Point of Sale Terminal Market size worth $ 122.8 Billion, Globally, by 2026 at 8.2% CAGR: Verified Market Research®

November 25, 2021

Owing to the rising demand for cost-effective technologies so as to manage the inventories and payments in large end-user industries, including healthcare, retail, hospitality, and warehouse and distribution, the demand for the Point of Sale Terminal Market is enhancing.

/EIN News/ -- Jersey City, New Jersey, Nov. 25, 2021 (GLOBE NEWSWIRE) -- Verified Market Research recently published a report, “Point of Sale Terminal Market” By Product Type (Fixed POS Terminals, Wireless, Mobile POS), By Component (Hardware, Software), By Application (Restaurant, Hospitality, Healthcare, Retail, Entertainment), and By Geography. According to Verified Market Research, the Global Point of Sale Terminal Market size was valued at USD 65.57 Billion in 2018 and is projected to reach USD 122.8 Billion by 2026, growing at a CAGR of 8.2% from 2019 to 2026.

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Browse in-depth TOC onPoint of Sale Terminal Market

202 - Pages

126 – Tables

37 – Figures

Global Point of Sale Terminal Market Overview

Increasing demand for contactless and cashless payments, the unification of in-store and online sales, employee and customer management, and the need to keep track of inventory have boosted the adoption of integrated Point-of-Sale (POS) terminals. Moreover, the retail, healthcare, hospitality, and other sectors have witnessed a digital transformation owing to technological advancements that have compelled users to adopt point-of-sale terminals. The digital transformation and POS demand are also supported by the increasing use of the smartphone as a portable POS system.

The growing trend of contactless payments and the increasing penetration of Near Field Communication (NFC) devices in various industry verticals will drive the Point of Sale Terminal Market demand. Several countries are shifting to cashless transactions for implementing fast, easy, and secure payment methods. The emergence of cashless transactions is anticipated to positively impact industry growth. Moreover, players in the market are launching products that support NFC payments. The technology will help retail and hospitality customers to implement easy, safe, and secure payment methods into their operations.

Moreover, increasing R&D investments and the development of advanced payment solutions by manufacturers will propel the Point of Sale Terminal Market demand. Payment companies are developing innovative solutions for specific industrial purposes to increase profitability. The devices will allow retailers to effectively manage their store inventory and business operations, resulting in enhanced market growth.

Key Developments

Key Players

The major players in the market are Cisco Systems Inc., Toshiba Corporation, VeriFone System Inc. (Francisco Partners), Samsung Electronics Inc., MICROS Systems Inc. (Oracle), Hewlett Packard Enterprise, Ingenico SA, NEC Corporation, Panasonic Corporation, PAX Technology.

Verified Market Research has segmented the Global Point of Sale Terminal Market On the basis of Product Type, Component, Application, and Geography.




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