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According to our LPI (LP Information) latest study, the global POS Hardware market size was valued at US$ 9258.5 million in 2023. With growing demand in downstream market, the POS Hardware is forecast to a readjusted size of US$ 19860 million by 2030 with a CAGR of 11.5% during review period.
The research report highlights the growth potential of the global POS Hardware market. POS Hardware are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of POS Hardware. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the POS Hardware market.
The full name of POS is the point of sale information management system. It is a terminal reader equipped with barcode or OCR code technology and has cash or barter line cashier functions.Its main task is to provide data services and management functions for commodity and media transactions, and to conduct non-cash settlement. The POS machine is a terminal reader equipped with bar code or OCR code technology, which consists of a host part, a password keyboard, a power adapter and a printing part.
POS hardware is mainly divided into wireless, mobile and fixed POS devices. In 2020, wireless POS devices will account for about 57% of the market share.
Mainly used in retail, hotel and catering, etc. In 2020, retail sales will account for about 54% of the market share.
Globally, the concentration of major manufacturers is relatively high. The top five manufacturers (Ingenico, Huierfeng, NCR, PAX Global Technology, Newland Pay) account for about 74% of the entire market share
China has maintained the highest demand in recent years, accounting for about 42% of the entire market demand in 2020
Key Features:
The report on POS Hardware market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the POS Hardware market. It may include historical data, market Segmentation by Type (e.g., Wireless POS Equipment, Mobile POS Device), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the POS Hardware market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the POS Hardware market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the POS Hardware industry. This include advancements in POS Hardware technology, POS Hardware new entrants, POS Hardware new investment, and other innovations that are shaping the future of POS Hardware.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the POS Hardware market. It includes factors influencing customer ' purchasing decisions, preferences for POS Hardware product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the POS Hardware market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting POS Hardware market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the POS Hardware market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the POS Hardware industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the POS Hardware market.
Market Segmentation:
POS Hardware market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
- Wireless POS Equipment
- Mobile POS Device
- Fixed POS Device
Segmentation by application
- Retail
- Hotel and Catering
- Others
This report also splits the market by region:
- Americas
- - United States
- - Canada
- - Mexico
- - Brazil
- APAC
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- Europe
- - Germany
- - France
- - UK
- - Italy
- - Russia
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
- Ingenico
- Verifone
- NCR
- Pax Technology
- NPT
- NEWPOS
- NEXGO
- Centerm
- Castles Tech
- CyberNet
- Bitel
- SZZT
Key Questions Addressed in this Report
What is the 10-year outlook for the global POS Hardware market?
What factors are driving POS Hardware market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do POS Hardware market opportunities vary by end market size?
How does POS Hardware break out type, application?