The point-of-sale terminals market has demonstrated robust growth in recent years, expanding from $99.99 billion in 2024 to an anticipated $107.16 billion in 2025 at a compound annual growth rate (CAGR) of 7.2%. Trends such as digital payment adoption, regulatory compliance, mobile and wireless connectivity, consumer preferences and convenience, small business integration, and expansion into various industries have heavily influenced this growth. Projections indicate continued growth, with the market size expected to reach $169.69 billion in 2029 at a CAGR of 12.2%.
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What Are the Key Driving Agents Behind The Point-of-Sale Terminals Market Growth?
The increasing demand for contactless and cashless payments is notably driving the point-of-sale terminal market forward. These systems are digital replacements for cash registers, facilitating payments through card transactions. An increase in transactions of this kind has been demonstrated in India – in June 2022, contactless transactions accounted for 31% of all supermarket transactions, up from 25% in 2020. This rising demand for contactless and cashless payments is a significant driver of the point-of-sale terminal market expansion.
How Is The Point-of-Sale Terminals Market Segmented?
The market is categorized into several key segments:
1) By Product: Mobile, Fixed
2) By Component: Hardware, Software, Service
3) By Technology: Biometric, Traditional
4) By Operating System: Windows, Linux, MAC
5) By Application: Restaurants, Hospitality, Healthcare, Retail, Warehouse, Entertainment, Other Applications
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Who Are the Major Players in The Point-of-Sale Terminals Market?
Key companies operating in the point-of-sale terminals market include Samsung Electronics Co. Ltd., NEC Corporation, Panasonic Corporation, Toshiba Corporation, VeriFone Systems Inc., Qashier PTE Ltd., Newland Payment Technology, GK Software SE, PAX Technology Limited, iMetrics Pte Ltd, Acrelec Group SAS, AURES Technologies SA, NCR Corporation, Presto Group LLC, Qu Inc., Quail Digital Limited, Revel Systems Inc., Toast Inc., TouchBistro Inc., Xenial Inc., Posist Technologies Private Limited, Ingenico Group S. A., BBPOS Limited, Honeywell International Inc.
What Are The Trending Innovations In The Point-of-Sale Terminals Market?
Notable companies in the point-of-sale terminals market are advancing their products with innovations such as Android point-of-sale (PoS) terminals. For example, in August 2023, BharatPe, an India-based fintech company, launched BharatPeSwipe Android, an android point-of-sale (PoS) terminal designed to facilitate various payment methods, including debit/credit cards, UPI, mobile wallets, and QR codes.
Which Region Dominates The Point-of-Sale Terminals Market?
In 2024, Asia-Pacific was the largest contributor to the point-of-sale terminals market and is also anticipated to be the fastest-growing region during the forecast period.
What Does The Point-of-Sale Terminals Market Report 2025 Cover?
A Point-of-Sale Terminal is a type of digital cash register replacement that uses a card PIN for transaction completions, thereby processing debit and credit cards. The Point-of-Sale Terminals Market research report from The Business Research Company provides insights into global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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