Point of Sale Equipment Market by Product Type (Fixed POS Terminals, Mobile POS Terminals, Pocket POS Terminals), Component (Hardware, Software), Deployment, Application - Global Forecast 2024-2030

Point of Sale Equipment Market by Product Type (Fixed POS Terminals, Mobile POS Terminals, Pocket POS Terminals), Component (Hardware, Software), Deployment, Application - Global Forecast 2024-2030

The Point of Sale Equipment Market size was estimated at USD 97.19 billion in 2023 and expected to reach USD 104.38 billion in 2024, at a CAGR 7.63% to reach USD 162.63 billion by 2030.

The Point of Sale (POS) equipment market encompasses the hardware systems and electronic devices used to process card payments and manage sales transactions in retail, hospitality, healthcare, and other customer-centric industries. This includes traditional cash registers, card payment terminals, barcode scanners, receipt printers, touchscreen displays, and various self-service kiosks. POS equipment is a focal point for the merchant and customer interaction during a transaction. The application of POS equipment is expansive and varied. In retail, POS systems are essential to process payments, manage inventory, and track consumer behavior. In the hospitality industry, they facilitate operations such as table-side ordering and split billing. POS systems are also pivotal in healthcare for managing patient billing and services. The POS equipment market is growing due to rising urbanization and growth in the organized retail sector, expanding digitization and rising preference for seamless and contactless payments, increasing penetration of mobile POS, and demand for e-commerce-friendly POS systems. However, the expansion of POS equipment is hindered by the high cost of upgradation and standardization of equipment, the growing threat of cybersecurity attacks on POS systems, and the complexity of integrating new POS systems with existing infrastructure. On the other hand, the latest potential opportunities in the POS equipment market include the integration of contactless payment technologies, the emergence of smart POS systems with enhanced analytics capabilities, growing interest in POS solutions among small businesses, and rising adoption of cloud-based POS systems and integration of artificial intelligence (AI) in the POS systems. There is also a growing trend for POS systems to incorporate customer relationship management (CRM) tools, loyalty program management, and real-time inventory tracking, which can open up new avenues for market growth.

Regional Insights

In the United States and Canada, the advent of smart POS systems that integrate smoothly with other business management software has been a game changer. Customers in these countries are inclined towards omnichannel retailing, seeking seamless experiences across online and offline platforms. Retailers are increasingly investing in advanced POS solutions for inventory tracking, customer relationship management, and sales processing. In South America, more significant retail sector investment and expanding tourism contribute to the rising demand for advanced POS solutions. In Europe, GDPR compliance has become a cornerstone requirement for POS systems, with a significant focus on data security and privacy. Countries, including France, Germany, and the UK, are at the forefront, with high demand for contactless payment options enhancing the uptake of newer POS terminals. An increase in the adoption of cloud-based POS systems is observed in Europe, reflecting the need for flexibility and scalability in business operations. The POS market in the Middle East and Africa is characterized by a dichotomy of rapidly modernizing infrastructure and regions relying on cash transactions, resulting in a heterogeneous market with localized solutions thriving alongside international vendors. The APAC region is diverse, with high-growth countries such as China and India and developed markets, including Japan. In China, innovation in mobile payment solutions is ahead of the curve, with widespread consumer adoption. In Japan, contactless payment technology is widely accepted, and there's a strong push for IoT integration in POS systems to enhance customer experience and business analytics. Meanwhile, India presents a fast-growing market with the dual challenge of modernizing its retail infrastructure and catering to a massive and diverse population.

Market Insights

• Market Dynamics
  
  The market dynamics represent an ever-changing landscape of the Point of Sale Equipment Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
  • Market Drivers
    • Growing Urbanization and Growth in the Organized Retail Sector
    • Expanding Digitization And Growing Preference for Seamless and Contactless Payments
    • Increasing Penetration of Mobile POS and Demand for e-Commerce-Friendly POS Systems
    • Market Restraints
      • High Cost of Upgradation and Standardization of Equipment
      • Market Opportunities
        • Growing Interest in POS Solutions Among Small Businesses
        • Rising Adoption of Cloud-Based POS Systems and Integration of Artificial Intelligence (AI) in the POS Systems
        • Market Challenges
          • Growing Concerns Related to Data Security
          • Market Segmentation Analysis
            • Product Type: Increasing demand for fixed POS terminals for greater functionality and integration capabilities
            • Application: Expanding application of POS equipments in retail industry for inventory management, and customer relationship management
            • Market Disruption Analysis
            • Porter’s Five Forces Analysis
            • Value Chain & Critical Path Analysis
            • Pricing Analysis
            • Technology Analysis
            • Patent Analysis
            • Trade Analysis
            • Regulatory Framework Analysis
            FPNV Positioning Matrix
            
            The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Point of Sale Equipment Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
            
            Market Share Analysis
            
            The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Point of Sale Equipment Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
            
            Recent Developments
            • Shift4 Payments to Acquire Revel Systems for USD 250 Million for Strategic Growth in POS Market
              
              Shift4 Payments announced plans to acquire point-of-sale (POS) company Revel Systems for USD 250 million in cash. This strategic move, disclosed during their first-quarter earnings call, aims to integrate Revel's capabilities into Shift4's SkyTab POS system and cross-sell payment services to Revel's existing customer base. Shift4 views this acquisition as a valuable opportunity to enhance its market presence in the United States and Europe.
              
              Zoho Introduces Zakya, a Comprehensive POS Solution for Retail Stores
              
              Cloud software company Zoho has launched Zakya, a point of sale (POS) solution designed to enhance retail store operations. Zakya offers robust capabilities for inventory management, omnichannel sales, and customer experience, and it can be implemented in under an hour, even for businesses with extensive inventories. The POS system operates offline, allowing continuous billing during peak hours through a mobile app, thereby reducing checkout times.
              
              Introducing V-POS by Vyapar to Streamlined GST-Compliant Invoicing and Retail Management for Indian Businesses
              
              Vyapar App launched V-POS, a Point of Sale software specifically tailored to enhance the retail operations of Indian businesses. Designed with a user-centric interface, V-POS streamlines the sales process with versatile invoicing, including GST-compliant templates and Tally integration, providing extensive customization. The software automates GST report generation, ensuring tax compliance with ease.
            Strategy Analysis & Recommendation
            
            The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Point of Sale Equipment Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
            
            Key Company Profiles
            
            The report delves into recent significant developments in the Point of Sale Equipment Market, highlighting leading vendors and their innovative profiles. These include Agilysys, Inc., Aptos, LLC, Casio Computer Co., Ltd., Castles Technology, Cegid Group, Cisco Systems, Inc., CitiXsys Holdings Inc., Ctac N.V., Dell Technologies Inc., Diebold Nixdorf, Inc., Elavon, Inc., Epicor Software Corporation, Fujian Newland Payment Technology Co., Ltd., Fujitsu Limited, Hewlett Packard Enterprise Company, Honeywell International Inc., Infor Inc. by Koch Industries, Inc., INGENICO Group S.A., Intuit Inc., NCR Voyix Corporation, NEC Corporation, Panasonic Corporation, PAX Global Technology Limited, Seiko Epson Corporation, Square Inc., Toshiba Corporation, TouchBistro Inc., and VeriFone, Inc..
            
            Market Segmentation & Coverage
            
            This research report categorizes the Point of Sale Equipment Market to forecast the revenues and analyze trends in each of the following sub-markets:
            • Product Type
              • Fixed POS Terminals
              • Mobile POS Terminals
              • Pocket POS Terminals
              • POS GPS/GPRS Terminals
              • Component
                • Hardware
                • Software
                • Deployment
                  • Cloud
                  • On-premise
                  • Application
                    • Entertainment
                    • Healthcare
                    • Retail
                    • Warehouse/Distribution
                    • Region
                      • Americas
                        • Argentina
                        • Brazil
                        • Canada
                        • Mexico
                        • United States
                          • California
                          • Florida
                          • Illinois
                          • New York
                          • Ohio
                          • Pennsylvania
                          • Texas
                          • Asia-Pacific
                            • Australia
                            • China
                            • India
                            • Indonesia
                            • Japan
                            • Malaysia
                            • Philippines
                            • Singapore
                            • South Korea
                            • Taiwan
                            • Thailand
                            • Vietnam
                            • Europe, Middle East & Africa
                              • Denmark
                              • Egypt
                              • Finland
                              • France
                              • Germany
                              • Israel
                              • Italy
                              • Netherlands
                              • Nigeria
                              • Norway
                              • Poland
                              • Qatar
                              • Russia
                              • Saudi Arabia
                              • South Africa
                              • Spain
                              • Sweden
                              • Switzerland
                              • Turkey
                              • United Arab Emirates
                              • United Kingdom
                              
                              
                              Please Note: PDF & Excel + Online Access - 1 Year