How has the point of sale market evolved, and where is it heading next?
The point of sale market size has grown exponentially in recent years. It will grow from $44.84 $ billion in 2024 to $53.84 $ billion in 2025 at a compound annual growth rate (CAGR) of 20.1%. The growth in the historic period can be attributed to the demand for enhanced customer experience, the expansion of online shopping, the increasing adoption of digital payments, the growth of small and medium enterprises, and the rise in mobile and cloud-based solutions.
The point of sale market size is expected to see rapid growth in the next few years. It will grow to $110.85 $ billion in 2029 at a compound annual growth rate (CAGR) of 19.8%. The growth in the forecast period can be attributed to growing e-commerce and omnichannel retailing, regulatory changes and compliance requirements, growth in the retail and hospitality sectors, a rising focus on security and fraud prevention, and a surge in contactless payment methods. Major trends in the forecast period include increased adoption of near-field communication (NFC) and quick response (QR) code payments, growth in tablet and smartphone-based POS solutions, implementation of advanced encryption and fraud detection technologies, adoption of fingerprint and facial recognition, and exploration of blockchain for secure, transparent, and efficient transaction processing.
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What are the key drivers behind the rapid expansion of the point of sale market?
The rising adoption of contactless payments is expected to propel the growth of the point of sale market going forward. Contactless payments are a secure method of transaction where consumers can pay for goods or services by simply tapping or waving a payment-enabled card, smartphone, or wearable device near a compatible payment terminal, without the need for physical contact. The rising adoption of contactless payments is driven by factors such as convenience, speed, enhanced security features, the widespread use of smartphones and wearable devices, and a shift towards hygiene-conscious payment methods, especially post-pandemic. Point of sale (POS) systems drive the adoption of contactless payments by allowing merchants to process quick, secure, and effortless transactions via NFC-enabled devices, improving customer satisfaction and promoting broader use. For instance, in January 2024, according to the European Central Bank, a Germany-based central bank of the European Union countries, the number of contactless card payments in the first half of 2023 increased by 24.3% from 20.9 billion in the first half of 2022, with the corresponding total value rising by 25.9% to €0.5 trillion ($545.27 billion). Therefore, the rising adoption of contactless payments is driving the growth of the point of sale market.
What is the segmentation for the point of sale market?
The point of salemarket covered in this report is segmented –
1) By Type: Fixed Point Of Sale, Mobile Point Of Sale, Other Types
2) By Component: Hardware, Software, Services
3) By Operating System: Windows Or Linux, Android, iPhone Operating System (iOS)
4) By Deployment: On-Premise, Cloud-Based
5) By End-User: Restaurants, Retail, Entertainment, Other End Users
Subsegments:
1) By Fixed Point of Sale: Traditional POS Terminals, Touchscreen POS Systems, Self-Service Kiosks, Integrated POS Systems
2) By Mobile Point of Sale: Smartphone-based POS Solutions, Tablet-based POS Solutions, Mobile Card Readers, Cloud-based Mobile POS Systems
3) By Other Types: Online POS Systems, Virtual POS Systems, Multi-channel POS Systems, Contactless Payment Solutions
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Who are the most influential companies in the point of sale market?
Major companies operating in the point of sale market are HP Inc., Panasonic Corporation, Oracle Corporation, Fujitsu Group, Salesforce Inc., PayPal Inc., Block Inc., Intuit Inc., Shopify Inc., NCR Voyix Corporation, Toast Inc., Casio Computer Co. Ltd., Ingenico Group, PAX Global Technology Limited, Lightspeed Commerce, Elo Touch Solutions, TouchBistro, Miva Inc., GOFRUGAL, Squirrel Systems, Erply, Poster POS, Nomia LLC, Bindo Labs Inc.
What are the most influential trends expected to drive the point of sale market forward?
Major companies operating in the point of sale market are focusing on developing innovative open banking payment solutions, to provide merchants with a cost-effective, efficient payment method that enhances customer convenience. An open banking payment solution allows third-party providers to access a user’s bank account information securely to initiate payments or provide financial services, leveraging open APIs for greater transparency and efficiency. For instance, in February 2024, Acquired Limited, a UK-based company that provides payment infrastructure and solutions for businesses, partnered with MultiPay Global Solutions, a UK-based payments technology company, to launch Pay by Bank for Point of Sale (POS). This platform enables direct bank payments via a quick response (QR) code, eliminating interchange and scheme fees for merchants and providing instant access to funds. For customers, it offers a smooth payment experience without the need for additional app downloads, ensuring quick and hassle-free transactions.
What are the major regional insights for the point of sale market, and which region holds the top position?
Asia-Pacific was the largest region in the point of sale market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the point of sale market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Point Of Sale Market Report 2025 Offer?
The point of sale market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A point of sale (POS) refers to a system where sales transactions are executed, typically involving hardware and software that manage payment processing, inventory tracking, and customer data in retail and service environments. These systems are used to streamline checkout processes, manage inventory, track sales data, and enhance customer service through efficient transaction handling and integrated business operations.
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