Meticulous Research®, a leading market research firm, has published a detailed 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 latest analysis from Meticulous Research® shows that the global point-of-sale (POS) terminal market is set to reach $152.5 billion by 2029, with a CAGR of 9.9% from 2022 to 2029. The market volume is projected to achieve 687.4 million units by 2029, growing at a CAGR of 12.0% during this period.

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Growth drivers include the rising adoption of mobile-based POS systems, increased use of Europay, Mastercard, and Visa (EMV) cards, and a growing demand in the retail and e-commerce sectors. However, data security issues and a lack of standardization may hinder market growth. The trend towards contactless and cashless payments in developed and developing regions presents substantial growth opportunities.
To provide an in-depth analysis, Meticulous Research® has segmented the market by component (POS hardware and services), operating system (Android-based, Windows-based, and others), 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 report also examines industry competitors and offers regional and country-level market insights.

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In 2022, the POS hardware segment is expected to dominate the market, driven by demand for wireless communication technologies, cloud POS systems, and contactless payment solutions. The Android-based POS terminal segment is predicted to lead the operating system category due to the increasing use of cloud-based and wireless technologies.

The retail sector is set to hold the largest market share among end users, supported by the rise of e-commerce, a focus on contactless payments, and advanced POS terminal features like inventory management and customer records.

Asia-Pacific is anticipated to lead the market in 2022, driven by significant economic growth in China, Japan, India, and South Korea, along with the modernization of payment systems and the rise of SMEs.

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.).

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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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