Meticulous Research®, a top-tier global market research company, has unveiled its latest report titled “Point-of-Sale Terminal Market by Component (POS Hardware, Services), Operating System (Android-based POS Terminal, Windows-based POS Terminal), End User (Retail, Hospitality, Healthcare, and Government) with Global Forecast to 2029.”



The report indicates that the global point-of-sale terminal market is on track to reach $152.5 billion by 2029, expanding at a CAGR of 9.9% from 2022 to 2029. The market volume is projected to hit 687.4 million units by 2029, growing at a CAGR of 12.0% over the forecast period.



The market's growth is driven by the rising adoption of mobile-based POS terminals, the extensive use of EMV cards, and the increasing deployment of POS terminals in retail and e-commerce sectors. Nonetheless, data security concerns, misconceptions, and a lack of standardization in POS technology are limiting the market's growth. However, the increasing demand for contactless and cashless payments in both developed and developing regions is anticipated to offer substantial growth opportunities.



Meticulous Research® has segmented the market by component (POS hardware and services), operating system (Android-based, Windows-based, and other operating systems), end user (retail, hospitality, healthcare, transportation, sports & entertainment, government, utilities, and others), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyzes regional and country-level markets.



In 2022, the POS hardware segment is expected to dominate the market due to the increasing demand for wireless communication technologies, the heightened focus on POS terminal-centric capabilities, improved data visibility through cloud POS systems, and the rising demand for contactless and cashless payments.

The Android-based POS terminals segment is forecasted to capture the largest market share in 2022, driven by the growing adoption of cloud-based and Android POS devices and the increasing use of wireless technologies in mobile handsets.



The retail segment is anticipated to lead the market in 2022, attributed to the rising penetration of e-commerce platforms, a growing focus on contactless payments, increased adoption of in-store mobile payments, and strong growth in the global retail industry. Advanced features such as efficient invoice systems, discount offers, inventory management, data backup, and customer record maintenance enhance the attractiveness of POS terminals to retailers.



Geographically, the Asia-Pacific region is expected to hold the largest market share in 2022, driven by the presence of major players, rapid economic growth in countries such as China, Japan, India, and South Korea, modernization of the payment industry, the prominence of SMEs, and significant use of wireless POS terminals in various sectors.



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Key Players:

The key players operating in the point-of-sale terminals market are NCR Corporation (U.S.), Ingenico Group S.A. (France), Hewlett Packard Enterprise (U.S.), VeriFone, Inc. (U.S.), Toshiba Corporation (Japan), PAX Global Technology Limited. (China), Elavon Inc. (U.S.), Castles Technology Co., Ltd. (Taiwan), BBPOS International Limited. (China), Block, Inc. (U.S.), Cegid Group (France), Diebold Nixdorf, Incorporated. (U.S.), Newland Payment Technology (China), NEC Corporation (Japan), and Oracle Corporation (U.S.).



Key questions answered in the report-

Which are the high-growth market segments in terms of the component, operating system, end user, and geography?
What is the historical market for point-of-sale terminals across the globe?
What are the market forecasts and estimates for the period 2022–2029?
What are the major drivers, restraints, and opportunities in the global point-of-sale terminal market?
Who are the major players in the global point-of-sale terminals market, and what share of the market do they hold?
How is the competitive landscape?
What are the recent developments in the global point-of-sale terminals market?
What are the different strategies adopted by the major players in the market?
What are the geographic trends and high-growth countries?
Who are the local emerging players in the global point-of-sale terminals market, and how do they compete with the other players?

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