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According to our LPI (LP Information) latest study, the global POS Terminals market size was valued at US$ 45460 million in 2023. With growing demand in downstream market, the POS Terminals is forecast to a readjusted size of US$ 191670 million by 2030 with a CAGR of 22.8% during review period.
The research report highlights the growth potential of the global POS Terminals market. POS Terminals 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 Terminals. 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 Terminals market.
The point of sale (POS) or point of purchase (POP) is the time and place where a retail transaction is completed. At the point of sale, the merchant would calculate the amount owed by the customer and indicate the amount, and may prepare an invoice for the customer (which may be a cash register printout), and indicate the options for the customer to make payment. It is also the point at which a customer makes a payment to the merchant in exchange for goods or after provision of a service. After receiving payment, the merchant may issue a receipt for the transaction, which is usually printed, but is increasingly being dispensed with or sent electronically.
POS Terminals is a computerized replacement for a cash register. The POS system can include the ability to record and track customer orders, process credit and debit cards, connect to other systems in a network, and manage inventory. Generally, a POS terminal has as its core a personal computer, which is provided with application-specific programs and I/O devices for the particular environment in which it will serve. A POS system for a restaurant, for example, is likely to have all menu items stored in a database that can be queried for information in a number of ways. POS terminals are used in most industries that have a point of sale such as a service desk, including Entertainment, Healthcare, Hospitality, and Retail.
Increasingly, POS terminals are also Web-enabled, which makes remote training, and operation possible, as well as inventory tracking across geographically-dispersed locations.
Global POS Terminals key players include Ingenico, Verifone, PAX, Newland Payment, LIANDI, etc. Global top five manufacturers hold a share over 65%.
Asia-Pacific is the largest market, with a share about 65%, followed by Europe, and North America, both have a share over 10 percent.
In terms of product, Fixed POS Terminals is the largest segment, with a share nearly 65%. And in terms of application, the largest application is Financial Institutions, followed by Third-Party Payment Institutions, etc.
Key Features:
The report on POS Terminals 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 Terminals market. It may include historical data, market Segmentation by Type (e.g., Fixed POS Terminals, Wireless POS Terminals), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the POS Terminals 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 Terminals 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 Terminals industry. This include advancements in POS Terminals technology, POS Terminals new entrants, POS Terminals new investment, and other innovations that are shaping the future of POS Terminals.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the POS Terminals market. It includes factors influencing customer ' purchasing decisions, preferences for POS Terminals product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the POS Terminals market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting POS Terminals 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 Terminals market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the POS Terminals 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 Terminals market.
Market Segmentation:
POS Terminals 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
- Fixed POS Terminals
- Wireless POS Terminals
- Mobile POS and etc.
Segmentation by application
- Financial Institutions
- Third-Party Payment Institutions
- Other
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
- PAX
- Newland Payment
- LIANDI
- Xin Guo Du
- New POS Technology
- Bitel
- CyberNet
- Castles Technology
- SZZT
Key Questions Addressed in this Report
What is the 10-year outlook for the global POS Terminals market?
What factors are driving POS Terminals market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do POS Terminals market opportunities vary by end market size?
How does POS Terminals break out type, application?