Sale Terminal Market Revenues until 2026F
- Historical Data of Saudi Arabia Point-of-Sale Terminal Market Revenues, By Technology, for the period 2016-2019
- Market size and Forecast of Saudi Arabia Point-of-Sale Terminal Market Revenues, By Technology until 2026F
- Historical Data of Saudi Arabia Point-of-Sale Terminal Market Revenues, By Types, for the period 2016-2019
- Market size and Forecast of Saudi Arabia Point-of-Sale Terminal Market Revenues, By Types until 2026F
- Historical Data of Saudi Arabia Point-of-Sale Terminal Market Revenues, By Applications, for the period 2016-2019
- Market size and Forecast of Saudi Arabia Point-of-Sale Terminal Market Revenues, By Applications until 2026F
- Historical Data of Saudi Arabia Point-of-Sale Terminal Market Revenues, By Regions, for the period 2016-2019
- Market size and Forecast of Saudi Arabia Point-of-Sale Terminal Market Revenues, By Regions until 2026F
- Market Drivers and Restraints
- Market Trends and Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- Market Revenue Share, By Company
- Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Segmentation:
By Technology:
- Fixed
- Portable
By Types:
- Countertop
- Integrated
- Smart
- M-POS
- By Applications:
- Retail
- Entertainment
- Hospitality
- Healthcare
- Others (Transportation, Public Infrastructure, etc.)
By Regions:
- Western
- Central
- Eastern
- Southern
Table of Contents
1. Executive Summary
2. Introduction
2.1. Report Description
2.2. Key Highlights of the Report
2.3. Market Scope & Segmentation
2.4. Research Methodology
2.5. Assumptions
3. Saudi Arabia Point-of-Sale Terminal Market Overview
3.1 Saudi Arabia Point-of-Sale Terminal Market Revenues, 2016-2026F
3.2 Saudi Arabia Point-of-Sale Terminal Market - Industry Life Cycle, 2019
3.3 Saudi Arabia Point-of-Sale Terminal Market - Porter’s Five Forces
3.4 Saudi Arabia Point-of-Sale Terminal Market Revenue, By Technology, 2019 & 2026F
3.5 Saudi Arabia Point-of-Sale Terminal Market Revenue Share, By Types, 2019 & 2026F
3.6 Saudi Arabia Point-of-Sale Terminal Market Revenue Share, By Applications, 2019 & 2026F
3.7 Saudi Arabia Point-of-Sale Terminal Market Revenue Share, By Regions, 2019 & 2026F
4. Saudi Arabia Point-of-Sale Terminal Market Dynamics
4.1. Impact Analysis
4.2. Market Drivers
4.3. Market Restraints
5. Saudi Arabia Point-of-Sale Terminal Market Evolution
6. Saudi Arabia Point-of-Sale Terminal Market Overview, By Technology
6.1 Saudi Arabia Fixed Point-of-Sale Terminal Market Revenues, 2016-2026F
6.2 Saudi Arabia Portable Point-of-Sale Terminal Market Revenues, 2016-2026F
7. Saudi Arabia Point-of-Sale Terminal Market Overview, By Types
7.1 Saudi Arabia Countertop Point-of-Sale Terminal Market Revenues, 2016-2026F
7.2 Saudi Arabia Integrated Point-of-Sale Terminal Market Revenues, 016-2026F
7.3 Saudi Arabia Smart Point-of-Sale Terminal Market Revenues, 2016-2026F
7.4 Saudi Arabia M-Point-of-Sale Terminal Market Revenues, 2016-2026F
8. Saudi Arabia Point-of-Sale Terminal Market Overview, By Applications
8.1 Saudi Arabia Point-of-Sale Terminal Market Revenues, By Retail, 2016-2026F
8.2 Saudi Arabia Point-of-Sale Terminal Market Revenues, By Entertainment, 2016-2026F
8.3 Saudi Arabia Point-of-Sale Terminal Market Revenues, By Hospitality, 2016-2026F
8.4 Saudi Arabia Point-of-Sale Terminal Market Revenues, By Healthcare, 2016-2026F
8.5 Saudi Arabia Point-of-Sale Terminal Market Revenues, By Others, 2016-2026F
9. Saudi Arabia Point-of-Sale Terminal Market Overview, By Regions
9.1 Saudi Arabia Point-of-Sale Terminal Market Revenues, By Central, 2016-2026F
9.2 Saudi Arabia Point-of-Sale Terminal Market Revenues, By Western, 2016-2026F
9.3 Saudi Arabia Point-of-Sale Terminal Market Revenues, By Eastern, 2016-2026F
9.4 Saudi Arabia Point-of-Sale Terminal Market Revenues, By Southern, 2016-2026F
10. Saudi Arabia Point-of-Sale Terminal Market Key Performance Indicators
11. Saudi Arabia Point-of-Sale Terminal Market Opportunity Assessment
11.1 Saudi Arabia Point-of-Sale Terminal Market Opportunity Assessment, By Technology, 2026F
11.2 Saudi Arabia Point-of-Sale Terminal Market Opportunity Assessment, By Types, 2026F
11.3 Saudi Arabia Point-of-Sale Terminal Market Opportunity Assessment, By Applications, 2026F
12. Saudi Arabia Point-of-Sale Terminal Market Competitive Landscape
12.1 Saudi Arabia Point-of-Sale Terminal Market Competitive Benchmarking, By Operating Parameters
12.2 Saudi Arabia Point-of-Sale Terminal Market Revenue Share, By Companies, 2019
13. Company Profiles
13.1 Cisco Systems, Inc.
13.2 HP Inc.
13.3 Ingenico Group
13.4 NEC Saudi Arabia Ltd.
13.5 Oracle Corporation
13.6 Panasonic Marketing Middle East & Africa FZE
13.7 PAX Global Technology Limited
13.8 Samsung Electronics Co. Ltd.
13.9 Toshiba Gulf FZE
13.10 VeriFone Systems, Inc.
14. Key Strategic Recommendations
15. Disclaimer
List of Figures
Figure 1. Saudi Arabia Point-of-Sale Terminal Market Revenues, 2016-2026F ($ Million)
Figure 2. Saudi Arabia Point-of-Sale Terminal Market - Industry Life Cycle, 2020
Figure 3. Saudi Arabia Point-of-Sale Terminal Market Revenue Share, By Technology, 2019 & 2026F
Figure 4. Saudi Arabia Point-of-Sale Terminal Market Revenue Share, By Types, 2019 & 2026F
Figure 5. Saudi Arabia Point-of-Sale Terminal Market Revenue Share, By Applications, 2019 & 2026F
Figure 6. Saudi Arabia Point-of-Sale Terminal Market Revenue Share, By Regions, 2019 & 2026F
Figure 7. Rise In Number of POS Transactions, 2011-2020 (Million)
Figure 8. Saudi Arabia NFC Technology Transactions Share, By Device, 2019
Figure 9. Saudi Arabia Fixed Point-of-Sale Terminal Market Revenues, 2016–2026F ($ Million)
Figure 10. Saudi Arabia Portable Point-of-Sale Terminal Market Revenues, 2016–2026F ($ Million)
Figure 11. Saudi Arabia Countertop Point-of-Sale Terminal Market Revenues, 2016–2026F ($ Million)
Figure 12. Saudi Arabia Integrated Point-of-Sale Terminal Market Revenues, 2016–2026F ($ Million)
Figure 13. Saudi Arabia Smart Point-of-Sale Terminal Market Revenues, 2016–2026F ($ Million)
Figure 14. Saudi Arabia M-Point-of-Sale Terminal Market Revenues, 2016–2026F ($ Million)
Figure 15. Saudi Arabia Point-of-Sale Terminal Market Revenues, By Retail, 2016-2026F ($ Million)
Figure 16. Saudi Arabia Point-of-Sale Terminal Market Revenues, By Entertainment, 2016-2026F ($ Million)
Figure 17. Saudi Arabia Point-of-Sale Terminal Market Revenues, By Hospitality, 2016-2026F ($ Million)
Figure 18. Saudi Arabia Point-of-Sale Terminal Market Revenues, By Healthcare, 2016-2026F ($ Million)
Figure 19. Saudi Arabia Point-of-Sale Terminal Market Revenues, By Others, 2016-2026F ($ Million)
Figure 20. Riyadh Retail Supply, 2015-2021F (‘000 sq. m GLA )
Figure 21. Jeddah Retail Supply, 2015-2021F (‘000 sq. m GLA )
Figure 22. Dammam Retail Supply, 2015-2021F (‘000 sq. m GLA )
Figure 23. Makkah Retail Supply, 2015-2021F (‘000 sq. m GLA )
Figure 24. Riyadh Hotel Supply, 2015-2021F (‘00 Keys )
Figure 25. Jeddah Hotel Supply, 2015-2021F (‘00 Keys )
Figure 26. Dammam Hotel Supply, 2015-2021F (‘00 Keys )
Figure 27. Makkah Hotel Supply, 2015-2021F (‘00 Keys )
Figure 28. POS Transaction To Cash Withdrawal Ratio In Saudi Arabia, Jan 2020-July 2020
Figure 29. Saudi Arabia Point-of-Sale Terminal Market Opportunity Assessment, By Technology, 2026F
Figure 30. Saudi Arabia Point-of-Sale Terminal Market Opportunity Assessment, By Types, 2026F
Figure 31. Saudi Arabia Point-of-Sale Terminal Market Opportunity Assessment, By Applications, 2026F
Figure 32. Saudi Arabia Point-of-Sale Terminal Market Revenue Share, By Companies, 2019
List of Tables
Table 1. Saudi Arabia NFC Technology Transactions Volume, By Device, 2019
Table 2. Saudi Arabia Point-of-Sale Terminal Market Revenues, By Regions, 2016-2026F ($ Million)
Table 3. Saudi Arabia Upcoming Transportation Projects
Table 4. Saudi Arabia Upcoming Tourism, Recreation and Entertainment Projects
Samples
LOADING...
Companies Mentioned
- Cisco Systems, Inc.
- HP Inc.
- Ingenico Group
- NEC Saudi Arabia Ltd.
- Oracle Corporation
- Panasonic Marketing Middle East & Africa FZE
- PAX Global Technology Limited
- Samsung Electronics Co. Ltd.
- Toshiba Gulf FZE
- VeriFone Systems, Inc.
